BTC price decreases and BCH increases sharply, why? - page 3.

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

Quote from: leitsme on December 20, 2017, 08:57:05 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??

For me this looks normal only because the movement of digital currency is very difficult to predict. It could be some time before all things turn around. We do not know what happened, but it is certainly the demand factor that makes the greatest impact on the price movement of Bitcoin and BCH. If you believe in a coin then I think you should try to wait some time to do the best analysis.

SauteedEntrails

newbie

Activity: 22

Merit: 0

exactly

BossMacko

hero member

Activity: 1134

Merit: 502

Quote from: leitsme on December 20, 2017, 08:57:05 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 really don't advised that you sell your Bitcoin now, Whales selling their BTC and Buying BCH is part of their tactics to get income, and they are the only person who can do that since they can control the market with their large bankroll of crypto. But do not worry because they will be selling their BCH again and going to buy BTC again to gain more profit and Bitcoin price will still rise in the future.

SauteedEntrails

newbie

Activity: 22

Merit: 0

it was probly just the ppl freaking out about btc futures being halted due to SEC. now they are moving funds to bch
also agree with bustedclub

BUSTEDCLUB

member

Activity: 65

Merit: 10

just another pump and dump game, peeps try to make more money, thats all.

scottykarate

member

Activity: 70

Merit: 10

Quote from: leitsme on December 20, 2017, 08:57:05 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 wouldn't. I don't want to try to figure out what Ver/Coinbase and his cronies are up to and have to worry about knowing when to bail back out of BCH and try to buy back into BTC at a decent price.
I guess it depends on your tolerance for potential loss either way.

leitsme

newbie

Activity: 15

Merit: 0

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??

Topic: BTC price decreases and BCH increases sharply, why? - page 3. (Read 466 times)