Finally the new cryptocurrency Bitcoin Cash is going to launch on 1st Aug, 2017. With this launch the bitcoin digital currency team will be divided into two parts. However, the value of bitcoin cash is not yet decided. Its management will fix and declare its value.
There are many digital currency experts who think that on the launch of Bitcoin Cash hard fork, it will be available as “free coin”. It won’t be given as “free token”. However, this new digital currency will be distributed to consumers at no extra cost.
Some experts from other industry believe that the value of existing bitcoin may be decreased due to the launch of this new digital coin. According to them, the situation that was occurred in case of Ethereum and Ethereum Classsic, the case of bitcoin will be same.
The value of Bitcoin Cash is expected
With the proposal of bitcoin split, the new token will be distributed to every existing bitcoin holder in the ratio of 1:1. That means if an existing bitcoin holder contains 200 bitcoins, then he will be entitled to get 200 Bitcoin Cash tokens. Then the transaction of the BCH can be made by consumer. Either they can exchange it with bitcoin or convert it to fiat currencies directly.
However, the value of the BCH tokens could be effectively deducted from the current value of Bitcoin during the transaction.
In details, suppose on the launch of Bitcoin Cash, its price is fixed at $400 and the bitcoin value is $2800; the value of new token will be subtracted from the value of bitcoin. That means the value of bitcoin will be $2400.
Moreover, the value or market cap of the Bitcoin network will be distributed over the two Blockchains during the split as they will already be considered as competing forks at that time..
Experts are expecting that the value of both coins will fluctuate a lot for some days after the bitcoin split.
In my opinion, bitcoin cash is nothing more than another altcoin forked from the original Bitcoin blockchain like many others before it. It is not, nor will ever be Bitcoin! I say hang on to your Bitcoin as tight as you can and don't risk loosing it gambling on unproven blockchain projects!
in my opinion everyone should sell there free bitcoin cash and put it back into the real bitcoin and double there holdings for free or take the profit and treat yourself and stick to t with the bitcoin you know and love. bitcoin cash is just a phase in the long plan of these greedy people
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