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Author Topic: Korean market push BCH price up  (Read 1108 times)
dennyd999 (OP)
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August 19, 2017, 09:25:19 PM
Last edit: August 19, 2017, 11:26:36 PM by dennyd999
 #21

Trading volumes of BCH very high on BCH/ KRW pair. Korea is pushing it up now.
According to Coinmarketcap the most volume are on korean exchanges. Bithumb,Koinone,Korbit.
Any adequate reasons for that?
I see only mining price.It is cheaper than bitcoin and if price will be the same as for now.more profitable.
But pure adoption ,no innovtions and strange nature of birth telling me that it is big pump/dump again.
The volume has changed drastically and the price have risen three fold in the past three days and if it continues to soar like this we might see some new projects and innovative things coming out that supports bitcoin cash as well,it is the early stages and you really cannot predict that now,so give it some time and will see what the future holds .

Let do this,because offcourse this project gived us some free money. Let respect it to
Olivious
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August 19, 2017, 09:51:38 PM
 #22

Its not just korea that pumps bitcoin cash, people are just riding the trend about mining bitcoin cash is more profitable than bitcoin.
That will surely dump when miners start to mine bitcoin again, if its really gambling to you, then its RISKY.
dennyd999 (OP)
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August 19, 2017, 11:31:00 PM
 #23

Its not just korea that pumps bitcoin cash, people are just riding the trend about mining bitcoin cash is more profitable than bitcoin.
That will surely dump when miners start to mine bitcoin again, if its really gambling to you, then its RISKY.


Oh really if it will give the same opportunity to mine as it was before with my pc..its cool idea.

Or we dont speak about hobby mining?

Let search how profitably..

Maybe there is more gifts with BCash
Pfizer
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August 19, 2017, 11:36:06 PM
 #24

Trading volumes of BCH very high on BCH/ KRW pair. Korea is pushing it up now.

According to Coinmarketcap the most volume are on korean exchanges. Bithumb,Koinone,Korbit.

Any adequate reasons for that?

I see only mining price.It is cheaper than bitcoin and if price will be the same as for now.more profitable.

But pure adoption ,no innovtions and strange nature of birth telling me that it is big pump/dump again.

Korean people are very addicted to gambling, do not fall in it too.


I don't see the point behind their support for BCH. For Chinese manipulators, yes, they like BCH very much to maniuplate the market and cause a chaos, but why Koreans...

I'm sure they will fail on BCH pump. The community didn't like BCH idea and the majority doesn't support it.
Crytpozer0
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August 19, 2017, 11:38:07 PM
 #25

Price is pretty stable this whole day, what do you guys think, will it grow ?

dennyd999 (OP)
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August 19, 2017, 11:52:21 PM
 #26

Ok let do the calculations..

Its to big just for gambling.

I have an idea that some energy company of korea with acces to mining do that pump.

There is not so many national companies to access so many electricity for mining.

But with next move mining dificulty decreasing,so the price too..


connexus
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August 19, 2017, 11:58:35 PM
 #27

Maybe most Koreans were too late for the bitcoin party that's why they're pumping BCH to the max, thinking it might achieve a parity with BTC.
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August 21, 2017, 08:01:51 AM
 #28

BCH is already on 15+ exchanges and have ~ 10 businesses supporting it:
https://np.reddit.com/r/btc/comments/6uobro/businesses_supporting_bch/?st=J6JR2O4N&sh=f5255297

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