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Not surprisingly, when BCH started, it ran up about $150 and at the same time, BCT fell by a similar amount (approx $2800 to $2650). And as BCH slowly falls, BC
by jnordwick 9y ago
Not surprisingly, when BCH started, it ran up about $150 and at the same time, BCT fell by a similar amount (approx $2800 to $2650). And as BCH slowly falls, BCT is slowly climbing. Which makes sense if you view this as an equity spin-off.
I would expect this relationship to hold -- that for every dollar BCH gains, BCT is prevented from gaining a dollar. Unless somebody has some good reason this wouldn't be the case.
At the same time ETH ran up from about $205 to $225.
- tlrobinson 9y ago(I assume you mean BTC not BCT) I would expect the total value to decline if there's not one clear winner, since the value somewhat depends on network effects (e.g. Metcalf's Law)
- sobani 9y agoFor posterity it's notable that at this moment BTC is at $2694.88, while BCH is at $691.94. Following your assumption that means that the split increased the total value by about $600! Make of that what you will. :)
- jnordwick 9y agoWhere did you get that price from because i dont see that BCH has been anywhere close to that since yesterday.
- sobani 9y agohttps://coinmarketcap.com/currencies/bitcoin-cash https://coinmarketcap.com/currencies/bitcoin-cash I did happen to write my comment around the top of the price chart, as the current price is $447.