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Author Topic: After the fork BTC + BCC = current BTC ?  (Read 1666 times)
theta
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July 28, 2017, 10:21:50 PM
 #21

It's very similar to a company spinning off a subsidiary, or paying a large dividend.
The next day after it goes ex-div (or after the spin-off), the parent company shares are trading at the previous price minus the value of the div/spin-off.
Based on current market pricing, if 1BTC=$2750 and 1BCC=$400, then immediately after the fork it will be 1BTC=$2350 and 1BCC=$400. Then the 2 coins will fluctuate independently (they already do implicitly in the futures market)



Is that how this works though?  How is the value determined when it forks.  The futures market has such little volume, it doesn't seem like a reliable indicator of where BTC might be when it forks.



With the caveat of low volume in the futures market (I fully agree on this), the way it works is by anything other than that being arbitraged away.
Futures will settle when BCC become available. Whoever is selling BCC futures will deliver actual BCC when they receive them. For all practical purposes in terms of market impact it's as if they have already sold them. If everyone had access to this market, then if oldBTC (now, before the fork) is trading at anything more than the sum of newBTC (after the fork) and BCC, it represents free money and the difference would be arbed away immediately. But the above mentioned caveat (low volume, few people have access) applies.
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JohnMacaron
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July 28, 2017, 10:21:56 PM
 #22

Do u even understand what u're talking about? "Holders", "profits", "pump-dump" - what is this shit? Do we want scalable convenient system which everyone can use as money globalwise or we want just another Ponzi scheme with MLM elements? Bitcoin in current state looks like last option.. and it's going down because of congestion and lack of scalability, dont' u see?
I see we have a BTC hater here. If it looks to you like a ponzi scheme, I guess we won't find common ground.
FYI it's going up because of growing popularity and adoption. It's been going up since 2009.

Accordingly to the growth of system mus grow block size, but it's not. That's why recent dump to 1700$ and now we see only speculations about what will be after fock, real users are abandoning bitcoin in its current state of being.
The One
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July 28, 2017, 10:56:57 PM
 #23

So the current price of 1 BTC is 2740 USD. It has climbed from 1750 USD to 2400 USD and when news popped out that Bitcoin has locked BIP 91, then it skyrocketed to 2890 USD. Now Bitcoin Cash persits of its fork, so the fork happens and people are still buying Bitcoin. My first question is why?
Okey, so you'll get the equal amount of BCC as you have BTC. For example, you have 10 BTC, then after August 1. you'll get "extra" 10 BCC.
BUT how will the BCC appreciate in value. So BTC will give a % of its market cap to BCC and BCC will get a value of around 400/500 USD (based on futures) meaning that BTC will lose the % of its market cap and decrese in value. Does it mean that after the fork you'll basically have the same value of your current BTC value --> So after the fork value of BTC + BCC = current value of BTC ? I don't know if I am right, just correct me please.
The most reasonable scenario right after the fork may be that BCC will be dumped right after the fork and BTC bought at its lovest price.
What do you think will happen with altcoins (ETH for instance) after the August 1. ?

There is a dash for BTC so people can get free BCC. It will happen over the next few days, self-evidence by looking at the altcoins crashing today and will continue as people convert altcoins into BTC. One has to be mad to buy altcoins at the moment. Demand for BTC will go up, then after Aug 1st hardfork... make your own guess.

Some people claim that they will ump BCC... i suspect they want others to dump, so they can buy cheap BCC. BTC will will fluctuate up and down for a while until things calm down.

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seyola89
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July 28, 2017, 11:14:28 PM
 #24

I was also thinking that the real value of BTC will be divided among BTC and BCC based on a certain percentage after the fork in Aug 1. Personally I think from mid August or so, when the bitcoin network is settled, other coins will start appreciating..
seyola89
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July 28, 2017, 11:31:01 PM
 #25

No, think of it like this:
You have an a old coin, and someone finds a way to mint similar coins, made from the same metal, but they won't be as old, so they'll present lower value to a collector. One of these coins is given for free to everyone who holds the old coins, one for each old coin they're holding. Does that mean the value of the old coin will go down? No, because nothing has changed, it will retain its value, while the value of the new coin will depend on the market.

Your way of thinking implies that the makers of the new coin will take a hold of your old coin, chip a part of it and insert it into their newly minted coin to increase its value. Nothing like that will happen. Furthermore, you selling your new coin will have completely no impact on the old coin's value. These will be two separate markets.

Hmm..
So it means since traders are not actually buying BCC but getting it for FREE, there's virtually no pressure on king BTC.
But BCC value may even decline due to minor (or less) support and the intentions of BTC holders to sell BCC for added cash and even buy more BTC !!! Still sounds strange tho
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