BCC going down fast as predicted, Bitcoin started to gain

[masterbt]

Many started investing in BCC because of some investors switched and few miners followed as well. Now, it seems bcc going down fast as much as bitcoin few days ago. Still, bitcoin holds over 6000$ is a win and now investments started coming back. What do you think?

[N0ssi]

...i think it's way too early to draw a resume. The trading volume the past days was decent and has to come back to "normal" again. What we saw was probably just the FOMO after Tom Zander's tweet. But since the BTC mempool is still so goddamn huge and the transaction fees are extremly high (i paid almost 10$ fee and had to wait almost 18 hours to confirm), i think BCC has a good chance to rise even more in market cap.

My prediction for the end of November: BTC @ 5500$ - BCC @2100$

[o_e_l_e_o]

Mining BTC is once again over twice as profitable as BCH. The pump is over, the dump is ongoing, BTC will recover and BCH will crash.

[n4poleon]

I doubt that investors switched for a ripped off product. The way i see it, jihan switched mining bcash hence a significant chunk of bitcoin hash rate dropped. Most of the buying actions are coming from south korea for some reason and roger ver most probably. That's about it.

[Pearlfx]

BCC was mooning because of the fork that was scheduled for 13th, I knew it will go down as soon as the fork is over and it's already happening

[soham]

That was predicted, BCH was a bubble and many traders switched their funds to earn a quick profit. Now it has started to come back to the bitcoin market again. The good thing is that, bitcoin is strongly holding its price over $6000 and started gaining ground slowly. The only worry is the unconfirmed transactions now, this has to be cleared as soon as possible. The more miners switch back to bitcoin, the faster the queue will be cleared. we still have a little over 123 thousand transactions to be cleared.

[iamTom123]

Right now, Bitcoin is showing its strength by slowly going up within the range of $6,200 - $6,300 and this is a very decent movement considering the attack that is even happening right now. The cancellation of Segwit2x became the catalyst for the migration from Bitcoin to BitcoinCash and this whole episode should be telling us the need for Bitcoin to have a fork so it can scale itself and be able to handle such a barrage of transactions...I think this is the major issue that the whole Bitcoin community should start addressing head-on. Burying our heads in the sand is not anymore working and can be a big disadvantageous as we now have an official contended to the Bitcoin throne. We need an upgrade but if possible it should not be contentious fork but should be following the example of Ethereum where one interest is always prevailing and there is no big drama anytime a fork is done.

[vltnqefi]

...i think it's way too early to draw a resume. The trading volume the past days was decent and has to come back to "normal" again. What we saw was probably just the FOMO after Tom Zander's tweet. But since the BTC mempool is still so goddamn huge and the transaction fees are extremly high (i paid almost 10$ fee and had to wait almost 18 hours to confirm), i think BCC has a good chance to rise even more in market cap.

My prediction for the end of November: BTC @ 5500$ - BCC @2100$

It's impossible that BCH could not reach $2,100, or the world would be in a mess.Miners just choose the most profitable products to mine. If the S2X is successful, I think most will choose BTC instead of BCH.

[N0ssi]

Right now, Bitcoin is showing its strength by slowly going up within the range of $6,200 - $6,300 and this is a very decent movement considering the attack that is even happening right now. The cancellation of Segwit2x became the catalyst for the migration from Bitcoin to BitcoinCash and this whole episode should be telling us the need for Bitcoin to have a fork so it can scale itself and be able to handle such a barrage of transactions...I think this is the major issue that the whole Bitcoin community should start addressing head-on. Burying our heads in the sand is not anymore working and can be a big disadvantageous as we now have an official contended to the Bitcoin throne. We need an upgrade but if possible it should not be contentious fork but should be following the example of Ethereum where one interest is always prevailing and there is no big drama anytime a fork is done.

The answer is here, it's BCH.

...i think it's way too early to draw a resume. The trading volume the past days was decent and has to come back to "normal" again. What we saw was probably just the FOMO after Tom Zander's tweet. But since the BTC mempool is still so goddamn huge and the transaction fees are extremly high (i paid almost 10$ fee and had to wait almost 18 hours to confirm), i think BCC has a good chance to rise even more in market cap.

My prediction for the end of November: BTC @ 5500$ - BCC @2100$

It's impossible that BCH could not reach $2,100, or the world would be in a mess.Miners just choose the most profitable products to mine. If the S2X is successful, I think most will choose BTC instead of BCH.

Nothing is impossible in the crypto world. Yes, miners choose the most profitable coin - but they are a) not responsible for a high trading volume and growing price and b) are not the ones that actually use a coin. As soon as people start to recognize that there are better, cheaper and faster projects than bitcoin is, they will switch.

[Ains_sama]

they only experienced panic sales when some investors and miners moved to BCC, and in my opinion it was planned to raise the price of BCC and make a profit, big investors can do that as a BCC pump scenario and then back to BTC again

[Almat]

It is funny how fast the tables have turned. I am glad I am not one of the people who went all in on BCH. Whoever orchestrated that massive pump should really be dealt with tho. They managed to scam a lot of people.

[kieokiet]

bcc is just 1 altcoin. forever. Can not compare bitcoin and BCC. so funny . If you choose bitcoin do not compare with anything I think so

[Lucius]

The situation seems to calm and turn in favor of BTC which is up almost 4% in last 24 hours-and BCH is down 25%.Number of stucked transaction is also going down and time between blocks is less then 13 minutes in average.

It is not quite clear whether this attack finished or they still have some ammunition,but it is quite clear that they did not succeed in intent to impose BCH as the main coin.Just do not panic,after the rain always comes the sun

[Jet Cash]

I suspect that there may be a number of people who have the same stance as me. I sell domain names and try to acquire Bitcoin as a store of wealth. I have been given some Bitcoin cash ( not a lot), and I always accept free money. I'll run a BCC node to claim my small holding, and I'll have a look to see if I can spend it. If I can find a domain registrar that will accept BCC, then I might start accepting BCC for minor domain name sales. I won't be keeping BCC as astore of wealth though. It has made me think of running a wallet for another alt - either from a Bitcoin fork, or one of the more established alts.

[masterbt]

The situation seems to calm and turn in favor of BTC which is up almost 4% in last 24 hours-and BCH is down 25%.Number of stucked transaction is also going down and time between blocks is less then 13 minutes in average.

It is not quite clear whether this attack finished or they still have some ammunition,but it is quite clear that they did not succeed in intent to impose BCH as the main coin.Just do not panic,after the rain always comes the sun

Now roles are starting to reverse and btc touches 6500$

[cybersofts]

Bitcoin Cash BCH is the true definition of BUBBLE.
As we all witnessed it few days ago. The value just keep getting higher for no serious reason.
Bitmain switching to bitcoin cash and so what? McAfee and Bobby Lee tweets endorsing bitcoin cash?
Oh, come on! I thought many guys are better than this till now... LoL - I see no way i was buying into that pump!

[lemonscentedbreeze]

Many started investing in BCC because of some investors switched and few miners followed as well. Now, it seems bcc going down fast as much as bitcoin few days ago. Still, bitcoin holds over 6000$ is a win and now investments started coming back. What do you think?

I think it will come back sonner or later and would still be able to reach a 10k$ mark before this year ends.

[masterbt]

Many started investing in BCC because of some investors switched and few miners followed as well. Now, it seems bcc going down fast as much as bitcoin few days ago. Still, bitcoin holds over 6000$ is a win and now investments started coming back. What do you think?

I think it will come back sonner or later and would still be able to reach a 10k$ mark before this year ends.

Now it is over 6700$. The honeymoon for bitcoin cash is over

[LTU_btc]

Looks that Bitcoin Cash party is over, price is falling. Nothing unexpeted, it had to happen. People made profit from BCH and they come back to BTC. Attack against Bitcoin seems ended. I believe that people under BCH may try to attack Bitcoin again in future and we have to be prepared for it. Don't panic, hodl your btc and try to make profit from bch pump if you know what to do.