Quote from: JohnBitCo on August 20, 2017, 07:11:46 AM

Quote from: suvo05 on August 19, 2017, 06:11:16 PM

After 1st aug BCH value getting down as it was expected and 2 days ago it was about 0.07btc/bch. It was also expected that it would be more down after 14th Aug as poloniex credited bch to their customer that day and was expected that it will me dumped. But now it is surprising last two days .It price rise up nearly 0.2btc/bch. Is it threat to BTC market??

For a common man, this increase in BCH price looks like an alien thing as everyone was predicting it to fall high time. But if we look at the facts, we shall come to know that since BCH was distributed free from the hardfork, this made most of people to sell their free Bitcoin cash and got BTC instead. This happen in the last few week and price was consistantly dropping because of this high selling. But then when those people emptied their BCH, the real miners and investors left and they start purchasing it to make its price rise again.

The contrarians who understand market sentiment and remember the ETH/ETC split knew better than to follow these predictions. When everyone expects one outcome (e.g. for BCH price to plummet and for the chain to die from lack of use and hash power), the opposite will likely happen.

I highly doubt that Bitcoin Cash is viable long term (compared to Bitcoin), but it's certainly just as viable as many altcoins. I could see it remaining in the top 10 if Bitmain is willing to keep sponsoring it. Now that it's more profitable than BTC to mine, it's not a bad deal, either...