Post
Topic
Board Altcoin Discussion
Re: Will bitcoin cash keep loosing value or will go up again ?
by
TheUltraElite
on 16/10/2017, 09:54:37 UTC
I bought it at 530 so im loosing money at.the moment my questoon is will it go up to  this value again or higher ?

It may be tough for you to digest this fact but Bitcoin cash may not rise ever again.

This is because people have all forked their own bitcoins into bitcoin cash and have claimed that. Obviously after getting a new airdropped altcoin like this what do you expect them to do with it? Sell it on exchanges. People were of the mindset that bitcoin cash is simply free lunch for them and sold away all they had just to make as much profit from it as they could, which is why the price has been falling.

Im not saying that in future bitcoin cash price will not increase. It will happen but not anytime soon. So my advice is to not panic about it but hold it and set sell price above buying price and then leave it.