Obligatory: Is Bitcoin Cash A Bubble?

[TheCoinGrabber]

Any idea if it'll ever get pumped again? It sure looked like a bubble to me.

the highest volume day ever for bcash was that ugly shooting star doji at the very top. that means that it was heavily sold into at the top, so there are lots of new bagholders. even if it were to follow bitcoin's path over the years, that kind of distribution marks the beginning of a bearish phase.

i think roger ver and jihan wu will probably fight the downtrend; their story reminds me of the hunt brothers. in the end, i think, manipulators like them usually lose. but there could be a lot of turbulence between now and then.

Well, guess I'd just be thankful I didn't  spent money getting into it. Arrive too late to the party and you'd find nothing but scraps.

[allthingsluxury]

We will soon learn which direction these markets are going to move and move in a big way. I've been few more than a few of these massive pull backs.

[Shamie1002]

Honestly I hated forks. I think making alts are very unhealthy. It is for a good purpose but I think the creation of different coins can lead to more crime other than the saturation it causes.
Another thing is that, I think after the big FUD about the dump of BTC many will hate Bcash more.
So, still there is more to wait on Bcash update. If it will be existing still or not.

[949miner]

it is a giant bubble, of course, that bubble is even much more bigger than bitcoin. bitcoin cash went up by more than 150% in a few hours, it was obviously going to crash at anytime.
And now it is below $800 each bitcoin cash, they dropped a lot if you see the charts, it touched $2800 as an all time high, it was a lot of money. Poor of those people who bought those scammycash at $2800, they are now in a huge loss of more than two thousand dollars, lmao.
I bought some of them but i sold them and made some profit from them.

[Solmir]

I see it more like Uranium-232 - it's something that has small amount, and it's desirible by many pepole.
One question: why there was emissed so small amount? It's strange

[jaysabi]

Any idea if it'll ever get pumped again? It sure looked like a bubble to me. I mean, what makes Bitcoin Cash better than bitcoin anyway. I suppose this would happen to Bitcoin Gold.

I'm not certain I would call it "better," but one definite advantage right now is it is far less susceptible to spam attacks than Bitcoin is. At the time BCH was reaching those highs, BTC was being crushed by a spam attack that ballooned the unconfirmed transaction to over 170,000 (which it is still recovering from; currently around 50k unconfirmed) while at the same time losing a ton of mining capacity to BCH.



The point where BCH overtook BTC in hash power corresponds to the BTC's fall to $5000 and BCH's high. BCH, with 8MB blocks can handle a crush like that much better, and makes manipulating the market that much more difficult.

[Theb]

On an economical point of view Bitcoin Cash is a bubble and so as Bitcoin, a bubble is defined to being an overpriced asset in which it is far away from its real value. The problem with Bitcoin or BCH in this matter is that we don't really know what is the real fair market value for it as we are the only once who are determining the price of Bitcoin. The price of them is so played out that their is no stable price for them. That is why not all people are buying Bitcoin because it is hard to set a foot on.

[vaughn125]

Well, looking at the charts, i really cannot blame anyone calling bitcoincash a bubble. Because the very fast price increases just looks too fishy to me. And maybe that is what other people has seen also. That is why they get a bit too skeptical about bitcoin cash. I respect people who support it but, i ain't gonna be one of them. Ever. I didn't even bother to get my bitcin cash from the fork because i simply do not believe in it. But we'll see..

[Shenzou]

Well, looking at the charts, i really cannot blame anyone calling bitcoincash a bubble. Because the very fast price increases just looks too fishy to me. And maybe that is what other people has seen also. That is why they get a bit too skeptical about bitcoin cash. I respect people who support it but, i ain't gonna be one of them. Ever. I didn't even bother to get my bitcin cash from the fork because i simply do not believe in it. But we'll see..

I think it as simply a strategy just to make people ùine bitcoin cash to secure its netowrk since it had a rough start and no one really cared about it, so they increased the difficulty on the bitcoin and lowered the one on bitcoin cash just to make poeple mine it, and this made some people switch to it, and soon after more have joined in, until it got its price to nearly 2000$, at this point people came to their senses and went back to bitcoin, and left bitcoin cash to go down again.

[player514]

Is bch a bubble?

If bch is a bubble, has that bubble popped?



For reference, it was not long ago that ethereum was considered a good investment with a massive spike eerily similar to what bch is indicating now.



Do the people behind bch and eth seem like individuals whose goal is to create long term value and wealth. Or do they seem more like the types to focus on short term gains to the expense of long term value? I think Satoshi was a creator of longer term value, which is why bitcoin has done as well as it has. As for Roger Ver and whoever is running ethereum now, I would be interested to know what public opinion on them is.  

On a more technical side, should bitcoin cash be worth 1/4th of what it is given it has very limited utility. It isn't supported by retailers. It doesn't many have uses or real world application. There's not much good about bitcoin cash to favor it. There is a chance that bitcoin cash's real world value is $400. Whatever value it appears to have may be an illusion.

I think for now, it's pretty safe to say that the bubble that we were observing after the false bitcoin fork is gone and popped.

https://coinmarketcap.com/currencies/bitcoin-cash/

Price is currently hovering at around 1,100 and the ATH hit around 1900 from what I remember. I assume the reason there's an increase from the initial starting price before the pump is that there are people who put their money into BCH a little too late and are hoping to get a rebound back to something that they can sell at to make a quick profit or break even.

[BartS]

anyone who thinks btc cash is a bubble needs to educate themeelsves of how this works

There is a difference between bitcoin cash being a bubble and the recent price surge being a bubble, in the latter case I do no see how anyone can deny it was a bubble, the huge spike in price and then the drop is indicative of a bubble, but when we talk about the former, even if I believe in the vision of the core devs I think there are some merits in bitcoin cash vision of bitcoin so I think it is going to be a project that is going to exist for a long time.

[lepricoin]

I think this is not a bubble, its sharp growth is due to the speculative actions of large companies, and more people are interested in Bitcoin Cash.

[ololajulo]

I think this is not a bubble, its sharp growth is due to the speculative actions of large companies, and more people are interested in Bitcoin Cash.

Asides the use as payment, what are the other use? Characteristics of a dump is a very sharp drop in price and pump is other way around, this had happen many times with the token.

[BartS]

it is a giant bubble, of course, that bubble is even much more bigger than bitcoin. bitcoin cash went up by more than 150% in a few hours, it was obviously going to crash at anytime.
And now it is below $800 each bitcoin cash, they dropped a lot if you see the charts, it touched $2800 as an all time high, it was a lot of money. Poor of those people who bought those scammycash at $2800, they are now in a huge loss of more than two thousand dollars, lmao.
I bought some of them but i sold them and made some profit from them.

This may seem harsh but I’m not sorry for them, all of those that bought at that price were speculators trying to make a quick profit, they knew very well it was a bubble, they were just caught at the wrong time holding the wrong coin and they deserve every single loss they got, they have no one else to blame but themselves, if they play it safe they will not have those huge losses.

[allthingsluxury]

I don't think it is at all. BCH, like all other cryptos is simply riding the wave higher.

[jaysabi]

On an economical point of view Bitcoin Cash is a bubble and so as Bitcoin, a bubble is defined to being an overpriced asset in which it is far away from its real value. The problem with Bitcoin or BCH in this matter is that we don't really know what is the real fair market value for it as we are the only once who are determining the price of Bitcoin. The price of them is so played out that their is no stable price for them. That is why not all people are buying Bitcoin because it is hard to set a foot on.

If you don't have a basis what the price should be, you can't be sure it's a bubble. Not having a basis for the price doesn't mean something is a bubble, but it could be a red flag. The fair market value is generally what the market decides is the price for it, and there is currently a lot of support for both the price of Bitcoin and Bitcoin Cash. But fair market value is not the same as inherent value, and I'm not sure that either BTC or BCH has any inherent value. So where there is a huge disparity between inherent value and market value, I would be worried that something arbitrary can crash the price for no reason and without warning.

[Harlot]

On an economical point of view Bitcoin Cash is a bubble and so as Bitcoin, a bubble is defined to being an overpriced asset in which it is far away from its real value. The problem with Bitcoin or BCH in this matter is that we don't really know what is the real fair market value for it as we are the only once who are determining the price of Bitcoin. The price of them is so played out that their is no stable price for them. That is why not all people are buying Bitcoin because it is hard to set a foot on.

If you don't have a basis what the price should be, you can't be sure it's a bubble. Not having a basis for the price doesn't mean something is a bubble, but it could be a red flag. The fair market value is generally what the market decides is the price for it, and there is currently a lot of support for both the price of Bitcoin and Bitcoin Cash. But fair market value is not the same as inherent value, and I'm not sure that either BTC or BCH has any inherent value. So where there is a huge disparity between inherent value and market value, I would be worried that something arbitrary can crash the price for no reason and without warning.

The fair market value is more than what the market decides, what you are simply telling us is that every time the price moves up and down for Bitcoin or Bitcoin Cash for this matter is that it is their current fair market value which is wrong as a fair market value does not always change rapidly and it is determined by other components which Bitcoin or BCH does not have at all there are not Financial Statements, No market comparison, No Fundamentals it is just pure Demand and Price action.

[Cazemiro]

I'm think that a group of persons is manipulating the market, 30% increase a day is very stranger! But the BCH bubble is bubble! like 99% of altcoins...

[mufettis]

every exchange tools can be bubbled including usd, it depends on the market supply and demands actors, so bitcoin cash is also can be a bubble

[Basmic]

it is a giant bubble, of course, that bubble is even much more bigger than bitcoin. bitcoin cash went up by more than 150% in a few hours, it was obviously going to crash at anytime.
And now it is below $800 each bitcoin cash, they dropped a lot if you see the charts, it touched $2800 as an all time high, it was a lot of money. Poor of those people who bought those scammycash at $2800, they are now in a huge loss of more than two thousand dollars, lmao.
I bought some of them but i sold them and made some profit from them.

This may seem harsh but I’m not sorry for them, all of those that bought at that price were speculators trying to make a quick profit, they knew very well it was a bubble, they were just caught at the wrong time holding the wrong coin and they deserve every single loss they got, they have no one else to blame but themselves, if they play it safe they will not have those huge losses.

The fact that bitcoin cash was bubble, it was clear from the beginning. Those who bought this coin and have lost their money and killed by greed. I feel sorry for them. On the other hand now they will be more resilient to such events and perhaps in the future will not lose their money. Maybe you lost $ 2000 but saved $ 5,000 in the future.