Bitcoin Cash - BULL NOW

Discussion in 'Bitcoin Cash (BCH)' started by Bitcrypto, Apr 24, 2018.

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  1. Bitcrypto

    Bitcrypto Contributor

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    Bitcoin Cash is a cryptocurrency that forms a decentralized payment system. In mid-2017, Bitcoin Cash split the main Bitcoin blockchain creating a diversion in blockchains.

    Recently, cryptocurrency payment service provider BitPay has announced that it will allow brick-and-mortar businesses to use Bitcoin Cash for payments.

    Bitcoin Cash has surged almost 80% in the last 7 days. The main reason is Bitpay.

    How do you think Bitcoin Cash?
    Do you think it will continue to raise in the near future?
     
  2. The CC Forums

    Staff Member

    I took note of the run yesterday. The last time BCH hit this level relative to BTC pricing, it wasn’t sustained with a subsequent market drop. Perhaps that was manipulation then.

    BCH is helped by ability to purchase on Coinbase/GDAX. I haven’t kept up with the technology wars on Reddit. I hold both in my portfolio, but each side has strong feelings about the other, and they troll the other community regularly in social media.

    Personally I want to see both going strong.
     
    Bitcrypto likes this.
  3. Old Man Crypto

    Old Man Crypto Expert chainblocker

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    Any news on why the big run? The upcoming fork isn’t expected to create a useful or valued new separate forked coin from what I can tell. Are investors expecting another bitcoin cash worth something? I don’t see a forked coin with any chain support. There will just be one coin with any value. BitcoinCashGoldDiamond anyone?:confused:
     
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  4. Bitcrypto

    Bitcrypto Contributor

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    If both can go strong, that would be amazing.
     
  5. Bitcrypto

    Bitcrypto Contributor

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    I like what you said.
    I think more people want to see a valued new forked to be created. They are waiting for something to happen May 15. It's a hope.

    Now Bitcoin Cash can be used in some shops, it means that it will be more valuable in the future.
     
  6. Old Man Crypto

    Old Man Crypto Expert chainblocker

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    Settled back a little since my post I see. Definitely will be interested to see the price relationships between bitcoin and bitcoin cash as they both advance. Hate to say it but it seems like the big loser in the bitcoin battle is going to be litecoin. No one is talking about it anymore, it’s like bitcoin cash might be the new litecoin but with higher market cap.
     
  7. Bitcrypto

    Bitcrypto Contributor

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    At this point, Bitcoin Cash may be forming a bottom, which can take anywhere from a few days to a few weeks. Prices in the $1,000 -$1,200 range should not be a surprise.

    The price is likely to remain volatile as the bears and the bulls battle it out to establish their reign. The latest news about the investigation of South Korean exchange Upbit by the country’s Financial Supervisory Commission (FSC) triggered the decline of Bitcoin Cash.
     
  8. Old Man Crypto

    Old Man Crypto Expert chainblocker

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    Price is under $1000 again today. I smell buying opportunity myself although I don’t trade short-term. Will Wall Street like BCH as much as btc when they finally move into crypto? I don’t think an average investor will care about block size or exact transaction speeds for payments. There are too many fast and cheap cryptos. BCH doesn’t stand out compared to XRP, litecoin, or many others.
     
  9. Bitcrypto

    Bitcrypto Contributor

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    Bitcoin Cash is on an upward trend, although it is fighting off the bear pressure that's starting to show. If the bullish trend continues, this will likely result in a new breakout around $1,200.

    Bitcoin Cash (BCH.X) price prediction
     
  10. Old Man Crypto

    Old Man Crypto Expert chainblocker

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    And back down under $1,000. The markets have no outside interest right now. No one is talking about crypto except those involved before mid-2017. Newcomers got burned and left. Newer newcomers don’t seem to be arriving.

    Grumpy old man says “WTH?” Where is the new money?
     
  11. BitFit

    BitFit Contributor

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    Under $900 today.

    Screaming buy or just meh?

    I think I’m buying today or tomorrow at these prices if I can get money transferred quick enough. Mostly just due to market drop rather than because of any long term belief in the project. So I guess more of a contrarian trading position rather than an investment.

    Any comments?
     
  12. CryptoTC

    CryptoTC Crypto Fat Cat
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    Lol title of thread. Nothing is BULL NOW. Maybe later though.
     
  13. Emma Lee

    Emma Lee Contributor

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    I think Bitcoin Cash needs to find a floor and then will stabilize , In the meantime, this will result in an increase in price for bitcoin.
     
  14. Emma Lee

    Emma Lee Contributor

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    A lot of people have been unloading their Bitcoin cash recently.
     
  15. Old Man Crypto

    Old Man Crypto Expert chainblocker

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    Apparently still doing so. I’m a buyer again at recent levels. Got a small amount under $700, anybody else?
     
  16. The CC Forums

    Staff Member

    For every buyer, there is a seller. Every executed trade has an equal order on the other side of the book. For everyone ready to unload a coin, there is someone else who wants to buy. A lot of investors forget this. Of course, there can be buying or selling pressure with pending order imbalances that drives prices in a certain direction.
     
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  17. Old Man Crypto

    Old Man Crypto Expert chainblocker

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    But the order book often has imbalances on one side that drives price in the opposite direction. Fake orders are created for pushing the markets in certain directions also.
     

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