During mid-July, there was a time when Bitcoin dropped to as low as $1900 when there was a risk of a potential chain split. Shortly after, the price went back up again. When Bitcoin Cash was announced, there was little impact on the price of Bitcoin and shortly after, the price also went up. Bitcoin cash was valued at around $200-$500 before the chain split happened. For every Bitcoin you have during the chain split you also get a Bitcoin Cash. This means there is an opportunity to make a free $200-$500 for every Bitcoins you hold during the chain split. Since the chain split, Bitcoin’s price has been decreasing. Do you think people bought Bitcoin just to get some Bitcoin Cash during the chain split? Do you think Bitcoin is overbought?
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