August 1st is finally here. I hope everyone has their full nodes ready with all their bitcoins there. Time to dump all of our BCC for more free BTC. Easiest trade ever.
A reminder to get all of your coins off from exchanges and into your full nodes.
If you aren't running a full node, then put it in a paper wallet or something.
Just be ready to dump BitmainCoin, time to get some free chips.
How is this free? You've either bought BCC (which cost you something), expect it to get pumped up and then you'll sell on the quick rise. Is that correct?
The concept of "you'll have an equal amount of BCC coins and BTC coins" does not mean you have double the number of coins. It means you'll be able to claim BCC
OR BTC, not both. And your private keys are the source of record, they are interchangeable in both wallets. Once you claim your BCC you will now have an equal amount less available in BTC, and vice versa.
There's nothing free about this, especially if you think BCC is going to fail.
The only "lottery-like" win here is elect to take BCC immediately and the conversion is something like 1BTC:1000BCC and then BCC takes off days, weeks, or months after.
You are overcomplicating things to be honest.
When a fork happens, you get the same amount of coins you are holding on the legacy chain, on the other chain.
So if you have 10 BTC, you have 10 BCC. Unless you think BCC has a future, and I don't, you can sell your BCC for BTC. Have you increased your BTC amount? yes. I don't care how much, you have it increased it doing nothing, therefore free.
Sure. BTC against the USD may fall, because of the whole thing being a bit of a mess, but it will recover, and when it recovers, you will be holding more BTC than you did.
If you have the 1 BTC = 1 BTC mindset and stop caring about USD, you will see my point. If you believe in BTC long term, that should be your mindset, just to make more BTC, and dumping BCC for BTC is a way to make more BTC.
If you don't want to risk it, you can hold both and see what happens, that is understandable as well. I just don't see BCC gaining any traction, other than some dumb pumps ETC style (even tho in the case of Ethereum the non-original token is the original legacy chain... but I wouldn't go into that)