Some theories about bitcoin price because of BCC airdrop

Silberman

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Quote from: krizniq on August 03, 2017, 02:53:06 PM

I kind of believe internally about this scenario:

BCC involved ppls are waiting for regular Joe which will "dump asap everything and buy BTC" which means BCC will sink, BTC will rise.
in some moment all those BCC waiting ppls (and they are whales as well - miners) will dump BTC and rebuy this cheap BCC which will multiply their crypto holdings by 10-20times

BTC dump of course may trigger panic mode for regular Joe which will run headless around.

dunno, but it makes sense for me, not sure what i'll do with my btc and bcc yet, everything is just what if

Not a bad theory but the problem with it is that at the end the miners end with a bunch of BCH that no one wants so unless they can sell that for a profit then their plan is going to fail and instead of earning a lot of money they are going to lose a fortune, that is why I’m not sure I buy your scenario but at least that could be an explanation of why is happening what it is happening.

jostorres

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Quote from: krizniq on August 02, 2017, 06:03:05 AM

currently 600usd on kraken

I think it's quite good times for those which had btc out of exchanges

Why it is good idea I mean why? Like you should see the status which is greened by bitcoin that everything is perfectly clear so go for trading investing there is no risk. There is no risk even in online exchanges neither in random exchanges so I would like to say that you didn't see the part what they have posted I would like to say that go for that as well.

krizniq

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I kind of believe internally about this scenario:

BCC involved ppls are waiting for regular Joe which will "dump asap everything and buy BTC" which means BCC will sink, BTC will rise.
in some moment all those BCC waiting ppls (and they are whales as well - miners) will dump BTC and rebuy this cheap BCC which will multiply their crypto holdings by 10-20times

BTC dump of course may trigger panic mode for regular Joe which will run headless around.

dunno, but it makes sense for me, not sure what i'll do with my btc and bcc yet, everything is just what if

withche.07

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I think third scenario is the most likely to happen. People in crypto markets create worth to all coins. So fork doesn't really mean huge drop for original bitcoin. And bitcoin cash can become valuable as well.

chip1994

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Quote from: Saichoukyushin on August 02, 2017, 09:11:38 AM

Quote from: azguard on August 02, 2017, 05:03:50 AM

Quote from: naughty1 on July 31, 2017, 01:06:34 AM

Bitcoin is split, so its value will also be divided, BCC and BTC will carry different values, but I think BCC will carry a very low value. A free gift can not carry a high value. Market capitalization does not allow that.

At he end we will all sell this free gift and convert it to bitcoin. Considering this gift as free money most will change momentary to bitcoin some will hope BCC will go up but when all drop it price will go down this is some feeling about it and dont think this will be better. Dont know how much is the price that some predict but my prediction is that will be much lower then current one on coinmarketcap.

Maybe its too hard to predict its price but knowingly it will be the trend for now so the attention of traders will also split in two BTC and BCC . But like you said this is a free money or gift it will dump in a certain time so its better to hold it and sell in a good price .

The market always like doing the opposite our hope and it has prove that's right after reach to value $1000/BCC in past days. So, I think BCC will make trader surprise more in next time with new highest value even pass top 1 Bitcoin in short time Tongue

Silberman

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Quote from: talkbitcoin on July 28, 2017, 09:34:10 AM

as you may know bitcoin cash hard fork on August 1 is a possibility to happen and a couple of exchanges said they may add it.
from what i have been hearing, people will treat it mostly like any other airdrop altcoin and will start selling.

in this topic i want to explore the scenarios that may happen because of it.

1. people sell BCC to fiat and use that fiat to buy bitcoin or at least use some part of that fiat to buy bitcoin and bitcoin price rises. which is already rising and this can be in anticipation of that.

2. this scenario only works under one condition: there should be NO BCC/USD market and only BCC/BTC market. in which case people may sell their BCC for BTC then sell that BTC or part of it for fiat and that may cause some dips in bitcoin price.

3. it doesn't matter at all. bitcoin price is already rising, nobody is taking BCC seriously and bitcoin price will continue rising because it had all its FUD and downtime already and SegWit is coming...

i say #1 is the most probably scenario. tell me what you think?

It seems scenario 3 is the one happening and the one I believed before everything happened, no one cares about this new altcoin, it was created by the miners for the miners no one was asking for such a coin and when a coin has no market then there is only one thing for that coin to do and that is to disappear and be remembered as just another coin.

Saichoukyushin

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Quote from: azguard on August 02, 2017, 05:03:50 AM

Quote from: naughty1 on July 31, 2017, 01:06:34 AM

Bitcoin is split, so its value will also be divided, BCC and BTC will carry different values, but I think BCC will carry a very low value. A free gift can not carry a high value. Market capitalization does not allow that.

At he end we will all sell this free gift and convert it to bitcoin. Considering this gift as free money most will change momentary to bitcoin some will hope BCC will go up but when all drop it price will go down this is some feeling about it and dont think this will be better. Dont know how much is the price that some predict but my prediction is that will be much lower then current one on coinmarketcap.

Maybe its too hard to predict its price but knowingly it will be the trend for now so the attention of traders will also split in two BTC and BCC . But like you said this is a free money or gift it will dump in a certain time so its better to hold it and sell in a good price .

krizniq

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I think it's quite good times for those which had btc out of exchanges

HanvanBitcoin

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Quote from: azguard on August 02, 2017, 05:03:50 AM

Quote from: naughty1 on July 31, 2017, 01:06:34 AM

Bitcoin is split, so its value will also be divided, BCC and BTC will carry different values, but I think BCC will carry a very low value. A free gift can not carry a high value. Market capitalization does not allow that.

At he end we will all sell this free gift and convert it to bitcoin. Considering this gift as free money most will change momentary to bitcoin some will hope BCC will go up but when all drop it price will go down this is some feeling about it and dont think this will be better. Dont know how much is the price that some predict but my prediction is that will be much lower then current one on coinmarketcap.

Exactly. 16 million pieces of the new BCH / BCC * 380 euro (current price Kraken) = 6,080 Billion euro! Where would that money ever come from? Grin

No way price will stay this way when BCH / BCC deposits to exchanges are availeble. Dump for a good price while you still can Grin

azguard

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Quote from: naughty1 on July 31, 2017, 01:06:34 AM

Bitcoin is split, so its value will also be divided, BCC and BTC will carry different values, but I think BCC will carry a very low value. A free gift can not carry a high value. Market capitalization does not allow that.

At he end we will all sell this free gift and convert it to bitcoin. Considering this gift as free money most will change momentary to bitcoin some will hope BCC will go up but when all drop it price will go down this is some feeling about it and dont think this will be better. Dont know how much is the price that some predict but my prediction is that will be much lower then current one on coinmarketcap.

naughty1

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Bitcoin is split, so its value will also be divided, BCC and BTC will carry different values, but I think BCC will carry a very low value. A free gift can not carry a high value. Market capitalization does not allow that.

Wind_FURY

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Quote from: kwukduck on July 29, 2017, 07:06:34 AM

Call it shitcoin all you want.
It properly solves scaling problems without the addition of bankster incentivised code.
People will realise soon enough BCC will never be this cheap again and sell their BTC for BCC.

I missed this post. Now I know why you are always bearish when it comes to Bitcoin. You are one of them big blocker supporters of Gavin Andersen, Roger Ver and the Chinese mining group. Good luck to you and BCH kwukduck, I really mean it. It is time to go our separate ways.

MiF

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Quote from: talkbitcoin on July 28, 2017, 09:34:10 AM

as you may know bitcoin cash hard fork on August 1 is a possibility to happen and a couple of exchanges said they may add it.
from what i have been hearing, people will treat it mostly like any other airdrop altcoin and will start selling.

in this topic i want to explore the scenarios that may happen because of it.

1. people sell BCC to fiat and use that fiat to buy bitcoin or at least use some part of that fiat to buy bitcoin and bitcoin price rises. which is already rising and this can be in anticipation of that.

2. this scenario only works under one condition: there should be NO BCC/USD market and only BCC/BTC market. in which case people may sell their BCC for BTC then sell that BTC or part of it for fiat and that may cause some dips in bitcoin price.

3. it doesn't matter at all. bitcoin price is already rising, nobody is taking BCC seriously and bitcoin price will continue rising because it had all its FUD and downtime already and SegWit is coming...

i say #1 is the most probably scenario. tell me what you think?

I really agree to the first theory but for my own opinion the third one is what I really think I don't really care about the BCC ,
I just think that after this whole SegWit and FUD thing is done the price would pump up and the transaction would be faster that's what I really hope for.

PokerFace3

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Chain split will be non event as only soft fork is going to happen on august 1. Still, I like to debate on what is going to happen with new currency BCC.
I guess obtaining BCC might not be similar to airdrop as only for the bitcoins we are holding, we may get equivalent amount of BCC not more and not less hence the value also will be similar to BTC in the beginning days and based on demand it may beat BTC in value or not.

ElitistCA

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Quote from: nightrider on July 30, 2017, 12:25:28 PM

Quote from: ?? on ??

What is the benefits for an exchange to add BCC if the majority of BTC holder that will get BCC airdrop will just immediately convert it to cash in able to buy BTC? It is absurd to hold BCC or have a consistent trading volume since all the coin comes in free. It is risky to buy or support this kind of coin. I will not be surprised if one day this coin will pump instantly and dump after there are investors traps.

BCC comes from BTC, if BTC is still the same value, BCC will become the currency that will be received free of charge. How does a free coin start valuable? impossible. BCC can not develop this way.

So, I predict after distribuite Bitcoin Cash, the price of Bitcoin and Bitcoin Cash are drop more. Because when have "new" Bitcoin make the price of old Bitcoin split to 2 parts, and maybe the whales will take advantage this situation for control the price of Bitcoin.

maokoto

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I did not know that bcc was still in the market, surprised to see it in ViaBTC. It is hard for me to think that it will raise when lots of people get chep BCC in the fork. Most likely it is going to go much lower than it is now, and right now it only has 1/9 of the BTC value...

Ahmat faisol

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There may be other thoughts if the early bcc is for free to measure the next price level.
Like I will save my bcc to wait for the pumping continued from this coin.
Like his btc in the beginning only a handful of people who know and his price is very cheap now a sky does not close the possibility of bcc will also be famous.

bit1

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Quote from: nightrider on July 30, 2017, 12:25:28 PM

Quote from: ?? on ??

What is the benefits for an exchange to add BCC if the majority of BTC holder that will get BCC airdrop will just immediately convert it to cash in able to buy BTC? It is absurd to hold BCC or have a consistent trading volume since all the coin comes in free. It is risky to buy or support this kind of coin. I will not be surprised if one day this coin will pump instantly and dump after there are investors traps.

BCC comes from BTC, if BTC is still the same value, BCC will become the currency that will be received free of charge. How does a free coin start valuable? impossible. BCC can not develop this way.

That also depends on the acceptance and use that is given, Having said that I really do not think that BCC can exceed to BTC because it overcomes and outstrips the other, Also is still too early to anticipate anything else since it is barely found in two markets, As time goes things will be clearer.

SONG GEET

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Right now : people are buying back bitcoin with whatever cash they have and nobody is willing to sell their bitcoins to get free BCC after split.
After split : people will first sell their bitcoins to cashout profit in this pumped price and will wait till BCC will be listed in few exchange platforms to dump it.

BTC price can go downwards after split but it will eventually recover when all BCC will be dumped hard.

nightrider

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Quote from: ?? on ??

What is the benefits for an exchange to add BCC if the majority of BTC holder that will get BCC airdrop will just immediately convert it to cash in able to buy BTC? It is absurd to hold BCC or have a consistent trading volume since all the coin comes in free. It is risky to buy or support this kind of coin. I will not be surprised if one day this coin will pump instantly and dump after there are investors traps.

BCC comes from BTC, if BTC is still the same value, BCC will become the currency that will be received free of charge. How does a free coin start valuable? impossible. BCC can not develop this way.

mobnepal

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Even though many exchange platform have rejected support for BCC right now but they might add it at some point just like they have added ETC after ETH hardfork after few months.

So I think there will be BCC-USD market in some of the platforms from day 1 and people might either cash those free money out or invest more in bitcoin/other altcoins. I am actually expecting pump on both bitcoin and ethereum price.

AK47-

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Quote from: talkbitcoin on July 28, 2017, 09:34:10 AM

as you may know bitcoin cash hard fork on August 1 is a possibility to happen and a couple of exchanges said they may add it.
from what i have been hearing, people will treat it mostly like any other airdrop altcoin and will start selling.

in this topic i want to explore the scenarios that may happen because of it.

1. people sell BCC to fiat and use that fiat to buy bitcoin or at least use some part of that fiat to buy bitcoin and bitcoin price rises. which is already rising and this can be in anticipation of that.

2. this scenario only works under one condition: there should be NO BCC/USD market and only BCC/BTC market. in which case people may sell their BCC for BTC then sell that BTC or part of it for fiat and that may cause some dips in bitcoin price.

3. it doesn't matter at all. bitcoin price is already rising, nobody is taking BCC seriously and bitcoin price will continue rising because it had all its FUD and downtime already and SegWit is coming...

i say #1 is the most probably scenario. tell me what you think?

There is no doubt that theory 3 is going to take place. Example can be seen right in this thread. How community is reacting over BCC and ultimately we are the one who will be given BCC equivalent to BTC we hold. Bitcoin holders aren't really welcoming to BCC fork. Most probably it would be dumped in matter of hours. Regarding Bitcoin, it will grow as before and wouldn't be much affected by BCC.

webtricks

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Nice topic, well all three theories show that BCC has very dull future ahead and I believe it could harly survive airdrop and rise again in any near future.
Now coming to theories. I would go with third one. Bitcoin Cash isn't capable enough to create any impact via first or second theory and will be one of other insignificant altcoins. I am conducting somewhat similar poll on Twitter and results clearly reflect that community is surely waving to third theory -
https://twitter.com/Bitcoin_Bullet/status/890985561644650500

Bitmore

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Quote from: kwukduck on July 29, 2017, 07:06:34 AM

Call it shitcoin all you want.
It properly solves scaling problems without the addition of bankster incentivised code.
People will realise soon enough BCC will never be this cheap again and sell their BTC for BCC.

I don't think I would sell anything, but I am open to buying cheap BCC as is available...

YuginKadoya

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Quote from: John999 on July 29, 2017, 11:16:32 AM

I think it's going to be a mix between theory 1 and theory 3. But yes it's pretty tempting to dump it right away to get BTCs...

It will be surely a mix between selling it and doesn't give a thing about BCC at all and I think it is on the users decision if what they wants to do with it, and more importantly the price of bitcoin is rising and we can see that it is a good thing for bitcoin activating the segwit event, but what shall users would certainly do with Bitcoin cash and yes I myself would surely be tempted just like you.

Netnox

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It is going to have some effect and my guess that the BTC exchange rates are going to drop (at least temporarily).

Here is my guess:

1. At least half of all the BCC tokens will be dumped within the initial 30 days
2. The BCC supporters will dump their Bitcoins, and purchase these BCC tokens
3. #2 Will result in a surplus BTC holding for many of the users, who are going to sell at least part of these BTC to fiat.
4. #3 Will cause an over-supply of BTC in the market, dragging down the prices.

talkbitcoin

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Quote from: DaMut on July 29, 2017, 12:08:11 PM

#1.possibly a sharp rise in the first day because the appearance of BCC ? you mean on 1 August ? that won't happen in my opinion because,likely a possible movement in Bitcoin market was a downward movement.Reason : BCC created based on Bitcoin chain so how much we will get based on our balance in our wallet,many people take this time as their opportunity to maximize their profit.that mean somepeople likely will pump it before get out of it.

right now price is about $300 per BCC and if you have 10 bitcoin you can nearly get 1 bitcoins worth out of this.
and about the pump i have to say there will surely be a pump but it would be impossible to do so in the first couple of weeks because all that time people will be dumping, it takes time for some people to do it, or to find the best way of doing it. and when the dumping slows down depending on the price of that time (the bottom) no amount of pump may work on it.

so far BCC has come down about $600 from its ATH when ViaBTC started the market and that is a -66% drop pre-launch!!

Quote

#3.Upward movement will continiou,but we will see another downward first before upward movement.it's a cycle of the economy,(normally happens ? you mean like before,without a huge dump like 2014ish ? yeah more likely )

i don't think there will be any sharp drops. the drop was tested twice in the past month. first one was big down to $1850ish and the second one was only down to $2400ish.
i see only rise specially after this:
http://www.businessinsider.com/bitcoin-price-goldman-sachs-2017-7

DaMut

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Quote from: DaMut on July 29, 2017, 06:58:26 AM

How about it ?

they are good, thanks for sharing.
what i meant was in #1 the price of bitcoin will noticeably be affected by BCC in an upward movement, possibly a sharp rise in the first day.
in #3 the rise continues as before, a slower rise and the same pattern that normally happens.

Oh well,
From my view the appearance will affecting further upward movement for Bitcoin but it's not really significant,
#1.possibly a sharp rise in the first day because the appearance of BCC ? you mean on 1 August ? that won't happen in my opinion because,likely a possible movement in Bitcoin market was a downward movement.Reason : BCC created based on Bitcoin chain so how much we will get based on our balance in our wallet,many people take this time as their opportunity to maximize their profit.that mean somepeople likely will pump it before get out of it.
#3.Upward movement will continiou,but we will see another downward first before upward movement.it's a cycle of the economy,(normally happens ? you mean like before,without a huge dump like 2014ish ? yeah more likely )

Topic: Some theories about bitcoin price because of BCC airdrop (Read 2071 times)