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Re: None

Wednesday, 08/02/2017 1:41:54 PM

Wednesday, August 02, 2017 1:41:54 PM

Post# of 12302
For those new to the board, or perusing it for a possible entry.

Contrary to what other have said, this stock seems to mirror the movement of bitcoin itself, albeit delayed and at a different magnitude. With that being said, after the dust from this fork settles, and the exchanges get bitcoin cash distributed to the holders of Bitcoin, I suspect a very steep rise in the price of Bitcoin. I say this because it seems that many people are using the bitcoin cash 1 for 1 (if you had bitcoin, at the split, you receive however many bitcoin cash, that you had in bitcoin) as a free money outlet. Therefore, once cash gets to a certain level, I suspect we see a huge sell off and redistribution into Bitcoin itself, as well as the other big players, such as ethereum. This is when the price of Bitcoin will rise dramatically, IMO.

Once all the aforementioned occurs, I believe that this stock will also jump to test the old highs in the low 20's. Remember though, that this ticker lags behind Bitcoin's movement and does not move at the same magnitude.

All IMO. Best of luck.
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