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Author Topic: Why has BCH spiked up today?  (Read 502 times)
hoganJ32888
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August 07, 2017, 08:18:53 PM
 #1

If you haven't noticed BCH (bcash) has gone up a ton today.

Why?

Now I'm thinking I should rebuy it?

but also I'm thinking this might be the last spike and then it's gonna go down once kraken clients get their 20 confirmations in and sell it?
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BTcSD
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August 07, 2017, 08:24:36 PM
 #2

If you haven't noticed BCH (bcash) has gone up a ton today.

Why?

Now I'm thinking I should rebuy it?

but also I'm thinking this might be the last spike and then it's gonna go down once kraken clients get their 20 confirmations in and sell it?
Actually no clear reason for that beside the hype of getting listed into poloniex on 14.8.2017 and the prices will continue to rise until we reach that stage . don't get in with all of your assets.

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ahmadakbari
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August 07, 2017, 08:41:58 PM
 #3

I expected this. Bitcoin cash will be one of good altcoins with a good future. Now some investors are buying Bitcoin Cash After all impatients people who wanted to earn quick profit sold their Bitcoin Cash

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August 07, 2017, 08:52:49 PM
 #4

Because everyone was stupid and followed like a herd to dump. It won't ever beat bitcoin but it's going to have decent value.



Cryptiko
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August 07, 2017, 08:58:39 PM
 #5

All I know, is if I buy an Altcoin it will drop the next day.

I'm not buying BCH, so it will probably go up...right?
hajjboy95
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August 07, 2017, 09:16:45 PM
 #6

haha - so its not only me
rooster2000bka
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August 07, 2017, 09:16:51 PM
 #7

The price grow up for BCh! I think is a good Altcoin ( same BTC) and more feature
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August 07, 2017, 09:22:35 PM
 #8

It went up before the BCH clique (in fact a very little of number of very wealthy people) bought them after it got dumped logically by anyone.

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August 07, 2017, 09:28:43 PM
 #9

No-one was mining it, which meant a rule kicked in that makes it easier to mine. I was going to say this makes it more profitable to mine, but that's not true - it just makes it less unprofitable. I'm still convinced that bch has no future. I appreciate that people are making profit by speculating on it, but I can't see that I'd ever trust it. There is simply nothing there. The price could drop to $0 very quickly.


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fatlever
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August 07, 2017, 09:30:05 PM
 #10

Just posted this in another thread but I think it's a combination of...

... fanatical big blockers, the pump and dumpers trying to make a quick buck, people speculating and newbies confused with two Bitcoins with the same symbol with a different angle and a few thousand cheaper. 

Tread with caution.
Tankdestroyer
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August 07, 2017, 09:31:27 PM
 #11

The price grow up for BCh! I think is a good Altcoin ( same BTC) and more feature
I agree with you that it itself is a good altcoin but it wont replace bitcoin IMO.
It went up before the BCH clique (in fact a very little of number of very wealthy people) bought them after it got dumped logically by anyone.
And that is also what they are doing right now. Some of them still has not got a good return on their investment so they are trying to manipulate price. The scene right now is very similar to the times when bitcoin can be easily manipulated by Chinese but either way I dont think that bch would ever surpass bitcoin.
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August 07, 2017, 09:37:10 PM
 #12

Because everyone was stupid and followed like a herd to dump. It won't ever beat bitcoin but it's going to have decent value.

Yes, Even if BCH price fall again, it will rise again and will be one of the most valuable altcoins. I recommend everyone to invest in Bitcoin Cash. It is undervalued now and has a potential to rise in price very much.

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