Post
Topic
Board Bitcoin Discussion
Re: BTC price decreases and BCH increases sharply, why?
by
tomahawk9
on 20/12/2017, 14:39:34 UTC
I wonder when the whole market dyed red but BCH increased sharply and the price of BTC fell sharply. Shark want everyone sell the BTC to buy BCH, then the shark will harvest the BCH and increase the BTC again.
Should I sell BTC now??
Do not sell your BTC, hold your coins.

What we're seeing right now is the part 2 of the Pump and Dump tactic that we saw back in November (P&D, tx spam, social media FUD), only difference is that the attack today is on larger scale. This time a bigger Bcash supporter, Coinbase, has actually made its move and is causing some major movements in the market. Since b2x on Coinbase didn't go though, Brian Armstrong and his friends have decided to go all-in on bcash.

Expect a bcash pump in the next few hours, followed by a massive dump later today when GDAX begins bcash trading.