After the Fork…What Now?

Bitcoin Cash launched Tuesday, August 1 at 8:20 am Eastern Daylight Time. So, what now?

If you have your coins in a wallet, you’ll need to

wait a few days until the wallet posts instructions for how to safely separate your Bitcoins and Bitcoin Cash. Do NOT spend either until they are split or your wallet announces you are safe to trade them.

If you kept your Bitcoins on Kraken, Bittrex, Bitfinex or one of the other exchanges that accepted Bitcoin Cash for your account, You are free to trade it now.

My advice is to hold on to both. There is a lot of uncertainty and uncertainty in any economic market tends to hold down prices. When Ethereum had a hard fork, both coins temporarily lost value, but after a few months both rose to several times their pre-fork price. Bitcoin has demonstrated its ability to hold its price at the $2700 – $2800 level and I do not see it declining significantly from here–except perhaps temporarily. So, my advice is to hold both for now.

If you have spare cash you want to invest in cryptocurrency at this point, I advise you to buy a small position (only what you can afford to lose) in NEM (on some exchanges, XEM) and/or NXT (both available on and/or BitConnect Coin (available on I don’t have the time right now to go into details, but do some research for yourself.

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