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Bitcoin Cash (BCH) Price More Than Doubled During The Recent Pumps

Bitcoin Cash (BCH) has been one of the biggest beneficiaries of the recent pumps as BCH/USD has more than doubled in the past seven days. Why would a cryptocurrency like Bitcoin Cash (BCH) pump that much when nothing has changed? There are reports that claim that Bitcoin Cash (BCH) halvening could lead to major security issues in the network. Bitmain, one of the largest mining companies is having a serious problem getting rid of its Bitcoin Cash (BCH) holdings. So why then is the price pumping so hard? Well, to put it plainly, precisely for the reasons that we just mentioned. When people make a bad investment, they don’t cash out when the market is down. They cash out when the market is recovering or made to seem that it is recovering. If they can give it a lit bit of help, then that’s even better.

Recent developments regarding Bitmain’s IPO brought a lot of their dealings to attention and it is unbelievable to see how a company of such might and magnitude would make such massive…

Read Full Story : Crypto Daily™

2019-04-08 23:00:00

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Written by Cryptodaily

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