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RE: What If Satoshi Does This On August 1st?
What do you think Bitcoin Cash will open up at? I see futures started off at over $500 and keep dropping.
What do you think Bitcoin Cash will open up at? I see futures started off at over $500 and keep dropping.
It is really hard saying for sure. I don't know how many are going to side with it. There is probably going to be a massive shakeout that first day.
My thought is that only sophisticated people will be able to dump day 1. Because what I figure is that a person would have to do another instance of Electrum but specify the nodes to be Bitcoin Cash nodes so it connects to that network. Then import the BTC Keys. Most people won't be technical enough to do all that.
It could end up being worth $2 or $2,000. Time will tell. I'm honestly glad someone finally stepped up and decided to go through with a fork. It will be confusing for sure but this block size debate has went on for over 3 years now. It is ridiculous. Bitcoin has been limping along with these bloated blocks and high transactions fees. It is ridiculous.
It will be very interesting to see how everything turns out. I'm taking a position and also another strategy I'm going to do is to buy up some LTC in a couple of days and take some positions in some alt coins because everyone has been dumping their alt positions and converting to BTC for the free coins. Once the fork happens I feel like a lot of people will try to retake their alt coin positions.