It might still be too early to tell but I think it's begun gents. Take a look at the 15min, 30min, and 1 hours charts!  There's a lot of people buying in now. The price movements are huge compared to the last few bars /candles.

ZCASH (ZEC) has just been added to Bithumb a very big exchange in South Korea. When Bitcoin Cash, Monero and Litecoin were added in that same exchange, they shot off three times their values. There was just premature buying last week that caused ZEC price to surge. Two days before ZEC actually activated for trading in Bithumb, an employee told everyone he knew, got his friends excited, they bought in, price ramped up but the Korean public couldn't buy in because they could only buy in at October 1, so that stopped what would've been a huge run up.

I think people bidding to buy are just trying to get a good price and 'weak hands' keep giving in out of fear. ZEC will creep back up. Why shouldn't it? It's still as good a project as it's ever been. In fact Edward Snowden tweeted that it is probably the most secure, privacy-centric coin there is at the moment. And when people, especially the Koreans, begin to see it, they will buy in and accelerate the price to go up. If it's just as good as last few times, we can expect the price to rise at least three times, in, around or hopefully above the $800 - $900 range.

So I say get in quick if you're not in already, get these good prices now and wait for the ride.

I'm wildly speculating here, of course. I'm happy to hear what the rest thinks.

Now, I would consider cryptos to be inefficient. That's a good thing because our competitors are fellow humans, we are all eyeballing the same charts, reading to get a feel for the market. Prices sort of make sense. You can explain it because you can know enough as an individual to process it.

When I use to trade forex automatically, my buys and sells had nothing to do the fundamentals. I did not care reading about the news, bothering where to buy and or sell. I really had no need to look at charts. I just looked at my results and tweaked the system. Boring. I had to do it because forex was so big and nothing made sense. You could read as much as you can and try to get as much information as you can but you will never know enough to trade as a human 'eyeballing', 'feeling' or understanding the market. Cryptos at the moment is great because you can still trade as a human (manually). Because of it, prices were able to go so high (and also crash phenomenally). That's a good thing in trading.

With automated trading, I think you will see a lot less phenomenal price hikes (and also price dips) because as the market becomes more efficient, prices would tend to revert back to the average as soon as they become even slightly overbought or oversold. The good thing is that at the moment, no one knows what the true value of these cryptos are. Prices will therefore continue to move in unpredicted ways. Because of this, I think many algorithms/automated trading will suffer great losses at some point since most will likely not have the data to have tested such adverse conditions when they do occur. That hopefully, discourages their use.

I think if you are going to use the Ethereum and Ethereum Classic example, then you would have to say that BTC is like Ethereum Classic and Bitcoin Cash is like Ethereum, not the other way around.

Ethereum Classic was the one that held on to the original blockchain, that is why it is called 'classic'. Ethereum is the one that worked on the 'improved' blockchain. (Improved in this case was cleaning up the blockchain to remove records of a big theft having taken place)

In that case, the original (ETC) sort of got left behind and the newer one, which managed to keep the name Ethereum, took off.

BTC is the one that is hanging on to the old code. BCH is the one that made some changes on it.

Yes, I think BCH (Bitcoin Cash) is a threat to BTC (Bitcoin) because they share the same resources: miners.

BCH is merely a fork of BTC. Forking open source projects is normal in programming. Some people here say, it just split because of a cash grab. I do not think that's right. It was made because the people behind it just had a different opinion as to how BTC should solve its long standing issues of congestion. The only problem was the BTC community was deadlocked for two or so years unable to move forward. So they just forked/duplicated bitcoin and made the limit change from 1MB to 8MB. This, they thought, was the best option to handle congestion. The rest (those left behind doing BTC) can continue working with their own ideas like Segwit, Segwit2x and/or Lightning Network with the old BTC.  

As a user myself, I find it ridiculous that you have to pay such high fees and wait so long just to get your transaction approved. For a wannabe currency, Bitcoin is definitely not doing a good job at that. Wasn't the point of Bitcoin to become a usable currency? It's definitely crap at doing that right now. But with BCH, you get cheaper transaction fees and quicker confirmations.

For a currency to win, I think it must really give the benefit of being used as currency. When I want to buy coffee with it, I wouldn't want to pay double or triple the price of coffee for my transaction costs and the merchant has to wait for days for my coins to drop into his wallet. To me, the decision is as simple as that. I would bet on a currency project that is catering for user's and merchant's needs.

At the moment, things are stabilizing for BCH. I think there's enough reason to hang on to your BCHs.

If you want more, this article gives a good primer: http://marquezcomelab.com/index.php/bitcoin-network-getting-really-congested-and-time-it-serious-worry

Yea, I thought that too. I am certainly not at the techy level to argue for or against it but it seems to make sense to me.

If the author's analysis is correct, I'm thinking one of the indicators is that Unconfirmed Transactions will pile up. So far, there are 93740. I remember last time I used Bitcoin to transact, I think the Unconfirmed Transactions were around 60000 and I had to wait for days to have my transaction confirmed.

I don't think it is looking good for BTC.

I just read articles from a website explaining how Bitcoin BTC will go down in value to zero (dieing, as you say) because miners and users will start switching to Bitcoin Cash BCH. I am not in the mining business nor do I really understand how blockchains work exactly but the article seems convincing enough for me. Have a read at this article and let me know if the author's argument convinces you or if you think there's faults in his assumptions.

Article Title: Chain Death Spiral - A Fatal Bitcoin Vulnerability
URL: https://bitcoinandtheblockchain.blogspot.be/2017/08/chain-death-spiral-fatal-bitcoin.html

Article Title: BTC is dead - Long live BTC.
https://bitcoinandtheblockchain.blogspot.be/2017/08/btc-is-dead-long-live-btc.html

Hey,

Just letting you know, I have a similar experience. I also thought I got hacked but when I looked at the details of the transactions, they were the same I tried to push through the week before. I posted my story here: https://bitcointalk.org/index.php?topic=1927483.msg19156763#msg19156763

I just contacted Blockchain.info because it's past 72 hours when they said it should resolve.

I was communicating with them using email. I just found out that you can log on this website https://support(dot)blockchain(dot)com/ to access your Support Tickets with them. It's a lot easier than trying to dig up your emails.

Let me know how you go. I'm also am quite confused. I am worried that after waiting this long, the transactions get resolved but will my blockchain.info wallet re-send past transactions again, over and over, in an infinite loop as you say. Which, as I understand it, is not good because your wallet gets flagged for double-spending and of course I want to be able to eventually move my Bitcoins out of that wallet.

Nope that's not me. The registration did not go smoothly but I do not think it generated a new user. It was just some problem with the cookies.  Let me find his thread where he talks about his issue. If you have the link, please paste it here if you can. Thanks.

====

Update, I found his message and replied with him there. Thanks for letting me know.

I have the same situation with Blockchain.info. The history is not showing on the desktop client. But it is showing on the Blockchain.info app. I contacted them and they said they are expecting it fixed within 72 hours. That was 68 hours ago and it hasn't been fixed yet. They did not say more what it could be.

My account had a weird thing happen. The week before (between the 8th to the 14th May 2017), I sent through three transactions. They remained unconfirmed for days. Then they dropped out of the blockchain and I see the funds got returned to me. I tried again, but still those transactions remain unconfirmed since the 19th of May.

Then at night, the transactions that I tried to resend the week between 8-14th, got resent while I was sleeping. I thought someone stole my Bitcoins but it doesn't look like it because they look like duplicates of what I tried to do.

I'll follow up with them later. I'll let you know how I go. Please advise me of your progress also.