Topic: bitcoincash is around 755.04 $ now! - page 3. (Read 2555 times)

Just buy as much as possible and wait for another year !
Finally you will thanks to me since bch also share bitcoin potential so it's worth for us to invest into bch as well

When BCC came for the first time. BCC's price was around $900/BCC (0.48 BTC peak) which was a good price for new altcoin. As everyone said, it just normal pump like other altcoins but let's hope the price will remain on 0.2 BTC/BCC at least.

Bitcoin cash will be at the second place after the BTC because peoples are more interesting with Bitcoin cash nowadays,it will fall but it will up again.don't forget bitcoin cash not even 1 month since it first launched.

This can be because poloniex. They haven't listed bch for a really long time and now the holders on bch are trying to push the price. This might not be a end maybe the price will rise till $800 and start a downfall again. Or the second reason can be to push the price to sell in profit if you remember the price had fallen really fast when withdrawals were enabled and many got too many losses so now they are just trying to push the price more.

Some people will pump bitcoin cash as theybwant there want there ROI be back... But the ttuth is bcc/bch will remain alternative to bitcoin... Bitcoin will ramin as thr standard crypto

There are huge players behind Bitcoincash. It's not just a simple exchange that did that split. We have still much more to see.
Meantime, Bitcoincash shoudn't be considered a sound investment as their miners are same as bitcoin and can switch side anytime.

Well I guess someone pumped it when he was buying low. Now it's time to sell, price back to something low again.

~ 566$ BCC like a joke

Yup in one day it went that many high means definitely it will come down. Those who bought last time means when it arrived this coin market and waiting for the good price. This is the best time to sell your coins and get your investment back. Becasue don't know again when it is going to dump.

thank you for your reply, a reasonable explanation can help me hold my coins, i have not seen good news about bcc, i doubt whether it will last long before

It's just a hype, it would gradually go down overtime. This only proves that bitcoin cash has no chance against bitcoin, bitcoin will forever be the king of coins and bitcoin cash will just be considered like any other altcoins out there.

ThankYou (THNX). I appreciate very much your clarification!

I haven't seen a proper answer for the price increase here. So I will give one -

It is not hype as some of the people here have speculated. Neither is it just random increase/decrease or pump/dump! It is due to the anticipation of mining profitability parity.

Bitcoin Cash's value is a direct co-relation to the percentage of BCC/BTC mining power. BCC mining was unprofitable when it forked on Aug 1st. The difficulty took some time to adjust, and then there have been multiple mining groups trying to play the block times and difficulty decrease/increase, which I will not get into here. Finally, in the past day or so, the mining profitability seems to be reaching an equilibrium - it is within 5% distance from BTC mining profitability. Check this link for up-to-date stats - https://cash.coin.dance/blocks.

The price increase is a speculation that the mining profitability will be achieved in the next few days and more mining power would be pointed to mine BCC (Right now, even the people who supported BCC and wanted to mine it might not be mining it because it wasn't profitable) and BCC would see an increase in hash power/price/support again. But as more miners point to it, the difficulty increases again, and if the transactions don't increase correspondingly on the chain, the profitability decreases again and you will see miners moving back to BTC. This is where the price goes down again. We will see this increase/decrease a few times (also because of the politics played both BTC/BCC groups with mining) until an equilibrium is achieved. This is when the price remains stable and we will find out the true value of BCC. It could eventually die away if the mining profitability just keeps going down or could live along side BTC (similar to ETH/ETC).

Also, BCC chain just saw its first 8MB block a day or two back, which pumped everyone's expectations.

That is a normal price movement. We should take into consideration that the coin involved is Bitcoin Cash. While it is not that popular among people, there are still some avid fans of the coin. But mostly, the price movement is just an effective of a price and dump scenario.

Wouldn't at all be surprised if it went past double the price of Ethereum and stay as #2 on the charts. Bitcoin Cash seems to have a bright future because of how smooth BCH's system works. No more high fee priority transactions, unless users start doing it themselves and it would be pretty much the same as those mining BCH are the ones pushing the coin to stand higher and compete with the BTC.

I don't even care about it
We have enough of clone and copy that want to disrupt each other.
 

It depends on whether other miners now start shifting to it, now the price has risen. If they do, the coin has a future

It is slowly going down right now, and it is a good sign that the pump that has happened is obviously because of hype or the possibility of it being manipulated. I dont expect bitcoincash to ever dethrone bitcoin and dont just look at the price, just look at what everyone uses for transactions, it is bitcoin and not bcc. Those who use bitcoincash oftenly use it for speculation so even if bitcoin cash would go up way above bitcoin price, I wont say that it has dethroned bitcoin unless most of bitcoin users have already switched into bitcoincash.

I have seen rapid increase of price for Bitcoin Cash, now I think hype is starting to calm down and price will go back to what it was a few days ago.

However, this increase may attract some victims which will buy from highest price. So I recommend such people to be careful of entering point.

Some whale traders pump bcc today, expect it to go down in a couple of days. I suggest take out your profit in it and buy cheap neo now