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RE: Bitcoin Hardfork Party All Night Long! Are You Prepared?

in #bitcoin7 years ago

This post read my mind! I am #2.... I moved all my btc to Kraken, as Kraken will allow trading of Bcash pairs BCH/USD and BCH/BTC right after the fork. I'll be watching closely. Another steemer noted that if btc keeps climbing overnight and Bcash goes down, it may be smart to sell of btc and buy back once it drops. I am considering that as well. Happy fork everyone!

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You can bet nobody will be selling bitcoin but a lot of people are after the "free cash" of BCC, so there will be a massive sell-off, but it will rebound. I don't think it will be a dead cat since BCC has much support -- and I think watching the network stats closely will help determine the price.

The price will follow the miners, basically.