Bitcoin Cash is a curious case.
- It's not Bitcoin, but it's still relevant. Remains in the top 5 market cap ranking.
- Once in opposite polarity to Bitcoin, it could be used to hedge Bitcoin movements. Now in positive correlation with Bitcoin.
- Is at risk of being drowned out by the endless list of other Bitcoin forks, some of which remain in the top 100 including Bitcoin Gold, Bitcoin Diamond, Bitcoin Private, and Bitcoin Interest.
Whether it's a curious case or not is quite irrelevant though -> the real question is how does one profit from it. It's pricing story is not unlike others for this relatively new coin ie. It is now close to it's previous low from late 2017:
It's cross rate against BTC shows a similar fate as to the other major altcoins:
I don't foresee profitable trading on BCH using the "negative correlation" to BTC strategy that played out for a short period last year as holders swung from Bitcoin to Bitcoin Cash and back again. It would appear that BCH will follow along side other major altcoin strategies with Bitcoin moving the market.
(This is not trading or investment advice)
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