S!ayer
· 1w
What happened in 2017 when bch split from BTC or Bitcoin ABC, didn't they get their coins replicated in the new chain i.e. 50 BTC = 50 BCH?
I'm not familiar with it, but basically if this split happe...
Bch price didn't just start, it took a little time for exchanges to find the price based on market offers and orders. For that to happen they had to specify a token on the exchanges that everyone agreed on. Futures markets help to understand prices before that point. Liquidity is just the amount people are willing to sell and buy at a particular price. Getting rich is not so simple i n the moment.
At a chainsplit, the capital and market value for the two tokens likely would be equal to the prior tokens value before the chain split. If the market is split on both coins meaning half the market thinks the new token is bitcoin and the other half think the old token is bitcoin then one could sell the other token for a meaningful amount but you risk selling the token that will become the Bitcoin that the market decides is the correct fork in the end. If the market is not split 50/50 then one token will have value and the other token will not. The weaker token would have very few buyers and to sell it you would have to sell it to those few buyers at a very low price.
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