Topic: Why is the price of BTC still so high eventhough BCH is going up - page 3. (Read 1977 times)
August 02, 2017, 06:28:52 AM
The pumpers don't have much resistance as most of the people that actually own BCH can't get them onto exchanges due to the fact that the chain can't produce blocks fast enough. It'll probably take a few days until people can get BCH onto exchanges from cold and hot wallets and that will likely keep price going down for a bit.
August 02, 2017, 06:16:30 AM
Everything can be made sense of... even if there is little sound techs underlying that sense. Maybe one could argue that BTC should be $300 more than it is now, if not for BCC/H. It's still early days. Wait until BCC is in proper circulation and price settles.
August 02, 2017, 06:00:54 AM
Because the whole is greater than the sum of the parts
On the one hand we had a chain that had 1MB block sizes and Segwit locked in
Now we have that chain and a chain with no segwit lock in but 8MB blocksizes.
We have more than we had before - not the same, value should be incremental and there is no reason both cannot coexist - time will tell which is more viable and the preferred option of the potential customer base, but we are so early in the adoption of crypto that we are arguing over whether 45, 78 or 33 is the right rpm to play music at.
Or if you prefer this is like a court case from 1908 where the held a patent trial to decide whether you could put music on both sides of a vinyl record, and if not which side would you put it on.
On the one hand we had a chain that had 1MB block sizes and Segwit locked in
Now we have that chain and a chain with no segwit lock in but 8MB blocksizes.
We have more than we had before - not the same, value should be incremental and there is no reason both cannot coexist - time will tell which is more viable and the preferred option of the potential customer base, but we are so early in the adoption of crypto that we are arguing over whether 45, 78 or 33 is the right rpm to play music at.
Or if you prefer this is like a court case from 1908 where the held a patent trial to decide whether you could put music on both sides of a vinyl record, and if not which side would you put it on.
August 02, 2017, 05:55:26 AM
It does not make any sense ...
the coins are doubled and 300-600$ is added to the value
does not make sense imo
the coins are doubled and 300-600$ is added to the value
does not make sense imo
The demand is higher then the supply = price increase.
Why is the demand higher and supply low? People who had their bitcoins in cold storage arent able to get their BCH / BCC on exchanges yet.
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
the coins are doubled and 300-600$ is added to the value
does not make sense imo
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