Bitcoin Forum

What you see with the price of Bitcoin Cash, you will definitely think something extraordinary has happened. Namely the price rose very quickly $ 324. What is the underlying cause? Share your opinion in this event. Thanks for you all.

The main causes of the suddenly increase is base on bitcoin because as we can see two days ago bitcoin has been doing great and once bitcoin increase other coins also increase.

It's not BCH that's pumping, its BTC.
Just take a look at the graphs, the entire market is following BTC's rise.

So just price wise, it may look like BCH is on fire right now, but take a step back and realize it is mainly due to btc.
Now, to determine the actual value of bch, you have to look at how much it is worth in terms of btc.

Let me explain.

Let's say, just for example, BCH is worth 1 bitcoin on the exchanges and 1 btc is worth $1000
Then BCH will be displayed as being worth $1000.
So when btc pumps and becomes worth $2000, then BCH looks like it is worth $2000.
Wow! It doubled in price!
But when you go to trade it, it is actually still going for 1 btc, so it's value hasn't increased at all really.

This is simplified example, but shows that coinmarketcap can be misleading, you need to go to the actual exchange and calculate everything out.

Let's call it correlation among the top cryptocurrencies especially for BTC and altcoins. BCH has taked the advantage of being "real vision of Satoshi Nakamoto" but they use all possible ways for promoting BCH as real BTC.

According to CMC, Bitcoin Cash is the only crypto that's up by +50% since the pump in the market started.

With such low volume levels, I doubt this is an organic growth, it looks more like Roger Ver and his gang are manipulating the price by injecting tons of money to artificially pump the BCH price to make it look attractive to the FOMO buyers and newcomers that are starting to enter the market.

If I were a BCH bagholder, I would definitely start considering dumping some of the bags.

i suggest everyone to take it easy. It's too early to know if this is the right time to jump up.
There are a lot of chance that the bear period is not over..

Bitcoin Cash is an unreliable crypto money. Last night Roger Ver and a few people tried to create the hype for BCH through social media. I think this might have been effective.

This is the result of previous corrections that occur repeatedly to pump more than $ 4000 more, so this is a good result to be able to increase again and when everyone is interested in buying from now on, this is a very natural fluctuation with increase, and this is a big influence of Bitcoin, not only is Bitcoin Cash soaring, but some altcoins also feel this influence.

Im surprised bch got the most gains compared to other alt coins and I regret not having to scoop some bch when it at 150 usd. However, it's not too late to buy bch and if the rally continue bch will have a massive return of investment. I have converted some eth to bch before the massive rally and now I'm glad I did that.

The main reason is the bitcoin price, and if bitcoin will grow is very possible that the BCH to keep grow, but i don't know what will happen if bitcoin price will reach over 30,000 $, maybe BCH will grow but not so much as was in past.

We can see the price of every other alt coins rising, due to the rise of the price of bitcoin. This is a quite common scenario and we have been seeing this happening ever since bitcoin and other crypto currencies existed. Now, if you see at the prices of other altcoins, we can see that they are rising slowly along with bitcoin, but the price rise of bitcoin cash seems to be extremely weird since the sudden rise by 50% seems to be totally abnormal. Chance are there that the price are actually being manipulated. So just be careful and think twice if you wish to jump into the pump train.

the main reason is the rise in Bitcoin prices and nothing else. Bitcoin cash begins to be manipulated by people when the market comes to life

I think it is more than a coincidence
Because all tokens are in a good state at the moment with good viable increases

So it’s time to review your portfolio and carry out your plans

Dyor

The OP is questioning the exceptional pump of the coin not that he didnt notice other coins' pump. Roger vars understand very well how pump his coin and he is always ready to defend its project. Roger var will be factor i will want to consider to trade bitcoin cash because of his influence and track record in the space.

bitcoin cash is not predictable currency, thius time I felt that need to buy on 120$, everything is growing up, but BCH is in top

Yes the development is unexpected in this situation so if you are using this possibly you are waiting will be more expensive in the future and also if you had the time I'm to get the profit it will be the right time to invest and make it possible in the future.

We can see everyone is happy now. Bitcoin rises and altcoins are fallowing it. We have waited too long to see this rapid rises. Crypto is the future I hope everything will be better.

I am not only seeing BCH raising up but all other altcoin are also arsing up,this is because bitcoin is appreciating as well.

I sold all of my bitcoincash at $150 for ethereum and this is my greatest mistake right now.. though I didn't loose anything but I've lost the chance to double my money

$324 and back to $294 so quick but it was $160 last time.

Bitcoin pulled up all the altcoins to experience pump and BCH was one of the benefactor.

I do not think any spectacular thing happened to Bitcoin Cash, it is just  following BTC bullish path. It is strange for me as well that it has increased 3x faster than BTC did over the past week (  75 % vs 25% ) I am not aware of that what caused this  significant discrepancy in the price increase.

If you check the market closely, you will see that we didn't just see a growth in the price of bitcoin cash but we also saw a growth in the price of bitcoin which it is normal that when bitcoin begins to grow, a lot of coins follow suit.

This is why I advise those that want to make purchase of crypto coin should make purchase of any of the top 50 coins in the market because I am sure that whales in the market love to select from them randomly.

bitcoin cash has a huge marketing machine behind it and a lot of wealthy cryptowhale this can help it to survive in the long run at least in my opinion -good luck for bitcoin cash hodlers

Our first perceptions that BCH might be replacing Bitcoin before it launch but it turns into nothing in the end. Though it happen like that but many investors are giving their trust this coins and sustain its potentiality, indeed it is still belong into the top 10 altcoins. It for sure, BCH have it growing stance same thing it happen with the other altcoins and for sure, those BCH holders where now relieve from stress as they saw its price move forward.   

Bitcoincash is only altcoin of bitcoin in the first place it cannot replace bitcoin potential, we see some strange pump up of bitcoincash but when bitcoindown it surely follow the price action if you buy bitcoi cash when the price is too low then take a profit now because the price are quickly decreased.

Why not look for a reason into why bitcoin price suddenly went up and just ignore why bitcoin cash is moving too.

Why? Because that is all the reason behind it.
It is just because bitcoin is being pumped and no one knows why.
I do think we are getting buyers now.
It will just be a matter of time before it hits a better value.

It looks interesting when there is a high pump, but this is the crypto game, bitcoin is able to influence the movement of the altcoin as well as the BCH that is included in the impact of the bitcoin movement. BCH had shifted the LTC but it was only for a moment, the market capitalization was quite tight so this movement gave a little color to the CMC.

I think, BCH trading dominates on OKEX exchange, when we see BCH prices increase, then BCH trading in OKEX has increased following the BTC market. BCH like ETH always follows BTC charts, so BCH trading volumes always create bullish.

I believe that BCH price increases are due to the price of bitcoin, we have all seen that a few days ago bitcoin experienced a price increase. and as usual, when the price of bitcoin goes up, all altcoins will go up too.

That's pretty common occurrance dude so don't worry. Regret can sometimes dim your decision making so just let it be and start over. I also didn't expect bch to move hard especially when bitcoin is in this kind of semi run.

the underlying cause of all altcoins has its own target price and if prices rise most likely the cohesiveness of the team that is pump prices, is normal but if it rises up to 150% its awesome and will become a hot topic

Today, the network is spreading information about what ethereum, Bitcoin cash and litecoin are the most profitable and most promising investments. Although as a rule, these coins are always included in the portfolio of many or even most users of cryptocurrency.

You are right, there is nothing more than the present increase in price of Bitcoin which it is not only BCH is increasing, other coins too like ethereum too are gradually gaining more positive value.

The more BTC gains more value, the more other coins too will do too provided they don’t get dump because learnt that some coins following bitcoin behind are being dumped for the purpose of buying more BTC, since many people has finally concluded that BTC is already out of the bear market, people would rather hold BTC to other altcoins has the profit in BTC will get them more than the ones in other altcoins.

It is gaining more than ethereum which I find very surprising. It is still not clear what the reason is for the pump which leads me to believe it is being pumped artificially by roger ver. Unless there is a major event coming up that we have not been informed about

I believe that it is the market making all coins price to jump high including Bitcoin cash.  The market moves actually and so we are expecting others to follow by then. Isn't the first time we saw like this,  but all previous pumps happens because of whales making hypes causes to have a huge uprising trend and it looks different today.  It's the entire market affections and no other whales participations take effect. 

I think dev and team of bitcoin cash have a lot of btc too, the profit from btc is used too pump on bitcoincash..this is the correlation is working..

The only cause I believe was because it was oversold.
It pattern to the price of ETH when they don't have the same ATH, just imagine that big dropped, and now it recovered
but it is still undervalued if you will ask me.

Good for those who invested at dip, it's easy 100% in just a short term.

Yes, I am personally surprised by the increase in the price of Bitcoin Cash. And I think this really happened spontaneously because investors want to benefit from the increase in the price of Bitcoin Cash. We also know that the price of the main coin of Bitcoin is also experiencing a fairly high pump. I hope the price of this coin can continue to rise.

Yeah i saw that too, bitcoin cash increased almost 100% only in a few days yesterday.

Tbh i'm not surprised because everytime the market goes up, bitcoin cash always the highest one to increase compared with bitcoin and other altcoins. It's time to invest to bitcoin cash.

Well after looking at the price movements that are still closely related to Btc, of ​​course this is indeed still very feasible to pick on investing or trading, its popularity is certainly still not far from Btc. So I think this can be a bright spot or a sign that it really can be trusted about its role, no need to be doubted here and good luck for all.

BCH indeed jumped and followed the movement of bitcoin, and dropped back. We can see market movements well and this is optimistic for crypto lovers. And now there is a decline and is still at the level of $ 300, so quickly the whales collect and quickly throw it away so that profits are quickly obtained.

it will increase because there's a sudden bump on bitcoin especially on other altcoin so it's normal .But dont expect more increase with it because it's not showing potential like others coin which very risky . If you look the pattern it seems had different direction despite of the green in the market.

Not a Bitcoin cash fans there
Sorry to say but i am kinda skeptical towards the future of Bitcoin cash
The current Bitcoin cash is not the original bcc and it was a hforked abc, sv coin

Never a fan of BCH, i mean Bitcoin is already good but perhaps the scaling need to improve tho

why whats your reason of being skeptical? its steer clear that bch is doing a good job  . i have no complaints for bch as of now  . all is well .


huh ? bitcoin cash is not the original because it was forked by a bitcoin  . while i dont know about hforked abc, sv coin . they say it was the new name of bch but i still see bch ( bitcoin cash on my crypto wallet )


thats why bch was invented as it solves some problem that btc has   . tho yeah  , bitcoin is already good enough    imho  .

Of course, today Bitcoin cash is popular with many users of cryptocurrencies as an investment, as it will probably give a good profit when the cryptocurrency market recovers and the bullish run continues. But who can really predict the prospects of Bitcoin cash compared to Bitcoin? It seems to me that there is no need to compete with Bitcoin.

but I do not have much hope on hard forks. By exhausted for a certain time, you can invest your money to get a certain profit, but I think you should not trust such coins anymore. By If you constantly monitor the cryptocurrency market, then you will have every opportunity to respond to negative price fluctuations.

Those who bought bitcoin cash before the bull run were really happy right now that the price of it were pump high percentage. What do we expect? Bitcoin is bullish, and bitcoin cash is a hard fork of bitcoin and it is in bull run, too. Just don't expect BCH to go up to the moon. There are still sideways in indicators and better to sell it before the dump will happen.

Bitcoin cash is a difficult bitcoin and is currently soaring that profits are easy to get, but not many people believe it and this is the challenge of bitcoin cash in the future. Certainly many investors have it for the short term and that makes it profitable.

It seems that this is a good sign for crypto currency lovers I have also observed market movements in the past week and I think many have benefited from the ups and downs of BCH prices and other crypto currencies, hopefully after this they will continue to strengthen again.

They would not believe in anything that is a fork of the original BTC, so long we have the presence of Bitcoin in the market, Bitcoin will always be the sole cryptocurrency that people will hold for a long term, many investors that has sold off their investment in BTC in time past has still invested the money back but like you said, BCH is only good for a short term and once its investors sells of their holding, they might not think of coming back to invest again even if the price later becomes very attractive, I am sure very soon, BCH will end up becoming like other coins at the bottom of top 200 while other coins are coming up to displace it of its position.

it is true, but now the market and bitcoin have also begun to have a great increase, so I'm sure this year the price of crypto coins like bitcoin will be expensive and continue to increase

I think its not something to doubt about what BCH attain since firstly it already shows a lot of potential of correcting Bitcoins flaws. Maybe as time goes on more and more people use it since its fast compared to btc transaction itself. I have a guess it will break about $1.5k again this year so better get hold of it.

BCH is more popular in Japan than BTC itself so it should go up on the next market rally. It has held up near $300 without much correction so that is a positive sign for it.

Indeed, until now the bitcoin is still a top coin and will continue to be more coins than BCH, it could be that BCH becomes a shitcoin because this is only a short-term investment. It does look good if for the short term because it is fluctuating so quickly and the profits are obtained.

Since the start of this thread, BCH has not gone below $200 again, instead it's trading at $300 dollars now and we might not see it stepping
at the $100 range again. It jumped that high because the market is already in bullish mode, expect it will continue to grow.

BTC will pump, BCH will do the same, both have good volume in support.

This is a strategy of investors who think short-term and profitable, one of the things we really need to be able to learn and maybe we can practice. Taking a bag on BCH in the short term is a good thing to add to our assets, I will learn other strategies too before it's too late.

That is the character of crypocurrency prices and you should also look to another altcoins. I often see there are altcoins who have an increased price almost 200% just in a few hours, if you see that how profit that will get by the coin's investors? Maybe this is what happened in BCH who met increased price but you have to know the increased price will accompanied with a decreased price also, you must be carefull to this and just sugestion don't be greedy with it.

I do not think it is advisable to look for the reason for the sharp rise in BCH, because we all know that BCH is a manipulative coin with a HYPE share, which is speculated by a group of people who created this coin. However, BCH rarely grows without Bitcoin growth, so if the price of Bitcoin stood still, there would be no growth of BCH. I would not invest in this coin.

It have to be well analyzed before taking any jumped as market is too volatile and it can go behind what we expect, similar to what you have said, chances that investors who rides to this project are aiming for good chances to gain and afterwards dumped after being satisfied with growth that they've got.

Ofcourse the manipulation of the whales and the superfriends of Roger Ver 😂

What i wanna see in this BitcoinCash(BCH)is to reach what he did last year when this coin pumped and took the second place position in ranking from ethereum

Binance says that BCHSV will be delisted on it. There are so many reasons why it got delisted on Binance.
And because of that, the price of Bitcoin Cash ABC increasing a lot. I think investor starts selling their BCHSV and move to Bitcoin Cash ABC.

This current upwards price movement has really favour bitcoin cash more than any other coins and it is really showing sign of strength and many investors are really patronize it now.  I think it might get to $500 soonest.

Well at first I notice that bitcoin will increase and the other token will increase and that is normal. But for the second time around bitcoincash are increasing without the increasing of bitcoin. I think the people are putting their money in bitcoincash after the pump of bitcoin to avoid the big amount of down in their wallets.

I am not sure about the underlying cause of the price to increase but what astonished me is that the entire market is bleeding today and yet the bitcoin cash market is soaring above ten percent and then i found out that Binance made all the difference when they delisted bitcoin SV as the owner tweeted, i really thought it was a joke and he never meant to do that, but the drama continues and money is flowing to BCH.

Not much different from other altcoins. Initially, the increase occurred due to following the parent of crypto, namely BTC, but when a decline or correction occurred BCH became one of the solutions for investors and traders to continue the profits so that there was a significant increase this time at BCH.

The current price movement was in favour of all coins but for a coin which is not supported by most of the community or didn't have Abu to offer in favour of the crypto community to make a remarkable surge in price then something is fishy and I won't trust much in such coin if I were you.

today binance ceo CZ are twitted in their account, Bitcoinsv are delisted in nearly and i see another news from other exchange like Kraken create a pool whther user want to delist or not the BCHsv, is a big news and bad news for craigt and BCHsv holder

There's nothing to proof that BCH become one of the solution for investors because BTC is always the top choice for investors and the arbitrage traders either usually choose to hold more Bitcoin than altcoin. To be honest this is Ver in action cause the BCH have no genuine concept to give to the community
Investors and traders be careful don't jump into it just because of the momentum price increases.

The movement of BCH is indeed good and extraordinary, the increase given gives many benefits to the holder.
Moreover, the position at the level of $ 300 more, a surge that occurs a moment and is truly profitable.

I think the increase was only because of bitcoin. We all know that bitcoin's price increased a bit these past few days so I guess that has a big impact in the value of bitcoin cash but still, we can't deny the fact that it has potential though it's still early to conclude. 

Previously I saw BCH prices still below ETH prices, but now the price of BCH jumps away leaving ETH. I think this is good move from BCH to back to track.

Oddly enough, but I do not have much confidence in the counterpart Bitcoin. I do not know and do not understand their real functionality in the cryptocurrency market.

BCH has been very strong in recent months. And now we can see that the price is rising. BCH will continue to grow like BTC. And I hope you can buy BCH from now on because I'm sure if this coin can provide big profits.

Yes, maybe this is also due to the fact that there is news about SV bitcoin that will be delisted from binance, so that the users of Sv Bitcoin switch to use BCH, because from the beginning the emergence of SV Bitcoin has broken the BCH community, so now they are back.

I don't think there is any underline course for increase in the of Bitcoin Cash order than the recent increase in the market value of Bitcoin which happens to be the market mover of the crypto currency.

True, after the crash on Bitcoin SV price (because of bitcoin SV founder problem), bitcoin cash start increasing after that news.

The price still going down until now. I'm curious what will the founder of bitcoin SV do to make the price go up again.

Though this thread was posted earlier and few days before the delisting of BSV to Binance and other exchanges.

The pump of BSV now is due to the investors dump of it and turned to BCH.

Could be the main reason why the sudden spike of both bitcoin and BCH. However, if I have BSV and decided to dump it? I will go to bitcoin and not BCH. We don't know, maybe one day we will see a movement to delist BCH.  ;D

It is not enough for me because the development is still in the beginning Stage So if it was continue only there is a little chance is available to get the profit and make their life peacefully so show the development takes sometimes only we can get the profit and use at least like next investment.

It seems dying bitcoin sv is giving its life to bitcoin cash.

Bitcoin cash lost a lot of value after the fork, and now it seems they are picking up.

the main reason i understand why bitcoinsv price are jumps is after binance make ann for delist bitcoinsv is make the price are down, and followed delist from another exchange.

the reason why binance delist bitcoinsv is CZ furious with the craig's confession about the claim he was satoshi nakamoto (faketoshi  ;D)

The price of Bitcoin Cash, as well as the price of the other altcoins, depends on BTC. If Bitcoin is going to grow, BCH will follow its Father. Now, the situation is not going to change greatly.

the sudden changes happening to the lots of investment but we cannot made a conclusion by seeing a sudden change if it was table then I decide a proper decision but still now the clarity will not came about the Bitcoin cash in my mind.

bitcoin is just a momentum for me when any chance for make more profit i catach the chance, but for myself i don't interest in bitcoinsv after that.
because as you can see untill bitcoin forked in bch and make some drama for hash war between bchsv and bchabc i don't care anymore, i'm out from this coin

Most of the altcoins are depending on bitcoin for bull or bear market and that means there cannot grow except Bitcoin is growing and because of that we are seeing that bitcoin cash is catching with the current bull run.  In January this year it fall down below $100 and currently it is above $312 and it is still growing and before end of this month it might touch $400. This means that it has gained over 200% this year alone if you buy in January when it went down to $100.

The price of BCH all the time of its existence does not grow gradually, but jumps after the price of Bitcoin. And BCH does not grow on its own, only if the price of Bitcoin starts to grow, then the growth of BCH begins, and this is a direct dependence on Bitcoin. Therefore, I believe that we should not be serious about this coin, it does not carry any benefits, only poisons Bitcoin.

You made so much sense, a time will come that the tide will turn and turn to BCH too, because most of these copy of Bitcoin needs to really relinquish their power back to BTC for us to really move forward. Though, the reason why BSV was delisted is based on the bad record craig has, most especially that of the satoshi claim.

Provided BCH does not follow same pattern, I don’t think it should have issue but the best for people dumping their BSV right now is to really focus on pumping it into BTC market which believe they already did or doing, let us wait as things unfold. I wish they can use this method for other shitcoins too, so that BTC can gain more value.

We can't tell what lies in the future and it might be or it might not happen.

Who knows right?  ;)

It seems to me that after the recovery of the cryptocurrency market, the situation will change dramatically, since analysts have long reported that most altcoin has a final product, and such coins as Bitcoin cash are no longer relevant today.

It has maintained a steady rise and even in the midst of controversy spurned by Craig Wright, bch has been a better coin off the duel and remained stable while BSV tanked. Politics and finance can't be truly separated

the jump was not very much higher it need to be much more higher tour to the previous value in the next development so the investors also been waiting to take a chance about selling and buying then only it need to be developed.

Not so high but it's a significant pump, that jump confirmed that we already reach the dip, and if people will believe on that, they will be
investing again and price will continue to rise as we enter in the bull market. Once the market fully change into bull, that's the time that we will see some big jumps.

We could still expect more increase from BCH now that Binance exchange delisted the BSV. Users will tend to invest again on BCH after BSV emerge as hard fork from BCH. Now, this is truly unexpected for we know that BSV is one good crypto though. However, this is cryptocurrency at all and we could never predict what will going to happen with these coins in the future. Hopefully BCH will be able to recover as I have seen BCH before gone 1k in terms of its market price before the bearish market happen.

The rise last 2017 is not small  and infact many people are shock when they witnessed that bitcoin cash pump 3x times higher than eth and it did actually de throne eth on the second spot .  all of us thought the bch will surpass btc but that didnt happen . the thrill does not end there because i believe that bch can do wonders again next time since this coin was backed by big time individuals   . they can manipulate bch whenever they want to   .

That is not about bitcoin price movement, some people always have a view that the movement price altcoin are depends on bitcoin price movement. How can you see at the price situation when bitcoin price just met decreased price around 0.75% whilst BCH has met a decreased price around 4.88% and that's a far difference. Also, at the current situation you can see litecoin price still showing to the price up and this thing there is no correlation as what you says.

I saw an increase before Bitcoin SV was delisted and it did not pursue, the good news is that BCH already touched $300 which was
trading below $100 before, which could be it's bottomed. Good things will happen in the market, and BCH is going to be one of the recipient of that effect.

Getting this idea, aside from LTC we also see that BNB is also working with this current market conditions and not alone relied with Bitcoin current pumped or even dumped is not affecting that much,, some Alts chooses to create their own destiny working far from how Bitcoin market currently moving.

In this current market where we see BCH moving forward, things will be much different, future will be the deciding factors whether this jumped will continue or it will ends up being nothing.

BCH has indeed increased and this can still go down when Binance announces BSV will be removed and sees BCH decline. Could this affect the market?
And BCH looks down from the original value that is legit.

When it comes to bitcoin, I am a very selfish bitcoin adopter, I want everything in other markets in Bitcoin’s market, we need real growth and what we cause it to also grow faster is when these other projects are crashing and people pumping money into bitcoin.

Well I don’t wish BCH bad, we have some investors that are good and have their money in it, I don’t also see any reason why BCH will follow the path of BSV, majority of them must have picked one or 2 lessons from BSV challenge, but I know that with or without BSV or BCH, bitcoin will always reach the top and will forever remain their number 1 king, am more concerned about the future of BTC that all these forks.

it becomes natural if there is a decline with BCH where the news we hear will certainly lead investors who still have BSV assets will sell it immediately. but looking at the market now the effect of the decline will not be large. because even if there are sales of assets with large amounts they will also divert them to other assets.