Come August 1st everyone that owns Bitcoin will get Bitcoin + Bitcoin Cash.
I think Bitcoin Cash will be dumped the moment people receive it. It's basically free money.
It's trading at a future price of $330 as of writing. We are talking about Billions of free money in the form of Bitcoin Cash. I don't believe that price will be sustained at all.
My reference is Ethereum Classic, which I received after the Ethereum DAO fork. I sold that straight away and received free money. Many did the same. The price plunged.
I think this will happen again.
Of course, I never thought that Ethereum Classic could be a viable chain at the time. I was wrong there.
If I had kept my Ethereum Classic I would have had way more money for free (thousands today).
So, my plan (if I'm right) is to scoop some cheap Bitcoin Cash up after the dump. And hold it. A small gamble.
Poloniex vs Bittrex STEEM price
The spread between the exchanges is 10000 Satoshi's as of writing. That's a lot!
We know Poloniex has the Steem in their Wallet. It's on the Steem blockchain. Yet, they have issues with withdrawals.
I talk about it more in my vlog.
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