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RE: Altcoin Markets Hurting As People Flood Into Bitcoin Before August 1st
People think that they will get 2 coins for the price of one if it forks: BTC and BCC.
The truth is, the sum of these 2 coins will be less than the value of BTC today if we fork.
And BCC soon will be yet another altcoin.
"smart" move from the Bitmain team to create multim billion valuation out or thin air. Can't wait to read that BCC is somehow pre-mined (1st miner advantage)...
A big scam, hurting everybody.
potentially, it depends on whether or not bitcoin cash brings back people who went to other alternatives because they were fed up with bitcoin. Also sometimes people are willing to dump money into coins at a loss because of ideological reasons. After the ETC fork, the combined market caps was actually larger. From a strictly economic perspective it should be equal after the fork, but there are many other factors.