Price is like 90% feelings 10% facts. That's why propaganda is so effective and also why BTC/BCH is 10/1. BTCers need to get burned again, last time didn't hurt enough.
13/1
Take an all time average. Also BTC is propped up by at least $40 million in short positions. BTC is leveraged to the ceiling.
I am still waiting for that epic short squeeze.
I'm seeing some epic divergences on the long term charts. I think it'll happen in the next few days.
that makes sense. let's see who has the weaker hands, BTC hodlers or BCH hodlers? i like to believe that BCH hodlers understand what they've invested in and are more likely to not sell
Bingo. I think it's a Pareto principle thing. Square root of people involved do half the work. So if 10 million ppl are into Bitcoin only 3500 or so did their reaserch.
I'm more afraid of bitmain than BCH holders. Just selling 10% of their stack will hurt.
If they want to sell, and get the most out of it, they will do whatever they can to NOT disturb the markets.
I'm thinking this too. They won't slit their own neck.
