Bitcoin Cash jumps up!!

[indoagung88]

What you see with the price of Bitcoin Cash, you will definitely think something extraordinary has happened. Namely the price rose very quickly $ 324. What is the underlying cause? Share your opinion in this event. Thanks for you all.

[Newmusa]

The main causes of the suddenly increase is base on bitcoin because as we can see two days ago bitcoin has been doing great and once bitcoin increase other coins also increase.

[chocopapaya]

It's not BCH that's pumping, its BTC.
Just take a look at the graphs, the entire market is following BTC's rise.

So just price wise, it may look like BCH is on fire right now, but take a step back and realize it is mainly due to btc.
Now, to determine the actual value of bch, you have to look at how much it is worth in terms of btc.

Let me explain.

Let's say, just for example, BCH is worth 1 bitcoin on the exchanges and 1 btc is worth $1000
Then BCH will be displayed as being worth $1000.
So when btc pumps and becomes worth $2000, then BCH looks like it is worth $2000.
Wow! It doubled in price!
But when you go to trade it, it is actually still going for 1 btc, so it's value hasn't increased at all really.

This is simplified example, but shows that coinmarketcap can be misleading, you need to go to the actual exchange and calculate everything out.

[mrdeposit]

Let's call it correlation among the top cryptocurrencies especially for BTC and altcoins. BCH has taked the advantage of being "real vision of Satoshi Nakamoto" but they use all possible ways for promoting BCH as real BTC.

[tomahawk9]

According to CMC, Bitcoin Cash is the only crypto that's up by +50% since the pump in the market started.

With such low volume levels, I doubt this is an organic growth, it looks more like Roger Ver and his gang are manipulating the price by injecting tons of money to artificially pump the BCH price to make it look attractive to the FOMO buyers and newcomers that are starting to enter the market.

If I were a BCH bagholder, I would definitely start considering dumping some of the bags.

[asdlolciterquit]

i suggest everyone to take it easy. It's too early to know if this is the right time to jump up.
There are a lot of chance that the bear period is not over..

[taratorly]

What you see with the price of Bitcoin Cash, you will definitely think something extraordinary has happened. Namely the price rose very quickly $ 324. What is the underlying cause? Share your opinion in this event. Thanks for you all.

Bitcoin Cash is an unreliable crypto money. Last night Roger Ver and a few people tried to create the hype for BCH through social media. I think this might have been effective.

[rizkyhiw]

What you see with the price of Bitcoin Cash, you will definitely think something extraordinary has happened. Namely the price rose very quickly $ 324. What is the underlying cause? Share your opinion in this event. Thanks for you all.

This is the result of previous corrections that occur repeatedly to pump more than $ 4000 more, so this is a good result to be able to increase again and when everyone is interested in buying from now on, this is a very natural fluctuation with increase, and this is a big influence of Bitcoin, not only is Bitcoin Cash soaring, but some altcoins also feel this influence.

[AgentZero23]

Im surprised bch got the most gains compared to other alt coins and I regret not having to scoop some bch when it at 150 usd. However, it's not too late to buy bch and if the rally continue bch will have a massive return of investment. I have converted some eth to bch before the massive rally and now I'm glad I did that.

[Adriano2010]

The main reason is the bitcoin price, and if bitcoin will grow is very possible that the BCH to keep grow, but i don't know what will happen if bitcoin price will reach over 30,000 $, maybe BCH will grow but not so much as was in past.

[adzino]

We can see the price of every other alt coins rising, due to the rise of the price of bitcoin. This is a quite common scenario and we have been seeing this happening ever since bitcoin and other crypto currencies existed. Now, if you see at the prices of other altcoins, we can see that they are rising slowly along with bitcoin, but the price rise of bitcoin cash seems to be extremely weird since the sudden rise by 50% seems to be totally abnormal. Chance are there that the price are actually being manipulated. So just be careful and think twice if you wish to jump into the pump train.

[Prompyboo]

the main reason is the rise in Bitcoin prices and nothing else. Bitcoin cash begins to be manipulated by people when the market comes to life

[IVEXO]

I think it is more than a coincidence
Because all tokens are in a good state at the moment with good viable increases

So it’s time to review your portfolio and carry out your plans

Dyor

[ololajulo]

The OP is questioning the exceptional pump of the coin not that he didnt notice other coins' pump. Roger vars understand very well how pump his coin and he is always ready to defend its project. Roger var will be factor i will want to consider to trade bitcoin cash because of his influence and track record in the space.

[Cocoincos]

bitcoin cash is not predictable currency, thius time I felt that need to buy on 120$, everything is growing up, but BCH is in top

[playboy654]

Yes the development is unexpected in this situation so if you are using this possibly you are waiting will be more expensive in the future and also if you had the time I'm to get the profit it will be the right time to invest and make it possible in the future.

[sertans]

We can see everyone is happy now. Bitcoin rises and altcoins are fallowing it. We have waited too long to see this rapid rises. Crypto is the future I hope everything will be better.

[ogini]

I am not only seeing BCH raising up but all other altcoin are also arsing up,this is because bitcoin is appreciating as well.

[Nekoma2018]

What you see with the price of Bitcoin Cash, you will definitely think something extraordinary has happened. Namely the price rose very quickly $ 324. What is the underlying cause? Share your opinion in this event. Thanks for you all.

I sold all of my bitcoincash at $150 for ethereum and this is my greatest mistake right now.. though I didn't loose anything but I've lost the chance to double my money

[blockman]

$324 and back to $294 so quick but it was $160 last time.

Bitcoin pulled up all the altcoins to experience pump and BCH was one of the benefactor.