Jul 28, 2017 · 1 min read
Actually the price should drop by that $500 since the split will generate BCC from thin air (everyone owning BTC will continue to have them plus the same amount of BCC). But people in this space do not count too exactly (yet). Unlike stock market, where if number of shares doubles, you see an almost instant halving of unit price. So the price may drop proportionally, may drop significantly, or even rise. No one knows. As marni says, it is all about perceived value and you can only guess that.