Right. It's like a stock split, except the company actually splits into two essentially identical competitors.
No matter which competitor "wins", your assets should keep the same total value they had before.
No matter which competitor "wins", your assets should keep the same total value they had before.
This is wild, wild cryptoland. At the moment both Bitcoin and Bitcoin Cash are rising - so a lot of "free" money (at least in the short term.).
For now, two coins is better than one :p
EDIT: allright, Bitcoin Cash has been declining for a few days now. However, it still has quite a bit of value that has not disappeared from Bitcoin's value.