Hopefully it is just a short panic period over the BCH business. The sharp price drop has definitely sped things up.
That's a big conversion there. We may see a lot more of that if things keep moving the way they are...
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I don't think the downside is over. Since BTC broke some major support levels there's a good chance it will drop into the 4000s (and maybe lower) before the next bull market, and this could play out over months not days. Just my 2c.