So anyone know what is behind the BCC rise in the past 2 weeks while the rest of the market is slowly falling? BCC has gone up over 10% in the last week. I thought this was supposed to go down forever.
Markets aren't always rational and crypto markets are easily manipulated. BCC is worthless. Any price above 0 is too expensive.
BCC is a token with blockchain and wallet, Why is it worthless? Because someone used it to scam people? So the US dollar is also worthless because someone use it to trade drugs and another person used it to scam people?
Not being sarcastic, just asking a question.
The USD is backed by the state and is almost globally accepted as a currency which means it is well adopted. You can universally trade it for other goods.
BCC has neither adoption nor is backed by anything.
People poured $1.5B into EOS, at this time it is completely useless and there is no backing other than some theoretical future project that could compete with Eth. There is no blockchain, no POW, wholly owned and minted by one or a few individuals collecting the money.
BCC can be traded for BTC then for Fiat. In fact if you got in the ICO for BCC at 50 cents you are still up 500%.
How many ICOs are up 500% since inception?