Hypothesis No Advice This time If/when pump comes for bch Will ether recover faster? And take off? What will happen to alts in that time? Will a cashening attempt and potential flippening occur simultaneously?
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eth's recent gains against btc happened fairly soon after the last bch pump
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as we know the price per 'coin' is somewhat misleading due to the ubiquity of ether in the cryptoverse
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stagnant btc ?pumping btc what ya gonna do ether?!?
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CORRECTION stagnant btc ?pumping bch what ya gonna do ether?!?
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is it totall impossible we could see 1.bch 2.ether 3.btc or 1. ether 2. bch 3. btc I do think btc will recover longerterm Then i see possible problems for bch and btc if asic mining ecological concerns result in regulation NO ADVICE HERE ONLY IDEAS TRADE AT YOUR OWN RISK
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i'm expecting a btc drop to be timed with a bch pump but could quite easily go the other way see below.
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historically invariably btc trouble means pan crypto trouble: can either bch or eth move against it decisively? This might be due to a pump for bch (more likely imho) or it being a potentially better transactional entity than btc or the fact that ETH is potentially our decentralised internet. Or something else. Or none of the above and crypto carries on as before, or not as before. Or crypto like fiat realises its true value of zero. In which case got metals?!? Ps my 99% hypothesis remains that crypto is the medium term future of world finance. BUT THERE ALWAYS HAS BEEN AND REMAINS HIGH RISK IN CRYPTO; and the risk that fiat currencies will (hyper)inflate your savings away and that equities are currently fueled directly or indirectly buy central bank monies and share buybacks
Love your analysis, I am thinking the same that either ETH or BCH will overtake BTC based on TA and FA. Im leaning more towards 1. BCH 2. ETH, 3. BTC. Reason is because BCH is 'out of phase' with BTC and ETH at this point in time and could pump when BTC and ETH drops, resulting in a temporary cashening event, after which ETH overtakes BCH as first.
Doc-al-Citadel
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@fyfiul7, yep exactly mate. I'm not betting the farm on it. But i'm all on this for next month or so. Only time I won't be if is bch:eth approaches parity.
Doc-al-Citadel
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@qdoc, no longer all in and will blame btc uncertainty but may ease back into this, the trade is still active but not all in