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Author Topic: BCH DUMP??  (Read 187 times)
DabsGalore
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October 11, 2018, 12:52:33 AM
 #1

what just happen to BCH? It just dumped in a matter of minutes.
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October 11, 2018, 01:04:21 AM
 #2

I have searched everything related to Bitcoin Cash and what happened to it today, and i got nothing.
it seems the market is starting to going down, look at ETH for example. It went down as much as Bitcoin Cash did.
(it is just my speculation, or something might happen because i saw stocks were going down too).

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October 11, 2018, 01:20:39 AM
 #3

Its down by -8.53% which is relatively high than ETH but its not the only coin that got dumped today.

Check CMC, most of the coins are down including bitcoin. We've seen $6400 line again for bitcoin and $400 line for BCH. I haven't checked the market until you posted this and it seem to be the market is shaking again. Where are those people that admired the rumored exchange that will base BCH as main pair?

DabsGalore
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October 11, 2018, 01:20:46 AM
 #4

I might be wrong but it seems bch started this trend, market is getting butchered randomly atm.
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October 11, 2018, 01:25:12 AM
 #5

what just happen to BCH? It just dumped in a matter of minutes.
A new case comes from thai that there was a scammer getting caught by regulators. Not only BHC but that was affecting the whole of cryptocurrency. this has become the real problem in the crypto since there was bunch of scam projects. I thought that's the main reason why the price of crypto goes down a lot to the bottom again dude.

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October 11, 2018, 01:40:55 AM
 #6

Market Cap lost like $12B in just some minutes... but there is no news behind all this
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October 11, 2018, 01:49:41 AM
 #7

Hi
not only BCH, all coins in the market, almost all of them dump. BCH down 7.68%
bitcoin, etherum, ripple is also a dump. even though last week, a lot of coins were green and I thought this would be the beginning for a big pump. but this week it was a dump again.

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October 11, 2018, 02:02:48 AM
 #8

Market Cap lost like $12B in just some minutes... but there is no news behind all this
Wait for few hours and we'll see some relative news regarding this dump.

I'm not sure if this is part of it:
1Broker Says Bitcoin Futures Site Will Start Processing Withdrawals Thursday

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October 11, 2018, 02:08:02 AM
 #9

Anything that has trading pairs (btc, eth, xrp, ltc, and bch) can affect the entire market in an instant.
Of course, btc has the most sway, but even bch can too.

It's quite simple: there was a mass bch selloff.
There are only so many exchanges and so many buy/sell orders.
when a coin gets dumped by someone or by a group of people all at once, it quickly diminishes the price.
This automatically lowers the value of all of it's trading pairs.

Well, that's the technical side to it, but I'm not sure why it happened.
The withdrawal of bitcoin futures could be it, that means that peole invested in that had the chance to cash out and they did the first chance they got.
In the case of bch, there are quite a few well known whales who have proven to manipulate the market through btc and bch and perhaps theya re doing it again.
Maybe to stall the next bull run so it is more advantageous for them.

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October 11, 2018, 02:37:53 AM
 #10

on which exchanges do you see that, because buyers in each market are uncertain so one of the markets controlled by the middlemen holds full price control.

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October 11, 2018, 02:42:43 AM
 #11

what just happen to BCH? It just dumped in a matter of minutes.
Not just BCH all other coins also fell. I think this market is really hard to predict and the risk is very high when investing at this time. Personally I would not invest this year and wait for the uptrend period to be able to earn better profits

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NerdYale
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October 11, 2018, 02:45:54 AM
 #12

what just happen to BCH? It just dumped in a matter of minutes.

If you are really looking at the market, its not  only BCH got dumped but also other altcoins as well took the dive and some dropped even lower that BCH. just look at the top 10 in CMC, except tether everything has its own dive.

EscrowService28
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October 11, 2018, 03:06:29 AM
 #13

Everyone noticed it that it is not only BCH decrease big but all coins. Seems the market are really going down and we will not expect a good transition towards bull run season. There is no news about it that could drag the price but I think its because many traders are cashing somehow on the same day that's all. A group or whales needed funds  so they need to sell their big coins. If the market never goes up toward November, so this year is quite a doom bringer for us.

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Ayomiqueen
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October 11, 2018, 03:36:03 AM
 #14

Every other coin did too but I think we are seeing another dip of waves in this short time and a kind of retrace for little boom in some days time.

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October 11, 2018, 03:42:21 AM
 #15

Not only BCH but also more altcoin have dump because effect of bitcoin have drop price, when bitcoin at lower price all of altcoin will be dump and drop. Just waiting until bitcoin is growing up and hope BCH could be pump to higher price.

popkiko
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October 11, 2018, 03:52:01 AM
 #16

The market is going down not only the BCH but there is no news about that big dump maybe it is the time to sell our coin?

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leviathon
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October 15, 2018, 08:51:40 AM
 #17

It looks like all of the coins are dumping in accordance to the price of bitcoin so I would not say that it is a bch dump, just a general dump in the market. That is one thing that we need to understand, the coins are always going to follow the price of bitcoin and we do not have to worry about coins like bch anyway, it is always going to do well

DabsGalore
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October 17, 2018, 01:06:30 PM
 #18

That's very true, but it seem that day BCH lead the charge. The way XRP did like a few weeks ago.
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October 17, 2018, 01:39:05 PM
 #19

I think it's not just BCH that goes down but all altcoins also come down ...
maybe this is due to the price of bitcoin that still hasn't risen so that all altcoins are also declining

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October 17, 2018, 01:41:28 PM
 #20


Any BTH fans? I do not understand why he is needed at all? Roger is just promoting it, but the essence is the same as that of Bitcoin.

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