Even before the official fork on November 15, 2018, the Poloniex exchange began trading BCHABC and BCHSV coins. The decision is extraordinary and is on slippery ground. However, due to this exchange we can speak about the market value of these cryptocurrencies.
BCH Forks Trading
Already today, you can buy Bitcoin Cash ABC and Bitcoin CASH SV on such exchanges *:
- Poloniex;
- Bitfinex;
- Binance;
- HitBTC;
- Kraken – meanwhile, only ABC is avaliable on this exchange, but it seems to us that we will not have to wait a long time for listing Satoshi Vision.
* The list is not full, because the number of exchanges on which these forks are traded will grow rapidly.
Initially (except Poloniex), trading began with the giving coins to each BCH holder: 1 BCHABC coin and 1 BCHSV for 1 Bitcoin Cash.
The price of BCHABC today is higher than the price of the “true Bitcoin” from the “true Satoshi”. This is an objective reality of the market.
Why ABC is more expensive than SV:
- The update from ABC is more innovative than that of SV.
- Craig S Wright’s personality clearly repels many rationally thinking users.
The future of trading and investing in Forks bitcoin cache is very ambiguous. The whole story with the “hash war” and related conflicts did not play into the hands of BCH’s reputation. After the noise subsides, we assume that trade forks volumes may not reach the volumes that the parent coin had before the split.
What Will Happen to Bitcoin Cash (BCH)?
So far, nothing. Formally, it exists (at the moment). But after a relatively short period of time it will disappear from the exchanges. When all the exchanges finish the transition to the updated versions of Bitcoin Cash, a massive delisting will begin. For example, Binance, where this coin is better known as BCC, has already claimed that it will be excluded from the exchange.
Conclusions
In fact, there is a completely ordinary event from which the whole war has been inflated. The market begins to recover from the games of the whales. Do not forget that there are still many important events on the cryptocurrency market. Pay attention to fundamental factors, not short-term manipulations.
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