Bitcoin and Bitcoin Cash Inflection Point by dragosroua

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· @dragosroua · (edited)
$5.82
Bitcoin and Bitcoin Cash Inflection Point
A couple of hours ago, Bitcoin and Bitcoin Cash changed trends. Almost as abruptly as they started to diverge a few days ago. Here's how the top 2 positions in terms of market cap are looking right now:
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![Screen Shot 2017-11-12 at 11.28.57 AM.png](https://steemitimages.com/DQmQca7aeqcyJMBSR1AJvnfgic59Mw7DngLo5K7tL5j5rt9/Screen%20Shot%202017-11-12%20at%2011.28.57%20AM.png)
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And here's the interesting point, magnified:
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![Screen Shot 2017-11-12 at 11.28.57 AM.png](https://steemitimages.com/DQmVXqxe9iGACumXPWAbBVNThocpoZ8smfLX59q9Tn5yYw2/Screen%20Shot%202017-11-12%20at%2011.28.57%20AM.png)
***
Looks like the moment BCH went over the _same circulation supply_ as Bitcoin, price reversed abruptly. It may have been triggered by bots looking at this metric, or it may have been human intervention, or it may have been politics, or it may have been chance. Or karma. Or something to do with the inversion of the magnetic poles of the Earth.

Fact is the reversal started and here's a very instructive chart of BCH at Poloniex.
***
![Screen Shot 2017-11-12 at 11.27.47 AM.png](https://steemitimages.com/DQmPBTpmJDRYBLvtmUGqY5tgbpSipvDB7cJBPTuNt86myh3/Screen%20Shot%202017-11-12%20at%2011.27.47%20AM.png)
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_Au bon entendeur, salut!_

Pardon my French ;)
***
_I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at [Dragos Roua](http://dragosroua.com) where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua._
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<center>_You can also vote for me as witness here:
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_If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform)_:
* [Rewards: Were Does The Money Come From?](https://steemit.com/steemit/@dragosroua/steemit-newbie-faq-rewards-were-does-the-money-come-from)
* [Netiquette: How To Avoid Being A Steem Douche?](https://steemit.com/steem/@dragosroua/steemit-newbie-faq-netiquette-how-to-avoid-being-a-steem-douche)
* [Witnesses: What Are They And Why Should You Care?](https://steemit.com/steemit/@dragosroua/steemit-newbie-faq-witnesses-what-are-they-and-why-should-you-care)
* [How Can I Mine Steem And What CPU / GPU Power Do I Need For That?](https://steemit.com/steemit/@dragosroua/steemit-newbie-faq-how-can-i-mine-steem-and-what-cpu-gpu-power-do-i-need-for-that)
* [The Beginner Guide To Not Getting Hacked On Steemit](https://steemit.com/steemit/@dragosroua/the-beginner-guide-to-not-getting-hacked-on-steemit)
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vote details (78)
@adnanrabbani ·
$0.05
i agree with your points right now the market is looking very tricky and unpredictable also but i think we should wait until that BCH fork drama will be over.
👍  ,
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@dragosroua ·
There is no BCH fork, this already happened. This is just pure market speculation. And yes, nobody knows how it will end. I'm just looking at charts.
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@adnanrabbani ·
$0.05
Well i read it [here](https://www.bitcoinabc.org/november) that it is scheduled to happen on 13th of november.
👍  ,
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vote details (2)
@timbo ·
$0.32
Yea, anyone with BTC should have dumped it within the past 24 hours is not before that.

By these charts the time is now to invest in BTH but I won't be doing it. I am here on Steemit and don't plan to invest my time or money anywhere else.

# Good luck to anyone out there jumping on this opportunity.

~ @Timbo
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@dragosroua ·
$0.28
> By these charts the time is now to invest in BTH but I won't be doing it.

you want to say BCH, like Bitcoin Cash, right?
👍  
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vote details (1)
@timbo ·
$0.27
Yep, from what I am understanding they are doing extremely well. Although over the past day or 2 there has been a huge change in the market.

Who knows, maybe it was a bubble, maybe it is a drop before the wave.

What do you think? I would really like to know.
👍  
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vote details (1)
@bescouted · (edited)
$0.05
Interesting development indeed. Do you think BCH can go as high in price and be priced very similar as BTC?

I know that in crypto all is possible even inversion of magnetic poles of earth.

But in your personal opinnion. Do you believe it will happen?
👍  ,
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@dragosroua ·
Honestly, I don't think this will happen.
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@bescouted · (edited)
$0.14
I do not think too, but looks like everything is totally possible in this space. It's like watching a birth of a star. It's accruing gas little by little, getting denser and denser, at the same time increasing the gravity little bu little! 

And then kaboooom :) We have a new shining star made out of a cosmic dust :) That irradiates profit but you can get hurt if you get too close to it :) and only a few know where did it come from, while the rest are in a rush to get warm in the rays of a new sun :)
👍  ,
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@jlcrypto ·
$0.05
Nice try for the French =D
The correct way : A bon entendeur Salut ! =)
Merci mon ami !
👍  ,
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@dragosroua ·
I did say, in my defense, _pardpn my French_ ;) Merci a vous!
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@jlcrypto ·
$0.05
Haha you did =D
If you need French lessons let me know =D
👍  ,
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@blazing ·
$0.04
Their souls didn't touch each other
👍  ,
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@faisal79 ·
Fabulous one!!!
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