Why is the price of BTC still so high eventhough BCH is going up

marcuslong

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Quote from: AbbyS on August 02, 2017, 05:46:31 AM

It does not make any sense ...
the coins are doubled and 300-600$ is added to the value
does not make sense imo

Yes it always make sense when it comes with bitcoin the price will never be stable it will always comes with the price changes and price will increase or decrease depends off the holders and investors and also the users the demand of bitcoin keep growing and the users it self always looking for something new.

Appuned

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Quote from: yrreg ger on August 05, 2017, 12:56:19 AM

Maybe its like this. Because the number of btc has lessen, the price went higher. On bcc, since it has few numbers, and the first thing they do is let the receive bcc the same amount of btc in it, based on internet. We don't know how much bcc has been in wallets as of now, they consider it as demand and maybe a lot of them are on the account, that's why prices go high because they think those are demand. Nice strategy to make.

I think the BCC has more numbers than the BTC as the blockchain is longer.

Kyraishi

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Quote from: AbbyS on August 02, 2017, 05:46:31 AM

It does not make any sense ...
the coins are doubled and 300-600$ is added to the value
does not make sense imo

I really don't think that it doesn't make sense.

When this happens it just means that bitcoin is going up even more than it should be. If you think about it, when bitcoin is stable but BCH goes up, in theory bitcoin is actually going up as well.

But this correlation between BCH and BTC price isn't going to last forever. Even though it's an airdrop there is only going to be a certain amount of time when the two currencies have an inverse relationship. BCH is already recognized as an altcoin more than it is a fork of bitcoin. In the future, BCH is going to be something similar to clams, another coin issued by blockchain snapshot.

aTriz

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Since the demand for Bitcoin is still pretty high, the price is high. Bitcoin cash has split from Bitcoin and the goal was to move people from Bitcoin to Bitcoin cash, but this didn't work since the community behind Bitcoin, didn't really support Bitcoin cash and didn't move over.

Since the supply for Bitcoin has also diminished prices went down. Now it is at 3.1K and it looks like it might even reach 3.5K by the end of the week. There has been a huge pump recently and this is the result of it.

yrreg ger

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Maybe its like this. Because the number of btc has lessen, the price went higher. On bcc, since it has few numbers, and the first thing they do is let the receive bcc the same amount of btc in it, based on internet. We don't know how much bcc has been in wallets as of now, they consider it as demand and maybe a lot of them are on the account, that's why prices go high because they think those are demand. Nice strategy to make.

jc89

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Quote from: AbbyS on August 02, 2017, 05:46:31 AM

It does not make any sense ...
the coins are doubled and 300-600$ is added to the value
does not make sense imo

It actually makes sense. Bitcoin is in demand that is why its value is going up no matter how many altcoin will come out. It just prove how much faith people have in bitcoin. And bch price have nothing to do with btc's so it has no effect. And of course they have different investors and traders. Not all btc fan invest in bch (like me).

error08

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Bitcoin price won't influenced so much just because bcash launched to the market, bch just another altcoin which used for trading.
On the other hand, bitcoin really has many supporters around the world, being used for various purpose which called usability.
Accepted as a medium of exchange, you can buy foods and goods, even people in Japan can pay daily expenses such as electricity using bitcoin.
https://news.bitcoin.com/japanese-pay-utility-bills-bitcoin/

Cranidos

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Quote from: AbbyS on August 02, 2017, 05:46:31 AM

It does not make any sense ...
the coins are doubled and 300-600$ is added to the value
does not make sense imo

Bitcoin is not concerned at all if BitcoinCash pump or dump. It is an altcoin that depends on the supply and demand on the market so it can pump and dump all it want. It will make sense to you if you can understand the law of supply and demand.

DrGuns4Hands

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there's no split that happen that's why the price of bitcoin still high there's no big dump gonna happen this month but maybe in november we can see a big dump after that before the end of the year btc price will pump again. i don't like BCH that much because it's just a copycat of btc with some improvements but idont think people will gonna go with bch because technically bitcoin is my main cryptocurrency.

kidoseagle0312

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Quote from: maokoto on August 02, 2017, 07:29:34 AM

Makes sense. Came here looking for answers, as I thought everybody will dump their BCC hard as soon as they have it and seems the opposite is happening.

But yeah, there is not so much people with BCC right now. That is the point.

as we all know, for what is happening now unto it was just a hyped and Pump only to get the attention and attract people to buy BCH/BCC.
unlike in bitcoin it moved in the right process and right long time process before it reached the value it has right now. And you're right! there are few people only buying BCC, because still majority of the community of bitcoin chose to remained to hold their coins BTC.

jtipt

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Quote from: AbbyS on August 02, 2017, 05:46:31 AM

It does not make any sense ...
the coins are doubled and 300-600$ is added to the value
does not make sense imo

BCH is just an altcoin, it doesn't matter now if it was forked from BTC. As long as demand for BTC is same and hasn't dropped or if people aren't dumping BTC then there is no reason for it to drop in price. On other hand BCH's price will start dropping as soon as most of the BTC users decide to dump their BCH.

Appuned

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Quote from: CryptoPro3 on August 02, 2017, 03:55:40 PM

Quote from: xIIImaL on August 02, 2017, 03:30:30 PM

Quote from: CryptoPro3 on August 02, 2017, 02:46:15 PM

This is dumb... the complete obvious answer as to why BCH is going up is because exchanges are simply NOT allowing deposits of BCH yet, so every single person with their BCH in cold storage are not able to dump yet. Looks like we were better off simply leaving our BTC on the exchanges during the fork because those who did will be able to cash out their BCH at the highest price.

There is no option to sell the BCC as of now due to unavailablity of wallet or other deposit options. Everyone expects the hard fork on yesterday but price is still around 2700$ or even more.
So people are not fear about using bitcoin now and using it freely even transaction seems good like earlier.

If you're BCC is already on the exchanges, you can sell. You just can't deposit BCC from cold storage to exchanges currently.

Some exchanges accept the BCC with only one confirmation. So you can still sell fast.

richkellj

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Quote from: AbbyS on August 02, 2017, 05:46:31 AM

It does not make any sense ...
the coins are doubled and 300-600$ is added to the value
does not make sense imo

Makes sense if you are watch the game from a near because if you invested $100 USD so later you will see these $100 into $500 because the price is going upward while people are willing to go for bitcoin therefore price of bitcoin unstoppable in these days so I would like to say that sense can be able if you are able to do with your mind as well because it is all about mind game.

Caladonian

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Quote from: Wind_FURY on August 03, 2017, 09:46:43 PM

Quote from: AbbyS on August 02, 2017, 05:46:31 AM

It does not make any sense ...
the coins are doubled and 300-600$ is added to the value
does not make sense imo

Maybe the BCH pump was supported by fiat purchases directly and also the selling of altcoins for Bitcoin to buy Bitcoin Cash. All the value maybe came from fiat and altcoins.

those who wants to take advantage and knows how to manage risk are the one who's buying bch i don't believe that it was the real supporter of btc
since it showed up that even bch already went out from btc the value still going strong and going up maybe new level before the end of the month
can be expect.

Wind_FURY

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Quote from: AbbyS on August 02, 2017, 05:46:31 AM

It does not make any sense ...
the coins are doubled and 300-600$ is added to the value
does not make sense imo

Maybe the BCH pump was supported by fiat purchases directly and also the selling of altcoins for Bitcoin to buy Bitcoin Cash. All the value maybe came from fiat and altcoins.

john2231

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Quote from: cashodler on August 03, 2017, 05:55:29 PM

Thing that I wrote in another thread Can we see $50 ?, I think it's important to notice some possibilities, even thought they may be not true in the end.

Quote from: cashodler on August 03, 2017, 05:41:05 PM

Pretty soon (after segwit and hitting the new ATH) when whales dump BTC and pump Bitcoin Cash, because it will be much more profitable to mine. Even if BCC price was $1600 and after difficulty adjustments, it would be profitable by hundreds of percents to switch from BTC to BCC (try that on BTC.com mining calculator). Miners would be stupid to continue mining BTC. And as we know, BCC has no segwit, blocks up to 8 MB and adjustable difficulty and is the real bitcoin that Satoshi described. Bitcoin Core proved themselves to be childish, otherwise segwit was activated a year ago. And did u know that every major pool is actually getting ready to mine BCC, so they can start when the big things start happening?

When the segwit gets activated, BTC prices hits the new ATH and BCC price hits the low, there will be some fun, extreme dumping BTC and buying BCC, multiplying the money 10x or 20x easily for miners and big holders. Those who dumped BCC will regret it pretty hard, U AIN'T GOT NO HEDGE, FOOLS. If u don't believe, at least don't sell your BCC, or u will lose a lot of your money in the end, maybe everything.

Technically BCC is vastly superior and BTC improvement road map is a NO-GO. And also BCC is already done, no segwit, no hard forks, it's a coin that's ready to get mass adopted. People who understand Bitcoin Cash superiority now will make huge profit in the near future and by huge I mean really HUGE. Anyway, Bitcoin Cash sounds really good to me, really catchy, even for an average Joe it's more understandable, which is important.

But that's just my opinion, of course

, u know what, the more u know...

One message for short-sighted people dumping Bitcoin Cash, U AIN'T GOT NO HEDGE, FOOLS. AND IF U LOSE YOUR MONEY, OTHERS WON'T FEEL SORRY.

Why we will regret of holding bitcoin that actually already successful by many years and accepted by many merchant than bitcoin cash?
I don't believe in bcc which is still an altcoin and bitcoin will be still remain since the network right now is fast and the fee is less so i think we don't need to use BCC since bitcoin is much more useful and now more faster transaction and lesser fee if you are supporting BCC good luck for holding them for a long time and thanks for trying to encourage us but for me i stay in bitcoin..

duke944

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Quote from: cashodler on August 03, 2017, 05:55:29 PM

Thing that I wrote in another thread Can we see $50 ?, I think it's important to notice some possibilities, even thought they may be not true in the end.

Quote from: cashodler on August 03, 2017, 05:41:05 PM

Pretty soon (after segwit and hitting the new ATH) when whales dump BTC and pump Bitcoin Cash, because it will be much more profitable to mine. Even if BCC price was $1600 and after difficulty adjustments, it would be profitable by hundreds of percents to switch from BTC to BCC (try that on BTC.com mining calculator). Miners would be stupid to continue mining BTC. And as we know, BCC has no segwit, blocks up to 8 MB and adjustable difficulty and is the real bitcoin that Satoshi described. Bitcoin Core proved themselves to be childish, otherwise segwit was activated a year ago. And did u know that every major pool is actually getting ready to mine BCC, so they can start when the big things start happening?

When the segwit gets activated, BTC prices hits the new ATH and BCC price hits the low, there will be some fun, extreme dumping BTC and buying BCC, multiplying the money 10x or 20x easily for miners and big holders. Those who dumped BCC will regret it pretty hard, U AIN'T GOT NO HEDGE, FOOLS. If u don't believe, at least don't sell your BCC, or u will lose a lot of your money in the end, maybe everything.

Technically BCC is vastly superior and BTC improvement road map is a NO-GO. And also BCC is already done, no segwit, no hard forks, it's a coin that's ready to get mass adopted. People who understand Bitcoin Cash superiority now will make huge profit in the near future and by huge I mean really HUGE. Anyway, Bitcoin Cash sounds really good to me, really catchy, even for an average Joe it's more understandable, which is important.

But that's just my opinion, of course

, u know what, the more u know...

One message for short-sighted people dumping Bitcoin Cash, U AIN'T GOT NO HEDGE, FOOLS. AND IF U LOSE YOUR MONEY, OTHERS WON'T FEEL SORRY.

I'd say you were on crack but this scene is so fucking retarded you may end up right wtf knows.

cashodler

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Thing that I wrote in another thread Can we see $50 ?, I think it's important to notice some possibilities, even thought they may be not true in the end.

Quote from: cashodler on August 03, 2017, 05:41:05 PM

Pretty soon (after segwit and hitting the new ATH) when whales dump BTC and pump Bitcoin Cash, because it will be much more profitable to mine. Even if BCC price was $1600 and after difficulty adjustments, it would be profitable by hundreds of percents to switch from BTC to BCC (try that on BTC.com mining calculator). Miners would be stupid to continue mining BTC. And as we know, BCC has no segwit, blocks up to 8 MB and adjustable difficulty and is the real bitcoin that Satoshi described. Bitcoin Core proved themselves to be childish, otherwise segwit was activated a year ago. And did u know that every major pool is actually getting ready to mine BCC, so they can start when the big things start happening?

When the segwit gets activated, BTC prices hits the new ATH and BCC price hits the low, there will be some fun, extreme dumping BTC and buying BCC, multiplying the money 10x or 20x easily for miners and big holders. Those who dumped BCC will regret it pretty hard, U AIN'T GOT NO HEDGE, FOOLS. If u don't believe, at least don't sell your BCC, or u will lose a lot of your money in the end, maybe everything.

Technically BCC is vastly superior and BTC improvement road map is a NO-GO. And also BCC is already done, no segwit, no hard forks, it's a coin that's ready to get mass adopted. People who understand Bitcoin Cash superiority now will make huge profit in the near future and by huge I mean really HUGE. Anyway, Bitcoin Cash sounds really good to me, really catchy, even for an average Joe it's more understandable, which is important.

But that's just my opinion, of course

, u know what, the more u know...

One message for short-sighted people dumping Bitcoin Cash, U AIN'T GOT NO HEDGE, FOOLS. AND IF U LOSE YOUR MONEY, OTHERS WON'T FEEL SORRY.

duke944

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Because this whole scene is convoluted bullshit.
I tried to understand what to do get access to bcc and was unsuccessful. The right answer was to get all your btc on bittrex where they will credit you the bcc on the 1st. If you didn't do that your fucked, at least for awhile - long enough for it to dump I'm sure. Meanwhile the scant amount of bcc on trex is pumping due to low supply.
Stupid fucking bullshit as usual.

audaciousbeing

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Quote from: AbbyS on August 02, 2017, 05:46:31 AM

It does not make any sense ...
the coins are doubled and 300-600$ is added to the value
does not make sense imo

It does not need to make sense to you. In short the whole market does not make any sense because based on our individual analysis, one would think the market will behave in certain ways but its always on the opposite which means that one cannot really predict the direction with enough accuracy rather we should just swing with the tide as we cannot have answers to everything at every time.

Topic: Why is the price of BTC still so high eventhough BCH is going up (Read 1977 times)