Topic: WHY BCC PRICE KEEPS INCREASING (Read 2793 times)

When you see a coin get pumped you should look for the reasons behind it . And for BCC it was for 1- most of exchange was disabling the deposit ( big players did not have chance to dump there coins ) . 2- It was expected that BCC camp will try hard to pump it and after reach good value even the BCC camp will join the dump fest once they see they made good money . 3 - BCC was never a real coin it was just a way to get more money nothing more .

Maybe BCC will get pumped again ( in my opinion It is just another shiticoin that will get pumped and dumped from time to time ) . To be honest there is no one reason to buy and hold BCC now ( unless you expecting unreasonable pump ) . Maybe in future there will be .

If there is a possibility of BCC coin back high then I advise you to buy more and wait for that possible time. I remember two days ago when the price was around $1,200 and I nearly bought some more bcc thinking it'll rise and take the lead in crypto coins.

I heard that bcc will also be supported a segwit so I think it could be the cause of the bcc price going back high in the future

looks like price was high and stable for a little while when exchanges were not able to allow its users to withdraw or trade their bitcoin cash for other assets but now that there is no one to stop them traders keep dumping these coins and if my calculations are correct BCH has lost over $100 in this show time frame. 

This is the reality in the life of every coin . But here you can see The BCC coin is new in the market so the people are thinking to buy and hold but as usual with the profit double , people usually sell thier btc , Here the same thing happened ( according to my prediction ) .
And also don't forget that equal amount of the bcc we got of btc amount in the network but All people didn't get the bcc coin , here most of the people got bcc at the exchange to hold ( can't say for poloniex ) .
But those big earners who putted thier money in the adress and have private key of that adress are not able to make bcc get easily , so here the market is stil stable at rate 0.17+ btc/bcc coin ( started from the 0.2btc/bcc ) .
Here also another reason for this coin to rise is because this coin is made by the team who is handling the bitcoin network , so people are in more favoure to have this coin for the future purpose .

Nobody don't what is going to be the market value after some time because right now many people have a lot of less faith on BCH, it is just like another altcoin which has created a lot of hype in the cryptocurrency industry. May be the price may increase or price may fall.

Haahaahaha, so this Satoshi man, is he still living and do you know the total btc he possesses?
Lemme hope this man dumps his bcc and I'll check the price of bcc, but it seems people are really dumping

Its because more on peoples / traders buy BCC or Claim now all free btc.   And holding for a posible high price . I Think Once I
the big Holders sale BCC to Bitcoins. thisay cause a Panic selling and star to dumping in price so it's not good tu buy now cause the growth is not normal and onece the down fall the up may also fall .

Let's wait for Satoshi to dump his BCC... that's gonna be hell of a flood 

I have no idea that after the hard fork there will be a new coin which is BCC who will be in top spot.
This means more people are backing this coins but I am not really interested, I am just happy I made free BCC in my bittrex account.

That's not correct. Blockchain is moving, miners are mining. I think we'll see some pumps after big players will accumulate dumped coins!

For bitcoin trash, its not the case it will go up
miners are not attracted to mine bch, as the profit is 1/10 of mining btc
no miner, transactions cant be done
no support from the dev
I think the bcc miners may have already switch back to btc mining after they dump their bcc

Yes, it turned out BCC is gaining much after it is introduced to the market. Holding was the best move. But it is sad that most BCC holders are dumping their share immediately after they receive them. Well, who can blame them? They received them for free and they are too excited for free money.

Price is not always to go up, it should go down for a while and then come back up again. If you are patient to with holding your BCC you may be more profitable later.

I am saddened by how the price dropped when I checked on bittrex. I left my bcc expecting something good but with what is currently happening, I think I should sell before they open deposits.
I am learning a lot from here.

Lol I know Roger Ver are reading threads like this. Yeah I have just keep my BCC we do not know whats coming next. I will keep this for a year. Anyway its free.

You did very well here as the current price is well under that now. In fact the current price shows nearly 65% drop from opening ATH price (speculated) and will drop much more when the bigger exchanges start allowing deposits.

Also what do you think of HitBTC exchange? I hear some scam accusations about them, although I have never used them. You use them much, have you withdrawn your btc yet?

Yes, I have been deposited my Bitcoin Cash to HitBTC exchange and sold all my coin but with cheap price than Bittrex. However I still think with rate 0.2 BTC per coin still good because have many people don't know when Bittrex open gate Bitcoin Cash, the price of it can drop down to $20-$50 dollar per coin is possible.

I think there's no whales manipulating it and since some of the exchange are closing the deposits maybe it contributes the price growth since theirs no withdrawal will be happen or selling and those holders of it will be force to hold(My Opinion only ) but I'm not surprise for bcc growth since at the first place its new and we can see the real price of it after the segwit will be lock.

The price is still speculative isn't it? Has anyone deposited any into an exchange? Just wait until all those free coins hit the market, shit man there's gunna be a selling frenzy, especially now that the spec price is so high. Within 2 weeks BCC will be worth less than 20% of the opening price for sure.

Thats exactly what i was thinking about , this is probably gonna end sad for them:D

I expect that anyone not really sure what to do,
if you sell it,... you know that it is the pumping time,.... you may miss the train.
It is a good time to pump,... next year may be better

In addition to your say, on bittrex the bcc deposits are still closed. So there is no way to deposit bittrex some bcc to start trading there. I think some big whales are manipulating so that they can ensure the community that bcc has a real value against bitcoin. But this game will end very sad for them...

I had some btc on kraken exchange which I forgot to withdraw before Aug 1.Now I have equal number of BCC also and I can sell it but I will wait to see how price moves

Because Roger Ver, Jihan and co are buying them all up so people will post threads like this.

I think because of the many demands, many traders speculate by buying Bitcoincash, while those with bitcoincash continue to hold it, resulting in price increases

It's just my opinion but no I don't think BCC has any chance of reaching the price of BTC. Mainly you cannot transfer BCC into exchanges so the supply is limited while the demand remains unchanged.

Once confirmations speed up and exchanges accept deposits it's likely the price will crash more from its current price (which is already close to half its max price on bittrex).

^? Really? 20confirms and only 2 a day?? LOL what happen to this whole crypto thing being innovative and helping us, 40 days is eons in the crypto world.

It is bitcoin crash right now. I mean it's not comparable with the real bitcoin. Remember you still not be able to make a transaction with your bitcoin crash (BCH). someone said that the transaction will take 20 confirmation and every day you just get up to 2 confirmation. say bye for that. 

As a currency BCH is the number two currency right now because i do not consider ETH as a currency as it is not. The other thing is ,it wont be any way similar to LTC, the recent upgrade LTC had is different and their current focus is different,BCH is a good idea,but i would like to see how it goes on and how it picks up the momentum they had.

The way it looks to be, BCH is the new LTC. In the way that it shadows bitcoin, silver to gold token. I don't think it will ever take number 2 in market cap or even overthrow BTC, but $1000 is more than doable.

I think a small bump in demand for BTC as people will be looking to dump BCC to get more Bitcoin with it. BCC will face many difficulties but could still stay alive after.

The key is to think of this as a brand new Alt coin, and not a fork. The only difference is that it's going to get a little bit of traffic based upon the fact that people want to jump on that versus Bitcoin. All it is is a brand-new old coin, and it's getting about the same amount of attention. But, it is also getting a little bit of extra attention for those that feel it's like some sort of deviant policy or deviant political group versus Bitcoin, and that'll die down rather quickly

It was a massive pump and i thought it would reach $1000 for the day seeing the pump but it is now stabilizing after the initial burst and the volume is really huge which is expected but then , i am waiting to see the price one week from now,like to see whether we will see a big dump.

Thanks so much for your contributions. I really liked what you all wrote. I have a fear knowledge what is going on now.
Moment after I read some of your suggestions, BCC starting dropping as most of you indicated. Everyone us in for gains, so let's see what happens

Nothing technical about it


It's sales and marketing 101

It hit fb trending and now everyone wants some.


Its a cheaper transaction that bitcoin.


Pretty cut and dry.

I decided to run a few experiments and am happy to say I just doubled my btc on two exchanges .

Not huge amounts but I left a handful on two exchanges and instead of dumping I dumped my btc for more bcc and just cashed out near the high on both. Had a feeling this might happen and of course now regret not having my full stash on there but it is indeed risky and this first pump moved fast as hell. I think many more pumps will happen today, if you did manage to get some it's a great time to try to beat the waves..

Anybody have any idea of when Bittrex opens it up?
I want to get rid of this crap immediately.

That is totally normal mainly because people who had there BTC offline ( whales ) still can not get it online to dump it + most of exchange have not enabled BCC deposit yet + even if BCC deposit is enabled it will take very long to get it deposited because exchange that have BCC deposit enabled have 5 confirmation required to credit it . BTW few hours ago price off BCC at bittrex was 0.4 and at other exchanges was 0.15 .

There is less risk pumping the coin in a small exchange.  That is because nobody can move BCH and exploit the inefficiencies.

The game plan is likely to pump in small exchanges and dump coins in large exchanges.

Could possibly be that, price pumped a lot the past few hours, now it has started dropping in a dramatically high pace, indicating how risky it even is to try and invest in BCC.

Artificial scarcity.

The only ones who have BCH in exchanges are the ones who had BTC in the exchange.

The last block was mined 11 hours ago.  So it will take days to get even 3 confirmations to move BCH.

Also, you can't arbitrage between exchanges since it takes too long to move BCH.  Meaning you can't buy low in one exchange and sell it high in another.

It might be a indication of investors trying to pump up the price of Bitcoin Cash before cashing them out, but it is too early to tell how the future of Bitcoin Cash will develop as the market is still very unstable and is very subjected to high volatility, maybe it would be better to observe the market for a longer period of time.

Most people missed out on the early days of Bitcoin and they saw what happened with Bitcoin later on, so they are jumping

in to buy BCC, hoping that BCC will follow the same route. The mad rush to buy is also fuelled by speculators and Fiat whales

artificially pumping the price to simulate a Bull run. As soon as their money runs out, we will see a massive dump in the

price.  

Boy wait until you see what happens when a major exchange like bittrex opens the deposits for the public. This right now is purely pump in my opinion it's valued $700 right now but the price of bitcoin hasn't even fallen. Adding up to that bcc only has 5% of bitcoins hashpower, I'm curious to see how fast bcc will be forgotten.

Main reason for price increase is that most exchanges don't allow you to deposit BCC, so people are still holding it. Second reason is timing, you'll find the real price after a week or two once it settles down.

I would agree with you on this but the markets have been getting increasingly ridiculous lately. On the base of it BCC or BCH as it's now termed is a fork with plans similar to that of Dash. Dash has already made countless updates, has a sizeable budget, road map for the future updates, strong development team etc etc. Yet BCC/BCH is now 800% higher than Dash in terms of market capital one day after fork without a decent usable wallet.

Bitcoin Unlimited's plans of on chain scaling whilst are the correct solution cannot be done without incentivised nodes as altruism can only go so far. As the blocks increase in size so does the cost of running the blockchain along with the hardware requirements to run the node.

Why can't the development team see these seemingly obvious issues? I believe it to be greed and they seem to have lost sight of the purpose of why we started Bitcoin in the first place. Not to get rich but to free the world of central banks and fiat currencies.

There have been 12 blocks mined since the hard fork.
This is the reason. No one can move BCC fast enough to dump it.
At the current rate it would take two days to move BCC from a private wallet to an exchange to dump it.
The vast majority of Bitcoin Users HODLers* hold Bitcoin in private wallets on full node clients.

definitely, mate! 

Wow, good analysis! I think BCC price keeps increasing because more people are putting their money in to it, thinking may be the price will get higher and then sell it. As I was saying few days back "BCC will take advantage of Bitcoin, as the price of Bitcoin is higher more people want to invest in to it but they can't because it's too expensive for them. They are looking for cheaper alternative which is now BCC". So Bitcoin built itself to the certain level which is worth a lot and now BCC will take advantage of that as cheaper altcoin of Bitcoin.  

this is purely a pump.
there is no way you can deposit your BCC and sell it so the price automatically goes up. now add to it the fact that manipulative whales are hard at work and also the fact that people are FOMOing and you have a fast rising price. and by the way it is so far from half! it is still very much low.

The market will determine what the "real" fork is.   Right now it is far from certain which will win. 

If you don't want to be late, get on board now! How much BTC did you buy in 2010???

The way I see it is the players that wanted this fork have enough resources to inflate it temporarily. If they had enough resources to spin up 4000 nodes on AWS (by a single actor, mind you, that's super "decentralized") they have enough to buy everyone's BCC for a while to see if they can generate exactly what your experiencing...the "i'm gonna miss the boat"  syndrome.  The same way a large wall street bank might buy a ton of shares of something they want to pump up or that is perhaps failing in their heads.....to get other people to go...hey...look at that thing, it's going through the roof, we better buy too. However, that can only last so long before they make a choice as to harden their position or cut their losses and return.

Only time will tell if the price will stabilize, drop, rise. It's not predictable. If enough people think their alt coin is viable...then time will show that and the price will rise. If you think it's going to keep going up...by all means then you should buy some.
The players involved aren't stupid, and they seem to have at least some sort of longish...well at least not short term....plan, as any smart entity would when wanting to create a fork, a sustainable fork. Anyone can create a fork, I can make a new fork and mine my own blocks. The question is ... will anyone follow.

Trading on exchanges isn't a real good indicator, they can move their own coins around making look like tons of trades, which also inflates the price. Time is the only true indicator. I know,..... probably not the answer you were looking for.......

I need technical people help me with this.
Since the initiation of the fork, the price of BCC keeps increasing and now it is nearly half of BTC.
Is there a possibility of BCC getting to the price of BTC and become stable at that price or it will drop after it gets higher.
I am really fascinated by the way the price is increasing and I don't want to be late