Bitcoin Cash Fork -Bitcoin ABC
Usually, during a fork, especially of such nature, the fork is heavily covered.
I was surprised to found out that there is a plan for a Bitcoin Cash Fork scheduled for the 13th of November.
We have seen a big rally on Bitcoin Cash over the last week, the market cap has more than double and the price moved from $600 to over $1400 today.
What are the reasons for such big rally in such a short term?
- Segwit X2 being canceled for the time being due the lack of enough consensus
- People are looking for a ”better bitcoin” at a discount price
- The Hard Fork on Bitcoin Cash on the 13th of November
- Over 100000 bitcoin pending transactions over the weekend (causing a major delayed until the transaction are confirmed by the miners)
The hard fork wasn’t well communicated and most exchanges haven’t made a statement regarding this hard fork.
Please see if your exchange will support it.
For the time being, please trade with caution.
For the full details please go to BitcoinABC