BCH price - page 3. | Bitcointalksearch.org

randythered

full member

Activity: 434

Merit: 103

Quote from: whisee on November 17, 2017, 11:42:52 AM

why BCH price down fast after break many numbers Huh

why it rise again after back to 800$ Huh

It is just part of a common trend, something pumps too quick and inevitably crashes back down afterwards, try not to think of it in terms of crashing from 2.5k to 1k and instead consider it was only 400 usd a matter of days ago.

xypos

sr. member

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Quote from: whisee on November 17, 2017, 11:42:52 AM

why BCH price down fast after break many numbers Huh

why it rise again after back to 800$ Huh

It was a bubble. Every single bubble will pop eventually one way or another. With BCH it rose by 150-200% in one day, something that is definitely not going to be a sustainable level for the long term. So the dump essentially took the price down to around the starting level.

Now that it is significantly cheaper than when it was at its ATH, if you believe in BCH's future you could buy at a much better rate.

But for me, i don't believe in BCH. So it's up to you.

thompshma

sr. member

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Merit: 250

Because it was an unsuccessful pump to gain power. It has more room to drop.

kryptqnick

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Quote from: Quarknet on November 17, 2017, 01:34:26 PM

Quote from: whisee on November 17, 2017, 11:42:52 AM

why BCH price down fast after break many numbers Huh

why it rise again after back to 800$ Huh

It has risen too fast. I think it will consolidate at the current level for a few weeks.

Exactly. There was just no way of bch rising so much and staying with the price it achieved. I don't think the coin is good but there are many people who are pretty confident about it and that's enough for bch to be on its high position and probably even rise a lot once in a while. If you (op) bought the coins on high prices - I guess it's too bad, because we are not likely to see such price changes with bitcoin cash in the near future. I suggest you to concentrate on other coins on the market.

Quarknet

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