WHAT is Happening with BCH??

[fiulpro]

Well this was supposed to happen sooner or later, infact now investors are making open statements that they are going to invest in bitcoin cash and this is influencing the Crowd in a big way since bitcoins dropped in value now , people are dumping their bitcoins and moving onto bitcoin cash so that they can gain higher profits.
Its all because segwit2x was called of , people who were investing for the ftee b2x suffered a major loss and dumped bitcoins as soon as the price got Highest.

[St4yInTh3D4rk]

I went on coinmarketcap and say BTC = $5500 and BCC = $2200. I was WTF!? Then I refreshed the page and BTC was 6400 and BCC 1200.

Question is, was I having an illusion? Was BCC that high?

That's not an illusion bro that is happening in the real time the bitcoin price was $ 5500 about 30 minutes before but now there is a price increase it already reached $ 6100.But the price of bitcoin cash is still at $ 2100.
If you want to make sure the price of BCH you can check it here, https://www.coingecko.com/en/price_charts/bitcoin-cash/usd

[wndrbr3d]

It powerfully pumping now by Roger Ver! He is going to spend (or already spent) about 130 000 BTC! It`s 910 000 000 $ ! He is big whale - BTC holder and he took BCC during fork in august. Now is going to pump and sell (dump) BCH!
Be careful!

[LoyceV]

Not just Bitcoin Cash. Try sending Waves .. it takes seconds. Send IOTA, it takes a minute and costs nothing. These are only a few examples. There are some coins out there where transaction times and fees are at minimum. Yes, scaling is always a problem: However, technologies like IOTA and XRB need MANY transactions to scale, and they get even bigger and better with every transaction more (I am really looking forward when industry players like Siemens, Fujitsu etc. adopt IOTA and allow it to scale)

I'm not very familiar with the way Waves and IOTA work, but as far as I understand they don't use a blockchain, right?
I was already impressed with Byteball: much faster than Bitcoin, and 1/10,000th of the fee. Then I got to play with Stellar Lumens: even faster, it took seconds only, and 1/100,000,000th of the fee Bitcoin would charge!

Basically almost all altcoins work better than Bitcoin, the classics Litecoin and Dogecoin use a blockchain, and are much faster. But the 10 minutes per block is something I can live with for Bitcoin, it's not a problem for normal transactions to wait a bit, and without congestion many services can accept transactions with zero-confirmations already.
The real problem is the capacity, which is something altcoins are barely limited on, because they have much less transactions to begin with. Bitcoin currently has only 20 million addresses with a balance. Imagine the possibilties if it can handle 100 times more transactions at low fee: it can reach many more users. Now it's simply impossible for new users to join, as every new user who makes a transaction has to push someone else's transaction away.

I still don't understand Bitcoin Core's reasoning to stick to small blocks, while Bitcoin is being canabalized by alts and forks.

[rizwanalijcb]

There is no difference between bitcoin vs bitcoin cash and if bitcoin cash is more reliable then more
people will switch over to this chances are that
Bitcoin goes to 2000$ and bitcoin cash will goes toward 4000$

[vaughn125]

Everyone smart enough should know that when they see bitcoincash, they should immidiately turn a 180 degrees away from this coin. Specially now that it is clearly being pumped like hell. I pitty those people who bought bitcoincash at this high price hoping that it will become bigger.

[NeuroticFish]

This was a typical pump and dump. Poor souls paid 0.53 BTC for 1 BCH, just to see a dump to 0.25 again. Fresh money has to come from somewhere ...

This is also what I thought, although the pump is much bigger than I would have ever expected. Quite shame I was too eager to sell my BCH long ago...
Another thing that may be related and it actually worries me is the rise and rise of mempool.
I tend to believe that both are related and they are a move of some pools angry that SegWit2X was cancelled.

[Vatimins]

Bloodyhell. I've had it with these bitcoin cash topics. Clearly it is not a great coin. And it is not going to replace bitcoin. Not in a million years. As what others say that it can replace bitcoin.

This price increases clealy are just results of a pump amd dump scheme that bitcoin cash is gong through right now.
And I don't know about you guys, but i sure ain't gonna be letting myself get fooled by this poor effort to scam small investors. Nor be a part of it.

[Hell-raiser]

I don't understand how some people can still say Bitcoin doesn't need scaling. All this madness could have been prevented if Bitcoin would have scaled earlier, which makes me thing many people profit keeping blocksize down

Yesterday, I saw a thread here where it linked an article proving that the spike in transaction volumes is not natural and is artificially created by miners seeking either to destroy Bitcoin or raise transaction fees as they have been doing all these years. Transaction jams are not something new, anyway. Ironically, it is the same miners who are strongly opposing the changes in Bitcoin that would make it truly scalable. Bitcoin Cash is a joke or a bogey to scare people off from getting genuine Bitcoin.

[marcbitcoins]

the value of BCH is become higher than the usual if you can see it on the market it pumps up into 156% i don't know why and then the bitcoin price becomes low of 8% in the market i guess, theres a magic behind of it and i don't know what's happening in that coin you are lucky if you have that coin and you can sell it on the market with the huge amount of money.

I was still in a little bit shock, can't believed it and almost drop from my chair after i see the sudden huge value increase of bitcoin cash in which i think pump and dump did this. I was thinking if this rapid fast value increase will continue it will surpass the bitcoin because i believed that this dramatic change will attract many investors to shift to BCH considering $1.7k is a cheaper value than bitcoin.I just feel sad for my ethreum in which it drop to third place now and thinking to sell it for bitcoin cash.    

[puremage111]

The bitcoin transaction which stuck in the mempool + Segwit2X cancel lead to these

Tons of people are leaning towards BCH because when 2X is cancel, meaning theres no solution for high fees.
BCH offers 8MB + No Segwit, so... one starts and everyone go

[megynacuna]

the value of BCH is become higher than the usual if you can see it on the market it pumps up into 156% i don't know why and then the bitcoin price becomes low of 8% in the market i guess, theres a magic behind of it and i don't know what's happening in that coin you are lucky if you have that coin and you can sell it on the market with the huge amount of money.

I was still in a little bit shock, can't believed it and almost drop from my chair after i see the sudden huge value increase of bitcoin cash in which i think pump and dump did this. I was thinking if this rapid fast value increase will continue it will surpass the bitcoin because i believed that this dramatic change will attract many investors to shift to BCH considering $1.7k is a cheaper value than bitcoin.I just feel sad for my ethreum in which it drop to third place now and thinking to sell it for bitcoin cash.    

Don't take any hasty measures just yet, don't sell those ethereum but hold them or better buy original bitcoin and hold and not BCC because it is likely to fall back to where t belongs very soon after bitcoin recovers in value.

[AGD]

This was a typical pump and dump. Poor souls paid 0.53 BTC for 1 BCH, just to see a dump to 0.25 again. Fresh money has to come from somewhere ...

---

I hate to say it, but when I made a Bitcoin Cash transaction yesterday, it went much smoother than Bitcoin transactions. The recommended fee was very low, I even increased it to 0.00005 Bitcoin Cash, and I got the required 20 confirmations in just over an hour. As much as I dislike Bitcoin Cash, this is what Bitcoin needs to be useful.

Not just Bitcoin Cash. Try sending Waves .. it takes seconds. Send IOTA, it takes a minute and costs nothing. These are only a few examples. There are some coins out there where transaction times and fees are at minimum. Yes, scaling is always a problem: However, technologies like IOTA and XRB need MANY transactions to scale, and they get even bigger and better with every transaction more (I am really looking forward when industry players like Siemens, Fujitsu etc. adopt IOTA and allow it to scale)

Exactly. There are hundreds of Altcoins out there with quick and cheap transactions.

[denzkilim]

bitcoin cash at top two on coinmarket cap with $40 billion capitalization and now it go down and dumped back from $20 billion capital but it is still high. I think the whales are playing with bitcoin cash right now, Making huge pumps then suddenly dump it when the pump is higher enough for their profit. 

[bpcommunity]

The bitcoin transaction which stuck in the mempool + Segwit2X cancel lead to these

Tons of people are leaning towards BCH because when 2X is cancel, meaning theres no solution for high fees.
BCH offers 8MB + No Segwit, so... one starts and everyone go

I fully agree with you, the future for bitcoin is must have some improvement on the transaction fee and the transaction confirmation speed, at the moment calculates the transaction processing speed of Bitcoins are much slower than working with cash or banking, and transaction fees are not as cheaper

[NeuroticFish]

Tons of people are leaning towards BCH because when 2X is cancel, meaning theres no solution for high fees.

This is incorrect. The solution is there just people seem afraid to use it. The number of SegWit transactions is still far too small.
Also, the number of found blocks was rather small in the last 24 hours, at least that's my feeling.

The seasoned members should know that without SegWit the transactions are slower and more expensive.  But telling that there's no solution when we know it's there.. means that somebody has interest in advertising ... some altcoin that dreams to replace Bitcoin.

[MI6]

why must surprised with pump and dump scheme ?  maybe they only took the chance when bitcoin got a lot of unconfirmed transaction and it is chance for miner or trader or someone out there to take profit with BCH, when they already satisfied, it will back to normal rate

[aoiaao]

1   Bithumb   DASH/KRW   $66,913,200   $429.62   23.84%   Recently

Again pump another coin now...
same exchange, I would start suspecting fowl play here...

[Hell-raiser]

Tons of people are leaning towards BCH because when 2X is cancel, meaning theres no solution for high fees.

This is incorrect. The solution is there just people seem afraid to use it. The number of SegWit transactions is still far too small.
Also, the number of found blocks was rather small in the last 24 hours, at least that's my feeling.

The seasoned members should know that without SegWit the transactions are slower and more expensive.  But telling that there's no solution when we know it's there.. means that somebody has interest in advertising ... some altcoin that dreams to replace Bitcoin.

What altcoin do you refer to?

If you mean Bitcoin Cash, many people would see it as another Bitcoin, not an altcoin. If it does replace the original Bitcoin (which I sincerely hope not), people, no doubt, will call it Bitcoin, and personally, I feel they will have all the reasons for that. After all, Bitcoin Cash has common base with the original Bitcoin and Bitcoin holders were given the same number of Bitcoin Cash coins when the latter had been launched.

[hisuka]

why must surprised with pump and dump scheme ?  maybe they only took the chance when bitcoin got a lot of unconfirmed transaction and it is chance for miner or trader or someone out there to take profit with BCH, when they already satisfied, it will back to normal rate

BCH is having crazy its value as we know possibly its just hype the price thats why it rising. Yes this is what I believe bch will be back to normal pricing. Still bitcoin will be back to normal also in terms of too long to confirm the transactions.