And this weekend proves it. I anticipated a blood bath this, especially for Bitcoin with it's massive run up, but this did not occur. We did have amazing gains though!
Bitcoin Cash(BCH) took the lead this weekend, with an increase of almost 300% in 3 days... This is due to the fact that BCH is currently more profitable to mine than BTC. Bitcoin Cash did not have many miners supporting it from the start, so every 2 weeks the mining difficulty dropped to account for the lack of miners. As we see a flock of people moving their hardware to start accumulating Bitcoin Cash, we will see the difficulty RISE in 2 weeks, potentially giving Bitcoin back the lead in profitability.
I was able to make some gains myself with Bitcoin Cash, but sold everything WAY to early thinking it was not going to pump much further... Boy was I wrong. Anyone else have similar situations occur this weekend while trading? Let me know in the comments below!
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