WHY BCC PRICE KEEPS INCREASING

[sieemma]

I need technical people help me with this.
Since the initiation of the fork, the price of BCC keeps increasing and now it is nearly half of BTC.
Is there a possibility of BCC getting to the price of BTC and become stable at that price or it will drop after it gets higher.
I am really fascinated by the way the price is increasing and I don't want to be late

[73blazer]

If you don't want to be late, get on board now! How much BTC did you buy in 2010???

The way I see it is the players that wanted this fork have enough resources to inflate it temporarily. If they had enough resources to spin up 4000 nodes on AWS (by a single actor, mind you, that's super "decentralized") they have enough to buy everyone's BCC for a while to see if they can generate exactly what your experiencing...the "i'm gonna miss the boat"  syndrome.  The same way a large wall street bank might buy a ton of shares of something they want to pump up or that is perhaps failing in their heads.....to get other people to go...hey...look at that thing, it's going through the roof, we better buy too. However, that can only last so long before they make a choice as to harden their position or cut their losses and return.

Only time will tell if the price will stabilize, drop, rise. It's not predictable. If enough people think their alt coin is viable...then time will show that and the price will rise. If you think it's going to keep going up...by all means then you should buy some.
The players involved aren't stupid, and they seem to have at least some sort of longish...well at least not short term....plan, as any smart entity would when wanting to create a fork, a sustainable fork. Anyone can create a fork, I can make a new fork and mine my own blocks. The question is ... will anyone follow.

Trading on exchanges isn't a real good indicator, they can move their own coins around making look like tons of trades, which also inflates the price. Time is the only true indicator. I know,..... probably not the answer you were looking for.......

[Nougat]

The market will determine what the "real" fork is.   Right now it is far from certain which will win. 

[Red-Apple]

this is purely a pump.
there is no way you can deposit your BCC and sell it so the price automatically goes up. now add to it the fact that manipulative whales are hard at work and also the fact that people are FOMOing and you have a fast rising price. and by the way it is so far from half! it is still very much low.

[cybersofts]

If you don't want to be late, get on board now! How much BTC did you buy in 2010???

The way I see it is the players that wanted this fork have enough resources to inflate it temporarily. If they had enough resources to spin up 4000 nodes on AWS (by a single actor, mind you, that's super "decentralized") they have enough to buy everyone's BCC for a while to see if they can generate exactly what your experiencing...the "i'm gonna miss the boat"  syndrome.  The same way a large wall street bank might buy a ton of shares of something they want to pump up or that is perhaps failing in their heads.....to get other people to go...hey...look at that thing, it's going through the roof, we better buy too. However, that can only last so long before they make a choice as to harden their position or cut their losses and return.

Only time will tell if the price will stabilize, drop, rise. It's not predictable. If enough people think their alt coin is viable...then time will show that and the price will rise. If you think it's going to keep going up...by all means then you should buy some.
The players involved aren't stupid, and they seem to have at least some sort of longish...well at least not short term....plan, as any smart entity would when wanting to create a fork, a sustainable fork. Anyone can create a fork, I can make a new fork and mine my own blocks. The question is ... will anyone follow.

Trading on exchanges isn't a real good indicator, they can move their own coins around making look like tons of trades, which also inflates the price. Time is the only true indicator. I know,..... probably not the answer you were looking for.......

Wow, good analysis! I think BCC price keeps increasing because more people are putting their money in to it, thinking may be the price will get higher and then sell it. As I was saying few days back "BCC will take advantage of Bitcoin, as the price of Bitcoin is higher more people want to invest in to it but they can't because it's too expensive for them. They are looking for cheaper alternative which is now BCC". So Bitcoin built itself to the certain level which is worth a lot and now BCC will take advantage of that as cheaper altcoin of Bitcoin.  

[no0dlepunk]

this is purely a pump.
there is no way you can deposit your BCC and sell it so the price automatically goes up. now add to it the fact that manipulative whales are hard at work and also the fact that people are FOMOing and you have a fast rising price. and by the way it is so far from half! it is still very much low.

definitely, mate! 

[Quantus]

There have been 12 blocks mined since the hard fork.
This is the reason. No one can move BCC fast enough to dump it.
At the current rate it would take two days to move BCC from a private wallet to an exchange to dump it.
The vast majority of Bitcoin Users HODLers* hold Bitcoin in private wallets on full node clients.

[ANAEDV]

If the development of bitcoin cash is better than bitcoin then it's possible that the price may exceed the bitcoin price

I would agree with you on this but the markets have been getting increasingly ridiculous lately. On the base of it BCC or BCH as it's now termed is a fork with plans similar to that of Dash. Dash has already made countless updates, has a sizeable budget, road map for the future updates, strong development team etc etc. Yet BCC/BCH is now 800% higher than Dash in terms of market capital one day after fork without a decent usable wallet.

Bitcoin Unlimited's plans of on chain scaling whilst are the correct solution cannot be done without incentivised nodes as altruism can only go so far. As the blocks increase in size so does the cost of running the blockchain along with the hardware requirements to run the node.

Why can't the development team see these seemingly obvious issues? I believe it to be greed and they seem to have lost sight of the purpose of why we started Bitcoin in the first place. Not to get rich but to free the world of central banks and fiat currencies.

[unusualfacts30]

I need technical people help me with this.
Since the initiation of the fork, the price of BCC keeps increasing and now it is nearly half of BTC.
Is there a possibility of BCC getting to the price of BTC and become stable at that price or it will drop after it gets higher.
I am really fascinated by the way the price is increasing and I don't want to be late

Main reason for price increase is that most exchanges don't allow you to deposit BCC, so people are still holding it. Second reason is timing, you'll find the real price after a week or two once it settles down.

[xFiber]

I need technical people help me with this.
Since the initiation of the fork, the price of BCC keeps increasing and now it is nearly half of BTC.
Is there a possibility of BCC getting to the price of BTC and become stable at that price or it will drop after it gets higher.
I am really fascinated by the way the price is increasing and I don't want to be late

Boy wait until you see what happens when a major exchange like bittrex opens the deposits for the public. This right now is purely pump in my opinion it's valued $700 right now but the price of bitcoin hasn't even fallen. Adding up to that bcc only has 5% of bitcoins hashpower, I'm curious to see how fast bcc will be forgotten.

[Kprawn]

Most people missed out on the early days of Bitcoin and they saw what happened with Bitcoin later on, so they are jumping

in to buy BCC, hoping that BCC will follow the same route. The mad rush to buy is also fuelled by speculators and Fiat whales

artificially pumping the price to simulate a Bull run. As soon as their money runs out, we will see a massive dump in the

price.  

[Barcode_]

It might be a indication of investors trying to pump up the price of Bitcoin Cash before cashing them out, but it is too early to tell how the future of Bitcoin Cash will develop as the market is still very unstable and is very subjected to high volatility, maybe it would be better to observe the market for a longer period of time.

[FrictionlessCoin]

Artificial scarcity.

The only ones who have BCH in exchanges are the ones who had BTC in the exchange.

The last block was mined 11 hours ago.  So it will take days to get even 3 confirmations to move BCH.

Also, you can't arbitrage between exchanges since it takes too long to move BCH.  Meaning you can't buy low in one exchange and sell it high in another.

[Ultegra134]

It might be a indication of investors trying to pump up the price of Bitcoin Cash before cashing them out, but it is too early to tell how the future of Bitcoin Cash will develop as the market is still very unstable and is very subjected to high volatility, maybe it would be better to observe for a longer period of time.

Could possibly be that, price pumped a lot the past few hours, now it has started dropping in a dramatically high pace, indicating how risky it even is to try and invest in BCC.

[FrictionlessCoin]

It might be a indication of investors trying to pump up the price of Bitcoin Cash before cashing them out, but it is too early to tell how the future of Bitcoin Cash will develop as the market is still very unstable and is very subjected to high volatility, maybe it would be better to observe for a longer period of time.

Could possibly be that, price pumped a lot the past few hours, now it has started dropping in a dramatically high pace, indicating how risky it even is to try and invest in BCC.

There is less risk pumping the coin in a small exchange.  That is because nobody can move BCH and exploit the inefficiencies.

The game plan is likely to pump in small exchanges and dump coins in large exchanges.

[khufuking]

That is totally normal mainly because people who had there BTC offline ( whales ) still can not get it online to dump it + most of exchange have not enabled BCC deposit yet + even if BCC deposit is enabled it will take very long to get it deposited because exchange that have BCC deposit enabled have 5 confirmation required to credit it . BTW few hours ago price off BCC at bittrex was 0.4 and at other exchanges was 0.15 .

[thompshma]

Anybody have any idea of when Bittrex opens it up?
I want to get rid of this crap immediately.

[CryptoBoomers]

I decided to run a few experiments and am happy to say I just doubled my btc on two exchanges .

Not huge amounts but I left a handful on two exchanges and instead of dumping I dumped my btc for more bcc and just cashed out near the high on both. Had a feeling this might happen and of course now regret not having my full stash on there but it is indeed risky and this first pump moved fast as hell. I think many more pumps will happen today, if you did manage to get some it's a great time to try to beat the waves..

[manifo1d]

Nothing technical about it


It's sales and marketing 101

It hit fb trending and now everyone wants some.


Its a cheaper transaction that bitcoin.


Pretty cut and dry.

[sieemma]

Thanks so much for your contributions. I really liked what you all wrote. I have a fear knowledge what is going on now.
Moment after I read some of your suggestions, BCC starting dropping as most of you indicated. Everyone us in for gains, so let's see what happens