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Bitcoin Cash has a higher trading volume than Bitcoin now. How is this possible? https://coinmarketcap.com/currencies/bitcoin-cash/ https://coinmarketcap.com/

Bitcoin Cash has a higher trading volume than Bitcoin now. How is this possible? https://coinmarketcap.com/currencies/bitcoin-cash/ https://coinmarketcap.com/currencies/bitcoin-cash/ https://coinmarketcap.com/currencies/bitcoin/ https://coinmarketcap.com/currencies/bitcoin/

discombobulate 9y ago
XBT not being used as a currency & bcash being traded heavily. (First thing that comes to mind).
- discombobulate 9y ago
  David Sacks said in an int that crypto is at da Internet's 1999 prices w/ the tech of 1995. Bunch to build. Best to invest in durable shit. Not hype coins or vapourware white papers, IMHO.
chx 9y ago
Obviously the newer Ponzi has bigger payout for a while. Nothing to see here, move along.
chunwu 9y ago
It is 24h volume. In short term, it could get lots of attention considering its recent hype.
RandomInteger4 9y ago
Volume spoofing? Big players like Ver making it look less lonely to entice people over since transaction fees are so low right now that they can afford to pay them for the sake of spoofing volume. Similar to how Jihan and friends spammed (currently spamming?) Bitcoin with empty blocks to take advantage of a weird loophole for the sake of the block mining reward and to increase the mempool volume to raise fees to miners.
- 0x4f3759df 9y ago
  So volume spoofing is you and me sending 100 BCH back and forth, but its undetectable because we're smart enough to use a different address each time...
  - RandomInteger4 9y ago
    Something like that. Was mostly speculation (ba dum, tisch!), but thinking about it further, it seems like the transaction fee is too high for it being high volumes of individual transactions. Looking up the number of transactions on BCH, it seems like the volume per transaction must be much higher to get this overall volume, because the number of transactions is an order of magnitude smaller than bitcoin (~10%) [1] [1] https://bitinfocharts.com/comparison/transactions-btc-bch.html#3m https://bitinfocharts.com/comparison/transactions-btc-bch.ht...
andirk 9y ago
My hunch is that BCH is being artificially pumped by the small group that created and backed it. The fact that they have "Bitcoin" in their name makes me think they are delusional and willing to bet hard on their leap of faith. It's also strange to me that each BTC grew a BCH with a high fiat value, like value just appeared out of nowhere.

discombobulate 9y ago

XBT not being used as a currency & bcash being traded heavily. (First thing that comes to mind).

discombobulate 9y ago
David Sacks said in an int that crypto is at da Internet's 1999 prices w/ the tech of 1995. Bunch to build. Best to invest in durable shit. Not hype coins or vapourware white papers, IMHO.

chx 9y ago

Obviously the newer Ponzi has bigger payout for a while. Nothing to see here, move along.

chunwu 9y ago

It is 24h volume. In short term, it could get lots of attention considering its recent hype.

RandomInteger4 9y ago

Volume spoofing? Big players like Ver making it look less lonely to entice people over since transaction fees are so low right now that they can afford to pay them for the sake of spoofing volume. Similar to how Jihan and friends spammed (currently spamming?) Bitcoin with empty blocks to take advantage of a weird loophole for the sake of the block mining reward and to increase the mempool volume to raise fees to miners.

0x4f3759df 9y ago
So volume spoofing is you and me sending 100 BCH back and forth, but its undetectable because we're smart enough to use a different address each time...
- RandomInteger4 9y ago
  Something like that. Was mostly speculation (ba dum, tisch!), but thinking about it further, it seems like the transaction fee is too high for it being high volumes of individual transactions. Looking up the number of transactions on BCH, it seems like the volume per transaction must be much higher to get this overall volume, because the number of transactions is an order of magnitude smaller than bitcoin (~10%) [1] [1] https://bitinfocharts.com/comparison/transactions-btc-bch.html#3m https://bitinfocharts.com/comparison/transactions-btc-bch.ht...

andirk 9y ago

My hunch is that BCH is being artificially pumped by the small group that created and backed it. The fact that they have "Bitcoin" in their name makes me think they are delusional and willing to bet hard on their leap of faith. It's also strange to me that each BTC grew a BCH with a high fiat value, like value just appeared out of nowhere.