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RE: What You Need to Know About Bitcoin Cash/ABC/UAHF ect. come August First

in #bitcoin8 years ago

If I get this right : There will be BITCOIN and BITCOIN CASH.
So coinbase and some other exchanges will not give you BITCOIN CASH.
My question : Will the value of BITCOIN split after the hard fork ?
Is it a good thing ?
Good post.
Keep on steemit.

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I would have thought that at the exact moment of the split the value would half but then lets say for example everyone sold their BCC and bought BTC, bitcoin would then jump back up to it's former price (or close to) and BCC would crash to zero. Now obviously that won't happen it will be somewhere in the middle.

My advice is read about them both and go with the tech you believe in. If you don't know or understand find a few well known people you trust and see what they say.

Personally I'll be selling my BCC.

The value will probably split a bit in the short term, but not by much. I would wait until November to see if core follows through with the 2 MB hardfork to see what happens to the value. If they dont fork, many people who are not supporting bitcoin cash at the moment might leave to join them.