Bitcoin Forum

Bitcoin Cash has fallen from $2,800 to $1,300, the global cryptocurrency exchange market has stabilized to a certain extent, with Ethereum retaining its spot as the second largest cryptocurrency behind bitcoin. While the trading volume is still exceedingly high at over $26 billion, given the major correction of Bitcoin Cash in such a short period, it seems as if the current trend of bitcoin leading the market and Ethereum being the distant second will continue in the mid-term.

Of course. Bitcoin Cash is useless in general, so there's no excuse for it to maintain such a high price in the long run. It was quite obvious from the beginning that it's just being artificially pumped by its wealthy supporters with the aim to disrupt the Bitcoin market and gain some quick profit. BCH will eventually fall back to ~ $300 where it belongs.

if this is just correction then i think we can buy bitcoin cash and waiting for another high price but if its just to come back for the base price then i think it is not good. but today i can make little profit because i am trading bitcoin cash with bitcoin and i am making a nice money but unfortunately, i am too afraid to get trapped in high price so i decide to stop the trading.

It is raised from 600$ so that was an expected move. They pumped the price > they sold > dumped the price.
That was easy money for those whales. If anybody bought from top that's loss for them.

This is a war for bitcoin miner and core developers, I am waiting for which side will win.
Since segwit2x fails, it seems that bitcoin miner wins a little bit.
If there is not more good news, bitcoin will fall to 5500 agin I think.

And today everyone is afraid of BCH. If rumors about tomorrow BCH fall will be false, BCH will do crazy pump again.
I see more and more companies and people talking about implementing BCH support or to move to BCH, just because they are exhausted of all the troubles with BTC.


https://www.tradingview.com/chart/BCHUSD/Ms3eOyMg-Short-Term-BCH-LONG/

https://www.cryptocoinsnews.com/xapo-president-biggest-bitcoin-companies-move-bitcoin-cash-ethereum/

What's happening right now has been pretty crazy. I never thought bch would overtake bitcoin. I always figured that it would eventually fade away. But right now it seems like a real possibility.

I think the pump of BCH is over and it will slowly dump to below $1000 in next few days.
Bitcoin also has bottomed but need to hold above $6000.

I must admit this is one of the most agrresive pump I have seen in this space after ETC was pumped last year, what do you expect the price move from $600 to $2800, there must certainly be a correction

Yes, it should be big correction and maybe back down to where it started around ~$500
in coming weeks .

i think you made the right decision, risk of being trapped is very high with such price swings.. i think a lot have already make a bad move buyin at overvalued price, worst case scenario possible for trading, different if you bought some days or even weeks ago and take profit of this situation

but intraday with this market.. oh my god, is a panic

I'm not sure about whether the price of BCH returns for 300 now. I'm afraid that touched the next support line it has again a climb. In any case I don't think I'll throw a single penny here. This coin is useless and even if it were to pump again it will collapse surely soon

Large pump in bitcoin cash yesterday  but its risk for invest sometimes,  bch lose more than 1500 usd . i think fall will continue

bch  it's just a bubble

I think its going to stabilise at around $1200

Whales playing on bitcoin cash that's why it pumped so high and became top two in market capitalization and now after pumping to high then dump it and earn lots of profit from it.  ;D ;D

I think it will drop a lot more

more difficult to predict the bitcoin cash price, rather than predicting btc. well, the decline and increase is really fantastic. many people are getting big profits because bch. well, if the price goes down, I think it's a chance to get a big profit.

Its what I call a go fishing weekend. When people are messing around in the market like they did this weekend its better to simply do nothing and wait until today. As we can see they either did this to dump Bitcoin and make a profit by pumping Bitcoin Cash and then done the reverse, or it was a completely failed attempt at bullying Bitcoin off the number one spot.

Sadness for Bitcoin CASH holder who people not sell BCH when price big pumping. BCH something joke with crypto lover i think.Price suddenly rocket high more than 200% increase couple of a day.Now rapidly reduces $1200.

the drama is run in Bitcoincash and bitcoin,
what next,? i think people will think twice to buy Bitcoincash because this is just like a pump and dump coin,
just look, bitcoincash pumping hardly then dump so hard too

I knew that bitcoincash would fall its just didn't seem so right that it was this high so people just had pumped up the coin, and all the people sold their coins and the price is nearly back at normal.

Bitcoin is nearly back its at 6600 so this means that its recovering now.

This is really normal and not surprising for me. I expect it to be $400 again. This will happen very soon, don't worry. BCH can't go strong against BTC forever. They pumped it on purpose obviously.

The following days will be like a nightmare for BCH holders and pumpers.

Bitcoin Cash hard fork will be launched in 1,5 hours. From that point it will be profitable again (more profitable than bitcoin) to mine Bitcoin Cash. It is likely that at least a fraction of the Bitcoin miners will switch back to Bitcoin Cash resulting it even larger confirmation times for Bitcoin transactions. The new difficulty adjustment for Bitcoin is in about 3 weeks. It wouldn't surprise me if this 'mess' will last untill that moment.

Careful - we don't know just how this fork will play out. It's supposed to smooth the difficulty based on blocktimes for the last 144 blocks. And it smooths it block by block which means it could take a day or do to adjust the difficulty.

What do you guys think a good entry point for Bitcoin Cash is? Are you buying if it falls under 1000$? I definitely think there is room for both Bitcoin and Bitcoin Cash to co-exist.

BCH этo caмый нacтoящий SCAM. Poджep Bep тoжe пpoдaлcя. Чиcтo в cпeкyлятивныx интepecax, кoнeчнo, вкycнo oчeнь выйти из Биткoинa пo 7500, пocидeть в Дoллape нecкoлькo днeй и зaйти в пpoтopгoвкe нa BCH. Пoкa Биткoин пaдaл c 7800 дo 5600, Биткoин кэш выpoc poвнo нa этy paзницy и этo дo cиx пop пpoиcxoдит. Cкopee вceгo, чтo пpи пaдeнии Биткoинa дo 4000-4500, БиткoинКэш пoднимeтcя eщё paзoк, a мoжeт и дo 3300 cxoдит. Пocмoтpим, пoкa кoppeляция тaкaя нaблюдaeтcя

$900 is support level.

If it drops below that - dump it.


For now - if you grab it at $1,000 keep it. It's a bearish pattern where it will drop massively, and then go up throughout the day and then drop again.


Also - what the fuq you all whining about?

BCH was $300 not even 2 weeks ago. Who cares if it fell from $2800 to $1300?

If you bought in past $1400 that's your fault for arriving to the party late. BCH was on a bull trend for a good 5 days straight before it broke $700.

I don't really believe that BCH has support levels. It came up here within days/hours and it will go down just like that. It depends only two people I think. If they run out of energy or money, the rest will be a bad night story for BCH team. They can't defeat bitcoin community like that.

I didn't even know that it broke a $1000, let alone $2400. Show how much I pay attention to bch

The massive pumped happen. Many people losing their money on $2500 ish. Now they only have half of their investment and it is only took 1 day to bankrupt. We have learned aomething now. Dont trust pump. If there is coin in massive pump especially that coin already in big 10 CMC we need to calm down. Dont FOMO because this is crypto. FOMO always get rekt.

No offense - but that first sentence is bogus.

Look at the market cap

https://coinmarketcap.com/currencies/bitcoin-cash/#markets

When the pump was occurring Bithumb had a volume of $2 billion+++

Yesterday, it dropped to $1.5 billion

Today it's at $1 billion

But the price is holding $1,200 - $1,300 - this means that whoever pumped it, took out 50% of their money in the last 48 hours and the price did not shift drastically. Which means the support is still there.

Not only that but you cannot ignore the Chinese usage of BCH on the mainland + BTC insufferable transaction fees.




MEANWHILE --->>> Bitcoin is stuck at $6,500 despite having the highest 24h volume :D

just do not say that you are unexpected that the price will fall. It was predictable. Today, I read the news that the Korean stock exchange is being sued because the servers are stuck and the puddles lost money when they fell.

Never understand how people can be shocked that the price falls based on speculation  ??? ??? ??? ??? ???



Check out this image - Bitcoin corrects itself AT LEAST once a month

http://static4.businessinsider.com/image/5a09d3f635876e01018b59aa-600/image3a20171113meopjw.jpg

Look now at bitcoin, it is just droping down cause of whole currency around it, just be careful with all nowadays.

Bitcoin cash is just a pump and dump coin for whales to make money on. Seems to be South Korean whales that were pumping up the price and most likely dumping afterwards leaving some unfortunate bag holders.

Well bitcoin cash is just another alt and better to get used to it. It's not the second bitcoin or anything and it will never be. All the exchanges are listing bch just like another alt so that says a lot abot bch.

Most obvious P n D to happen in cryptos since well maybe bitcoin was being pumped in October :D

Actually this is hard to predict that,
,
,
,
the bitcoin cash price, rather than predicting btc. But this increase is really awesome. so many people are getting better profits. well, if the price goes down, I think it's a chance to get a big profit defiantly.

I think it was a big orchestrated pump from the Roger Ver pump team and friends. A lot of miners switched over there and that lead to the huge surge in demand

Of course, since this market easily lends to speculation, people will try to get the most profit from this

I think it will fall, as many people have already burned on it.

Just like i said before, i had more than five bitcoin cash and i was doing scalping with those bitcoin cash, i was able to made some profit from them , but i lost some money too, i break even on the profits but it was a nice trade at all.
And everybody who had some bitcoin cash have already dumped them, it is a very risky situation, nobody should be so exposed to lose all their funds just by having their money on bitcoin cash, it is just a dump & pump coin.

I totally agree with you.
As you said, I trust in the middle term, but I do not trust bitcoincash in the long-term because bitcoincash is experiencing very large fluctuations

Obviously All crypto's are risky. That's the whole point. But I think ethereum price will surge next year. Bitcoin Cash is already holding a position in top 10 currency. And you can't deny the fact that Bitcoin cash will be dump again after this fork. May be it'll be a good time to buy some and hold for a long term investment.

How can you say that is just a correction, that is more than half of its price, that is a crash, there is not other word we can use, and I do not think we are going to see such a huge price again, the miners already got what they wanted, they dumped those coins and they got a lot of bitcoin in return, they are not holding their bitcoin cash they are selling it as fast as they can and the benefits they got from it are nothing short of amazing.

Ofcourse it will goes down after the biggest manipulation pump. I dont understand why people never learned and still traped in this situation. FOMO is real...no fundamental growth for bch and thats what makes me think it will goes sub $1000. I hope you all learn something after the past week tragedy. Dont be greedy and patient is the key for everything to be worked..

I think this was always likely to happen though it would not surprise me to see bitcoin cash make another run at second spot in the near future. With the current market caps its price would only have to reach about $2000 to bring it alongside ethereum. If bitcoin doesn't resolve its problems going forward then bitcoin cash will only grow stronger.

Most probably. The attempt of Bitcoin Cash was very strong, it successfully replaced not just Ethereum but also Bitcoin in terms of volume. And it replaced Ethereum in the second cap in terms of Market Cap. But because the attempt to reach the top was not a real one, it naturally ended immediately. And the fall that followed was a hard one. I think it sends a message to Bitcoin Cash to remain on its spot.

Forget the BCH, a disappointment seems very clear. Bitcoin holders transfer their assets to BCH. before they arrested him to get B2x but segwit in cancel. Finally they pump BCH.
I just wait for them to throw it at the bottom.

the price is drops and i think big whales is leaving the coins and trying to search another coins. but i think we can still makes a profit from bitcoin cash because i see the price is up and down too often and its tempting people to do trade this coin. maybe if we buy bitcoin cash when the price is drop then we only hold it for a long time then in someday the price can increase again although if its increase, i don't think that the price will be like before. i still have bitcoin cash in my wallet and not selling all my coin and i think i still waiting the other time to see the price is back.

Once coinbase/gdax release people's bcash, it will go down even more.  It's a shit coin run by scammer millionaires who are dying of greed for more money.  It's sad that so many people follow them and fall for their tricks. 

The only ones who are probably coming out with profit are Ver and his friends.

It's a Whale game and normal people burning process.
Whale made rumor that bitcoin cash is better that bitcoin.
And the community also spread the fud among many groups.
It was obvious for bitcoin cash to fall.

still a good coin for spotting trading oppoortunities in my opinion, now i am waiting it to fall under the 0,15 mark versus btc to rebuy and wait like did last time.

i do not think it will go back to 0,6 because a lot of people entered high and are waiting for a recovery: there is a limit to the loss one can take. i will bet for minimum value around 0,11 - 0,13

This is just dump and pump drama from Chinese guys behind bitcoin cash. As you know Bitcoon cash was born in China with ViaBTC which closed now by Gov.
So they pump it to take profit, it's useless and very new coin in market.
It will never can replace Bitcoin

The pump and dump game benefited a few and brought great loss to majority. Those who bought Bitcoin Cash at $2400 and were waiting for it to hit at least $3000 to sell are now nursing their losses and praying for another increase. However, the whales who spread the rumour and bought massively into Bitcoin Cash are now enjoying their profits.

You need to invest in a token you trust. Otherwise, the instability with some of these coins will bring losses especially if you do not have the patience to wait for increased value. The market is stabilizing and BTC is going back to $7000.

As what most wise traders do "never catch a moving train". I can feel the FOMO that time as I was also monitoring it. I was a bit worried on my bitcoins as many are already spreading rumors that bch will be replacing bitcoin. I think we are on our way to up to $8,000 or we may encounter some dips but we should not be hitting below $6,000 again.

A coin with a huge capitalization appeared from nothing, what chance is there for repeating the scenario with a pump and dump?
I think in the near future we will see something like this

Certainly, we will see reiteration of this in near future. I'm 99% sure.
Ver can easily manipulate the price.
They will not leave this question.

BTC will easily hit $8k however it corrects itself a minimum of once per month by 20-30% - so the assumption that you won't hit below $6k is folly.

If anything, it has been more volatile as of late and more frequent corrections have been occurring.

Meanwhile - a week since the pump and BCH has yet to hit sub $900 and almost all pumper dumper money has been pulled out (from $2billion to $700million) expect BCH to move up once BTC corrects itself - again.

Longterm BCH is done for, it won't be replacing anything and the tactics over the last couple of weeks have been appalling. Short term there'll be many trading opps I suspect, calling them right won't be easy.

I think it should be. The miners were determined to return to BTC again as difficulty increased.

As you can see, the development of Bitcoin cash is just a pump by whales and sharks. It can not overtake Bitcoin.

That was just a game plan as they swegit2 was cancelled and big investors who were planing to get a lot of profit from it were disappointed. they started pumping the BCH and also many people were waiting for the bitcoin cash pump and this was the best time. They pumped so high and dumped it within hrs making a lot of profit by handful of people leaving many people in cry and shocked who started to buy it at high price thinking this is the next bitcoin.

Price today is $1000, it's been going down at steady pace this week, wouldn't be surprising to see $900 this weekend. It will probably get a surge in the price once BTC hits 8k but i don't think BCH is going to reach the price we saw last week (with all the FUD and artificial pump) that only helped a group of greedy individuals whose goal was to profit after manipulating the BCH users.

That pump that happened on 11/11/2017 has no foundation and we all know that it will surely fall.  However the pumpers has achieved their target as they major aim is to manipulate the market to they favor. The inexperence  that were buy at $2800 will now lose huge for the whales that began the pump from $310. The price is still above $1000 and maybe before next week we may see a very serious dump as most of the whales has no confidence on this bitcoin Cash.

Easy like this. We all knew that Jihan Wu and other guy are pumping this BCH thing artifically. Then it's normal when it goes down like that. Actually, there is more way on the bottom for BCH, this is the beginning.

This coin manipulation makes people lost a lot of money. The truth about bitcoincash :
1. Big block with very small transaction = nobody really use it nowaday.
2. Still not enough development team to compete with bitcoin.
3. Miner is not decentralise. In fact bitcoincash created to monopoly mining.

It was really a well planned by Roger Ver and Jihan Wu. And people are gullible to play with their tricks. Look at the price now, its going down to $1000 and may very well be going to sub $1000 anytime soon. Those thought that the flippening will happened are either on their payroll or are too stupid. People are still on bitcoin and the pump on Bitcoin Cash is to really make a lot of money for the whales, sadly there are newcomers who fall for their trap and loss a lot of money along the way.

Bitcoin cash is still a young coin. It still need more time to prove its value. But I think that will happen soon.

But they are promoting themselves as the real bitcoin and not a altcoin. That's why they got so much hate in this forum. And the recent attack shows their true identity and the drop of the price just proves that its just a pump and nothing more. Compare it with the current price, at $1K, do the math how much those pumpers really earn. I'm guessing millions flows around those pumpers.

nobody think bitcoin cash overtake bitcoin, except paid shills by cash whales. ;D
they made their money already, nobody complaining. only noobs lost money from this speculation, as expected.

ahaha yea  ;D  and some still believe in bitcoinCash) soon go down less than $ 300 - will return to its price :)

Of course it can't, who gives a f.k about bitcoin cash, whales and sharks anyway? Do we need that kind of altcoin? I don't think so.
I expect to see even lower price, while i am supporting some altcoins i will never support bitcoincash, if we are talking about bitcoin there is only one bitcoin, others are just forked shitcoins.

I believe it was a pure manipulation, a pump to squeeze unsuspecting investors of their money.  I also think that this will happen again ang again and there will be lots of people who joined the hype and buy Bitcoin Cash at its peak to lose their investment.  It would be best if these people will study the market and potentials of BCH before jumping in.  Profit can be seen in shorterm but I do not see any long term benefits of BCH.

Bitcoin cash is over guys, there is no going to be a new pump because all those gurus that were saying that it was the new bitcoin arent saying anything right now, they just dont care about it.
It is all over, bitcoin has touched a new all time high, it all is now back to the normality again.
I am sure that bitcoin cash will be dropping a lot for the next few days, maybe it will be back again to $600 in a few days from now.

Hype is over and those gurus that you do said wont really say a word because their bags are already full which is somehow expected for it to happen. Its is just being hyped up and I don't really see anything special on this coin to sustain or good for long term. This would really be just a good vessel on making profits on a short period of time. Shoring or day trading might possible but talking on its potential then I do already have the doubts on that.
Price would even more drop on upcoming days which is already being anticipated.

I guess there are whales control the market, they have a huge amount of investment and can control market price pump and dump. Newbie will be caught by these whales when you really want to buy some, which make it just like a spam project. It's no easy to know that bitcoin cash is supported by Chinese miners, they make really a huge money from bitcoin and possess more than 70%  hashpower. Bitcoin cash won't succeed since it is already a centralized coin.

Why not invest some deeponion, the price is low now but you can have many coins.

And now, presenting to you, Bitcoin Cash, artificially pumped and all. And Bitcoin Cash's price went to the high heavens because of that pump. But then because it was artificial, it cannot be possibly sustained for even a short time. And when the true case appears, it falls hard. And would you be surprised if I tell you that Bitcoin Cash today is even going less than $1,000?

Im not surprise of this Bitcoin Cash would hit lower as I expected. It just hype lately that price pump and sadly for those who ride and bite the market that had bought its price high. Definitely some suffer of losing btc because price will eventually downfall. It cannot overtake bitcoin still btc is the highest still.

Pretty sure BTC is artificial as well....

Pot calling kettle....


Meanwhile - for everyone that profited from BTG and BCH - we have gone to far greener pastures - it's called IOTA. You know, a coin that isn't full of speculation and are actually providing something of substance?

Many other people made profits as well but I have no doubt that for those people to get their profits many other people lost money too, to be honest I’m surprised we are not seeing more threads of people complaining about losing money with bitcoin cash, since it is impossible that everyone earned money with it or maybe people are still waiting to get profits despite their losses.

So, can i ask about who was making a profit from there? The whale or just another shitty fuders like roger that already announced if he was buying a lot of the bitcoin cash before the rumour has pumped it. No dude.
A lot of people get fooled.

Is Bitman behide this drama?
And for sure whale make huge money from this.
We will see another sub at 700 maybe soon and another pupm till end of the year. The drama just start more actors will join

Bitmain is behind this bitcoin cash thing. Jihan Wu is the owner of Bitmain, as you all know. BCH will decline more from this, trust me. They don't have a future, but they try to create an artificial future with bitcoin cash.