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Strategies & Market Trends : John Pitera's Market Laboratory

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John Pitera
To: Elroy who wrote (19648)8/3/2017 12:44:18 AM
From: Elroy1 Recommendation  Read Replies (1) of 33421
 
Ah, OK. As an update to that previous post on BTC and BCC, I've read that it is not yet allowed to put the BCC that offline wallets have recevied onto exchanges. So the only BCC holders who can sell are those who held their BTC on an exchange which is granting the BCC rights in the fork.

So there may be 99% of the BCC sitting in offline wallets waiting to sell. So.......lets see what happens over the next week or so. I would think BCC will tank, but I don't really know. I'm not sure who BCC supporters were powerful enough to force the fork to occur, obviously those guys have lots of BTC and lots of influence in the BTC direction, but once all the new BCC comes to market and is tradeable, the outcome may shift around to what I expected (BCC tanks and BTC goes up.....a lot).
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