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Topic: Bitcoin Cash is pumping, why? - page 2. (Read 231 times)

member
Activity: 2044
Merit: 16
July 01, 2023, 07:37:37 AM
#9
Maybe it's an indications that altseason is coming as well? I said this because my altcoins portfolio is increasing as well especially on XLM token that I hold. For BCH, it might have a good reason to make the pump and it's a good thing for holders to see BCH is going alive again despite the bear market right now. I don't mind pumps as long as major altcoins will follow as well.
legendary
Activity: 3178
Merit: 1054
July 01, 2023, 01:51:23 AM
#8

seem a happy ending for Roger Ver. EDX supported his forked coin and yes he still made it. so it wouldn't also be surprising to see blackrock will also be forking BTC. it's going to be hard for them to accept coinbase will be holding them by the neck when the spot ETF will be approved. Litecoin had soared high as well. i think it will beat its last ATH back in 2017. these institutions are going to pump all coins.
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
July 01, 2023, 01:27:39 AM
#7
I have read some information about the cause of BCH increase recently, such as the announcement of EDX listing four cryptocurrencies as Bitcoin, Ethereum, Litecoin and BCH. So BCH has benefited a lot from that, whale wallets have not stopped buying Bitcoin Cash recently. This has stimulated many retail investors to pay attention and fomo into BCH.
So that's one main reason why BCH has got a pump. I guess this has made a lot of holders of it get some hope. The ATH is totally far from the current that it has got. And with this EDX listing then there is a possibility that it will pump the volume that shall give the price on it to increase.

And I also just saw some information regarding trading activities on Korean exchanges. https://twitter.com/WuBlockchain/status/1674614453231562755
That's likely a combination of these sets of news that rotates for its pump but whenever bitcoin gets a drop, it's gonna get a bigger drop.
hero member
Activity: 2408
Merit: 584
June 30, 2023, 11:59:53 PM
#6
I only begun to notice when people in social media were saying to stop shorting it to avoid causing a short squeeze which will only cause it to pump higher.

I am not quite certain why it is pumping, however, there are rumors that TUSD is being printed to pump Bitcoin Cash. I will collect more information and share them in this thread. If anyone has news, rumors and speculations on why this is happening, please share them.
I'm not sure about BCH but I saw LTC pumping pretty hard just a moment ago, I've been away from the market and charts for a couple of days and just saw that LTC is up about 11% and I was surprised because Bitcoin or the market didn't really move that much, I don't follow development and news about LTC so I'm not really sure what is the reason behind this sudden pump, if anyone has any idea, let me know as well.

Generally, altcoins are way more sensitive than Bitcoin when it comes to market movements, when Bitcoins move 1%, altcoins tend to move about 5% to 7% whether it's on the positive side or the negative side, and sometimes, some altcoins move way faster than they usually do, that's why they are more risky as well.
hero member
Activity: 812
Merit: 560
June 30, 2023, 10:02:49 AM
#5
I only begun to notice when people in social media were saying to stop shorting it to avoid causing a short squeeze which will only cause it to pump higher.

I am not quite certain why it is pumping, however, there are rumors that TUSD is being printed to pump Bitcoin Cash. I will collect more information and share them in this thread. If anyone has news, rumors and speculations on why this is happening, please share them.

With cryptocurrency news, it's either we choose the side of believing whatever the news or people around the world say or we work strictly on our own personal research and findings, on a normal day, if there's no any correlation between bitcoin cash and the TUSD the market will remain volatile and still pump and dump, should we now rely on relating one event to the other linking them as possible reasons behind every occurrences in cryptocurrency, we may never finished this.
legendary
Activity: 1624
Merit: 2594
Top Crypto Casino
June 30, 2023, 05:57:04 AM
#4
Yes. From what I've seen on various news sources, EDX Markets has recently gone live and is now providing Bitcoin Cash as one of the cryptocurrencies available on their platform. EDX is supported by major players like Charles Schwab, Fidelity, and Citadel. They have opted to start with a relatively small range of digital assets to offer their users. Just four cryptocurrencies: Bitcoin, Ether, Bitcoin Cash, and Litecoin.

https://www.cnbc.com/2023/06/20/crypto-exchange-backed-by-schwab-and-fidelity-goes-live.html


Btw, It looks like Litecoin has started pumping as well.
sr. member
Activity: 1988
Merit: 254
PredX - AI-Powered Prediction Market
June 30, 2023, 03:40:45 AM
#3
I have read some information about the cause of BCH increase recently, such as the announcement of EDX listing four cryptocurrencies as Bitcoin, Ethereum, Litecoin and BCH. So BCH has benefited a lot from that, whale wallets have not stopped buying Bitcoin Cash recently. This has stimulated many retail investors to pay attention and fomo into BCH.
And I also just saw some information regarding trading activities on Korean exchanges. https://twitter.com/WuBlockchain/status/1674614453231562755
legendary
Activity: 2156
Merit: 1622
June 30, 2023, 01:00:00 AM
#2
Its not the first time when dead shitcoins pumps x3 just to dump right after. Why is it happening?

dead volume/low liquidity shitcoin + market manipulation + human greed + short squeez

TUSD has actually pumped in the marketcap recently, but in my opinion it is more of a fact that capital is moving from BUSD through the SEC attack than as a BCH pumping machine.

I only begun to notice when people in social media were saying to stop shorting it to avoid causing a short squeeze which will only cause it to pump higher.

So don't talk about this. The only thing we do right now is giving pump and dump scammers more attention.
legendary
Activity: 3010
Merit: 1460
June 29, 2023, 10:51:38 PM
#1
I only begun to notice when people in social media were saying to stop shorting it to avoid causing a short squeeze which will only cause it to pump higher.

I am not quite certain why it is pumping, however, there are rumors that TUSD is being printed to pump Bitcoin Cash. I will collect more information and share them in this thread. If anyone has news, rumors and speculations on why this is happening, please share them.
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