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Author Topic: Why did Bitcoin Cash grew after Bitcoin for cancelation?  (Read 262 times)
JohnHero
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November 11, 2017, 03:12:27 PM
 #1

I am extremely curious guys. Why after the cancelation of the fork Bitcoin Cash has increased so much? 100% growth in 2-3 day. Does anyone have an answer? I expected Ethereum to grow, but Bitcoin Cash?!

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soham
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November 11, 2017, 03:22:48 PM
 #2

Really don't have any clue about it. Even I expected that ETH will grow but my speculation was entirely wrong. I don't know about any incident apart from SegWit 2X cancellation as of now. So probably it is the effect of SegWit cancellation. Also tried searching in google about any major incident but could not find anything that could possible have an effect on BCH. IT seems like a bubble to me and going to burst soon. The market cap has also grown considerably to 22 billion USD. Don't know what's next!

   
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JohnHero
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November 11, 2017, 03:26:27 PM
 #3

Really don't have any clue about it. Even I expected that ETH will grow but my speculation was entirely wrong. I don't know about any incident apart from SegWit 2X cancellation as of now. So probably it is the effect of SegWit cancellation. Also tried searching in google about any major incident but could not find anything that could possible have an effect on BCH. IT seems like a bubble to me and going to burst soon. The market cap has also grown considerably to 22 billion USD. Don't know what's next!

Overall I expected the altcoins to grow after SegWit 2x cancelation, and overall I was right, many altcoins increased in price 20,30,50,100%, depending on the coins. But Bitcoin Cash? I didn't see that one coming.

stompix
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November 11, 2017, 03:28:30 PM
 #4

I am extremely curious guys. Why after the cancelation of the fork Bitcoin Cash has increased so much? 100% growth in 2-3 day. Does anyone have an answer? I expected Ethereum to grow, but Bitcoin Cash?!

Because a lot of FUD that the cancellation means bitcoin won't scale, the cancellation of free coins by airdrop, lot's of pumping by the BCH crew and a lot... and by lot I mean LOT of sheep that follow every green line like it's grass.
Miners migrating to the BCH chain because it's more profitable or they are taking the loss because they are BCH supporters is also one of the reasons for the panic mode.

But the growth it's not natural, it's a pump and after they fix their algorithm and the blocks are not mined at a rate of 4 evey 10 minutes like a few hours ago everything will clam down.

Overall I expected the altcoins to grow after SegWit 2x cancelation, and overall I was right, many altcoins increased in price 20,30,50,100%, depending on the coins. But Bitcoin Cash? I didn't see that one coming.

Bitcoincash is also an altcoin, never forget that.



Kprawn
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November 11, 2017, 03:34:20 PM
 #5

Answer is easy. Roger Ver threw all his resources behind SegWit2X and it failed. He also bought Bitcoin Cash and told people a

while ago, IF SegWit2X fails for some reason ..then he will shift all his resources to Bitcoin Cash. So his little minions are just

following orders. They will pump Bitcoin Cash and then once the price reach a high number... then they will dump for profits. He

will then buy some other Alt coin when it is cheap and tell them what coin they should buy next. He makes the most money from

this, because he is buying these coins when they are cheap... and they pump the price for him.  Wink

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q835197677
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November 11, 2017, 03:35:01 PM
 #6

Well, I'm also curious why suddenly so many people and so many media are touting BCH, I just can't understand it.Because my opinion is also that BCH will always be altcoin, it can't replace BTC.Very sad
I am extremely curious guys. Why after the cancelation of the fork Bitcoin Cash has increased so much? 100% growth in 2-3 day. Does anyone have an answer? I expected Ethereum to grow, but Bitcoin Cash?!

Because a lot of FUD that the cancellation means bitcoin won't scale, the cancellation of free coins by airdrop, lot's of pumping by the BCH crew and a lot... and by lot I mean LOT of sheep that follow every green line like it's grass.
Miners migrating to the BCH chain because it's more profitable or they are taking the loss because they are BCH supporters is also one of the reasons for the panic mode.

But the growth it's not natural, it's a pump and after they fix their algorithm and the blocks are not mined at a rate of 4 evey 10 minutes like a few hours ago everything will clam down.

Overall I expected the altcoins to grow after SegWit 2x cancelation, and overall I was right, many altcoins increased in price 20,30,50,100%, depending on the coins. But Bitcoin Cash? I didn't see that one coming.

Bitcoincash is also an altcoin, never forget that.




JohnHero
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November 11, 2017, 03:42:08 PM
 #7

I am extremely curious guys. Why after the cancelation of the fork Bitcoin Cash has increased so much? 100% growth in 2-3 day. Does anyone have an answer? I expected Ethereum to grow, but Bitcoin Cash?!

Because a lot of FUD that the cancellation means bitcoin won't scale, the cancellation of free coins by airdrop, lot's of pumping by the BCH crew and a lot... and by lot I mean LOT of sheep that follow every green line like it's grass.
Miners migrating to the BCH chain because it's more profitable or they are taking the loss because they are BCH supporters is also one of the reasons for the panic mode.

But the growth it's not natural, it's a pump and after they fix their algorithm and the blocks are not mined at a rate of 4 evey 10 minutes like a few hours ago everything will clam down.

Overall I expected the altcoins to grow after SegWit 2x cancelation, and overall I was right, many altcoins increased in price 20,30,50,100%, depending on the coins. But Bitcoin Cash? I didn't see that one coming.

Bitcoincash is also an altcoin, never forget that.

Oh, Bitcoincash is an altcoin? Wait a second, so what make a coin, a coin and what make a coin an alternative coin? Is like Bitcoin the only coin and the rest are just Alternative Coins?

buwaytress
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November 11, 2017, 03:43:56 PM
 #8

Because a lot of FUD that the cancellation means bitcoin won't scale, the cancellation of free coins by airdrop, lot's of pumping by the BCH crew and a lot... and by lot I mean LOT of sheep that follow every green line like it's grass.
Miners migrating to the BCH chain because it's more profitable or they are taking the loss because they are BCH supporters is also one of the reasons for the panic mode.

But the growth it's not natural, it's a pump and after they fix their algorithm and the blocks are not mined at a rate of 4 evey 10 minutes like a few hours ago everything will clam down.

See, not everyone can't see the sensible explanations! Miners, regardless of their allegiance, are after profit, and they will migrate as often as they can to take advantage of better prices of BTC/BCH. The huge difficulty adjustments witnessed since Bitcoin Cash forked is continuing proof of this. And yes, ironically, Segwit2x cancellation was supposed to be good news but seems to have had the opposite effect - except that it is logical. Past 7k Bitcoin was inflated as people liquidated alts to hold Bitcoin, waiting for the free forkcoins. That didn't happen, people resumed their alt holdings, and that's reflected in the sell off.

Perhaps not the pump and dump deliberation, but certainly predictable on hindsight.

Overall I expected the altcoins to grow after SegWit 2x cancelation, and overall I was right, many altcoins increased in price 20,30,50,100%, depending on the coins. But Bitcoin Cash? I didn't see that one coming.

Bitcoincash is also an altcoin, never forget that.

Truer words seldom said.

richardivan
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November 11, 2017, 03:58:19 PM
 #9

Well, I'm also curious why suddenly so many people and so many media are touting BCH, I just can't understand it.Because my opinion is also that BCH will always be altcoin, it can't replace BTC.Very sad
Many people just follow the hype, just like when eth is on everyone talks. It won't last longer than 2-3 week then BCH hype will gone.
Some miner and trader will look which coin will give them biggest profits, so they will mining or trading that coin


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JohnHero
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November 11, 2017, 04:42:23 PM
 #10

Well, I'm also curious why suddenly so many people and so many media are touting BCH, I just can't understand it.Because my opinion is also that BCH will always be altcoin, it can't replace BTC.Very sad
Many people just follow the hype, just like when eth is on everyone talks. It won't last longer than 2-3 week then BCH hype will gone.
Some miner and trader will look which coin will give them biggest profits, so they will mining or trading that coin

In other words miners have the power of the crypto markets? How is it a decentralized tehnology then? Isn't it a bit tricky?

Cholo003
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November 11, 2017, 05:00:29 PM
 #11

I believe a big factor of it is because of roger vers endorsement, with such a well known guy in bitcoin many will follow him.

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East7547
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November 11, 2017, 05:01:51 PM
 #12

As suggested in the previous comments I think a lot of the supporters of Segwit2 have invested in Bitcoin Cash following the cancellation of the fork
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