Bitcoin Cash Drops From $2800 to $1300

[Serg22]

I think it will fall, as many people have already burned on it.

[Alns]

Just like i said before, i had more than five bitcoin cash and i was doing scalping with those bitcoin cash, i was able to made some profit from them , but i lost some money too, i break even on the profits but it was a nice trade at all.
And everybody who had some bitcoin cash have already dumped them, it is a very risky situation, nobody should be so exposed to lose all their funds just by having their money on bitcoin cash, it is just a dump & pump coin.

[funchiestz]

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.

I totally agree with you.
As you said, I trust in the middle term, but I do not trust bitcoincash in the long-term because bitcoincash is experiencing very large fluctuations

[sms301]

Just like i said before, i had more than five bitcoin cash and i was doing scalping with those bitcoin cash, i was able to made some profit from them , but i lost some money too, i break even on the profits but it was a nice trade at all.
And everybody who had some bitcoin cash have already dumped them, it is a very risky situation, nobody should be so exposed to lose all their funds just by having their money on bitcoin cash, it is just a dump & pump coin.

Obviously All crypto's are risky. That's the whole point. But I think ethereum price will surge next year. Bitcoin Cash is already holding a position in top 10 currency. And you can't deny the fact that Bitcoin cash will be dump again after this fork. May be it'll be a good time to buy some and hold for a long term investment.

[BartS]

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.

How can you say that is just a correction, that is more than half of its price, that is a crash, there is not other word we can use, and I do not think we are going to see such a huge price again, the miners already got what they wanted, they dumped those coins and they got a lot of bitcoin in return, they are not holding their bitcoin cash they are selling it as fast as they can and the benefits they got from it are nothing short of amazing.

[devollito]

Ofcourse it will goes down after the biggest manipulation pump. I dont understand why people never learned and still traped in this situation. FOMO is real...no fundamental growth for bch and thats what makes me think it will goes sub $1000. I hope you all learn something after the past week tragedy. Dont be greedy and patient is the key for everything to be worked..

[randythered]

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.

I think this was always likely to happen though it would not surprise me to see bitcoin cash make another run at second spot in the near future. With the current market caps its price would only have to reach about $2000 to bring it alongside ethereum. If bitcoin doesn't resolve its problems going forward then bitcoin cash will only grow stronger.

[Fundamentals Of]

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.

Most probably. The attempt of Bitcoin Cash was very strong, it successfully replaced not just Ethereum but also Bitcoin in terms of volume. And it replaced Ethereum in the second cap in terms of Market Cap. But because the attempt to reach the top was not a real one, it naturally ended immediately. And the fall that followed was a hard one. I think it sends a message to Bitcoin Cash to remain on its spot.

[mamesso]

Forget the BCH, a disappointment seems very clear. Bitcoin holders transfer their assets to BCH. before they arrested him to get B2x but segwit in cancel. Finally they pump BCH.
I just wait for them to throw it at the bottom.

[traderethereum]

the price is drops and i think big whales is leaving the coins and trying to search another coins. but i think we can still makes a profit from bitcoin cash because i see the price is up and down too often and its tempting people to do trade this coin. maybe if we buy bitcoin cash when the price is drop then we only hold it for a long time then in someday the price can increase again although if its increase, i don't think that the price will be like before. i still have bitcoin cash in my wallet and not selling all my coin and i think i still waiting the other time to see the price is back.

[baronious]

Once coinbase/gdax release people's bcash, it will go down even more.  It's a shit coin run by scammer millionaires who are dying of greed for more money.  It's sad that so many people follow them and fall for their tricks. 

[ZaoXhou]

The only ones who are probably coming out with profit are Ver and his friends.

[Shishir99]

It's a Whale game and normal people burning process.
Whale made rumor that bitcoin cash is better that bitcoin.
And the community also spread the fud among many groups.
It was obvious for bitcoin cash to fall.

[bucciarati]

the price is drops and i think big whales is leaving the coins and trying to search another coins. but i think we can still makes a profit from bitcoin cash because i see the price is up and down too often and its tempting people to do trade this coin. maybe if we buy bitcoin cash when the price is drop then we only hold it for a long time then in someday the price can increase again although if its increase, i don't think that the price will be like before. i still have bitcoin cash in my wallet and not selling all my coin and i think i still waiting the other time to see the price is back.

still a good coin for spotting trading oppoortunities in my opinion, now i am waiting it to fall under the 0,15 mark versus btc to rebuy and wait like did last time.

i do not think it will go back to 0,6 because a lot of people entered high and are waiting for a recovery: there is a limit to the loss one can take. i will bet for minimum value around 0,11 - 0,13

[bigdude]

This is just dump and pump drama from Chinese guys behind bitcoin cash. As you know Bitcoon cash was born in China with ViaBTC which closed now by Gov.
So they pump it to take profit, it's useless and very new coin in market.
It will never can replace Bitcoin

[Manyara]

The pump and dump game benefited a few and brought great loss to majority. Those who bought Bitcoin Cash at $2400 and were waiting for it to hit at least $3000 to sell are now nursing their losses and praying for another increase. However, the whales who spread the rumour and bought massively into Bitcoin Cash are now enjoying their profits.

You need to invest in a token you trust. Otherwise, the instability with some of these coins will bring losses especially if you do not have the patience to wait for increased value. The market is stabilizing and BTC is going back to $7000.

[DaveWave]

The pump and dump game benefited a few and brought great loss to majority. Those who bought Bitcoin Cash at $2400 and were waiting for it to hit at least $3000 to sell are now nursing their losses and praying for another increase. However, the whales who spread the rumour and bought massively into Bitcoin Cash are now enjoying their profits.

You need to invest in a token you trust. Otherwise, the instability with some of these coins will bring losses especially if you do not have the patience to wait for increased value. The market is stabilizing and BTC is going back to $7000.

As what most wise traders do "never catch a moving train". I can feel the FOMO that time as I was also monitoring it. I was a bit worried on my bitcoins as many are already spreading rumors that bch will be replacing bitcoin. I think we are on our way to up to $8,000 or we may encounter some dips but we should not be hitting below $6,000 again.

[uDwcHYO]

A coin with a huge capitalization appeared from nothing, what chance is there for repeating the scenario with a pump and dump?
I think in the near future we will see something like this

[alexey8080]

A coin with a huge capitalization appeared from nothing, what chance is there for repeating the scenario with a pump and dump?
I think in the near future we will see something like this

Certainly, we will see reiteration of this in near future. I'm 99% sure.
Ver can easily manipulate the price.
They will not leave this question.

[Pumperdumper]

The pump and dump game benefited a few and brought great loss to majority. Those who bought Bitcoin Cash at $2400 and were waiting for it to hit at least $3000 to sell are now nursing their losses and praying for another increase. However, the whales who spread the rumour and bought massively into Bitcoin Cash are now enjoying their profits.

You need to invest in a token you trust. Otherwise, the instability with some of these coins will bring losses especially if you do not have the patience to wait for increased value. The market is stabilizing and BTC is going back to $7000.

As what most wise traders do "never catch a moving train". I can feel the FOMO that time as I was also monitoring it. I was a bit worried on my bitcoins as many are already spreading rumors that bch will be replacing bitcoin. I think we are on our way to up to $8,000 or we may encounter some dips but we should not be hitting below $6,000 again.

BTC will easily hit $8k however it corrects itself a minimum of once per month by 20-30% - so the assumption that you won't hit below $6k is folly.

If anything, it has been more volatile as of late and more frequent corrections have been occurring.

Meanwhile - a week since the pump and BCH has yet to hit sub $900 and almost all pumper dumper money has been pulled out (from $2billion to $700million) expect BCH to move up once BTC corrects itself - again.