Bitcoin Cash on the rise! Is this sustainable?

[valerie_zurich]

BCH/USD up ~8% in the last 24 hours as Bitcoin Cash reaches a new 3 month high! Approaching $1,500 fast! Is the growth bitcoin cash is experiencing lately sustainable?


https://cryptocoincharts.info/coins/show/bch

[AlisaWhishie]

I think it will grow until May, 15 at least because on this day its hardfork will occur, so now a lot of people will go and buy it, and it can result as a price pump. Actually, I don't like to call it pump, as pumps are something artificial, a market manipulation done to fool other traiders and get your profut, but still I can't call this a natural growth either.

[thecodebear]

no. its a useless pump and dump altcoin. It is already farrrr overvalued.

[Didin]

a lot of issue in bitcoincash
so, i think this growing price just for a while
just becareful, because the price can be down anytime

[kirstiemorton23]

I think Bitcoin Cash managed to get everyone watching it, increased 8% in the last 24 hours and was worth $ 1500, I heard my brother say BCH just went up for a while even I heard a worse assumption than that, I can not judge exactly, but I think the trend of Bitcoin cash will continue until the end of 2018

[coly20032003]

I bought some bitcoin cash last year when I just entered the crypto world. At that time the price is like $3000. Then later it keeps falling. I am sill under water right now. Will wait to see if I can make profit some time soon.

[eagleman]

Get yourselves, they are pumping it so that they can get more investors.
And when they are done and has enough gain, good luck to those FOMO's that bought during the dip.
There will be a fork that's about to fix some issue so that can be another factor why it's pumping.

[mybtcasset]

Bitcoin Cash is trap like coin we may get trapped with FOMO based coin so it is better to stay away from Bitcoin cash at price hike

[greatk]

It should pump till May 16, then correct again to stabilize at a higher price. Probably pump to $3,000 

[kul0n]

I think that a bitcoin cash is just a manipulation tool, no more, I do not recommend to keep it on a long line.

[poodle63]

BCH/USD up ~8% in the last 24 hours as Bitcoin Cash reaches a new 3 month high! Approaching $1,500 fast! Is the growth bitcoin cash is experiencing lately sustainable?


https://cryptocoincharts.info/coins/show/bch

This is not sustainable but I guess the only possible thing to make it will have happened if the crypto will continue its trend. The majority of cryptos are on the rise and then it looks like this is the time for bitcoin cash to follow the major trend of the cryptocurrency right now.

[Suslived]

BCH/USD up ~8% in the last 24 hours as Bitcoin Cash reaches a new 3 month high! Approaching $1,500 fast! Is the growth bitcoin cash is experiencing lately sustainable?


https://cryptocoincharts.info/coins/show/bch

Probably not. Remember that bitcoin cash is a sketchy coin run by greed-oriented people. They have been trying to promote their altcoin by calling themselves the "real" bitcoin when in reality all they did was to increase block size.

I would stay away from trading BitcoinCash as they are well-known for manipulating pumps and dumps in attempts to hurt and overtake bitcoin.

[badykvik]

I think the rise in price of bitcoin cash is just for a while hence making it unsustainable. The rise is price is probably to attract new investors and as soon as people pump into it, there will be a fall in the price .The rise is just a trend because most cryptocurrency are rising and they feel they shouldn't be left out in the trend.

[justin86]

a lot of issue in bitcoincash
so, i think this growing price just for a while
just becareful, because the price can be down anytime

I agree with you, I can't say this coin is useless, it is in fact more useful than bitcoin but usefulness does not work for bitcoin cash, this rise can end up with a correction anytime so I would not buy it now.

[BitcoinHodler]

8% rise is not something worthy of starting a topic over when we are talking about altcoins. specially when there are at least 5 other coins that have risen more than 100% in the past 24 hours and at least 50 other coins that have risen more than 8%.

bitcoin cash is not anything special it is just fluctuating and it is stuck in this price level. there is no pump coming for it if that's what you were assuming.

[Tankdestroyer]

BCH/USD up ~8% in the last 24 hours as Bitcoin Cash reaches a new 3 month high! Approaching $1,500 fast! Is the growth bitcoin cash is experiencing lately sustainable?

It is a useless coin, therefore the growth it is experiencing is unsustainable. What currently sustains the price is only it being a hard fork of btc, and of course some manipulators that tries to gain a hefty sum of profit from noobs who thinks that BCH is good and from those who still believes bitcoin cash will someday be on par or beat btc. If you want to hodl bitcoincash though, I suggest you don't buy it now.

[xXLimbXx]

Yeah it can definitely slowly pump until 2-3k but I dont think it will be sustainable and I expect a big dump after the hard fork.

[djsugar]

BCH has largely been pump and dump coin usually controlled by Roger Ver. Coin has nothing new to offer. But being the first proper Bitcoin fork, it has been able to maintain its price and stay in top 10. BCH is indeed good for short term profit. But never a good long term hodl because of the lack of potential. The 12% growth is enough in short term to book profit from such coins. Unless the Roger Ver and company try to conduct another pump, there is a least chance of 2x-3x profit.

[ReiMomo]

Certainly yes, Bitcoin Cash is on the rise and it is a direct competitor for Ethereum I think. Bitcoin have created and drived the Bitcoin Cash to trend and dominate the altcoins section in the crypto market. Bitcoin Cash not only increased in value but also increased in market cap in a short period which is one of the healthy and positive sign for a potential crypto.

[thedarksun]

In my opinion it is only temporary pump. Bitcoin cash is not good coin to invest a lot of money, this short growth is good in fast investments only, so be careful