Bitcoin Forum

Ended up loosing big money today, BCC started rising like crazy, brought 37 BCC's (some @ $530 and remaining @ 0.233 BTC) on kraken.

It went all the up to $811 on kraken and now falling endlessly, $310 at the time of writing this post.

My net balance of over $23000 is down to less than half at a little over $11,000.

First of all, why did you buy BCC with $23k lol?

Serious advice: sell the BCC and think of it as a lesson.

You bought something everyone is getting for free for $500+ which is the foolish move you have made. Don't expect price to recover to that level but you can wait if you like holding all those BCH you have. But I don't think you will be able to recover all those losses completely.

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good luck.

tbh you shouldn't have bought BCH, It is a coin that can be acquired by everyone for free and im pretty sure the supply is so much, though I can't really argue with you since you already did bought bch, all I can do is good luck, hopefully reaches the price that you bought it for and get your original money  :(

Same here :( i bought at 0.36 . and now it is 0.20 .

But im not sure to sell it now or just wait.

It was a scam.  

what made you to buy at 530? this can go pretty deep.

Damn...

It's looking like that. The guys that promoted BCC/BCH made out like bandits from the fork.

The support for this coin is probably going to be under .05 to .10 BTC.

i'm buy $299 but growing first i wan to buy more

It's only going to get worse when everybody else can get their BCC/BCH on exchanges and actually dump them.

I hope I'm not the last one!

It is like its raising atm ..  ::) ::) ::)

Jumped nearly $100+ in past hour, this thing has legs for a second wave in the coming hours..watch! Then dump again lol

what's wrong with you? it's a pump dump altcoin. better sell it before it's too late. once bch starts hitting exchanges, it will be dumped. the value will go down to single digits.

Yes most of the people are going to dump it and earn some good money with these free coins which unfortunately you bought and put so much money in. In fact people were waiting for this moment to come when they get bitcoin cash for free so that they can dump it and make some money. I can't predict it's future but it's present doesn't seem to look good.

It was around 750$ when I noticed it last. Are we getting in that amount of people to BCC. We need to wait for some months to verify it. How the status will be increase in future. I don't this to compete with bitcoin at anytime and it will be altcoin along with other alts.

It's reportedly losing its hashing. If it was me I'd cut my losses and put it down to inexperience and a bad trade.

This is like watching a game of hot potato.

Will it hit $750+ again, may find out tonight, wouldn't be shocked if it did. Up $150 now on kraken in last hour.

I just did, -$69 , nice number though ... lolz .. But yeah, i put it down to inexperience and a bad trade, lesson for the next time :)

Bruh, real talk for a moment.

Why in the seven circles of hell would you ever buy $23,000 of BCC? It was bloody obvious it was going to be a trash investment and it was going to dump after it was released because everyone got their hands on it. This is something you should have seen coming if you were looking at the community beforehand.

BCC was something built to be a dump, and now you're going to have to deal with that. I don't even know if I have some BCC lying around but I'll see if I can cassh in on this scheme.

Holy moly I didn't think that there were going to be some people who would actually buy into BCC.

There is nothing you can do now,the best thing you can do is to wait for sometime and see how the values goes,if you really check the markets where they are listed,only bittrex and kraken had these mad rallies,but the rest of the exchanges had a stable price when you check coin market cap,i never sell coins at a loss,but the risk is higher here,either you can wait for a while or sell off at a loss .

"never sell coins at a loss"

Exactly, HODL and youll get your money back eventually...err hopefully, maybe tonight even :)

what exchanges are offering BCH besides Kraken and Bittrex? Should I be investing some money into btc to get bch? never payed that much attention to BCH, always seem like a dead end of btc.

You have done a great mistake by buying BCC which has been freely got by BTC holders.Its totally a foolish act.Now,just sell your BCC as fast as you can as there is no chance of price recovery.Its just a pumped coin and soon its getting dumped by its holders.

Most of member who have it for free, while you buy it over $23k? are you a newbe trader, or youre a gambler? It is so big risk to invest in bcc while its a new comer, everyone still studying its movements, and what if its have a relation with bitcoin. Never trust the new comer so quickly. Well I hope you have a good luck, so you can see the pump again and take some profits. But for long term, its so risky and dangerous thing for your money. Think about it dude.

He totally had the right idea actually, he just didn't exit in time and if he did he would have been up. I did this as well and timed it properly, and turned 4.5btc into 8.3btc..

That was idiotic to trust something like BCC even after being told hundred times on the forum. There were so many threads regarding investing into Bcc and the conclusion was clear that one should not invest into it. Anyway you could just wait and wait for long until it comes up. Don't do panic selling now let the value increase to little more at least.

This is so wrong, never buy in any position without setting a take-profit and stop-loss price, even the billion investors have stop-loss when entering a position, the "never sell at a loss" idea is simply a joke.

This is really crazy. I checked the exchange rates in Bittrex, and right now it is going at 1 BCH = BTC0.34650000. In Cryptopia also, the rates are quite high at 1 BCH = BTC0.25856500. But still the spread between the two exchanges is very wide.

So far these 2 platform does not allow deposit of BCC, so all I can say is the price from a closed market isn't meaningful. ViaBTC, the only exchanges I was able to deposit and sell my BCC, the price is at 0.155BTC/BCC now.

Damn we got some noobs hanging out here ;). Yeah dude don't trade with emotion. Read my blog priceslide.wordpress.com and get some insight and tips.

It's pretty obvious that there was gonna be another big rise tonight. The exchanges won't enable wallets for days. FREE MONEY YAA!!!

Oh.. OK... So that may be the reason why the rates are quite high in Bittrex and Cryptopia. I guess the deposit feature is not working in YoBit as well. The rate is around BTC0.311 right now (close to $950 per coin). 

BCC holders were waiting to dump their BCC since yesterday because the deposit and withdrawal were all disabled or restricted by exchanges and bitcoin wallet providers. It is really a pump and dump altcoin yesterday it was $430 now it became $300 or lower i haven't look at the price yet. People should really convert it before it loses value in the market while on other hand bitcoin price will be unstoppable and will continue to surge there should be only only one main crypto currency. Im planning to get bcc then convert it to btc, i wonder if bittrex is a good site.

Its up $250 the last 11 hours.

If you held you would have made money on the $530 purchase, how do you dump a coin your in at a loss on within 24 hrs?

There has been no major dump as far as the BCH is concerned. Check the charts from Coinmarketcap:

https://coinmarketcap.com/currencies/bitcoin-cash/

The prices have been more or less stable for the past 48 hours, with the BTC vs BCH exchange rates staying at around BTC0.16 to BTC0.17 most of the time.

I started noticing at at around $370 and was skeptical about buying it, however soon I saw it rising and rising and rising, it went up to $1300 on Yobit, and over $1100 on Coingeeko, this tempted me to jump into the game and buy more and more of it, till the time I ended up spending all my $ balance, my ETC balance and my BTC balance.

WTF were you thinking when you bought BCC with a huge $23,000? Deym! That must be one very wrong move! You could have at least read some comments here whether it is wise to buy BCC this time. You could have learned some tips. BCC is good for dumping, at least for now. I don't know when it will rise again.

It's still rising everywhere else then Kraken, on Yobit it's $950 right now, I wish it rises to a point in Kraken where I could make even with the losses and convert it back to BTC.

it's at $425. now on KRAKEN 4:36am est... seems to be on the up again... try and sell some as it rises to recoup... 
You never know, it may spike again B4 Aug. 10th... Good luck !

Somehow BCC looks promising,
it has so many users as BTC, so the community is strong.
It is just couple days and visiting Mars,..... I have to monitor the situation as crypto is having many hype and unpredictable

Pump is better :)

Yes waiting for the same.

Unfortunately, Kraken was the first one to announce BCC credits to BTC balances and I moved all my BTC's from Nova and Yobit to Kraken, the coin is doing great on both Nova and Yobit, however it's insane the way it's acting on Kraken.

Now price is going in right way. When will you all learn that there is nothing bigger then bitcoin. When did some coin went more then bitcoin and stay there. Answer: Not a single one.

Reading post here that some bought when it was 0.3. Xaxa classic one. When i saw i got this i sell immediately and not look back at all.
Sell while you can price is going on 0.03-0.05 which is for me realistic price for single one if not even lees then this one.

Experience traders or crypto enthusiasts wont see it
but i wonder if newcomers come in, can they discern the difference of BTC and BCH
and which one would they buy. Maybe the cheaper one thats why the price .... https://www.coingecko.com/en/price_charts/bitcoin-cash/usd/  ;D ;D ;D

I think the price will have huge moves in the coming weeks and then it will find its trading range. This is so interesting! We are the part of something very big

Well to be fair it's not bad if they bought at 0.3 and sold it at 0.45 when the pump at bittrex happened. If they still held after it went down again well too bad for them.

When all exchanges open the deposits and withdrawels it probably will go further down, maybe not, who knows.

It is a bad idea to buy bitcoin cash when the market is not yet open for deposit. It will still be a wild ride until the deposits are open. Some bitcoin users who stashed their bitcoins on offline wallets are eager to dump their bch/bcc and are just waiting for exchanges to open their deposits for bch. There will be more bad news for op when it happens.

Haha just by not have more knowledge and good calculated make them loss, however if not have them on market, the price of Bitcoin Cash in past day can't touch to $1000 and make surprise for us. ;D

Now I won't buy it anymore too, but if you've played the first day right you got a nice bonus on bittrex...