Post
Topic
Board Altcoin Discussion
Re: Bitcoin Vs Bitcoin Cash
by
exstasie
on 01/08/2017, 10:44:48 UTC
What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?

BCC? Its just an another altcoin and speaking on the price of it, it wont be the same value as bitcoin as far as I know and hear of its price is on the range of $400+ (correct me if I'm wrong-I just hear this thing and I don't know where they did get such information.) For sure BCC price would really dump on this case since people would see this as a free money from their bitcoin holdings.

I think there's a flaw in this line of reasoning. For BCC to hold at such prices (in the hundreds of dollars, for instance), even as people are dumping into it for "free money", wouldn't that also mean there is a lot of accumulation occurring? The fact that you can dump means there is buy liquidity, which means there is real demand.

It'll be interesting to see where BCC is in a month or three. These futures markets are very unreliable; we really have no idea what demand looks like. And further, demand might depend on how much hash power, services and exchanges follow Bitcoin Cash. In any case, get your popcorn ready.