Post
Topic
Board Altcoin Discussion
Re: Is BitcoinCash a joke?
by
pdpanzer
on 02/08/2017, 03:07:55 UTC
I wonder of "We the People", as in 40 billion $, will trust a 3 month old website and a lame copycat of the Bitcoin Core software.
To be fair, being a copycat is kind of a good thing. Their code is likely to be less buggy if they copy the tried and tested code and only modify small amounts of it themselves.

Anyway, I suppose we'll have to find out after August 1st who the market supports.  I agree that Bitcoin Cash doing to well is unlikely - kwukduck started a thread saying that it would do well, so now I'm quite convinced that it won't.

Now is August 2 and we saw that the bcc or the bitcoin cash is not a joke, hence, it is an interesting coin because the value of it rises but not that much compared to the original. I can see a potential to this coin, I'd aldo like to invest in these but not that much, maybe it is because of their first bloom that's why they rise their value already, for me bitcoin is still the best.

The value rises, because the ONLY supply of BCC are some exchanges that did clients the favor of managing their BCC wallet (including the splitting). So the total amount of coins that can be SOLD is limited by those that remained -against all advise- BTC on exchange. The rest will have to wait until wallet opens. Noteworthy, we only seen less than 50,000 coins traded. But there are over 20,000,000 coins that people may want to trade for something else as soon as the first exchange opens transfers.

WARNING: current price of BCC is the price of the coins that happened to be converted from clients on the exchange that owned BTC at fork time, settling with those that for some reason don't want to wait for the cheap supply from those on Wallet. This is not advise - it's just observing that the vast majority of BCC cannot be moved to an exchange to trade for something else until the Exchanges open deposits for BCC.