Separate names with a comma.
Discussion in 'Crypto Forum' started by StockJock-e, Feb 3, 2021.
BCH is a fork of Bitcoin that has faster and cheaper transactions.
Ive been adding on weakness here, BCH is like the redheaded stepchild of Bitcoin.
There is much hatred towards it because the OG Bitcoiners feel they "stole" the branding.
I dont really care about feelings, I care about price action. BCH has been severely under performing as a crypto while doing what its supposed to do pretty well, and that is transfer coin from one place to another fast and cheap. Transaction fees are around a 0.002 cents compared to BTC which is $11-$16 at the moment and climbing.
The two things missing for BCH is more widespread adoption and they need to fix their branding away from fighting about who is the real bitcoin and just embrace what they are.
Back above $500
Kim Dotcom has been talking about it on his twitter, its probably fueling some interest
This is the kind of activity that is getting BCH the move its making
Testing $550 resistance again
This has been a good retest of the $400 area, bch looks ready to start eating up some of that supply above $600 now.
Heres the Kim Dotcom pump
He made a website pitching his case
Cracked over $700 yesterday!
Bit of a sell off to $600 yesterday, looked like algos got hit across all major coins.
Back up to new highs, $750 now.
Here are some buy ops imo
Down -20% on this sell off. Buying the fear.
Here we go, some bounce action back above $500
here we go, back up to the mid 500's.
It sells off harder than BTC, but climbs back faster too.
Good to know; WeBull carries BCH now.
Paypal also started with BTC, BCH, ETH and some others.
Im not too impressed with the performance here lately.
BCH dropped with BTC, everything sold off together.
BTC has since climbed back up to reclaim the highs.
BCH is lagging. Its possible that money is chasing performance and once BTC starts to stall out, the smaller cryptos get more attention.
$600 BCH on tap with BTC making its move to new highs
SmartBCH raised 1000BCH for their development of defi applications
Current trading pattern is basically mirroring BTC, so the only driver in the short term is if BTC cracks to new highs.
Continued weakness in the alt coins as BTC sells off.
BCH back down below $500, but there is a lot happening in the development space for BCH over the next quarter.
I do consider anything below $500 a pretty solid buy.
This is pretty good news. BCH is the small guy in this group and the fact that its included should be good news for BCH metrics:
Exclusive: PayPal launches crypto checkout service
By Anna Irrera
3 Min Read
LONDON (Reuters) - PayPal Holdings Inc will announce later on Tuesday that it has started allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost use of digital assets in everyday commerce.