Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forks => Bitcoin Forum => Bitcoin Cash Forum => Topic started by: ShadowCrypto on April 08, 2020, 11:06:31 PM
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What are you thoughts? Time to Buy?Time to hodl? Time to sell?
In a few days we will see the BTC halving too,m and bCH already happened
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Bitcoin Cash, who is falling around a 12%. This hit hard the recovery of the many crypto that was on them way to find again new medium term high. From the mains Atlcoins, the one with the lowest loss was the Tezos, who is falling around a 7%.
Is expect it that the prices of all the cryptocurrencies will continue to drop in the coming days.
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I don't support halving post anymore. I've seen a lot of halving. Many articles have been posted around halving. I saw a lot of news.
But no news came true. So I do not believe this word or news will be halving successful. But like you, I think the price will continue to fall in the future.
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After the halving 900 btc are mined every day. Lets just assume all are sold. 900 btc printed every day x $7000 btc price =$6,300,000 in sell pressure every day. Multiply that by 360 or business days in a year and it is $2.27 billion . If institutions are buying about $400 million a quarter (every 3 months) assuming there is no growth grayscale investors will buy most of the supply. This does not include small or individual investors or buyers on the square app. My model assumes btc will not go up in value and stays at the same price. If btc goes to $14k then grayscale investors will only buy 50% of the supply assuming there is no growth in btc purchasing from grayscale investors. Given this analysis there is little downside in btc assuming the institutional demand stays the same.(editado)
all together we will see higher prices in btc. whether its a sudden growth or a small growth upward. when btc goes up bch will follow
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It seems that the Bitcoin Cash halving does not have a strong meaning for the increase in the price of Bitcoin Cash because the halving does seem like a joke for BCH.
Bitcoin is also still as usual because Bitcoin still does not provide a good guarantee for its price when seen in today's market.
Bitcoin Cash looks like it's still fast asleep and now it's time to get up and run.
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Well the question is whether to hold ABC to sell at a later date or to get rid of as soon as possible