Bitcoin vat as Traders opt out and fled into BCH...!!!
Bitcoin spiked as low as $5600 today in early trading as the quick and deep correction that we have been anticipating in the coin arrived. This time around altcoins were mostly left out form the crash, with Bitcoin Cash being in the center of the action. The forked coin briefly surged past Ethereum in market capitalization as the tectonic shift away from its Big Brother fueled an unprecedented speculative rally in BCH, pushing its value above the $30 billion mark.
While the real value of Bitcoin Cash is questionable, the correction in BTC was baked in the cake, and the current trading-theme of BCH could evaporate quickly as selling dries out in Bitcoin. That said, the most valuable coin reached a severely overbought state and more downside is likely for it in the coming week. With that in mind, altcoins still look like a safer bet, even after the mess move in several of the major coins
Below are some of my previous post/blogs
https://steemit.com/crypto/@leyebiz/reasons-behind-bch-rise
https://steemit.com/crypto/@leyebiz/ico-analysis-on-vezt-crypto-artist-connect-music
https://steemit.com/crypto/@leyebiz/good-signs-to-hold-some-bch-bitcoincash
https://steemit.com/crypto/@leyebiz/should-i-buy-some-neo-crypto-read
https://steemit.com/bitcoin/@leyebiz/multibit-classic-wallet-bugs-on-accessing
https://steemit.com/life/@leyebiz/nature-is-the-art-of-god
https://steemit.com/crypto/@leyebiz/miner-s-mining-and-trader-s-trading-altcoins-basic-1
https://steemit.com/crypto/@leyebiz/china-struggles-to-destroy-bitcoin-but-currency-flourish
https://steemit.com/life/@leyebiz/not-every-unfriendly-dangerous-people-are-cruel
https://steemit.com/eagle/@leyebiz/7-leadership-principles-learnt-from-an-eagle-s-life
https://steemit.com/crypto/@leyebiz/cloakcoin-at-0-19usd-per-unit-6-month-wayback
https://steemit.com/life/@leyebiz/brave-heart-like-that-of-a-lion
https://steemit.com/life/@leyebiz/the-co-founder-of-apple-and-his-last-inspirational-speech
https://steemit.com/crypto/@leyebiz/about-html5coin-and-20th-of-november-2017
https://steemit.com/nature/@leyebiz/you-want-to-make-a-difference-you-should-read
https://steemit.com/life/@leyebiz/16-fact-why-the-creative-one-leads
@ocd-resteem