Who knows what will happen to BTC come November 17th. What we do know is by November 13th Bitcoin Cash will fork to adjust its hash rate difficulty algorithm.
"The original Bitcoin Cash “EDA” allowed Bitcoin Cash to survive as a minority chain but produces wild fluctuations of hashrate. This is problematic because it prevents consistently fast confirmations for users, and radically shifts the coin issuance schedule." https://www.bitcoinabc.org/november
The new upgraded Bitcoin Cash will have one less reason to not buy it. A common argument why Bitcoin cash is a bad payment vehicle is due to the wild fluctuations in the hash rate producing variable transaction confirmation times for end users.
November 17th Bitcoin forks into two chains; Bitcoin (b1x) as it is today with 1mb blocks and Bitcoin Segwit2x (b2x) which is the same as today but with 8mb blocks. The community is torn on which fork to support.
November 17th we may have 3 versions of bitcoin. b1x, b2x, and BCH. BCH will have had its difficulty adjustment fork and will be a more stable blockchain.
Ever wonder why in the USA we only allow two primary candidates to run for president? When two dogs fight the third gets the bone.
I just sold all and will re enter at around 489 dollar
Shockinalive
⋅
What are your target points if I may ask? I guess BCH won't grow exponential so there must be some point where we can maximize profits and re-enter?
investing_alt
⋅
@Shockinalive, Take profits on the way up. I see 0.11 to 0.14 as next major resistance area.
Shockinalive
⋅
@altinvesting, Thanks for your reply! :) Right now it's at 680, while it is (I guess) fighting its way up to 700-720$. So you would say around this point (700/720$ - 0.95/0.1) would be a good point to sell and buy the dip again, right?