FREE Bitcoins ! You still have time to accumulate some Bitcoins before the fork
I confess, the title is missleading ...
But on the day and time of the bitcoin hardfork (August 1 2017 at 12:20 pm UTC), you will get a copy of your Bitcoin balance in a new currency called Bitcoin Cash.
So if you have accounts in the exchanges mentioned at the end of this post, you will automatically get the equivalent of your Bitcoin balance in Bitcoin cash.
So I think this is a perfect time to transform all your Alt coin to Bitcoin on that day, and use this opportunity to get a maximum of Bitcoin Cash. If you look at the market, the process is happening right now .... You can buy them back right after the fork. Be aware you'll probably won't be able to transfer Bitcoin accross exchange for an indeterminate period of time after the fork, so choose your exchange wisely.
If we refer to the Ethereum split, we can really see it as free money.
Of course you can also use your private wallet and use the private key later on the Bitcoin Cash wallet. But using the exchange might be easier for certain.
Best option is to use your private wallet, but a lot of new investor are quite confused with the concept, hence my post.
Anyway good luck to you ! And feel free to ask me any question ...
Reference
At least three major exchanges have announced they will split your wallet for you:
Kraken, Bitfinex and Bittrex
Bitfinex: Bitcoin Cash (BCH) Token Distribution July 27, 2017
Kraken: Bitcoin Cash and a Critical Alert for Bitcoin Margin Traders
the question is if i really exchange bitcoin to bitcoin cash i wont get any profit ? i think the value will be down because of splitting i think ? what do u say ?
Of course it could be zero-sum game in the short term, but I repeat, if you look at the Ethereum split, the classic chain has been quite profitable in the long term, and it didn't damage the official Ethereum chain ...
hmm you are right bro !
btw your display picture is illusion right ? :D i was wondering what is happening in screen as i look above and below :D
Yep, it's all in your brain ;-)
When would be the right time to buy, now or after the fork?
Every Bitcoin you have before the fork will be 'copied' on the Bitcoin Cash chain. So it seems obvious to buy before the fork.
Is it better to buy bitcoins before the fork or after the fork?
I would like to thank you for writing this post