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.
That is the best explanation I've heard thus far, much better than theymos's blurb. Makes
sense to me now. Still, it's an advantage, because if BCC did take off, that lottery ticket is
attached. No harm in holding it, I guess, and no choice either.