It is not necessary for the First block of BCC to be mined in order to sell your BTC. You can sell BTC at anytime... if you have it on an exchange like Poloniex. However, it is still unclear whether or not you need to hold your BTC on an exchange that will issue BCC in order to get it. See some of the comments above... seems like you don't need to wait... but your call.
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No that's what I meant, if the people need to wait for the first block in order to be able to get BCC. Maybe that's the reason why most of the people that were hoping to get BCC did not sell BTC yet, causing the panic not to happen until now.
ah got it.... good insight. but not all people have received their BCC on exchanges. I anticipate the panic to continue once ALL BCC has been received...
Luc - your thoughts?