Why is the price of BTC still so high eventhough BCH is going up

[AbbyS]

It does not make any sense ...
the coins are doubled and 300-600$ is added to the value
does not make sense imo

[HanvanBitcoin]

It does not make any sense ...
the coins are doubled and 300-600$ is added to the value
does not make sense imo

The demand is higher then the supply = price increase.

Why is the demand higher and supply low? People who had their bitcoins in cold storage arent able to get their BCH / BCC on exchanges yet.

[Asrael999]

Because the whole is greater than the sum of the parts

On the one hand we had a chain that had 1MB block sizes and Segwit locked in
Now we have that chain and a chain with no segwit lock in but 8MB blocksizes.
We have more than we had before - not the same, value should be incremental and there is no reason both cannot coexist - time will tell which is more viable and the preferred option of the potential customer base, but we are so early in the adoption of crypto that we are arguing over whether 45, 78 or 33 is the right rpm to play music at.

Or if you prefer this is like a court case from 1908 where the held a patent trial to decide whether you could put music on both sides of a vinyl record, and if not which side would you put it on.

[buwaytress]

Everything can be made sense of... even if there is little sound techs underlying that sense. Maybe one could argue that BTC should be $300 more than it is now, if not for BCC/H. It's still early days. Wait until BCC is in proper circulation and price settles.

[leowonderful]

The pumpers don't have much resistance as most of the people that actually own BCH can't get them onto exchanges due to the fact that the chain can't produce blocks fast enough. It'll probably take a few days until people can get BCH onto exchanges from cold and hot wallets and that will likely keep price going down for a bit.

[machinek20]

I think is because many people still believe in bitcoin and never want bitcoincash to appear, and after segwit news, the users believe that the problem had been solved and now back to used bitcoin again, and some whales are trying to pump bitcoin, they want to advantage from the forking situation, and that caused the price to go up

[sinner]

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

Why is BCH over $800 on Trex and over $1000 on Yobit? 

[maokoto]

Makes sense. Came here looking for answers, as I thought everybody will dump their BCC hard as soon as they have it and seems the opposite is happening.

But yeah, there is not so much people with BCC right now. That is the point.

[hatshepsut93]

It does not make any sense ...
the coins are doubled and 300-600$ is added to the value
does not make sense imo

Because Bitcoin's price (in USD) goes up or down only when it's bought/sold for fiat. When BTC is exchanged for altcoin, or altcoin exchanged for USD, it has no direct impact on BTC price. It might influence traders to buy or sell BTC, but they can also ignore alts when they are making their decisions on BTC/USD markets.
BTC price would drop if people were selling BTC for fiat and using that fiat to buy BCH, but this is not the case because people can trade BCH/BTC directly, and this is actually the highest volume in all BCH trading pairs.

[DaMut]

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

Why is BCH over $800 on Trex and over $1000 on Yobit? 

yeah we will see BCH/BCC hitting $1000++ or even we can see $2000,
but no matter what,Bitcoin Cash will never replace Bitcoin.Because Clone always be a Clone,
other than that Bitcoin Cash also has an issue with their system (or might be no,i got this info from coinbase),
it's just matter of time when everybody hyping this altcoin and then BOOM mass selling happen.
I just hope,you guys don't get caught by their scheme and don't be greedy.
even if you only profitting $100 just take it,it'll be better profitting other than lossing.

Remember what they did with their false Bitcoin before,just like Bitcoin Unlimited and Bitcoin Core.
it will not be the first and it will not be the last for them.

[Yuhee]

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

Why is BCH over $800 on Trex and over $1000 on Yobit? 

yeah we will see BCH/BCC hitting $1000++ or even we can see $2000,
but no matter what,Bitcoin Cash will never replace Bitcoin.Because Clone always be a Clone,
other than that Bitcoin Cash also has an issue with their system (or might be no,i got this info from coinbase),
it's just matter of time when everybody hyping this altcoin and then BOOM mass selling happen.
I just hope,you guys don't get caught by their scheme and don't be greedy.
even if you only profitting $100 just take it,it'll be better profitting other than lossing.

Remember what they did with their false Bitcoin before,just like Bitcoin Unlimited and Bitcoin Core.
it will not be the first and it will not be the last for them.

I dont think bcc is a clone because it has very different feature than btc. Not because it was named as btc, it will automatically be its clone. It is just another altcoin that was produced by btc and in somewsome ways it is just a renovation rather than a clone. Bcc is under maintenance for now so better yet wait for a week or so then you  can trade your bcc.

[DaMut]

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

Why is BCH over $800 on Trex and over $1000 on Yobit?  

yeah we will see BCH/BCC hitting $1000++ or even we can see $2000,
but no matter what,Bitcoin Cash will never replace Bitcoin.Because Clone always be a Clone,
other than that Bitcoin Cash also has an issue with their system (or might be no,i got this info from coinbase),
it's just matter of time when everybody hyping this altcoin and then BOOM mass selling happen.
I just hope,you guys don't get caught by their scheme and don't be greedy.
even if you only profitting $100 just take it,it'll be better profitting other than lossing.

Remember what they did with their false Bitcoin before,just like Bitcoin Unlimited and Bitcoin Core.
it will not be the first and it will not be the last for them.

I dont think bcc is a clone because it has very different feature than btc. Not because it was named as btc, it will automatically be its clone. It is just another altcoin that was produced by btc and in somewsome ways it is just a renovation rather than a clone. Bcc is under maintenance for now so better yet wait for a week or so then you  can trade your bcc.

oh well,
so you think Bitcoin Cash aka BCC/BCH not a clone ?
let me ask you about BCC/BCH,who is creating this Bitcoin Cash ? Satoshi or who ?
and what do you mean by 'very different feature than btc' ? what is the different between both of them ?
it's created because of chain split,and you said 'produced by btc and in some ways it is just a renovation' ? what is renovation ?
it has been created a day ago and you said it's a renovation ?
your comment doesn't make a sense at all.

NOTE : Even coinbase didn't want to add it because it has an issue or problem in their network.You said it was a RENOVATION?

[Denker]

Makes sense. Came here looking for answers, as I thought everybody will dump their BCC hard as soon as they have it and seems the opposite is happening.

But yeah, there is not so much people with BCC right now. That is the point.

They can't dump BCH right now. This chain makes no blocks since 9 hours! Exchanges stopped depositing and withdrawing.
That's why you see this high price of BCH. As soon as this chain is able to create 6 blocks per hour, which can take a long time before it happens, people will probably dump that shitcoin into oblivion. The higher the price now gets, the faster the guys wanna dump it.
And Bitcoin is holding because Bcash/BCH is just another altcoin and could give you free money, meaning more BTC.
Simple is that.

[Kprawn]

My theory is people {pumpers} are just moving coins around on exchanges that released coins to their users. Most exchanges do

not accept BCC deposits yet and even if they do, this will most probably bankrupt them. { People dumping BCC for Fiat } The

pumpers cashed out before the event to enable them to manipulate the markets. { They will pump the price artificially and then

dump to take profits. } 

Most BCC holders are still busy figuring out how to extract their BCC, so a flood of coins {supply} will come.. when they have done

that. { By that time, pumpers would have cashed out at a high price }

[iram1011]

My theory is people {pumpers} are just moving coins around on exchanges that released coins to their users. Most exchanges do

not accept BCC deposits yet and even if they do, this will most probably bankrupt them. { People dumping BCC for Fiat } The

pumpers cashed out before the event to enable them to manipulate the markets. { They will pump the price artificially and then

dump to take profits. } 

Most BCC holders are still busy figuring out how to extract their BCC, so a flood of coins {supply} will come.. when they have done

that. { By that time, pumpers would have cashed out at a high price }

I agree. Some big holders are just pumping BCH before everyone claim their BCH and come to exchanges for trade. As soon as that happens, they will sell all their holdings.

Regarding Bitcoin price, Bitcoin and Bitcoin Cash aren't inversely proportional. They don't have much relation. Moreover, BCH is free coin and people aren't dumping Bitcoin for Bitcoin Cash. Bitcoin price will increase and is not dependent upon any Altcoin whereas Altcoins are very much dependent upon Bitcoin.

[Kemarit]

Makes sense. Came here looking for answers, as I thought everybody will dump their BCC hard as soon as they have it and seems the opposite is happening.

But yeah, there is not so much people with BCC right now. That is the point.

They can't dump BCH right now. This chain makes no blocks since 9 hours! Exchanges stopped depositing and withdrawing.
That's why you see this high price of BCH. As soon as this chain is able to create 6 blocks per hour, which can take a long time before it happens, people will probably dump that shitcoin into oblivion. The higher the price now gets, the faster the guys wanna dump it.
And Bitcoin is holding because Bcash/BCH is just another altcoin and could give you free money, meaning more BTC.
Simple is that.

There have been 12 blocks mined since the hard fork. And yes, I believed that if the chain was able to create 6 blocks per hour there will be a surge in dumping this altcoin. And there are still not claiming this 'free coins" and just holding and observing from the background. But once everything is clear, another wave of dumping will occur pulling the price further.

My theory is people {pumpers} are just moving coins around on exchanges that released coins to their users. Most exchanges do

not accept BCC deposits yet and even if they do, this will most probably bankrupt them. { People dumping BCC for Fiat } The

pumpers cashed out before the event to enable them to manipulate the markets. { They will pump the price artificially and then

dump to take profits. } 

Most BCC holders are still busy figuring out how to extract their BCC, so a flood of coins {supply} will come.. when they have done

that. { By that time, pumpers would have cashed out at a high price }

This is what I'm saying, there are still who do not want to extract BCC/BCH for the fear of losing his BTC. Good example is this guy losing 45 BTC in his wallet, https://bitcointalk.org/index.php?topic=2059967.0
And there are a lot of threads going around seeking help on how to claim BCC/BCH in their Electrum wallet so I believed they will cash it out as soon as they got it. And Exchanges as well are not accepting BCC/BCH for now. I do think that the price could go down to $200 at least when everything has cool down.

[blackmagician]

Some traders stick on what they believe, that bitcoin could change thier life. Bch is like a new star is born, but the question is  ,is it ready to enter the world of cryptocurrency?  Can it overpower bitcoin someday?

[drlukacs]

Some traders stick on what they believe, that bitcoin could change thier life. Bch is like a new star is born, but the question is  ,is it ready to enter the world of cryptocurrency?  Can it overpower bitcoin someday?

Never, if this future become true, I will go out the crypto market and forgot it forever. Maybe in short time it can pass Bitcoin as reach to $2000 or even $4000 per coin if China want make investor (newbie and speculator) interested it and sell their Bitcoin, Altcoin for buying Bitcoin Cash. But in mid time or long than, I believe not have crypto can replace Bitcoin.

[Rahar02]

It does not make any sense ...
the coins are doubled and 300-600$ is added to the value
does not make sense imo

What makes it doesn't make sense? It's normal in cryptocurrency trading market.
You've expect that bitcoin price will fall below $2000 again?
Even with bitcoin cash split will not pull bitcoin price that much, instead those coins gain more value.
But, bcash price will dump hard until it reach some point, as the highest rate.
On the other hand, bitcoin price expected to increase due to segwit will be activated soon.
1065 blocks to go https://coin.dance/blocks?update

[PokerDiceMan]

because bitcoin user still believe BTC above BCH
same with etherum, etherum user still believe ETH above ETC