Bitcoin Cash has doubled in price in the last week.
However it is important to note that 50% of this volume is coming in Korea, there's something big going on in one centralized location. Looks to me like a group of people in Korea are pumping the price.
Roger Ver has been talking on twitter a lot about transaction fees and he has been promoting Bitcoin Cash for some time. Yes other coins like LiteCoin offer low transaction fees but the problem with these alts is they they are not called 'Bitcoin'.
New people coming into the market usually know nothing or very little about alts and have only heard of Bitcoin. If someone like Roger who is pushing adoption of Bitcoin Cash promotes it to businesses and merchants over Bitcoin due it it's low transaction fees then new people coming into the market in the near future will be more likely to adopt bitcoin cash over bitcoin or altcoins.
And although a lot of people like to hate on Bitcoin Cash It makes sense that we might see huge adoption and price skyrocketing in the near future as it's basically bitcoin ( it's in it's name ) but it's better as it's scalable and cheaper to use.
Bitcoin Cash has been pushed back into to limelight as segwit 2x was recently cancelled and Bitcoin Classic team closing operations saying that Bitcoin Cash has achieved Hitoshi Nakamotos true vision for Bitcoin.
So which is the true Bitcoin, BTC or BCC? Only time can tell, for all I know the price of BCC can fall back down as fast as it shot up.
So should you take profits from this? No one knows where the price will be tomorrow or next week's that's why it's always a good idea to scalp the price and take your profits when you can.
The best profit is the one that is already in our pocket.
Do you believe it will inverse on bitcoin and that it may double again?
Who knows, its all very unpredictable right now, id play it safe.
Buying some may be playing it safe , you know as a hedge