BCC faced $1200 on bittrex a couple of hours ago. Interesting point with this is that bitcoin price was not affected by this huge air drop. I just can't understand this. Under normal conditions, bitcoin price should have been dropped hard. But it didn't.
yes, i was watching BCC from the time it is active on yobit.
It crossed 0.4 from 0.1 then now it's fluctuating in between 0.3 to 0.4 but i think it's because Bitcoincash is still not yet ready to make transactions.
So far from the time , almost from 24 hours BCC got split from BTC has only three blocks mined officially (3 confirmations only) so whatever BCC present on any exchange, only those amount are getting traded.
I think once the BCC chain gets more flexible and confirmations gets fasten by letting people transfer their coins here and there , the supply on exchanges will be huge and the price will definitely fall.
I am pretty sure the supply is plentiful right now. Many people trying to get rid of theirs. Block rewards don't really affect bitcoin prices at this point, since the inflation is quite small compared to changes in demand (people investing).
Trading bitcoins, if you don't need the money, is usually about investment. So if you are dumping your's Bitcoin Cash coins or buying them, it means that you have a prediction about it. If you have no idea about where it will go, or no hunch at least, then you either trust someone else's judgment or you shouldn't be trading. And I think it is safe to say that nobody can know about where the prices will go.
