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3 possibilites that can happen during the bitcoin cash hardfork

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As the bitcoin cash hardfork is coming closer, investors and traders are worried about which cryptocurrency would perform better in terms of investment: BCHABC or BCHSV?
BCHSV performed quite good yesterday but fell down towards $170 just a few hours before the bitcoin cash hardfork. The BCHABC is currently trading above $290 while BCH trades around $436. Graig Wright’s new version BCHSV has just 182 nodes for running against 1103 nodes of BCHABC.

Here are 5 possibilities to keep in mind while the bitcoin cash hardfork happens:

1. The death of BCH:

BCH becoming a cryptocurrency with two different ledgers. Right now, there is nobody who is certain about which of the two new cryptocurrencies would survive.

 

2. One coin may surrender over the other:

The ongoing hash wars may end if one of the blockchains surrenders over the other. There is no certainty as to which of the chains would produce the longer chain. Some Cryptocurrency Exchanges are accepting BCHABC while others are accepting BCHSV. A specific timeframe does not exist as to decide which of the chains would be longer than the other.

 

3. Both Versions Survive:

There are possibilities that both of the new versions of the Bitcoin Cash can survive. The BCHSV believers seem to believe that BCHSV will pose as the original Bitcoin Cash. Also, BCHABC believers may not accept their defeat which could end up in creating a new cryptocurrency in which case, the owners of the original Bitcoin Cash would be entitled 2 new cryptocurrencies.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

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Bitcoin likely to return to $6,000 according to Wyckoff Logic

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