worth more than $5 billion at launch

But in the case of Bitcoin Cash (BCC), the questions are more important than the answers – particularly because at this early stage people are mostly assuming answers.

What's the price of Bitcoin Cash? Sure, exchanges will give you quotes. But what does that price actually mean?

The unfortunate answer after the first few days of trading is not much. And that's not the only area where the market could benefit from additional clarity.

Who has access to BCC?

Perhaps the most basic question for investors is: When the blockchain split, who exactly was given access to Bitcoin Cash? And how big is the market for trading?

As of August 1, holders of bitcoin who either controlled their private keys or had accounts with exchanges that were supporting Bitcoin Cash should have had access to an equal amount of cryptocurrency on both the bitcoin blockchain and the newly created Bitcoin Cash blockchain.

Some popular exchanges in the U.S. and abroad, however, chose not to support Bitcoin Cash.

And understanding whether exchanges support Bitcoin Cash is more complicated than a simple yes or no. As an example of this complexity, one bitcoin blog reported the seemingly straightforward question with multiple different answers, including the simple yes and no, plus "potentially not at a 1:1 rate" and "not at fork time."

Further, some bitcoin owners (due to language confusion or disinterest) may not have even known (or cared) that there was a split.

At the end, who got what? Like many things in the cryptocurrency space, that answer is unclear.

What's the value proposition?

After figuring out whether or not they have access, investors will ultimately want to know whether they should hold, sell or buy more Bitcoin Cash. And that query relates to the new cryptocurrency's long-term value proposition – one that it has only just begun to really develop.

Bitcoin, unlike Bitcoin Cash, has an established history as a medium of exchange, being used to buy goods and services from a well-established network of merchants. While much of bitcoin's activity is speculative in nature, there are other use cases which have stabilized the price.

In short, when the blockchain split, the bitcoin code was copied (with a few tweaks), but its infrastructure was not.

Wallets, exchanges, merchants and mining power put toward bitcoin didn't automatically start providing the same services for Bitcoin Cash.

And now that bitcoin and Bitcoin Cash are competing in the same market, it's unclear if the ecosystem surrounding bitcoin will also build up around Bitcoin Cash. In a sense, it's like having two companies competing for the same clients.

Bitcoin Cash has yet to articulate its unique value proposition in a clear and well-defined manner, although it has staunch idealists who believe its bigger block size will create a vastly more efficient and user-friendly payment system. And ultimately, its long-term viability is dependent on this ability to create utility and value for any ecosystem that grows around it.

An important point to note here is that Bitcoin Cash exchanges will be for-profit businesses, so if a sustainable revenue model for creating liquidity on exchanges doesn't exist, Bitcoin Cash's future becomes less certain.

What's the market cap?

Defining the market capitalization of an asset is an important part of understanding its market structure.

As of press time, Bitcoin Cash's market capitalization was being reported at around $3.9 billion, making it the "fourth largest cryptocurrency," according to CoinMarketCap. But that market cap doesn't represent the amount of exercisable capital actually invested in Bitcoin Cash.