We had a swing with the BCH recently which you can observe with the 1 month chart from coinmarketcap.com above.

What we observe is the spike in BCH price and now a rapid decline.

It seems we might be hitting pre swing numbers soon.

Why is BCH falling?

Simply: Profit booking

People are into Crypto for a big payout and they don't care about the fundamentals or the purpose behind its creation.

Everyone will say they believe in the spirit of Crypto but they will sell their crypto for fiat as soon as they see a profit.

I once asked a fellow...

I once asked a fellow on the internet if he is a believer in Crypto then would you still support it if you knew the price of your crypto would never rise.

His answer: well he avoided answering it by asking that the price of crypto will rise because of this reason or that reason.

The truth: he wouldn't, why? Because he like nearly everyone in the Crypto world is dreaming of their big fat payout.

They all heard the story how people who brought Bitcoin for a few dollars are now millionaire. In their minds they have already spent that big fat payout. Buy that Lambo everyone keeps shouting about.

Yet, no one really believe in it

Crypto is not a lottery

If you believe in it then you are not looking to cash out.

Yes, this is a rant