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Bitcoin Forum > Alternate cryptocurrencies > Speculation (Altcoins) > Is Bithumb allowing Wash Trading a reason for high rise in BCH price???
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farhaan (OP)
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November 11, 2017, 03:42:30 PM
 #1
We could see today bitcoin cash price pumped heavily to reach $1,294. Shocked Shocked Shocked.

Its said that almost 70% of BCH trade is done in Bithumb,a korean exchange.

Its said that Bithumb allows wash trading and also zero fee trading.

A wash trade is a kind of market manipulation where a investor buys and sells same stocks or coins simultaneously in order to mislead and make activities artificially in the market.In simple words,just market manipulation.

Is this the reason for BCH price to get pumped high this much shocking every one???
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November 11, 2017, 03:54:35 PM
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You know, BCH is just a altcoin, it can't replace BTC's social status.BCH has gone up substantially, and I think it's the result of the financiers' malicious hype.I don't know who is supporting BCH, but I want to remind that this is not a good thing for BTC!!
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