BTC price decreases and BCH increases sharply, why?

[leitsme]

I wonder when the whole market dyed red but BCH increased sharply and the price of BTC fell sharply. Shark want everyone sell the BTC to buy BCH, then the shark will harvest the BCH and increase the BTC again.
Should I sell BTC now??

[scottykarate]

I wonder when the whole market dyed red but BCH increased sharply and the price of BTC fell sharply. Shark want everyone sell the BTC to buy BCH, then the shark will harvest the BCH and increase the BTC again.
Should I sell BTC now??

I wouldn't. I don't want to try to figure out what Ver/Coinbase and his cronies are up to and have to worry about knowing when to bail back out of BCH and try to buy back into BTC at a decent price.
I guess it depends on your tolerance for potential loss either way.

[BUSTEDCLUB]

just another pump and dump game, peeps try to make more money, thats all.

[SauteedEntrails]

it was probly just the ppl freaking out about btc futures being halted due to SEC. now they are moving funds to bch
also agree with bustedclub

[BossMacko]

I wonder when the whole market dyed red but BCH increased sharply and the price of BTC fell sharply. Shark want everyone sell the BTC to buy BCH, then the shark will harvest the BCH and increase the BTC again.
Should I sell BTC now??

I really don't advised that you sell your Bitcoin now, Whales selling their BTC and Buying BCH is part of their tactics to get income, and they are the only person who can do that since they can control the market with their large bankroll of crypto. But do not worry because they will be selling their BCH again and going to buy BTC again to gain more profit and Bitcoin price will still rise in the future.

[SauteedEntrails]

exactly

[iqlimasyadiqa]

I wonder when the whole market dyed red but BCH increased sharply and the price of BTC fell sharply. Shark want everyone sell the BTC to buy BCH, then the shark will harvest the BCH and increase the BTC again.
Should I sell BTC now??

For me this looks normal only because the movement of digital currency is very difficult to predict. It could be some time before all things turn around. We do not know what happened, but it is certainly the demand factor that makes the greatest impact on the price movement of Bitcoin and BCH. If you believe in a coin then I think you should try to wait some time to do the best analysis.

[EMINeMxShOw]

I don't suggest, just wait for lighting network release
It's good to invest on other good coins BUT BTC is The Whole Story;)

Regards,

[scottykarate]

it was probly just the ppl freaking out about btc futures being halted due to SEC. now they are moving funds to bch
also agree with bustedclub

I don't see any news about the BTC futures being halted.

[AngelJoshua]

its just an strategy of many price manipulators i guess dont sell on your bitcoin because its dipping , its just normal here a pump and dump to earn more profit from it also i dont think its the right time to buy bitcoin cash its pumping if you buy some of it and suddenly go to dip again you will lost your money on it

[tomahawk9]

I wonder when the whole market dyed red but BCH increased sharply and the price of BTC fell sharply. Shark want everyone sell the BTC to buy BCH, then the shark will harvest the BCH and increase the BTC again.
Should I sell BTC now??

Do not sell your BTC, hold your coins.

What we're seeing right now is the part 2 of the Pump and Dump tactic that we saw back in November (P&D, tx spam, social media FUD), only difference is that the attack today is on larger scale. This time a bigger Bcash supporter, Coinbase, has actually made its move and is causing some major movements in the market. Since b2x on Coinbase didn't go though, Brian Armstrong and his friends have decided to go all-in on bcash.

Expect a bcash pump in the next few hours, followed by a massive dump later today when GDAX begins bcash trading.

[mOgliE]

Hi,

What you are writing actually makes no sense. If you the current price is lower than the price at which you bought, then it would be stupid to sell. Such panic moves make incredible trends but they should not exist.

Yes, some people are selling. And indeed, after bitcoin prices have skyrocketed, they wish to keep on making profit, thourgh other crypto currencies. If you sell now, you do exactly as they want. And you are not the one becoming rich in the end!

Don't panic. And do as you feel!

[agentx44]

I wonder when the whole market dyed red but BCH increased sharply and the price of BTC fell sharply. Shark want everyone sell the BTC to buy BCH, then the shark will harvest the BCH and increase the BTC again.
Should I sell BTC now??

Well for me, it is not that surprising. Most of the coins from forks are getting in mainstream right after the release in the market. It happened to Bitcoin gold and cash which before be more indemand that caused the value of bitcoin to fall. I would suggest you on not to sell Bitcoin but rather wait since for the long run, Bitcoin is way better.

[Mometaskers]

No, don't sell your BTC. Do try to sell your BCH if you can.

This is more about Coinbase announcing they'd start accepting BCH immediately. I believe the news before was that it would take them up to January to be ready for it. Which they then halted (was selling for as high as $9000).

[filharvey]

I wonder when the whole market dyed red but BCH increased sharply and the price of BTC fell sharply. Shark want everyone sell the BTC to buy BCH, then the shark will harvest the BCH and increase the BTC again.
Should I sell BTC now??

I think that roger ver has got once again active after his one month sleep when bitcoin price quickly rose to $20,000.It seems part 2 of BCH attempt to replace bitcoin.BCH is now being backed by famous peronalities like roger ver,craig wright and jihan wu.All those personalities just point out the network congestion in bitcoin and high transaction fee it has now which makes it hard to use for sending money and they say that bitcoin is now not in the form which satoshi wished.they suggest that BCH would fulfill whatever satoshi expected.

[shamzblueworld]

Apart from the view that the whales are just maneuvering, one reason for bitcoin cash rising could be the people actually are starting to use it more often, due to its benefits over bitcoin.
People are to use alts for transactions, so why not a bitcoin fork, seems more appropriate to use it actually.
Fast transactions, low fees, and huge support and development back up too. 

[runner-yc-0621]

It's good time to invest on other good coins.

[ahmadhidayat27]

Do not sell your BTC now, save it! It's just a very reasonable year-end phenomenon. For now hold up until early next year. Bitcoin prices will return to normal after the new year. But if you want to sell it and buy BCH it's all up to you, I just give advice from experience I've ever experienced.

[HagueCrypto]

Well it’s a good moment to invest in BTC I guess.

[geo43]

Coinbase is looking into BCH insider trading. I would hold steady for now until this is hashed out.