Topic: After 1 Aug split can I trade BTC and BCC? Should I withdraw all bitcoins? - page 3. (Read 3780 times)

My suggestion is that you move your coins out of an exchange. Make sure you get a hardware wallet or a desktop wallet like Exodus or a paper wallet. More your coins your coins to those wallets. Do this in the next two days, then sit tight and wait. Do not do any transactions for atleast a week after Aug 1. Personally, I am sitting out for the next 3 weeks if the split happens.

how much hash rate BCC will have ?

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.

i don't like the statement of "bitcoin will split" a better explanation would be "someone will create a fork out of bitcoin on that date".
because bitcoin will be bitcoin, and anything that is forked from bitcoin will be an altcoin. an since the majority is with bitcoin and that fork has no support that makes it an altcoin. not a split.

if you want to have these free new tokens they are distributing by the name of BCC (abusing the name of bitcoin) then yes. otherwise you can continue as before and forget about BCC tokens. specially if its price doesn't interest you by that time.

yes after they forked, they will give you equivalent of your BTC in BCC. the difference between this and an altcoin airdrop is that you don't need to sign a message.

yes. why not!

don't expect it on good exchanges like Gdax, they have already said they will never add this.
but small unknown exchanges may add it. like what ViaBTC exchange did already 4 days ago.

this is called replay attack. and as i said if you don't care about BCC tokens specially because of its price by that time then don't bother. just do as you were doing before.
but if not you should take actions to protect against this. if you don't wan to to lose BCC tokens

that is a whole different question.
if you think this is a good time them do it. and if you think it will go down more then wait.
i have bought all the bitcoin i could afford when it dropped down to $1800 and have no more fiat for this month.

Replay attacks will not be possible from the beginning of the fork as I understand. This fork will not be like the messy one that Ethereum did.

On making a decision between BTC and BCC. Whatever you decide to dump is up to you. But you can also hold both if you want.

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?