Whats going on with Bitcoin Cash BCH?

CYBER_COWBOY

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Quote from: AmoreJaz on July 08, 2023, 04:18:12 PM

Quote from: GreatArkansas on July 02, 2023, 11:18:24 PM

I think it all started with wall street started to open a cryptocurrency exchange composed of Citadel, Fidelity, and Charles Schwab.
And Bitcoin Cash (BCH) is included listed the cryptocurrency exchange. And that time Bitcoin Cash (BCH) started to rally.
Among all the listed cryptocurrencies on a said cryptocurrency exchange, only Bitcoin Cash (BCH) is the top mover.

in my opinion, people should be very careful in holding this forked btc. it may have been added in the list of new crypto exchanges but let's revisit its actual use case in the market. because when it comes to payment method, BTC is still on top. bch is just one of the secondary options.
this increase may be temporary so holders should not expect that this will be continuous one. should also check if there are new updates when it comes to actual developments for this alt.

That's quite good to.

AmoreJaz

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Quote from: GreatArkansas on July 02, 2023, 11:18:24 PM

I think it all started with wall street started to open a cryptocurrency exchange composed of Citadel, Fidelity, and Charles Schwab.
And Bitcoin Cash (BCH) is included listed the cryptocurrency exchange. And that time Bitcoin Cash (BCH) started to rally.
Among all the listed cryptocurrencies on a said cryptocurrency exchange, only Bitcoin Cash (BCH) is the top mover.

in my opinion, people should be very careful in holding this forked btc. it may have been added in the list of new crypto exchanges but let's revisit its actual use case in the market. because when it comes to payment method, BTC is still on top. bch is just one of the secondary options.
this increase may be temporary so holders should not expect that this will be continuous one. should also check if there are new updates when it comes to actual developments for this alt.

CYBER_COWBOY

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Don't talk the talk, if you can't walk the walk.

Quote from: m2017 on July 08, 2023, 12:05:26 PM

Quote from: CYBER_COWBOY on June 26, 2023, 03:11:44 PM

BCH is going up insane at the moment, I just found it out like 2-3 days ago that it had go up then it was like 40% last 24 hours.

Yes, indeed. On June 20, a strong growth of BCH began. Even with some decline over the last week, the overall increase over 2 weeks is quite significant. I wouldn't even notice it if it wasn't for your topic.

Quote from: CYBER_COWBOY on June 26, 2023, 03:11:44 PM

I founded it rare that a common crypto currency go up that much in such so short time. I have never owned any BCH until a couple of days ago I bought some.

Did you fall for this little hype around BCH? Quite possibly, because of people like you (buyers who saw growth), this price increase has been fueled.

Quote from: CYBER_COWBOY on June 26, 2023, 03:11:44 PM

Then today when I logged in to see how much is was worth it had go up 16.11% last 24 hours!

So your spontaneous investment in BCH turned out to be successful? You don't plan to hold it for long and get rid of BCH at the first (profitable) opportunity, right?

Quote from: CYBER_COWBOY on June 26, 2023, 03:11:44 PM

"Bitcoin Cash Price Jumps to One-Year High Fueled by Spiking Social Interest, Exchange Support
With today’s 17% gain, BCH has now more than doubled in the week since it was listed on EDX Markets, a new crypto exchange backed by financial heavyweights."

That means what's the matter. Another positive news background spurred the purchase of BCH, which caused a sudden increase in the price.

Quote from: CYBER_COWBOY on June 26, 2023, 03:11:44 PM

Up around 100% last month.
Up around 67% last five days.
Up around 18% last 24 hours.

Every peak rise is followed by an equally peak fall.

Quote from: CYBER_COWBOY on June 26, 2023, 03:11:44 PM

Last 24 hour when BTC and other currencies have got minus, BCH just shining like never before.

Why this is happening is of course impossible to say, but maybe should we learn something about this for the future, i will check this up for the close future.

EDIT 30/06-23

296,50USD
+183,18 (161,65 %)
past month

It was a good opportunity for speculation.

I bought total one BCH under three different times. My profit is now around $63.
I haven't sold anything yet.

m2017

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Quote from: CYBER_COWBOY on June 26, 2023, 03:11:44 PM

BCH is going up insane at the moment, I just found it out like 2-3 days ago that it had go up then it was like 40% last 24 hours.

Yes, indeed. On June 20, a strong growth of BCH began. Even with some decline over the last week, the overall increase over 2 weeks is quite significant. I wouldn't even notice it if it wasn't for your topic.

Quote from: CYBER_COWBOY on June 26, 2023, 03:11:44 PM

I founded it rare that a common crypto currency go up that much in such so short time. I have never owned any BCH until a couple of days ago I bought some.

Did you fall for this little hype around BCH? Quite possibly, because of people like you (buyers who saw growth), this price increase has been fueled.

Quote from: CYBER_COWBOY on June 26, 2023, 03:11:44 PM

Then today when I logged in to see how much is was worth it had go up 16.11% last 24 hours!

So your spontaneous investment in BCH turned out to be successful? You don't plan to hold it for long and get rid of BCH at the first (profitable) opportunity, right?

Quote from: CYBER_COWBOY on June 26, 2023, 03:11:44 PM

"Bitcoin Cash Price Jumps to One-Year High Fueled by Spiking Social Interest, Exchange Support
With today’s 17% gain, BCH has now more than doubled in the week since it was listed on EDX Markets, a new crypto exchange backed by financial heavyweights."

That means what's the matter. Another positive news background spurred the purchase of BCH, which caused a sudden increase in the price.

Quote from: CYBER_COWBOY on June 26, 2023, 03:11:44 PM

Up around 100% last month.
Up around 67% last five days.
Up around 18% last 24 hours.

Every peak rise is followed by an equally peak fall.

Quote from: CYBER_COWBOY on June 26, 2023, 03:11:44 PM

Last 24 hour when BTC and other currencies have got minus, BCH just shining like never before.

Why this is happening is of course impossible to say, but maybe should we learn something about this for the future, i will check this up for the close future.

EDIT 30/06-23

296,50USD
+183,18 (161,65 %)
past month

It was a good opportunity for speculation.

ElmedoRator

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It is a fact that I feel that the fomo with it is still very jubilant, people discuss the price and next trend when it is pumped, there are many sources and reasons that we know at what about BCH, at the moment some names other than BCH that benefited previously also have some other names, but it is clear that the mainstream is still being led by bitcoin, its volatility really affects strongly influenced even altcoins to be pumped/dumped.

wxa7115

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Quote from: savetheFORUM on July 05, 2023, 02:08:05 PM

Quote from: mich on July 02, 2023, 03:48:16 AM

Well I am happy to say I still hodl the coins from the fork from 2017. This is not a coin that I ever did trade but I did think to hodl it over all this time.
It is because of the South Korean exchange Upbit for these profits. There has been a lot of trading going on over there with 3.5 times more then at other exchanges.
https://www.coindesk.com/markets/2023/06/30/bitcoin-cash-tops-300-amid-surge-in-trading-volumes-in-south-korea/

Congrats because you manage to HODL your Bitcoin Cash this long but will you get tempted to sell it this time? If I were you I think I will sell some and observe if many pumps are going to come, that should be the time to sell again and so on. If you like, you can still re-buy when there is a dump that will happen. So many factors are linked about the increase of Bitcoin Cash.

I'm not sure if Upbit is the first one because I already saw another reason last time. If I'm not mistaken it is said TUSD if printing more money to buy or manipulate Bitcoin Cash. Maybe Upbit users only spot it and that makes the trading volume of Bitcoin Cash from this exchange grow.

This seems like a good moment to sell, some may have not touched their bitcoin cash back then as they did not knew how to claim the many forks we saw at the time or they were simply lazy to do it.

However this seems like an opportunity that people can not let go, since even if the price of bitcoin cash has presented a decent recovery, we do not know for how long this could last, and it could take years for another recovery like this to take place again.

savetheFORUM

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Quote from: mich on July 02, 2023, 03:48:16 AM

Well I am happy to say I still hodl the coins from the fork from 2017. This is not a coin that I ever did trade but I did think to hodl it over all this time.
It is because of the South Korean exchange Upbit for these profits. There has been a lot of trading going on over there with 3.5 times more then at other exchanges.
https://www.coindesk.com/markets/2023/06/30/bitcoin-cash-tops-300-amid-surge-in-trading-volumes-in-south-korea/

Congrats because you manage to HODL your Bitcoin Cash this long but will you get tempted to sell it this time? If I were you I think I will sell some and observe if many pumps are going to come, that should be the time to sell again and so on. If you like, you can still re-buy when there is a dump that will happen. So many factors are linked about the increase of Bitcoin Cash.

I'm not sure if Upbit is the first one because I already saw another reason last time. If I'm not mistaken it is said TUSD if printing more money to buy or manipulate Bitcoin Cash. Maybe Upbit users only spot it and that makes the trading volume of Bitcoin Cash from this exchange grow.

Godday

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BCH has made its way onto several major exchanges. This is what has caused the price to continue to rise. I think this is a positive for BCH going forward. There are some people who argue that BCH is short term hype but if it goes into the big exchange market I don't think it will be in the short term. Investing in BCH (DWYOR ) is the right thing right now.

Andrija Branislav

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Quote from: GreatArkansas on July 02, 2023, 11:18:24 PM

I think it all started with wall street started to open a cryptocurrency exchange composed of Citadel, Fidelity, and Charles Schwab.
And Bitcoin Cash (BCH) is included listed the cryptocurrency exchange. And that time Bitcoin Cash (BCH) started to rally.
Among all the listed cryptocurrencies on a said cryptocurrency exchange, only Bitcoin Cash (BCH) is the top mover.

In general it often creates excitement and When big players enter the cryptocurrency market, positive sentiment arises, which leads to increased trading activity and price movement for the listed assets. Yes. I think so in light of the recent Bitcoin Cash (BCH) Rally, including increased interest and adoption due to its listing on cryptocurrency exchanges involving leading financial institutions such as Citadel, Fidelity, and Charles Schwab.

GreatArkansas

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I think it all started with wall street started to open a cryptocurrency exchange composed of Citadel, Fidelity, and Charles Schwab.
And Bitcoin Cash (BCH) is included listed the cryptocurrency exchange. And that time Bitcoin Cash (BCH) started to rally.
Among all the listed cryptocurrencies on a said cryptocurrency exchange, only Bitcoin Cash (BCH) is the top mover.

goaldigger

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Quote from: someone703 on July 02, 2023, 10:47:25 AM

Looks like the fomo hasn't stopped yet i remember since after the event from EDX people fomo a lot about it as well as observing the whale wallets actively pushing it up i also think if bitcoin wasn't so volatile If there is a bad move, the BCH will continue to increase in price compared to the present. Although it seems to me that this is one of the rather old coins, there are times when it is unexpected to see it still receive attention from the community, and the pump/dump games still happen.

The pump goes high, and its good to those who are able to ride early well don’t be overhyped and stay focus with your goal to make profit, this will not last longer but a positive result can be a good one. BCH still one of the top coins as per market cap and its good for a project like this. Though I still see this as a follower of Bitcoin so if Btc pumps and dump, it will also follow that trend.

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Quote from: eaLiTy on July 02, 2023, 03:27:34 PM

Quote from: someone703 on July 02, 2023, 10:47:25 AM

~
Although it seems to me that this is one of the rather old coins, there are times when it is unexpected to see it still receive attention from the community, and the pump/dump games still happen.

I am not following the technical development of BCH, the hype was there when the fork happened and the debate of big blocks was ongoing but then it died out and we are not hearing much from any of the major preachers who were promoting the coin Cheesy

, either they are not updating anything here in this forum and hence i am not following their developments and i would happily invest in BTC rather than BCH.

BCH was absolutely not important to us, it has no value. It was surprising that it pumps after a few years in silence but still, this won't change the insights of the community. Yes, we expect someone behind this short pump but we never heard any news mentioning the reason why. However, there is no time of digging it, in fact, it never gives interest to the people which is why it is moving down back again. And this is really what will happen in a project that doesn't have support from the investors and traders because what the team can do is to show a fake pump but still they fail.

eaLiTy

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Quote from: someone703 on July 02, 2023, 10:47:25 AM

~
Although it seems to me that this is one of the rather old coins, there are times when it is unexpected to see it still receive attention from the community, and the pump/dump games still happen.

I am not following the technical development of BCH, the hype was there when the fork happened and the debate of big blocks was ongoing but then it died out and we are not hearing much from any of the major preachers who were promoting the coin Cheesy

, either they are not updating anything here in this forum and hence i am not following their developments and i would happily invest in BTC rather than BCH.

Xal0lex

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Quote from: Rampagoe004 on July 02, 2023, 02:06:28 AM

If you look at the chart, BCH is currently experiencing a significant decline. This is not surprising as BCH is one of the big coins in recent years. Currently their trading volume has fallen by 50% which indicates that their prices are deliberately inflated by certain parties.

And if you look at the round-the-clock charts, you can see that BCH is still way below their ATH. And I don't think BCH is still worth watching if it hasn't touched $500.

Now BCH is interesting only for short-term investors, in the long term BCH is of little interest to anyone, because of its incessant bearish trend and the fact that the price is constantly tending to decrease. Prices of 2017, most likely, we will never see. In the long run, holding such coins is extremely inefficient.

someone703

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Looks like the fomo hasn't stopped yet i remember since after the event from EDX people fomo a lot about it as well as observing the whale wallets actively pushing it up i also think if bitcoin wasn't so volatile If there is a bad move, the BCH will continue to increase in price compared to the present. Although it seems to me that this is one of the rather old coins, there are times when it is unexpected to see it still receive attention from the community, and the pump/dump games still happen.

khiholangkang

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Quote from: Bitcoin_Arena on June 26, 2023, 05:22:37 PM

Also, let's not forget that declining assets with less interest from people like BCH are so easy to manipulate.

This reason is more logic in my opinion, although I am quite tempted by the increase in Bitcoin Cash, but this is more scary, coins like that are easy to manipulate and trap investors then they take advantage, and we become a loss when we queue at the end of the pom pom price They do.

If you are a smart trader, of course this will be an opportunity, you are a little receiving a tube income, but don't think for the long term in a situation like this, I don't know the trigger for an increase that there is a fast increase in a situation like this, maybe this could be is a trap. IMO

Ziskinberg

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Quote from: Rampagoe004 on July 02, 2023, 02:06:28 AM

If you look at the chart, BCH is currently experiencing a significant decline. This is not surprising as BCH is one of the big coins in recent years. Currently their trading volume has fallen by 50% which indicates that their prices are deliberately inflated by certain parties.

And if you look at the round-the-clock charts, you can see that BCH is still way below their ATH. And I don't think BCH is still worth watching if it hasn't touched $500.

Yes, if you look into its yearly movement and price chart, it was declining. But just tried to change the time frame into the current month or year, and you can see a huge pump that gains attention and asks how? Yet, the rise wasn't really convincing to us because we think that this project won't make another market break and the current pump is not really because people are buying, something there is behind the scene. Because people are doubts what awaits for them if they are going to buy and it is too risky.

mich

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Well I am happy to say I still hodl the coins from the fork from 2017. This is not a coin that I ever did trade but I did think to hodl it over all this time.
It is because of the South Korean exchange Upbit for these profits. There has been a lot of trading going on over there with 3.5 times more then at other exchanges.
https://www.coindesk.com/markets/2023/06/30/bitcoin-cash-tops-300-amid-surge-in-trading-volumes-in-south-korea/

Rampagoe004

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If you look at the chart, BCH is currently experiencing a significant decline. This is not surprising as BCH is one of the big coins in recent years. Currently their trading volume has fallen by 50% which indicates that their prices are deliberately inflated by certain parties.

And if you look at the round-the-clock charts, you can see that BCH is still way below their ATH. And I don't think BCH is still worth watching if it hasn't touched $500.

wxa7115

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Quote from: CYBER_COWBOY on June 26, 2023, 03:11:44 PM

BCH is going up insane at the moment, I just found it out like 2-3 days ago that it had go up then it was like 40% last 24 hours.
I founded it rare that a common crypto currency go up that much in such so short time. I have never owned any BCH until a couple of days ago I bought some.
Then today when I logged in to see how much is was worth it had go up 16.11% last 24 hours!

"Bitcoin Cash Price Jumps to One-Year High Fueled by Spiking Social Interest, Exchange Support
With today’s 17% gain, BCH has now more than doubled in the week since it was listed on EDX Markets, a new crypto exchange backed by financial heavyweights."

Up around 100% last month.
Up around 67% last five days.
Up around 18% last 24 hours.

Last 24 hour when BTC and other currencies have got minus, BCH just shining like never before.

Why this is happening is of course impossible to say, but maybe should we learn something about this for the future, i will check this up for the close future.

EDIT 30/06-23

296,50USD
+183,18 (161,65 %)
past month

When we look at BCH in terms of dollars its growth is remarkable, however I was expecting that when I took a look at BCH in terms of bitcoin not much would be happening but I was mistaken.

BCH has been losing ground against bitcoin since May of 2021, however during the past two weeks we are witnessing a recovery we have not seen in years, and quite honestly I have no idea why this is the case, and it would be interesting to hear out other members of the forum and see if they have an explanation about what is happening.

Topic: Whats going on with Bitcoin Cash BCH? (Read 433 times)