WHAT is Happening with BCH??

[Delicat]

pump, hard fork, fomo, profits. there you go, all the things happen daily in crypto. this is what free market is when there is no law. so trade at your own risk as usual.

[NeuroticFish]

I've found a post that seems to explain it well enough. Bithumb allows 0-fee transactions, so they've just sold BCH to themselves.

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!

And the week-end is over, the pump too. BCH is at 0.2BTC now. I'm curious how many got burned during the week-end..

[Niya]

I've found a post that seems to explain it well enough. Bithumb allows 0-fee transactions, so they've just sold BCH to themselves.

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!

And the week-end is over, the pump too. BCH is at 0.2BTC now. I'm curious how many got burned during the week-end..

This is a very good explanation! Freaking Koreans!

The pump looks over right now, but the price is still high. BCH gained lots of attention in the past few days so my guess is that price will still be quite high for a while...not enough to overcome BTC, of course!

[Hell-raiser]

I've found a post that seems to explain it well enough. Bithumb allows 0-fee transactions, so they've just sold BCH to themselves.

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!

And the week-end is over, the pump too. BCH is at 0.2BTC now. I'm curious how many got burned during the week-end..

If you ask me, I don't think it makes a lot of sense if we are talking the BCH pump. I may be wrong on that, and I will readily admit being wrong, but how on earth are traders going to pump Bitcoin Cash that high by simply filling their own orders? Besides, the exchange itself can do exactly the same, fees or no fees, and any exchange can do the same as well. So what's the catch?

[xenomorphe1]

Don't you think that it may be Chinese playing in Korea? I think they want to attract people by increasing the price of BCC. They may have succeed a little. But i think the price is going to fall much more as it was an artificial pump. But i suppose for other coins, it is the same tactic...
For Bithumb, they need some 'coupons' ? And how much is a 'coupon' ? It may have cost them something. Bithumb won't let them play without any return of investment.

[prodigalson]

Just sold the rest of mine BCH for 0.184 btc and have no regrets.
IMHO just a hyip coin

[Turkiwi]

BCH was rocking it for a couple of days/hours but as you've seen it's being corrected right now, personally I think it's some sort of boost from Korean traders, who are backing up the coin. We don't know for sure, but it's really up to you to decide whether the price justifies any of that. BCH offers some good advantages over Bitcoin but it's still an immitator, for me it was obvious that it would retrace back some of the profits it made. There is just way too much hype and way too many people who want to get involved into this and have FOMO syndrom. But that's the crypto world, what can you say, it's kinda tricky to expect that something like this will not happen, is such an open environment filled with so many inexperienced investors.

[faimloup]

Expect another pump once the mining difficulty comes back down again. Ver and Jihan aren't finished yet. They will have another go at destabilising BTC with BCH.

BTC seems impregnable though.

[RSM0103]

BCH is in the ground  in the marketcap, it is very wise when you have a capital to invest you can buy it for now because anytime from now it will pump up and you will gain x10 of your investment. In the marketcap now BCH is -27.83%. Its good to invest now.

[bitstomake]

all the hallmarks of a pump and dump.. however the tech is good.

[LoyceV]

Just sold the rest of mine BCH for 0.184 btc and have no regrets.
IMHO just a hyip coin

I'm actually planning to buy back the Bitcoin Cash that I sold, when it hits about 0.06BTC.
That way, it hasn't cost me anything, I keep a very clear profit, and I can do this again on the next pump.

Note: I do NOT recommend to ever buy Bitcoin Cash! Joining the pump-madness is very risky, I was just lucky to sell half at 0.5 (after I already sold the first half at 0.24). A dump is almost guaranteed to follow after a pump, so I'm quite happy with what I sold. And, as expected, Bitcoin Cash started dumping when the difficulty went up.
By only buying back what I sold already, I know for sure I'm not adding to the pump, I'm just taking some of the profit the pumpers wanted to have. And I don't risk any of my real Bitcoins doing so.

Expect another pump once the mining difficulty comes back down again. Ver and Jihan aren't finished yet. They will have another go at destabilising BTC with BCH.

The pump over the weekend was the largest pump I've ever seen in crypto. And, since pumps are designed to earn the guys behind it loads of money, I expect they'll have an even bigger budget next time.

Update: it seems like they're still pumping this.

[cammeyz]

Just wish all this drama was over and a stable coin was in place....this is far from over tho i doubt. From what ive read, the ghost town and sell was becuase of the fork today.
Once thats over, i epxect the kor/chn buyers will be back pumping bch they bought for cheap ....till the next time.

[kr105]

Most investors and users want Bitcoin transaction fee reduction and an improvement on transaction verification speed, and they do not give up Bitcoin. I think, FUDs made over Bitcoin Cash at the end of the week, may have made to put pressure for urgent improvement of Bitcoin.

[TravelMug]

Most investors and users want Bitcoin transaction fee reduction and an improvement on transaction verification speed, and they do not give up Bitcoin. I think, FUDs made over Bitcoin Cash at the end of the week, may have made to put pressure for urgent improvement of Bitcoin.

The BCH pump is over now guys. People are getting back to Bitcoin. But I guess, its scared a lot of people but nevertheless the stunt didn't gain the full trust of investors that's why the price is crashing really hard today. But its not over, there will be several attempts down in the future. And I have to agree that they put pressure on the bitcoin ecosystem to really improved otherwise another attempt will be put into place in the future and this time they will be successful.

[Doell]

bitcoincash back to the original price on 0.2 bitcoin I think this is the original price bitcoincash , to market when it comes down we can see bitcoincash price 0.2 bitcoin then one month later bitcoincash down to 0.07 bitcoin fundamental correction at that time , I think anyone who resist this bite has a profit of 200%

[Inkognito]

BCH is in the ground  in the marketcap, it is very wise when you have a capital to invest you can buy it for now because anytime from now it will pump up and you will gain x10 of your investment. In the marketcap now BCH is -27.83%. Its good to invest now.

Good price is 0.06-0.1BTC  .

[kronos123]

It's fun to see how Bitcoin has to die at least 2-3 times a year since it was born; once it is for the banks, then for China, then for miners, then for Eth, now for Bch.

Every time new investors who ask the same questions or cheer for the new coin they invested, or because they believe they have lost the bitcoin train; people who 6 months ago in March with Bitcoin at $ 1000 said that now was too late because they were overvalued, so they are looking for the new gold coin that will kill the old and tired Bitcoin.

But Bitcoin is still there. It is the king who is adopted and recognized by all.
It's not late to buy.

[skula]

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.

I definitely agree. I was shit scared with the rate it increased from 600 to almost 3000 before i went to bed. No coin quadripples like that in such initial high price to begin. Especially with no big announcement.


When bitcoin went from 900 to 3,000 sometime ago that was understable because of the Consortium that meet and the more spring up of BTC ATM's.

There is just no media or news explanation for BCH prices. It may have better network but it was an orchestrated plot to ruin Bitcoin as I see.

[MacXA]

It's fun to see how Bitcoin has to die at least 2-3 times a year since it was born; once it is for the banks, then for China, then for miners, then for Eth, now for Bch.

Every time new investors who ask the same questions or cheer for the new coin they invested, or because they believe they have lost the bitcoin train; people who 6 months ago in March with Bitcoin at $ 1000 said that now was too late because they were overvalued, so they are looking for the new gold coin that will kill the old and tired Bitcoin.

But Bitcoin is still there. It is the king who is adopted and recognized by all.
It's not late to buy.

Yes Bitcoin will only go up with periodic speculation
As we see Bitcoin went up then followed by a correction and then again Up..)

[HippiePyro]

Will it still be called Bitcoin Cash if it does take over Bitcoin. The saving on fees are to much to be ignored. And if the Asians are getting interested.....