Screencap of BTC/BCC market on Huobi.com
Like a lot of Steemians, I've been watching the whole Bitcoin Cash (BCH or BCC, depending where you look) fork very closely today. I'm hoping I can make a nice profit on the tiny amount I have at Huobi.com, a Chinese exchange.
As you can see on the chart here, it's a bull market. I'm guessing that Chinese investors are confident Bitcoin Cash (a largely homegrown fork of Bitcoin) will become a real thing.
The volume (522) seems rather small, though.
Over at Bittrex, which also credited users with Bitcoin Cash equal to the BTC they had in their wallets, traders seem less enthusiastic. Take a look at this chart:
Screencap of trading at Bittrex.com
I also have a small amount of Bitcoin Cash at Bittrex, but I doubt I'll make much selling it for BTC or USDT -- at least right now.
How are things over at Kraken? More bullish than at Bittrex, with a higher volume than at Huobi.
It's too early to tell what the future of Bitcoin Cash will be. For the sake of full disclosure, I plan to sell the Bitcoin Cash I "inherited" at Huobi and Bittrex, but I also have about 30 mBCC (about $9 -- woo hoo!) stashed in a wallet. I plan to keep it in case Bitcoin Cash really becomes an important digit currency, and not a flash in the pan.
I'm a neophyte at investing, so none of this is professional advice. More seasoned traders could read these charts more closely than I can, but I'm confident they'd agree with my off-the-cuff analysis.
What do you think about Bitcoin Cash? Will it survive or will it disappear once the excitement wears off?