Bitcoin "cash" - price speculation

[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?

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

interesting link...thanks

[alyssa85]

Bitcoincash has just mined it's first 8MB block:

https://blockchair.com/bitcoin-cash/block/479469

37,814 transactions included in the block

Fee total    0.36267884 BCC*    106.99 USD
Fee per kB    0.00004535 BCC*    0.01 USD

Hopefully this will persuade people to use BCC to send money - fees are low, and the blocks can cope with large volumes.

[nanobrain]

price doubled in last 24 hours....discovery or cynical pump?

[kokojie]

price doubled in last 24 hours....discovery or cynical pump?

BCash is destined to achieve at least 1:1 parity with BSegwit, the people backing BCash has very deep pockets, much more so than BSegwit. Jihan Wu and Roger Ver alone, has several billion dollar in BTC+Fiat at their disposal, and these are just 2 backers of BCash.

BSegwit has the legitimacy factor, but their actions are destroying their credibility. Once BSegwit lose credibility, they do not have to funds to fight against BCash. As I said, BCash backers can drop BSegwit to $1000 if they wanted, they are just waiting for a good time to do so.

[licutis]

Bitcoincash has just mined it's first 8MB block:

https://blockchair.com/bitcoin-cash/block/479469

37,814 transactions included in the block

The average BCH block barely breaks 100kb. It's nice they finally were able to spam a block full, perhaps next time they should do this testing before its deployed live.

[nanobrain]

price doubled in last 24 hours....discovery or cynical pump?

BCash is destined to achieve at least 1:1 parity with BSegwit, the people backing BCash has very deep pockets, much more so than BSegwit. Jihan Wu and Roger Ver alone, has several billion dollar in BTC+Fiat at their disposal, and these are just 2 backers of BCash.

BSegwit has the legitimacy factor, but their actions are destroying their credibility. Once BSegwit lose credibility, they do not have to funds to fight against BCash. As I said, BCash backers can drop BSegwit to $1000 if they wanted, they are just waiting for a good time to do so.

I'd prefer parity at $4K 

[kwukduck]

price doubled in last 24 hours....discovery or cynical pump?

BCash is destined to achieve at least 1:1 parity with BSegwit, the people backing BCash has very deep pockets, much more so than BSegwit. Jihan Wu and Roger Ver alone, has several billion dollar in BTC+Fiat at their disposal, and these are just 2 backers of BCash.

BSegwit has the legitimacy factor, but their actions are destroying their credibility. Once BSegwit lose credibility, they do not have to funds to fight against BCash. As I said, BCash backers can drop BSegwit to $1000 if they wanted, they are just waiting for a good time to do so.

Don't bother people here don't want to hear the truth.

[Herbert2020]

BCash is destined to achieve at least 1:1 parity with BSegwit, the people backing BCash has very deep pockets, much more so than BSegwit. Jihan Wu and Roger Ver alone, has several billion dollar in BTC+Fiat at their disposal, and these are just 2 backers of BCash.

in other words BCash is a centralized manipulated altcoin which is getting pumped by a handful of billionaires. this is what your statement means anyways!
and i weep for the day that such thing is called "bitcoin" or even considered an option by real people!!!

[exstasie]

BCash is destined to achieve at least 1:1 parity with BSegwit, the people backing BCash has very deep pockets, much more so than BSegwit. Jihan Wu and Roger Ver alone, has several billion dollar in BTC+Fiat at their disposal, and these are just 2 backers of BCash.

in other words BCash is a centralized manipulated altcoin which is getting pumped by a handful of billionaires. this is what your statement means anyways!
and i weep for the day that such thing is called "bitcoin" or even considered an option by real people!!!

I definitely sympathize with the anti-BCH sentiment. There's no scaling solution provided by creating 8MB bloat blocks, and without Segwit, implementing the Lightning Network is unlikely to happen. I'll definitely keep supporting Core.

But I also think it makes sense to hedge your bets. Since BCH is not only an airdrop, but one that comes with a 1:1 distribution rate to BTC, there's no reason not to hold some. There seems to be big money accumulating at these prices, despite how crazy that seems.

[nutildah]

Agreed that BCH is being pumped, nothing more. Its just another altcoin. No merchants are suddenly gonna focus on adopting BCH as a method of payment. It won't be purchaseable on Coinbase, and it won't be traded at any major exchange (just the minor ones). Don't get suckered into just another form of altcoin pump. This one just happens to cash in on the good name of bitcoin.

[Denker]

Agreed that BCH is being pumped, nothing more. Its just another altcoin. No merchants are suddenly gonna focus on adopting BCH as a method of payment. It won't be purchaseable on Coinbase, and it won't be traded at any major exchange (just the minor ones). Don't get suckered into just another form of altcoin pump. This one just happens to cash in on the good name of bitcoin.

Ver and Jihan and their minions pump it. What they are looking for are stupid buyers they can dump on.
I mean someone has to be the baholder for that crap right?!
And with the profit Ver and Jihan will have made they will give us even more hard times in the future to progress Bitcoin.
For them it will be a personal thing, it maybe already is.

[alyssa85]

Agreed that BCH is being pumped, nothing more. Its just another altcoin. No merchants are suddenly gonna focus on adopting BCH as a method of payment. It won't be purchaseable on Coinbase, and it won't be traded at any major exchange (just the minor ones). Don't get suckered into just another form of altcoin pump. This one just happens to cash in on the good name of bitcoin.

Overstock are accepting it (along with other alts). I've no doubt others will follow if it looks like the low fee big block thing is taking off.

[European Central Bank]

BCash is destined to achieve at least 1:1 parity with BSegwit, the people backing BCash has very deep pockets, much more so than BSegwit. Jihan Wu and Roger Ver alone, has several billion dollar in BTC+Fiat at their disposal, and these are just 2 backers of BCash.

and those criteria are an absolutely superb reason to never go anywhere near it. the rest of the world is supposed to be turned on by that? mom and pop and pension funds will entrust their money to those people?

[alyssa85]

BCash is destined to achieve at least 1:1 parity with BSegwit, the people backing BCash has very deep pockets, much more so than BSegwit. Jihan Wu and Roger Ver alone, has several billion dollar in BTC+Fiat at their disposal, and these are just 2 backers of BCash.

and those criteria are an absolutely superb reason to never go anywhere near it. the rest of the world is supposed to be turned on by that? mom and pop and pension funds will entrust their money to those people?

Do you think that if bitcoincash is successful those will be the ONLY ones backing it? Don't forget that there are about 16 million coins out there, and lots of whales decided to keep their BCH, "just in case".

[kokojie]

BCash is destined to achieve at least 1:1 parity with BSegwit, the people backing BCash has very deep pockets, much more so than BSegwit. Jihan Wu and Roger Ver alone, has several billion dollar in BTC+Fiat at their disposal, and these are just 2 backers of BCash.

in other words BCash is a centralized manipulated altcoin which is getting pumped by a handful of billionaires. this is what your statement means anyways!
and i weep for the day that such thing is called "bitcoin" or even considered an option by real people!!!

Supporting a coin doesn't mean control. Having deep pocketed individual/organization supporting a coin is good for stability.

[kwukduck]

BCash is destined to achieve at least 1:1 parity with BSegwit, the people backing BCash has very deep pockets, much more so than BSegwit. Jihan Wu and Roger Ver alone, has several billion dollar in BTC+Fiat at their disposal, and these are just 2 backers of BCash.

in other words BCash is a centralized manipulated altcoin which is getting pumped by a handful of billionaires. this is what your statement means anyways!
and i weep for the day that such thing is called "bitcoin" or even considered an option by real people!!!

Supporting a coin doesn't mean control. Having deep pocketed individual/organization supporting a coin is good for stability.

Lol no he doesn'y just support BCH he is the mind behind the whole plan to bring down Bitcoin core, which includes BCH. He is actually in control of pretty much the entire network.

BCh will reach parity before the end of august.

[severaldetails]

I think that many coins of bitcoin cash will never be touched because their owners don't know that they exist, or don't know how to get them.
From that point of view Bitcoin cash could become a rare coin.
And everything that is rare has its price.
That's why I expect bitcoin cash will have a place under the top altcoins.

[j753k]

yea BCH is much more rare than Bitcoinsegwit

[aakashsangwan]

Bitcoin cash has really picked up heat in the past day, as I can see on coin marketcap it's up by 80% so it's a huge gain and now I think that bitcoin cash is gaining momentum by increasing interest of Others.

[Slow death]

Well so far BCH has the third largest volume on Polo

At least for now they are in the first place, we will see in one week

and remains resolutely on $300US.

And the price is $613.67, You just had good money.