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RE: Massive Triangle Pattern on BTC/USD Holds as Bitmain and Bithumb Give Statements on BCC (Bitcoin Cash)
It's possible that the value of Bitcoin may dip a say or two ahead of BCC activating. The price of both chains could also start dumping hard as big whales start manipulating in the markets after BCC begins trading. There are so many moving pieces that it becomes impossible to predict what will happen on August 1. I would suggest everyone to just stay away until the dust settles.
I have another theory if BCC gets some traction and BTC's value stays stable. There can be a buying pressure on BTC on exchanges since anyone with BTC in wallet can have free BCC. Since big numbers of traders will be in sideline due to fork issue, if some speculators think this is an opportunity to get dividends (BCC), BTC's price can actually go up in short term during forking.