Whe can see some nice consolidation forming. I'm currently investing in BCH, already went half in with the amount I want to go in around 470. I'm not sure if we wil get another dip after this consolidation or it will just sky rocket. I looked in what markets btc is trading and on the third place it is BCH/BTC around 5% of the total in the last 24 hours In BCH the main trading market is in Korean currency. I can't tell if this is institutional money or not. Maybe someone can enlighten me.
Happy trading! (This is an idea and not trading advice)
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The triangle broke out on the downside but it looks like it is recovering
@oymer007,
Well chap, my target is deeper than my pockets xD haha,Well it's long term so I will have a look after the upcoming forks of btc and bch, I wanted to buy btc pretty bad but I was late, too late end later than that. As I'm doing a lot of research on altcoins it looks like bch eill do pretty good. Sochodling for atleast 6 months
oymer007
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@yvofox, Thanks for information when the fork it will be happen ? at the fork btc and bch prises expected go low or go up ?
yvofox
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@oymer007,
Forks tend to create fear and with a split therr is always some value moving to the new coin. If this stay there or rises depends purely on the market.
Since Bitcoin core (or legacy) don't what the segwit2X at all it and can get interesting.
It also depends on what the miners want to mine
kvijay9
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It's pulling back, is it time to sell?
yvofox
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@kvijay9,
I bought BCH for a long term investment, depends on what you want to do with it. November 13th there will be a hardfork on bitcoin cash, which will be mainly for the upgrade so BCH will be mined at a more even rate instead of being boosted by the Emergency Adjustment and then left again