Invested in BCC?

successwithfun (18)in #cryptocurrency • 7 years ago

Important advice from my side

Price increase is just a fake price it is boosted price to take profit by some investor

so please do not invest in bcc now because the price is going down day by day

Price after 4 aug. is much lower than this price(now)

7 years ago in #cryptocurrency by successwithfun (18)

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tobixen (62) 7 years ago (edited)

This seems like bare speculation, you should back up your statement with sources or analysis.

That said, I do believe you're right, for the following reasons:

Some big-block-fanatics want to buy BCC just to support the new currency. They can do that already through several exchanges, and this is keeping the price up.
Some small-block-fanatics want to dump their BCC no matter the price, just to show their disgust to the project. It's very hard to do now, since almost no exchange is supporting BCC so far.
I actually believe that from a technical point of view, BCC is more sound than BTC - but still, BTC has the network effect, BCC hasn't. Bitcoin is still the king of the hill due to the network effect. Compared to the broad amount of alts out there, BCC has no real value proposition - so on the long term, we should expect the price to fall.

Still, BCC is still a worthy competitor to Litecoin. I don't ever think the price of BCC will be lower than LTC.

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