Relationship between BTC, Hash Rate, BCH

[emma.lee1890]

I'm just curious, how does a lowered hash rate contribute to a falling price of BTC? Is it specifically because a lot of miners sold their stashes after redirecting their hash power to BCH ABC, and to a lesser extent, BCH SV?

Was it this combined with other factors, say a general unease about what would happen to crypto as a whole, then snowballed because of those who were panic selling?

I'd like to hear some clear-cut theories about the relationship between a falling BTC and the shenanigans in BCH. Please, no condescending backdoorry or signature spampainers. I'm just putting your ass on ignore if you are either.

[bhm45]

Panic is tied directly to selling Bitcoin for the sake of investing in BCH. I think that the market recovery will be no earlier than December 2018. Bitcoin returns to $ 6,000.

[dragononcrypto]

Funny you should ask this, Bitmex Research did a review of hash rate wars (BTC/BCH, ETH/ETC, BCH/BSV):
https://blog.bitmex.com/wp-content/uploads/2017/11/2017.11.16-The-litecoin-vs.-Dogecoin-hash-rate-wars-of-2014-and-implications-for-Bitcoin-vs.-Bitcoin-Cash.pdf

[vycl87]

Someone is playing with Bitcoin. I don't really believe the other coins named Bitcoin. BitcoinCash, Gold, Z or any other. No one suits for Satoshi's vision. So it is important how much value they have. Bitcoin is number one and it will be always.

[aji678]

Panic is tied directly to selling Bitcoin for the sake of investing in BCH. I think that the market recovery will be no earlier than December 2018. Bitcoin returns to $ 6,000.

But why not having a market price pump for BCH? If this is the case but it seems nothing had move for BCH to pump up and market price for most of the crypto still dipping. So i guess, there is something more than this. I cannot think that holders will going to sell their crypto at 6K USD for most of the holders aiming to sold their crypto at more than 6K USD.