caretaker (OP)
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Activity: 27
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November 10, 2017, 11:59:27 AM |
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What is happening to Bitcoin Cash at the moment?
It's already on 850$ and seems to be increasing more and more. Anyone knows the reason for that?
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qwizzie
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Activity: 2548
Merit: 1245
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November 10, 2017, 12:07:45 PM |
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What is happening to Bitcoin Cash at the moment?
It's already on 850$ and seems to be increasing more and more. Anyone knows the reason for that?
Segwit2x suspension / cancellation is driving people/traders/miners who really do want a larger blocksize and lower fees towards Bitcoin Cash (which has 8mb blocksize and lower fees). I think some cash will also flow to Dash now, which will soon have 2mb blocksize and pretty much the lowest fees of them all. This is a battle of value of store (Bitcoin) versus value of usability (Bitcoin Cash / Dash) |
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
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Red_Sanford
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November 10, 2017, 01:03:16 PM |
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What is happening to Bitcoin Cash at the moment?
It's already on 850$ and seems to be increasing more and more. Anyone knows the reason for that?
Segwit2x suspension / cancellation is driving people/traders/miners who really do want a larger blocksize and lower fees towards Bitcoin Cash (which has 8mb blocksize and lower fees). I think some cash will also flow to Dash now, which will soon have 2mb blocksize and pretty much the lowest fees of them all. This is a battle of value of store (Bitcoin) versus value of usability (Bitcoin Cash / Dash) This makes sense. It seems that the people and speculators vs the miners are making this happen. There wasn't enough support among the miners to activate the fork so I don't think they have enough leverage to make BCC move like this |
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AyaYotoko
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November 10, 2017, 01:08:27 PM |
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It's a great news for BCH when 2x was cancelled. I too was happy with what has happened.
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skinomanl
Full Member
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Activity: 196
Merit: 100
Comprehensive Blockchain Billing Protocol
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November 10, 2017, 01:10:18 PM |
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It's a great news for BCH when 2x was cancelled. I too was happy with what has happened.
But I do not see a connection between the cancellation of S2x and the rise in the price of this coin. It seems to me that this is just artificial pumping. And soon the price of this coin will fall again |
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equator
Legendary
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Activity: 1190
Merit: 1002
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November 10, 2017, 01:11:44 PM |
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What is happening to Bitcoin Cash at the moment?
It's already on 850$ and seems to be increasing more and more. Anyone knows the reason for that?
Segwit2x suspension / cancellation is driving people/traders/miners who really do want a larger blocksize and lower fees towards Bitcoin Cash (which has 8mb blocksize and lower fees). I think some cash will also flow to Dash now, which will soon have 2mb blocksize and pretty much the lowest fees of them all. This is a battle of value of store (Bitcoin) versus value of usability (Bitcoin Cash / Dash) Not only the cancellation of SegWit2x is the reason for BCH pump but even failure of BTG hardfork is also the main reason why all miners are thinking that BCH is the correct one to match the BTC for blocksize like what you said. |
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daylox
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November 10, 2017, 01:12:35 PM |
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What is happening to Bitcoin Cash at the moment?
It's already on 850$ and seems to be increasing more and more. Anyone knows the reason for that?
Segwit2x suspension / cancellation is driving people/traders/miners who really do want a larger blocksize and lower fees towards Bitcoin Cash (which has 8mb blocksize and lower fees). I think some cash will also flow to Dash now, which will soon have 2mb blocksize and pretty much the lowest fees of them all. This is a battle of value of store (Bitcoin) versus value of usability (Bitcoin Cash / Dash) Good analysis, anyway, there is segiwt2x made by bitpico is confirmed, the hard fork still goes on, no suspension or cancellation. That is why BCH has a hug pump because of other weak forks(btg and b2x) |
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miracles-can-happen
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Activity: 11
Merit: 0
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November 10, 2017, 01:15:01 PM |
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Came down now pretty quick..Damn, I missed out on that spike.
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Norihiro
Full Member
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Activity: 448
Merit: 102
APOLLOX Protocol
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November 10, 2017, 01:15:01 PM |
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What is happening to Bitcoin Cash at the moment?
It's already on 850$ and seems to be increasing more and more. Anyone knows the reason for that?
Segwit2x suspension / cancellation is driving people/traders/miners who really do want a larger blocksize and lower fees towards Bitcoin Cash (which has 8mb blocksize and lower fees). I think some cash will also flow to Dash now, which will soon have 2mb blocksize and pretty much the lowest fees of them all. This is a battle of value of store (Bitcoin) versus value of usability (Bitcoin Cash / Dash) Very accurate! But - it is quite possible that there will be a hardfork in future, isn't it? If it is so - people who are moving their investments into dash\btcc - put their money on risk...Because when there will be a hardfork - btc will fly high. |
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bathrobehero
Legendary
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Activity: 2002
Merit: 1051
ICO? Not even once.
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November 10, 2017, 01:27:56 PM |
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What is happening to Bitcoin Cash at the moment?
It's already on 850$ and seems to be increasing more and more. Anyone knows the reason for that?
Segwit2x suspension / cancellation is driving people/traders/miners who really do want a larger blocksize and lower fees towards Bitcoin Cash (which has 8mb blocksize and lower fees). I think some cash will also flow to Dash now, which will soon have 2mb blocksize and pretty much the lowest fees of them all. This is a battle of value of store (Bitcoin) versus value of usability (Bitcoin Cash / Dash) It's absolutely pointless for Dash to have 2MB blocks, their current blocks are empty as it is:  Or: https://bitinfocharts.com/comparison/dash-size.htmlBased on eyeballing, the avarage blocksize seems to be roughly around 12 KB which is only 1.17% of the full capacity. So it's kind of just a marketing ploy than anything else. Otherwise I agree with your assesment. |
Not your keys, not your coins!
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svojoe
Legendary
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Activity: 968
Merit: 1000
einc.io
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November 10, 2017, 01:32:27 PM |
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I guess it's no more than just another market manipulation from some whales due to cancellation of segwit2X hardfork. It's very convenient moment to do this  |
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oegarod
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November 10, 2017, 01:38:40 PM |
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Weeks back bitcoin cash was found growing along with bitcoin. Now bitcoin doesn't show signs of growth, but bitcoin cash records new ath each day. Some gas mentioned the cancelation of segwit2x to be the reason for the price pumping, whereas some indicate the growth to be the phenomenal investment based. Can get a clear answer soon while getting close to the schedule day of segwit2x.
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BitcoinReseller
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November 10, 2017, 01:44:10 PM |
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another pump for bitcoin cash, nothing new for me
this is 2nd time bcc hit 0.05 btc then pump again to 0.14 btc it will drop again to 0.06 btc like it's usual.
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coingrow
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November 10, 2017, 01:45:55 PM |
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There was a lot of anticipation for the segwit2x which got cancelled and this is one of the main reason that people who were rooting for 2x are now putting their money in Bitcoin cash. Large block size and low fee makes sense actually.
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tutkarz
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November 10, 2017, 01:51:22 PM |
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I heard few miners are buying bch for long time now. That means most coins will end up in few hands. I am not going to invest in things like that.
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coinmediaco
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Activity: 61
Merit: 10
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November 10, 2017, 01:53:45 PM |
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it's best chance to sell bitcoin cash and exchange into bitcoins  |
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