Upcoming difficulty adjustment with current price would make bitcoin cash more profitable to mine than btc, expect miners switching to attempt to make bitcoin cash the longest chain thanks to lower difficulty (though would still have less pow unless more than ~50% hashrate switches, which i consider highly unlikely).
This, hashrate moving to bitcoin cash that will have ~6% of bitcoin difficulty and currently has ~7% of the price, could lead to a price rise. Price rising would make mining more profitable, attracting more miners that would potentially increase the hype and price. And this repeats until price crashes.
Also the charts suggest a bottom and a potential breakout. Downtrend broken and 4h macd crossing bullish support this.
I bought spot coins and i plan to cancel this trade if we go under ~260
This, hashrate moving to bitcoin cash that will have ~6% of bitcoin difficulty and currently has ~7% of the price, could lead to a price rise. Price rising would make mining more profitable, attracting more miners that would potentially increase the hype and price. And this repeats until price crashes.
Also the charts suggest a bottom and a potential breakout. Downtrend broken and 4h macd crossing bullish support this.
I bought spot coins and i plan to cancel this trade if we go under ~260
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As expected, it is now more profitable to mine in the bitcoin cash blockchain (only considering block rewards).
Pump is ongoing. I'm slowly selling all the bitcoin cash i bought around 300 when it broke out.
Still hodling my original "free" bag of bitcoin cash for a major bubble.
Pump is ongoing. I'm slowly selling all the bitcoin cash i bought around 300 when it broke out.
Still hodling my original "free" bag of bitcoin cash for a major bubble.
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who is having fun? I am :D
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cash.coin.dance/blocks
~120 blocks (2-3 hours) till bitcoin cash is the longest chain (without considering work).
Expecting another pump
~120 blocks (2-3 hours) till bitcoin cash is the longest chain (without considering work).
Expecting another pump
