Nonsense. If the market moves strongly to Bitcoin Cash over Bitcoin Core, then the narrative that 'Bitcoin Cash is The Real Bitcoin' will have been proven true.
It's not a matter of Bitcoin(TM) brand, but who controls the toy. Would you invest in anything hijacked by the 3 stooges?
my problem with selling bitcoin cash and moving it to BTC proper is taxes. IF I ignore it the IRS may call it a stock split...
if I dork with it and move/sell or whatever they may say it is money from air (like mining) and want 47% income tax.
(yeah I'm in that bracket)
so I'm just leaving it alone and playing ignorant (along with my bytetball, bitcore, clams and any other air dropped stuff to my BTC addresses
I just know if I cash out ...that will count as a tax event ..even if I move it in like kind to btc....they will call it mining...or income
from air and tax it like mining....just saying..its the IRS...they really don't like money from air (mining) in the usa..I think they will tag
this as such if you move it....sell it...or whatever..the 2013 IRS guidelines were released 10 days before the tax deadline in 2013....so
I am cautious..(The IRS no like us much me thinks)
why I'm on the fence or my strategy at this time
in a stock split, you are not gifted "free money"
and BCC was NOT free money... someone bid the price up to give it that value. A stock divided the amount of shares by the same amount the price is multiplied by... no wealth is gained. Same thing happened with BCC.
Reason it feels like you made money (is because you did) is the moment it released it was pumped from $15 to $1500. Someone gave BCC its value and took value from the FOMO buyers above $1000 when they dumped.
It wasnt magic money t hough, someone pumped it. If that didn't happen it would be trading at $15 or whatever it opened at.
