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Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 877. (Read 704825 times)

legendary
Activity: 1806
Merit: 1828
If I have BTC on my local wallet (Bitcoin Core v0.14.2) what should I do?

After the fork is confirmed to have happened, send your BTC to a different address, for security. Then import the private keys that had bitcoin into a BCC compatible wallet.
sr. member
Activity: 2366
Merit: 305
Duelbits - $100k Bonus/week
If I have BTC on my local wallet (Bitcoin Core v0.14.2) what should I do?
full member
Activity: 504
Merit: 101
safest plan right now is to transfer btc to different reliable altcoins. Tether, monero, litecoin, dash are all good options

but then you wont be credited Bitcoin Cash.
full member
Activity: 308
Merit: 112
28 btc on polo available at 5 percent wow loan shark
full member
Activity: 504
Merit: 101
I'm ready to see nice bloodbath with this coin. 0.12BTC is too high still. 0.01 maybe but more like 0.001

Bitcoin Civil War!
legendary
Activity: 1582
Merit: 1001
www.neutroncoin.com
Yobit is trading BCC at the moment around $343.
legendary
Activity: 1806
Merit: 1828
Anyone here manage to secure a BTC loan on Poloniex? Seems there are no BTC to lend anymore
Just checked. There is 5 BTC available. Hurry!  Grin
legendary
Activity: 3808
Merit: 1723
Anyone here manage to secure a BTC loan on Poloniex? Seems there are no BTC to lend anymore
newbie
Activity: 56
Merit: 0
How is this any different from the federal reserve printing off money when ever a crisis arises? In seeking to preserve the core values of BTC this fork is doing the opposite by shattering the virtue of a capped supply and doubling it over night.

The key difference is that when the Federal Reserve prints dollars, existing holders don't automatically receive extra dollars.  All else equal, such a maneuver reduces the purchasing power of each dollar, and therefore, the stored wealth of each holder of dollars.

For the Bitcoin hardfork, while both BCH and BTC will have less value than the bitcoins we have today, every bitcoin holder will automatically have the same amount of BCH and of BTC after the fork and so will maintain their purchasing power.

Why should BTC lose value if a new currency gives out free coins in 1:1 ratio of the BTC you have? It can even make BTC more valuable as many people will try to sell their free BCH coins for BTC so the demand of BTC will grow what will result in a raise of the price Wink

There were other Alt-Coins release with free airdrops and i don't think that any of them affected the value of BTC in anyway Wink

This is buried in the "all else equal" qualifier.  With this assumption I aim to compare current and near-future prices.

Every bitcoin today is effectively 1 BTC and 1 BCH stuck together.  The current bitcoin price is the value the market ascribes to this package.  I do not value 1 BTC more highly than 1 BTC and 1 BCH and I certainly do not expect the market to do so.  The same logic applies to airdrops.

Now, it may well be that 1 BTC next week will fetch more USD in the market than a bitcoin today, but this just typical market price volatility, volatility to which this noise and excitement will have contributed.
full member
Activity: 308
Merit: 112
I think 1 second after the btc holders are credited the bit coin cash a lot will look to sell bitcoin none will look to buy bit coin if you going to buy bitcoin you do,it,before 1220 utc time,and initial drop is,a,given right after the fork but how far is any,ones guess then again on yo bit it appears,bit coin didn't drop after the bitmcash distribution if in fact bit cash has been distributed on yo,bit
newbie
Activity: 56
Merit: 0
Something that doesn't yet even exist (!), is already 'worth' several hundreds of bucks

Zcash was similarly valued shortly before it launched.
full member
Activity: 168
Merit: 100
How is this any different from the federal reserve printing off money when ever a crisis arises? In seeking to preserve the core values of BTC this fork is doing the opposite by shattering the virtue of a capped supply and doubling it over night.

The key difference is that when the Federal Reserve prints dollars, existing holders don't automatically receive extra dollars.  All else equal, such a maneuver reduces the purchasing power of each dollar, and therefore, the stored wealth of each holder of dollars.

For the Bitcoin hardfork, while both BCH and BTC will have less value than the bitcoins we have today, every bitcoin holder will automatically have the same amount of BCH and of BTC after the fork and so will maintain their purchasing power.

Why should BTC lose value if a new currency gives out free coins in 1:1 ratio of the BTC you have? It can even make BTC more valuable as many people will try to sell their free BCH coins for BTC so the demand of BTC will grow what will result in a raise of the price Wink

There were other Alt-Coins release with free airdrops and i don't think that any of them affected the value of BTC in anyway Wink
legendary
Activity: 895
Merit: 1001
hello i have an question that how to collect BCC in my local bitcoin wallet

i need an tutorial
newbie
Activity: 56
Merit: 0
Satoshi recommended that you should never destroy a private key. Never know if someone might send you a gift.

Yes.  Here's the quote.

The person who originally sent the broken transactions deleted his wallet
Sigh... why delete a wallet instead of moving it aside and keeping the old copy just in case?  You should never delete a wallet.
full member
Activity: 308
Merit: 112
Not if there bitcoins on coinbase and poloniex hasn't decided if there credit bitcoin holders,with bit cash that's quite a risk on polo to,take at least coinbase said we won't credit you withdraw your btc if you want  it cash
sr. member
Activity: 285
Merit: 251
Sorry for the newb question.

To clarify, with Bittrex - you only need to have BTC in your wallet at 12:20 UCT (approximately 12 hours) in order to receive the cash?

yes
newbie
Activity: 56
Merit: 0
How is this any different from the federal reserve printing off money when ever a crisis arises? In seeking to preserve the core values of BTC this fork is doing the opposite by shattering the virtue of a capped supply and doubling it over night.

The key difference is that when the Federal Reserve prints dollars, existing holders don't automatically receive extra dollars.  All else equal, such a maneuver reduces the purchasing power of each dollar, and therefore, the stored wealth of each holder of dollars.

For the Bitcoin hardfork, while both BCH and BTC will have less value than the bitcoins we have today, every bitcoin holder will automatically have the same amount of BCH and of BTC after the fork and so will maintain their purchasing power.
newbie
Activity: 18
Merit: 0
Sorry for the newb question.

To clarify, with Bittrex - you only need to have BTC in your wallet at 12:20 UCT (approximately 12 hours) in order to receive the cash?
full member
Activity: 308
Merit: 112
On hit btc bitcoin cash futures are 799 US dollars and on different exchange there 293 dollars wow
full member
Activity: 308
Merit: 112
On yo bit bitcoin cash is trading at .13 and bitcoin 2820"dollars,that's same as 3200 US dollars for bitcoin so they have no devaluation in the btc price after the bitcoin cash has been credited too,btc holders if in fact it has been credited to,btc holders does,any one know if it has
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