Anyone know why BCH is going up?

[MoonIsBlue]

My two cents is that you can expect BCH to be pumped the next two weeks so miners switch hashpower to BCH from Core. This leaves less mining power on Core and could make it easier for btc1 to take over from Core at the hardfork. All the mining power on BCH could be transferred to btc1 at the right time if Chinese miners are actually coordinating a takeover.

Seems like the most logical explenation of all. Thanks for that.

[rainangel7]

going up for the next days, but surely will drop back again soon

[jakelyson]

Yeah, just another pump and dump design to trap newbies into investing into bch. I have not seen any good news about bch in this forum or any other sources outside forum to warrant this surge. I just pity those newbies who will fall into this trap.

[bucciarati]

it is simply because people were expecting BCH to be pumped because of SegWit2x right after the bitcoin gold fork happened. so they are acting up on it and buy BCH with their money so the price goes up. it is all speculation.

this will continue this way with a small and slow rise until BCH starts its real pump to enter the bubble and if bitcoin continues having the issues it has today with the spam attack and big backlog, the BCH pump will only grow bigger and bigger.

it is all profit though, i am not complaining. more bitcoin for all of us altcoin traders. let them pump BCH, we should just remember to dump it on top and not hold more than we are supposed to.

sorry but i don't get the correlation between bitcoincash pump and segwit2x fork in november, can you explain me please you point of view on the subject?
thank you

[BTCLovingDude]

it is simply because people were expecting BCH to be pumped because of SegWit2x right after the bitcoin gold fork happened. so they are acting up on it and buy BCH with their money so the price goes up. it is all speculation.

this will continue this way with a small and slow rise until BCH starts its real pump to enter the bubble and if bitcoin continues having the issues it has today with the spam attack and big backlog, the BCH pump will only grow bigger and bigger.

it is all profit though, i am not complaining. more bitcoin for all of us altcoin traders. let them pump BCH, we should just remember to dump it on top and not hold more than we are supposed to.

sorry but i don't get the correlation between bitcoincash pump and segwit2x fork in november, can you explain me please you point of view on the subject?
thank you

for ages whenever bitcoin has some issue (spam attack and high fees, China saying some shit, ETF being rejected, bitfinex was hacked,...) and there is a small bear market happening, the altcoins take advantage of this and pump hard.

for example you can look for the topics of beginning of this year February and March to see how Dash and Ethereum pumped hard because of bitcoin's big backlog and slow transactions.

we know the S2X thing will bring drama and what better altcoin to pump than bitcoin cash? so the speculation was there already and every pumper in place. and the simple expectation alone means price will be pumped.

there is also what BitcoinNewsMag said above. we all know bitcoin cash is more like an attack on bitcoin. evidence is the EDA that they have implemented in it to make it profitable and alive. so it is logical to think this pump is also an attack.

[Herman Hesse]

There will be some more Bitcoin Cash to sell after 1.1. 2018. when Coinbase makes it possible to withdraw it.. not all had Bitcoin in their private wallets..

Although the amount locked at the moment at Coinbase  is not too significant, because majority of holders was smart and cautious not to leave Bitcoin on Coinbase then..

[plku631]

South Korean is the only country that encourages BCH trading volume continues to increase. South Korean stocks include the earliest announced support for BCH trading and also in Korean.. BCH is traded to Korean Won (Korean currency). Well, surely i think this can be affect on BCH price is going up!

[alyssa85]

The reason it is going up is because Bitpay have announced that they might be including bitcoincash as an option in their merchant services.

Loads of retailers use bitpay, but usually the only option is bitcoin, no alts. So this is major stuff.

Here is the source of the info:

https://www.reddit.com/r/btc/comments/7976p9/bitpay_ceo_hints_at_possible_bitcoin_cash/

BitPay CEO hints at possible Bitcoin Cash acceptance: "We do listen to our customers and for quite some time their number 1 complaint has been the high fees and slow confirmation times. We really don't like to pre-announce things though. Things move fast and plans can change at the last minute. "

[Ewox]

Reason could be because of Bitcoin Gold. Or there might be some other good news brought about this coin and is the reason why it suddenly increased its price. But that's good to know, especially when there are some of you guys here holding on to this altcoin.

[FiendCoin]

BCH is going up due to Growing adoption by retailers, low fees, rapid innovation snd fast transsctions. Btc is now being used by large corporations and global exchange support for btc continues to grow.

Bcash is going up for 1 reason, the Koreans are buying it (70% of the volume), they like to gamble. Adoption my ass  


Edit: Also, apparently some Chinese miners are buying bcash with profits from Bitcoin, probably through Korea.

Jiang Zhuoer, founder of the world's third-largest mining pool, BTC.Top

"To be honest, I do not care about bitcoin now, bitcoin cash is bitcoin. I earn by mining bitcoin, [selling it] and buying bitcoin cash. We mine for the most profit and buy bitcoin cash."