Bitcoin Cash - why up | Bitcointalksearch.org

ulhaq

sr. member

Activity: 503

Merit: 286

Quote from: rainangel7 on October 29, 2017, 09:12:38 AM

Just saying, this answer was asked more than 4 times, next time search for it here in the forum Wink

Sorry, no, this post was made before the others. And it is the only one devoted to this particular bitcoin cash price increase; as mentioned half of the volume is in South Korea.

pabpete

sr. member

Activity: 539

Merit: 255

Quote from: diguyo on October 29, 2017, 09:41:11 AM

Lot of people say it's just a pump n dump coin because they're protective over BTC and literally anything else is a 'shitcoin'. Ultimately, they'll be the ones to lose it at some point, as it won't be BTC that becomes mainstream, the biggest driver is the blockchain technology.

Anyhow, I digress. Cash may be pumping at the moment due to what others have mentioned - BitPay CEO's comments, people becoming frustrated with bitcoin's fees, a very solid mining support. Make no mistake, whilst BCH may not reach BTC levels, it's certainly no BTG.

Maybe yes and maybe not. It is like with most of coins - 50% and 50% that the price will rise or fall. Better is invest in solid coins than gambling with Bitcoin Cash.

diguyo

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Activity: 274

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Lot of people say it's just a pump n dump coin because they're protective over BTC and literally anything else is a 'shitcoin'. Ultimately, they'll be the ones to lose it at some point, as it won't be BTC that becomes mainstream, the biggest driver is the blockchain technology.

Anyhow, I digress. Cash may be pumping at the moment due to what others have mentioned - BitPay CEO's comments, people becoming frustrated with bitcoin's fees, a very solid mining support. Make no mistake, whilst BCH may not reach BTC levels, it's certainly no BTG.

Bulletdodger

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Activity: 337

Merit: 250

Indeed, pnd scheme at its worst. Oh well...

fedor3327

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Passionate about Crypto

BCH never ceases to amaze me. I still have no idea why one would buy BCH and not BTC??

The only reason it can be up is because of speculation. Nothing else.

alexzorgo

full member

Activity: 630

Merit: 103

Quote from: vincentvincent on October 28, 2017, 01:59:25 PM

It is just a total shitcoin. Roger Ver is pumping his toy.

I completely agree. With such capital it is possible to pump any shitcoin. Roger Ver doesn't spend time in vain to reap a crop from newbies. He lures them the speculation

Bulletdodger

sr. member

Activity: 337

Merit: 250

There was a theory bch went up deliberately to steal the hash rate away from the core, with regards to the soon to come s2x fork.
Who knows what is right.

Berk

member

Activity: 99

Merit: 21

Quote from: Krishan_94 on October 29, 2017, 09:10:15 AM

I think this is the year most of people get to know about bit coins and start investing on it.. It may be the main reason.. This can be this year buble too..

Maybe but Bitcoin cash is separate to Bitcoin. Bitcoin cash is likely just a pump and dump coin and it will be forgotten about in a year.

aroweyen

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Activity: 182

Merit: 102

I was thinking its just pump and dump but I guess BCH is valuable in some ways

rainangel7

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Merit: 10

Just saying, this answer was asked more than 4 times, next time search for it here in the forum Wink

Krishan_94

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I think this is the year most of people get to know about bit coins and start investing on it.. It may be the main reason.. This can be this year buble too..

alyssa85

legendary

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Several reasons. First, if you want to buy the new Bitmain ASIC miners that were released a few weeks ago, you need bitcoincash, because they won't accept payment in any other coin.

Then the Bitpay CEO mentioned that he was considering adding bitcoincash to their payment options. If segwit2x doesn't happen, they'll go ahead, because they are fed-up of the high fees on bitcoin.

suvo05

sr. member

Activity: 1162

Merit: 260

My all BCH have been sold today!! I got my forked bitcoin cash little late from my wallet so I have missed the good opportunity to sale it. Now I don't want to lost the opportunity this time so all BCH sold.

vincentvincent

sr. member

Activity: 285

Merit: 251

aaaaaand dump
https://themerkle.com/bitcoin-cash-price-pumps-starts-losing-steam-as-value-drops-by-70-in-an-hour/

tomahawk9

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Cats on Mars

Quote from: ulhaq on October 28, 2017, 01:57:10 PM

Why is the value of bitcoin cash going up so much the past couple days? At least half the volume is in South Korea, is there a local factor there that is causing the rise, or is it just a pump?

I don't follow Bitcoin Cash that much, but most of the major altcoins are getting green numbers, their prices are going up but it is true that Bitcoin Cash is the one with highest surge in its price in the last 24h (up +10%).

But I think it has something with how Coinify (Denmark-based bitcoin platform) has accepted Bitcoin Cash to their payment system, meaning that a bunch of restaurants and food delivery services in Denmark are now accepting BCC for payment via Coinify.

Tipstar

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The coin has real backing by large miner and pools like bitmain and viabtc.
And SHA256 miners are active switching between bitcoin and bitcoincash whichever is more profitable.

vit05

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BItmain is only accepting payment using this coin. And some exchange and wallet just started do give the credit to the users.

eckmar

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Quote from: hosseinimr93 on October 28, 2017, 02:31:42 PM

Bitcoin Cash is one of best altcoins with good future. Although, all of coins had been distributed for free, it didn't dead and it can be very profitable. I expect the price to rise very much. But I don't know what is the reason of current price rise.

I don't see how it have good future ? It's copy paste of bitcoin with changed settings. Copies are never going to be as good as original that's a fact.

hosseinimr93

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Bitcoin Cash is one of best altcoins with good future. Although, all of coins had been distributed for free, it didn't dead and it can be very profitable. I expect the price to rise very much. But I don't know what is the reason of current price rise.

Crypington

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I'm pretty indifferent towards Bitcoin Cash, but it's fees are a tiny fraction of Bitcoin's, so it does have some value, there. It is also still the top 5 for market cap and has the second highest value per coin of the top 100, only behind Bitcoin.

Topic: Bitcoin Cash - why up (Read 781 times)