Why you should keep hold of your BCC after Aug 1st

[TheQuin]

An interesting blog post from Michael Krieger on a possible scenario after the August 1st split.

https://libertyblitzkrieg.com/2017/07/28/is-the-bitcoin-civil-war-over-heres-how-im-thinking-about-bitcoin-cash/

[DaMut]

An interesting blog post from Michael Krieger on a possible scenario after the August 1st split.

https://libertyblitzkrieg.com/2017/07/28/is-the-bitcoin-civil-war-over-heres-how-im-thinking-about-bitcoin-cash/

Actually it's not really hard to understand about BCC and BTC in some way,
Just take it in a simple way,Bitcoin is a cryptocurrency and used as a payment for people in the world.
Bitcoin Cash is a clone of Bitcoin itself,it created because of chain split and until right now it doesn't have any function.
Bitcoin Cash in the community already catagorized as an Altcoin,which mean this coin purpose is to get more Bitcoin.

so,if you're thinking about holding it or not.
or you're asking about this future ? the answer is very simple,this coin created for dump and pump scheme later on.
you will see huge pump will happen in this coin,and afterward you will see a huge dump.
Nobody can replace Bitcoin as a Crpyocurrency Lord,Nothing to lose even if you holding it for a long time because it's given to us for free

[TheQuin]

so,if you're thinking about holding it or not.
or you're asking about this future ? the answer is very simple,this coin created for dump and pump scheme later on.
you will see huge pump will happen in this coin,and afterward you will see a huge dump.
Nobody can replace Bitcoin as a Crpyocurrency Lord,Nothing to lose even if you holding it for a long time because it's given to us for free

This is what I take from the article, hold for the pump and dump when it comes later.

[davis196]

An interesting blog post from Michael Krieger on a possible scenario after the August 1st split.

https://libertyblitzkrieg.com/2017/07/28/is-the-bitcoin-civil-war-over-heres-how-im-thinking-about-bitcoin-cash/

Is the bitcoin civil war over?Pretty "click-bait" title for this article.
This is not a "civil war",everyone is free to support and use whatever coin he/she wants-bitcoin,bitcoin cash,bitcoin unlimited or any altcoin.Miners and devs aren`t fighting against each other.Some people just have  
different ideas about how bitcoin should be improved.Their ideas don`t have the support of the majority and that`s why they want to leave and move on.Is this is a civil war?

[scyth33]

so you might own 2 different coins (BTC and BCC)? does that mean you are able to sell both (if prices are 1:1), you'll get twice??

[fabiorem]

True hodlers always hodl.

We don't known if billionaries will pump this BCC. After all it have the smell of a centralized crypto-currency, with its 8mb block size, and the big money loves centralization.

[batang_bitcoin]

so you might own 2 different coins (BTC and BCC)?

Yes, as there will be a chain split you will get 2 coins at different 2 chains.

does that mean you are able to sell both (if prices are 1:1), you'll get twice??

Yes, you'll get twice or you can sell both of those coins but I don't know if BCC=BTC when it comes to pricing of value of it. Possible that the price of BCC is going to be much lower/cheaper.

[Kimpoiluiseta]

until now BCC not launch, and you can't control youre bcc coin
i think still wait and see after segwit
and onow exchanger is few accepted BCC, bittrex release not accepted BCC

[Netnox]

Guys, I am going to hold my coins no matter what happens in August. I will keep them in cold storage for at least 3 months. I will think about selling or buying more, only after 90 days from the date I receive my BCC tokens. Taking some risk here. Either I will get a good ROI, or I will be left with zero returns.

[European Central Bank]

yep. even if this guy claims not to know a great deal about bitcoin, this rings very true.

it's not gonna go away. it's exactly what the crew hostile to the existing order need to really start wreaking havoc.

[Vishnu.Reang]

First of all, I don't have that many BTC in my wallet. So I may get 0.1 or 0.2 BCC after the airdrop (that is, if I claim them). Selling them will hardly get me any money. So I would rather hold on to my coins (Both BCC and BTC).

[~Bitcoin~]

I will rather dump BCC on launch and might buy it back after few days when dump will stop.

BTC price on the other hand might not loss support at $2500 but we might see correction upto that level.

[U2]

I will rather dump BCC on launch and might buy it back after few days when dump will stop.

BTC price on the other hand might not loss support at $2500 but we might see correction upto that level.

I'm dumping asap to buy more bitcoins asap because I doubt the price will stay at anything for very long. You might as well take a few bucks rather than nothing. It's a worthless useless currency that we don't need. So many altcoins do it better, so why go with a shitty bitcoin fork?

[Diced90]

we really do not know what will happen with BCC and how many exchanges will accept it...i think we have to wait a few days to know if this coin will have a future but i would probably dump it and hold the main chain coin.

[HeRetiK]

It's not a bad argument, but I'm pretty confident that any such manipulation attempt of forcing BTC prices down would quickly get swallowed up by the market. Remember, there's always a bigger fish whale. Also it seems a bit of a risky move for anyone with the dumping power to actually move the BTC price to do so simply to pump BCC (ie. I don't think the gains of a targeted BCC pump would offset the potential loss of a major BTC dump).

We don't known if billionaries will pump this BCC. After all it have the smell of a centralized crypto-currency, with its 8mb block size, and the big money loves centralization.

Sad but true. Same for governments.

[European Central Bank]

True hodlers always hodl.

We don't known if billionaries will pump this BCC. After all it have the smell of a centralized crypto-currency, with its 8mb block size, and the big money loves centralization.

big money should be smart enough to figure out that the impression of lack of centralisation is what gives it value.

[Vikingr]

so you might own 2 different coins (BTC and BCC)? does that mean you are able to sell both (if prices are 1:1), you'll get twice??

If that is the case then it is really interesting. I will search for that thing on this forum and on google and will find that if we will get that benefit and how will we benefit from BCC. If it will be interested and will be beneficial then I will try to go for that.

[BitcoinNewsMagazine]

Just hold both your BTC and BCH. If there really is a back room conspiracy for BCH to take over from BTC you will be able to see it coming, just watch the hash rate on both chains. Since the Chinese mining cartel controls the majority hash rate you can not rule out a black swan event.

[boyptc]

I will rather dump BCC on launch and might buy it back after few days when dump will stop.

BTC price on the other hand might not loss support at $2500 but we might see correction upto that level.

Hoping that it won't be going down after August 1. And as I'm planning to do so with BCC, I'll sell most of it as I don't have any plans of supporting it but for having some profit then I have to do his. But I have doubts that I have to sell them or regret to see it pumping even though a lot of exchanges will not support BCC.

[ozaeri]

Just hold both your BTC and BCH. If there really is a back room conspiracy for BCH to take over from BTC you will be able to see it coming, just watch the hash rate on both chains. Since the Chinese mining cartel controls the majority hash rate you can not rule out a black swan event.

The mining cartels won't be willing to sustain losses for long though and there will be quite a dump when it happens.

I'm not of the belief that the money follows where the hashrate is at, it's more like the hashrate follows the money.