Theory - BitcoinCash @ $500 maintained by bots to keep the mining profitability

[Zaizoun]

It was the Korean market and the miners who were responsible for the large move last night. Whether or not they were bots, I don't know but I can almost guarantee that it will drop either tonight or tomorrow when the Koreans wake up and see the current price.

[1715391135]

1715391135

[soothaa]

I have been seeing more and more theories about such things, the current one is that they are pumping up BCH to make it more profitable to mine since there is a BTC difficulty adjustment coming up. With those adjustments it will suddenly become more profitable to mine BCH perhaps up to two weeks long. This could cause a rather large problem for BTC due to the lack of hashing power blocks will be found much slower and the network will bog down. Interesting times for sure!

[DaMut]

lets talk about other theory,
BCC/BCH price keep increasing and Bitcoin Price also,
other than that we will face another split in the next 2 months or around that time,
this one will be the worst one in my opinion,and look at what happen with Bitcoin price ?
keep increasing,even we don't see any pullback at all,so what will happen a week or a few days before that shit storm happen ?
i am not saying anything,but think about it and prepare yourself.

only 1 purpose they create this altcoin,which is to get more Bitcoin

[Razick]

Yeah the pump is absolute bullcrap. If I had any Bitcoin Cash, which unfortunately I don't, but if I did I would dump it all as fast as possible. There is no reason for the price jump at all. BCH is just an altcoin... why on Earth does anyone think it is special or different from any other crapcoin? It's not.

[infinity_times_nil]

It doesn't matter if it is a human person or a bot, someone needs to supply some money for this, right?
And yes, it will be profitable to mine it, but for how long? It's either a ploy to get people on board, then it is a really expensive and risky one or there is something else happening. I'm really looking forward to the next few weeks.

[darthmaul]

It was the Korean market and the miners who were responsible for the large move last night. Whether or not they were bots, I don't know but I can almost guarantee that it will drop either tonight or tomorrow when the Koreans wake up and see the current price.

They are responsible every alt coin's move as they are known as most viable pumper in the market. They love manipulated traded a lot and they will keep doing this forever to eat out the profits. There are many threads asking for such groups and it is proven that Koreans are real deal behind the scenes.

Its not just about he BCC alt coin but about every alt coin. These guys will just manipulate the new potential coin according to them to grow it, get the profits and then dump it again! Better stay away from such trading or investment where we know there will be Koreans on the ass! Who knows when they will pump or dump, better go for alternate altcoin during this period!

[klf]

Yeah the pump is absolute bullcrap. If I had any Bitcoin Cash, which unfortunately I don't, but if I did I would dump it all as fast as possible. There is no reason for the price jump at all. BCH is just an altcoin... why on Earth does anyone think it is special or different from any other crapcoin? It's not.

As you said people are just buying it as an altcoin and thinking that some one may pump even higher so that they can make some quick bucks. But shouldn't be very greedy in this particular situations because if it starts moving down then the movement will be faster so it is better to book some profit now and be safer. I sold my BCH coins already.

[batang_bitcoin]

lets talk about other theory,
BCC/BCH price keep increasing and Bitcoin Price also,
other than that we will face another split in the next 2 months or around that time,
this one will be the worst one in my opinion,and look at what happen with Bitcoin price ?
keep increasing,even we don't see any pullback at all,so what will happen a week or a few days before that shit storm happen ?
i am not saying anything,but think about it and prepare yourself.

only 1 purpose they create this altcoin,which is to get more Bitcoin

I agree with this theory so base on what we did seen in the last split. The price of BCH pumped for a couple of days and it started to fall in the next days, people who are getting these coins are just going to have some fun and will get free money out of thin air. This is the goodness of the past split and for sure the upcoming one will do the same to bitcoin.

[panju1]

I have been seeing more and more theories about such things, the current one is that they are pumping up BCH to make it more profitable to mine since there is a BTC difficulty adjustment coming up. With those adjustments it will suddenly become more profitable to mine BCH perhaps up to two weeks long. This could cause a rather large problem for BTC due to the lack of hashing power blocks will be found much slower and the network will bog down. Interesting times for sure!

If that is the case, shouldn't the pump happen after the BTC adjustment? After all, you wouldn't want the required hashing power on the BTC chain to go down, if your aim is to make it difficult to mine on the BTC chain.

[Bingooop]

lets talk about other theory,
BCC/BCH price keep increasing and Bitcoin Price also,
other than that we will face another split in the next 2 months or around that time,
this one will be the worst one in my opinion,and look at what happen with Bitcoin price ?
keep increasing,even we don't see any pullback at all,so what will happen a week or a few days before that shit storm happen ?
i am not saying anything,but think about it and prepare yourself.

only 1 purpose they create this altcoin,which is to get more Bitcoin

This theory can be correct as mining include the profit of the user as well as the profit of bitcoins holder so to maintain the profit margin bots keep a minimum amount of money which is pure and simple currency

[goldenchip]

Maybe, or there is a lot of hype around this in South Korea. Bithumb alone has 37% volume. https://coinmarketcap.com/currencies/bitcoin-cash/#markets

[GreenBits]

It was the Korean market and the miners who were responsible for the large move last night. Whether or not they were bots, I don't know but I can almost guarantee that it will drop either tonight or tomorrow when the Koreans wake up and see the current price.

ill accept this, decent evaluation.

the market cap is entirely too small.  hence, its easy to manipulate this market. there is a reason why you dont see 'pump groups' for major currency pairs or major securities. you wouldnt get too far, LOL, it takes massive amounts of capital to move the market even one inch, if a market is truly legitimate. so, your theory is possible, and pretty valid imo. Juhan has a huge incentive to see BCC go far; and his miners will seek the most profitable coin, because this has always been about money i dont like this for the ecosystem, because I dont like to see our resources divided behind our ideological split. like our country, things dont work well divided. but meh.

like the previous poster stated, these are indeed interesting times.  

[mrcash02]

I don't know if it's bots or not, but the pump is artificial, just to give false impression the coin is strong, to make people mine and start holding it... Same way the price increases, it falls, it will happen soon. The asiatics have enough power to cause these movements on the market, they wouldn't change Bitcoin for Bitcoin Cash if they wouldn't have more power to show up.