$5,500 was too low, but this is twice it's failed

$5,500 was too low, but this is twice it's failed to break $8,000... classic double top. I was late to the BCC party; flipped a quick trade from $650 to $850, didn't realize it had legs until over $1,000 and rode it to $2,200 before letting go. Started piecing in a little early on BTC; $6,300 while it was still heading down, then full position $6050 on the way back up. I let it all go after it failed to stay around $8,000 and shifted to BCC for the time being. The hardest part about trading is there's so rarely a "perfect trade," getting in on the lows and getting out at the highs. But in this case, I think it's very clear that BTC's rise in price (and rise in transaction costs) means that it's no longer a payment instrument, but a store of value (think digital gold). The thinking behind BCC is sound; there's demand for both large, long term digital value storage, and smaller, faster, payment type transactions, and it's very evident that BCC is exactly that. TBH I find ETH to be faster and prefer that for any transactions I need done in 15min or less, but the Bitcoin brand is clearly very strong... people are more into buying something with "Bitcoin" on the front.

I see a lot of discussion about BCC becoming "the one true Bitcoin" and BCC going away... I'm not so sure that's the case. Some miners will be shifting back and forth, BTC may get a bit slower as a result, but I think both markets & the needs they service are so different they'll both continue on. I'll be in BCC until the BTC market starts to reach some equilibrium, though.