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There were other alt-coins before who gave free pre-mined coin to bitcoins holder and tried to profit from the bitcoin brand and logo at the same time. Look what happened to "Bitcore", on first day it traded up to 23USD and then the following days it plummeted to as low as 0,66USD and never got back higher than 3$, and now trading at 1,22! It's like if people just trashed it to get free Bitcoins instead. Which is just the logical thing to do with this kind of garbage coin. Why would they give it for free if it was not garbage? I don't understand the idea behind giving a pre-mined coin. I mean that pre-mined coin can be better, faster, more scalable than Bitcoin, no one cares, what people care is that bitcoin is famous and symbolic and has a tremendously valuable brand. And then people who sold their xrp to get the free candy will probably want to buy back their xrp in the end after trashing their garbage if they are amongst the firsts to do it or else their garbage will be worth nothing... I wonder what everyone here think about that? Am I completely wrong? Will it be different with bitcoin cash? For sure there is more publicity on bitcoin cash because of the fork happening at the same time, it's like free publicity for their opportunistic ICO.
As the time approaches I would like to have your opinions about the possible August 1 bitcoin sewgwit activation. As the bitcoin price affects generally the price of all other altcoins. Although there ara some topics in this forum telling that now XRP price is not correlated with any other big crypto currencies, I think if bitcoin price drops dramatically after August 1 that will have a negative effect for XRP and all other alts. Do you believe that "big event" priced for XRP or bitcoin. For me, as I long term investor I will continue keeping my XRPs, but I wonder what can be the best strategy in the short term. Maybe going cash and waiting for the wave pass would be better who knows.