I see BCH price is around 0.094 BTC at time of writing. I am considering to buy some. I hope the price will raise because of all the media attention.
What do you guys think buy or not buy?
While I consider that unlikely, it still can happen.
I was just commenting this on another thread but I will flesh it out a bit more here.
The price SHOULD decline for the next few weeks to few months, start to level off around month 3 or 4, then if the community sees value in it, steadily climb(or it could be pumped up too since it is cheaper to do).
So the reason I say that is because the Supply is at an all time high. Imagine if all of a sudden there was double the amount of BTC available. What would happen?The Supply rose by a lot and is too much while the Demand is still the same. So the price very likely and SHOULD fall in the short term(until the demand/supply ratio balances better).
Does that make sense? It is a very simplistic view I agree, but one I think we should take in to consideration.
You ask whether to buy now or later? Be glad you didn't buy in when it was around 600 USD. Now it is about 280 USD. It should go lower for another few weeks at least.
If you really want to buy in, don't buy a lot, becuase you will be holding it for the short term and the mid term at least, at the most you will have to hold for years.You seem unsure on your answer, we are talking about the EVE of bitcoin here, because BCH (BCC) to some are purely came from the chain of BTC, some people are saying that they are forking BTC because they cant control its price and by forking they it is getting doubled. But some famous guys in crypto are not considering BCH because they are saying that it has no identity. Some are spreading some hidden messages that BTC is the biggest scam in the world and BCH is the future and billionaires are controlling the price to take away billions of dollars. We expected these kinds of issues not just in the crypto world but on the real world too, guess that people like that (manipulating others through their power) is really everywhere, there are groaning on all sides.
First is that if you are a long term holder of BCC, never ever forget that a fork is 1:1, so if you have already sell your BCH then you're at the bad side, they are not nervous whether BTC will go up because some of them never sell their BCH.
Second is that BTC is the real crypto, if you're thinking that BTC will go down, you must be underestimating it. Hailes as a bert commodity in the crypto space, a 10k$ value is nothing if it has a global adoption.
Third is never ever forget the explanation of coindesk (correct me if I'm wrong) that these forks are the other way around, like gold, we already have barter, the silver, the oil and the fiat, still gold is expensive and everyone would like to buy it because its is precious and its characteristics are shining through the years. And BTC is the gold of the internet.
And in everything you are buying whether it is a BCC or other alts, only buy what you can afford to lose.
