Huge shameless fud manipulation and shill campaign to pump bch and discredit btc. Will dump soon....but i've been saying that to myself for a week and more folk keep falling for the fud...gonna be very messy i think.
Manipulation is the only explan that people can say about this incredible pump. Currently the price for BCC is 1335$ and it's 50% growth from yesterday. Meanwhile Bitcoin is keep dropping... Can it really catch 10k$ price by Christmas as many of users predicting? I am not sure. 
Topic: explanation of BCH (Read 616 times)
Sometimes people aren't doing things for reason, but they do because others are doing the same. People may argue BCH rising because it has more utility than BTC due to low fees, bla bla. But is BCH the only solution to BTC scalable issue? Aren't those 90-95 red coins among Top 100 coinmarketcap coins faster than Bitcoin and much cheaper than both BTC and BCH in terms of fees?
True, but there is a shitload of sha256 mining equipment around the world that is looking for the most profitable coin to point towards. BCH is looking more and more likely to win that mining hashrate.
Without majority mining hashrate, BTC is dead. Same can be said for B2X as it stands currently. BCH will survive and thrive no matter what happens with hashrate (new diff algo on Nov 13 maintains 10min blocks much better)
https://www.coindesk.com/bitcoin-cash-developers-set-date-november-hard-fork/
Even though BCH mining seems more profitable at the moment, miners shift can't guarantee that users will shift to BCH too. As a result, BTC will sustain and when load of miners reduces on BTC, it will once again turn profitable mining option. So this cycle will revolve again and BTC will rise again.
I honestly don't feel promoting BCH is solution to BTC scalablilty issue, in any way.
Sometimes people aren't doing things for reason, but they do because others are doing the same. People may argue BCH rising because it has more utility than BTC due to low fees, bla bla. But is BCH the only solution to BTC scalable issue? Aren't those 90-95 red coins among Top 100 coinmarketcap coins faster than Bitcoin and much cheaper than both BTC and BCH in terms of fees?
True, but there is a shitload of sha256 mining equipment around the world that is looking for the most profitable coin to point towards. BCH is looking more and more likely to win that mining hashrate.
Without majority mining hashrate, BTC is dead. Same can be said for B2X as it stands currently. BCH will survive and thrive no matter what happens with hashrate (new diff algo on Nov 13 maintains 10min blocks much better)
https://www.coindesk.com/bitcoin-cash-developers-set-date-november-hard-fork/
Sometimes people aren't doing things for reason, but they do because others are doing the same. People may argue BCH rising because it has more utility than BTC due to low fees, bla bla. But is BCH the only solution to BTC scalable issue? Aren't those 90-95 red coins among Top 100 coinmarketcap coins faster than Bitcoin and much cheaper than both BTC and BCH in terms of fees?
This is just a systematic pump from group of miners who created buzz about BCH by announcing their shift from BCH to BTC. People consider it as BCH triumph over BTC and started buying BCH. This is very delicate bubble and will burst very soon!
c&p of my post to another thread:
40-50% of 24h BCHvolume coming from one korean exhange:
and yes, pair is BCH-KRW :
https://coinmarketcap.com/currencies/bitcoin-cash/#markets
oh, and top six has three exhanges with BCH-KRW...
looks legit forming of a value
Lol, Nice one.
This is just a systematic pump from group of miners who created buzz about BCH by announcing their shift from BCH to BTC. People consider it as BCH triumph over BTC and started buying BCH. This is very delicate bubble and will burst very soon!
c&p of my post to another thread:
40-50% of 24h BCHvolume coming from one korean exhange:
and yes, pair is BCH-KRW :
https://coinmarketcap.com/currencies/bitcoin-cash/#markets
oh, and top six has three exhanges with BCH-KRW...
looks legit forming of a value
Lol, Nice one.
I don't know what to do with my BCH at 1200. I think i will sell off
its maybe because of segwit2x was cancelled ;(
I'm not in the bch camp. But the way some people are reacting to it seems like they are viewing bch as a threat. Which I think it isn't.
Hi guys i was few day away and now i am back , sitting in my room and watching coinmarketcap and telling my self what the f**k is happening with BCH ? Can someone explain be what is behind ? i am so confused
The reason of the Bitcoin Cash rapid price increase is a market manipulation. After Mike Belshe announced that Segwit2x is cancelled its supporters sell their Bitcoins and switched to Bitcoin Cash. And now they are encouraging some investors to move out of Bitcoin and follow them, most of Bitcoin Cash volume is on a Korean exchange and fall from market manipulation. This is just temporary gain for BCH and will crash very soon, trust me this is a pump and dump plan. We have been in situation like this before, Bitcoin will recover.
Bitcoin cash is just random fork of bitcoin. Currently market is heavily manipulated and people started buying all these bitcoin cash which has no use, at all. Coin is even worse than litecoin. It is pumped as hell.
Hi guys i was few day away and now i am back , sitting in my room and watching coinmarketcap and telling my self what the f**k is happening with BCH ? Can someone explain be what is behind ? i am so confused
The reason of the Bitcoin Cash rapid price increase is a market manipulation. After Mike Belshe announced that Segwit2x is cancelled its supporters sell their Bitcoins and switched to Bitcoin Cash. And now they are encouraging some investors to move out of Bitcoin and follow them, most of Bitcoin Cash volume is on a Korean exchange and fall from market manipulation. This is just temporary gain for BCH and will crash very soon, trust me this is a pump and dump plan. We have been in situation like this before, Bitcoin will recover. im thanking with this coz my BCH it took a lot of time waiting for the time like this, maybe i should cash it out since BTC is low, and better chances to buy btc at this moment,
I cashed out my bcc last night around $1000. I don’t think the fundamentals are there to sustain that price right now. If it keeps going up well at least I got myself a free $1000 ( best airdrop ever).
In the long term i think bcc will do well. Roger Ver and Co won’t let it die, because they invested too much money and ego into it. But it will come down hard in my opinion before it finds a sustainable price.
this was a planned pump for bitcoin cash. they even warned about it and that made things easier. back when the SegWit was being activated through NYA agreement in August they said they will switch to bitcoin cash if the 2 MB had fork didn't happen and that is now causing some pump.
lots of speculation around which is also leading to all the FOMO buys and are making the pump even bigger and forming a much bigger bubble now. and the funny thing is, when the bubbles become big like this and they attract a lot of attention, they become even bigger since new investors come in and start FOMO buying.
lots of speculation around which is also leading to all the FOMO buys and are making the pump even bigger and forming a much bigger bubble now. and the funny thing is, when the bubbles become big like this and they attract a lot of attention, they become even bigger since new investors come in and start FOMO buying.
im thanking with this coz my BCH it took a lot of time waiting for the time like this, maybe i should cash it out since BTC is low, and better chances to buy btc at this moment,
Well bitcoin cash have good block size of 2mb which bitcoin would have to if Segwit2x hadn't cancelled i think that block size and very low transaction fees has made investors and miners to switch to bitcoin cash from Bitcoin causing rise in bitcoin cash.But i do think that people will switch back to bitcoins after making some profits from bitcoin cash.
Hi guys i was few day away and now i am back , sitting in my room and watching coinmarketcap and telling my self what the f**k is happening with BCH ? Can someone explain be what is behind ? i am so confused
Very simple, Jihan Wu and his equiry team are trying to make price manipulation with the dream of eliminating BTC. For this, they need to create hype for BCH and that's what they're doing.
They're plannin to create a BCH world under their own control to make them 100x more rich.
Hi guys i was few day away and now i am back , sitting in my room and watching coinmarketcap and telling my self what the f**k is happening with BCH ? Can someone explain be what is behind ? i am so confused
BCH is experiencing tremendous improvement at this time. I can not see the cause of the BCH price increase, but this has a great impact on the Bitcoin price. the current price of Bitcoin has experienced a correction of more than 500 $. I hope there will be no more price declines and everything is back to normal before the fork occurs. Hey, I made a similar post where someone could explain it pretty well.
Segwit2x suspension / cancellation is driving people/traders/miners who really do want a larger blocksize and lower fees
towards Bitcoin Cash (which has 8mb blocksize and lower fees).
I think some cash will also flow to Dash now, which will soon have 2mb blocksize and pretty much the lowest fees of them all.
This is a battle of value of store (Bitcoin) versus value of usability (Bitcoin Cash / Dash)
I think it's also now a big pump and dump, because Bitcoin Cash already had a lot of them (always between 300-600$). I'm really unsure whether this is the right time to buy, because most people now tripled their money and will probably cash out soon to buy free bitcoins when it's rising again
Segwit2x suspension / cancellation is driving people/traders/miners who really do want a larger blocksize and lower fees
towards Bitcoin Cash (which has 8mb blocksize and lower fees).
I think some cash will also flow to Dash now, which will soon have 2mb blocksize and pretty much the lowest fees of them all.
This is a battle of value of store (Bitcoin) versus value of usability (Bitcoin Cash / Dash)
I think it's also now a big pump and dump, because Bitcoin Cash already had a lot of them (always between 300-600$). I'm really unsure whether this is the right time to buy, because most people now tripled their money and will probably cash out soon to buy free bitcoins when it's rising again
Thanks for the explanation!
c&p of my post to another thread:
40-50% of 24h BCHvolume coming from one korean exhange:
and yes, pair is BCH-KRW :
https://coinmarketcap.com/currencies/bitcoin-cash/#markets
oh, and top six has three exhanges with BCH-KRW...
looks legit forming of a value
Huge shameless fud manipulation and shill campaign to pump bch and discredit btc. Will dump soon....but i've been saying that to myself for a week and more folk keep falling for the fud...gonna be very messy i think.
totally agree here, people now think the BCH will get the same price as BTC and will just lose a lot of money. The price is also raising a lot because many miners go to BCH now till they'll just get all the cash and put it back into BTC.
Maybe it's even good for the BTC's next rise and we should use this to invest more into BTC
Hi guys i was few day away and now i am back , sitting in my room and watching coinmarketcap and telling my self what the f**k is happening with BCH ? Can someone explain be what is behind ? i am so confused
Everyone expects that bitcoin value will increased after the failure of segwit2x hard fork unfortunately this BCH has been bumping from the past 24 hours do not think that this will rise upcoming and competing bitcoin.
This splitted coin will goes to the same dump value how ever happened like later August 1st.
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