BTC Dump - BCH Pump + 45%

[xianbits]

For sure there will also be a correction in BCH soon. Everyone wants BTC, some just shifted to BCH to join the ride about the effect of B2X cancellation but surely, they will still go back to where the come from, the BTC.

[peter0425]

For sure there will also be a correction in BCH soon. Everyone wants BTC, some just shifted to BCH to join the ride about the effect of B2X cancellation but surely, they will still go back to where the come from, the BTC.

It will definitely get a correction. We all know that Jihan and company are just pumping their coin. They want to flex some muscle in the community and try to show that they can do and bitcoin cash in the real "bitcoin". However, I felt bad for some traders who are swayed by them. Because sooner or later they dump  this coin and if you sleeping during that time, its gonna be a rude awakening for you. Its now getting closer to $1K, but I'm expecting that the dump will come sooner as expected.

[Kunlejoe0]

Bch can never be bitcoin. Itay pump and has it's value and all that, but how many people are using bch as currency. Bch is only feed on bitcoin popularity and in nearest future it's going to fizzle out like the rest of copycat

[atronax]

It's likely another fomo case to take some profits away from the beginners. Great opportunity to lose some redundant money. 

[shamzblueworld]

Its quite interesting that due to segwit cancellation, only bitcoin cash is getting majority support(investment) hence the value rise. Almost all other altcoins are also suffering, which is a surprise to say the least.
But its good that I've been holding my BCH till yet, I think its wise to keep em holding too. 

[wantjokull]

I think thats not wise now to sell your bitcoin because you could insure big loss by doing so. Before converting to multi coins think twice and give bitcoin to pop some rates again. I mean try to get little less loss if the bitcoin price is not getting upto the mark. Then yes you can buy again once the currency is down below to lowest mark this time. That would be great point for investing because we now know that bitcoin market can reach the 7K rate easily. This time when the segwit2x will be announced again then the prices are going to be wild because people know this time it is fro sure beneficial. Im waiting for this scenario to happen within next month or so.

[shan05]

Yes.  Was even surprised that large amount was missing on my wallet.  Bitcoin really dumps.  But i believe it will not go long. After such a while, it will fo u again. Best time for us to invest. We will make great profit to this.

[DaMut]

people claimed that BCH is much more better than Bitcoin ?
because the block size is higher than Bitcoin ? only because of that it would not make it even better.
the reason why would they 'suspended' it due to Bitcoin supporter/community.
if you ever do your own research you will see that a lot of people cons and pros with it.
what will happen if they keep forcing it ? we should see a chaos in cryptocurrency.
increasing the block indeed is a crucial thing,it's just matter of time when everybody try to accept it and with that there'll be no more fight between one and another like we did a few days ago when we're facing the segwit2x.

Bitcoin dump due to their cut lose position,
how about BCH pump related to Bitcoin in other way ? like they're accumulating money from BCH.
in order to push Bitcoin price ?
why they did not take their profit from this BTC bullrun and then start the pump again ?
because of the cancelation of Segwit2x,many people felt secure about it and of course if the price is dumping.
it would lead the price to the place called 'chaos'.
so if i was you,i would not buy BCH for a long investment.

[KuromaYoichi]

How come? Should i trade for Bitcoin Cash?
Didn'(t see that coming but proberly cause of X2 cancellation
Man wished i did trade it today instead of 10% loss on BTC I could off had 40% increase..
What to do??

Would have been great if I did these conversions the last 2 days (but didn't)
BTC > Litecoin > ETH > BCH > Fiat
Wait for BTC to dump and buy again

I think that's because a lot of BCH holder sell their BCH for bitcoin in order to get the X2 coin, but because they cancelled the segwit 2x fork, they are going back to BCH because BCH offer that bigger block similiar to 2x. In the long run, the majority support will still on bitcoin so it's the best to stay in bitcoin, this is just a correction for that meteoric rise we have before.

[legendbtc]

Bch can never be bitcoin. Itay pump and has it's value and all that, but how many people are using bch as currency. Bch is only feed on bitcoin popularity and in nearest future it's going to fizzle out like the rest of copycat

Exactly, nobody is waiting for BCH price. People are bothering about the Bitcoin price and when it will reach to 10000$ mark. Right now BCH is pumping but soon the price will dump again to 600$ mark.

[Pursuer]

How come? Should i trade for Bitcoin Cash?
Didn'(t see that coming but proberly cause of X2 cancellation
Man wished i did trade it today instead of 10% loss on BTC I could off had 40% increase..
What to do??

it was the easiest speculation so far and it was the most expected also! how did you miss that?

everyone was  expecting bitcoin cash to get pumped the closer we got to SegWit2x date (mid November) and that expectation alone was enough for the first part of the pump and then as others became sure that speculation was true they jumped in and also the pumpers started their pump by then. hence the big pump you are seeing now.

Would have been great if I did these conversions the last 2 days (but didn't)
BTC > Litecoin > ETH > BCH > Fiat
Wait for BTC to dump and buy again

that is how the market is always going to be when you don't pay attention to the details. you always miss out on the rises. and your route is a big mistake too. you are choosing two useless steps in the middle (LTC and ETH) neither of these did any good. they had some little dead cat bounce and now they are going down again.

when participating in pumped altcoins you go directly from BTC to that pumped ALT and then you dump that ALT for BTC when it reaches its bottom not back to fiat!

[N0ssi]

That's why BCH rises:

https://cointelegraph.com/news/bitcoin-classic-shuts-down-as-staff-claim-bitcoin-cash-will-rule-in-6-months

[khufuking]

Can not wait to see the look on the face of some people when they see that BCC move is just a pump dump move like any other altcoin . Infact it waas perfect time to do this pump . News about SX2 canceled , Normally BTC will retreat as people stop buying BTC ( No more free money from fork ) , People that unaware of what is really going on see BCC rise and BTC dumped ( Oh bcc is gaining vs btc ) and will be miss lead to buy into bcc . It is just was perfect move . There is really no reason to this pump , SX2 is closer to BTC than it is to BCC . Now wait and watch the dump .

[dillpicklechips]

That's why BCH rises:

https://cointelegraph.com/news/bitcoin-classic-shuts-down-as-staff-claim-bitcoin-cash-will-rule-in-6-months

OP should read recent news and updates like this. He should have had foreseen this. One of essential things of being an effective trader is to fill yourself with the trends. Anyway, BCH is a bit scary so when you purchase some then you should know when is the right time to pump before someone dumps it.

[johnwest]

That's why BCH rises:

https://cointelegraph.com/news/bitcoin-classic-shuts-down-as-staff-claim-bitcoin-cash-will-rule-in-6-months

OP should read recent news and updates like this. He should have had foreseen this. One of essential things of being an effective trader is to fill yourself with the trends. Anyway, BCH is a bit scary so when you purchase some then you should know when is the right time to pump before someone dumps it.

Its hard to know whether some community is backing up BCH or someone is pumping. We need to be updated with all the news to keep yourself in the trading race.