Topic: Why does BCH have any market capital at all? (Read 949 times)

BCH only use is to give now life to old redundant bitcoin mining hardware
There is enough people waiting to dump, no bottom found yet. Hashrate is way down too 450 peta vs 6 Exa hash for bitcoin

Seriously? The whitepaper says,


The Bitcoin Cash chain is way behind the "correct" bitcoin chain

I do not have a problem with competition, just look at the number of coins competing against bitcoin, the problem is how this was done, while in open source software you can fork a project if you want, the timing seemed very suspicious, it seems to me those miners that forked wanted to take advantage of this moment of uncertainty in bitcoin in order to try to destroy it and impose their view and it seems they have failed.

That is a really good dream, i am not looking for any competition but let the better technology win the race. It is good to have opinion about different methods and ways to scale and if you are not happy with one method you have the capacity to gain traction,so be it.
The reason for the market capital of BCH is simply because there are people willing to purchase the coins.

Agreed, a lot of people still aren't able to access BCC from their wallets or exchanges yet. Once the people who want to dump have their opportunity to execute we'll start to see the true market price.

Chinese money and hype are keeping Bitcoin Cash afloat. This can't go on forever though. If there is no utilization aside from pure speculation SegWit2x will be the real deal. As expected 

Speculation, even if something does not have any value in itself as long as people are willing to buy it, then it must have a price higher than zero, when you add, big whales, crypto and a bitcoin fork then it is bound to be some wild speculation and that is exactly what we are seeing at the moment.

BCH (bitcoincash) is just a vapor and its price is not the real one because most of the bitcoincash is still outside the exchange platforms that have distributed BCH token internally.

Wait for few more days, BCH price can go way below $100.

Maybe this is part of a Roger ver plan that wants to master all the money investing in this coin, maybe someday there will be a bigger game if a lot of people who support and buy this coin, they will make more and set the strategy with There is his big Dump from the BCH coin owner.

I like your explanation.

Yeah ,I can explain you this thing in a better manner .
First of all the value and prices of the coin doesn't depend upon signal factor , so don't forget to consider here another factor .
First of all don't forget that the owner of the blockchain and its team are successful and better in condition to make the network better and best , so they are doing are known by then exactly is what .
Here you can see the technology of the Bitcoin which is king of the market and also here the new coin is totally separated from from the blockchain and have no connection directly .So it is usual thinking that technology of the BCH coin will be more improved .
And also here not everyone got there BCH coin because most of them don't want get and few of them don't know how to get and also few sites didn't give the BCH coin yet to the users .
So overall here technology future making the attraction and increasing investment , and  limited amount of bch coin availablity is a big factor ( because of no moment innthe market , low confirmation speed 1-2 days ) .

There have been more blocks found the last couple of hours, I'm sure it will pick up some pace soon.
Just check here, it's a blockexplorer for BCH that works:
http://blockdozer.com/insight/blocks

Keep in mind that the price is likely so high because no-one has been able to actually deposit coins to exchanges, thus delaying the possible exodus.

Thanks for this very clear explanation.  Makes a lot more sense now.

You have that backwards...

As Variogam indicated, the "market cap" is the current price multipiled by the number of coins in existence.

Furthermore, there is no actual "Market Capitalization" for cryptocurrencies.  That phrase has no real meaning when talking about a commodity or currency.  It is a phrase that applies to shares of a company or business.

However, people who buy-and-sell cryptocurrencies as a speculative investment often like to think of their coins like a stock, so they multiply the current exchange rate by the total coins created so far and mistakenly use the words "Market Capitalization" to describe the result.

Here's an example:

Lets say I create a brand new crypto currency.  Lets say I create and give out to 1,000 people (including you) 100 DannyCoins each for free.  The total number of coins created so far is:

1000 people X 100 free coins each = 100,000 total free coins.

Now lets say an exchange lists my made up coin, and you offer 1 DannyCoin for sale on the exchange.  Lets say someone that doesn't have any DannyCoins yet buys that 1 DannyCoin from you for $50.

The total amount of fiat invested so far in DannyCoin is $50.

The market value (exchange rate) of DannyCoin is now established at $50.

The value of your remaining 99 DannyCoins at the current market rate (for as long as $50 remains the current market value) is $4950 .

But the "so-called" Market Cap is:
$50 X 100,000 coins = $5,000,000

So, with only $50 in capital "invested" in the coin, the "Market Cap" is $5 million!

BCC biggest scam ever. However, that does not mean you should not hold it to a best price and dump it onto noobs who want to buy it.

The price is high cause there s no place to sell it. Bittrex still does not accept BCC deposits, Polo does not accept it at all. Once the dumping starts, we ll see what s its rate.

BCash is the coin of old school Bitcoin purists. Roger Ver alone can use his wealth and lock BCash's price at around $200 or so, and Roger Ver isn't alone.

It's easy. People love to speculate, and they found themselves in a position to speculate by basically doing nothing. The coin will pump, and once it has pumped enough, whales will dump, and it will be ugly if you still didn't sell your BCC.

Im still holding all of my BCC, and will continue to do so while it pumps. This doesn't mean I support BCC at all, it just means im speculating just like most people, before the time to dump for real BTC comes.

This was just a 'copy' of Bitcoin. So now there are historic BTC and the new BCC(BCH).

These new can be traded as any altcoin could be, and people can decide about a price. Free markets!

From this new price you can calc a new market cap for BCC.

Read the Bitcoin whitepaper

No, it is just price per coin * total coin supply equeals market capital.

There is no 40 billion stored in Bitcoin as well, if you buy Bitcoin with few million USD, the price per Bitcoin might change to increase Bitcoin market capital by billion!