The pump (now dump) of bitcoin has begun and it seems like everyone wants to benefit from BCC or X as some exchanges are offering 1:1 with the new coin.
What I'm fearful is the backlash and the rubber band effect it will have. I feel like people see no value in BCC, they only want it as they see it as a way to get free money so it will almost inevitably get dumped but I don't think it will drive the markets down in the process. If anything this pump in BTC may be beneficial in the long run
I guess we will have to wait and see but at the moment there is a huge altcoin dump and squeeze as people are craving to get them hands on some 'free money'.
However, with all this new money generated I think people instead of converting it to fiat may just convert it to all the altcoins that have dropped dramatically in value.
Either way it is going to be exciting to see what will happen tomorrow and as you said the after shock effect of it on the complete crypto market. I am still waiting for the next fiat money market crisis and all cryptos really really going to the moon...