The King is dead, Long live the king....
Well we are of course still early in the game, but its off to one hell of a start, and unless it falls a TON BitcoinCash will probably act to Bitcoin like Ethereum Classic did with Ethereum... I'm just guessing obviously, but nothing like this was ever possible. I knew this was bound to happen because of how things whent down with Ethereum. In fact so far its going A LOT BETTER than the ethereum split the price on BTC is in the same area its been all week, because the awareness of the split priced it into the market weeks ago.
keep in mind this has been a HUGE debate for at least 2 yeas now, of if and how a fork like this should go. I've actually been involved with bitcoin long enough to see several forks, most to fix minor issues, once to fix an accidental split in the chain (the thing just did on purpose this time) and before my time there was even a hack that managed to essentially remove the 21million coin cap and give themselves a ton of money. The coins where still near worthless though at the time, and it was quickly solved by fixing the exploit the hacker used and forking bitcoin so that the original 21million cap was back and any other changes reverted. That's kind of similar to why Ethereum Split, although ethereum was much more mature at the time it's "DAPP" project had a flaw that allow a hacker to give themselves pretty much all the money that was invested.
With the original bitcoin issue it was just not worth it to argue over, it was an obvious mistake bitcoin was new and I doubt anyone even would have argued over fixing it, it should probably be though of more of a practical joke or proof of concept than an actual hack because the hacker gain nothing no even if they where allowed to keep their changes bitcoin was just too new for anyone to really care. Etherum on the other hand, had millions of dollars invested into the DAAP, they HAD to do something to give those people their money back (although the original plan being each DAAP investor having a share/say in the decision making, it turned out the hacker was able to set things so he could do all the deciding making himself. Again I dont think this person planned to profit initially, or to have caused the coin split, I think their goal was to prove a point (the DAPP was flawed and insecure) and again for the LULZ
(Side note: LULZ are really important in crypto currency BTW DogeCoin has a market cap of over 190,000,000 $USD (or ฿71,000,) keep that in, remember that was literally a joke, and its now worth 190 MILLION US DOLLARS, rule number 39 of bitcoin is always be ready for the lulz)
But anyway, This all seems fairly bullish to me, but you never know until you sell it and i dont plan to sell much if any of my BCC for at least 2 weeks. When ethereum split the price dipped a lot though recovered quickly enough for miners of both sides within a moth, Now both coins exist for even and are constantly neck and neck on which is most portable . Bitcoin has barely even take a hit from the split so far and while BCC is bound to be volatile for a while I am guessing it is highly likely the 2 will stay in a similar parity as ETH and ETC, with one being cheaper and easier to mine while the other gains value but becomes more difficult for an individual or smaller operation to mine. It will surely switch at times but I think the cheaper valued coin will be the more profitable to mine.
Disclaimer: I DO Mine ETC, I DO NOT mine any ASIC coins including BTC and BCC. I hodl more currencies than i can count including ETC ETH BTC and now yes BCC! (and as i mentioned doge is also important to any well put together portfolio) None of what Im saying should be taken as any kind of advice, Im just some dude and I thought I share my thoughts and perhaps hear what others think.
Most of the market cap websites have BCC listed up and around #10 -15 in market cap, however I was not able to find statistics on mining hash rates, nor do i have the energy to analyze and compare them at the moment anyway ('ll be heading to bed next i swear). But you can look at a site such as BitcoinInfoCharts.com and either do the math yourself or be lazy like me and wait till someone else post something. It does look though from a quick glance that BTC hasn't lost much of its hashing power and BCC has been slowing gaining hashing power on its own (in other words, miners are not switch and most already decided weeks ago one they would me mining.
This will be an interesting roller coaster for sure, but it looks like BCC has enough of the support from miners and exchanges that it won't be going anywhere.
Would love to hear some other peoples thoughts on this whole situation if anyone has anything to share.