Monday, 15 July 2019

BTC/BCH usage and price analysis. Is the BCH price being manipulated?

So, the current price ratio is $10,150 BTC to $280 BCH, or ~0.0275 (2.75%).

But the 7-day average transaction per day ratio is 336,000 BTC to 58,000 BCH, or ~0.1726 (17.26%).

Also, on Coinbase, the amount of volume per day is 31,516 BTC and 105,060 BCH. At the current price, that's ~$319.9 Million for BTC and ~$29.4 Million for BCH, or ~0.092 (9.2%)

Also on Coinbase, the amount needed to be bought to move the price up 50% (based on the current order book) is $56 Million for BTC and $1.1 Million for BCH, or ~0.02 (2%). (This would have to happen in a single transaction, otherwise the bots will just sell it back down to the current price on other exchanges.)

Also on Coinbase, the amount needed to be bought to move the BTC/BCH price up 50% is to buy 900 BCH for the price of 34 BTC. (34 * 10,150) = $345,100

https://bitinfocharts.com/comparison/transactions-btc-bch-sma7.html#3m

https://pro.coinbase.com/trade/BTC-USD

https://pro.coinbase.com/trade/BCH-USD

Seeing all this, which coin do you think has the most potential for price growth?

submitted by /u/324JL
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source https://www.reddit.com/r/btc/comments/cdbbcf/btcbch_usage_and_price_analysis_is_the_bch_price/

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