For those who still have BCH and waiting to recover, it may go up to 0.165 before dropping dead. And next time do not invest in a NON DECENTRALIZED coin and NON open source. The owners of BCH have collected all the unclaimed BCH and lost BTC coins after the fork, and they sold a truckload of coins at 0.5 to dumb people who believed this MODIFIED chinese copy of bitcoin will replace bitcoin.
Why you hate on BCash so much? I LOVE THIS COIN! Makes me more Bitcoin because it knows how to PUMP! =D $$$
BTerminator
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@mightytrader, because the chinese tried to make this their own CENTRALIZED coin, they have paid bloggers and news sites to write that this is the real bitcoin so people was panic buying and they dropped a ton of coins at 0.5 on all the people who brought. Yeah you can use it for pump & dumps, but don't believe this will ever replace bitcoin
mightytrader
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@Biterminator, I understand. However, let's consider this:
1) If you had say 50 BTC to take a trade on... he could literally take a trade on this and it's super liquid.
2) They know how to market themselves and cause FOMO causing massive amounts of panic buying and selling.
I missed a lot of opportunities buying coins with good fundamentals but no hype. Even on Ether I thought in the Spring: Why did they hard-fork it? And I sold mine once it reached $100.
I do believe in investing, too, and hold some coins long-term... However, when I look at all the BTC:alt charts... BTC eats them all eventually.
So, I'm staying in BTC. That's how it works. Trading in USD is worthless, also (markets are way volatile anyway to trade in USD... for me anyway).
However, good to temporarily sell some BTC to buy back cheaper... like last night. But you have to be on your toes or have a SL set to buy back in.
@tjontrading, forget about the high fees! Bitman the chinese mining pool did not let bitcoin to upgrade in order to have lower fees, but instead they have copied bitcoin and modified at their own will including removal of DECENTRALIZATION and now they call this crap the real BTC lol
atkelley22
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There are plenty of dumb people that are going to continue to buy this ridiculous BTC run as well. A major correction is imminent once everyone and their grandma buys some. It may take a few weeks or months (spring time?), but it's got to correct to stay healthy. Extremely overbought..
BTerminator
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@atkelley22,It was a pump and dump by the owners of BCH, now they are waiting for dumb people to pump it, because they have more to sell. They can't pump it now because otherwise a lot of people will sell in order to recover their loses.
ejazadil1
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@Biterminator, Great Analyses ,Agreed With you as i have some amount which i bought @price of o.5
atkelley22
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Whether it's going to replace BTC isn't a question anymore. But BCH isn't going to drop dead. It's here to stay this time. Remember, this coin is still associated with the almighty one (BTC). It's not going anywhere.