Yesterday sure was a crazy one!

I'm probably not the only one who got barely any sleep the night before, anxiously awaiting some BitcoinCash and the crazy market volatility

But as many traders discovered - The only action happened right after the time of hardfork.

• Altcoins exploded 20-30% in minutes

Which was pretty exciting to say the least

My method of attack was selling everything I could into Bitcoin right before the fork, and then refreshing my Bittrex wallet every couple seconds at the exact time of hardfork until my BCC balance appeared.
I then instantly bought Wings for a little less than what I sold them at just to watch it jump 20+% literally 10 minutes later.

As for BitcoinCash

Soon after BCC was launched on Bittrex, the price was trading around 0.07 and stayed in that range for about an hour. I made the decision to buy some more as I believed a pump would happen and I could get an ez 100%

Well, I did get that Ez 100% but apparently I sold way to early...

Or did I?

Although I agree that BCC presents some amazing trading opportunities, I don't trust it's valuation right now besides being a pump/dump without a future and here is a few reasons why:

Bitcoin MarketCap barely moved

• If holders of Bitcoin were really that serious of BCC, a massive movement would have happened and the Market cap would have taken a huge dive. Bitcoin is trading at roughly the same level as pre-fork, So basically No money was transfered, it just appeared overnight in the sum of 20billion$.... yeah ok

Not all holders of BCC have access yet

• Due to users with personal bitcoin wallets not having a "Trusted" BitcoinCash wallet yet, many are still holding BCC waiting for a credible wallet. This sell pressure has yet to come.

Chinese Manipulation

• Mention the word China and I am already skeptical. That's all they do over there; produce coins to pump/dump. You can have your knock-off bitcoins, I personally don't want them.

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What do I know?

I'm calling this the Top of the Pump for BCC with an extreemly loose dump to follow. My price target on BCC is 0.005/BTC

But don't take my word for it, I sold out my BCC and made out very happily.

Although I would have been much happier if I would have sold today, I treated BitcoinCash exactly the way I wanted to treat it.

• Like a Bitcoin ATM
• Free Money

So, BitcoinCash can do what it wants, Pump or Dump, I really don't care much about it. It's a lost cause IMO and deserves a nice spot in the Yobit Crypto-Graveyard

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@generation.easy

a bitcoin fanatic and alt-coin enthusiast