BTC price decreases and BCH increases sharply, why?

rosepetals

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Quote from: Mometaskers on December 20, 2017, 11:33:39 AM

No, don't sell your BTC. Do try to sell your BCH if you can.

This is more about Coinbase announcing they'd start accepting BCH immediately. I believe the news before was that it would take them up to January to be ready for it. Which they then halted (was selling for as high as $9000).

I think heres the 2nd attempt of bch ceo manipulations where bch has taken advantage the incoming peak season.Another decrease of btc price..its not panic time as what had happen the last time bitcoins recover fast and after that dumps theres a rapid growth in bitcoins price and now lets see where bitcoins price will reach,if its manipulated or not still btc would recover and might surpass in our expectations.

bitllionaire

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Quote from: ihaveaquestion on December 21, 2017, 01:36:54 AM

Bitcoin is going up right now, well , it is not touching a new all time high again, but it is slowly recovering from the last dump. $17,200 and it is still going up.
Fucking Roger Ver, he really fucked us.

I do not think that decrease in the price of bitcoin for 200$ to 400$ in such a level is a big decrease. We always see fluctuation in the price of bitcoin which is very common. Currently we can see that the bitcoin price is now again increasing and hopefully will cross 20000$ today. Bitcoin cash price is increasing no doubt but still i do not think that there is any comparison between the two. Bitcoin as still too much potential and its price will continue increasing even in 2018.

ihaveaquestion

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Bitcoin is going up right now, well , it is not touching a new all time high again, but it is slowly recovering from the last dump. $17,200 and it is still going up.
Fucking Roger Ver, he really fucked us.

Vaskiy

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That's been a very steep difference between the two. Bitcoin seems to be decreased to few percentage. Same time bitcoin cash has grown more than 50% reaching a new ath above $4000. Hope the price of bitcoin cash will stabilize for a little and further can expect growth to happen with bitcoin.

pxo.011

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Quote from: leitsme on December 20, 2017, 09:57:05 AM

I wonder when the whole market dyed red but BCH increased sharply and the price of BTC fell sharply. Shark want everyone sell the BTC to buy BCH, then the shark will harvest the BCH and increase the BTC again.
Should I sell BTC now??

i think yes before its too late and wait for big day in bch in 4 to 5 years just like btc

shesheboy

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Quote from: leitsme on December 20, 2017, 09:57:05 AM

I wonder when the whole market dyed red but BCH increased sharply and the price of BTC fell sharply. Shark want everyone sell the BTC to buy BCH, then the shark will harvest the BCH and increase the BTC again.
Should I sell BTC now??

i also think that this is because of coinbase which was lately announce that they are now accepting bitcoincash to be a part of thier holdings. its not also new to see that bitcoincash has pump because it is actually happend last month and i think that someone is behind it and manipulates it. some factors i might think of is that few people were switching on bitcoincash due to its lesser fees and faster process when sending and recieving transactions. overall bitcoincash had trully a potntial that is why it can potentially increase and pump.

fenican

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I abandoned all the BTC block size and mining algorithm nonsense and moved over to Ethereum. Not looking back. And ETH lets me invest in cryptokitties Cheesy

iram1011

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Quote from: ?? on ??

Quote from: iram1011 on December 20, 2017, 01:50:54 PM

Why?
Because of high price manipulation.
Who is doing that?
Roger Ver
Why is he doing that?
Let me share a tweet here that I just read.
https://twitter.com/Bitcoin_Bullet/status/943530356178804736

BCH is a pump and dump coin nicely being used by Roger Ver by occasionally manipulating the price. This tweet sums up the story very well.

Really people in cryptos gives lots of importance to every pump or dump now a days. BCH is nothing but a fork of bitcoin, which is of course, better than bitcoin in tech, scalability and TX speed. But again what we are forgetting is that Bitcoin has become a store of value - like gold. Bitcoincash promoting itself superior to bitcoin on all the traits related to currency, this comparison is flawed.

I don't understand where does the potential comes in picture.

According to you core minions Roger Ver is broke, he lost all his money in the previous pumps. Decide already or admit the truth, there's lots of people buying BCH. You lost.

He is broke? I never said that. Wasn't he the one who made shit load of money on last pump? Those ""lots of people"" were buying BCH in last pump also. Why didn't that pump sustain? Why BCH came back to 0.1 btc? Wait for a day or two. Same gonna happen again. All those lots of people came in BCH because of Coinbase listing. Soon cash flow will be back to BTC. People buy in rumor and sell on news!

If you are in BCH, book profit and exit.

CryptosapienZA

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Because people are dumping btc and pumping BCH.. Its their money, they can do whatever hell they want. My portfolio is intact, I am happy with the pump. I have made a whole lot of money.

lighpulsar07

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Yeah it is bizarre that only bitcoin cash the only rising coin while other cryptocurrencies in coinmarketcap had a price drop does it mean that the whales are pumping bitcoin cash? if it is then this is a huge price manipulation by whales especially roger ver he can change the market with his huge amount of bitcoins. Anyways you should sell your BCH now it might crash sooner or later

shouter

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Quote from: Wicked17 on December 20, 2017, 01:37:30 PM

Quote from: leitsme on December 20, 2017, 09:57:05 AM

I wonder when the whole market dyed red but BCH increased sharply and the price of BTC fell sharply. Shark want everyone sell the BTC to buy BCH, then the shark will harvest the BCH and increase the BTC again.
Should I sell BTC now??

Its already happened before, their playing again with the price of bitcoin and bitcoin cash to make some profit. Be careful with your move, if i were you i will not sell my bitcoin because in the next few days bitcoin will bounce back again. We have to be patient all bitcoin loyalist.

Yes, that makes sense. I also like that idea, and as everyone says (which I personally believe to be the right one) Bitcoin is an investment for the long term. Soon I would not sell because there was some downfall, I have no doubt it will rise again.
As for the price increase of the BCH, what I think about, is that this is not bad, as it makes it clear that Cryptocurrencies are definitely the future of currencies,
but Bitcoin will always be ahead

iram1011

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Why?
Because of high price manipulation.
Who is doing that?
Roger Ver
Why is he doing that?
Let me share a tweet here that I just read.
https://twitter.com/Bitcoin_Bullet/status/943530356178804736

BCH is a pump and dump coin nicely being used by Roger Ver by occasionally manipulating the price. This tweet sums up the story very well.

Really people in cryptos gives lots of importance to every pump or dump now a days. BCH is nothing but a fork of bitcoin, which is of course, better than bitcoin in tech, scalability and TX speed. But again what we are forgetting is that Bitcoin has become a store of value - like gold. Bitcoincash promoting itself superior to bitcoin on all the traits related to currency, this comparison is flawed.

I don't understand where does the potential comes in picture.

sobriket

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This is just pure hype, it has been happening since a lot of time, only those who were still holding their bitcoin cash are the ones who are the lucky ones.
It is just a switching game, they are never going to be the real bitcoin (and that is why they are trying to do) so dont need to worry about.

Wicked17

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Quote from: leitsme on December 20, 2017, 09:57:05 AM

I wonder when the whole market dyed red but BCH increased sharply and the price of BTC fell sharply. Shark want everyone sell the BTC to buy BCH, then the shark will harvest the BCH and increase the BTC again.
Should I sell BTC now??

Its already happened before, their playing again with the price of bitcoin and bitcoin cash to make some profit. Be careful with your move, if i were you i will not sell my bitcoin because in the next few days bitcoin will bounce back again. We have to be patient all bitcoin loyalist.

ChinkyEyes

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Quote from: shamzblueworld on December 20, 2017, 12:00:58 PM

Apart from the view that the whales are just maneuvering, one reason for bitcoin cash rising could be the people actually are starting to use it more often, due to its benefits over bitcoin.
People are to use alts for transactions, so why not a bitcoin fork, seems more appropriate to use it actually.
Fast transactions, low fees, and huge support and development back up too.

I agree, a lot of newbies who have just gotten into crypto don't even know they pay 5-10dollars for btc transaction when sending their funds between exchanges. I personally have been using, ETH and LTC for transactions. But from now on I think I will use bitcoincash for transactions.

Vannie12

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I think you still don't understand the game. It's like the first one to sell is the loser game.
Holding your bitcoins will always worth something. And that is how important holding is. Look how high bitcoin can go and it's capabilities. Are you doubting it now?
I say it's a great time to buy because there are big dumps right there. I don't understand why people are just seeing threats and not opportunities. It's very sad that everyone is affected and spreading FUD themselves.

sofi@

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I'm still giving my full trust in bitcoin although the drop is really alarming but like what is always happening I think we should not get panic and sell right away our bitcoins. I experience this panic selling mode and regret after seeing the revenge bitcoin has made and I don't want that to happen again that's why at this moment I keep holding my bitcoin and wait until the value grows again and hit a much higher amount because bitcoin always fluctuates and always appreciate no matter what.

jc89

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Quote from: leitsme on December 20, 2017, 09:57:05 AM

I wonder when the whole market dyed red but BCH increased sharply and the price of BTC fell sharply. Shark want everyone sell the BTC to buy BCH, then the shark will harvest the BCH and increase the BTC again.
Should I sell BTC now??

This exact scenario happened weeks ago that pushed Bitcoin Cash's price to 1,200+ USD. After a few days, Bitcoin began climbing again while Bitcoin Cash had its correction but recovered quickly. The price of BCH stabilizes and increased as well. The scenario last time will happen again and might happen again in our current scenario.
I suggest that you must hold your BTC for now and wait for it to increase in value before converting it to BCH.

lagista

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I think there are some possibilities between up and down BTC and BCH prices can be very drastic. may be due to demand and supply factors or it could be due to the factor of the game of large-grade traders to reap profits by making BTC and BCH prices increased and decreased. but there must be advantages and disadvantages for BTC and BCH coin holders.

ariyaromadhona96

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That was because co-founder bitcoin.com sold all his Bitcoin and invest in Bitcoincash and coinbase exchange launch. The bitcoin co founder said that nowadays Bitcoin have higher risk , because it only used not for actual purpose , it only used for profits minded people that just looking for money and profit , not for what bitcoin can offer in future . That what he said , not mine.

Topic: BTC price decreases and BCH increases sharply, why? (Read 419 times)