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.
They can't dump BCH right now. This chain makes no blocks since 9 hours! Exchanges stopped depositing and withdrawing.
That's why you see this high price of BCH. As soon as this chain is able to create 6 blocks per hour, which can take a long time before it happens, people will probably dump that shitcoin into oblivion. The higher the price now gets, the faster the guys wanna dump it.
And Bitcoin is holding because Bcash/BCH is just another altcoin and could give you free money, meaning more BTC.
Simple is that.
There have been 12 blocks mined since the hard fork. And yes, I believed that if the chain was able to create 6 blocks per hour there will be a surge in dumping this altcoin. And there are still not claiming this 'free coins" and just holding and observing from the background. But once everything is clear, another wave of dumping will occur pulling the price further.
My theory is people {pumpers} are just moving coins around on exchanges that released coins to their users. Most exchanges do
not accept BCC deposits yet and even if they do, this will most probably bankrupt them. { People dumping BCC for Fiat } The
pumpers cashed out before the event to enable them to manipulate the markets. { They will pump the price artificially and then
dump to take profits. }
Most BCC holders are still busy figuring out how to extract their BCC, so a flood of coins {supply} will come.. when they have done
that. { By that time, pumpers would have cashed out at a high price }
This is what I'm saying, there are still who do not want to extract BCC/BCH for the fear of losing his BTC. Good example is this guy losing 45 BTC in his wallet,
https://bitcointalksearch.org/topic/release-the-hounds-458-btc-stolen-electrum-walletcom-criminal-sticky-pls-2059967And there are a lot of threads going around seeking help on how to claim BCC/BCH in their Electrum wallet so I believed they will cash it out as soon as they got it. And Exchanges as well are not accepting BCC/BCH for now. I do think that the price could go down to $200 at least when everything has cool down.
