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Author Topic: effect of BCH in BTC price  (Read 1324 times)
thecodebear
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November 15, 2017, 06:01:33 PM
 #61

An inverse reaction took place causing price growth over bitcoin cash and price drop over bitcoin. This didn't last long, but the stabilized growth of bitcoin cash has made it stay above $1250 after it started to rally from $350. Now bitcoin feels the goodness with price increasing to reach above $7200.


Hopefully BCH will bleed back to normal levels under $500 the next few weeks. That alone would push Bitcoin to 8000! Not even counting all the new money coming into Bitcoin.
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Lopumbo
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November 15, 2017, 06:22:44 PM
 #62

For todays increase in BTC price "fresh money" was used. BCH is stable around the $1200 mark and a market cap of 20bn $.
Well if BTC price stays too long under 6500$ mining BCH will be much more profitable. Maybe some entities are interested that it stays that way  Roll Eyes
tldr, at the morning i sold some BCH at 0.186 and bought it back at 0.167...a little fun  Grin
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November 15, 2017, 06:34:43 PM
 #63

How many of you panicked and sold their Bitcoins to buy Bitcoin cash? if you want to know the truth then I'll tell you mate, Roger and billionaires thanks

To Bitcoin wanted you to believe there is a chance for Bch to replace Bitcoin, they sold their Bitcoins and then pumped their pre-mine Bitcoin cash, how

Long did that pump take? not long because we're here to dump Bch every time they are pumping it.
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November 15, 2017, 06:36:21 PM
 #64

For todays increase in BTC price "fresh money" was used. BCH is stable around the $1200 mark and a market cap of 20bn $.
Well if BTC price stays too long under 6500$ mining BCH will be much more profitable. Maybe some entities are interested that it stays that way  Roll Eyes
tldr, at the morning i sold some BCH at 0.186 and bought it back at 0.167...a little fun  Grin
I don't recommend you long to have fun. Tomorrow you Wake up and don't sell your coins at all. Bitcoin is now in the stage of growth of its price and can easily take away the capital from bch. The miners used the bch to put pressure on the kernel developers. Now they have reached the desired effect and we can see how they throw the bch as a used condom.

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November 15, 2017, 07:20:57 PM
 #65

I believe there is no question now of the effect from BCH. Already BTC has rebounded and returned to its path to rise. People who bought BCH already many of them had already returned to BTC, and the return is continuing. The movement on BCH was temporary it seemed. The miners were just playing around who migrated to BCH

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