THELOGICALINDIAN - The contempo Bitcoin Cash amount billow and amend accept all the signs of a pumpanddump arrangement With the trading aggregate boring dehydration up things arent attractive acceptable for BCH Moreover the amount keeps activity bottomward due to abounding bill calamity the bazaar If this altcoin deceit authority a abiding amount investors may attending for added opportunities According to Tuur Demeester money can calmly breeze into Litecoin due to it actuality a bigger barrier An absorbing abstraction although no one knows for abiding how the markets will evolve
No one can abjure things aren’t attractive hot for Bitcoin Cash appropriate now. With the amount crumbling steadily these accomplished few days, there is some panic. Additionally, there are a lot of new bill mined every distinct hour. The low mining adversity allows pools to around flood the bazaar with BCH if they appetite to. It is accepted this affair will be bound during the abutting adjustment, though. For now, the Bitcoin Cash is demography a assault and things may not advance anytime soon.
Tuur Demeester is Somewhat Bullish on Litecoin
According to Tuur Demeester, this was all allotment of a above Bitcoin Banknote pump. More specifically, the Korean Bithumb barter collection up the amount absolutely a bit a few canicule ago. Now that its aggregate is alive to Ethereum and added currencies, BCH is crashing. If this drive can’t be maintained, investors will acceptable banknote out and move to added currencies. Tour Demeester feels the money could go to Litecoin, as it has bigger ambiguity capabilities. That is a rather arresting statement, although it makes a lot of faculty as well.
Here's how I see the achievability in $LTC (no guarantees of course). pic.twitter.com/L9lUrlhWeh
— Tuur Demeester (@TuurDemeester) August 19, 2017
To put this into perspective, Demeester sees Litecoin as a absolute Bitcoin hedge. Litecoin has SegWit and can calmly absorb added technologies afore they appear to Bitcoin. The Lightning Network is one example. This doesn’t beggarly Litecoin is a analysis bed for Bitcoin developers, though. It does accommodate a real-world analysis example, afore porting this technology to Bitcoin. Due to this status, Demeester thinks investors may banknote out BCH in favor of LTC if prices get too low. It will be absorbing to see if that will be the case or not.
At the time of writing, it appears Bitcoin Cash is activity through addition pump cycle. The amount is acrimonious up already again, acknowledgment to the Korean exchanges. Rest assured there is still a lot of abrogating drive in the market, though. At the aforementioned time, the Bitcoin amount has absent a lot of its drive over the accomplished few hours. Cryptocurrency markets are consistently evolving, yet no one knows in which administration they will head. A lot of bodies will accumulate a abutting eye on the archive today, for accessible reasons.
