August 1st is looming! Looking highly probable that were getting a fork into Bitcoin Cash. I've written a few notes on the subject to help you guy's understand a little more what's going on.
I invested in Bitcoin, How does Bitcoin Cash get into circulation?
Bitcoin Cash is a fork of the ledger. This means that the same amount of Bitcoin Cash exists then Bitcoin at the time of the hard fork. Assuming that you own the private key to your coins, You will also own some Bitcoin Cash.
How do I choose whether i want Bitcoin Cash or Bitcoin?
The beauty of this is that you don't have to! You now own twice the amount of coins. For example, If you owned 2 BTC, You now also own 2 Bitcoin Cash! No need to worry about whether or not it's gonna take off, you will automatically be incorporated in the chain.
To sum everything up, this fork really isn't as scary and fearful than people make it out to be. I truely believe that Bitcoin will always be the one and only and that Bitcoin Cash will simply be another Altcoin in the end.
My best advice is just to hold onto both sides of the chain until more applications come out. You're bound to win!
Happy Hodling!
