Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forks => Bitcoin Forum => Bitcoin Cash Forum => Topic started by: coinhunter on October 19, 2017, 12:09:40 AM
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I think the main reason why the value of BCH is this high, is simply because the holders of Bitcoin are the ones that got Bitcoin cash. And they already know the name of the game ... just hold!
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Behind this all are whales. They made it so that this coin began to rise in price sharply. But this growth is very deceptive
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This coin is sold and bought only by its creators. They artificially made such a large volume of bidding
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First, because bitcoin is a crypto currency that was born and has a very large community. Because it is the first coin that appears, then this coin becomes a coin that has good trust. That's why the value of bitcoin is always high compared to others.
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Initially, once the fork first occurred Bitcoin cash was trading at a constant $250. As soon as the fork commenced and also the network split gracefully, exchanges started adding Bitcoin cash trading pairs. like any cryptocurrency, the more exchanges add it the upper the value rises.
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There are several reasons why BCH coins have a high value. One of them is because BCH has good trust because this coin is a hard fork from BTC. Other than that, this coin has advantages as in its technology. And even more special, this coin does not require paying administration and registration.