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.
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source https://www.reddit.com/r/btc/comments/12hregv/some_investors_feel_bch_is_not_good_anymore/
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