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Author Topic: Valuation of Bitcoin hard forked coins; specifically BCC  (Read 812 times)
deisik
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July 26, 2017, 05:41:43 PM
 #21

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?

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

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

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
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July 26, 2017, 07:52:24 PM
 #22

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.



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