Bitcoin Cash is pumping, why?

[bbc.reporter]

I only begun to notice when people in social media were saying to stop shorting it to avoid causing a short squeeze which will only cause it to pump higher.

I am not quite certain why it is pumping, however, there are rumors that TUSD is being printed to pump Bitcoin Cash. I will collect more information and share them in this thread. If anyone has news, rumors and speculations on why this is happening, please share them.

[Tytanowy Janusz]

Its not the first time when dead shitcoins pumps x3 just to dump right after. Why is it happening?

dead volume/low liquidity shitcoin + market manipulation + human greed + short squeez

TUSD has actually pumped in the marketcap recently, but in my opinion it is more of a fact that capital is moving from BUSD through the SEC attack than as a BCH pumping machine.

I only begun to notice when people in social media were saying to stop shorting it to avoid causing a short squeeze which will only cause it to pump higher.

So don't talk about this. The only thing we do right now is giving pump and dump scammers more attention.

[killerfrost]

I have read some information about the cause of BCH increase recently, such as the announcement of EDX listing four cryptocurrencies as Bitcoin, Ethereum, Litecoin and BCH. So BCH has benefited a lot from that, whale wallets have not stopped buying Bitcoin Cash recently. This has stimulated many retail investors to pay attention and fomo into BCH.
And I also just saw some information regarding trading activities on Korean exchanges. https://twitter.com/WuBlockchain/status/1674614453231562755

[FatFork]

Yes. From what I've seen on various news sources, EDX Markets has recently gone live and is now providing Bitcoin Cash as one of the cryptocurrencies available on their platform. EDX is supported by major players like Charles Schwab, Fidelity, and Citadel. They have opted to start with a relatively small range of digital assets to offer their users. Just four cryptocurrencies: Bitcoin, Ether, Bitcoin Cash, and Litecoin.

https://www.cnbc.com/2023/06/20/crypto-exchange-backed-by-schwab-and-fidelity-goes-live.html


Btw, It looks like Litecoin has started pumping as well.

[Doan9269]

I only begun to notice when people in social media were saying to stop shorting it to avoid causing a short squeeze which will only cause it to pump higher.

I am not quite certain why it is pumping, however, there are rumors that TUSD is being printed to pump Bitcoin Cash. I will collect more information and share them in this thread. If anyone has news, rumors and speculations on why this is happening, please share them.

With cryptocurrency news, it's either we choose the side of believing whatever the news or people around the world say or we work strictly on our own personal research and findings, on a normal day, if there's no any correlation between bitcoin cash and the TUSD the market will remain volatile and still pump and dump, should we now rely on relating one event to the other linking them as possible reasons behind every occurrences in cryptocurrency, we may never finished this.

[doomloop]

I only begun to notice when people in social media were saying to stop shorting it to avoid causing a short squeeze which will only cause it to pump higher.

I am not quite certain why it is pumping, however, there are rumors that TUSD is being printed to pump Bitcoin Cash. I will collect more information and share them in this thread. If anyone has news, rumors and speculations on why this is happening, please share them.

I'm not sure about BCH but I saw LTC pumping pretty hard just a moment ago, I've been away from the market and charts for a couple of days and just saw that LTC is up about 11% and I was surprised because Bitcoin or the market didn't really move that much, I don't follow development and news about LTC so I'm not really sure what is the reason behind this sudden pump, if anyone has any idea, let me know as well.

Generally, altcoins are way more sensitive than Bitcoin when it comes to market movements, when Bitcoins move 1%, altcoins tend to move about 5% to 7% whether it's on the positive side or the negative side, and sometimes, some altcoins move way faster than they usually do, that's why they are more risky as well.

[blockman]

I have read some information about the cause of BCH increase recently, such as the announcement of EDX listing four cryptocurrencies as Bitcoin, Ethereum, Litecoin and BCH. So BCH has benefited a lot from that, whale wallets have not stopped buying Bitcoin Cash recently. This has stimulated many retail investors to pay attention and fomo into BCH.

So that's one main reason why BCH has got a pump. I guess this has made a lot of holders of it get some hope. The ATH is totally far from the current that it has got. And with this EDX listing then there is a possibility that it will pump the volume that shall give the price on it to increase.

And I also just saw some information regarding trading activities on Korean exchanges. https://twitter.com/WuBlockchain/status/1674614453231562755

That's likely a combination of these sets of news that rotates for its pump but whenever bitcoin gets a drop, it's gonna get a bigger drop.

[electronicash]

seem a happy ending for Roger Ver. EDX supported his forked coin and yes he still made it. so it wouldn't also be surprising to see blackrock will also be forking BTC. it's going to be hard for them to accept coinbase will be holding them by the neck when the spot ETF will be approved. Litecoin had soared high as well. i think it will beat its last ATH back in 2017. these institutions are going to pump all coins.

[raidarksword]

Maybe it's an indications that altseason is coming as well? I said this because my altcoins portfolio is increasing as well especially on XLM token that I hold. For BCH, it might have a good reason to make the pump and it's a good thing for holders to see BCH is going alive again despite the bear market right now. I don't mind pumps as long as major altcoins will follow as well.

[SyndicateLabs]

I only begun to notice when people in social media were saying to stop shorting it to avoid causing a short squeeze which will only cause it to pump higher.

I am not quite certain why it is pumping, however, there are rumors that TUSD is being printed to pump Bitcoin Cash. I will collect more information and share them in this thread. If anyone has news, rumors and speculations on why this is happening, please share them.

I'm not sure the rumor you mentioned clearly the influence of the EDX news brought a wave and the fomo helped its price increase significantly in a short time, but honestly I didn't notice it. It's been a long time, so I didn't pay too much attention to this bull event and I don't intend to invest in it. Aside from it getting a big pump, I've also seen some very old altcoins that are similarly getting pumped, possibly a pump reversal from some whale division.

[Doan9269]

Maybe it's an indications that altseason is coming as well? I said this because my altcoins portfolio is increasing as well especially on XLM token that I hold. For BCH, it might have a good reason to make the pump and it's a good thing for holders to see BCH is going alive again despite the bear market right now. I don't mind pumps as long as major altcoins will follow as well.

If we are to experience bull season, there are some signs we need to take a look on before we can expect such to come, though this is quite believed to be a preemble to their season but what will preceed is the halving which is coming next year, then we would have sensed it as well from bitcoin because the riae will begin from the bitcoin network, so many altcoins will rise along together with it during bullrun.

[hugeblack]

There is no link between the two news, and if you find a link, it is the diligence of the journalist, as they are two hot news now and they are being circulated, so I linked them to each other so that there would be a third hot news, but in fact, Bitcoin Cash is in its last days, there is no development, there are no future plans, there are no solutions to their problems and more Many investors avoid investing in it because it is a failed investment.

We cannot treat Bitcoin Cash as more than a pump-and-dump currency that some try to use and pump its price in the hope that some investments will come that will enable them to fill their pockets for the last time.

[mu_enrico]

From what I read for a few days on Twitter discourse, it seems that it was fueled up by SEC comment regarding all tokens except Bitcoin being a security (I forgot the exact phrase), thus people think or got shilled that Bitcoin is not just BTC, but BCH and BSV as well (including forks). These two coins are currently pumping because probably it's cheaper than BTC to gamble on.

[jasonjm]

I only begun to notice when people in social media were saying to stop shorting it to avoid causing a short squeeze which will only cause it to pump higher.

I am not quite certain why it is pumping, however, there are rumors that TUSD is being printed to pump Bitcoin Cash. I will collect more information and share them in this thread. If anyone has news, rumors and speculations on why this is happening, please share them.

Yes! There is news regarding the injection of billions worth of TUSD into Bitcoin and BCH. It is speculated that whales may be looking for exit liquidity to exit the market.

[rhomelmabini]

Because it's the only coin that will be traded on the EDX market that is cheap other than Litecoin so it created a FOMO in the market. I think it wasn't the TUSD printer that fueling up BCH but I think there's something more on that story about that TUSD being minted and it's still a developing story.

[disconnectme]

It is difficult to tell but two things I find out is that it is going to be listed on one of this tradifi exchange which is a good thing for BCH with all it has suffered recently. Second is that people are buying it because it is not one of the coins not listed as security by SEC and since people always want something new to invest into apart from BTC, BCH and LTC are two good alternatives to BTC to buy, there is also rumor that smart contract is coming to BCH blockchain which is going to be a big feat for the team.

[goaldigger]

Because it's the only coin that will be traded on the EDX market that is cheap other than Litecoin so it created a FOMO in the market. I think it wasn't the TUSD printer that fueling up BCH but I think there's something more on that story about that TUSD being minted and it's still a developing story.

TUSD update might not be related to BCH pump and I don’t see any big pump after all so I assume that this is just a normal trend for a coin to pump. Don’t see any updates as well with BCH probably this is just a market sentiment and will fade later on. The market is still doing great and with BCH, I still see a good future for this one despite of some Fud before with BCH, if you are planning to buy better to analyze more and consider the price trend as well.

[Slow death]

seem a happy ending for Roger Ver. EDX supported his forked coin and yes he still made it.

It's sick how he keeps spreading misinformation on his social media, it looks like he's believing his lie that his shitcoin is the real bitcoin, he's very dedicated to that, even seeing that people aren't retarded to believe the things he's speaking except for the fanatics who have been following you for years, and what's ironic about all this is that the guys who follow you when they write about their shitcoin, they write " BCH or BSV " and even the crazy guy who was once called bitcoin jesus writes " bitcoincash " when he wants to talk about his shitcoin, so he unconsciously knows that they are different things

As for the price, I wouldn't be surprised if in a few months it drops again and stays where it was, the pump and dump problem is precisely this, the currency even if it goes up a lot, it always ends up falling a lot again and goes back to its price past because there is simply no way that high value can be supported, those fanatics who follow you and who are buying, but then they themselves sell when they realize that the price has stagnated, it does not rise anymore. I even wonder when he will come to his senses and give up lying about his shitcoin being the real bitcoin

Litecoin had soared high as well. i think it will beat its last ATH back in 2017. these institutions are going to pump all coins.

I find it very difficult for that to happen, and even if it did, it would be for a short time that the price of LTC would remain very high, despite being an old altcoin and with very low transaction fees, ltc is a copy of bitcoin, nothing more, so people will look for original projects or meme coins when they want quick profits

[o48o]

I only begun to notice when people in social media were saying to stop shorting it to avoid causing a short squeeze which will only cause it to pump higher.

I am not quite certain why it is pumping, however, there are rumors that TUSD is being printed to pump Bitcoin Cash. I will collect more information and share them in this thread. If anyone has news, rumors and speculations on why this is happening, please share them.

Most likely because it wasn't declared as security. People are turning to any altcoin that resembles bitcoin distribution model as they think bitcoin is going to be safe from regulators. And they might be right but i feel like in Bitcoin Cash case it's only speculation and fomo. There's not enough underlying good fundamentals for it to make sense. Then again most altcoins don't make sense and any altcoin will do for speculators.

[ahoenk]

Probably it is because so many coin will be sued by sec because it is considered as securities and bitcoin cash is a forking from bitcoin which make it a commodity not securities. Or maybe the community of bitcoin cash only want to pump it ? Or maybe because bitcoin is disturbted by ordinal so people more likely will use bitcoin cash for daily use ?