This is because Bitcoin Cash is dependent on the success of Bitcoin for its survival as is the case for every altcoin. All the Bitcoin Cash people who have been hating on Bitcoin are partially responsible for what is happening to Bitcoin, and are now reaping the negative effects of the FUD they have been spreading against Bitcoin.
We are in a bearish market, which could go on for a long time. The more Bitcoin goes down, the more Bitcoin Cash will go down and every other altcoin with it. In my opinion, when prices continue to drop with no clear indication of recovery, it's a smart move for a trader to cash out before losing his or her profits. There is a reason why traders say one should sell high and buy low: there is no guarantee prices will go back to what they were.
This is not financial advice, but my personal opinion.
That's ridiculous, we're the people who are trying to SAVE bitcoin! Blockstream and their troll army have been trying to force everyone onto Lightning, which is centralized and doesn't work, while artificially restricting the capacity of Bitcoin to 1MB blocks. The real "Bitcoin community", the academics, and the best devs have almost entirely moved over to Bitcoin Cash. And the chief Kore troll-dev, Maxwell, has resigned in disgrace. Meanwhile Bitcoin "fees are down" because nobody is using Bitcoin...
And the Bitcoin Cash chain continues to grow, with more transactions, more merchants, and more momentum every day. If you want to continue sitting around complaining with the Kore people, be my guest. But if you're smart and willing to be humble about reality, join the BCH community and prepare to grow and profit! Look at my username, I used to be a Kore fanboi too...
I must quote... they even had to change "low fees" into "fraud protection" and "fast peer to peer transactions" in "peer to peer transactions" at bitcoin DOT org website... Bitcoin is a bit ruined right now, and that's also why in markets there is no much uncertainty.
Problem is you have a goldfish brain
I said old btc going under $10k , btw its going under $5k aswell
Dont be surprised if you see 1 old btc between $1200 - $2800 sometime this year.
https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc
Interesting thing is the date for the subponea was around 6th dec and what happened to old btc price that time period.
Old btc got one more push from $17k to just over $20k before the usdt stuff got leaked out and since then its been downhill.