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    Author Topic: Anyone shorting BCash?  (Read 189 times)

    • cellard (OP)
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    July 30, 2018, 05:25:34 PM
     #1
    BCash aka Bitcoin Cash aka BCH, whatever you want to call it, the famous Roger Ver + Craig Wright fork, it's a really struggling to keep above the 0.01 psychological barrier. I believe when that is crossed we may see a big dump with a long red candle, which could lead to massive gains if properly shorted.

    The problem: Ver and co have enough resources to keep creating dead cat bounces to try to keep it alive. At some point they will run out of said resources and then that will be the short that makes these that take the risks massive gains.

    The question: How many resources does him and his group really have to keep pumping it? that is the key point here.

  • o_e_l_e_o
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    July 31, 2018, 07:00:39 PM
     #2
    They can keep it pumping for a while, but not indefinitely. More and more people are finally recognizing BCH for the trash coin it is and are dumping their bags. There is only so long Ver can keep it afloat as the stream of newbies for him to trick in to buying it slowly dries up.

    Shorting it is a good call I think. Even if it holds at 0.1 for the immediate future, the chance of it breaking much higher is slim at best.

  • redwine49
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    July 31, 2018, 07:32:27 PM
     #3
    in the past 3 month i see a down trend for bitcoin cash. bitcoin cash continue to weaken it is value against bitcoin.
    and the bitcoin dominance is rising right now. this is the highest dominance in this year.
    also there is lightning network are waiting in the near future. that tech will help instant payment for bitcoin.
    bitcoin cash is not even a major pair for any altcoin in the exchange and then why do we need Bitcoin cash?
    but to short BCH i do not think 0.1 BTC is a key level. i think it will be much lower than 0,05 BTC

  • mummybtc
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    July 31, 2018, 07:46:08 PM
     #4
    I am not into BCash, a year after its creation it has failed to hit new height, apart from taken the spotlight for wrong reasons, if not that those behind it has fund to defent the price by now the price would have dropped significantly. It would be hard for any forks to take over from the original chain

  • Oilacris
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    July 31, 2018, 08:56:35 PM
     #5
    Quote from: cellard on July 30, 2018, 05:25:34 PM
    BCash aka Bitcoin Cash aka BCH, whatever you want to call it, the famous Roger Ver + Craig Wright fork, it's a really struggling to keep above the 0.01 psychological barrier. I believe when that is crossed we may see a big dump with a long red candle, which could lead to massive gains if properly shorted.

    The problem: Ver and co have enough resources to keep creating dead cat bounces to try to keep it alive. At some point they will run out of said resources and then that will be the short that makes these that take the risks massive gains.

    The question: How many resources does him and his group really have to keep pumping it? that is the key point here.
    No one knows on how big is their resources but we can make some speculation that they do already make some bucks on the shitcoin that they do create. Those typical dead cat bounces are just luring in new people same as other views above and they would gradually make repetition on such movements until dumping it out. I had already dumped my BCASH since in the beginning because I don't feel up on support or engaging myself into this shitcoin.  Grin

  • jossiel
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    July 31, 2018, 09:24:55 PM
     #6
    No idea on how much they have left but what they are doing now is giving wrong info to the new comers and that probably is their only way to increase.

    Quote from: Oilacris on July 31, 2018, 08:56:35 PM
    No one knows on how big is their resources but we can make some speculation that they do already make some bucks on the shitcoin that they do create. Those typical dead cat bounces are just luring in new people same as other views above and they would gradually make repetition on such movements until dumping it out. I had already dumped my BCASH since in the beginning because I don't feel up on support or engaging myself into this shitcoin.  Grin
    For sure that they have made a lot of bucks during the all time high that's the only thing that we're sure of.

    I don't support BCH too so I dumped it at the earliest time after the fork.
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  • o_e_l_e_o
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    August 01, 2018, 05:06:40 AM
     #7
    Quote from: jossiel on July 31, 2018, 09:24:55 PM
    No idea on how much they have left but what they are doing now is giving wrong info to the new comers and that probably is their only way to increase.

    They've done that since day one. Calling themselves "the real Bitcoin", trying to rebrand Bitcoin as "core", etc. The entire site Bitcoin.com is just an attempt to trick newbies in to buying BitcoinTrash thinking it is Bitcoin.

    Their tactics are growing old and the community is getting bored of them. A dump is coming for them.

  • allahabadi
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    August 01, 2018, 05:28:42 AM
     #8
    I came across this article today, not surprising it is coindesk.

    https://www.coindesk.com/one-year-later-a-wave-of-apps-is-emerging-on-bitcoin-cash/

    WRT to hype and pumps; anything is possible simply because of the gullibility of the average investor in crypto who cannot even sign a message or even tries to understand the fundamentals. I know whale traders who dunno what SHA256 is or what vulnerabilities CEXes have over DEXes.

  • SinisterS
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    August 01, 2018, 05:40:09 AM
     #9
    I'm still somewhat of a noob in all of this, so it goes a little over my head. What makes something be valuable in the future or not. But isn't it a good idea to have some Bitcoin cash, as well as Lite Coin and Eth. These coins are on Coinbase, and if we ever have another massive media blitz, these are the coins that the mainstream will put their cash in.

  • starblocks
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    August 01, 2018, 06:50:54 AM
     #10
    Quote from: SinisterS on August 01, 2018, 05:40:09 AM
    I'm still somewhat of a noob in all of this, so it goes a little over my head. What makes something be valuable in the future or not. But isn't it a good idea to have some Bitcoin cash, as well as Lite Coin and Eth. These coins are on Coinbase, and if we ever have another massive media blitz, these are the coins that the mainstream will put their cash in.

    You can't really compare these to each other as they're entirely different types of assets

    Bitcoin cash doesn't really have that much going for it currently but if the development team bring some true innovations to it in future then it'll become a worthwhile investment

    Litecoin and Ethereum and have far more to offer at this stage with the latter being a little more promising perhaps
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  • alex-nn
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    August 05, 2018, 09:28:33 PM
     #11
    It's danger for me to short BCash because R.Ver can pump it any time and make my margin call liquidation. It's more safer to wait all market reversal and buy Bcash for long after reversal but DYOR.
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  • ILScoin
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    August 05, 2018, 09:49:12 PM
     #12
    Nop need at shorting bitcoincash at this point because as we all know it's purely pump and dump from Rojer V,  it's kinda low now and there might be an unexpected pump,  this time it might go higher who knows, Just hold then after pump you dump it

  • Gaaara
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    August 05, 2018, 10:19:59 PM
     #13
    The immediate response will most likely the reason why it is still pumping, I don't even see any reason for it to pump but it still goes up anyways. Another thing that causes pump is to traders that wanted to gain profit with just converting it when its high then convert back when its low in this way you can have an easy profit just by letting yourself go to the wave of the market.
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  • BattleZeo
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    August 06, 2018, 10:24:08 AM
     #14
    Quote from: o_e_l_e_o on July 31, 2018, 07:00:39 PM
    They can keep it pumping for a while, but not indefinitely. More and more people are finally recognizing BCH for the trash coin it is and are dumping their bags. There is only so long Ver can keep it afloat as the stream of newbies for him to trick in to buying it slowly dries up.

    Shorting it is a good call I think. Even if it holds at 0.1 for the immediate future, the chance of it breaking much higher is slim at best.
    more and more people do realize BTH is crap, but still many people are asking and seem interested. BTH is clone and uses name to scam.

  • ineedpivo
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    August 06, 2018, 11:45:02 AM
     #15
    I think this is not a bad idea, but it seems that now it is dangerous to do. Just to do this you need to own a lot of information and otherwise you can lose your money...
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