Post
Topic
Board Bitcoin Discussion
Re: BTC price decreases and BCH increases sharply, why?
by
Kemarit
on 20/12/2017, 17:02:02 UTC
I heard that some core Bitcoin team got out of Bitcoin, is it reason why BTC dump?
while there good news about BCH, and many people think that BCH is slowly replace BTC?

I don't know if there's some kind of truth about some Bitcoin core team leaving. But there are a lot of FUD going around the social media right now. My advise. Don't believed everything you read. They are creating a lot of fake news to swayed to shift to Bitcoin Cash. It's really hard to filter out what's right with all the news coming out in the last couple of days.

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??

You out of your mind? Why are you selling if the price is going down? You sell when the price is going up not the other way around. Bitcoin peak at $19,000 did you sell or what? Now you are asking if this is the better time to dump your coins? Better just hold on it and let the dust settles and don't panic. How many times do we have to remind people here?

Coinbase opened it's doors to BCash and a bunch of BTC are being exchanged for BCash. This will result in a higher price for

BCash and a lower price for Bitcoin. I just hope people will realize soon that BCash has no chance against a full enabled BTC.

No Crypto currency will be scalable to the level of Bitcoin, once the Lightning Network is enabled.  Wink

Of course, they can overtook Bitcoin, and if this is another attempt from them, they won't be successful. But I admire them for pumping the price to above 70%. But we all know what's coming. A pump like this can't be sustainable. Sooner or later we are all going to see a crash and they will go back to the drawing boards again to plan another attack. Let's see how Lightning Network will help us reduce all this problems that we are facing. Its about time that they should enable it.