What/who causes these sudden BCC pumps?

[wklt2002]

For example today, bitcoin cash went up 20%, is it because of some announcement or is it a group of whales pumping the coin?

[quantumcomputing11]

Whales mainly, most pumps are controlled by whales and you must follow that whale money because they know how to game the current system.

[rayk]

It is probably about the decrease of bitcoin's price. I see many people support bitcoin cash, for me it is not real bitcoin of course but in the long term it can be higher

[oscarrsm]

I can ask the same about NEO. Now its price is x2. And I have no idea why. Whale games, bitcoin growth, the overall growth of altcoins, there is no clear reason and explanation. I just look at the price and think - I have to wait or fix at this high price?

[wklt2002]

Whales mainly, most pumps are controlled by whales and you must follow that whale money because they know how to game the current system.

But is there any way to predict/ know when the whales are going to pump? That would obviously help alot 

[wklt2002]

It is probably about the decrease of bitcoin's price. I see many people support bitcoin cash, for me it is not real bitcoin of course but in the long term it can be higher

But judging on the graphs on coinmarketcap.com bitcoin didn't even go down that much past few days, and still Bitcoin cash went up something like 20%. (not sure about earlier pumps though so you might be right)Thanks for your explanation

[Freddoe]

I think it's great to se that BCH whent over the 2K mark. THis is realy good and looks promesing for those of us who holds BCH.

[friday99]

maybe the treading is very much focused on the cause of the altcoin movement is very fast.

[APICEMTECH]

Bitcoin cash or BTC cash is the most centralised coin out there. It is absolutely against the idea with which btc was built at the first place. Reason of pumps are Roger Ver and team.

[phreakk]

For example today, bitcoin cash went up 20%, is it because of some announcement or is it a group of whales pumping the coin?

Can you please stop calling Bitcoin Cash "BCC"? It's BCH, not BCC. BCC stands for BitConnect, also known as the scam coin that has lead many people into its ponzi scheme.

Now back to your question: For example today, bitcoin cash went up 20%, is it because of some announcement or is it a group of whales pumping the coin?

AFAIK, there was no announcement or anything that caused the pump. It might be whales, though it doesn't necessarily have to be that.
Cryptocurrencies are volatile by themselves already, they don't need whales to fly up & accelerate downwards again. Volatility finds its origins in their genes.

Whales mainly, most pumps are controlled by whales and you must follow that whale money because they know how to game the current system.

But is there any way to predict/ know when the whales are going to pump? That would obviously help alot  

Although there are some Whale chat-groups, whales generally don't want people to know about which coin they're about to pump.
Because what happens when you tell the public what coin you're gonna pump? They buy the coin & it rises. That means it'll cost you money.
What happens when you tell the public what coin you're gonna dump? They sell the coin & it drops. That means you'll lose money again.

When you find a whale group, don't invest immediately. They might simply say they're gonna pump a coin to make you buy it, so they can dump it & make more money, at the cost of you losing money.
It's best to test them a bit with "Imaginary" money on a spreadsheet.  

[wklt2002]

For example today, bitcoin cash went up 20%, is it because of some announcement or is it a group of whales pumping the coin?

Can you please stop calling Bitcoin Cash "BCC"? It's BCH, not BCC. BCC stands for BitConnect, also known as the scam coin that has lead many people into its ponzi scheme.

Now back to your question: For example today, bitcoin cash went up 20%, is it because of some announcement or is it a group of whales pumping the coin?

AFAIK, there was no announcement or anything that caused the pump. It might be whales, though it doesn't necessarily have to be that.
Cryptocurrencies are volatile by themselves already, they don't need whales to fly up & accelerate downwards again. Volatility finds its origins in their genes.

Whales mainly, most pumps are controlled by whales and you must follow that whale money because they know how to game the current system.

But is there any way to predict/ know when the whales are going to pump? That would obviously help alot  

Although there are some Whale chat-groups, whales generally don't want people to know about which coin they're about to pump.
Because what happens when you tell the public what coin you're gonna pump? They buy the coin & it rises. That means it'll cost you money.
What happens when you tell the public what coin you're gonna dump? They sell the coin & it drops. That means you'll lose money again.

When you find a whale group, don't invest immediately. They might simply say they're gonna pump a coin to make you buy it, so they can dump it & make more money, at the cost of you losing money.
It's best to test them a bit with "Imaginary" money on a spreadsheet.  

Thanks for your answer, about the BCC/BCH thingy you were right, I thought it was BCC because on LiteBit.com it says BCC.

[Phillip_Olamide]

Is it just me or is anyone linking it to the upcoming BCH fork in January?

[VarDiff]

No reason. Bitcoin Cash now is the main buffer for Bitcoin.

Before BCH fork this role was played by Litecoin. Most reach people were also holders of Litecoin and swap their money between two coins.
Now they switched to BCH (because they got Cash for free, as you can understand)

So I guess we observe a cyclic pumping of two coins - BTC and BCH

[bitcub]

Based from the daily chart timeframe, BCC is schedule to go up but it won't go up a huge just like the noobs are expecting. Hope you wont buy from the top.  I am also planning to ride BCC but I will wait until it go below .06btc

For example today, bitcoin cash went up 20%, is it because of some announcement or is it a group of whales pumping the coin?

[Gabb]

I find it more than evident that Bitcoin Cash tends to be a counterbalance to the deficiencies or advances in the ecosystem of "his father" Bitcoin, which has tended to develop (in general terms, but with notable exceptions) a negative correlation with the price of bitcoin, and that was clearly demonstrated during the period of great volatility in mid-November, and apparently today was confirmed.

[Alns]

For example today, bitcoin cash went up 20%, is it because of some announcement or is it a group of whales pumping the coin?

Not only twenty percent, it went up by more than a thirty percent today, the price is over $2300 right now, that is scary as fuck.

I dont care anymore about it, i will never switch all my bitcoins to bitcoin cash just like it happened before, and if you want to know the real reason of why it suddenly pumped, just go to reddit.

There was a massive plan about switching again and selling some profits to make the same move as they did before on November 12th.

Bitcoin cash is much more fast, but it does not means that it is better than bitcoin, because it will never be.

[makishart]

For example today, bitcoin cash went up 20%, is it because of some announcement or is it a group of whales pumping the coin?

It's caused by a whale group are trying to pump it without any fundamental aspect if you are looking about the specific news about the bitcoin cash and then i can say there is no interesting thing about it right now. How bitcoin cash comes to the pure speculation only but i know that about a reason the bitcoin cash pump. Whales are betting on the bitcoin cash to be listed on the coinbase on january 2018.

[iconoclast]

It is up 60% in 24 hours, that is quite the pump but it is mostly down to Coinbase adding it to their wallet.

[adiksau0414]

Just read this cool article and its kind make the poessible pumps bitcoin cash. (thanks google gmfor the info also to steemit). Just want to share this clip comes from the article "1. The first reason is a desire for diversification. Many who trade cryptocurrency keep a diverse collection of crypto-tokens in hopes of maintaining a diversified portfolio as well as not missing out on any “new moons”, so to speak. 2.The second possible reason could be attempts at pairs trading. Pairs trading is a form of arbitraging prices between two assets that share similar characteristics and are believed to be of similar risk profiles. I guess, this article is relevant to the bcc pumps. People are eyeing in the new possible opprtunities in trading.

[VackFromOhm]

Uhg, these pumps are always so scaring exactly because of this question. You never know whether or not the price is jumping because people care about the coin/there was a new development, or if it's because of the whales making an organized attempt at pump and dumping.

Oh, and BCH was added to coinbase/gdax today, so that might have something to do with it. I'd bet that this is slightly in relation to that.