Bitcoin Forum

On Aug. 5, less than four days after the Bitcoin Cash (BCH) hard fork, Bitcoin price surged drastically within a 24-hour period, recording a new all-time high at $3,212.

Previously, Bitcoin price broke the $3,000 mark mostly due to optimism surrounding the activation of the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated Witness (SegWit).

However, shortly after that, a major market correction led Bitcoin price to fall to $1,900, and it stabilized at around $2,500 amidst uncertainty regarding SegWit and the execution of the BCH hard fork, which was initially proposed by Bitcoin mining equipment manufacturer Bitmain.
https://cointelegraph.com/news/bitcoin-price-explodes-to-3212-new-all-time-high-factors

I'm hearing reports that over 70 large hedge funds are preparing to enter the cryptoshere. They were waiting on the protocal upgrade.

Where have you heared this? Insider info or do can you post a reference link ?  :)

I think the price rose becasuse everyone sold their BCC for BTC as soon as exchanges allowed deposit for BCC. Thats why the price has goone up now. I think after the update we will see a seconed jump because faster tx.

As you can see on coinmarketcap.com (https://coinmarketcap.com/), prices for most cryptocurrencies have gone up except Bitcoin Cash. ;D

And Bitcoin cash will go down even more, it is a shitcoin pushed by whales, but now the push is over and it is dumped by everyone  :D

I think it is a good sign that even very mighty companies and whales are not able to replace BTC with a centralized version to gain more power.

Needs citation, but that would definitely be some interesting news if it is true. I wonder how they're going to enter if the Winlkevoss ETF was denied repeatedly, however. Might be a bit of a hindrance to the entry of the hedge funds into the market if they have to go through similar application processes in order for them to start trading with cryptocurrencies.

As it should be, BCC is a waste of space and money. Not worth having it as a listed coin, really, since there is so little demand for it and it is only slightly better than a speculative token now.