BringTheFingerBack

BTC Step-brother may be bear market proof

COINBASE:BCHUSD   Đồng Bitcoin
The black sheep of the family, BCH, the forgotten child of the 2017 frenzy hard fork. Its actually an interesting project and already has a nice set-up of merchants in North Queensland and some places in the caribbean. I think this coupled with the fact it has enough supporters that believe it the project and are willing to buy the dips. I have to admit that the BCHBTC graph is quite ugly and may suggest that simply buying BTC is the best play but possibly buying BCHUSD inside the highlighted channel could see a nice return over the coming years. If you believe the tinfoil hat brigade on reddit then there is a chance that exchnages are causing a lot of selling pressure on BCH. Its also important to remember that BTC and the Bitcoin forks don't have CEO or angel investors looking for profit taking spots, so unlike a lot of crypto projects you wont get dumped on during a brutal bear market. As always i dont really have a clue and i'm just a dude who likes drawing lines on weekly charts. Not financial advice, so its not.
Bình luận:
Looks like BCH is now a buy at these prices but honestly, fuck that! Looking at the whole financial market i cant see a bottom yet.
Bình luận:
The world crypto market getting rekt after the FTX saga. BCH might stand to benefit from such a crash if the tin foil hat brigade is correct about exchanges using customer funds to short BCH
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