Post
Topic
Board Speculation
Re: BCC taking the crown.
by
Bancorholder
on 05/08/2017, 15:32:55 UTC
I like this FUD. But I think it won't happen until November.

If nothing happens between now and end of November and BCC remains at around 0.06BTC or less I will probably abandon the belief that BCC is taking the crown. At that point I will just find solace in the fact that BCC will just be analogous to ETC and will still go up in value, just not as much.

I don't mean to spread FUD. I am merely speculating and trying to make money from it. Next week I plan to take a position in BCC/BCH. I personally don't believe most of our opinions will matter in what happens. In the end, the miners will decide what happens with Bitcoin. If BTC does well and goes up to 10k, I can see BCC trailing it at 1k so no matter which way it goes it will work out for me I think.


I can't think of a single reason why miners wouldn't switch en masse to the BCC chain, mining is a selfish business, they go where there is profit to be made.
Unless Bitcoin reaches like $8.000 within 6 days it will be more profitable to switch.

Many pro-BTC people are saying that BTC mining is still more profitable than BCC. I'm no expert in this field but the counter argument is that BCC can adjust difficulty whereas BTC (segwit or segwit2x) will not have this key feature unless they HF and implement it. Also it has been alluded that if big blockers suddenly switch to mining for BCC, that will be enough to grind BTC transactions to a halt and as I mentioned earlier, BTC has no difficulty adjustment like BCC so it would be in trouble.