elesdyzer

Bitcoin Cash (BCash) is going to hit Bitfinex deposit wallet

Short
BITFINEX:BCHBTC   None
Due to the inability of Bitcoin Cash to adjust the difficulty of the network, coins are transferred incredibly slowly.

Bitfinex openend his deposit wallet yesterday at (10:00 UTC), they are asking for 15 confirmations, meaning 15 blocks.

So the next block, which hasn't been mined yet as for now, will enable trader to finally dump their 'free' coin.

This will accentuate the selling pressure, because until today, only the coin created on the exchange were available for trading. As of the next block, the exchange will be flooded by all this .

The block just arrived when I was writing .... Good luck to you.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.