I understand the drop of price of Bitcoin, but why Bitcoin Cash?

[junoreactor]

Hi folks,

The reasons of the drop of price of Bitcoin are pretty obvious to me (saturated network, too high fees), but why is Bitcoin Cash price not benefiting from this? This does not make sense.

Does anyone have a clue?

All opinions welcome.

[Red-Apple]

The reasons of the drop of price of Bitcoin are pretty obvious to me (saturated network, too high fees),

the reasons for either a rise or a fall are never 100% obvious to anyone, how can you be sure about this is beyond me.
of course the high fees didn't help the situation but it was not the reason in my opinion. the fees were high for a long time, and they were high before during other rallies too but they never caused a drop.

and if anything, high fees should have prevented a lot of people from being able to transfer their coins and sell them!

but why is Bitcoin Cash price not benefiting from this? This does not make sense.

simply because bitcoin cash was already pumped from 0.09BTC up to 0.25BTC and it needed to get dumped first and it just coincided with bitcoin's correction.

[borgx]

christmas time. Every coin dropped.
Maybe a little bit more drop but starting from sat/sunday we will rise again, i'd say.

[NeuroticFish]

All opinions welcome.

BCash promoters will have to understand that without Bitcoin they are also doomed, like all the altcoins.
It's not only BCash falling, all the alts got a big blow, most (including BCash) even bigger (as percents) than Bitcoin.

December was a great month for all the coins, but maybe it was just a pump.
Today the time for correction came, it seems. Let's see how long it takes when we see green again, at least for Bitcoin.

[junoreactor]

Ok, then maybe a lot of short term investors looking for a +30% profit, they did well then.
Still very concerned about Bitcoin fees and I don't think I'm the only one.

[8count]

Correction was way over due. But I think all the whales are just cashing out on their pre xmas pumps for the xmas break. They will take a week or 2 off relax and come back in once the price bottoms out. Bcash was WAY over priced it still needs to come down some more in my option anyway.

Enjoy the holiday period all

[Manowar_PL]

People are getting out of crypto and going to fiat. It is bonus season. Plus, Bitcoin Cash haters just received their BCash from Coinbase and are dumping it to buy more of their precious Bitcoin.

[CryptoKranthi]

Christmas is 2 to 3 days away.so it's common for every coin.BCH is not different.

[hieu81]

christmas time. Every coin dropped.
Maybe a little bit more drop but starting from sat/sunday we will rise again, i'd say.

I hope so! My coin reduce profit about 30% in last day! I hop it will grown up after chisrtmas!
I will hold all my coin for this times

[cryptospear]

Hi folks,

The reasons of the drop of price of Bitcoin are pretty obvious to me (saturated network, too high fees), but why is Bitcoin Cash price not benefiting from this? This does not make sense.

Does anyone have a clue?

All opinions welcome.

Whales from BCash dump their BTCs to be the bait for small fishes,and when they have took their profits they will dump the Bcash.

[Eddyc]

In counterpart the whales have the strength to move the market this way? or does the entrance of a large institution have that power? To move the market this way, need billions. So rates, saturated networks is not the problem but rather the solution to a big fall. In relation BCash is just surfing on the same wave as Bitcoin.