Not posted anywhere here...seems to be a bit of a graveyard around lately. But for anyone who hasnt lost all their BTC to markets closing or vendors scamming BTC is going to hard fork on Aug1 (most of us knew this).
Segwit and all that jazz is locked in but what is kind of a new revelation is that the new currency called bitcoin cash (valued at around $500 now) will rise from the ashes of august 1st and will be using the previous blockchain but from then on will be separate.
For anyone not familiar with the ETH split this means that : As long as you are in control of YOUR PRIVATE KEY(before aug 1) , you will be able to get 1:1 BCC to BTC after august 1st. [For example: I have 1 Btc, after aug 1 I will have 1 btc and 1 BCC]
Essentially "free money". Having coins in coinbase will not yield you BCC since they have stated they will not support it and will likely just siphon it from users themselves and sell on exchanges. Some sketchy chinese exchanges will handle the fork for you or might steal/freeze your money.
To do more research check out these fuckers https://www.reddit.com/r/Bitcoin/comments/6q4zv9/request_a_guide_to_dumping_bcc/
Seems like people will dump it quick but it might be worth it for some free money. In summary keep BTC in a personal wallet till after aug 1 and you will get equal amount BCC.
Wanted to contribute a bit of positivity to the lovely community who has been under seige as of lately.
Thanks
If i had to take a guess, after the fork, the price of BTC will crash hard.