Topic: BTC Rollercoaster Price (Read 276 times)
The volatility is not new. What happened with BCH is a pump and dump scheme tho, and it was not done to eliminate altcoins. More such things will happen in the future for sure.
Lol! This is not fun game but it is one of the trick to get into trades and make some profits out of it. The roll coaster which you are talking here is been their since long time and people have sued it to make lots of money. Just go to coinmarektcap and look for the historical data of the bitcoin and you will see big waves of bitcoin prices, huge ups and downs in the rates where observed which is still in play today. This kind of waves or your fun games will come again surely and always remember that whenever there is fork situation then it will happen for sure. :-) Thats the starting point for the wave and once the fork is over then that the descending point for the bitcoin. So many cool tricks to work with crypto currency and same applies to others as well but on small scale.
While the weekend was very chaotic for Bitcoin, things have begun to turn around. Bitcoin has recovered much of its loss, now stabilizing well above the $7,000 mark (running $7,200 at press time). At the same time, after the remarkable gains for Bitcoin Cash the coin has begun losing steam and is slumping below $1,200, or 11 percent down since yesterday.
While many had predicted a complete swap away from Bitcoin Core and a market takeover for Bitcoin Cash, it appears that the entire weekend was ‘full of sound and fury but signifying nothing’.
While many had predicted a complete swap away from Bitcoin Core and a market takeover for Bitcoin Cash, it appears that the entire weekend was ‘full of sound and fury but signifying nothing’.
Interestingly, if you hold both Bitcoin and Bitcoin Cash, the wash up of all this activity over last weekend is that your coins are now worth significantly more. The Bitcoin price has rebounded and the Bitcoin Cash price, while it has come back a long way, is still much higher than it was last week. If you held both through the panic, well played to you.
BTC always have this tendency of roller coaster in pricing. But dont forget it was the dirty tricks of bitcoincash who played with bitcoin and put its price down.
Well just like forex you can never tell whether it will go up and down. Indeed it is a roller coaster price ride. 
Rollercoster Price.
Last week, we got some of fun between BTC face up BitcoinCash. Where BitcoinCash price boost up, other side Bitcoins was falling deep. Some people got fast profit from this. But, just in few days situation been turned and Bitcoins still at top.
Is this scenario to eleminate other altcoins? Do you think another fun will happen in future ?
This is how it goes. Whenever the market is unstable, those short traders were the one who are happy in the end of the day. Because at that scenario, they will just buy at the dip and sell whenever there's profit and buy again at the dip. Last week, we got some of fun between BTC face up BitcoinCash. Where BitcoinCash price boost up, other side Bitcoins was falling deep. Some people got fast profit from this. But, just in few days situation been turned and Bitcoins still at top.
Is this scenario to eleminate other altcoins? Do you think another fun will happen in future ?
Well regarding the price of Bitcoincash, the drama is over and BTC is now mooning. And that makes alts including this BCC die in this moment.
Rollercoster Price.
Last week, we got some of fun between BTC face up BitcoinCash. Where BitcoinCash price boost up, other side Bitcoins was falling deep. Some people got fast profit from this. But, just in few days situation been turned and Bitcoins still at top.
Is this scenario to eleminate other altcoins? Do you think another fun will happen in future ?
Last week, we got some of fun between BTC face up BitcoinCash. Where BitcoinCash price boost up, other side Bitcoins was falling deep. Some people got fast profit from this. But, just in few days situation been turned and Bitcoins still at top.
Is this scenario to eleminate other altcoins? Do you think another fun will happen in future ?
Jump to: