Bitcoin is splitting into two: BTC and BCC
This is happening on August 1, 2017
This could mean extra money for bitcoin holders
To reap the possible rewards, though, you must move your bitcoins now!!
If your Bitcoins are sitting on an exchange somewhere, check to make sure that the exchange will be accommodating the upcoming BTC/BCC split. Some exchanges that
are accommodating this split are: viaBTC, HitBTC, and Kraken. Many larger exchanges are
not accommodating the split, and that includes GDAX/Coinbase. So if you have BTC on GDAX/Coinbase, move it into a cold wallet or onto an exchange that is supporting the split.
Why?
Because exchanges/wallets that will be accommodating the split will give you an equivalent amount of BCC on August 1: in other words, if you have 1BTC on Kraken then on August 1, you will have 1BCC, too. But if you keep it on an incompatible exchange, such as GDAX, you
will not get the equivalent in BCC.
In order words, you basically forfeit your chances of getting BCC if you do not move your BTC to a BCC-compatible wallet/exchange.
Is BCC really that great?
I'm not writing an opinion piece so whether you like it or not is up to you. But the fact remains that there is likelihood of making money off of the new currency, in what might be considered the largest pump-and-dump in cryptocurrency history so far, or holding on to it if you believe in its long-term growth.
See you guys on the other side!
