Bitcoin Cash Fork

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

Leave a Reply

DISCLAIMER The information contained on this website is provided for informational purposes only and is not intended to substitute for professional financial, legal or tax advice. You should consult a professional before acting on any information you find here.This website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. Any references to third party products, rates, or websites are subject to change without notice. Please do the appropriate research before participating in any third party offers. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage© Copyright 2021 Cryptostec