Bitcoin had a bit of a downtrend following the news of segwit2x being cancelled. This is probably due to a few factors. 1 factor I feel is being much overlooked is all of the individuals out there that were looking to get some “free” cryptos after the fork. As we all know from past forks you generally will be left with a numerical equivalent to the amount you had in your wallet at the time of the fork. In the past for example if you had 1.5btc after the fork you ended up with 1.5btc and 1.5bch. Free stuff is always good but like a bag of chips at the beach, you t me to attract every bird in site looking for a few crumbs and when all of the crumbs are gone, off they go! Can’t help but keep that in mind when crypto enthusiasts from all walks, let them be ethereum die hards or dash fanatics, all of which dropped their posts and jumped on the free crypto bandwagon and once word got out there won’t be any chips they scattered back to where they came from. Oddly enough all of this drove to many people jumping on the BCH surge to ride the wave until it began to crest and just like they did previously, they began to scatter right back to their safe zones. For those who caught the BCH wave early on, it was a nice ride up into the 130%+ rapid increase. I myself was early in on his one and pulled a nice dismount just in time into the Dash pool to wait for the tides to settle. $10 BCH and $10 Dash last night around 11pm est is now $9.29 BCH and $12.70 Dash @5:30pm est. I feel it’s safe to say bitcoin remains king of the castle, for now.
-x120steemit (steemit noob)
