3 ms·
Selling is reasonable, but so is just withdrawing and taking the BCC, especially if you want to defer taxes. Coinbase won't let you sell the BCC directly, but y
by gibybo 9y ago
Selling is reasonable, but so is just withdrawing and taking the BCC, especially if you want to defer taxes. Coinbase won't let you sell the BCC directly, but you'll be able to exchange the BCC for BTC on many other exchanges quickly and easily, then you can just sell the additional BTC on coinbase.
- polemic 9y agoEven so, there will be a certain amount of BCC that is locked up and unavailable on any market. For a time, there will be simply less BCC than BTC. BTC should remain suppressed while the question of the locked up BCC is resolved (either by tending to $0 or it becoming available to trade). Given those assumptions, you might break even (or gain if you're particularly quick/smart) if you sell the BCC after the fork, but it would seem like you near guarantee a profit if you sell BTC before and buy back after. That profit is off the back off value locked up in BCC by users who didn't pull it out.