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.

Unless the competitors increase the whole market (increasing total value) or—as is plausible with a cryptocurrency with netomwork effects—the lack of a single clear choice reduces the overall value of the market compared to a don't clear choice that everyone uses.

Yep. It might not be zero-sum.

Not quite like a stock split. In stock splits its almost guaranteed that the total valuation is similar.

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.

Rationally, though, the increase should have happened anyway. Fair point about crytoland though :)

Haven't we just had something like that happen though?

Bitcoin cash, at the time of writing, looks to be around the 300 USD mark, without BTC having moved much.