As we are getting much closer to the bitcoin fork scheduled for tomorrow 12:20pm UTC the sentiment and possible future of the well established, world leading cryptocurrency BTC and the new BCC coins (which will be created as a result of the blockchain splitting due to the fork) are becoming clearer.
BTC holders seem to think they have hit the lottery as they will be getting an equivalent amount of BCC come August 1st, although that is not necessarily the case, they are essentially deeming it 'free money'!! This has flocked the masses to the exchanges in an attempt to accumulate more BTCs for the promise of free BCCs, pushing the price of BTC UP to ($2782.34 as of this post) ahead of the fork, instead of down as logic dictates and as many have predicted.
Most of the people buying BTC now are planning to dump their acquired BCCs as soon as the fork happens, in favour of accumulating more BTCs or other altcoins which are predicted to rise in price as well. If you have a quick look on Reddit, Steemit, Facebook and twitter on the comments people are making in regards to their positions and tactics in relation to both coins, you will find it very clear that the majority will dump BCC at first chance, many are asking for advice on the quickest ways of doing so even (see an example image below; a screenshot from a Reddit thread under the heading "on August 1st, how can I quickly dump my Bitcoin Cash at the earliest opportunity"). This will majorly push the price of BCC down (which stands at $281.74 as of this post) already down an alarming 20%- another sign the people are favouring BTC at this point and will be dumping BCC.
When the price of BCC drops (and it will probably be a substantial drop) what will probably happen is that the creator Jihan Wu and backer Roger Ver, their friends, and most Chinese miners (already buying on the Chinese BCC futures exchanges) will buy in bulk to enhance their own supply. So will a lot of smart people in tuned to what's going on, and inevitably the price of BCC will SOAR in the coarse of months and it will become the favoured bitcoin and ultimately overpower BTC, in a nutshell!
Conclusion is, wait till BCC price crashes, buy, hold and watch, it will go up, this coin is not dying off that easily, especially with such strong leadership and backing, then sell. in the mean time, if you want to maximise your profits in these interesting market times, invest in altcoins (as they've all taken a dip, making it the right time to buy) with a viable idea/platform, community support and of course again strong leadership and backing. Coins like STEEM, ANS, STRAT, LSK, XRP, PAY, PIVX, IOTA are definitely ones to watch and make a well diversified portfolio. Hold long as returns on those will probably be highest in 2-3 years time, you'd probably be looking at 10x, in some cases up even up to 100x, on the long run that's much more than profit made from BTC and BCC in the now.
I stil believe it is smarter to place buy alts than wait for the btc fork. The instant return in 2-3 days far outweighs what will be made of btcc. People are only making max 12% by waiting for the fork and getting free btcc. The gains made from buying alts today should=20% at least. come 12:01 there will be a massive rush back into all the alts. Well considering alot of people have their btc off exchange.could buy a few hours.I dont know. Decided to get some cheap DecRed yesterday and have already made that 10% I would of from BTCC..of course it ispossibl I will swap out last minute for btc, but unlikely