The great mining war...
In few hours, Bitcoin difficulty will increase by about 8% (for the next 2016 blocks):
https://bitcoinwisdom.com/bitcoin/difficulty
In the meantime BCC miners have carefully reduced bcc difficulty to noe 13% of btc difficulty. With just another diff reduction it will reach 11%.
If prices stay where they are, or if bcc goes higher, this will end up making BCC more profitable to mine than bitcoin. If this happens, miners will switch to BCC, and the btc chain will be starved. Very slow congested blocks, moving your btc could be very slow and require super high fees.
As more miners switch over for profit, this could reach an extreme situation where the btc chain could even come to a complete halt.
I honestly how this will affect prices, if btc will crash while bcc rises. But I'm just warning you, if you're planning to move or sell some coins or do some operations, do it now before all hell breaks lose. The great mining war is about to start.
Yes this sounds like a rocky road for a while. Bitcoin is introducing Segwit soon so that may help, but if the miners move to Bitcoin Cash then who will approve the transactions?
The network is already slow enough as is, losing miners will just exacerbate that and cause a runaway train effect. BCH price will rise and more miners will flee which will cause slower transactions which will lower BTC price which will cause more miners to flee, so on and so forth. Meanwhile BCH will chug along with 8 times the transactions per second.
I tend to agree with you. I'm holding both coins now and will diversify as I go along. Thanks for your advice.
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