Bitcoin Cash Drops From $2800 to $1300

[minerich]

Bitcoin Cash has fallen from $2,800 to $1,300, the global cryptocurrency exchange market has stabilized to a certain extent, with Ethereum retaining its spot as the second largest cryptocurrency behind bitcoin. While the trading volume is still exceedingly high at over $26 billion, given the major correction of Bitcoin Cash in such a short period, it seems as if the current trend of bitcoin leading the market and Ethereum being the distant second will continue in the mid-term.

[TimeHacker]

Of course. Bitcoin Cash is useless in general, so there's no excuse for it to maintain such a high price in the long run. It was quite obvious from the beginning that it's just being artificially pumped by its wealthy supporters with the aim to disrupt the Bitcoin market and gain some quick profit. BCH will eventually fall back to ~ $300 where it belongs.

[mangkucrypto]

if this is just correction then i think we can buy bitcoin cash and waiting for another high price but if its just to come back for the base price then i think it is not good. but today i can make little profit because i am trading bitcoin cash with bitcoin and i am making a nice money but unfortunately, i am too afraid to get trapped in high price so i decide to stop the trading.

[oturanbilboa]

It is raised from 600$ so that was an expected move. They pumped the price > they sold > dumped the price.
That was easy money for those whales. If anybody bought from top that's loss for them.

[bravetheheat]

This is a war for bitcoin miner and core developers, I am waiting for which side will win.
Since segwit2x fails, it seems that bitcoin miner wins a little bit.
If there is not more good news, bitcoin will fall to 5500 agin I think.

[wojak]

This is a war for bitcoin miner and core developers, I am waiting for which side will win.
Since segwit2x fails, it seems that bitcoin miner wins a little bit.
If there is not more good news, bitcoin will fall to 5500 agin I think.

And today everyone is afraid of BCH. If rumors about tomorrow BCH fall will be false, BCH will do crazy pump again.
I see more and more companies and people talking about implementing BCH support or to move to BCH, just because they are exhausted of all the troubles with BTC.


https://www.tradingview.com/chart/BCHUSD/Ms3eOyMg-Short-Term-BCH-LONG/

https://www.cryptocoinsnews.com/xapo-president-biggest-bitcoin-companies-move-bitcoin-cash-ethereum/

[BMG86]

What's happening right now has been pretty crazy. I never thought bch would overtake bitcoin. I always figured that it would eventually fade away. But right now it seems like a real possibility.

[Sephire]

I think the pump of BCH is over and it will slowly dump to below $1000 in next few days.
Bitcoin also has bottomed but need to hold above $6000.

[thepo1m]

I must admit this is one of the most agrresive pump I have seen in this space after ETC was pumped last year, what do you expect the price move from $600 to $2800, there must certainly be a correction

[Dragonrage201]

Yes, it should be big correction and maybe back down to where it started around ~$500
in coming weeks .

[bucciarati]

if this is just correction then i think we can buy bitcoin cash and waiting for another high price but if its just to come back for the base price then i think it is not good. but today i can make little profit because i am trading bitcoin cash with bitcoin and i am making a nice money but unfortunately, i am too afraid to get trapped in high price so i decide to stop the trading.

i think you made the right decision, risk of being trapped is very high with such price swings.. i think a lot have already make a bad move buyin at overvalued price, worst case scenario possible for trading, different if you bought some days or even weeks ago and take profit of this situation

but intraday with this market.. oh my god, is a panic

[MIV.matteo]

I'm not sure about whether the price of BCH returns for 300 now. I'm afraid that touched the next support line it has again a climb. In any case I don't think I'll throw a single penny here. This coin is useless and even if it were to pump again it will collapse surely soon

[barota]

Large pump in bitcoin cash yesterday  but its risk for invest sometimes,  bch lose more than 1500 usd . i think fall will continue

bch  it's just a bubble

[bowielover]

I think its going to stabilise at around $1200

[denzkilim]

Whales playing on bitcoin cash that's why it pumped so high and became top two in market capitalization and now after pumping to high then dump it and earn lots of profit from it. 

[HitTheLow]

I think its going to stabilise at around $1200

I think it will drop a lot more

[hawkins]

more difficult to predict the bitcoin cash price, rather than predicting btc. well, the decline and increase is really fantastic. many people are getting big profits because bch. well, if the price goes down, I think it's a chance to get a big profit.

[Crypto-Freedom]

Its what I call a go fishing weekend. When people are messing around in the market like they did this weekend its better to simply do nothing and wait until today. As we can see they either did this to dump Bitcoin and make a profit by pumping Bitcoin Cash and then done the reverse, or it was a completely failed attempt at bullying Bitcoin off the number one spot.

[jilani]

Sadness for Bitcoin CASH holder who people not sell BCH when price big pumping. BCH something joke with crypto lover i think.Price suddenly rocket high more than 200% increase couple of a day.Now rapidly reduces $1200.

[X - Mas]

the drama is run in Bitcoincash and bitcoin,
what next,? i think people will think twice to buy Bitcoincash because this is just like a pump and dump coin,
just look, bitcoincash pumping hardly then dump so hard too