Bitcoin Cash is not performing as promised. Their hash rate is no where near what they promised. It's not even close. They promised a "flippining" and it didn't happen. On the night of 11/11/17 we experienced a well orchestrated 'Pump and Dump' which many believe was spearheaded by Bitmain and Roger Ver and a few people made a lot of money that night. From what I've read targeted crypto currency manipulations rarely happen just one time. If you consider the amount of BCH that was airdropped on August 1st basically out of the ether (pun intended) it would make sense that the manipulators will create another coordinated rally to sell the remainder of their supply of BCH at a big profit before the new currency goes the way of "Classic" or " Unlimited". I posted this before but I'm still convinced that these big players are still in the game to make a profit on BCH before it is completely discredited and is pervasively recognized as an aborted fork to BTC.
Comment:
I have to admit I'm getting a little impatient on this one. The trend line is holding however. My entry price for BCH was .221 BTC and as I'm writing this BCH is down to .165 BTC. The pump on 11/11/17 (a Saturday) started at 1:45pm (PDT) and didn't dump until 10:42pm that night (think 3:42pm Sunday in Seoul). Could the participants of the move coordinated it to be while people slept in the US? Perhaps they'll use the same tactics this weekend. It's a theory.