Bitcoin Cash is pumping, why?

[@sriyan]

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.

Bitcoin is the king of everything. If Bitcoin is pumping, altcoins are pumping as well. Also if bitcoin is dumping, altcoins are dumping as well.

[wheelz1200]

Just another normal day for a useless altcoin.  They get manipulated all the time to catch a quick pump.  I haven't tracked bcash for awhile funny to hear its stick kicking along.  Don't be fooled by it though it will dump just as hard as it pumps.  Nothing moves permanently until bitcoin starts moving.

[southerngentuk]

I heard some news that the listing on the new crypto alternative marketplace EDX Markets, backed by industry giants Citadel Securities, Charles Schwab Corp., and Fidelity Digital Assets, backed BCH. Furthermore, it is suggested that the price increase is due to the current "game-changing" upgrade of Bitcoin Cash. Also, some others say that the reason for the current Bitcoin Cash price pump seems to be due to whales in South Korea.

[GreatArkansas]

Just another normal day for a useless altcoin.  They get manipulated all the time to catch a quick pump.  I haven't tracked bcash for awhile funny to hear its stick kicking along.  Don't be fooled by it though it will dump just as hard as it pumps.  Nothing moves permanently until bitcoin starts moving.

This pump of BCH is different right now, I remember it was the same thing that happened about the Bitcoin Cash fork before, the price is just pumping.
This time, it was started about the EDX market, wall street started cryptocurrency exchanges and Bitcoin Cash is one of the pairs that is added.

It's indeed useless altcoin and I believe it's also manipulated because it's parabolic pump in short period of time.

[riskarcher]

Just another normal day for a useless altcoin.  They get manipulated all the time to catch a quick pump.  I haven't tracked bcash for awhile funny to hear its stick kicking along.  Don't be fooled by it though it will dump just as hard as it pumps.  Nothing moves permanently until bitcoin starts moving.

This pump of BCH is different right now, I remember it was the same thing that happened about the Bitcoin Cash fork before, the price is just pumping.
This time, it was started about the EDX market, wall street started cryptocurrency exchanges and Bitcoin Cash is one of the pairs that is added.

It's indeed useless altcoin and I believe it's also manipulated because it's parabolic pump in short period of time.

it is happen maybe because SEC recommended this coin as commodity, since declaration from SEC, BCH is going pumping hard and i have already take profit almost 100% but for situation market right now and inflation things that will affect market, the best option is quit from the market. BCH will dump soon especially Celcius will sold their coin at this month

[Natalim]

Just another normal day for a useless altcoin.  They get manipulated all the time to catch a quick pump.  I haven't tracked bcash for awhile funny to hear its stick kicking along.  Don't be fooled by it though it will dump just as hard as it pumps.  Nothing moves permanently until bitcoin starts moving.

It was highly suspected as manipulated pump but this have no impact on the market because people already know what will happen next. They're thinking that they could get investors by doing this just like how meme coins got much attention and massive buyers - and they fail their expectations. Yes, this project can't be trusted and how much it pumps these days, the more it drops. And the good thing is that nobody has the guts to participate in their doings, it tells us that they are learning already.

[tvplus006]

...It's indeed useless altcoin and I believe it's also manipulated because it's parabolic pump in short period of time.

Maybe now is a good time to open a short. It looks like BCH has already reached its goal and distribution is taking place now, after which the price must certainly be adjusted. Looking at how much the price of the coin has increased, this could be a very good deal.

[MusaMohamed]

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

News are for market manipulating. In cryptocurrency, with blockchain technology, we have magi free tools to verify facts: blockchain public ledger and block explorer. We can use those free tools to verify facts or lies in news.

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.

A Comparative Analysis of Bitcoin Forks
They forked from Bitcoin, created bigger block size but their blockchain has been dying with time.

Bitcoin Cash hashrate. 3.11 Ehash/s recently.
Bitcoin vs Bitcoin Cash hashrates. It can not compare with Bitcoin hashrate.

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.

It is a pump and dump altcoin.

Their team bought the domain bitcoin [dot] com and use it for their Bitcoin Cash project. They did not buy that domain name without intention, they did it to mislead anyone visit that website and buy Bitcoin Cash, believe Bitcoin Cash is Bitcoin.

[jaberwock]

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.

If you are naive then you will just believe on everything but for a wise person they will always do their own research because they know that not all seen in the news are true. This is important especially if you are a crypto investor. I check both TUSD and BCH only to see if there are special relations to each other but I didn't saw even one article that link them.

The market of cryptos will still remain as is, even if let say there are deals going on between the said two cryptos. Some crypto incidents have a different reason so we should move on and won't stick one possible reason on why it happened. If we do, you are right that we will never finished.