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Author Topic: How can BCC be worth anything allready?  (Read 596 times)
Justaguy2
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July 31, 2017, 06:09:11 AM
 #1

I don't get this, it started at 370ish $ so how can a new fork be worth so much allready??

Also as a sidequestion, when i want to cash in my BCC at what time specifically would be the best?
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July 31, 2017, 06:14:54 AM
 #2

People are speculating that it will be worth something. It's basically trading IOUs now which they will receive after the chain split.

It can drop or rise very fast when the real coins become available.
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July 31, 2017, 06:16:01 AM
 #3

Now it's trading like futures. Yesterday, after hardfork, BCC price go deep down, and price probably will be like 1-10$
Cash in BCC after price the 1st August, but I think it's doubtful investments.

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July 31, 2017, 06:19:13 AM
 #4

Considering the amount of people that are saying they will dump bitcoincash I don't think it will be worth much very soon.

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July 31, 2017, 06:23:01 AM
 #5

Considering the amount of people that are saying they will dump bitcoincash I don't think it will be worth much very soon.

That's what i am thinking.
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July 31, 2017, 06:27:12 AM
 #6

Considering the amount of people that are saying they will dump bitcoincash I don't think it will be worth much very soon.

this could actually play into the bigblockers hands, beware dumping your BCC

http://www.zerohedge.com/news/2017-07-28/bitcoin-civil-war-over

Quote
the most logical way to defend against the threat from a market psychology perspective is to hold onto your BCC even if you think it’s garbage. You have to understand that if bad actors want to make Bitcoin look bad and their alt-coin look good, price will be a huge part of their strategy.

It might make sense to not dump your BCC right away, which could let bad actors control the entire float. If you do that, they can then dump their BTC on the market while controlling all the BCC and ensure it goes up while Bitcoin drops. I’m not saying this is my assumption, I’m saying its possible. As such, hold on to your BCC to prevent them from executing this strategy. Then if BTC does drop as BCC rises, you have dry powder to take the other side of the trade. The risk in this strategy is that BCC crashes right away and never recovers and you lose that free money, but if that happens you’ll still probably benefit from a rising BTC price.

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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July 31, 2017, 06:27:30 AM
 #7

Considering the amount of people that are saying they will dump bitcoincash I don't think it will be worth much very soon.
Most of the people in this forum are saying that they will dump BCC. It increases the chances to pump BTC.

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July 31, 2017, 06:27:31 AM
 #8

I don't get this, it started at 370ish $ so how can a new fork be worth so much allready??

Also as a sidequestion, when i want to cash in my BCC at what time specifically would be the best?

it didn't start at $370ish, look at the charts for gods sake. it started at $900 and dropped down to $300ish.
the first price is what the exchange says it is, because there is no coin to put a sell order!!! ViaBTC decided the first price should be ~$900 so they placed a virtual sell order there. and idiots started buying and selling. and eventually because of lack of interest it dropped down. and will continue down when it actually releases.

and this is what exchanges do, they take advantage of a fucked up situation to make money. bitfinex still has BU tokens listed! and that is dead in the waters.
don't you remember what they did with Lisk! i believe it was Yobit which first listed it and started a market for people to trade and it didn't even have a chain, nor a released code yet.

suffice it to say this is not the real price, and as soon as it is released people will start selling to this price and crash it down.

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July 31, 2017, 06:56:01 AM
 #9

I don't get this, it started at 370ish $ so how can a new fork be worth so much allready??

Also as a sidequestion, when i want to cash in my BCC at what time specifically would be the best?

it didn't start at $370ish, look at the charts for gods sake. it started at $900 and dropped down to $300ish.
the first price is what the exchange says it is, because there is no coin to put a sell order!!! ViaBTC decided the first price should be ~$900 so they placed a virtual sell order there. and idiots started buying and selling. and eventually because of lack of interest it dropped down. and will continue down when it actually releases.

and this is what exchanges do, they take advantage of a fucked up situation to make money. bitfinex still has BU tokens listed! and that is dead in the waters.
don't you remember what they did with Lisk! i believe it was Yobit which first listed it and started a market for people to trade and it didn't even have a chain, nor a released code yet.

suffice it to say this is not the real price, and as soon as it is released people will start selling to this price and crash it down.


But it has nothing to do with market cap right? So there are not millions in this treasure. I guess it is logical to say that first the coin will plummet, then the big wales jump in to make it artificially go up. People will invest again because they think it is going to the moon and then it will plummet once more.

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July 31, 2017, 07:08:52 AM
 #10

Considering the amount of people that are saying they will dump bitcoincash I don't think it will be worth much very soon.

Sooner bitcoin cash will dump and became worthless as anticipated.
This coin is just a copy cut and it will not succeed with just small support of the community.
A shitcoin in the future.

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July 31, 2017, 07:10:24 AM
 #11

I don't get this, it started at 370ish $ so how can a new fork be worth so much allready??

Also as a sidequestion, when i want to cash in my BCC at what time specifically would be the best?

suffice it to say this is not the real price, and as soon as it is released people will start selling to this price and crash it down.
Yeah, I don't expect it to even sustain a $100 price. From all the posts that I have read on the forum, it looks like almost everyone is planning to dump BCC as soon as it forks or dump it after some time after getting a hold of the price and the market status.
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July 31, 2017, 07:41:47 AM
 #12

Maybe they got that idea from bitcoin since it is splitting with bitcoin and thought it must have some value. And most people are saying they'll dump the coin once they have it so I'm pretty sure this coin might be worth nothing in time or will be worth lesser than expected.

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July 31, 2017, 07:51:54 AM
 #13

I don't get this, it started at 370ish $ so how can a new fork be worth so much allready??

Also as a sidequestion, when i want to cash in my BCC at what time specifically would be the best?


It's a fork of Bitcoin, most of the rules of bitcoin applies on it and it already has a matured blockchain as it will share the same blockchain of bitcoin till August 1. Before they seperate the chain.

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July 31, 2017, 08:19:10 AM
 #14



Considering the amount of people that are saying they will dump bitcoincash I don't think it will be worth much very soon.



Oh gosh that is what I was looking for. Yes this is what gonna happen in August. There are however trading sites, investment funds which are accepting bitcoin cash and want to support it. But I'm thinking,  if no customer base created then how could they possibly stay profitable after the hard fork.

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July 31, 2017, 08:36:07 AM
 #15

Hope i get this right

BCC is something like a Bitcoin fork which uses it blockchain and tech but it implement extra things?

Just like how Litecoin fork Bitcoin source and edits its coin elements like total supply of 84 Million?

Is this correct?

Back to topic : IMO, price could be lesser as most people just hold because of the sake of getting free coins, once they get they will dump. Market Cycle

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July 31, 2017, 08:54:59 AM
 #16

I think Segwit didn't solve problems on BTC.
people will try BCC and if there is no transaction problems and speed all people will jump in to BCC
Also miners will change their side if this fork stable and fast


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July 31, 2017, 08:57:30 AM
 #17

Usually price goes down when asset hits the market, way down, you see some IOUs go down 10x or 15x when asset hits the market.

People should dump this coin making mining it simply not worth it for big miners, also it will probably get regulated by Chinese government as development and mining is located there.
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July 31, 2017, 11:24:47 AM
 #18

The price of the coin is always depending on the demand of the people in the site or market which the coin is available. It is all about bidding because if the buyers will set the price of the coin for the certain price then there is no other choice for the people to either sell to that price or dictates a little bit higher price than the buying price.

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