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Author Topic: Shall I dump Bitcoin Cash?  (Read 3077 times)
very_452001
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August 02, 2017, 09:00:23 AM
 #1

Its at number 3 now at market cap. I thought peeps will dump it to value 0 but looking at the price it shot up over 50%. Why price shot up? Is this a serious competitor threat to bitcoin btc itself? Are peeps dumping their btc for bcc?
What to do?
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August 02, 2017, 09:09:18 AM
 #2

The problem is that you can't actually dump it yet.  Most exchanges still haven't actually enabled deposits and withdrawals of it, including Bittrex last time I checked (wallet maintenance).  The clients for it are also pretty buggy and people are finding it difficult to split their coins.  It's understandable considering that BCH basically just popped up over the last few weeks.

So I do expect at least some kind of dump after BCH is easier for people to deal with - it's still being treated as "free money" by many considering that it hasn't really caused the BTC price to drop at all - but regardless, I'll be HODLing it along with my BTC.

It's basically a massive hype machine, so I would regret selling it a few years from now when there's a massive pump and everyone thinks that it's the greatest technology ever created.

Anyway it's no threat for BTC.  It's worth nothing in comparison and is accepted by about zero merchants. 

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talkbitcoin
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August 02, 2017, 09:13:44 AM
 #3

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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August 02, 2017, 09:19:34 AM
 #4

Which exchanges are currently working at the moment with bitcoin cash?

How about kraken exchange?

Ok 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?

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August 02, 2017, 09:28:36 AM
 #5

Which exchanges are currently working at the moment with bitcoin cash?
take a look at this list:
https://coinmarketcap.com/currencies/bitcoin-cash/#markets

Quote
Ok 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 Wink

......
.L I V E C O I N . N E T.
.
..PROFITBOX..
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CryptosapienZA
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August 02, 2017, 09:31:38 AM
 #6

Its at number 3 now at market cap. I thought peeps will dump it to value 0 but looking at the price it shot up over 50%. Why price shot up? Is this a serious competitor threat to bitcoin btc itself? Are peeps dumping their btc for bcc?
What to do?

You can go ahead, dump and regret later when the price reaches $1000. I am keeping my BCH, infact when this dust settles and the price stabilises. I will buy a few. Welcome to the free market.
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August 02, 2017, 09:37:46 AM
 #7

Its at number 3 now at market cap. I thought peeps will dump it to value 0 but looking at the price it shot up over 50%. Why price shot up? Is this a serious competitor threat to bitcoin btc itself? Are peeps dumping their btc for bcc?
What to do?

You can go ahead, dump and regret later when the price reaches $1000. I am keeping my BCH, infact when this dust settles and the price stabilises. I will buy a few. Welcome to the free market.

But the thing is, most of the users get their equivalent number of their Bitcoin Cash of their Bitcoin so they can sell it and have a good profit out of it, in short they look at it as a miney giveaway from the panic it made these weeks.

But if you are willing to wait I think there is a chance if it being profitable in the future especially the higher ones.
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August 02, 2017, 09:38:05 AM
 #8

Its at number 3 now at market cap. I thought peeps will dump it to value 0 but looking at the price it shot up over 50%. Why price shot up? Is this a serious competitor threat to bitcoin btc itself? Are peeps dumping their btc for bcc?
What to do?

You can go ahead, dump and regret later when the price reaches $1000. I am keeping my BCH, infact when this dust settles and the price stabilises. I will buy a few. Welcome to the free market.
You talk as if you bought Bitcoin Cash and now feel like the king of investment. Those coins you got for free and I'm not sure that such coins will anything be worth in a month. The best option for their owners to sell them quickly then it will be too late. Welcome to the free market.
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August 02, 2017, 09:38:37 AM
 #9

Which exchanges are currently working at the moment with bitcoin cash?
take a look at this list:
https://coinmarketcap.com/currencies/bitcoin-cash/#markets

Quote
Ok 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 Wink

Ok i mean which exchanges now have the deposit function working for bitcoin cash?
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August 02, 2017, 09:45:09 AM
 #10

Which exchanges are currently working at the moment with bitcoin cash?
take a look at this list:
https://coinmarketcap.com/currencies/bitcoin-cash/#markets

Quote
Ok 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 Wink

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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.
..PROFITBOX..
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August 02, 2017, 09:46:39 AM
 #11

Its at number 3 now at market cap. I thought peeps will dump it to value 0 but looking at the price it shot up over 50%. Why price shot up? Is this a serious competitor threat to bitcoin btc itself? Are peeps dumping their btc for bcc?
What to do?

You can go ahead, dump and regret later when the price reaches $1000. I am keeping my BCH, infact when this dust settles and the price stabilises. I will buy a few. Welcome to the free market.

Yeah... I am also holding on to my hard earned BCH coins. But I have to warn you that the prices may dip considerably in the next few days, when the exchanges start enabling BTC-BCH trade. Whales such as Roger Ver are going to mop up all the available BCH during the dump. I expect the prices to reach at least $1,000 per coin by the end of this month.

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August 02, 2017, 09:51:20 AM
 #12

Which exchanges are currently working at the moment with bitcoin cash?
take a look at this list:
https://coinmarketcap.com/currencies/bitcoin-cash/#markets

Quote
Ok 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 Wink

Ok i mean which exchanges now have the deposit function working for bitcoin cash?

I am finding an exchanger too, the common exchanger that is suggested by my friends are Bittrex but at the moment the Bitcoin Cash wallets are still at maintenance. We just need to wait for another update about that soon. For now let's enjoy a usual day without panic.
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August 02, 2017, 09:56:33 AM
 #13

I also didn't expect to see such high price, it's just a record! I am also confused about reasons of such instant growth. Also I was surprised to see few BCC in my online wallet, I thought only users with private keys will get it.
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August 02, 2017, 09:59:08 AM
 #14

I also didn't expect to see such high price, it's just a record! I am also confused about reasons of such instant growth. Also I was surprised to see few BCC in my online wallet, I thought only users with private keys will get it.

The only reason the price is so inflated, is because NO ONE can still send their BCH shitcoin to Exchanges, none of them are accepting BCH yet.

Once Exchanges accept incoming BCH transactions, people will immediately start dumping it, causing the price to crash.
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August 02, 2017, 10:05:33 AM
 #15

Which exchanges are currently working at the moment with bitcoin cash?
take a look at this list:
https://coinmarketcap.com/currencies/bitcoin-cash/#markets

Quote
Ok 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 Wink

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.

Ok when do you think or guess bcc bitcoin cash will be stable/trusted ready for exchanges?
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August 02, 2017, 10:06:58 AM
 #16

I actually don't see a reason on why to dump it, just wait for the exchanges to start accepting it and Exchange it into something more profitable and earn some good money. Don't let it go to a total waste.

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August 02, 2017, 10:12:15 AM
 #17

Which exchanges are currently working at the moment with bitcoin cash?
take a look at this list:
https://coinmarketcap.com/currencies/bitcoin-cash/#markets

Quote
Ok 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 Wink

Yeah if the majority will dump their bcc the more bitcoin will pump.
Im planning to dump my bcc soon as I dont like it. Just sell it and buy some altcoin.
Prefer to hold other altcoin than holding such a imitation of bitcoin.

Happy Coding Life Smiley
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August 02, 2017, 10:15:32 AM
 #18

I also didn't expect to see such high price, it's just a record! I am also confused about reasons of such instant growth. Also I was surprised to see few BCC in my online wallet, I thought only users with private keys will get it.

I think to people who are holding in their hard wallet which has private key will get BCC coins. So it is there whether to dump them or wait for a higher price in the market. Many people are selling them in the market because what is the future of BCC nobody can expect.


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August 02, 2017, 10:20:01 AM
 #19

The problem is that you can't actually dump it yet.  Most exchanges still haven't actually enabled deposits and withdrawals of it, including Bittrex last time I checked (wallet maintenance).  The clients for it are also pretty buggy and people are finding it difficult to split their coins.  It's understandable considering that BCH basically just popped up over the last few weeks.

So I do expect at least some kind of dump after BCH is easier for people to deal with - it's still being treated as "free money" by many considering that it hasn't really caused the BTC price to drop at all - but regardless, I'll be HODLing it along with my BTC.

It's basically a massive hype machine, so I would regret selling it a few years from now when there's a massive pump and everyone thinks that it's the greatest technology ever created.

Anyway it's no threat for BTC.  It's worth nothing in comparison and is accepted by about zero merchants. 

Yes, most exchanges have already credited their members with the share of free BitcoinCash (BCH) but trading for the said coin is not yet operational no wonder there is actually no big dump happening. Well, its good thing this way so that the value can keep on rising and by the time people would start selling their BCH the value can still be good.

I believe that there is enough space for BCH in the cryptoverse and it does not have to kill its mother Bitcoin as they can live each other peacefully. We can own Bitcoin and at the same this new altcoin. We will see in the coming days how these two separated coins would behave.
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August 02, 2017, 10:20:36 AM
 #20

Bitcoin Cash is free asset for you so it will be up-to you that you want to make some btc of free asset or more of it, as for now you can't deposit or withdraw BCC so far but if your BCC were already in Bittrex then its your wish, As i believe that there are few Bitcoin holder who got BCC for free they are waiting for its standard price where it will be normal for now the price is just a pump so its not yet fix its going more upwards or there will be huge dump after deposit and withdrawal will be enabled. take your time time take your decisions and if you dump also that's free so what ever you make that's your free income.

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