So where's the floor on this thing? will it crash harder once all the unconfirmed deposits post on Bittrex?
I'm kinda looking to buy right now but not sure if I should wait a bit.
until its blockchain is flowing freely you might seriously regret buying at these levels. there are millions of people who hold it who can't move it to an exchange and a few thousand who can sell it right now. do the math.
when i do the math i see this....
16mill btc = 5mill bcc, why...
because
1 -many cant claim bcc, dont know how to
2- many wont even know about it
3- many old btc lost wallets=many lost bcc wallets
4- many traders btc (+bcc ) stuck lost on old exchanges + now btce
5- many exchanges refuse to list it (coinbase) = huge missing bcc
so if roughly 5mill bcc are around and cost lets 1/10th the price ( 0.1 per bcc)
you only need around 500k btc(or =amount in fiat) to buy em all ....rough estimates lol
The guy is correct. There won't be anywhere near 16mill BCC.
1) There are many services like Primedice which hold large amounts of BCC and they won't distribute those BCC. And they also can't sell them for liability reasons. There are hundreds/thousands of these services.
2) Alot of people also don't know about BCC or they know about it but its too technical for their difficulty to claim it.
3) All those burned BTCs or lost wallets or Satoshi's coins will never become BCC.
4) Exchanges like MtGox or BTCe which had loads of coins in storage probably won't retrieve for BCC. Because its way too complicated.
5) Exchanges like Coinbase will eventually have to distribute the coins because they will start to get sued. So I think these BCC will enter the market.
6) There are also many investors of BTC which are long-term investors. They don't check BTC price every hour like everybody on Bitcointalk. They probably bought it, put in cold storage, and won't look into it until 5 years later. They probably have no idea that BTC split into BCC. And even if they do, its not worth the trouble of taking it out of cold storage for an extra 10%.
