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Caution: your advice didn't hold for Ethereum. When Ethereum forked, it didn't lose any value and Ethereum Classic value got created out of nothing. Compare ar

Caution: your advice didn't hold for Ethereum. When Ethereum forked, it didn't lose any value and Ethereum Classic value got created out of nothing. Compare around July 20, 2016: https://coinmarketcap.com/currencies/ethereum/#charts https://coinmarketcap.com/currencies/ethereum/#charts https://coinmarketcap.com/currencies/ethereum-classic/ https://coinmarketcap.com/currencies/ethereum-classic/

runeks 9y ago
For Ethereum, was/is it possible to sell your coins on the fork you're not interested in? With BCC, you can create a transaction that transfers only BCC, thus allowing you to sell your newly-acquired BCC, while keeping your BTC. I'd be interested in knowing if this were the same with Ethereum (Classic), since I would assume it would put a large selling pressure on the minority fork (the greater the minority the greater the relative selling pressure).
- aerique 9y ago
  I had ETH on Kraken and after the fork I had ETH and ETC. However there's no saying what exchanges will do in this case. If you have your own BTC you will have BTC and BCC after the fork which you can sell.
- gst 9y ago
  > For Ethereum, was/is it possible to sell your coins on the fork you're not interested in? Yes. There was no replay protection (transactions were valid on both chains) but soon after the fork people created smart contracts that got initialized to a different state on each of the chains. So you could, e.g., send your coins to the smart contract which then would forward it to your address A on the first chain and to your address B on the second chain.
polemic 9y ago
Well if I read those charts correctly you could've sold ETH at about $20 and bought at $12. It then stabilised around $15. And ETC was able to be sold for what, $1? Seems like selling and buying ETH would've been a good move. Of course this stuff swings all over the place - you're as likely to get stung by some random swing in values as anything else I guess.

runeks 9y ago

For Ethereum, was/is it possible to sell your coins on the fork you're not interested in? With BCC, you can create a transaction that transfers only BCC, thus allowing you to sell your newly-acquired BCC, while keeping your BTC. I'd be interested in knowing if this were the same with Ethereum (Classic), since I would assume it would put a large selling pressure on the minority fork (the greater the minority the greater the relative selling pressure).

aerique 9y ago
I had ETH on Kraken and after the fork I had ETH and ETC. However there's no saying what exchanges will do in this case. If you have your own BTC you will have BTC and BCC after the fork which you can sell.
gst 9y ago
> For Ethereum, was/is it possible to sell your coins on the fork you're not interested in? Yes. There was no replay protection (transactions were valid on both chains) but soon after the fork people created smart contracts that got initialized to a different state on each of the chains. So you could, e.g., send your coins to the smart contract which then would forward it to your address A on the first chain and to your address B on the second chain.

polemic 9y ago

Well if I read those charts correctly you could've sold ETH at about $20 and bought at $12. It then stabilised around $15. And ETC was able to be sold for what, $1? Seems like selling and buying ETH would've been a good move. Of course this stuff swings all over the place - you're as likely to get stung by some random swing in values as anything else I guess.