Bitcoin Forum

I know if you are following the activities of cryptocurrency price's actions. Bitcoin is dropping in market capitalization including most of the popular altcoins but bitcoin Cash is getting pumping. Since yesterday afternoon the coin has been pump from $303 to $1000 this morning. I also believe that very soon bitcoin Cash will get dump for others coins!  I think the force now is between bitcoin Cash and others coins including bitcoin.

Only stands to reason that BTC and BCC would be inversely correlated considering BCC is Bitcoin's only true competitor.

Of course it's getting pumped because of all the news about mining profitability and hard fork fud.

You should just look at BTC + BCH. The price has continued to increase and increase.
For people who are holding coins on both branches, it doesn't matter if there is some transfer of value.

I'm regretting selling ALL of my BCH a couple days ago for $300/coin...

I sold half of mine around the 200-250 range. Feels bad man.

I didnt expect several of the biggest western exchanges to take so long until full activation of the BCH market and on top of that a lot of cold storage coins didnt got moved to get free money.

That gave whales the opportunity to snoop up all the cheap coins and now they are pumping.

If there is one thing that i find funny about crypto investing is that one can make a lot of money + byte yourself in the ass all the time at the same time (cause you 'could have made even more').

If you think like that then can't be happy anytime with any investments because we can't predict how the future will be. So as long as you sell your investments at a higher price than you purchased then you should feel happy and should move to plan for future investments. No need to worry about which we already missed it.

Well that one of the good features of btc. Everytime there is an update, a pump is gonna come. Like the segwit activation tomorrow. Probably a lot of people have hoarded their btc this past few days if ever the price will go up to 7k$ as many people are talking about here. From what i observed also, even today is a good day to buy btc. Because even if btc could fail, there are other altcoin that has there own pump so you never really would run out option where to sell it.

what is bitcoin core? we have nothing with that name.

bitcoin didn't get dumped! it was a correction. a dump in bitcoin would mean going down to $1500 not going down only 10% and then jumping back up above $4000. please learn the difference!

and as for altcoins, that is their natural behavior. they get pumped then they get dumped. then they stay low for a long time and then start all over again: pump > dump

bitcoin cash rise on the other hand is an obvious pump!. i mean you can't really believe that suddenly out of nowhere a big demand for it showed up that caused a rise from $300 to nearly $1000 and that is a 233% rise! if you ask anyone what a 233% rise in 2 days means they will tell you that is a pump.

I was going to dump all of mine but still need to research as to how so I'm 100% safe. I'm going to dump them soon I think, it's just free money whatever the price. Thousands of dollars for me, fuck it I'm selling soon.

If it is profitable to mine the BCC now, will the miner mine it and then dump it to drive down the price?

Any thoughts on this, from a technical standpoint, now that Bitcoin Cash has crossed above the creek/mode? It looks like things just got a whole lot more interesting for the fork saga. Everyone expected a quick death for BCH, so of course, they were wrong. I love it. :D

Also, any charts to share for BTC? I really need to figure where to buy back in for the long term...seems too frothy up here.

Dude Bcash is a pump and dump. And what kind of force are you talking about?
Furthermore Bitcoin is not dumping, it's moving sideways, pretty choppy but that's what it is doing.
Since 13th of August it's ranging mostly between 3900 and 4200 with 2 breakouts which created new ATHs.
I recommend you to learn how to read charts properly!! Zoom out and try to catch the bigger picture instead just watching the hourly charts or so.

It's all behind money pumping it up. Obviously BCH is not stable at this price and when the money supporting it goes away, then the coin will fall right back down. The only good long term charts I've seen for BCH is on CoinMarketCap and you can see the recent pump real well from there. Miners follow the money and they will go pretty much anywhere; they do not have any motives except to maximise profits, a big reason why this whole blockscaling fiasco is even happening.

BCash is different coin that will be available 2018 forked from Zcash, BCash != Bitcoin Cash... Bitcoin Cash is Bitcoin Cash

Bitcoin cash pump was just a result of manipulation from some bitcoincash supporter which can't last for many days.

Bitcoin core (BTC) will remain as the only bitcoin accepted and loved by many merchants and people. Bitcoincash even don't have stable network till now, who want to wait hours to get one confirmation on bitcoincash.

All this alt/bitcoincash pump is temporary, soon people will jump again into bitcoin.

Miners don't want to drive down the price of anything they mine - they want the price to rise. So they'll sell slowly, feeding the coins into the market.

There is no such thing like Bitcoin core.There is only one bitcoin and the other which is tried to create as a clone of bitcoin,BCC the shitcoin.It has been still alive due to support of some pools and traders who don't have any real interest in progress of bitcoin and what they want is to get some extra cash quickly.Every body knows very well that BCC is getting pumped and no one knows exactly that when it would be dumped.So,those who buy BCC are just believing in their fortune and the real thing is that fortune will not favour all the time especially with a shit coin like BCC.

There will be equal chances for BCH to stay stronger or to get dumped for one more time. I do see there are enough competitions to mine it, from that we can assume it may stay stronger around the current prices. But we cannot be sure all the bitcoiners have claimed their BCH and encashed so that there will not be any heavy dump here after.

BCH may stay how eth is doing. We cannot simply add BCH to the herd of rest of altcoins. It get into crypto world in all-mew way and having exact bitcoin's economic specifications hence it may give some competitions to bitcoins.

Mining at scale takes quite a large investment now. The overhead is tremendous. So, inherently, miners are bullish long term on the coins they mine, so they are selling as little as possible -- just enough to cover expenses and keep their investments growing. So, if we see miners defect to Bitcoin Cash, it's because they are long term bullish.

Or because they are Bitmain and they are manipulating perception! :P

how do you know what miners do with the coins they get? there is no way of knowing that. they may as well sell it as soon as they get the reward or never sell it at all.
and miners switching to anything else only shows that they want more profit and just because mining that new thing is profitable for them at that point. that is how all the altcoin miners have ever acted so far. they keep switching from coin to coin and dump them as soon as possible.