After Over $400,000,000 Of Trade Volume For Bitcoin Cash It Is Still Worth Over $400 USD
Well that is a surprise. It looks like both bitcoin and bitcoin cash are holding strong. There was the idea that bitcoin cash would be sold like crazy when people got there hands on it and the price would plummet. There was also the idea that the value of bitcoin would proportionally go down as the value of bitcoin cash went up. But bitcoin is still around 2,700 and bitcoin cash is over 400. So yeah...
It is still to early to see what is going on with bitcoin cash, this might be a pump from people who want to sell their free coin for a lot before it plummets or maybe the coin is going to hold its own. And on top of that who knows what is going on with alt coins. Soon the attention is going off of bitcoin and bitcoin cash. I was hoping there would be a major drop in prices so I can pick some up cheap this week but I doubt that will happen.
This is not investment advice, if it is it would be pretty crappy :p.
**@funny is also my account
Yeah, I am HOPING to convert some eth into BCH to see if I can make some extra money. Looks like we'll both be waiting a while lol ;)
lol at least I am not alone :p.
Wow, great post
I think it's only holding up right now because you can't actually transfer any BCC to an exchange.
So everyone pulled their BTC out to a private wallet for the fork and exchanges aren't accepting BCC deposits yet so the only real trading is happening with coins that were given to users by exchanges that supported the BCC fork, like Bittrex, and gave users BCC directly on the exchange.
So right now you have a ton of people holding BCC that can't get it onto an exchange to dump it.
We'll have to see how well it holds up once the market actually fully opens and becomes liquid.
My guess is that it's not going to do to well, but who knows!