Bitcoin Forum

I sold a small percentage of my BTC today but still have the BCH I got with them. Not sure whether to sell them now too. What's everyone's thoughts on whether BCH will continue to move in tandem with the BTC price or whether it will outperform or underperform BTC. I have to admit I have never really followed its movement or predictions for its future - I have focused mainly on BTC.

It will never outperform BTC, it's like a free money that you've got now and it's still you to decide whether to sell it right now.
If you missed selling it before and you are okay with the price of it right now, sell it. Because if I'm on your shoe, I wouldn't keep that coin.

I don't mean outperform as in some day be worth more than BTC; I just meant will it continue to move up and down at the same pace as BTC, ie, roughly track BTC.

The answer is I don't think so. As you know BCH is a bitcoin fork and most of these coins were easily dumped by the majority. And with the advocacy of their team, it's not a good thing for bitcoin. Many doesn't like what they are fighting for and they are claiming they are the true bitcoin so what do you think about that?
That's why I've said, I'll just sell it and gonna remove it on my checklist.

Thanks for your reply - I may do just that tomorrow :)

No problem.
It's still your call because you are the one that holds it. I've just given my suggestion and opinion.

why you sold your bitcoin my friend ? why not your bitcoin cash
i think, its better to keep our bitcoin now, even collecting more bitcoin when the price still below 10K could be the best idea

I imported the address into my Blockchain account today & it says to transfer the BCH into my BCH wallet so that they are protected by the backup phrase, but when I click on transfer, nothing happens. They don't appear to move - not sure what the problem is.

Kang TB -I only sold a small proportion to cover some upcoming expenses - I'll still be holding most of my coins :)

Why sell it? I like to know how much is your target and how long can you hold because that is BCH, it's a good altcoins that are good performers when the market is good in general, if you are for long term, you just have to wait until the market recovers and of course BTC will have to lead to make it happen, so if you are holding BTC you will still gain profit but altcoins performing provides better return than BTC.

comparing the two,

btc lowest price this year was around 3400 usd and its high was around 12,300 usd. = 361%
while BCH low was around 130 usd while its high was $490 = 376% increase

its just a piggyback coin, shoulda sold it off at its only pump there last year, thats when i sold mine :P
it has no utility, if people want fast cheap tx's they can just use LTC
fork coins were the 2017( or was it 2018's?) hype, crypto whales create new hypes every year to sucker in people
stablecoins and deflationary coins is this year hype for example

I agree with you, why do you have to sell BTC at current prices, even though BTC is better than buying a BCH that won't necessarily go up later, I'm sure that in the future, BTC will be of high value if you are patient in holding your BTC and don't sell it. For now.

The market movement becomes more difficult to predict nowadays that even investing in Bitcoin market will make you doubt and fear of losing your money. Bitcoin cash is always 2nd to Ethereum before but now its looks like the people who supported Bitcoin cash keep on diminishing due to bearish that if this trend will continue then expect the price will continue to fall too so i suggest that you invest only of what you can afford to lose.

In my opinion and analysis, I believe the market will continue to fall sharply. This is a good time for you to sell bitcoin and bch at high prices and wait for low prices to buy.
If there is no support for pushing the price of bitcoin in the next 4 days, the market will continue to sink in the sea of blood. This is also the signal I gathered from the news forums and pro trader announcements.

I don't suggest your prediction because crypto is a volatile cryptocurrency, But it will raise again at anytime so we said next 4 it will dump gradually. BCH also follow the BTC way so once it will raise automatically BCH also going to moon. I invest BTC and ETH because these two coin will have good future in long term.

I think the price of bitcoin cash can increase when there is good news and when the price of bitcoin rises it will have a good effect on the price of bitcoin cash which will also increase in price, for now bitcoin cash will be seen when it's the end of the year and in early 2020 is the peak.

Do people still buy this coin today?
I have not followed this coin for a while, the last time I heard about this project was about Roger Ver unable to pay their core developer and the developer quitting the project.
why did you guys buy this after hearing that? I do not think it makes any sense of buying something that is unreliable, it is better to buy Doge than this coin.
after a quick research, their latest news is CZ wants to list a token pegged by real BCH just like XRP. This news alone will not make any significant movement to BCH, the price will decline following Bitcoin and other cryptocurrencies.

I did not buy and would never consider buying them....I got them free from the fork.

That is good, just focus on Bitcoin alone if you are new here or something else outside Bitcoin Cash and Bitcoin SV. Those 2 do not have a bright future if we are comparing it with Ethereum, EOS and other cryptocurrencies. For now just hold it if you want to, and when you are in need of money again in the future just sell it.
or you can sell it all and then convert it to Bitcoin or other cryptocurrencies. I highly recommend you sell it and convert it to Bitcoin because when Bitcoin moves up some of them are bleeding first and then following up.

My opinion is that BCH is the ultimate shitcoin. The whole thing was a pointless money-grabbing exercise, and the coin never had any real use-case beyond speculation. And it triggered the wave of pointless bitcoin forks that followed. I would expect the price to drop towards zero, although it will likely take a while to do so, and there will doubtless be opportunities to make money along the way.

Over the past few days, with turn out of events, Bitcoin has dipped a little and thus bringing some alts down. Nice price movement for alts will come when BTC shows a positive move.
Since you actually got the BCH from forks, it's kind of 'gifted' which means you can choose to sell at any time, just keep it for a little while and watch how the market goes.

BCH have way to many competitors to gain more success as have it right now. Most of them are very skilled and invest a lot in marketing and promotion of their transparent cryptocurrencies.

Remember, the more BTC congests, the more attractive BCH looks, and it is inevitable. Looks like we are getting some buying support. Prices are hovering around the $200-$300 range. It's encouraging to see that the price isn't pegged to BTC prices, but BCH still needs to decouple much more from BTC.

In my opinion Bitcoin trading is heavily influenced by bots that trade on the margin and effectively suppress price changes. These bots have limited capital liquidity, so while they're able to keep the price nearly constant in the face of low-volume bear/bull markets, once the volume saturates their available liquidity they are ineffectual and the price changes dramatically, releasing the pent-up pressure that was building in the weeks or months prior. In this instance, the bots were saturated by BTC's volume, and once that happened all currencies' values were able to freely float, and BCH just happened to have more pent-up growth pressure than the others.

Bitcoin cash once under hard criticism, but it evolved as one of the leading altcoin. Price of BCH grew high outlasting the negativity it encountered. Further the growth continued providing investors with a big profit. Further it grew high along with bitcoin, slowly the controversies got faded and mutual growth continues. I believe price of bitcoin cash will reach ₹5000 depending on the upcoming ath value of bitcoin.

BCH is just one another shitcoin, i'm never interest with this coin, i just get this coin from hardfork and don't want to buy in market.
than BCH i'm prefer to bought another altcoin like Litecoin and Ethereum

You shouldn't say him why you sell your Bitcoin. Because it's his freedom to choose which coin to sell and which to hold. We can give him suggestions, nothing more. I never bought BCH, because I don't like it and I think Bitcoin Cash is not a coin for holding. But if I speak honestly, I have seen my friends were making good money by investing in BCH, when I was stick on ETH. So, if Op wants to buy at low and sell at high, he can do it through BCH, this is not a bad idea. We hate BCH, we suggest people to not buy it, but still, BCH is the top 4th coin in the crypto market.

I think you have to hold btc and bch both for long periods of time to get good returns, because of both coins have the ability to reach all time high prices again in future, I think it will going to happen very soon because both coins have very good investors and supporters and my suggestion to you do not sell any amount of btc or bch if need good profits in the future.

There is no need selling your BCH now, the price movement of BCH correlates with that of bitcoin whenever there is any pump in the price of bitcoin definitely BCH will also become bullish just exactly as it is playing out presently going by daily frame of both BCH/USD and BCH/USD indicates two correlated bullish candle formed BCH is just like a hidden treasure and like a sleeping giant any time bitcoin wakes up definitely more profits for you.

Actually BCH has a very similar price increase with Bitcoin because these two coins tend to rise together when the market starts to grow. I like to withdraw with BCH because each transaction is usually processed very quickly and does not need to spend too much time waiting. In the near future, BCH will be mentioned more so the price increase will happen soon. If you are considering investing, this is a good option for you in the long-term investment.

There may still be risks but if you believe in the development of this coin, the BCH will be of great help.

You should have done the opposite, sell your Bitcoin Cash and shift into Bitcoin. Altcoins such as Bitcoin Cash are just following the lead of Bitcoin. When Bitcoin falls, they also fall. When Bitcoin rises, they also rise. Look at what is happening right at this moment, Bitcoin rallies, some altcoins are also rallying including Bitcoin Cash. But the percentage of increase of Bitcoin is higher than Bitcoin Cash.

The fact that BCH still has a reasonable price even all this time after it started, is good evidence of how much of market price across all of crypto is based on short-term price speculation. A coin with absolutely no use or purpose, and nothing to recommend it except an association with the bitcoin name, can retain a reasonable price over a period of years - it's quite revealing.

Yes I do think that BCH will eventually drop to zero as crypto matures and becomes more based on actual uses rather than speculation, but I'm prepared to concede that BCH will likely usrvive for a while yet.

No adoption, no development, no tech, only mindless shilling is happening for that coin. Check r/btc half of the topics are how btc is worse than bcash. They completely lost their minds after they lost the marketcap battle against bitcoin.

Because it sounds like they are copy/pasting to bitcoin. BCH is nothing from BTC and it won't rather overtake the price. BCH is still altcoin and it will following to the movement of bitcoin. I personally did not invest in this coin to my portfolio. Maybe profitable in the short term but in long term investment, I don't think so. Always put in your top priority is to invest always in bitcoin for sure of having ROI on your investment.                   

for me in my own opinion.  Holding BCH is a good idea as well like  ETH. because sometimes they both making progress after bitcoin . But its good only for long run because the support of BCH is very weak and still making fluctuation aftewards even now. So if you're planning to hold BCH must accept the fact and put more patience.  Because like what i just said its good such ethereum . And i hope you know when it comes ETH.wherein effort is a must and patience. 

I'd rather choose up ETH rather than long term holding with BCH.No forked coin would able to surpass its mother coin.It might be better than BTC itself but
the support would really be always sticked up into its origin.ETH is an another platform which i do see much worthy for our money to hold on.

Price prediction with forked coins is somewhat hard even do us haters would say that these projects doesnt have future but we are still seeing them on top rankings
which means theres a sufficient support towards it.

If you are still holding these coins you can hold till we see a huge rally in the market and if you think you want to get rid of the coins get you at a profit rather than short selling right now if you are not having any financial issues, i do not think none of the coins in the market will outperform bitcoin in the next few years and then the decision is yours.

I think the price of BCH still has good potential because at the moment the price at the exchange has also experienced an increase in price and it looks like the price of BCH can touch the price of $ 300 at the end of this year if the price of bitcoin rises and when there is good news that can trigger an increase in the price of BCH then it could occur.

I think BCH has no future, after BSV was delisted from various exchanges, BCH price fall as well. I would rather change to more decentralised coins that are solving the price dilemma in blockchain, ETH or LTC for example.