bitcoincash is around 755.04 $ now!

[13abyknight]

Wouldn't at all be surprised if it went past double the price of Ethereum and stay as #2 on the charts. Bitcoin Cash seems to have a bright future because of how smooth BCH's system works. No more high fee priority transactions, unless users start doing it themselves and it would be pretty much the same as those mining BCH are the ones pushing the coin to stand higher and compete with the BTC.

[NJB18]

i opened coinmarket place and i saw bitcoincash coin skyrockted to 527$ about 76% increase form its actual price

That is a normal price movement. We should take into consideration that the coin involved is Bitcoin Cash. While it is not that popular among people, there are still some avid fans of the coin. But mostly, the price movement is just an effective of a price and dump scenario.

[valr]

I haven't seen a proper answer for the price increase here. So I will give one -

It is not hype as some of the people here have speculated. Neither is it just random increase/decrease or pump/dump! It is due to the anticipation of mining profitability parity.

Bitcoin Cash's value is a direct co-relation to the percentage of BCC/BTC mining power. BCC mining was unprofitable when it forked on Aug 1st. The difficulty took some time to adjust, and then there have been multiple mining groups trying to play the block times and difficulty decrease/increase, which I will not get into here. Finally, in the past day or so, the mining profitability seems to be reaching an equilibrium - it is within 5% distance from BTC mining profitability. Check this link for up-to-date stats - https://cash.coin.dance/blocks.

The price increase is a speculation that the mining profitability will be achieved in the next few days and more mining power would be pointed to mine BCC (Right now, even the people who supported BCC and wanted to mine it might not be mining it because it wasn't profitable) and BCC would see an increase in hash power/price/support again. But as more miners point to it, the difficulty increases again, and if the transactions don't increase correspondingly on the chain, the profitability decreases again and you will see miners moving back to BTC. This is where the price goes down again. We will see this increase/decrease a few times (also because of the politics played both BTC/BCC groups with mining) until an equilibrium is achieved. This is when the price remains stable and we will find out the true value of BCC. It could eventually die away if the mining profitability just keeps going down or could live along side BTC (similar to ETH/ETC).

Also, BCC chain just saw its first 8MB block a day or two back, which pumped everyone's expectations.

[Gecko8]

I haven't seen a proper answer for the price increase here. So I will give one -

It is not hype as some of the people here have speculated. Neither is it just random increase/decrease or pump/dump! It is due to the anticipation of mining profitability parity.

Bitcoin Cash's value is a direct co-relation to the percentage of BCC/BTC mining power. BCC mining was unprofitable when it forked on Aug 1st. The difficulty took some time to adjust, and then there have been multiple mining groups trying to play the block times and difficulty decrease/increase, which I will not get into here. Finally, in the past day or so, the mining profitability seems to be reaching an equilibrium - it is within 5% distance from BTC mining profitability. Check this link for up-to-date stats - https://cash.coin.dance/blocks.

The price increase is a speculation that the mining profitability will be achieved in the next few days and more mining power would be pointed to mine BCC (Right now, even the people who supported BCC and wanted to mine it might not be mining it because it wasn't profitable) and BCC would see an increase in hash power/price/support again. But as more miners point to it, the difficulty increases again, and if the transactions don't increase correspondingly on the chain, the profitability decreases again and you will see miners moving back to BTC. This is where the price goes down again. We will see this increase/decrease a few times (also because of the politics played both BTC/BCC groups with mining) until an equilibrium is achieved. This is when the price remains stable and we will find out the true value of BCC. It could eventually die away if the mining profitability just keeps going down or could live along side BTC (similar to ETH/ETC).

Also, BCC chain just saw its first 8MB block a day or two back, which pumped everyone's expectations.

ThankYou (THNX). I appreciate very much your clarification!

[condura150]

i opened coinmarket place and i saw bitcoincash coin skyrockted to 527$ about 76% increase form its actual price

It's just a hype, it would gradually go down overtime. This only proves that bitcoin cash has no chance against bitcoin, bitcoin will forever be the king of coins and bitcoin cash will just be considered like any other altcoins out there.

[Antivoid]

I haven't seen a proper answer for the price increase here. So I will give one -

It is not hype as some of the people here have speculated. Neither is it just random increase/decrease or pump/dump! It is due to the anticipation of mining profitability parity.

Bitcoin Cash's value is a direct co-relation to the percentage of BCC/BTC mining power. BCC mining was unprofitable when it forked on Aug 1st. The difficulty took some time to adjust, and then there have been multiple mining groups trying to play the block times and difficulty decrease/increase, which I will not get into here. Finally, in the past day or so, the mining profitability seems to be reaching an equilibrium - it is within 5% distance from BTC mining profitability. Check this link for up-to-date stats - https://cash.coin.dance/blocks.

The price increase is a speculation that the mining profitability will be achieved in the next few days and more mining power would be pointed to mine BCC (Right now, even the people who supported BCC and wanted to mine it might not be mining it because it wasn't profitable) and BCC would see an increase in hash power/price/support again. But as more miners point to it, the difficulty increases again, and if the transactions don't increase correspondingly on the chain, the profitability decreases again and you will see miners moving back to BTC. This is where the price goes down again. We will see this increase/decrease a few times (also because of the politics played both BTC/BCC groups with mining) until an equilibrium is achieved. This is when the price remains stable and we will find out the true value of BCC. It could eventually die away if the mining profitability just keeps going down or could live along side BTC (similar to ETH/ETC).

Also, BCC chain just saw its first 8MB block a day or two back, which pumped everyone's expectations.

thank you for your reply, a reasonable explanation can help me hold my coins, i have not seen good news about bcc, i doubt whether it will last long before

[Linuld]

i opened coinmarket place and i saw bitcoincash coin skyrockted to 527$ about 76% increase form its actual price

It's just a hype, it would gradually go down overtime. This only proves that bitcoin cash has no chance against bitcoin, bitcoin will forever be the king of coins and bitcoin cash will just be considered like any other altcoins out there.

Yup in one day it went that many high means definitely it will come down. Those who bought last time means when it arrived this coin market and waiting for the good price. This is the best time to sell your coins and get your investment back. Becasue don't know again when it is going to dump.

[JonahCallan]

~ 566$ BCC like a joke

[eckmar]

Well I guess someone pumped it when he was buying low. Now it's time to sell, price back to something low again.

[tsaroz]

There are huge players behind Bitcoincash. It's not just a simple exchange that did that split. We have still much more to see.
Meantime, Bitcoincash shoudn't be considered a sound investment as their miners are same as bitcoin and can switch side anytime.

[Lhiedek05]

Some people will pump bitcoin cash as theybwant there want there ROI be back... But the ttuth is bcc/bch will remain alternative to bitcoin... Bitcoin will ramin as thr standard crypto

[giveen]

This can be because poloniex. They haven't listed bch for a really long time and now the holders on bch are trying to push the price. This might not be a end maybe the price will rise till $800 and start a downfall again. Or the second reason can be to push the price to sell in profit if you remember the price had fallen really fast when withdrawals were enabled and many got too many losses so now they are just trying to push the price more.

[CONANEDO]

Bitcoin cash will be at the second place after the BTC because peoples are more interesting with Bitcoin cash nowadays,it will fall but it will up again.don't forget bitcoin cash not even 1 month since it first launched.

[sulendra12]

~ 566$ BCC like a joke

When BCC came for the first time. BCC's price was around $900/BCC (0.48 BTC peak) which was a good price for new altcoin. As everyone said, it just normal pump like other altcoins but let's hope the price will remain on 0.2 BTC/BCC at least.

[rivoke]

i opened coinmarket place and i saw bitcoincash coin skyrockted to 527$ about 76% increase form its actual price

Just buy as much as possible and wait for another year !
Finally you will thanks to me since bch also share bitcoin potential so it's worth for us to invest into bch as well

[ardentvolcanoes]

There are huge players behind Bitcoincash. It's not just a simple exchange that did that split. We have still much more to see.
Meantime, Bitcoincash shoudn't be considered a sound investment as their miners are same as bitcoin and can switch side anytime.

which means that miners can dumped the value anytime they wanted after switching to this coin and if they already have enough
they will dumped it and go back to btc mining again, its a risk but maybe traders really loving this fluctuation.

[albert11]

That's the result of 8MB mined. So the price has increased. It's just a short time I think it's going to fall somewhat more slowly. But now it's our chance to earn so no more to lose. In trading there are only two conversations that increase and decrease.

[PadenoM]

Do you think it will keep rising, or will it gp down?

[JanpriX]

i opened coinmarket place and i saw bitcoincash coin skyrockted to 527$ about 76% increase form its actual price

Its been in its lowest price couple of days ago so an increase in price is somewhat expected for this coin. You can say that it is a speculative pump and dump. It will crash or slowly go down after this price surge. Don't expect that this coin will surpass BTC in any near future. Just ride the trend to earn some nice profits. 

[Similificator]

i opened coinmarket place and i saw bitcoincash coin skyrockted to 527$ about 76% increase form its actual price

I don't see any unusual thing happening here nor i expect something spectacular yet. Because this happened so maby times already on other alt coins. In fact i even expect a crash sooner or later because i think this is just a failing effort to bring the price up, maybe some big players or a bunch of people are pumping the coins to gather attention and plan to dump it when they reached a desired amount.. ohh well, we'll see.. i might get interested in it also after a few months or years if it survives.