well bitcoin is still young despite being around for a while. and that makes its market still young and small too. because of it, this market can be easily affected or manipulated even with different news which sometimes makes people uneasy and causes wild reactions to the price, which then you see as the volatility.
but this doesn't make bitcoin any more unpredictable than it should be. we can still speculate about its future or even the short term fluctuations.
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it is a little hard to say. BCC doesn't really have the community support and the price of it will be the key factor in the near future to determine its long term future. as soon as people can make deposits on major exchanges to sell it, the price will crash without a doubt simply because of panic of crash and recovery from a crash takes time.
all this time miners won't waste precious time on little amount of money with a huge loss! there is a good chance they will leave and that leaves the chain vulnerable and that can simply be the death of it. imagine a couple of successful 51% attacks! and that can crash the price even more leading to more miners leaving...
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Is there still a risk that i can lose my btc or bch?
yes because you are using block.io which is a web wallet known to have some troubles in the past and i don't even know if it is trusted or not. and even if it is, you are still using a "web wallet" not cold storage! and why not just install the bitcoin cash wallet on another computer? even if you don't have another computer there are still workarounds like using a virtual machine or a linux live on CD or something like that. it is a lot better than using a little known web wallet!
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Thats what i see in the btc charts.
so far from yesterday when you made this comment price has been rising and now it is more than $100 above last day's price. and this was expected to happen actually. there is no reason for any pullback now. maybe another rise first then some pullback (opposite of what you said) as a correction. and with the BCC price crashing today even more money is coming to bitcoin.
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market cap is 100% meaningless! it is just multiplication of price and supply. and it is with all the 4 coins after bitcoin until LTC. the 72 million premine of ETH, the god knows how many billion coins of XRP and about 90% of 16.4 million coins of BCC has never reached the market. exclude the fake coins of altcoins and let the BCC deposits open and people be able to deposit that 16.4 million (of course a very small portion of it will ever move) and then compare market caps.
as far as i am concerned litecoin is number 2 in that list so far.
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the question should really be "how" do we dump this shit now "should" right now most exchanges have not opened up their deposits and on top of that the time between blocks is nearly an hour+ which makes any kind of possible deposit to take a very long time to fully confirm and you'll lose a very good high price because others are dumping it.
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it is an annual thing, it happens almost every year at nearly the same time. the whales get to work on it and start pumping everything and make a lot of money. this year because of bitcoin things got bigger.
first was the fact that bitcoin got a lot of attention with things like Japan legally adopting it. so it attracted a lot of money to this market and some of it robbed off on altcoins.
second was the fact that bitcoin started performing badly and that pushed some people to invest in altcoins and the advertisement that altcoin pumpers did attracted more of them.
finally as bitcoin started fixing the drama and started rising up smoothly again, altcoins got dumped and things went back to normal with bitcoin rising and one or two alts only get pumped once in a while...
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BCC has none of those things actually! BCC has the same blocks as bitcoin (~every 10 minute) LTC has 1/4 time (~every 2.5 minute)
BCC has huge blocks that if becomes full or spammed will eventually lead to centralization of nodes. and we know the spammers are around us. LTC has not been spam attacked severely because there was no incentive.
LTC has the SegWit and will soon have lightning network and that would be adding it to a big group of cryptocurrencies with LN an all will be connected and with a lot of benefits. BCC doesn't have this.
LTC fees are low. BCC fees have no reason to stay low specially since mining bitcoin is hard and in order for minder to make profit they either have to increase the fees or increase the price and only one of these is possible.
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the best investment is always going to be an investment in a real business, specially if you can be the owner of that business or in other words if you run your own thing. in that case you do really "make money".
other than that i think in many cases it depends on where you live. for example a couple of years ago the local currency where i live tanked and anyone who invested in things like gold and dollar,... made a fortune because of the bubble they got into which was a lot bigger than the currency value dropping.
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HitBTC is allowing Bitcoin Cash deposits and withdrawals. haha, i was saying this in another topic. let me say it in another way here: if you wanted to know which exchanges allow deposits of bitcoin cash then go to this link: https://coinmarketcap.com/currencies/bitcoin-cash/#markets and sort the list based on price in ascending order. the one with the lowest price are most probably allowing deposits.
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The result of the fork has been hugely surprising, giving BCC a price stability that shows .....
.... shows people are not yet capable of depositing their free BCC coins on exchanges to dump because the exchanges have not enabled the option for them. also one of these exchanges made the mistake of opening the wallet for deposits earlier and now the price on that exchange is $240 below the rest of the market
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Which exchanges are currently working at the moment with bitcoin cash?
take a look at this list: https://coinmarketcap.com/currencies/bitcoin-cash/#marketsOk I can see btc price hasn't been affected that much so when do we expect to see btc price to take a dip? Is it when peeps dump their bcc bitcoin cash?
we are expecting btc price to rise up then dip either after it reached $3000 once again and stay on $2900 ish or dip after it reached $3600 and stay around $3400-$3500 and if anything the "peeps" dumping the bcc bitcoin will go higher Ok i mean which exchanges now have the deposit function working for bitcoin cash? you have to have an account in each of these to manually check but from my accounts on bittrex, yobit and cryptopia i can tell you they don't accept any deposit yet. and as far as i know exchanges have not yet enabled deposits because the blockchain of bitcoin cash is very unstable right now. it needs to become stable and trusted then enable deposits otherwise there is a big risk for exchanges to lose a lot of money.
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it is because of the way their website is coded. this is a bug! btc-e is down so their API is also down, the API that preev uses to get the price in EUR from when you visit the page you linked so it fails and it can not show you the price. they should either remove btc-e API or they should change the code to ignore these cases when an API is not responsive. neither http://preev.com/btc/eur or http://preev.com/btc/eur/source:btce work because the fail affects the eur link too. but if you try the direct from Kraken link it works: http://preev.com/btc/eur/source:kraken(you can change these price sources from the upper right corner, the gear icon)
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Which exchanges are currently working at the moment with bitcoin cash?
take a look at this list: https://coinmarketcap.com/currencies/bitcoin-cash/#marketsOk I can see btc price hasn't been affected that much so when do we expect to see btc price to take a dip? Is it when peeps dump their bcc bitcoin cash?
we are expecting btc price to rise up then dip either after it reached $3000 once again and stay on $2900 ish or dip after it reached $3600 and stay around $3400-$3500 and if anything the "peeps" dumping the bcc bitcoin will go higher
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Last common block has been mined, which means that count for free BCH distribution is done.
Whales are selling their BTC as planned...
now i am starting to think you are not making a "prediction" instead trying to spread FUD specially with comment! and interestingly enough bitcoin price is still above $2700 as expected.
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it is way too soon to even begin to speculate about bitcoin cash future price and any number you see now is unreliable, they just listed it a couple of hours ago for gods sake. and none of them even have opened any deposits!!! let me put it this way. click here: https://coinmarketcap.com/currencies/lisk/and look at the chart, zoom in on April. this is a good example actually. by that time Lisk was not released yet. 2 exchanges listed it on their exchange for trading. the price went up because of it and was dumped as soon as LSK was released and people could make deposits. and remember it is up to you to dump or hold. i can't really tell you what to do. whatever you decide to do make sure to think about it well enough.
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Satoshi doesn't matter at all. specially at this point. the underlying technology matters. it doesn't matter what newbies think or understand they don't bring in anything to the game and whales can never pump things for eternity otherwise ethereum would have been worth $5000 by now instead of heading towards $100 and below. and the technology is what ensures businesses and merchants to adopt bitcoin. an unreliable technology which is untested and has a lot of problems will never be adopted. specially when it is created like this, from a war and by a force split. if it was a new cryptocurrency from the grounds up then it was a very different story. no adoption = no price with all that said, Craig Wright could have been Satoshi only if he never produced any signature. but he did. he used a fake signature!!! and that proves he is not Satoshi. otherwise the real Satoshi either never gave any signature until the day came or he gave a real signature not a fake one to begin with. ps: good artwork in this topic
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What do you think of Bitcoin Cash? Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?
i expect it to be just another altcoin but with a lot of noise. something similar to ethereum. in the near future as soon as the dumping slows down there will be a lot of spam on bitcointalk which will all the same theme of "BCC replacing BTC" just like it was "ETH replacing BTC" and before that it was "DASH replacing BTC" and before that another alt,.... and after some pump and dumps it will start it s downward movement. the reason for a price rise and sustaining that higher price is the real usage behind bitcoin. altcoins lack that. and that is why they are only pump and dumped and can never sustain their high price.
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i've had my theories about this which you can see in this board. but thinking about it more, i don't see it happening this way.
you see there is a BCC/fiat market and whatever amount of bitcoin anybody buys and receives the BCC equal amount they can sell directly to fiat. there is no need to sell for bitcoin then sell bitcoin for fiat. that is why it won't affect bitcoin price this way.
the normal fluctuations and whale manipulation is always present though. and i think the days of dumping are near the end.
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it is an altcoin just like Bitcoin cash. but the difference is that they didn't exactly build and disturb bitcoin's main chain. they instead made a new chain and cut it from bitcoin. and also they never had the money of bitcoin cash group to advertise and cause drama.
the other difference is their distribution method. to get your airdrops you need to sign a message and get manually funded with their tokens.
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