IS BCC(Bitcoin Cash) reach some height of BTC(Bitcoin)steemCreated with Sketch.

in #bitcoin7 years ago (edited)

Hello guys

What do you think about next upcoming coin "BCC"-Bitcoin Cash in existence?
In the last week I saw a lot of trader worried about it during my trading session and this cause there were so up-down in BTC price. In starting it got down till approx $2417 from $2944 after market recover from $1858 to $2944. And it also impact on ALTCOIN.

Some trader except advanced one has confusion what going to happen, specially new one.

As soon as UAHF(User Activated Hard Fork) which results chain split due to support of some miners, which creates BCC as new coin. Whoever hold their BTC in an Exchange(only which supports BCC) or in any wallet with it's PRIVATE KEY you own, will get FREE or double their coin as new BCC as 1:1 after the fork at 12:20 UTC on 1st August. For e.g., If you hold 10 BTC in your wallet(If you own it's PRIVATE KEY or any exchange that supports BCC) your coin automatically split in each 10 BTC and 10 BCC.

There is a rumour due to this to earn huge extra money. Should you hold BCC for long term? My answer is "No". If you had prepared to get BCC, you should sell it immediately and convert into BTC or USD, then you get some profit. Otherwise it might be worthless after huge sell most of smart trader to get immediate profit. AS it already not supported by popular Exchanges like Coinbase.

According to me as of my knowledge only 4-5 % miners by their hash power contribution to BCC, might support BCC at start. But for BTC it's still 95% miners by their hash power contribution to BTC network. If in future BCC hash power not increases, it might decrease over time and then it's affect its(BCC) price value as well as it's popularity. That's why I gave my answer 'No' for holding. It might be the opposite would also happen in future and I would be wrong.

Take your best decision for your profit and your best future.

I hope you enjoyed this article. Please leave you comment.
Thank You.

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