Where is going BCH ?

[illinest]

1 BCH = 1200 usd then 2000 USD then 800 USD then 1100 USD and so one in a small period of time

It sure trades like a highly-manipulated altcoin, doesn't it? It's really an embarrassment to the market, especially as Bitcoin begins to garner attention from the mainstream investment community. Surely not befitting of the "Bitcoin" name, that's for sure. But open source licenses and no trademarks......I guess it's all fair game from a legal perspective.

Many people says that it will be the next bitcoin especially . Others doesn't agree and they says that it's a shit coin
What's your opinions ?

It has no developer community. There is one anonymous lead developer who seems to be a puppet of Jihan Wu and a few part-time unknowns. Its mining is highly centralized: the vast majority of the hash rate comes from one entity (Bitmain).

I've got nothing against opt-in forks with replay protection, but the way they've attempted to pump Bcash by spamming the BTC network and FUDing about high fees is pathetic.

Jihan Wu and Bitmain (and their allies) are a formidable opponent. They have money and they understand game theory. But never forget that they're just pushing a highly centralized shitcoin with very little technical innovation and almost no network activity.

[entebah]

This is just a kind of panic from BTC trading. they hold several Bitcoins to face hardfork. but HF is canceled and they spontaneously transfer their assets to the BCH exchanges. and booom ... they pump up and after that they throw it away quickly.
nothing special from BCH, and they are back to BTC now.

[marky89]

Either down or around the same level, but it won't moon again soon.

I tend to agree. The price rose far too fast, resulting in an Eiffel Tower crash. These kinds of crashes are very difficult to recover from, since so many holders have experienced very severe losses. These bagholders tend to sell into every bounce, further pushing price down.

It's tough to say, though, because there is so much manipulation in the market. My guess is that this bounce is just a "dead cat bounce" and that we will test previous support in the $600s. If there is high volume selling into that level and price bounces hard, then there is a good chance that will be a long term bottom.

[ChrisPop]

BCH is going down guys, it is just a stupid hard fork coin created for manipulation and further accumulation of bitcoins for the wales. Noobs are the ones who get hurt as they usually bite at every rumour,hype, FOMO, FUD,etc.

[DAN444]

Bitcoin Cash rising now..to reach new highs soon ?

[elimi]

I think Bitcoin Cash being the legitimate place of Bitcoin embodies an improvised protocol for improvement unlike Bitcoin gold and all the forks will happen in the future. By saying that, it is only fair to say that BCH will be the most important competitor for BTC because it recently even labeled the ETH market wisely.

[arwenphoenix]

Hello
1 BCH = 1200 usd then 2000 USD then 800 USD then 1100 USD and so one in a small period of time
Many people says that it will be the next bitcoin especially . Others doesn't agree and they says that it's a shit coin
What's your opinions ?

IMO people are not trusting Bitcoin Cash at all. The big change of it's price already improve it. People are buying it but then selling it at the next week.

[redcrystal]

I think that all coins will go up. What the top value for any coin will be, who knows. I don't for see the market going down and staying down long if it does drop. Long term crypto up much higher.

[stunvn]

Bitcoin Cash rising now..to reach new highs soon ?

No way!!!

BTC is in correction phase right now, that's why BCH is rising atm.

BTC maybe will be back to 7000-7200. It have been raised more than 4 days.