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Author Topic: Why bitcoin cash Pumping ??  (Read 352 times)
niisarearning (OP)
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December 20, 2018, 06:25:09 AM
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Last two days i am checking crypto market to make my come back to crypto world . Based on my understanding BCH splits to two currency bitcoin SV and BitcoinCash ABC . Now i couldn't able to find Bitcoincash ABC in coin market cap . Instead BCH is pumping . Could somebody summarise the scenario After fork what actually happened . Thanks in advance
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December 20, 2018, 07:31:41 AM
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Last two days i am checking crypto market to make my come back to crypto world . Based on my understanding BCH splits to two currency bitcoin SV and BitcoinCash ABC . Now i couldn't able to find Bitcoincash ABC in coin market cap . Instead BCH is pumping . Could somebody summarise the scenario After fork what actually happened . Thanks in advance
Bitcoin ABC has been merged with bitcoin CASH, if you are seeing bitcoin cash on the market means if you see the bitcoin ABC too. You can still find ABC on CMC but it's already dead because it has merged with BCH.
https://coinmarketcap.com/currencies/bitcoin-cash-abc/#charts

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December 20, 2018, 07:38:30 AM
 #3

bitcoin cash and bitcoin cash abc are the same thing.

and it is not pumping, it is just the bitcoin effect when bitcoin rises after a long fall which altcoins also followed, they will also recover their big falls a little bit.
additionally like any other altcoin when they get dumped a lot after the dump is over there is a bigger recovery than usual but that doesn't mean it is pumping. it may lead to a pump later if they decide to inject some money out of their pockets into the market.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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December 20, 2018, 07:43:50 AM
 #4

This is just a war between 2 whales. For ordinary investors, it is best to stay away from these awkward things, otherwise we may also be hurt.
Both ABC and SV are pumping from this market and trying to crush each other. I don't think this is a good thing for the development of crypto.

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December 20, 2018, 03:36:59 PM
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still in process. there is a war between these two projects and Roger’s team is winning right now, but it seems to me that nothing good will be in the end

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December 20, 2018, 03:42:25 PM
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No news found but maybe tomorrow there's a surprising article of the reason.

This is a typical pump and dump so be careful if you'll feel FOMO with this coin.

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December 20, 2018, 03:56:25 PM
 #7

BCash is already very damaged. Who knows if BCH will not fork again and have another hash-war if some members of the team do not agree to development. Starting always forks when you disagree isn't a solution and will split value of the forked coin.

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December 21, 2018, 12:34:11 AM
 #8

already common, if the hardfork process is complete, the coin will experience a pump. but it still impacts on other coins that are not currently pumping.
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December 21, 2018, 03:36:41 AM
 #9

bitcoin cash and bitcoin cash abc are the same thing.

and it is not pumping, it is just the bitcoin effect when bitcoin rises after a long fall which altcoins also followed, they will also recover their big falls a little bit.
additionally like any other altcoin when they get dumped a lot after the dump is over there is a bigger recovery than usual but that doesn't mean it is pumping. it may lead to a pump later if they decide to inject some money out of their pockets into the market.
Bitcoin cash has gone up 50% in the last 24 hours so that qualifies as pumping even if bitcoin is one of the important reasons of why that is happening, but I really think that bitcoin cash is a coin that is heavily manipulated, of all the coins at the top 10 that I watch bitcoin cash is the only one that has movements that are so sudden and violent.
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December 21, 2018, 03:39:51 AM
 #10

already common, if the hardfork process is complete, the coin will experience a pump. but it still impacts on other coins that are not currently pumping.
The hard fork was already complete and yet the pump happened after that.

I don't think there's connection to it but it seems that the two fork coins are still competing base on the prices. They have been pumping all day long and if this will continue up they reach $1,000, well that's impressive but still not buying them.

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December 21, 2018, 03:41:17 AM
 #11

The 2 variants of Bitcoin cash are putting back on some of their heavily cut value in the past few days same as Bitcoin and Ethereum. Bitcoin cash is gaining more at the moment as the hard fork and subsequent hashing war had a bigger effect on the drop in value than the wider market.

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December 21, 2018, 03:54:10 AM
 #12

This is just a war between 2 whales. For ordinary investors, it is best to stay away from these awkward things, otherwise we may also be hurt.
Both ABC and SV are pumping from this market and trying to crush each other. I don't think this is a good thing for the development of crypto.

in my opinion if there is competition between two whales it won't make a pump, instead a dump will occur, because both of them will try to drop each other. But it is true that any competition that occurs in crypto always ends up being unhealthy and this makes crypto get a bad stigma

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December 21, 2018, 04:00:11 AM
 #13

BCH is still down 13% over the last month. Some speculate BCH is currently being bought up by Bitmain in order to make their end of year balance sheet look good. If you bought BCH to get in on the fork action at any time pre-fork you're still sitting on a loss if you combine the prices of both BCH and BSV. Best thing to do is not get caught up in either one of these coins, especially now.
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December 21, 2018, 04:03:32 AM
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Last two days i am checking crypto market to make my come back to crypto world . Based on my understanding BCH splits to two currency bitcoin SV and BitcoinCash ABC . Now i couldn't able to find Bitcoincash ABC in coin market cap . Instead BCH is pumping . Could somebody summarise the scenario After fork what actually happened . Thanks in advance
This is a good situation, the price of Bitcoin has experienced a significant increase over the past 2 days. Public sentiment is getting better and the main factor is because the demand for bitcoin is increasing. I have seen this kind of situation happen very normally. Even Bitcoin is predicted to become a financial system that is used globally.

Support and increase the use of Bitcoin, because then we will get satisfying results too. When we invest in Bitcoin, we will benefit when the price increases.
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December 21, 2018, 04:26:08 AM
 #15

I think both of the Bitcoin cash Variants ABC and SV were pretty hard hit with the struggle to see which would take the dominance of hashing power. The overall state of crypto didn't help either and now that the decline seems to have stabilised we should see some good improvements in Bitcoin cash as the struggle for hashing power dominance settles down

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December 21, 2018, 04:36:45 AM
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Because father of all coins is pumping so children are following their father.  Grin
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December 21, 2018, 04:54:37 AM
 #17

I think both of the Bitcoin cash Variants ABC and SV were pretty hard hit with the struggle to see which would take the dominance of hashing power. The overall state of crypto didn't help either and now that the decline seems to have stabilised we should see some good improvements in Bitcoin cash as the struggle for hashing power dominance settles down

The hash war is long over. It really doesn't matter if SV moves ahead of BCH in hash rate. The coins are split; there's no going back. The exchanges aren't going to suddenly switch their naming conventions around if SV has more hashpower. Craig lost already.
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December 21, 2018, 05:17:24 AM
 #18

I don't understand why such questions arise, if the value does down then the top is why it is dumping if it goes up why it is pumping. May be a big investor would have invested a huge amount, just make use of things if it goes well.
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December 22, 2018, 08:37:08 AM
 #19

As far as I know they have been preparing to go public in Hong Kong, it seems that Hong Kong has rejected their request for listing, so they should inject the money into the token, which should be the reason. Other than that, I don't know why.
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December 23, 2018, 01:40:38 PM
 #20

ABC has been taken out of the picture in coinmarketcap. The remaining coin fork of BCH was SV. And as you noticed, we have seen some major pumps on BCH, and as what I can tell, the dump season of BCH has concluded.

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