It only got to that value in the first place because more than 50% of BCH holders can't get their coins to an exchange -- manipulation with a small supply.
It really should have never got that high, with it's 5% of bitcoin's miners supporting it, if it's even that high. Five percent of $3,000 (where you could say bitcoin's price "should be") is about $150, so that's roughly what BCH is worth at the moment, IMO.
I totally agree with you there.
It was all derivative trading... nothing more.
We will see next week where it is at and if anybody will be holding it anymore.
We will see! ;D