Topic: BCH - Bitcoincash FOMO start again (Read 480 times)

Well, hard forks don't affect the price of the original coin too much and it might be a good way to multiply the price of BCH if that happens don't they? I'm pretty sure that an airdrop will be offered if you are holding BCH where most investors might be bullish to grab those babies. I may agree with you that BCH might not good for long term holding but I still believe that it was being used by big time players to slay BTC. Riding with the flow is not a bad idea I guess.

Big correction alreayd happened with bitcoin cash, As you can see how the price of bitcoin cash back again to the ground after non-sense increase. It's only really profitable to do trading with bitcoin cash but not for the longterm investment. I heard bitcoin cash will get forked by unknown developer. 

I am not surprise that BCH went up the price drastically in just a short period of time because there are a lot of advertisement to this platform these past few days. I am not sure why there are a lot of BCH haters all over this forum even if BCH really is profitable in day trading or even long term holding. Many experts agreed that BCH was over sold and a big time correction may occur anytime. It's inevitable in every altcoin or even in Bitcoin.

People will always FOMO money into a coin regardless of what that coin is, it is human instinct to not want to miss out when they start seeing that something is doing good, so the more the price rises, the more people put money into the market out of fear and panic and that means boosting up the price until it actually goes back down again and the cycle repeats.

Seeing as bitcoin cash is just a hard fork off of bitcoin it is quite hard for investors and other people to trust it which is why a lot of them didn't invest in it. Although bitcoin cash has actually proving itself that it is a good coin and a viable method of payment, it will just take a while for people to start having faith in it and then start catching up but they will.

Today, most investors are not too interested in bitcoin cash. of course there are various reasons, there are many options for now there are many altcoins that are better and better than bitcoin cash.

Lol. Right. And it is still rises up to 20% but I don't think I can fall for that FOMO. Sure thing is, bch are planning to have a project with bitplay that is why the price is still pumping. Here, you can see that transactions in bch is still low compared to other altcoins like eth. And also I have heard that they Will upgrade their protocol. Then maybe, that contributed for the price pump of bch.

I agree with you completely. What you said makes total sense from an investment point of view. However, BCH is a threat to BTC? Really? You have got to be kidding with me. Bitcoin cash is leagues away from even challenging Bitcoin which is why this statement is silly. I have already earned small profits by buying the dip and selling Bitcoin Cash when it rose recently which is the only reason I appreciate this coin. Apart from that, I don't think it is suitable to compare Bitcoin Cash to the king of the crypto world. Better to compare establish currencies like Ethereum etc in this scenario.

How can Charlie Lee do that?  Is it centralised?

BTC (bitcoin core devs ) sorry misplaced the BTC before the name of the devs.... Bitcoin Core Devs (BTC) vision of lightning etc vs BCH devs and BCH vision

buy and hold BCH guys I am going to pump it 

BCH is cool crypto coin.
I read that price will be $10K in the end of year.

1. BTC
2. BCH
3.

what the hell is "bitcoin core". we have no coin with that name

But again, if it is ONLY supported by transaction fees going down ..to the extent the Jihan Wu of Bitmain wants all miners to burn 18% of all the BCH thru tx fees ....what will be the

pullback or bounce down WHEN Litecoin comes out with its much lower fees as well as Bitcoin Core

I see this thing bouncing up and bouncing down in price ....IF I am correct, on this 2nd bounce down, ASSUMING that LTC and Bitcoin Core have matched the fee structure

what will BCH do to 'justify' its fork and existence then? I just can't see a good end game for folk holding BCH ...It does not seem to me to have enough 'chops' as an

innovated ALT coin to survive without banging on the evils of Bitcoin Core etc, etc, eventually, again IMHO, they have to do something more with BCH or i will fade

There is a bearish trend waiting in line for the coin and it may take it down to the swing lows. It may take it down to the $1000 level but soon will be reversed with a major bullish reversal. This bull run will take the coin up to the $1500 level.

Well, I find it interesting that BCH is pumping on the 'low transaction fee angle'

Is not Bitcoin Core coming out with a fee reduction with more tweaks?

I KNOW that Charliee Lee on his Twitter page has been saying for a couple months he is going to dump the fees down to 0.00001 or some such

So this FOMO, and all this, could be just a way to get their low fee hooks out into the stream for fishing before everyone else

so, it MAY be a temp thing, and overblown..not sure..just saying...they seem to be hitting their version or such hard, I'm saying it may be moot

in a month or two, when the others above, do what they also claim

(crypto always drama)

It's not FOMO, you should buy BCH while you still can, even 1500$ is a great price.

Anyone ever noticed how it always pumps and affiliated news networks shill it as it pumps, then it is followed by a massive dump ? They are just trying to create unlucky hodlers who don't want to take the loss to push up the average price.

Bcash looks like Tron, Verge and Ripple on the graphs. It spikes up and dumps just as fast. Its the "Cheap hot altcoin" *cough* Sorry bitcoin.

I am a BTC supporter but I honestly have no issue with BCH itself, my big problem comes in with their promoters who always seem to come across as deceptive, BCH would have done a lot better if it didn't have faketoshi, a multimillionaire before BTC was invented, and the bitmain guy who exploits the BCH code to print more BCH after it launched and that Rick guy.
Rick made some videos where he compares LN to internet routing to bring an anti LN point across. Now many of the things around bitcoin I am not knowledgeable on, but BGP is kind of my job. He presents half truths and twists the explanation of how it is deployed in real life. That video just confirmed all my suspicions about the dude.

I wish BCH as a coin the best, but not these guys. They really come across as the opposite of what BTC stands for. Thus I cast my vote with my money accordingly.

But alas, it's just a bunch of ordinary people whos money is at risk, its all good if Ver & Co can become even richer I guess? Ask yourself how much BTC you think these guys own and how much power they hold over hte market. With BCH being a 1-10 ratio usually, how much of the BCH supply they control? Do you feel comfortable with that ?

Well it will really depend on the person, if he thinks about making money with bch  then so be it. But I personally don't like this coin so I have to stay away from this and look for something good coins like utrust and nem. Newbies should know the risk of FOMO, make time to study the market and previous price history of this coin.

The price of BCH has been in the last week, but now it seems that the price is close to the top, and $1500 should be the highest price.