WTF? $20.000.000.000 seem to have been poured into BCH in a couple of days

[Transformbitz]

Is just that miners hyping BCH feature and bitcon is expensive when in terms of transaction fee.. All you have to is diversify buy always dip specially the king of all crypto Bitcoin.. It will go up in a few days

[1715518395]

1715518395

[Thanasis]

I get up and see this:



BCH has gone from around $10 billion market cap to $30 billion market cap in a couple of days. Who the hell has some spare $20 billion to pour into BCH? Buffet’s net worth is around $77 billion.

I don’t think this can only be explained to Roger Ver and Jihan Wu going all in on BCH. They must have persuaded institutional investors to get into BCH. Apart from scared people exchanging BTC for BCH.

I will HODL but this is serious.

I also wondered today while saw the price of BCH was above $2100 while saw the price of BTC was $ 5500 and i am confused what we have to do now hold the bitcoin or just convert into BCH.But after that the bitcoin price is started to rise it gives me a little relief and i decided that just continue to hold my BTC whatever comes.

[Bardman]

Just another pump and dumb of BCH, a big one for sure. There was another when BCH hit 1k and dropped down to 200$. Now everytime BCH goes down, bitcoin goes up, eventually BCH will crash hard and it will be worth a few hundred dollars again and Bitcoin will just recover, probably alt coins as well since they are really undervalued compared to Bitcoin.

There is a ton of FUD everywhere, check bitcoin reddit for example, tons of people saying BCH is going to take over, bla bla. There is also a strong theory that says Segwit2X was never going to happen, it was planned this way. After making a lot of profit with bitcoin, they used their profits to pump BCH and this definitely seems to be the case. Most people bought Bitcoin for the fork, there is no reason for them to switch from Bitcoin to BCH. The ones who planned this, pumped BCH in order to make even more profit and now comes the dump maybe with another pump before total crash. We will see.

[acquafredda]

Just another pump and dumb of BCH, a big one for sure. There was another when BCH hit 1k and dropped down to 200$. Now everytime BCH goes down, bitcoin goes up, eventually BCH will crash hard and it will be worth a few hundred dollars again and Bitcoin will just recover, probably alt coins as well since they are really undervalued compared to Bitcoin.

There is a ton of FUD everywhere, check bitcoin reddit for example, tons of people saying BCH is going to take over, bla bla. There is also a strong theory that says Segwit2X was never going to happen, it was planned this way. After making a lot of profit with bitcoin, they used their profits to pump BCH and this definitely seems to be the case. Most people bought Bitcoin for the fork, there is no reason for them to switch from Bitcoin to BCH. The ones who planned this, pumped BCH in order to make even more profit and now comes the dump maybe with another pump before total crash. We will see.

This is going to be remembered as the most cruel battle on controlling bitcoin, both as a principle and as a protocol. It can't be only about money, it can't be as easy as that. I agree with you that the amount of FUD is unbearable

[avikz]

Yes, BCH has become the second highest grossing crypto pushing ETH to the third place since today. The price increase was also phenomenal and totally unpredictable. Recently one of my fellow members has pointed out a reason which points it as an organized attack on bitcoin network by some mining pools. Read it here,

https://bitcointalk.org/index.php?topic=2393479.0

It will provide some good insight on why the BCH price is increasing and I totally agree on the same. Without some organized attack on bitcoin network, this rise wouldn't have been possible.

[Hell-raiser]

I get up and see this:



BCH has gone from around $10 billion market cap to $30 billion market cap in a couple of days. Who the hell has some spare $20 billion to pour into BCH? Buffet’s net worth is around $77 billion

Market cap rising 2 times doesn't mean that so much money has actually been poured into Bitcoin Cash overnight. It is a way, way lower than that. It is only a small fraction of all coins that get traded, therefore you don't need billions of dollars to raise the market cap that high. That's why this metric is misguiding. People think there are literally something like $30 billion dollars in the market but it is far from that in terms of real dollars.

[BillCoin]

I get up and see this:



BCH has gone from around $10 billion market cap to $30 billion market cap in a couple of days. Who the hell has some spare $20 billion to pour into BCH? Buffet’s net worth is around $77 billion.

I don’t think this can only be explained to Roger Ver and Jihan Wu going all in on BCH. They must have persuaded institutional investors to get into BCH. Apart from scared people exchanging BTC for BCH.

I will HODL but this is serious.

If the price of an asset goes up 20b does not mean that 20b moved into it. U can create that price with a fe million if u wanted

You are right that it doesn't necessarily mean that 20b$ has been moved into Bitcoin cash, but you won't be able to add bilions to the market cap with millions, I guess that around 4-5 Billion dollars entered the cash market.

The market cap presents the total amount of tokens available (shares ) *last price, it doesn't mean that there is enough liquidity to buy all the shares at the last price, so if someone sell x amount of shares, it will probably cause the price to decrease/.

[BartS]

I get up and see this:



BCH has gone from around $10 billion market cap to $30 billion market cap in a couple of days. Who the hell has some spare $20 billion to pour into BCH? Buffet’s net worth is around $77 billion.

I don’t think this can only be explained to Roger Ver and Jihan Wu going all in on BCH. They must have persuaded institutional investors to get into BCH. Apart from scared people exchanging BTC for BCH.

I will HODL but this is serious.

If the price of an asset goes up 20b does not mean that 20b moved into it. U can create that price with a fe million if u wanted

Could you explain this, please?

The market cap is the result of what people are willing to pay for the coins multiplied with the number of coins, the problem with that number is that does not reflect that billions of dollars were invested in the coin that only reflects what the potential market cap will be if every coin was bought which we know that is not the case, that is why many people prefer to look at the volume to know how much a coin is moving and as we can see while many have predicted the demise of bitcoin, bitcoin cash has a slightly lower volume in the last 24 hours but if we were to look at the volume since its creation bitcoin will have a lot more of it, that is why I’m not worried about this pump.

[PrinceCaspian]

That is how you will define the word "hype" because of the hype and the FOMO of the people in the cryptocurrency market, the growth of the market capitalization of the bitcoin cash is being fasten and right now a lot of people are still hoping to make profits in bitcoin cash by jumping into the market of bitcoin cash.

[merchantofzeny]

I also don't know what's happening. I just got in this for the expected profits. I didn't sign in for all these forking drama! 

I'm just gonna hold and let them do whatever they want to do, if they're gonna pump that, and so forth.

[Netnox]

$20 billion? Seriously? But Bitcoin Cash market cap is only around $20 billion right now. So that means that most of that money was used for short selling and other margin trade. Another thing I have noticed is that most of the BCH volume is concentrated in a few of the East Asian exchanges - such as Bithumb & Coinone (South Korea), Bitfinex (Taiwan), and Huobi (China).

[NeuroticFish]

The majority of the trading volume is taking place at Bithumb (Korean exchange).
Therefore the whole price discovery is highly manipulated, because Bithumb
offers account without fees and vouchers that enable zero fee trading.

This enables rampant wash trading by allowing you to buy and sell your own orders without
incurring any fees!

I just wanted to say that the volumes at Bithumb look fishy. Now it's obvious where the numbers come from, thanks for this.
I would be also curious on how many accounts this BCH group has on Bitcointalk and twitter to place the FUD.

[Lanatsa]

That is how you will define the word "hype" because of the hype and the FOMO of the people in the cryptocurrency market, the growth of the market capitalization of the bitcoin cash is being fasten and right now a lot of people are still hoping to make profits in bitcoin cash by jumping into the market of bitcoin cash.

Just as anticipated on which this bitcoin cash have been hyped up again after all on the cancelation of b2x fork event on this month of november. All coins do have the possibility to be hyped up and whales have decided to pump this Bitcoin cash as of now and for those who did bought before while the price is still low for sure they are securing profits already when the price tends to reach heights again thats was an easy money though.Not surprising but been wondering which coin would be the next to be hyped up. Anyone?

[JungleOnion]

Obvious manipulation of bitcoin whales, which are the ones that manipulate the whole market at the end. Alts have been the vehicle of manipulation to accumulate more bitcoin for this whales. Look at this year's pump, alts pumped exaggeratedly only to be dumped the same way. Why? So whales could've profit from them getting ready for this bitcoin pump with the excuse of the forks. The cycle repeats, cheap alts for whales to accumulate and distribute next year.

That bitcoin pump we had for $7,700 was placing bitcoin at 120 billion market cap. Now the dump shows us that at $6,200 is at 100 billion, migrating those missing 20 billion to bitcoin cash. Never take the market cap as the very truth just as a reference of what could be brewing in the background.

This all looks like an exit pump for bitcoin whales to flow their capital into other coins. The daily chart looks like this bitcoin price dip is only a correction for a next possible leg up. The weekly looks like it made a doji to settle uncertainty and freak people out but I think uncertainty of where this is going to pop was already settle by the monthly chart, we have been the whole year in overbought monthly conditions that the fall in bitcoin price might be ugly and might be soon, but such as the rise in bitcoin cash or wherever these whales are planning in flowing their capital.

Total market cap is as of now, 198 billion dollars, 100 in bitcoin and 98 in alts. 50/50. I'm pretty positive that capital will be flowing to altcoins and if that's not the case, out of the market in the worse scenario but I don't see it coming back to btc and if it does, I see alts following too, to create another cycle.

[Hydrogen]

The majority of the trading volume is taking place at Bithumb (Korean exchange).
Therefore the whole price discovery is highly manipulated, because Bithumb
offers account without fees and vouchers that enable zero fee trading.

This enables rampant wash trading by allowing you to buy and sell your own orders without
incurring any fees!

This is the type of information which seems as if it should be publicized more.

In a way this might be described as a contest of philosophy. On one side there is bitcoin which has a design philosophy of producing long term value. On the other side there is bitcoin cash which has a design philosophy of using pump and dump market manipulation to produce short term profits at the expense of long term value.

Ethereum may have tried to exceed bitcoin's long term value by doing something similar earlier this year. Will history repeat itself?

[Tol9n]

That is how you will define the word "hype" because of the hype and the FOMO of the people in the cryptocurrency market, the growth of the market capitalization of the bitcoin cash is being fasten and right now a lot of people are still hoping to make profits in bitcoin cash by jumping into the market of bitcoin cash.

I do not believe that people suddenly turned their attention to Bitcoin Cash and that's why his price sharply went up. I think that this pump is done specially

[Scallywag]

Yeah i just think this is a group of whales making loads of money .
This isn't because btc holders went to bch and that is why i think it will be unsustainable .

[honeyb0y]

This is a clear manipulation on prices made by people who will benefit from it or the whales. Some people who supported the segwit2x fork but was frustrated because of it's cancellation opted to go to BCH to recover their losses. Don't get fooled by this person they will eventually sell their BCH and prices will go down.

[faceoff97]

I get up and see this:



BCH has gone from around $10 billion market cap to $30 billion market cap in a couple of days. Who the hell has some spare $20 billion to pour into BCH? Buffet’s net worth is around $77 billion.

I don’t think this can only be explained to Roger Ver and Jihan Wu going all in on BCH. They must have persuaded institutional investors to get into BCH. Apart from scared people exchanging BTC for BCH.

I will HODL but this is serious.

I have red an article and it says that it was pre-planned and organised. This is an attempt to manipulate the value through catching the attention of majority. The sudden change in value cause people to panic and transfer their fund in bitcoin cash. Once the people behind this have done their intention, the value will once again back to normal. The same way BCH have pump it may also dump in sudden. In few days, bitcoin will once again regain its value.

[vit05]

And now 8 bi disappears from BCH . It is funny how easy is to manipulate the market