Bitcoin Cash skyrockets, Bitcoin price drops as civil war continues

Source: Forbes

“Well, get your popcorn after all. Earlier this week, a planned hard fork on the Bitcoin blockchain that threatened to create two new coins, causing disruptions on exchanges and potential losses for users on both sides — but also possibly one of the most exciting chapters in Bitcoin’s history — was called off. But in the last few days, a previous fork of Bitcoin (BTC) called Bitcoin Cash (BCH) that was launched in August and immediately dismissed by many Bitcoiners and the wider crypto world alike, has skyrocketed in value. … Several active crypto players surmised that the market moves had to do with the disaffected group who did not get the hard fork that they supported, known as SegWit2x, shifting their money over to Bitcoin Cash, which is more in line with their vision of Bitcoin.” (11/12/17)