One positive of this BCC shutdown is that it happened at the same time as the asian market worries. I think the timing is ideal so we can get this major elephant out of the crypto room and recover in unison once the direction of asian market regulations irons out.
If the markets recovered and then BCC crashed, we'd probably drop again, potentially lower than the last bottom because there wasn't enough sustained momentum to the upside to support the BCC exit.
I say be gone with them and learn from it. I joined BCC pretty early on, naively, but didn't invest anything but some modest profit. In turn, I cashed out my initial investment and another ~1x my investment so I made sure I could it didn't hurt me with this happened. I referred one person early on too before I fully understood it, but advised them to constantly withdraw their interest as BTC offsite.
At this rate, let's just get all of the market drama addressed at once, focus on Steem in the meantime, and wait for the fear to subside. Earning Steem can offset some of your paper losses in the meantime and reduce your average total cost if you trade it for other tokens that have also slid. Everything is dropping at nearly the same rate, so shopping is still roughly the same as it was before the correction. Not a big deal, unless USD or fiat cash out is of concern.
BTFD!!!
Agreeing. It's not a bad thing they coincided ... though I suspect bitcoin would trundle on its steady line anyhow. It goes up and down with speculation about viability and with pump and dumps but it still plots a steady gradient overall. :-D