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Despite having a higher hashrate than expected, the price of BCC is crashing towards 1/10 of a bitcoin. The network effects and name recognition of Bitcoin are too strong.

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More markets are opening; bittrex [1] just opened and the price is now moving upwards pretty steadily (they opened at ~0.079 BCH/BTC and are now over 0.12), with good volume, 780 BTC ~= $2.1M so far

https://bittrex.com/Market/Index?MarketName=BTC-BCC

The bittrex price appears to have diverged quite sharply from, for example, the ViaBTC price[1]. At the time of posting this ViaBTC is 0.127 BCH/BTC and bittrex 0.194 BCH/BTC. I think this may be because ViaBTC is accepting BCH deposits and bittrex isn't.

[1] https://www.viabtc.com/quot/realtime?currency=btc&dest=bcc&c...

It's interesting to note the trend for the various BCC/BTC markets: the more volume the lower the price[1]. It could be a symptom of most of the volume being sellers dumping into bids.

[1] https://coinmarketcap.com/currencies/bitcoin-cash/#markets

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