Topic: BCH dumped but why hasnt BTC moved (Read 1285 times)
Right now, BTC has crossed the 2800 dollars mark. This is now a good sign for BTC to go straight to the 3000 dollars threshold. BCH on the one hand is dipping almost 50%. Thess might be signs that will tell us something about the future of these two coins.
So seeing as though everyone (the majority) seemd to say they were going to sell their BCH and buy more BTC then why has BTC stayed down and even down more than it was yesterday?
Where did every ones BCH profits go if not to BTC or are we attributing this to Polo
Where did every ones BCH profits go if not to BTC or are we attributing this to Polo
Does anyone know if exchanges like Poloniex will show a balance of BCH equivalent to BTC? It seems like they should but I am having trouble accessing my Poloniex account right now.
Didn't they do this with ETH and ETC or am I mistaken about that (I actually didn't have any ETH with them at the time). If not then I guess we can't get any BCH for Bitcoin held on Poloniex.
Bitcoin is gowing up fast now and BCH is going down. Did one or more exchanges enable BCH withdrawels?
I think none yet. Still no confirmations on the transaction I made. Btw it looks like only few miners are supporting BCC thats why it has a slow transaction.
So seeing as though everyone (the majority) seemd to say they were going to sell their BCH and buy more BTC then why has BTC stayed down and even down more than it was yesterday?
Where did every ones BCH profits go if not to BTC or are we attributing this to Polo
Where did every ones BCH profits go if not to BTC or are we attributing this to Polo
Last week people were selling alts to buy BTC and withdraw to their wallets to get BCC. So I guess now are buying alts back, so that is why BTC price decrease. Buy orders for alts on exchanges got much thicker yesterday as they were last week.
Bitcoin is gowing up fast now and BCH is going down. Did one or more exchanges enable BCH withdrawels?
interesting. I got mine on Bitrex pretty quickly and then sold it yesterday. Missed the pump but I only decided on getting a tiny amount of BTC anyway so not concerned when I sold.
I like you, actually I not interested Bitcoin Cash, but why skip it when me can receive free for sell and take some profit with this free money? But I still think very lucky when I sold this coin pumped to highest price 0.4 BTC per coin in Bittrex 
interesting. I got mine on Bitrex pretty quickly and then sold it yesterday. Missed the pump but I only decided on getting a tiny amount of BTC anyway so not concerned when I sold.
Some other sites still have not paid out BCC/BCH like CEX.io
Right now we are seeing a "fake" market on Bittrex
Right now we are seeing a "fake" market on Bittrex
So seeing as though everyone (the majority) seemd to say they were going to sell their BCH and buy more BTC then why has BTC stayed down and even down more than it was yesterday?
Where did every ones BCH profits go if not to BTC or are we attributing this to Polo
Where did every ones BCH profits go if not to BTC or are we attributing this to Polo
BTC will drop when people start exchanging it for fiat. BCH-BTC trades only determine the price of BCH.
Trades within the alt world only determine relative prices. When a lot of people cash out BTC for fiat, then the price will move down and vice versa.
So seeing as though everyone (the majority) seemd to say they were going to sell their BCH and buy more BTC then why has BTC stayed down and even down more than it was yesterday?
Well, I actually expected the opposite: I thought Big Blockers would sell massively their Bitcoin to buy more Bitcoin Cash and move the price down. I hoped to grab some BTC at <2500 or even 2000 $ - well, it didn't happen. My theory is that Big blockers/Bitcoin Cash fans are still not 100% confident in their currency because of the long block times, low hashrate and centralized mining that in theory could favour an attack.
But actually, I think both movements are compensating each other: The "Big blocker dumps" hold the Bitcoin price in the 2650-2750 area - a very good price considering the latest events and only 10% below the ATH - while the Bitcoin buys by Bitcoin Cash sellers helped it to not fall below $2600. So both parties are actually contributing to the stability of the coin of the opposite side
I think once the users are able to get their hands on their share of BCH, a selloff is in the making. This would trigger the price to plummet but if it has enough support or demand, then it might be able to have some value after the selling. Right now, everything is just speculation and I would simply observe from the sidelines what transpires next.
Many people buy btc because it's tempted by a bch promotion, most of them sell their altcoin for it, and once they get bch and end up selling then what they do is buy back altcoin, the perception of people that bitcoin will skyrocket it is not true because of this. Only responsive action to return to altcoin.
Not sure I agree with this. Alts were up whilst BTC was pumping and then they are down today after the dump, should see the reverse
So seeing as though everyone (the majority) seemd to say they were going to sell their BCH and buy more BTC then why has BTC stayed down and even down more than it was yesterday?
Where did every ones BCH profits go if not to BTC or are we attributing this to Polo
Where did every ones BCH profits go if not to BTC or are we attributing this to Polo
Does anyone know if exchanges like Poloniex will show a balance of BCH equivalent to BTC? It seems like they should but I am having trouble accessing my Poloniex account right now.
Didn't they do this with ETH and ETC or am I mistaken about that (I actually didn't have any ETH with them at the time). If not then I guess we can't get any BCH for Bitcoin held on Poloniex.
Well it's just an artificial pump.
The real deal is Bitcoin and we all know where it's headed.
Bitcoin Cash? Just another altcoin.
The real deal is Bitcoin and we all know where it's headed.
Bitcoin Cash? Just another altcoin.
+1 the bitcoin cash is in order to separate the opinions that are against the protocol of core IIRC, those artificial pump are just illusions and not even useful for the stability of bitcoin cash.
Don't think BCC is dumped, price pretty strong sometimes, although I am wondering if it is real.
Mostly artificial just to entice the market and make them believe that there is substantial support price wide for BCC. Most of the miners I know here in our area sold theirs immediately after receiving them on the fear of BCC losing value rapidly without them having to profit off of it.
So seeing as though everyone (the majority) seemd to say they were going to sell their BCH and buy more BTC then why has BTC stayed down and even down more than it was yesterday?
Where did every ones BCH profits go if not to BTC or are we attributing this to Polo
Where did every ones BCH profits go if not to BTC or are we attributing this to Polo
there's still around 1k block of signalling period, Dont u think after a few days it will reach 100% and the price of btc will pump again? I think so. Right now the market price is still stable around $2,7k while the price of BCH is growing. And after the signalling of bip141 reach 80% and above, the price of btc will pump and the BCh will face a huge drop. I just argue like this.
Many people buy btc because it's tempted by a bch promotion, most of them sell their altcoin for it, and once they get bch and end up selling then what they do is buy back altcoin, the perception of people that bitcoin will skyrocket it is not true because of this. Only responsive action to return to altcoin.
there's still around 1k block of signalling period, Dont u think after a few days it will reach 100% and the price of btc will pump again? I think so. Right now the market price is still stable around $2,7k while the price of BCH is growing. And after the signalling of bip141 reach 80% and above, the price of btc will pump and the BCh will face a huge drop. I just argue like this.
fair enough, makes sense and that's why this thread is good to talk about these things that people are not aware of as I have seen a lot of talk about BTC going down in price.
So seeing as though everyone (the majority) seemd to say they were going to sell their BCH and buy more BTC then why has BTC stayed down and even down more than it was yesterday?
Where did every ones BCH profits go if not to BTC or are we attributing this to Polo
Where did every ones BCH profits go if not to BTC or are we attributing this to Polo
there's still around 1k block of signalling period, Dont u think after a few days it will reach 100% and the price of btc will pump again? I think so. Right now the market price is still stable around $2,7k while the price of BCH is growing. And after the signalling of bip141 reach 80% and above, the price of btc will pump and the BCh will face a huge drop. I just argue like this.
Not sure who said it was dead. I think it is doing better than most people expected. The problem with big pump and dumps like yesterday though its it takes longer to rebuild confidence. People get burned when they panic sell so they are hesitant to buy back into the coin that burns them.
Even those that didn't invest become hesitant as they are unsure if it will do it again and if it has reached its peak for the time being for that reason.
Even those that didn't invest become hesitant as they are unsure if it will do it again and if it has reached its peak for the time being for that reason.
450 is a very far price from dead, im not sure how one can say its dying.
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