Bitcoin Forum

Bitcoin Cash suddenly rally, pump, or some news that i am not aware?
Now trading at about $550 https://www.coingecko.com/en/price_charts/bitcoin-cash/usd

I'm also surprised, but it's probably just another wave of P&D. Such a sudden increase is not the result of organic growth.
I recommend people to be careful with it. Nobody is using this coin for any reason other than speculation, so it's not sustainable.

It is making really huge leaps. My Coincap screen looks like a disco light. Some people are having a bit of fun with BCH it seems. Or are we missing out on some news?

Looks like Roger Ver and his big bucks are the cause of this crazyness.
Like they said, it's easy to make money when you have a lot of money .

https://i.imgur.com/O7GWCMr.jpg

What does this mean? Is it just another failed attempt at pumping it?

its 18 days since bcc come out, its quiet these days, maybe its just a burn out, no matter how, i will keep it until the price rise to $2000

the sides are drawn, no telling how it plays out. messy is probably an understatement.

if bcash becomes more profitable to mine, we'll see how anti-fragile bitcoin is soon.

we might see a bitcoin hard fork sooner than later...

its up to us to assume mate but there's corresponding reason behind why the value is rising maybe miners are now trying to support bch behind our backs
and the hard fork is getting nearer so expectations coming out from the bag holders are really getting high so it will just imply that they will hold it and try
to buy more so value will be jumping and let newcomers to support and being trapped. better to be keen in searching more information about this current moves.

Why is it always a mystery when it comes to pump and dumps of coins? obviously they have unlimited source of money to be pumping it like this otherwise no sane and smart investor would buy an altcoin which doesn't promise anything other than being a damn currency, a centralized one. Wu and Ver combined with other people behind the scene have a few billions of dollars, they are also creating fake volume to appear an active and interested coin to attract people. we don't need any centralized coin, ever since the hard fork I haven't seen any of the big whales throwing a massive giveaway party celebrating for having millions of free money, why? because they are the ones buying all the BCH coins from other and small holders, they have nothing to be happy about.

Today it's above $ 750. I personally think it's not healthy going up so fast. This may fall fast too.

So BCC is now more profitable to mine.

September is going to be bloody.

Of course it's a pump and dump trap. Only good thing to do is sell and profit of free money, investing in BCH is not a sane thing to do IMO.

You can read a lot of the latest news about bitcoin cash.
https://www.coindesk.com/bitcoin-cash-closes-profitability-parity-original-blockchain/
https://www.coindesk.com/bitcoin-cash-closes-profitability-parity-original-blockchain/

Both of the news should be considered as the main factor makes the price of bitcoin cash gets bigpump yesterday. Many miner will start to mine it.