Here is why you hold your BCC and BTC
I'm not considering selling neither my BTC nor my BCC. Why? Because I'm not a trader (most traders lose money in the long run) but a believer in Crypto Currencies, especially Bitcoin.
I'm not skilled or technical enough to have the prerequisite to know which one will make it or break it. Luckily I now own an equal amount of it. I have not invested into BCC, I got it for free. There are three possible scenarios.
Bitcoin will "win" and BCC will go to zero or close to zero. I have not lost anything holding BCC too
Bitcoin will "lose" and BCC will win. I own an equal amount of BCC and therefore I have not lost anything
They will both co exist at different pricing like they currently are.
The combined price of BTC + BCC is right now at $3172 USD.
That's why my non professional advice to most people is again once again to just HODL. Never sell your Bitcoin or forked Bitcoin cash or whatever they are called in the future. You've been given a free chance of being hedged. Take it and hold it.
Right now it doesn't seem like Bitcoin is suffering that Bcc is gaining fast. All alt coins are going up as well, and Bitcoin holding steady. Seems to me like new money is entering the Crypto Market at this point, and that we will see another lift in BTC as well soon as people take profit from their alt trading. Do not take my word for it however. I'm not a professional and don't consider my advice that.
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I changed one tag to beyondbitcoin. I see that it's a popular tag. Didn't know about it. Thanks!
a good technique for holding same,.. lucky you
it makes perfectly sense
I'll Do the Same Too , Waiting for some serious cash !!
Never sell all your BTC/BCC :) I would, and this is only my personal opinion, sell a little bit as a reward to yourself at every 100% gain. 5-10%. But I wouldn't dare to sell all my BTC ever. If it takes the role of digital gold it could be worth 100-500k USD in the future.
Nice post
I actually tend to think about buying more altcoins with BTC. Bitcoin is really slow and expensive to use.
I think your line of thought is valid though, for similar reasons I will just hold BCC for now.
I mikro invested (30-50$)
in Ethereum, cause smart Russian kid,
in AntShares, cause China ftw
in Next, cause... I dont know :D
through my account I am also invested in Steem, cause duh
I do this with the mindset that one of them might take over the game and I at least have some part of the cake :D
small typo, bud
Oh, and I want to buy DEM, deutsche e-Mark. An homage to our pre-EURO currency deutsche Mark.
Remember that transfering BTC the old way puts your BCC at risk. It is important to split your BTC and BCC before making any transaction.
A tutorial for splitting coins: https://bitcoinmagazine.com/articles/beginners-guide-claiming-your-bitcoin-cash-and-selling-it/
Do you know if there is a deadline for splitting them? I have them on my electrum wallet, and it seems like a process I dont wanna rush into.
Do not need to hurry, both BTC and BCC will be safe if you do not send any amount before splitting.