Bitcoin "cash" - price speculation

[nanobrain]

I don't know if this is being considered an 'alt' or not -- i've stopped following all the crypto squabbling.
I've put it here since to my mind its still part of BTC - like some sort of crazy uncle who you nly see at Christmas.
No doubt mods will move if they disagree.

Anyway, I have noticed that I've magically been credited some BCH on Polo which is an extra $1K bonus.
Should I hodl or is it doomed?

Up or down from the current 300USD

[1714807714]

1714807714

[Janation]

I don't know if this is being considered an 'alt' or not -- i've stopped following all the crypto squabbling.
I've put it here since to my mind its still part of BTC - like some sort of crazy uncle who you nly see at Christmas.
No doubt mods will move if they disagree.

Anyway, I have noticed that I've magically been credited some BCH on Polo which is an extra $1K bonus.
Should I hodl or is it doomed?

Up or down from the current 300USD

I am not a fan of BCC but I know that there are a lot of users of this new altcoin that get their parts and sold it immediately in some exchanges. They just treat BCC as stepping stone to earn some bitcoin.
In terms of holding it, I prefer you dump it because there are some infos bitcoin cash being a scam coin and the one supporting it is just making a say to earn more money. Better dump it and earn your bitcoins through it.

[Westfiled]

Dump bitcoin cash and buy bitcoin, the bitcoin even stronger than ethereum, and that makes to hold the bitcoin cash will be worthless. Congratulation for you to get the extra money from bitcoin cash.
But bitcoin is only the best choice right now.

[nanobrain]

Well so far BCH has the third largest volume on Polo and remains resolutely on $300US.

Someone seems to like it....the miners perhaps?

[shinratensei_]

Well so far BCH has the third largest volume on Polo and remains resolutely on $300US.

Someone seems to like it....the miners perhaps?

someone backing it up and you can guess by yourself who it is. the BCH so far goes the opposite direction what BTC price have done, the value still remains there, even gets dumped in the value equivalent to BTC.
it's a free coin, no one suffer from loss I guess but only the traders.

[CryptoBry]

I think most people who got their free Bitcoincash have already the coin and converted them to Bitcoin. This is the reason why BCH is not making a big headway as compared to Bitcoin though there is no question that as of now the coin is also holding on to its value. I have no problem with BCH and I am thanking it for the free money I got (just a little by the way!).

[Torque]

I'm pretty sure that whales are quietly accumulating at this BCH price level and will continue. Then one day, out of nowhere, they will likely pump the crap out of BCH.

Why? Completely for the lulz.

[BitcoinBarrel]

The price is going to go up just like any other Alt coin. Whether or not it will be more profitable to hold BCH over BTC, it's too early to tell. Me personally, I sold half of my BCH for instant BTC and holding the rest for speculative purposes.

[RoommateAgreement]

I'm pretty sure that whales are quietly accumulating at this BCH price level and will continue. Then one day, out of nowhere, they will likely pump the crap out of BCH.

Why? Completely for the lulz.

i am convinced that his will actually happen. and we will be helping it actually, probably unknowingly.

we think the scaling debate is over and we are out of the blue, but in fact we have a SegWit2x drama on the horizen waiting to cause all the problems one more time. and as core devs will reject it by that time and a huge percentage of miners are behind it, there will be a lot of drama and like before a big window of opportunity for everything else to get pumped.

they have always used the disagreements in bitcoin to their own advantage so far, and this won't be new either.

[shine1123]

I don't know if this is being considered an 'alt' or not -- i've stopped following all the crypto squabbling.
I've put it here since to my mind its still part of BTC - like some sort of crazy uncle who you nly see at Christmas.
No doubt mods will move if they disagree.

Anyway, I have noticed that I've magically been credited some BCH on Polo which is an extra $1K bonus.
Should I hodl or is it doomed?

Up or down from the current 300USD

What i am sure is you are not the only one who receive bitcoin cash on Poloneix and i'm sure people will sell all their bitcoin cash soon and makes the bitcoin cash price fall again, if i were you, i will sell all the bitcoin cash. It's 1k usd man, cash it out and enjoy it before you late.

[nanobrain]

I'm pretty sure that whales are quietly accumulating at this BCH price level and will continue. Then one day, out of nowhere, they will likely pump the crap out of BCH.

Why? Completely for the lulz.

Absolutely.

And there is also this to consider..

https://steemit.com/bitcoin/@belerophon/the-black-swan-that-could-turn-bitcoin-upside-down

Not accurately a black swan event (which is something completely unforeseen) but more of an exploration of a 'what if'...nevertheless a timely reminder that the network is run on personal self-interest.

[Herbert2020]

Up or down from the current 300USD

for the near future i expect the same price more or less with possibly some drops as dumps happen.
after it, specially with bitcoin rise slowing down at some point in the future, it can get pumped. and i am actually expecting a very widespread (spam)advertising of BCC as the spam attack on bitcoin starts to get severe again (the spam attack has already started and mempool is big again).
on top of it we have the 2 MB hard fork which will be Aug 1st crap all over again...

[kokojie]

BCash is really the more old school Bitcoin. Does any old school Bitcoiner actually like BSegwit and the path CORE is leading to?

The old school Bitcoiners are very quiet, mostly just Roger Ver leading the front.

But I wouldn't underestimate their strength, they have a lot of Bitcoin to burn, if they wish. They can probably drop BSegwit's price to $1000 in a week, and prop up BCash to be 1:1 parity with BSegwit. It's going to be interesting times.

[alyssa85]

I'm pretty sure that whales are quietly accumulating at this BCH price level and will continue. Then one day, out of nowhere, they will likely pump the crap out of BCH.

Why? Completely for the lulz.

This. Given that there are 16 million coins out there, the price has remained remarkably steady. So steady you could use it as an actual currency because there are no wild swings from day to day.

[European Central Bank]

This. Given that there are 16 million coins out there, the price has remained remarkably steady. So steady you could use it as an actual currency because there are no wild swings from day to day.

i'd say there's far less supply and always will be. many people won't bother claiming them, others will be unaware. lots have already gone into whale hands and more will follow.

[alyssa85]

This. Given that there are 16 million coins out there, the price has remained remarkably steady. So steady you could use it as an actual currency because there are no wild swings from day to day.

i'd say there's far less supply and always will be. many people won't bother claiming them, others will be unaware. lots have already gone into whale hands and more will follow.

In which case it's a far more deflationary coin than BTC?

[dark0n]

I sold my BCC at 220$ mark and never regret about that decision/ May be closer to November we will see 400 or even 500, but I really don't believe in BCC.

[amacar2]

Well so far BCH has the third largest volume on Polo and remains resolutely on $300US.

Someone seems to like it....the miners perhaps?

We can't say the current price of bitcoincash is stable because its network is not stable till now and in which direction market will move is quite uncertain.
With huge bull run on bitcoin in this august, I don't think bitcoincash can hold that $300+ price for long time.

I am expecting a huge dump in few more days when bitcoin will cross $5k.

[alyssa85]

Well so far BCH has the third largest volume on Polo and remains resolutely on $300US.

Someone seems to like it....the miners perhaps?

We can't say the current price of bitcoincash is stable because its network is not stable till now and in which direction market will move is quite uncertain.
With huge bull run on bitcoin in this august, I don't think bitcoincash can hold that $300+ price for long time.

I am expecting a huge dump in few more days when bitcoin will cross $5k.

There was supposed to be a dump yesterday when Poloniex members got their coins, and it didn't happen. My guess is that deep pockets are buying to keep it steady at $300.

The network is pretty stable, blocks now being found every 14 minutes (up from every 20 minutes a few days ago):

https://bitinfocharts.com/comparison/bitcoin%20cash-confirmationtime.html

[FiendCoin]

Crapcash is just a political tool of bitmain to push their agenda. Its a 100% speculative shitcoin like hundreds others out there. There are other shitcoins that do what crapcash does better. The price relative to BTC may indeed go up in the coming weeks or months but once bitmain tires of supporting it, its done. If enough BTC whales dump on it, its done. Its not a coin that will survive in any meaningful way. Its no real threat to Bitcoin.