Bitcoin Forum

just notice a 40% pump of Bitcoin cash. What's the reason?

Which site do you check to see bitcoin cash price?
I aware of bch price an hour ago and see it being pumped around 34.4% right now and I've checked on coinmarketcap, bitcoin price has reach $424 or 41.85% increases. No matter why this is happen or what is the reasons as I assume this is a common thing in crypto-world, which pump and dump always happen. If you know that bitcoin cash has 8Mb block size and if I could send bch faster and pay low fees than bitcoin, I will consider bch better than bitcoin. But, I know bitcoin cash will be dumped again as soon as it reach $450-$500, well I am waiting for $1000 before decide to sell mine.

Yeah just noticed it, don't know why. Hmmmm... sell or hold?

Anyone know any good irc channels (or similar) where I can talk to people in real time about these types of bumps?

Bitcoin cash hodlers made it possible.
It seems that most people who hold bcash just don't know how to sell think junk.
+ unknown bcash miner mines 90% of the blocks and just don't sell either.
Supply is very limited so I think $500 or even more is pretty realistic.

gonna reach to $800 then dump

The chart shows an almost vertical movement. I think it's just another pump.

bitcoin is still slow honestly, took forever to purchase from coinbase

actually dump in my opinion, because the chart of bitcoin cash seems very stable in the past and that will be a normal reason to get pump by the pumpers as far as i know, this just another pump and dump scheme to fool a lot of newbies. to buy bitcoin cash and gets stuck in the high price. bullish trap.

It's been 18 days and retards @ jaxx still haven't implemented BCH wallet, guess I have to be happy seeing that mad pump goin on at the moment. Otherwise would have dumped that crap by now.

Bitcoin cash to 600 $ soon

and then $100 in the ensuing dump?

Yeah also noticed this but I think the big whales are up to this.
They planning something for bcc, they are the one's who manipulate the price.
We all know Chinese investors are behind all these so we can expect more to this coin.

I will just put it here. http://www.trustnodes.com/2017/08/17/first-ever-8mb-block-mined-bitcoin-cash-spikes-price

It is not a trash coin, so it is not surprising to see it even above $1000 but it is now good only for trading or short term investment.

Normal bitcoin is still slow and costs a fortune to transfer!

I hope bitcoin cash does take over.

i agree with you. For the long term this coin is not yet reliable.
So for short term trading is very good and profitable.

Bitcoin cash may be pumping now because whales are trying to play eith them. Don't be fooled by the recent pump, it'll dump in a few.  ;)

I believe that both, Bitcoin and Bitcoin cash, will perform very well if another financial crisis occurs.

Even better would be a crisis where a major currency like Euro gets into big trouble and confident in fiat currencies suffers dramatically.

In this scenario, crypto currencies will boom!

I read that some major Hedge Funds managers like George Soros or Stanley Druckenmiller expect a financial crisis very soon and positioned themselves accordingly...

I am curious what will happen next...

Yeah it's pretty painful process to send/receive bitcoin.  How much faster is BCH?

With the recent difficulty corrections and current price, BCH is now more profitable for mining than BTC. Wonder what would happen if all miners progressively change to BCH mining

They would leave a gap on the real Bitcoin hashrate, which would mean that someone mining Bitcoin Cash would go back to mining real Bitcoin, because the difficulty would lower and the price would still be several times higher than Bitcoin Cash. That is the irony, at the end of the day Bitcoin Cash can never get anywhere near the real Bitcoin. As soon as people leave the real Bitcoin to speculate with the Bitcoin Cash hashrate, they will create a new opportunity to mine Bitcoin. It's a constantly leveling-itself system.

Still going up. Who is buying it? Craig Wright?

The koreans are supporting BCH. check out Bithumb with $1,272,600,000 volume!

It seems to be the case, the volume in fact is there. (about 39% of all markets, I wonder how long it can hold)

Edit: actually, it easily passes 50% if you add a few other BCH/KRW markets.

I really don't like it when more people support BCC. I really have a bad feeling that it will have a negative impact on bitcoin when it's value is almost the same as bitcoin. I will be exiting btc if there's more split that are coming.

Yeah i saw it in coinmarketcap.com that bitcoin cash have been pump seriously? I knew it will dump more because of the BITCOIN price impact hehehe. But hopefull that i buyed bitcoin cash in 0.06 BTC price and how my money have been doubled

They don't need a reason to pump the coin. Bitcoin Cash solely created for this purpose.
This coin is nothing but a pump toy. It moves just like expected.

I don't know since there are no informations or announcements in the thread but i read a news that bitcoin will split again after three months. Its kinda hype again for some reason but i definitely not wanted to join on that i'm stick to my bitcoins.

It's probably South Korea pumping it, they have more than 54% trading volume on coinmarketcap.com

It only a matter of time until BCH crashes and the money flows back in to the top altcoins

BCH crash will result in money flowing into Bitcoin, not into the top altcoins. It doesn't matter where BCH is classified in this forum; most investors in BCH are those who want to hedge their investment in Bitcoin. They are not your typical altcoin investors.

Bitcoin Cash seems to start acting what it really is, at least for now, a pump and dump kind of coin. There is pump of course, it will be impossible for a coin such as Bitcoin Cash to just dive straight into rock bottom. But then each pump is followed by another dump. And the cycle continues.

If there are still other people holding bch, they can dump. But what if the only ones holding bch right now are ver and wright, and they are pumping bch. Then there is no more dump happening, only pumps. And there will be newbies seeing the pump will be enticed to buy bch as well, thus more pump.

I think many people unterestimate BCH. The chances are quite high that it reaches a four digit USD value and stays above this level.

I agree with that. The BCC is pumped by the community with good amount of money or bitcoin.

Yes, and the pump aint over by any means. I expect atleast 800 euro+ today.

Why do you expect it to get to 800 euro+ today?

Is there a specific trigger that caused this pump?

800 euro hit, next stop 1000 euro.

Yeah - but it will take at least two weeks for the bitcoin hashrate to adjust downwards, and in the meanwhile a bunch of noobs who don't understand what is going on will be panicking about their transactions taking forever to be picked up, and we'd get some panic selling on the exchanges. If the panic selling results in the bitcoin price dropping some more, the profitability of mining BTC drops further and more miners switch. Rinse and repeat.

If only we'd just got large blocks a few years ago, we'd be in a different place. Oh well - have kept most of my BCH, so it makes no difference to me which coin takes the top spot.

It's not just 40% OP, it started rising from 0.068 and went till 0.244 which is a ~400% increase in the price and it all happened because miners saw that profitability is increasing day by day at a slower pace in BCH. I am getting scared now that if Bitmain decides to start supporting BCH and if they start mining it instead of BTC, what will happen! It is still continuing its rally and Korean traders are showing extreme support for BCH, now let's see where this clutter stops.

If you monitor closely, there's a slight increase on the number of miners for BCH from 20PH/s to 200 PH/s
Reference  : https://pool.viabtc.com/pool/BCC/state/

Block 479,808 (set for this weekend) will likely trigger a difficulty adjustment downwards 50%, and if the prices of bitcoin and bitcoin cash stay the same, this means miners will make almost double on bitcoin cash what they would on bitcoin.

As you think is worth buying now or the train has already left. The price is approaching $ 1000, it seems to me now should return to $ 400

Wow this is quite a pump. Thats great news. I have to still split mine and claim my bcc but Im too scared to screw up. Maybe one day the prices between btc and bcc will flip. Not sure which one has more potential.

Please play smart gays ..Down and rising BCH are often surprising,my personally doubt the rise of BCH will be stable,experience of past events BCH dropped very sharply,many big loss tranding at the time

Well even if you gain only 10$, you've not screwed up but won :)

The train left, just wait

BCH is causing the alt market to become a mess. Random coins getting pumped or dumped for no reason, very little news. Ive never seen the alt market look like this. Trading right now is a gamble, but of coarse some people becoming an expert after making a few lucky trades lol lets see how your strategy is working after a year of trading alts.

It gains value but it really damages other alternative coins somewhat. Now bitcoin holders carry on to bitcoin cash. It was better to see them return to other alts.

No mush reason than the activities of pump and dump group! I don't see any reason than those that want to take profit from the recent bitcoin upward movement coveting there bitcoin to bitcoin Cash. The price of bitcoin Cash went as high as $1000 this afternoon without mush reason. As at the time of making this post some of the pumpers has started dumping their position.

Yes this bch is already at the peak of the mountain and it is in for a crushing fall, I do not see other options

Agree, i wanna thank Roger Ver and Jihan for the pumps today though! 8)  I managed to up my total BTC stash by 32% today by riding those peaks ;D

https://media.giphy.com/media/awpqNsKuFtXI4/giphy.gif

This pump probably is a good opportunity to cash out BCH. But no way to be sure
if BCH is going to go higher than $1000 or not.

About 900 is look like stong price level. Next step is 1200 or 600)

The price of bitcoincash as of now is already 500 dollars  plus the one reason for sure why bitcoincash increase because many people buy bitcoincash . Many people said bitcoincash  its better to dump instead of pump. But for me its better to pump bitcoincash because I have this coin if this coin pump for sure I can make a profit . So its better to hold your bitcoincash.

Bitcoin cash is in the pumping phase just like bitcoins currently and their current value is above 800 dollars. It was speculated that this coin will have tough time to survive in the crypto market in the presence of bitcoins but the coin is doing well and I don’t think so it is bad to hold onto this coin.

So, do you think will be the Big Pump BCC?

bch continues falling. Beginning of a new pump ? Why would be ?

I assume that this was just the really first and initial pump.
The real pumps will bring it above $2000 someday in september/october in my opinion.
But before that it'll keep retracing and settle somewhere around $400.

Yes, One Pup for BCC is not enough. The Big Guys in this Game! 

How  I can see which bitcoin cash address holds most of BCC coins? Is it possible?

The bitcoincash as of now the price good and continue to increase . I think why the price of bitcoincash increase because of buyer . So I suggestto hold your bitcoincash and for sure you will earn a lot of profit in the future because I believe the price of this coin before end of this year will be 1000 dollars and if that happen you can earn profit. Bitcoincash this the onlu coin I think when they release in the market the price is big.

You can see it on this page:

https://bitinfocharts.com/top-100-richest-bitcoin%20cash-addresses.html

(scroll down for the addresses)

It looks like the bitfinex cold wallet has the most coins

Thanks a lot!  ;D

Lol! You must be happy this person has solved your problem and provided you with the source via which you can check address of the person who is holding maximum bitcoin cash. You seem interesting in buying bitcoins maybe because of its recent fluctuations. Good luck, mate!

Bitcoin Cash falls and falls  :(

I think the ratio of drop is similar to the Bitcoin. The Bitcoin Cash is still the third largest coin.

To the Moon or not?

it is their last game. they couldn't make down bitcoin with speculation, they are trying to sell their bitcoin to bitcoin cash now.

It pumps because there are still many holders and believes in bitcoin cash. Yes some are still selling bitcoin to have a bitcoin cash as this will bring profit also. Well I think it will continue to pump and ofcourse its hard to speculate its value in the future.

I think it's a market strategy. They pump now so that the market will sell their bch when the price is high, making it looks like very stable in that scheme, making it to look attractive to invest. If they succeed, they will be able to attract lots of patron, which is good for them, but may also cause another sequence of events which either be good or bad.

When i see the chart bch possibly reach $700 in october but it is only prediction. I am amaze that bch price still hold above $300. But with these bad news from china maybe it will down further...a lot of miner from china and i read china will ban all crypto trading even it is otc

The reason for BCC pump is that there is a rumor it will rebrand as Bitcoin China. Seems it's gone now

Really? What is the proof about this?

Only speculation as the thread says. There is no real funded news about it. Price fluctuates as per general crypto.

bcc doesn't seem to have pumped even though current price considered very high. There is a sense of optimism that bcc is still strong to increase, not even close the possibility of bcc able to survive after China issued a ban.

Recently, the Chinese government has declared a decentralized digital currency a threat to its economy and, in connection with this, has banned the circulation of crypto currency in its country. It will either try to create its own centralized crypto currency, or make it already existing. According to one of the assumptions, the choice may fall on Bitcoin Cash, since a significant part of its production capacity is located in China. How will this affect his course?

Honestly its survived  after the china FUD and i think BCC will stay active and stay stable at the present price.. for now..

If its located in china why the price still in good level which is still high.. and i think i don't see any centralized crypto currency expect that people will choose to invest to decentralized than centralized currency if china are thinking smart they know that it is impossible to make a centralized crypto that can be gain a good trends and it can adopt by many developers..
For me even  we are seeing really high price increase created by china and its centralized i will still choose bitcoin instead of using their centralized crypto that we do not know if they are just increase and pushing its value or its a bull trap that anytime soon they can sell their crypto that can result of losing investment..Bitcoin cash is just a fork of bitcoin and i think the price of bitcoin cash will be depends in the active movement of the price of bitcoin this is just what i think. .

where is the pump?  ??? ??? https://www.coingecko.com/en/price_charts/bitcoin-cash/usd
still if this is going to be a potential replacer of bitcoin, you know the upside is big

That is right. The miners are abusing the emergency difficulty adjustment, the price is dropping.