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It's hard to predict what the market is going to do on August 1st, but Bitcoin is splitting and it's reasonable to assume some of the value will go to BCC and s
by gibybo 9y ago
It's hard to predict what the market is going to do on August 1st, but Bitcoin is splitting and it's reasonable to assume some of the value will go to BCC and some will go to the new BTC (or the old BTC depending on how you look at it).
A very small futures market is predicting about 20% of the current BTC value to go to BCC. If that's correct, you'll miss out on about 20% of the value of your holdings if you don't withdraw prior to August 1st. This number is very uncertain though, I think it could end up being anywhere between 5% and 50%.
- runeks 9y agoI also think it's reasonable to assume that a chain split does not mean a market cap split, given that we didn't see this when Ethereum split into Ethereum+Ethereum Classic. In my opinion, market cap is too superficial to capture what happens in the market. A better measure would be market depth: how many coins can you sell into the market before the price goes to zero? This figure very well might split into two, since otherwise it would require action on part of the market makers, i.e. entering the BCC/USD or BCC/BTC market.