Bitcoin Forum

BCC is currently shown at a valuation of 0.2 BTC on viabtc's futures market. Is this an artificial valuation or indicative of the actual value of the hard-forked coin?

It is a WAG since the asset does not exist yet.

BCC is a topken being traded that has no real value since the crypto simply doesn't exist. It is "supposed" to go live after the fork but it's also relying on people buying it and saying "no i don't wanna change bitcoin you listen to me". Honestly BCC could work since there would be fewer people using it meaning smaller fees and faster transactions with next to no queue, but it's also stupid because this is capitalizing on people just not wanting to fork. They gave it a different name, kept the code and are going to exploit those who don't want to see a change.

Bitcoin Cash will be created on August 1st as a 1:1 fork of Bitcoin.  You can read their ANN thread here (https://bitcointalk.org/index.php?topic=2040221.0).

Currently, the value is not real, because Bitcoin Cash does not exist yet.  Personally I would refrain from trading it until it's released, in case it doesn't happen (just like Bitfinex trading BTU futures), and in case was overhyped.

It seems likely that right after the fork, a lot of people will dump their Bitcoin Cash to try and get more BTC, and the price might go down.  This is especially true since a lot of online wallets and exchanges are ignoring it and keeping large amounts of BCC to themselves.  Personally though, I'm going to hold it alongside my BTC as a hedge.

That is ridiculous. I don't think that BCC will ever become worth more than BTC0.02 (which is more than the current prices of Litecoin). And you can't trust ViaBTC, because if I am not wrong, they are one of the supporters of BCC.

Prices of all coins are determined by supply and demand and since this coin does not exist in real there is no real price. The only thing we can do is wait and see what will happen. We should wait till supply and demand determine the price. I myself speculate the price to be very lower than 0.2 BTC.

Litecoin's circulating supply is currently about 3.25 times the circulating supply of Bitcoin.  Its block time is 2.5 minutes instead of Bitcoin's 10 minutes, while its block reward is the same, so Litecoin's coin limit is four times that of Bitcoin.

Bitcoin Cash is a 1:1 fork of BTC, so if Bitcoin Cash had the same market cap as Litecoin, its price would be more like 0.05 to 0.06.
Judging a project by its supporters is never a good idea.  You should judge it based on the ideas it actually presents, and in this case, the speculative value that you think it can achieve.  Personally, I think that BCC's speculative value could grow higher than its merit.

You may be wrong in the future,have you gone through what they are doing,it is a fork that can be done with bitcoin and since the core does not need those things they went with segwit and now we have a new competitor to bitcoin in the form of BCC,let us see how much support they will be getting in the end and which coin prevails.

I don't really think these quotations are indicative of anything

Or informative of anything which would be worthy of serious attention (beyond just idle curiosity). Let's not forget that ViaBTC exchange is the same entity which created this Bitcoin Cash in the first place. That basically means that they can doctor the prices as they see fit. As to me, if this coin got somehow listed on any major exchange like Bitfinex, Btc-e, or Bitstamp, it would be quickly and irreversibly crushed to dust in less than no time. It people would use the proceeds to buy genuine Bitcoin

I still think true hard forks should be treated similar to stock splits where the supply doubles with value decreasing by half.

With a crypto split there would likely be additional chaos and price devaluation. A crypto split is like microsoft splitting into 2 separate, smaller, entities then battling to the death to determine who survives. The split isn't on friendly terms. Its counter productive and wasteful. And it could be accurate to say a split is motivated mainly by greed and usurpers attempting to gain control than it is by good intentions.

A hard fork is essentially a civil war. There's a reason the price of btc falls massively everytime a fork is threatened. The savvy investors know what a fork means and it doesn't imply anything good.

I wouldn't treat the hard forks like stock splits

And still less so which lead to an emergence of two competing chains. When a company's stock is split, it is still the same company behind the stock, and we could expect both stocks to rise in due course if the company remains profitable in the future. Even if a company is ruled to be dissolved and split into a few separate companies, they still try to avoid cut-throat competition because people behind these companies are in most cases the same people that controlled the mother company like it happened to Standard Oil in 1911 when it had been split into 34 companies with John Rockefeller still regaining some control over them

What makes BTC the best cryptocurrency right now is because it has the best minds working on the protocol. The hard fork to BCC wont get the support of those developers. I think it will show that BTC's value isnt only about hash power. Its about coming up with secure code and the best solutions possible.

BCC will not be as valuable as BTC.

We will get his answer in one august later. I think after the split and the hard fork really happened. This will create discomfort. Certainly every coin must struggle to die. Of course between BTC or with BCC this will make the investors more panicked. I hope after a hard fork and of course there is a split. Will make bitcoin better. And I think this is a technique that aims to make bitcoin better lag. Of course all must begin with a longer process.

Viabtc has a right to list non existing coins in its market? All of you guys are saying bcc does not even exist and it shouldn't be listed. Does this mean a hard fork will happen on 1 August?

It's just a futures market. Look at the bitfinex (I think it was bitfinex) exchange where they listed Bitcoin Core against Bitcoin Unlimited futures.

By the way and something funny: Bitcoin Cash is now trying to use 2 already used tokens:

BitConnect uses BCC
BitcoinCore futures in bitfinex also use BCC

The confusion wil be big now that most tags are taken by other coins. Nobody can take BTC away from the original chain.

Yes it will. The people behind it have already decided that they will hard fork, and in fact they already have wallets available at bitcoincash.org for download, but I have not checked them out yet.

well said. this is all manipulation at this point and i find it very funny that they couldn't manipulate the price any higher or even keep it high enough. the price has been falling ever since it was listed on that exchange.
that just shows how big the dump and the fall will be if BCC is actually accessible. no matter what exchange lists it.

the fact that ViaBTC suddenly because an exchange whereas it was always a small mining pool who also sold cloudmining contracts is another manipulation open for discussion.

First off, there's no rule against doing what via are doing, and rightly so should be classified as futures. But yeah, I did wonder if they realise BCC is already "taken" by BitConnect. I won't be surprised if BCC gets bought up accidentally.

https://www.viabtc.com/convert/bcc

Basically, some people already got "access" to their BCC on exchange and started trading it, but it very easily might be just manipulation from Jihan. Also, futures trading in cryptocurrencies can be a very bad indicator fot the real price, like for example Zcash futures were trading for thousands of USD, but then got dumped into $50, and reached only a maximum of $400 during the May-June altcoin bubble. It's very likely that BCC will get dumped to very low prices too, maybe it will then get occasional pumps, but that's all.

evey about hardfork issue, always new statement about new bitcoin
before bitcoin cash, is issue new bitcoin is bitcoin unlimited
is good without split

They are part of the cartel

And ViaBTC may just be another entity that Jihan is controlling from behind the scenes, so his choice is pretty obvious. He is basically ready to sacrifice ViaBTC if things go massively awry with Bitcoin China Coin. But if they don't, his major toy, Antpool, can easily join the game at any moment. In other words, with ViaBTC the cartel is essentially testing waters, so if BCC fails in the end (which seems to be the most likely outcome anyway), they will just write off the expenses and likely call it a day for the time being

likely what will happen is, the price will shoot up real higher soon, some miners will mine it and make money. they may even make more money mining BCC.

but if enough people don't actually use it, that won't matter hehe.

Who knows what will really happen. Don't buy any BCC or BTC until we see what happens. Don't fear missing out on short term profit, Bitcoin in a decade from now will be worth tens of thousands of USD.

Just buy when you can if you don't have much money.