Bitcoin Cash on the rise! Is this sustainable?

[Abeleez]

BCH/USD up ~8% in the last 24 hours as Bitcoin Cash reaches a new 3 month high! Approaching $1,500 fast! Is the growth bitcoin cash is experiencing lately sustainable?

https://pbs.twimg.com/media/DcOxSDrXkAU70Cd.jpg
https://cryptocoincharts.info/coins/show/bch

It's sustainable because the rise is due to the awareness in many parts of the world and the fact that many investors are getting involved.

[Raziel444]

I think it is just temporary because based on my observation the value of bitcoin is always not stable and it always reach its peak then get low again.

[Ankhesenamun]

No, I can't say for sure that he's holding onto the market right now.a lot can happen with cryptocurrency.

[leavolnhals]

BCH/USD up ~8% in the last 24 hours as Bitcoin Cash reaches a new 3 month high! Approaching $1,500 fast! Is the growth bitcoin cash is experiencing lately sustainable?


https://cryptocoincharts.info/coins/show/bch

I think this is normal because simply their company is working very well. Like the EOS, it keeps rising for a period of $ 8 to $ 20 and never stops. It was a bit of a surprise to me that Altcoin and BCH did. Its price has risen dramatically, making many traders have a lot of profit.
Investing in the BCH at the moment is a smart choice because at the end of 2018 its price is $ 3k.

[Ardan17]

Bitcoin Cash broke away from Bitcoin in August 2017 as a means to make crypto more accessible to the general consumer. Since then, Bitcoin continues to lead in terms of price and market capitalization, but some experts believe that the rise in Bitcoin Cash will continue.

[zoata87]

Personally, I do not believe in natural growth for Bitcoin cash because I think someone is pumping this altcoin to attract new investors looking for Bitcoin alternative.

[hieuho381]

i believe BCH will have potential to rise but it may not be as fast as other altcoins because it is still being dominated by BTC, and because of it is a altcoins born from Bitcoin hard fork, many people still believe btc is always better then hard fork coins so that is why investors only use BCH for pumping and dumping BTC, and the value of BCH is too much depends on BTC, so we can not call BCH a sustainable invesment.

[ASHLIUSZ]

Personally, I do not believe in natural growth for Bitcoin cash because I think someone is pumping this altcoin to attract new investors looking for Bitcoin alternative.

Similar thing happened in the past, while bitcoin was low bitcoin cash was in the peak. By that time it was termed as a manipulated growth. This time bitcoin cash has been showing signs of good growth which makes it more a reliable choice next to bitcoin and ethereum.

[Musia]

Yes it will be sustainable in the future, but right now, he hesitates. But you do not be afraid and invest in it their savings because they multiply several times. As they say, who does not risk does not drink champagne.

[thecodebear]

No it is not sustainable because BCH is a scam coin. As soon as people wise up and decide to stop being scammed most of its value will disappear. The louder Ver and his disciples scream and rant and lie the more people realize that their only goal is to scam and trick people. Besides, Bitcoin's LN makes BCH entirely obsolete no matter what argument the scammers take.

[South Park]

I bought some bitcoin cash last year when I just entered the crypto world. At that time the price is like $3000. Then later it keeps falling. I am sill under water right now. Will wait to see if I can make profit some time soon.

You bought bitcoin cash at 3000? The price still went up a little bit more after you bought, if you have made that move as a short term investor you could have sold your bitcoin cash and obtained some small profits, but it seems that you bought those coins as a long term investor and in my opinion that was a huge mistake, because it is going to take a while for bitcoin cash to reach that price again.

[bitcad4u]

Now the bitcoin cash price reaches another peak ,the price of BCH is 1650$.This seems the positive move of the bitcoin on the market.The people who had holding the bitcoin cash will get enormous profit now.Hold your BCH till tomorrow,anything happen in the price tomorrow.May be the price will reach 2000$ by tomorrow.

[removebeforeflight]

Bitcoin Cash is the next big thing after Bitcoin and it has emerged as the best crypto in altcoins section beating Ethereum in price wise. I think Bitcoin Cash would rule the altcoins section for a while and it would be a tough competitor for Ethereum and other altcoins for some years. Only the market cap is bit low for Bitcoin Cash but the price and other specs are amazing for this crypto.

[FelagaComp]

I bought a little bch and I will sell it on 14 May. For a long time I do not see any reason for investing...

[thecodebear]

Bitcoin Cash is the next big thing after Bitcoin and it has emerged as the best crypto in altcoins section beating Ethereum in price wise. I think Bitcoin Cash would rule the altcoins section for a while and it would be a tough competitor for Ethereum and other altcoins for some years. Only the market cap is bit low for Bitcoin Cash but the price and other specs are amazing for this crypto.

This really couldn't be more wrong. It has no long term prospects. Bitcoin Cash is a cheap knock off whose only purpose for existing is to live off the coattails of the Bitcoin name (hence why anyone who supports it is always trying to convince everyone that it is actually Bitcoin). It doesn't bring anything new to the table that hundreds of altcoins don't already do. It was basically made to make a few people rich with free money. It has much slower blocks than many altcoins, and it is embarrassingly slow and unscalable compared to Bitcoin's LN. It is also a highly centralized coin with a handful of people deciding to hard fork it here and there whenever they please which means you can't trust in its long term value. And considering the only scaling approach they have is the naive "keep increasingly the blocksize" approach if it ever actually gets used all but the richest miners will have to drop out so it will be highly centralized not just in governance but in mining as well.

When a coin only uses about 50KB of their blocks and they decide to hard fork from 8MB to 32MB just for show in order to have talking points in attacking Bitcoin on social media you know that is a coin you want to stay away from!

It's a pump and dump coin. I wouldn't ever bother even trading it because it could be dumped at any time. Last year in just 5 months of existence it got pumped and dumped several times.

[leea-1334]

Now the bitcoin cash price reaches another peak ,the price of BCH is 1650$.This seems the positive move of the bitcoin on the market.The people who had holding the bitcoin cash will get enormous profit now.Hold your BCH till tomorrow,anything happen in the price tomorrow.May be the price will reach 2000$ by tomorrow.

No, no hold it til it reaches $10k. Get all your fork coins. In fact, buy more Bitcoin Cash because since coinmarketcap stopped listing Bitcoin.com, it seems there is still plenty of BCH to buy and the poor innocent people who bought BCH thinking it was Bitcoin need to sell theirs. So keep on buying it, people, if you really believe it can be the alternative to Bitcoin, put your money where your faith is. That is how to do it!

[merrillolive]

I believe in BCH, They are coin with high rate of increase and sustainability. But despite rising, they still follow the trend of the market. Not every penny will increase forever. The BCH has fallen, but it will rise again.