Bitcoin Cash should be considered as cheap atm?

2double0

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Quote from: jakelyson on August 18, 2017, 12:29:22 PM

Quote from: 2double0 on August 18, 2017, 06:23:23 AM

Fellas,
You must have heard about the latest news that popped up yesterday that BCC has managed to get its first 8 MB block onboard as promised, so is it time for it to grow back and jump to higher prices again? There's one more shocking part of this scenario that they don't know who mined this block and it is being said that a single miner/collective group of miners tried to just mine it behind the scenes and remained non-traceable. Is it a thing to think upon and worry about?

Is this the cause of the current price pump? I thought it was just being pumped by whales, now I see the reason.

This is what I think, I don't know the exact reason but that's just an assumption. Can you tell me why Bitcoin is above 4k?
Everyone will say that Japan has allocated more than 6k stores to accept bitcoins there as well as many other countries have joined hands to legalize bitcoins, but that's all an assumption and we don't know the exact reality. BCH has been doing great at the start just like any other alt does when it gets added to Trex and it got pumped due to too much saucy hype being added to the plate of traders, but this time it is definitely not a pump (not in my views at least).

jakelyson

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Quote from: 2double0 on August 18, 2017, 06:23:23 AM

Fellas,
You must have heard about the latest news that popped up yesterday that BCC has managed to get its first 8 MB block onboard as promised, so is it time for it to grow back and jump to higher prices again? There's one more shocking part of this scenario that they don't know who mined this block and it is being said that a single miner/collective group of miners tried to just mine it behind the scenes and remained non-traceable. Is it a thing to think upon and worry about?

Is this the cause of the current price pump? I thought it was just being pumped by whales, now I see the reason.

Emmanueltd

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Cheap real !!! Undecided

Lillian89

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$ 577 at this time. What other currencies can not

2double0

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Quote from: Rinaze on August 18, 2017, 09:07:57 AM

The increase in price for BCH today seems like a very unnatural pump to me. I'm still not sure if having just bigger block size could be enough to go head on with BTC or even the upcoming possible fork / split.

I don't think it's just the block size but it is something that matters a lot and BCH is also picking up speed by getting support being added to it everyday and I think you are underestimating it way too much this time because the price should be at least half a btc (not saying because I bought at 0.31 but the facts that it survived for more than two weeks without transmitting any harm to BTC) and I said that as it used to scale the transactions and is now easily able to mine the blocks as promised. Now the only question here is that, shall miners start to think about supporting it? Will it really become a big miners' game after BCH gets approved and supported by all the miners? Because they can still switch any time, right?

sixexgames

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I feel like BCC (BCH?) is overvalued. I think it'll settle into a niche like ETC.

Rinaze

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The increase in price for BCH today seems like a very unnatural pump to me. I'm still not sure if having just bigger block size could be enough to go head on with BTC or even the upcoming possible fork / split.

kokojie

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Quote from: khufuking on August 18, 2017, 06:38:25 AM

There is somethings to think about that for sure but either this 8Mb was legit or not BCC is too much overvalued right now because simply there is no reason for an alt coin to be at this price right now . that is my opinion . But I am not BCC fan so my opinion might not be accurate after all .

I'm not sure BCash can be called an altcoin, since it is the real successor of Satoshi's original vision. BSegwit chain has gone far away from Satoshi's Bitcoin, it can not be the original Bitcoin any more. If anything, the BSegwit chain is the altcoin.

metalbean

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It's the Koreans that's pumping up all the transaction, and we do know that Bitcoin Cash has quite a bit of Chinese and Korean exchange supporting it before the fork. coinmarketcap exchange for BCH is ~45% in Korean Won.

Can someone in Korea or understand Korean confirm what's going on there?

2double0

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Quote from: Mahanton on August 18, 2017, 08:35:31 AM

When we do buy a certain coin it is somehow considered as a gamble since we wont really know on what would be its price later on.Me too, im not hater on BCC but i was amazed that this coin is still alive and its it somehow managed its price to cling up and as you said already 8mb block is there.Then it might be the signal for the price to cling up again and hitting those previous price ranges. For now i didnt decide to bought up BCC.

It's your choice basically which takes you up or down and that's what happened with me as I didn't listen to my instinct and waited for my goal and now regretting. You shouldn't be amazed why it is still alive because ViaBTC are immutable with their support over BCH and they are not going to let it down anyhow sooner and that's the reason why I am still in this, else there are many coins that get pumped daily and I could have chosen to get out and take a step back and buy something else, wait and make my investment back.

fusepay

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As with any 'new' coin, with not a lot of documented plans for it's life, it is best to step in gently, there have been a couple of pumps already and these will not stop until the traders runs out of ammo or interest. If you hold it from the conversion / split, then do just that, hold it. If you are trading it, then carry on but beware of the pitfalls, and there are many at this stage...

Barcode_

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It is hard to predict how far the price of Bitcoin Cash can rise at the moment, but I think it is one the most potential altcoins to invest in, I remembered I did read about the news of Coinbase planning to support Bitcoin Cash in next year January and this action might cause the price of Bitcoin Cash to rise.

Mahanton

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Quote from: 2double0 on August 18, 2017, 08:26:42 AM

Quote from: khufuking on August 18, 2017, 06:38:25 AM

There is somethings to think about that for sure but either this 8Mb was legit or not BCC is too much overvalued right now because simply there is no reason for an alt coin to be at this price right now . that is my opinion . But I am not BCC fan so my opinion might not be accurate after all .

Just like you, I am also not a fan of BCC neither do I support it but I am also not an enemy and can't say anything bad for it just because I am an investor who bought it at 0.31 going all in with that week's gambling capital after which it got pumped two times but greed stopped me from selling as I had different plans on which it didn't come out clean. To cut losses, I bought back more at 0.21 levels and I am now very optimistic about it seeing the big blocks coming in.

When we do buy a certain coin it is somehow considered as a gamble since we wont really know on what would be its price later on.Me too, im not hater on BCC but i was amazed that this coin is still alive and its it somehow managed its price to cling up and as you said already 8mb block is there.Then it might be the signal for the price to cling up again and hitting those previous price ranges. For now i didnt decide to bought up BCC.

2double0

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Quote from: khufuking on August 18, 2017, 06:38:25 AM

There is somethings to think about that for sure but either this 8Mb was legit or not BCC is too much overvalued right now because simply there is no reason for an alt coin to be at this price right now . that is my opinion . But I am not BCC fan so my opinion might not be accurate after all .

Just like you, I am also not a fan of BCC neither do I support it but I am also not an enemy and can't say anything bad for it just because I am an investor who bought it at 0.31 going all in with that week's gambling capital after which it got pumped two times but greed stopped me from selling as I had different plans on which it didn't come out clean. To cut losses, I bought back more at 0.21 levels and I am now very optimistic about it seeing the big blocks coming in.

khufuking

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There is somethings to think about that for sure but either this 8Mb was legit or not BCC is too much overvalued right now because simply there is no reason for an alt coin to be at this price right now . that is my opinion . But I am not BCC fan so my opinion might not be accurate after all .

2double0

legendary

Activity: 2618

Merit: 1105

Fellas,
You must have heard about the latest news that popped up yesterday that BCC has managed to get its first 8 MB block onboard as promised, so is it time for it to grow back and jump to higher prices again? There's one more shocking part of this scenario that they don't know who mined this block and it is being said that a single miner/collective group of miners tried to just mine it behind the scenes and remained non-traceable. Is it a thing to think upon and worry about?

Topic: Bitcoin Cash should be considered as cheap atm? (Read 589 times)