Seriously it is getting scary. It touched $1300 and now trading at $1200 +.
It looks like miners are shifting towards BCH for now, currently its 1/5th of the BTC.
Are Chinese trying to promote BCH through Bithumb as it is more profitable to mine BCH? Sr. members your views are solicited.
You need to look at the bigger picture. The USD value is tricking the majority of new people like yourself. If you like at an all time chart of bitcoin cashh (BCH/BTC) you would notice that we didn't even hit the ATH yet. Sure it is worth $1300 and sure it looks scary but that's only due to bitcoin being $6300+ right now. This was also predicted by a couple of people in september so I wasn't too surprised seeing this 'big' pump (and dump that will hit at some point). For now I will stay put and enjoy being a bitcoin holder. Perhaps I will even pick up some cheap bitcoin along the way, who knows.