[TD-Linux]

For those unaware, "Bitcoin Cash" is a proposed future fork of Bitcoin. The primary miner supporting it also runs an exchange, so what they are effectively trading is "future promised coins" once they start actually mining the fork.

Because so few of % of the total coins are tradeable, I think this results in a similarly volatile "market cap" as many ICOs.

[jeppebemad]

Thank you. I was about to ask for a clarification on the below statement from the article, but that now makes sense.

"At that point, anyone who currently has bitcoin gains the same amount of BCC, while retaining their BTC."

[runeks]

> "At that point, anyone who currently has bitcoin gains the same amount of BCC, while retaining their BTC."

This is quite important, because it means that all Bitcoin holders effectively are given BCC for free, which they can sell on an exchange. Thus, the BCC market risks an immense flood of BCC sellers who very suddenly earned a tidy profit out of nowhere, which could crash the BCC price completely, because the market is so shallow, relative to the BTC markets.

In fact, I think this is quite likely to end up being the death of BCC: a constant sell-pressure from BTC-cum-BCC holders, who just want to cash out in dollars. This can end up forcing market makers out of the BCCUSD market, because they can't risk holding too much BCC with a constant sell-pressure like that.

The BTCUSD market has grown from a small stream to a small river and, when the BCCUSD market opens in earnest, this small BTCUSD river will be connected to the tiny stream that is the freshly born BCCUSD market.