My advice is: Get out while you can.
I've been in Bitcoin since 2009, and I still chat daily with a lot of people from the early days, big holders and miners. If you are not careful this will be the biggest transfer of wealth in the history of Bitcoin. These people don't like Blockstream's takeover, and they will fight for what they consider to be the real Bitcoin, aka BItcoin cash.
The segwit team doesn't have money. Big blockers are the people with a lot of holdings. Roger Ver, Craig Wright, Jihan Wu, Gavin Andresen, and lots of early miners. These people combined have billions worth of Bitcoin. They are angry, and they are ready to put their money where their mouth is.
Want proof? Look at this:
https://vote.bitcoin.com/
People vote with their money here, and you can see that the big money is pro big blocks, and against blockstream and segwit.
Another quote from a chinese miner:
“We have prepared $100 million USD to kill the small fork of CoreCoin, no matter what POW algorithm, sha256 or scrypt or X11 or any other GPU algorithm. Show me your money. We very much welcome a CoreCoin change to POS.”
https://www.cryptocoinsnews.com/bitcoin-market-needs-big-blocks-says-founder-btc-top-mining-pool/
The ""secret miner"" who has been mining the BCC chain at a loss has been estimated to have spent around 10 millions on hardware and 100k a day mining at a loss. These people don't fuck around.
Now, this is what's gonna happen:
the wales cannot dump all their Bitcoins at once, they need to do it slowly. While everyone dumps their bcc to buy more btc, the whales will be accumulating bcc and selling btc. Despite all the people dumping, the long term trend will be up for bcc and down for btc, because the whales simply have more money.
At a certain point we will witness the flippening, thanks to the faster difficulty adjustment and high market price, it will become more profitable to mine bcc than btc. This is when the miners will hop en-masse and abandon btc. Since btc has no fast diff adjustment, the chain will be starved. Blocks could take hours to be found, fees will go up, and a difficulty adjustment will take several months at a slow speed. This is the point of no return. While bcc price keeps rising, btc will keep falling to the ground. People will start calling bcc the real bitcoin.
You are sitting at a table of high stakes poker. These people are angry, they have a lot of money, and they have a plan. They will crash blockstream and segwit into the ground. In the meantime, bcc will go to the moon. There's always two sides to a trade.. and it's usually not a good idea to be on the side where all the idiots are...
I don't care if you will listen to me or not. Stupid people deserve to lose their money, but don't say I didn't warn you.
This sounds plausible and makes a lot of sense. Thanks for the tip.
Yes, it is a strong possibility. I believe I commented before on a similar post of yours (unless this is a resteem). Good points
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