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by GigabyteCoin
3250 days ago
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>Indeed, the cryptocurrency is currently trading at $461, meaning it's worth about 18% of bitcoin's current price of $2,568, in an already-open futures market. This statement needs a lot of asterisks added to it imho. BCC has been trading at $600K USD volume in the past 24 hours [0] compared to Bitcoin's trading volume topping over $600M USD in the same time period. BCC futures have only been trading on a single, unpopular exchange, that does not allow withdrawal of the coins being traded until only after the fork takes place. If you can send them BCC to trade before the fork, I fail to see why you can only cash out after the fork. I'm all for Bigger Blocks, but claiming that BCC has 18% support of the community based on that single price valuation is extremely misleading imho. From a volume standpoint, I would argue that it has less than 1% support of the community at large. [0] https://coinmarketcap.com/currencies/bitcoin-cash/ |
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