A couple questions about trading BTC/BCC

mdayonliner

copper member

Activity: 630

Merit: 420

We are Bitcoin!

Quote from: Vod on January 14, 2018, 02:59:16 AM

1) Can a person detect if a bitcoin still has bitcoin cash in it?

Yes because it has all the records before the chain split.

Quote from: Vod on January 14, 2018, 02:59:16 AM

2) Assuming 1 is yes, is a bitcoin with the cash still in it worth more trading than a bitcoin without?

After the split BTC and BCH are two different entities. Think BCH just an alt.

margert

member

Activity: 224

Merit: 10

Quote from: Vod on January 14, 2018, 02:59:16 AM

1) Can a person detect if a bitcoin still has bitcoin cash in it?

2) Assuming 1 is yes, is a bitcoin with the cash still in it worth more trading than a bitcoin without?

Thanks!

I was really upset about the collapse of the bitconnect, I lost 97% of my property just one night. I advise you not to participate in Lending Bitconnect, you should only trade it and not invest in, I really have lost faith in bitconnect. The price of a BCC is only $ 10 on January 17, 2018 BCC returned me at $ 363 and now I have evaporated 97% of my assets.

h0lybyte

hero member

Activity: 924

Merit: 511

Yeah a person can detect if there is bitcoin cash and probably bitcoin gold too stored in his wallet before taking risk of importing private keys on third party wallets.
Visit Freebitcoins.com and go through the process, it will show you how much bitcoin cash is there in your wallet and you will be able to withdraw them using same website.
I am not sure how this process goes but my friend really did same procedure and took out his fork balance in minutes

webtricks

legendary

Activity: 1918

Merit: 1728

Quote from: Vod on January 14, 2018, 05:59:31 PM

Quote from: webtricks on January 14, 2018, 07:22:14 AM

2) Nope. Both Bitcoin and Bitcoin Cash trade on different chains. Even if you trade BTC having equivalent BCH on same address, BCH will still remain on same address and only BTC will move. In short, both are independent and doesn't effect each other.

Tell me if you still have doubts.

So if I send BTC that has BCC still in it, can't the new owner extract the BCC?

Or should I extract the BCC myself before selling the BTC?

Right!
As BCH belongs to address and not BTC itself, if you send BTC from your address A to buyer's address B, BCH will still remain on address A and new owner can't extract them.

Yes! You should extract BCH yourself. But it hardly matters you do before or after selling. As I told earlier, it doesn't matter at all. Both chains are seperate. All you need to do is to import your Private Keys in any BCH wallet and use BCH in same way you do BTC. But make sure send BTC to some other address/wallet before using private keys because wallet may compromise.

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: webtricks on January 14, 2018, 07:22:14 AM

2) Nope. Both Bitcoin and Bitcoin Cash trade on different chains. Even if you trade BTC having equivalent BCH on same address, BCH will still remain on same address and only BTC will move. In short, both are independent and doesn't effect each other.

Tell me if you still have doubts.

So if I send BTC that has BCC still in it, can't the new owner extract the BCC?

Or should I extract the BCC myself before selling the BTC?

webtricks

legendary

Activity: 1918

Merit: 1728

Quote from: Vod on January 14, 2018, 02:59:16 AM

1) Can a person detect if a bitcoin still has bitcoin cash in it?

2) Assuming 1 is yes, is a bitcoin with the cash still in it worth more trading than a bitcoin without?

Thanks!

Before answering your questions, I would like to clear one thing. It is not Bitcoin but Bitcoin address that matter. You have some wrong conception upon the idea of BTC/BCH. It will be more clear with following answers.

1) Yes. Suppose you have BTC on 1VodeDgeG4dh5noobtrsoRR23fkrR52sV (before 1st August), one can easily trace if this address still has equivalent BCH or BCH have been exported.

2) Nope. Both Bitcoin and Bitcoin Cash trade on different chains. Even if you trade BTC having equivalent BCH on same address, BCH will still remain on same address and only BTC will move. In short, both are independent and doesn't effect each other.

Tell me if you still have doubts.

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

1) Can a person detect if a bitcoin still has bitcoin cash in it?

2) Assuming 1 is yes, is a bitcoin with the cash still in it worth more trading than a bitcoin without?

Thanks!

Topic: A couple questions about trading BTC/BCC (Read 156 times)