They forked BTC and made BCC. This means I had some BCC I never paid for, so I just put it in an exchange and brought some BTC with it. Now, I only had 0.3 BTC but there must be with loads who have a darn sight more and who got a LOT of BCC for nothing. This raises some questions.
- Can it be good for the crypto economy if a load of money suddenly appears out of nowhere?
- How much BCC immediately got converted back into BTC?
- What's to stop people forking again, just to make a killing like this?
Was BCC good or bad in this respect?
for every seller, there is a buyer. every dollar spent buying bitcoin cash = a dollar less to buy bitcoin. if BTC supporters are dumping BCH, that means either BCH supporters are also dumping BTC or some investors are buying BCH instead of BTC. or both.
so, to answer your questions.... it's not good. what we are seeing now is market inefficiency. a lot of people will lose a lot of value (either BCH sellers or BCH buyers). for now, we need to wait and see how supply/demand plays out. you can look at exchange volumes for an idea of how much BCH was dumped, but there is a lot of churn to account for.
if it turns out that these kind of splits are damaging to the network effect and value of BTC, i think that will deter people from continually forking.