Topic: WTF? $20.000.000.000 seem to have been poured into BCH in a couple of days - page 2. (Read 1501 times)

Obvious manipulation of bitcoin whales, which are the ones that manipulate the whole market at the end. Alts have been the vehicle of manipulation to accumulate more bitcoin for this whales. Look at this year's pump, alts pumped exaggeratedly only to be dumped the same way. Why? So whales could've profit from them getting ready for this bitcoin pump with the excuse of the forks. The cycle repeats, cheap alts for whales to accumulate and distribute next year.

That bitcoin pump we had for $7,700 was placing bitcoin at 120 billion market cap. Now the dump shows us that at $6,200 is at 100 billion, migrating those missing 20 billion to bitcoin cash. Never take the market cap as the very truth just as a reference of what could be brewing in the background.

This all looks like an exit pump for bitcoin whales to flow their capital into other coins. The daily chart looks like this bitcoin price dip is only a correction for a next possible leg up. The weekly looks like it made a doji to settle uncertainty and freak people out but I think uncertainty of where this is going to pop was already settle by the monthly chart, we have been the whole year in overbought monthly conditions that the fall in bitcoin price might be ugly and might be soon, but such as the rise in bitcoin cash or wherever these whales are planning in flowing their capital.

Total market cap is as of now, 198 billion dollars, 100 in bitcoin and 98 in alts. 50/50. I'm pretty positive that capital will be flowing to altcoins and if that's not the case, out of the market in the worse scenario but I don't see it coming back to btc and if it does, I see alts following too, to create another cycle.

Just as anticipated on which this bitcoin cash have been hyped up again after all on the cancelation of b2x fork event on this month of november. All coins do have the possibility to be hyped up and whales have decided to pump this Bitcoin cash as of now and for those who did bought before while the price is still low for sure they are securing profits already when the price tends to reach heights again thats was an easy money though.Not surprising but been wondering which coin would be the next to be hyped up. Anyone?

I just wanted to say that the volumes at Bithumb look fishy. Now it's obvious where the numbers come from, thanks for this.
I would be also curious on how many accounts this BCH group has on Bitcointalk and twitter to place the FUD.

$20 billion? Seriously? But Bitcoin Cash market cap is only around $20 billion right now. So that means that most of that money was used for short selling and other margin trade. Another thing I have noticed is that most of the BCH volume is concentrated in a few of the East Asian exchanges - such as Bithumb & Coinone (South Korea), Bitfinex (Taiwan), and Huobi (China).

I also don't know what's happening. I just got in this for the expected profits. I didn't sign in for all these forking drama! 

I'm just gonna hold and let them do whatever they want to do, if they're gonna pump that, and so forth.

That is how you will define the word "hype" because of the hype and the FOMO of the people in the cryptocurrency market, the growth of the market capitalization of the bitcoin cash is being fasten and right now a lot of people are still hoping to make profits in bitcoin cash by jumping into the market of bitcoin cash.

The market cap is the result of what people are willing to pay for the coins multiplied with the number of coins, the problem with that number is that does not reflect that billions of dollars were invested in the coin that only reflects what the potential market cap will be if every coin was bought which we know that is not the case, that is why many people prefer to look at the volume to know how much a coin is moving and as we can see while many have predicted the demise of bitcoin, bitcoin cash has a slightly lower volume in the last 24 hours but if we were to look at the volume since its creation bitcoin will have a lot more of it, that is why I’m not worried about this pump.

You are right that it doesn't necessarily mean that 20b$ has been moved into Bitcoin cash, but you won't be able to add bilions to the market cap with millions, I guess that around 4-5 Billion dollars entered the cash market.

The market cap presents the total amount of tokens available (shares ) *last price, it doesn't mean that there is enough liquidity to buy all the shares at the last price, so if someone sell x amount of shares, it will probably cause the price to decrease/.

Market cap rising 2 times doesn't mean that so much money has actually been poured into Bitcoin Cash overnight. It is a way, way lower than that. It is only a small fraction of all coins that get traded, therefore you don't need billions of dollars to raise the market cap that high. That's why this metric is misguiding. People think there are literally something like $30 billion dollars in the market but it is far from that in terms of real dollars.

Yes, BCH has become the second highest grossing crypto pushing ETH to the third place since today. The price increase was also phenomenal and totally unpredictable. Recently one of my fellow members has pointed out a reason which points it as an organized attack on bitcoin network by some mining pools. Read it here,

https://bitcointalksearch.org/topic/todays-attack-on-bitcoin-2393479

It will provide some good insight on why the BCH price is increasing and I totally agree on the same. Without some organized attack on bitcoin network, this rise wouldn't have been possible.

This is going to be remembered as the most cruel battle on controlling bitcoin, both as a principle and as a protocol. It can't be only about money, it can't be as easy as that. I agree with you that the amount of FUD is unbearable

Just another pump and dumb of BCH, a big one for sure. There was another when BCH hit 1k and dropped down to 200$. Now everytime BCH goes down, bitcoin goes up, eventually BCH will crash hard and it will be worth a few hundred dollars again and Bitcoin will just recover, probably alt coins as well since they are really undervalued compared to Bitcoin.

There is a ton of FUD everywhere, check bitcoin reddit for example, tons of people saying BCH is going to take over, bla bla. There is also a strong theory that says Segwit2X was never going to happen, it was planned this way. After making a lot of profit with bitcoin, they used their profits to pump BCH and this definitely seems to be the case. Most people bought Bitcoin for the fork, there is no reason for them to switch from Bitcoin to BCH. The ones who planned this, pumped BCH in order to make even more profit and now comes the dump maybe with another pump before total crash. We will see.

I also wondered today while saw the price of BCH was above $2100 while saw the price of BTC was $ 5500 and i am confused what we have to do now hold the bitcoin or just convert into BCH.But after that the bitcoin price is started to rise it gives me a little relief and i decided that just continue to hold my BTC whatever comes.

Is just that miners hyping BCH feature and bitcon is expensive when in terms of transaction fee.. All you have to is diversify buy always dip specially the king of all crypto Bitcoin.. It will go up in a few days

I think with the feature of bitcoin cash having good transaction times and fees attracted users and also miners. But the thing here is that price pump is magnanimous, everyone is shocked on that pump and who would not think that this might be another scheme the investors are doing.

The majority of the trading volume is taking place at Bithumb (Korean exchange).
Therefore the whole price discovery is highly manipulated, because Bithumb
offers account without fees and vouchers that enable zero fee trading.

This enables rampant wash trading by allowing you to buy and sell your own orders without
incurring any fees!

You are simple wrong. Read up about market cap.

Oh yeah! It would rise from $1.000.000 to $1.000.001 market cap.



No, I am saying that to increase that amount I was talking about in just one move it would need to be done like that. That is theoretically because to begin with, that move would need to be done out of the market in a takeover bid. Market cap do change according to % of trades carried out.

Yes I also notice that BCH market cap is increasing within a couple of days leading ETH for first time because of some exchanging their BTC for BCH which is giving a pump to total investment of BCH  but this is for a few time only as first bitcoin price gonna decrease but as soon as this scene go end BTC price will be stable and BCH will crash so just HODL it

I see that this is just temporary pump and nothing can affect the bitcoin if something like this is happening. The drop in bitcoin and BCH pump might be coincidence I believe but they both have got no relation. There could be little group of BCH lovers who might be pumping the BCH by selling those BTC coins and thats why the result that we are seeing currently. But truly this spiking is just temporary and I believe it will drop badly in the time to come. Bitcoin seem to be moving around 6K since two days and I dont major dump in its price currently. But really hoping that it will go down a lot so that I can pile up a lot. :-) Not fan of BCH at all.