BCH '3x' Boost at November? Bitcoin Cash Closes on Record High

[MrKnight8686]

Bitcoin cash is on fire.

As per CoinMarketCap data, the bitcoin cash-U.S. dollar (BCH/USD) exchange rate rose to a three-month high of $498 at 12:59 UTC 1st, November. The cryptocurrency's record all-time high of $920 was set on Aug. 19.

On a monthly basis, BCH is now up a staggering approximate 300 percent.

The gains come amid rising speculation that the surprise cancellation of the Segwit2x hard fork this week means bitcoin may become more of "store of value" than a specialized protocol for day-to-day payments.

So far, the news appears to have strengthened the appeal of alternatives seeking to better serve this use case.

For example, bitcoin cash supporters have been boasting its appeal as a network with larger blocks (and therefore, theoretically, more capacity), encouraging some investors to move out of bitcoin and into bitcoin cash. A few supporters are even going so far as to envision an eventual (but probably unlikely) "flippening" could occur if BCH overtakes bitcoin.

Still, CoinMarketCap data also shows that the BCH rally is being fuelled by exchanges offering BCH/KRW pairs and BCH/BTC pairs.

So will the rally continue?

[remember]

i heard somewhere they told that bch will up to 2000. lets see 

[wry]

I was not a bitcoin cash fan until I read a coindesk article that quoted a Chinese miner executive saying, "Bitcoin Cash is Bitcoin, we may mine Bitcoin, but we sell it all for Bitcoin Cash."  That's a pretty strong endorsement and has stuck with me.

I'm not a big fan of how the Bitcoin Cash coin was introduced, but clearly it may have a purpose and user base.  I don't see any transactional advantage for it compared to say Litecoin, but clearly it's not going away and it will be interesting to see how Coinbase handles their impending distribution or if someone like Bitpay starts taking it.  That would be very encouraging.

[wilberthh]

16 minutes ago, wry said:

I was not a bitcoin cash fan until I read a coindesk article that quoted a Chinese miner executive saying, "Bitcoin Cash is Bitcoin, we may mine Bitcoin, but we sell it all for Bitcoin Cash."  That's a pretty strong endorsement and has stuck with me.

I'm not a big fan of how the Bitcoin Cash coin was introduced, but clearly it may have a purpose and user base.  I don't see any transactional advantage for it compared to say Litecoin, but clearly it's not going away and it will be interesting to see how Coinbase handles their impending distribution or if someone like Bitpay starts taking it.  That would be very encouraging.

I read about it too at bitcointalk.org

Pretty sure bitcoin cash price will pumped up again as there's a lot of rumours saying that 'Miners from China wanted to make the price of bitcoin cash to surpass bitcoin'.

Let's see how it goes

[skillex]

On 11/12/2017 at 9:22 AM, MrKnight8686 said:

Bitcoin cash is on fire.

As per CoinMarketCap data, the bitcoin cash-U.S. dollar (BCH/USD) exchange rate rose to a three-month high of $498 at 12:59 UTC 1st, November. The cryptocurrency's record all-time high of $920 was set on Aug. 19.

On a monthly basis, BCH is now up a staggering approximate 300 percent.

The gains come amid rising speculation that the surprise cancellation of the Segwit2x hard fork this week means bitcoin may become more of "store of value" than a specialized protocol for day-to-day payments.

So far, the news appears to have strengthened the appeal of alternatives seeking to better serve this use case.

For example, bitcoin cash supporters have been boasting its appeal as a network with larger blocks (and therefore, theoretically, more capacity), encouraging some investors to move out of bitcoin and into bitcoin cash. A few supporters are even going so far as to envision an eventual (but probably unlikely) "flippening" could occur if BCH overtakes bitcoin.

Still, CoinMarketCap data also shows that the BCH rally is being fuelled by exchanges offering BCH/KRW pairs and BCH/BTC pairs.

So will the rally continue?

Im impressed by what BCH shows recently and until today but I higly doubt BCH will overtake what Bitcoin becomes, but we dont know if ever this speculations also about bitcoin that it will hit the Bitcoin Bubble ,hopefully thats not what we are praying for to happen.

[Sraboni]

I am planning to buy some bch let see!

[testB]

It's doing pretty well these last few days, it's a shame I sold at 300. One of many poor decisions I've made. 

 

It's had some ups and downs since that rally between the 9 and 12 of Nov, but it's worked its way up to 2350 right now. 

[ivanaudris]

Bitcoincash is so expensive now, and I think this is not the end. Bitcoincash will be $10k by the end of 2018 I sure.

[akki785]

I'm regretting for what I've done to my free 0.5BCH got from various sources. Sold it at around $300 back in october. I wish I could hold then a little more. I'm such a moron..

Damn luck..