Bitcoin Cash is coming!
There is something you need to understand...
There is no such thing as FREE MONEY unless someone is giving it to you consciously.
BCC is currently priced at $460ish value, that's about 15% of BTC value.
When the split happens, miners making BCC will take BTC's market share with them, so BTC will drop at least 15% instantaneously. Maybe even more.
That could mean a great buying opportunity to get more BTC at a discounted rate.
In the terms of Math, if you hold 1 BTC valued at $2800 and it forks into BCC valued at $400, in theory, BTC will now be worth $2400, does that make sense? Pretty much the same as a stock split.
Your opinions?
We'll see. You're assuming there will actually be support for the new coin. Maybe, maybe not. Right now people could be pumping the price of the BCH futures in the hopes they can dump them for profit. Or, they could be getting ready to dump BTC.
Two factions when it comes to Bitcoin, those that want to see it stay a commodity (i.e. store of value) and those that want to treat it as a currency (Satoshi's original intent).
I personally hold BTC long and treat it as a commodity, but you are absolutely right!
Bitcoin Cash could get massively dumped or pumped... The market will decide, which makes this whole thing so very exciting and wonderful (IMHO)
In theory this is correct but as we know in crypto anything can happen. We all will have answers soon enough. Great post , I think about these things as well.
The market will decide, and thank you.
Hashrate is not the same as market share.
You can add all the hashrate and nodes you want, that doesn't mean anyone is actually using your coin.
People buying using and selling your coin, that is market share, it has very little to do with hashrate.
You could be running a million users on a 1 miner blockchain, or 1 user on a million miner blockchain.
The million user blockchain is the one that has more market share.
The million miner blockchain is the one that has more hashrate.
Price? I have no clue what that is going to do.
Post bitcoin split. I plan to dump my BCC and move the money into BTC. Maybe a lot of others feel the same as I do. If so, then BCC price will tank and BTC will rise.
Based on your numbers, after a few days to settle, I predict something along the lines of BCC 200 and BTC 2600. I am actually not trying to predict the price. But rather, I am predicting the general price movements.
Let's see what happens !
You're not alone. I know many people that will be doing the same thing.
Kind of funny to read this now after the fork, Bitcoin Cash is somehow holding on but not very strongly.