Was Bitcoin Cash a Pump Dump?

[Yakamoto]

Ended up loosing big money today, BCC started rising like crazy, brought 37 BCC's (some @ $530 and remaining @ 0.233 BTC) on kraken.

It went all the up to $811 on kraken and now falling endlessly, $310 at the time of writing this post.

My net balance of over $23000 is down to less than half at a little over $11,000.

Bruh, real talk for a moment.

Why in the seven circles of hell would you ever buy $23,000 of BCC? It was bloody obvious it was going to be a trash investment and it was going to dump after it was released because everyone got their hands on it. This is something you should have seen coming if you were looking at the community beforehand.

BCC was something built to be a dump, and now you're going to have to deal with that. I don't even know if I have some BCC lying around but I'll see if I can cassh in on this scheme.

Holy moly I didn't think that there were going to be some people who would actually buy into BCC.

[1714902197]

1714902197

[Harry Callahan]

Ended up loosing big money today, BCC started rising like crazy, brought 37 BCC's (some @ $530 and remaining @ 0.233 BTC) on kraken.

It went all the up to $811 on kraken and now falling endlessly, $310 at the time of writing this post.

My net balance of over $23000 is down to less than half at a little over $11,000.

There is nothing you can do now,the best thing you can do is to wait for sometime and see how the values goes,if you really check the markets where they are listed,only bittrex and kraken had these mad rallies,but the rest of the exchanges had a stable price when you check coin market cap,i never sell coins at a loss,but the risk is higher here,either you can wait for a while or sell off at a loss .

[Thatstinks]

Ended up loosing big money today, BCC started rising like crazy, brought 37 BCC's (some @ $530 and remaining @ 0.233 BTC) on kraken.

It went all the up to $811 on kraken and now falling endlessly, $310 at the time of writing this post.

My net balance of over $23000 is down to less than half at a little over $11,000.

There is nothing you can do now,the best thing you can do is to wait for sometime and see how the values goes,if you really check the markets where they are listed,only bittrex and kraken had these mad rallies,but the rest of the exchanges had a stable price when you check coin market cap,i never sell coins at a loss,but the risk is higher here,either you can wait for a while or sell off at a loss .

"never sell coins at a loss"

Exactly, HODL and youll get your money back eventually...err hopefully, maybe tonight even

[Tyrantt]

what exchanges are offering BCH besides Kraken and Bittrex? Should I be investing some money into btc to get bch? never payed that much attention to BCH, always seem like a dead end of btc.

[ladydark]

Ended up loosing big money today, BCC started rising like crazy, brought 37 BCC's (some @ $530 and remaining @ 0.233 BTC) on kraken.

It went all the up to $811 on kraken and now falling endlessly, $310 at the time of writing this post.

My net balance of over $23000 is down to less than half at a little over $11,000.

You have done a great mistake by buying BCC which has been freely got by BTC holders.Its totally a foolish act.Now,just sell your BCC as fast as you can as there is no chance of price recovery.Its just a pumped coin and soon its getting dumped by its holders.

[zarados]

Ended up loosing big money today, BCC started rising like crazy, brought 37 BCC's (some @ $530 and remaining @ 0.233 BTC) on kraken.

It went all the up to $811 on kraken and now falling endlessly, $310 at the time of writing this post.

My net balance of over $23000 is down to less than half at a little over $11,000.

Most of member who have it for free, while you buy it over $23k? are you a newbe trader, or youre a gambler? It is so big risk to invest in bcc while its a new comer, everyone still studying its movements, and what if its have a relation with bitcoin. Never trust the new comer so quickly. Well I hope you have a good luck, so you can see the pump again and take some profits. But for long term, its so risky and dangerous thing for your money. Think about it dude.

[CryptoBoomers]

Ended up loosing big money today, BCC started rising like crazy, brought 37 BCC's (some @ $530 and remaining @ 0.233 BTC) on kraken.

It went all the up to $811 on kraken and now falling endlessly, $310 at the time of writing this post.

My net balance of over $23000 is down to less than half at a little over $11,000.

Most of member who have it for free, while you buy it over $23k? are you a newbe trader, or youre a gambler? It is so big risk to invest in bcc while its a new comer, everyone still studying its movements, and what if its have a relation with bitcoin. Never trust the new comer so quickly. Well I hope you have a good luck, so you can see the pump again and take some profits. But for long term, its so risky and dangerous thing for your money. Think about it dude.

He totally had the right idea actually, he just didn't exit in time and if he did he would have been up. I did this as well and timed it properly, and turned 4.5btc into 8.3btc..

[Hui8]

Ended up loosing big money today, BCC started rising like crazy, brought 37 BCC's (some @ $530 and remaining @ 0.233 BTC) on kraken.

It went all the up to $811 on kraken and now falling endlessly, $310 at the time of writing this post.

My net balance of over $23000 is down to less than half at a little over $11,000.

That was idiotic to trust something like BCC even after being told hundred times on the forum. There were so many threads regarding investing into Bcc and the conclusion was clear that one should not invest into it. Anyway you could just wait and wait for long until it comes up. Don't do panic selling now let the value increase to little more at least.

[cyyap95]

Ended up loosing big money today, BCC started rising like crazy, brought 37 BCC's (some @ $530 and remaining @ 0.233 BTC) on kraken.

It went all the up to $811 on kraken and now falling endlessly, $310 at the time of writing this post.

My net balance of over $23000 is down to less than half at a little over $11,000.

There is nothing you can do now,the best thing you can do is to wait for sometime and see how the values goes,if you really check the markets where they are listed,only bittrex and kraken had these mad rallies,but the rest of the exchanges had a stable price when you check coin market cap,i never sell coins at a loss,but the risk is higher here,either you can wait for a while or sell off at a loss .

"never sell coins at a loss"

Exactly, HODL and youll get your money back eventually...err hopefully, maybe tonight even

This is so wrong, never buy in any position without setting a take-profit and stop-loss price, even the billion investors have stop-loss when entering a position, the "never sell at a loss" idea is simply a joke.

[Vishnu.Reang]

This is really crazy. I checked the exchange rates in Bittrex, and right now it is going at 1 BCH = BTC0.34650000. In Cryptopia also, the rates are quite high at 1 BCH = BTC0.25856500. But still the spread between the two exchanges is very wide.

[cyyap95]

This is really crazy. I checked the exchange rates in Bittrex, and right now it is going at 1 BCH = BTC0.34650000. In Cryptopia also, the rates are quite high at 1 BCH = BTC0.25856500. But still the spread between the two exchanges is very wide.

So far these 2 platform does not allow deposit of BCC, so all I can say is the price from a closed market isn't meaningful. ViaBTC, the only exchanges I was able to deposit and sell my BCC, the price is at 0.155BTC/BCC now.

[Priceslide]

Ended up loosing big money today, BCC started rising like crazy, brought 37 BCC's (some @ $530 and remaining @ 0.233 BTC) on kraken.

It went all the up to $811 on kraken and now falling endlessly, $310 at the time of writing this post.

My net balance of over $23000 is down to less than half at a little over $11,000.

Damn we got some noobs hanging out here . Yeah dude don't trade with emotion. Read my blog priceslide.wordpress.com and get some insight and tips.

It's pretty obvious that there was gonna be another big rise tonight. The exchanges won't enable wallets for days. FREE MONEY YAA!!!

[Vishnu.Reang]

This is really crazy. I checked the exchange rates in Bittrex, and right now it is going at 1 BCH = BTC0.34650000. In Cryptopia also, the rates are quite high at 1 BCH = BTC0.25856500. But still the spread between the two exchanges is very wide.

So far these 2 platform does not allow deposit of BCC, so all I can say is the price from a closed market isn't meaningful. ViaBTC, the only exchanges I was able to deposit and sell my BCC, the price is at 0.155BTC/BCC now.

Oh.. OK... So that may be the reason why the rates are quite high in Bittrex and Cryptopia. I guess the deposit feature is not working in YoBit as well. The rate is around BTC0.311 right now (close to $950 per coin). 

[Sadlife]

BCC holders were waiting to dump their BCC since yesterday because the deposit and withdrawal were all disabled or restricted by exchanges and bitcoin wallet providers. It is really a pump and dump altcoin yesterday it was $430 now it became $300 or lower i haven't look at the price yet. People should really convert it before it loses value in the market while on other hand bitcoin price will be unstoppable and will continue to surge there should be only only one main crypto currency. Im planning to get bcc then convert it to btc, i wonder if bittrex is a good site.

[Thatstinks]

Its up $250 the last 11 hours.

If you held you would have made money on the $530 purchase, how do you dump a coin your in at a loss on within 24 hrs?

[Vishnu.Reang]

BCC holders were waiting to dump their BCC since yesterday because the deposit and withdrawal were all disabled or restricted by exchanges and bitcoin wallet providers. It is really a pump and dump altcoin yesterday it was $430 now it became $300 or lower i haven't look at the price yet. People should really convert it before it loses value in the market while on other hand bitcoin price will be unstoppable and will continue to surge there should be only only one main crypto currency. Im planning to get bcc then convert it to btc, i wonder if bittrex is a good site.

There has been no major dump as far as the BCH is concerned. Check the charts from Coinmarketcap:

https://coinmarketcap.com/currencies/bitcoin-cash/

The prices have been more or less stable for the past 48 hours, with the BTC vs BCH exchange rates staying at around BTC0.16 to BTC0.17 most of the time.

[CryptoSocial]

I started noticing at at around $370 and was skeptical about buying it, however soon I saw it rising and rising and rising, it went up to $1300 on Yobit, and over $1100 on Coingeeko, this tempted me to jump into the game and buy more and more of it, till the time I ended up spending all my $ balance, my ETC balance and my BTC balance.

[Invester]

Ended up loosing big money today, BCC started rising like crazy, brought 37 BCC's (some @ $530 and remaining @ 0.233 BTC) on kraken.

It went all the up to $811 on kraken and now falling endlessly, $310 at the time of writing this post.

My net balance of over $23000 is down to less than half at a little over $11,000.

WTF were you thinking when you bought BCC with a huge $23,000? Deym! That must be one very wrong move! You could have at least read some comments here whether it is wise to buy BCC this time. You could have learned some tips. BCC is good for dumping, at least for now. I don't know when it will rise again.

[CryptoSocial]

It's still rising everywhere else then Kraken, on Yobit it's $950 right now, I wish it rises to a point in Kraken where I could make even with the losses and convert it back to BTC.

[DannyDash69]

Ended up loosing big money today, BCC started rising like crazy, brought 37 BCC's (some @ $530 and remaining @ 0.233 BTC) on kraken.

It went all the up to $811 on kraken and now falling endlessly, $310 at the time of writing this post.

My net balance of over $23000 is down to less than half at a little over $11,000.

it's at $425. now on KRAKEN 4:36am est... seems to be on the up again... try and sell some as it rises to recoup... 
You never know, it may spike again B4 Aug. 10th... Good luck !