Some investors feel BCH is not good anymore because they got force liquidated at $100 and caused hundreds of thousands of BCH to be sold at that price. They effectively subsidized the price and then say it didnt go up like ETH and BTC. Talk about cause and effect….

Ive heard recently criticism for BCH, that people took out massive margin loans and got margin called, meaning their BCH got force sold causing the price to crash to $100.

They then go on to say that BCH is a bad project because it didnt go up like Bitcoin-Core and Ethereum.

Hello!!! your margin call is what caused the price to crash….they literally sold their $1500 crypto coin for $100 , subsidizing coins by $1400 (94% realized loss/subsidization). They are the reason its so low. Then they judge the project by their actions.

They could do the same for any asset, buy a huge amount and then market sell it at huge losses. Their choices affected everyone and will take time for the markets to recover from their actions.

A recent example, a massive hedge fund single handedly cause Netflix shares to crash, selling off their 1 Billion dollar stake for a 400 Million dollar loss. The market eventually recovered to well above the crash price, but it took some time. Source: https://www.theguardian.com/media/2022/apr/21/us-hedge-fund-billionaire-bill-ackman-sells-netflix-stake-at-huge-loss

TLDR: The point is that these whales screw the price , then blame the project for being bad even though they are the cause of the price crash, and then after some time the projects prices recover.

8 thoughts on “Some investors feel BCH is not good anymore because they got force liquidated at $100 and caused hundreds of thousands of BCH to be sold at that price. They effectively subsidized the price and then say it didnt go up like ETH and BTC. Talk about cause and effect….”

  1. if you understand the fundamentals, thank them and take advantage of this opportunity.

  2. The price now doesn’t have anything to do with the long term success of BCH (or any crypto). It can only be easily manipulated because it is still so small. It’s price movments are also extremely opaque. I don’t know how much market manipulation / short selling shenanigans are to blame, or if it’s a coordinated astroturf campaign, or if people in general just gravitate to what other people are doing. Point is the story you tell yourself doesn’t matter, because whatever the truth it boils down to this: The only people buying and selling crypto are speculators and gamblers, because there are almost no attractive real world use cases for it yet. When people buy it because they want to use it, not because price go up, then a crypto will be a true success.

    Give people a reason to acquire and use any asset and price will go up along with demand. The network has to be sound and scalable, which is easier said than done, but right now crypto feels a little like a solution looking for a problem, but I’m also confident we’ll find it.
    Current bet is a universal digital authentication system that lets people log into anything anywhere from any device they own without ever entering your personal information. Imagine never logging into a website or an app ever again. Crypto makes that possible, now it’s up to builders to make it seamless. Get a couple big tech partners on board and it’s game over.

  3. Price is what you pay
    Value is what you get

    In this world we judge people to their money in the bank account
    Some people with bad behavior are bad and dumb but rich but people will prefer them to a honest waiter of Mac Donald

    People mock and judge BCH just cause price is low not matter how great it is

    Time will put off arrogance of theirs faces

    BCH is great
    Period

  4. Why do you make that point at $100? Why not $200? $500? Or $50?
    Anyway it’s just casino capitalism. Nobody honestly holding his coins in his wallet was forced to sell at $100.

  5. > Some investors feel BCH is not good anymore because they got force liquidated at $100

    If they can be force liquidated, they are not investors.

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