So it's midnight on July 31st, the Bicoin split is supposed to happen tomorrow, let's see what happens... Who's bought up in anticipation to get the free new coins?, and who bailed out until it's all flushed itself out? Or who just doesn't care?
3 hr:40 min to go, I swapped out and got some more BTC in anticipation and have dusted off the old Electrum wallet to store it for the forkening. https://www.timeanddate.com/countdo...=1440&msg=Bitcoin+Cash+Hardfork&font=sanserif https://www.btcforkmonitor.info/
That's what I did too. I think I'll just hold BCC for the long term given that they are "free". Although expecting BTC to drop by a few hundred in response, it's just like the usual variation
no that was a sell off prior to the fork. price drop may be associated with the loss of market cap from btc to bcc, but depends how many dump bcc for btc post fork.
"Or who just doesn't care?" Well thanks for inviting all comments, not just adherents. Since you asked, I fall in the latter category.
So your an adherant then going by your post, or is it that you are just grammatically challenged instead ? Or are you referring to the OP's post ? In which case you just don't care, except for posting a response and taking the time to also post a cute little piccy as well. You might want to go back and read some of Rand's work's more closely and gain a better understanding of her philosophy before posting in future given your choice of a tag.
Both coins will have major support going forwards meaning Ethereum (the Bitcoin alternative play) now has little value as an alternative. Both BTC and BCC are a better store of wealth and a superior trading currency. Ethereum is by far a more versitile and sophisticated coin but that SHOULD NOT be confused with it's trading value. It's like comparing Gold, Silver and the latest Smart Phone, yes you can do a hell of a lot more with the phone than a brick and it may be priced high from all the hype but it just doesn't have the same fundamental reason to treat it as a trusted store of value. I would hold BTC & BCC for the long run and dump Ethereum if you bought up while it's overpriced. It's hard to say for sure where BCC is headed in the long run but I feel it would be a safe bet to say it will be around for many years to come as this experiment enters the next phase.
That's a feature of Ethereum that makes it useful. It doesn't give it inherent value. You can utilize all of Ethereum's special qualities regardless of what price it trades at, you aren't buying shares in Ethereum. Gold for example is pretty much useless for much beyond it being rare, historically accepted and sort after. That gives it a better reason to have value than something more usefull but lacking a real reason to have value.