Bitcoin Forum

Please house, why is bitcoincash keep going down? Is it likely to reverse and increase again cos i feel like buying for keep til the end of the year.

It's going down because it's a failed altcoin. Its value is currently sitting at 0.67 BTC, the lowest it has been in a year. It lost value faster than the rest of the market during the last few months, and is continuing to fall while the rest of the market is stabilising. It might still see the occasional short lived pump, but its downward trend isn't going to reverse.

Bitmain are holding over 1 million BCH, and at some point they are going to need to sell. That kind of volume is enough to completely crash the BCH market.

There is no good to reason to buy BCH. Keeping it to the end of the year (or indeed, any length of time outside of perfectly timing a short pump), will result in a net loss. Stick to BTC.

Not only bitcoincash the entire currencies are going down the market is still in a bearish mode. I was expecting a change in the last quarter of this year but still no improvement in the CMC. Trust on cryptos mate there is always a day after today. Lets wait for that.

what else did you expect from a useless fork coin?

it is funny that people ignore the fact that all the fork coins are useless and will inevitable go down but they have an easier time accepting shitcoins like BTG, BTV, BT... die than they have for seeing BCH dying. maybe because it is advertised more?

in any case that is the final destination for all of the projects that copy another project. they will all eventually die and only unique stand alone projects that are different from one another will remain in the market.

Well, this is the same bitcoin only served under a different sauce. Many places where it is promoted and accepted in the amount of payment means the prospect is in the future. Well, in my opinion, this is one of the best forks of Bitcoin which will give more money.

Bitcoincash is one of the greatest coins at the moment. It is much better than Bitcoin and I cannot understand why this coin is so undervalued at the moment. Bitcoincash will bounce back and will cost much more than 2k USD, when the market recovers.

Probably  just a temporary crash  which is a correction of price in my view because bitcoin is gradually increasing again at this moment . Which is in my opinion after this adjustment there's a tends soon  both will show green at the same time and will surge to the top  like what happened before. Just wait for more results mate don't panic. 

It's a fork coin right? Some of people here are saying that BitcoinCash is one of a useless fork coins. But I believe it will recover again and there will be a chance that it had a good role in cryptocurrency world.

I have never trusted to this and now I am not surprised. Going down of this cash was predicted because its trends were so band and negative for the future.

BitcoinCash will not have the sam success like BTC has now because BTC has larger value and its volumes are more promising for the improving later.

BCH is basing any value in adoption meanwhile bitcoin is basing it in hold. At the moment it seems that BTC is making a better move, so you may want to follow it instead of waiting.

BCH is just a trading and pump/dump coin at the moment. Just have a look at trading 1 month ago...it is so scam  8)

For now, many altcoins that have dropped are no exception with bitcoincash, so I think the coin drops evenly. Indeed, the market is less friendly, but this is definitely a time to return to having a high value.

Though Bitcoincash ahd shown potential at the beginning, it is after al a fork coin. So, a crash in its price is nothing new. However, as a lot of altcoin are facing crash, it most likely that Bitcoincash will bounce back again.

The whole currency is in a stable position, but not up to the mark. So the altcoins will also show the same characteristic. It bitcoincash is a flop coin according to the investors from the beginning, so you might consider your opinion about it after analysing it thoroughly.

Yes that's really right and I really observed that within this year nothing else happen to bitcoin except for its market value keeps on going down and I almost feel numb about the speculations of my fellow crypto enthusiast that bitcoin and along with many crypto currencies market value will still able to rise up this year.

Not only bitcoincash the entire currencies are going down, the market is still in a bearish mode. Many places where it's promoted and accepted in the amount of payment means the prospect in the future. This is one of the best forks of Bitcoin which will give more money.

The down draft isn't something only Bitcoincash is experiencing, all of them are. A lot were expecting a change by the last quarter of this year but, still hasn't improved in the CMC. have a little faith on cryptos as there's always tomorrow and there's always a chance of the value going up.

Bitcoin cash now and so on the bottom. Bound to be growth. Now nervous it makes no sense, but that's how much time will have to wait for the growth is unknown to me.

Sure, the entire crypto market is down and they are trying to hit the bottom. However, that does not change the fact that bitcoincash is a shit coin and a disgraceful attempt to want to push something that is not sane into the market and trying to get people deceived that bitcoincash is the main thing, but indeed it is just a one man's coin who is looking to rip off those who are gullible enough to believe this is even a thing.

It is useless, it is glaring that increase in block size is not a solution and that makes it even more useless, and at the end, unless they want to come up with something else different than lightening network when it comes to scaling, then they are just as shitty as any shit coin in the space.

Not just bitcoin cash, all cryptocurrencies are down as well, you can buy it now and keep it till end of the year, I'm sure that bitcoin cash will increase.

It is dependent on two things: The competition in hashing power with bitcoin and the value as a payment method. The former is taking over the later as BTC is more or less strong, so take your pick.

I think when the market goes down, it is time we can make the most easy money. Why do I think so? Because then many of the projects are lower than the real value of the project, so investing in it is a perfect investment.

It is not for the long time because this coin will get to the moon in the end of this year like BTC as well. I believe in them and I have invested so much money there.

In this time yes, it is going down but if you will look on its common trend you will see that it is increasing so good and little problems are not significant there.

By the end of 2018, all coins should grow. These are the usual adjustments. Many have invested and now waiting for the rise. It's okay, it's the market and it's unpredictable. Hold it for the rest of the year.
Anyway bitcoin cash is not so good token in my opinion. I like more Ethereum or just Bitcoin.

Bitcoincash is very manipulated coin . Roger Ver and bitmain hold significant amount of coins and can control bch market . There were a few pumps of bitcoincash over a last months and I can assure you that those guys took their profits . So now it's time for a dump , because this is how market works .

Why buy that coin?

Its a bitcoin fork and every altcoin in the market are all bitcoin dependent. Why not just go buy bitcoin and just hold it until the market fully recovers? And why only bitcoin cash is the only coin that you see that keeps on going down? majority of crypto's are going down.

Maybe you can buy some, after all, this is the first fork of Bitcoin. The boss behind is still a very powerful whale. They can't easily give up their industry.

One of the things I like about BCH is that the transaction fees are the lowest of the common cryptocurrencies. It is useful for me to move funds from a fiat-crypto exchange to a crypto-crypto exchange.

Take a look at this chart to see what I mean: https://bitinfocharts.com/comparison/transactionfees-btc-eth-bch-ltc.html#log&3m

I think he will still show himself, people are actively developing this project, behind him is a famous person and I'm sure he will not want his reputation to be spoiled by the bad work of the blockchain, so I recently heard that they fasten smart contracts to him. In General you have to be patient, I am sure soon all will be well.

All Altcoins and even Bitcoin are in downtrend at this time, not just Bitcoin Cash. The markets are in the biggest downtrend period of the year and I think there will be further declines in the coming time. Therefore, you should be prepared to receive it. 2019 may be a gradual recovery, but to reach the peak of 2017 I think it will be difficult

Lol. Ver doesn't have a reputation to be spoiled. His only reputation is that of a scammer and con artist. He actively lies about bitcoin and tries to trick newbies in to buying this trash altcoin. He knows BCH can't stand on its own merits and his only means of sustaining the market is to lie.

The only development going on is more infighting and potentially another fork coming up. This coin is going nowhere except down.



Yes, Bitcoin is down, but BCH is down significantly more. Compare BCH to Bitcoin - in January 1 BCH was worth 0.2 BTC, currently 1 BCH is worth less than 0.07 BTC. So while bitcoin has fallen by around 65% from its ATH in terms of USD, BCH has fallen by 90$.

I think it is not a good idea to hold a "fork" coin. This one I guess will eventually remain at the bottom. Buy BTC instead.

You have to understand that this project will continue to fall further and will do it all the time until it is necessary to pump this project all over again and deceive people again. These are already proven steps.

bitcoin cash, no update about good news.
very stagnant, so I think people are finding other investment coin.
like ripple or NEO, is alternative

Bitcoin Cash (BCH) is simply something a lot of people got for free when the last fork occurred and its not a project that's taken very seriously yet by too many retail investors so be prepared for speculation driven value based solely on hype

Personally, I believe in this coin, BCH is a potential coin that many people pay less attention to, and I keep track of them over time, if the market is up, then their growth rate is quite fast and can Choosing the BCH for investment is ok.

It will continue to fall, just think about where this project can really come in handy, I, like many in this forum, do not see the use of this coin in the market, we have BTC, why do we need something else?

Not only is BitcoinCash experiencing a continuous decline, sometimes we forget that some altcoins also experience the same thing. I don't know how long it will happen, and everything should get better soon. ???

Bitcoincash is just a bitcoin fork that does not have any usecase. So such coin has every tendency to dump and not only that, it can go into total extinction by the time no one invest into it again. No wonder some exchanges have decided to delist it.

This to expect from a fork coin. There is always a great risk with fork coins as it may fall suddenly due to lack of innovation and technology.

Nothing than a great fall is expected from a fork coin. If a coin does not show any new innovation or development it will thrive to survive.

It's a fork coin and there is always risk with fork coins. Altcoin world is going through tough time and without any promise of innovation and good business model, it is likely to go down.

The way it is going down, I am afraid nothing can be done to stop it. Again what did you expect from a coin like that? The coin is not strong enough and this situation is inevitable.

It's market condition, other altcoins including ethereum the second biggest crypto currency is down too, and like you said, now is a good time to get most of these altcoins at a cheap price and wait for bull run to come because I believe that the bull run is on the way.

Not only bitcoin cash but all altcoin also. Do you know how deep btc going down ? Its just like that,the crypto pionner even cant not handle the situation. Its time to us more invest than trading,i think 2019 will be more good than now. Just keep your mind to fokus. This situation will be end and the market will gain more value.

well that is because all the altcoins are suffering pump and dumps. some altcoins like bitcoincash more than others because of the way they are created and their purpose dictates to only have pump and dumps and nothing else.
so what happens is that we have a prolonged periods of time when a lot of altcoins are getting pumped together and when that is done we enter another period when all of them are getting dumped together.

Yes it is true that we trust cryptocurrency maybe by the next of the days it can raise again.We are patiently waiting on it for a change

thank you all for your responses. I think i have got enough information to make me decide on what to do.

Yes its hard fork is coming, So it is natural that investor will move their money before hard fork and later on invest in the same as they rely on project potential.

From the very beginning I did not like the idea of Bitcoincash and during the year there are a lot of negative rumors about them.

You are not sincere with Bitcoincash and think it is not right. You surely know that most altcoins now including Bitcoin has been declining daily for some time now, why do you mentioned only Bitcoincash as if it is the only one declining.

Yes, you are right but you know it's a common nature for the cryptocurrency. Price is down at the moment but could be high enough anytime. In my point of view, this is a temporary situation and will turn it out very soon. In fact, all the currency passing the bad time not only bitcoincash. Just need time to change the scenario

Don't shill here bitcoin cash. There is a speculation discussion for this purpose. You can try to do your own analysis and suggest us your vision.
Please, make an effort

Bitcoin's bleeding has already stop and you would have noticed that the price is already stabilizing in the last 4 to 5 months already. Yes, its down, but unlike altcoins market who have suffered worst, even ethereum went to almost 90% down. Regarding BCH, its altcoin so what do you expect? Even Bitmain has to make an IPO just to keep the price above and Roger Ver planning to have its own crypto exchange and using BCH as the main trading pair. They really have to make some adjustments otherwise they will also be swept by the current down trend.

not only bitcoincash but almost all the altcoins are in the bloodbath market because the total market capitalization declined and i hope before the year ends, it will increase and back to normal.

but it seems to me that this is only the beginning, because the poor state of the cryptocurrency market will affect all altcoins even worse. In addition, there are predictions that some of them will not survive the current situation, due to the lack of a final product.

The truth is I never believed in bitcoin cash. This is not a good copy of bitcoin. People will make a mistake when they invest in this

Don't worry, Bitcoincash has a large daily transaction record. There are still many people who use it which proves that bitcoincash still has high usability.

I think people who have Bitcoin, Ethereum, Ripple, Bitcoincash do not need to worry about price reductions, because it only waits for time until the coin's price rises.  You just need to be patient a little more.

I don't believe also but as a trader, I understand that Bitmain with their IPO and marketing strength can move price up. For own reports, for own capitalization, for own success at least. I think it will not pump but strong constant growth closer to their dates.

You do not have to worry about it, the reason bitcoincash is going down is the same reason all of the other coins are going down and that is because the price of bitcoin is down which means that we are going into a bear market. Once we start seeing some kind of recovery in bitcoin then the price of bitcoincash will start to go back up.

It's going down because it has no adoption. The only reason it gained value was because Bitcoin fees were skyrocketing and the network was bottlenecked but segwit made it great again. Nobody is going to choose BCH over BTC now and Bitmain is forced to gather money through IPO because their BCH mining is diving nose down into the concrete.

Bitcoin cash is not the most successful altcoin, but even so, its fall this year compared to Ethereum is approximately equal, so I would not say that Bitcoin cash is falling just because it is a bad coin.

A year ago, BCH's daily volume was between $5 and $10 billion. A month ago, it was $1 billion. Today, it was the lowest it has ever been at barely $200 million. I would hardly call that a "large daily transaction record". It's ratio to BTC is down at 0.67 and continues to fall.

As pixie85 pointed out, BCH had a brief time in the limelight because of BTC network congestion, an issue which has now been solved. BCH is dying, and the sooner the better.

because the whole market is falling and because of this the coin itself is also falling. do not worry this is a very good coin that will grow in price undoubtedly

I do not love this cryptocurrency. Fast growth of cost of BitcoinCash is fast injections of large cryptocurrency sharks.

Plan was that BCH replace BTC and they failed. And what happen when some project fail to deliver? Price slides of course. But I believe that its not bad for short term trading because they will shill the idea of "real bitcoin" from time to time and pull newbies in!

I believe only in Bitcoin. Well, a little more in the Ethereum. Other projects can be useful for making money, but for long-term investment is best to use these two coins.

Unfortunately I used to think that it was a bad idea to run such coin but now I regret that I didn't see how strong it become in the future

he has soon hardfork, I think that the other day there will be a rapid growth! Especially in the last 2 weeks - very good news all over the world has gone! I think that now rich wallets are buying cheap bitcoin cash! the price will soon grow up, it's time to buy it!)))

What news are you talking about? In my opinion, all the good news was related to updating the etherium, but as far as I know, Cosmopolitan testing failed. Now, new news is expected only in 2019.

If you look at the market sentiment today, you can notice a coordinated difference, I still think that today the market should show good and positive interests and opportunities for investors, but what do we see?

Price of BCH is just pumped because of fork and everyone is hoping for the free money like we had in august 2017. But dont forget that BCH is not bitcoin and altcoin that is forking just prove that there are some flaws with it!

I think not only bitcoincash is going down its price, more and more altcoins are affected with the market price when some altcoins and bitcoin price takes a decreasing price, just like ethereum, bitcoincash also takes its lowest price as of this year.

Yes, that's right, BCH was pumped because on November 15 there will be a Hardfork BCH, so the price of BCH goes up by people who want free money from the Fork BCH, but I won't participate to buy BCH because now prices have gone up, I'm not will take risks from Hardfork.

It failed on what it intended to do - unseat BTC from the throne. TBH, I didn't believe it can though. A lot of shilling pumped the coin.

Have you follow Bitcoincash in the past few days? Its price has risen very fast in the past few days thanks to the information hark fork. Prices have gone up from 440$ and now have gone up 650$, this is probably Bitcoincash strongest growth this year

Currently all coin downs are not only bitcoincash, maybe because of market influence, still be confident and positive all will be well and in the future the cryptocurrency will run normally again

I think you aren't aware of what's happening to bitcoin cash now?

One of the most hated coin is going to have its fork coin so this is what it drives the prices up. You can see that the market is healthy today and its not only bitcoin cash that is being pump right now but a lot of them. Though I don't have this coin anymore, after the fork expect a massive and quick dump.

At this time, Bitcoin Cash is one the biggest market gainer that is in the top 20 coin list.
This is due to the incoming fork this month that will split BCH.

Fork of the fork is coming ;D ;D ;D