After 1 Aug split can I trade BTC and BCC? Should I withdraw all bitcoins?

doedz

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Quote from: maeusi on July 26, 2017, 08:46:14 AM

How to get the bcc? Is it enough to have bitcoins in own wallet or must we take action?

I read this information on telegram, and bittrex provides a security guarantee to save your btc. Automatically you will get BCC.

This is good news, in my opinion. Grin

btccashacc

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Quote from: Phyton76 on July 27, 2017, 03:12:39 AM

Some one told me that the segwit is already a success and there will be no split in BTC and BCC that will happened it august 1 so i dont know what will gonna happened really in august 1 why there are still discussions about there ? Are the split still gonna happened?

From what I've read there will be no split on August 1, as you can see on Luke Dashjr Post ( Posted on Jul 27 here's the link https://medium.com/@lukedashjr/why-nothing-will-happen-with-bitcoin-on-august-1st-93f4 which launched on 1 Aug, it's like taking advantage of this issue, i'm not a technical guy so i don't really understand about this issue, one thing that makes me confused big and popular exchanger like poloniex and bittrex has announced their statement regarding this issue (bitcoin split), so it will gonna happen? can someone confirm this?

Phyton76

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Quote from: rremus91 on July 26, 2017, 04:28:53 AM

I'm pretty new to the cryptocurrency world and what I have seen in the past days, everybody is talking about BIP 149, SegWit2x and other terms that I really don't understand. As far I can understand that bitcoin will split into 2 separate currencies: BTC (Legacy old) and BCC (Bitcoin Cash or Bitcoin ABC -it's the same, right?-) after 1 August UTC 12:00 am. People say that I should withdraw all my coins into my Electrum Wallet before 1 Aug. That's what have I done.

After the split, everything will be cloned and people will have both BTC and BCC. If you had 1 BTC, after the split you will have 1 BCC as well. So... what to do after that? Will ever BTC exists? Will people have the possibility to trade with BTC and with BCC as well? If these are 2 different currencies, that means if I make a transaction with BCC (send) then it will be transfered in BTC as well? Will the 2 currencies "synchronize" with each other? (I don't know if you can understand what I'm trying to say).

- Bitcoin price has dropped. Should I invest more FIAT into it before 1 Aug?

Some one told me that the segwit is already a success and there will be no split in BTC and BCC that will happened it august 1 so i dont know what will gonna happened really in august 1 why there are still discussions about there ? Are the split still gonna happened?

hubballi

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I have read somewhere that If Segwit2x is implemented successfully then we dont need to hardfork the bitcoin so their wont be split in bitcoin if only it got problem the next option is hardfork bitcoin and that can be how many times that dont know until it get success.

Altcoin Agent

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Quote from: lorylore on July 26, 2017, 10:12:56 PM

Quote from: JorisK on July 26, 2017, 09:15:25 AM

Quote from: dennyd999 on July 26, 2017, 08:54:25 AM

Is Electrum wallet supports split?

Electrum Wallet does not support BCC, only BTC: https://electrum.org/bcc.txt

After reading the text, what i understand is that you can have btc in the electrum wallet and you will be entitled to the bcc also. However, to claim the bcc, you have to use another wallet as electrum wallet does not support, am i right to say so?

So hardware wallets will split bitcoins due to hardfork... Huh

Can you explain a bit more?

Babyrica0226

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Quote from: rremus91 on July 26, 2017, 04:28:53 AM

I'm pretty new to the cryptocurrency world and what I have seen in the past days, everybody is talking about BIP 149, SegWit2x and other terms that I really don't understand. As far I can understand that bitcoin will split into 2 separate currencies: BTC (Legacy old) and BCC (Bitcoin Cash or Bitcoin ABC -it's the same, right?-) after 1 August UTC 12:00 am. People say that I should withdraw all my coins into my Electrum Wallet before 1 Aug. That's what have I done.

After the split, everything will be cloned and people will have both BTC and BCC. If you had 1 BTC, after the split you will have 1 BCC as well. So... what to do after that? Will ever BTC exists? Will people have the possibility to trade with BTC and with BCC as well? If these are 2 different currencies, that means if I make a transaction with BCC (send) then it will be transfered in BTC as well? Will the 2 currencies "synchronize" with each other? (I don't know if you can understand what I'm trying to say).

- Bitcoin price has dropped. Should I invest more FIAT into it before 1 Aug?

Please excuse me to my answer to you, You are so ridiculous dude! I think you are one of the people who believed that this coming august 1st bitcoin will be split. You're so easy to believed in any rumors and hearsay and no basis. This is just a massive FUD to anyone here in this industry. I am pretty sure nothing will happen to this date. Everything will be fine just continue what you had started to believe in Bitcoin.

lorylore

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Quote from: JorisK on July 26, 2017, 09:15:25 AM

Quote from: dennyd999 on July 26, 2017, 08:54:25 AM

Is Electrum wallet supports split?

Electrum Wallet does not support BCC, only BTC: https://electrum.org/bcc.txt

After reading the text, what i understand is that you can have btc in the electrum wallet and you will be entitled to the bcc also. However, to claim the bcc, you have to use another wallet as electrum wallet does not support, am i right to say so?

BitcoinNewsMagazine

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Quote from: olowshinenine on July 26, 2017, 09:36:53 PM

sorry guys I am still not getting this. So you are saying BCC will just appear in my electrum wallet 8/1/17 at 12:20pm as long as my BTC is there, or do I have to have my BTC in another type of electrum wallet... such as the one found on this website recommended by bitcoin cash

http://www.electrumcash.org/

However this website says it is coming soon.

No it will not. Read the instructions at Bitcoin Cash:

Quote

You can continue to use legacy Bitcoin as usual. As long as you hold your private keys, any unspent bitcoins from before August 1 will be be safely waiting for you. Make and keep a backup of your wallet before July 31. When you are ready, copy your pre-fork wallet.dat (or import your private keys) into one of the Bitcoin Cash implementations, and your pre-split balance will be available to you as Bitcoin Cash.

olowshinenine

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sorry guys I am still not getting this. So you are saying BCC will just appear in my electrum wallet 8/1/17 at 12:20pm as long as my BTC is there, or do I have to have my BTC in another type of electrum wallet... such as the one found on this website recommended by bitcoin cash

http://www.electrumcash.org/

However this website says it is coming soon.

pitiflin

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Quote from: rremus91 on July 26, 2017, 04:28:53 AM

I'm pretty new to the cryptocurrency world and what I have seen in the past days, everybody is talking about BIP 149, SegWit2x and other terms that I really don't understand. As far I can understand that bitcoin will split into 2 separate currencies: BTC (Legacy old) and BCC (Bitcoin Cash or Bitcoin ABC -it's the same, right?-) after 1 August UTC 12:00 am. People say that I should withdraw all my coins into my Electrum Wallet before 1 Aug. That's what have I done.

After the split, everything will be cloned and people will have both BTC and BCC. If you had 1 BTC, after the split you will have 1 BCC as well. So... what to do after that? Will ever BTC exists? Will people have the possibility to trade with BTC and with BCC as well? If these are 2 different currencies, that means if I make a transaction with BCC (send) then it will be transfered in BTC as well? Will the 2 currencies "synchronize" with each other? (I don't know if you can understand what I'm trying to say).

- Bitcoin price has dropped. Should I invest more FIAT into it before 1 Aug?

Store all your btc in your personal wallet.
Don't sell your Bitcoin too soon as nothing big happens in a fortnight.
Don't panic.
Make sure that you don't send/receive bitcoin 24 - 48 hours before and probably after August 1.
If there is a split keep both BTC and BCC with you.
The decision is still yours ,its still up to you for what is good and what is bad for you and your future in Bitcoin.

Rahar02

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Quote from: rremus91 on July 26, 2017, 04:28:53 AM

I'm pretty new to the cryptocurrency world and what I have seen in the past days, everybody is talking about BIP 149, SegWit2x and other terms that I really don't understand. As far I can understand that bitcoin will split into 2 separate currencies: BTC (Legacy old) and BCC (Bitcoin Cash or Bitcoin ABC -it's the same, right?-) after 1 August UTC 12:00 am. People say that I should withdraw all my coins into my Electrum Wallet before 1 Aug. That's what have I done.

After the split, everything will be cloned and people will have both BTC and BCC. If you had 1 BTC, after the split you will have 1 BCC as well. So... what to do after that? Will ever BTC exists? Will people have the possibility to trade with BTC and with BCC as well? If these are 2 different currencies, that means if I make a transaction with BCC (send) then it will be transfered in BTC as well? Will the 2 currencies "synchronize" with each other? (I don't know if you can understand what I'm trying to say).

- Bitcoin price has dropped. Should I invest more FIAT into it before 1 Aug?

You were doing so well, if you want some suggestions, here;
1. withdraw all your coins into electrum wallet, mean you can get BCC after UAHF and consider it as a free money, if you can sell it.
2. If you can't, just cash out your bitcoin and buy back when bitcoin clone launched on August, we expect for a little drop of the price.
3. If you don't want to take the risk, then just let it safe in electrum wallet and make sure to export the private keys.

Yutikas_11920

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One thing you should know that. segwit is to provide solutions in the confirmation in order to be as ready, so if segwit is successful it is likely that the absence of a split in the world of the bitcoin. BEEP already done 149 yesterday and most of the miners had already managed to confirm this, right now I am trying to do the transaction confirmation that the level is much better than before. So you need not fear to save any number of BTC, all you hear is only big investors strategies to utilize the State

Rikim4ru

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Quote from: davis196 on July 26, 2017, 06:25:36 AM

Quote from: rremus91 on July 26, 2017, 04:28:53 AM

I'm pretty new to the cryptocurrency world and what I have seen in the past days, everybody is talking about BIP 149, SegWit2x and other terms that I really don't understand. As far I can understand that bitcoin will split into 2 separate currencies: BTC (Legacy old) and BCC (Bitcoin Cash or Bitcoin ABC -it's the same, right?-) after 1 August UTC 12:00 am. People say that I should withdraw all my coins into my Electrum Wallet before 1 Aug. That's what have I done.

After the split, everything will be cloned and people will have both BTC and BCC. If you had 1 BTC, after the split you will have 1 BCC as well. So... what to do after that? Will ever BTC exists? Will people have the possibility to trade with BTC and with BCC as well? If these are 2 different currencies, that means if I make a transaction with BCC (send) then it will be transfered in BTC as well? Will the 2 currencies "synchronize" with each other? (I don't know if you can understand what I'm trying to say).

- Bitcoin price has dropped. Should I invest more FIAT into it before 1 Aug?

I think that statements like "Bitcoin will split" are wrong.Bitcoin doesn`t split,the blockchain splits.
If the split happens,BCC will soon become worthless,due to the lack of supporters.People would want
to sell their BCC as soon as possible and the price will colapse pretty fast.
Everyone is free to HODL their BCC,after the split.Nobody would lose anything,unless all the people panic and make some wrong trading decisions.

You are absolutely right except on one point, BCC sure has stronger support than you think. There is a strong political game/power being it, no wonder exchange are getting ready like crazy.

BitcoinNewsMagazine

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If price drops below $2000 you should buy. I think a drop that low will be brief and the only way to take advantage of it is to already have cash at an exchange with a buy order in place. You should assume if we have a flash crash Coinbase may go down from server overload so don't count on being able to watch price and make a market buy, you may not be able to even log into Coinbase.

Esphere.in

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Quote from: rremus91 on July 26, 2017, 04:28:53 AM

Bitcoin price has dropped. Should I invest more FIAT into it before 1 Aug?

Investing more into bitcoin when the price drops is your choice and if you are able to invest more into bitcoin right now before August,you will stand a chance to own more coins from the split coin as well,so literally you are gaining more profit if you look at that way,good that you have already moved your coins in your own wallet where you holds the private key.

olowshinenine

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If I did that I would be losing money.

Altcoin Agent

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Quote from: olowshinenine on July 26, 2017, 05:07:20 PM

Hey guys I am still confused on what to do to get both coins. I have all my bitcoins on my electrum desktop wallet. However someone says that does not support BCC.

Is a desktop wallet considered a hardware wallet? If I cannot get my hands on a Trezor or Ledger Nano S hardware wallet in time for the fork, Should I take everything off electrum and put it on a paper wallet?

Thanks for the help I am a total noob at this stuff still.

You should exchange bitcoins to fiat money to avoid from volatile markets. Better hold cash and watch the markets to accept better decisions.

olowshinenine

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Hey guys I am still confused on what to do to get both coins. I have all my bitcoins on my electrum desktop wallet. However someone says that does not support BCC.

Is a desktop wallet considered a hardware wallet? If I cannot get my hands on a Trezor or Ledger Nano S hardware wallet in time for the fork, Should I take everything off electrum and put it on a paper wallet?

Thanks for the help I am a total noob at this stuff still.

CrowdFunder

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Quote from: BitcoinNewsMagazine on July 26, 2017, 03:45:46 PM

Quote from: TheFriends on July 26, 2017, 03:36:34 PM

Anyone knows if the online wallets will support BCC, I'm talking about wallets like Xapo!?

Too early to tell. ViaBTC only has about 10 PH mining on Bitcoin ABC. The best way to get bcc is to have your bitcoin in a Trezor or Ledger Nano S hardware wallet before the fork.

Or any wallet that gives u access to the private key. The private key will obviously work on both chains when they have their separate wallets.

TheFriends

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Quote from: BitcoinNewsMagazine on July 26, 2017, 03:45:46 PM

Quote from: TheFriends on July 26, 2017, 03:36:34 PM

Anyone knows if the online wallets will support BCC, I'm talking about wallets like Xapo!?

Too early to tell. ViaBTC only has about 10 PH mining on Bitcoin ABC. The best way to get bcc is to have your bitcoin in a Trezor or Ledger Nano S hardware wallet before the fork.

Sure. I'm already thinking in buying a Ledger Nano S.

Thanks mate.

Topic: After 1 Aug split can I trade BTC and BCC? Should I withdraw all bitcoins? (Read 3780 times)