[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 886.

Trela

legendary

Activity: 1106

Merit: 1001

The Decentralized TCP/IP Internet Protocol

Quote from: Bitbirdie on July 30, 2017, 12:12:55 PM

Quote from: 95do on July 30, 2017, 12:04:53 PM

most hardforks I seen the newer coin crashes then people buy it back when it dumps then it recovers and the old coin crashes Shocked

right?

ETH/ETC as an illustration, both BTC/BCC will coexist. I wouldn't compare to other shitcoins.

Better arbitrage maybe buy either coin on weakness and sell on strength.

Remember Ethereum Classic is old blockchain Ethereum fork from incident The DAO ICO in 2016. For avoid attack from hacker, Ethereum decision HardFork their blockchain to two part are Ethereum (New) and Ethereum Classic (old blockchain hacked). So, it very different Bitcoin (Core) and Bitcoin Cash in current!

BossBee

hero member

Activity: 682

Merit: 540

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.

brickblock

member

Activity: 196

Merit: 12

🔵 Brickblock.io - Tokenization platform

Hopefully the fork goes down smoothly and the crypto-sphere is not adversely affected.

legendbtc

hero member

Activity: 1246

Merit: 508

Leading Crypto Sports Betting & Casino Platform

Quote from: tintumon on July 30, 2017, 11:30:57 AM

Quote from: Ayers on July 30, 2017, 11:15:16 AM

do you guy think the value will remain as it is now for bcc, or will be dumped fast? i'm wondering if it's worth to take out the cold storage to claim all the bcc as a possible, or maybe not, always free money but if the value tank to 0.01 it's not worth the risk

It will get dumped very fast for sure as people love free money. Dont know whether it would recover fast from the dump though.

May be there is a chance of recovery and for some time it is not possible for recovery. What is the problem with Bitcoin Cash and why some exchanges are not accepting to list on their exchange? What is the major reason behind it, many people don't have any big hope on this project that's why they are dumping the BCC.

tekmobile

full member

Activity: 392

Merit: 154

Quote from: 95do on July 30, 2017, 12:04:53 PM

most hardforks I seen the newer coin crashes then people buy it back when it dumps then it recovers and the old coin crashes Shocked

right?

Its more of a copy than a fork in typical chinese style the abbreviation BCC is quite fitting really "Blind Carbon Copy"

Bitbirdie

newbie

Activity: 5

Merit: 0

Quote from: 95do on July 30, 2017, 12:04:53 PM

most hardforks I seen the newer coin crashes then people buy it back when it dumps then it recovers and the old coin crashes Shocked

right?

ETH/ETC as an illustration, both BTC/BCC will coexist. I wouldn't compare to other shitcoins.

Better arbitrage maybe buy either coin on weakness and sell on strength.

95do

full member

Activity: 208

Merit: 100

most hardforks I seen the newer coin crashes then people buy it back when it dumps then it recovers and the old coin crashes Shocked

right?

tekmobile

full member

Activity: 392

Merit: 154

Quote from: tintumon on July 30, 2017, 11:38:29 AM

Quote from: tekmobile on July 30, 2017, 11:34:59 AM

Quote from: Ayers on July 30, 2017, 11:15:16 AM

do you guy think the value will remain as it is now for bcc, or will be dumped fast? i'm wondering if it's worth to take out the cold storage to claim all the bcc as a possible, or maybe not, always free money but if the value tank to 0.01 it's not worth the risk

Im waiting until after the fork and then transferring all my cold storage coins to another offline address then import the old priv key to transfer the BCC to an exchange then destroy the old address like it never existed.

What do you mean by destroying the old address? Once the address and the transactions are is created in blockchain, it exists there for ever. What does it accomplish in anyway?

I know its history will be there I just mean destroy my copy of it along with the private key so it cannot be used again

Bitbirdie

newbie

Activity: 5

Merit: 0

Interesting everyone is predicting immediate sell and subsequent demise of BCC/BCH. If I were to take a contrarian view, it will gown down initially due to the herd, then stabilize and track BTC.

BCC/BCH is valuable to someone or entity at minimum as a vehicle to make money and that will drive the price. If there's money to be made, the herd will follow.

vlom

legendary

Activity: 1498

Merit: 1113

is there somewhere a ticker, countdown? a page that shows everything we have to know? if the fork happened, who is mining the new chain, etc.

tintumon

sr. member

Activity: 364

Merit: 250

dinkimole nokkalle...

Quote from: tekmobile on July 30, 2017, 11:34:59 AM

Quote from: Ayers on July 30, 2017, 11:15:16 AM

do you guy think the value will remain as it is now for bcc, or will be dumped fast? i'm wondering if it's worth to take out the cold storage to claim all the bcc as a possible, or maybe not, always free money but if the value tank to 0.01 it's not worth the risk

Im waiting until after the fork and then transferring all my cold storage coins to another offline address then import the old priv key to transfer the BCC to an exchange then destroy the old address like it never existed.

What do you mean by destroying the old address? Once the address and the transactions are is created in blockchain, it exists there for ever. What does it accomplish in anyway?

tekmobile

full member

Activity: 392

Merit: 154

Quote from: Ayers on July 30, 2017, 11:15:16 AM

do you guy think the value will remain as it is now for bcc, or will be dumped fast? i'm wondering if it's worth to take out the cold storage to claim all the bcc as a possible, or maybe not, always free money but if the value tank to 0.01 it's not worth the risk

Im waiting until after the fork and then transferring all my cold storage coins to another offline address then import the old priv key to transfer the BCC to an exchange then destroy the old address like it never existed.

tintumon

sr. member

Activity: 364

Merit: 250

dinkimole nokkalle...

Quote from: Ayers on July 30, 2017, 11:15:16 AM

do you guy think the value will remain as it is now for bcc, or will be dumped fast? i'm wondering if it's worth to take out the cold storage to claim all the bcc as a possible, or maybe not, always free money but if the value tank to 0.01 it's not worth the risk

It will get dumped very fast for sure as people love free money. Dont know whether it would recover fast from the dump though.

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

do you guy think the value will remain as it is now for bcc, or will be dumped fast? i'm wondering if it's worth to take out the cold storage to claim all the bcc as a possible, or maybe not, always free money but if the value tank to 0.01 it's not worth the risk

niklasmato

sr. member

Activity: 616

Merit: 263

Just learn from history.

You can see what happend to ETH and ETC when they forked.

https://www.coindesk.com/classic-dao-drove-ether-prices-2016/

It might be the same all over with this Bitcoin CASH vs BTC

BillCoin

sr. member

Activity: 476

Merit: 259

Quote from: VampiricElder on July 30, 2017, 10:06:57 AM

I actually really feel sorry for all those people who sold their altcoins at a loss for bitcoin because of this. What a sham. My advice is, buy back in to your alts before the split, or it will hurt.

That's also what I think, selling the altcoins just when everybody else is selling,is a very bad move.
Just after the hard fork, people are going to put back their funds into the exchanges and to buy back their alts at a higher price.
I suggest buying dgb,sia,steem at the moment , very low price.

VampiricElder

hero member

Activity: 495

Merit: 500

I actually really feel sorry for all those people who sold their altcoins at a loss for bitcoin because of this. What a sham. My advice is, buy back in to your alts before the split, or it will hurt.

tekmobile

full member

Activity: 392

Merit: 154

Quote from: Kolder on July 30, 2017, 09:55:18 AM

Bitcoin price will not affected too much by this fork because only few supported on BCC. A 1:1 scale is insane for BTC. But thanks for the advice. It means that BCC is just like a dividend in other coin. And nothing to worry.

No nothing to worry about BTC may even see a huge gain from this due to the new buys from selling off the BCC/BCH

Kolder

hero member

Activity: 896

Merit: 500

Quote from: junan1 on July 30, 2017, 04:47:36 AM

Quote from: Kolder on July 30, 2017, 04:30:56 AM

Hello OP or any knowledgeable user here about BCC. If I keep my BTC to a BCC capable wallet. Will I received equivalent BCC there? How too confuse regarding this matter. Will my money get double because BCC will have a price also? Thanks in advance for answering.

Every "BCC-capable" wallet I've seen so far is simply a Bitcoin Cash wallet and does not handle BTC. Be careful! there is a real risk that someone will put out a "Bitcoin Cash wallet" to learn your private keys and steal your BTC.

One idea is to move your bitcoins (say 12 bitcoins) to an address (say 1abc...) you control (you have the private key or mnemonic seed), wait until the blockchain forks, and then send all 12 bitcoins normally to some other address of yours (say 1def...). Once the bitcoins are safely at 1def... you can give the 1abc... private key to a Bitcoin Cash wallet and it will find 12 BCH at your 1abc... address, ready to send.

If you start with 12 bitcoins (under your control) then, after the fork, you will have 12 BCH and 12 BTC. If your bitcoins are on an exchange or in some bank-like online wallet then you may or may not receive any BCH (ask your provider to issue a statement regarding BCH).

Your money will not really double. You will have twice as many coins but those coins will be worth less than the coins you had before the fork.

Bitcoin price will not affected too much by this fork because only few supported on BCC. A 1:1 scale is insane for BTC. But thanks for the advice. It means that BCC is just like a dividend in other coin. And nothing to worry.

Gss2k2

full member

Activity: 138

Merit: 100

Quote from: tekmobile on July 30, 2017, 09:16:21 AM

Quote from: mindrust on July 30, 2017, 09:09:28 AM

Bcash is an immature attemp to coup bitcoin. Thanks to UASF148, we forced their hand and they had no choice to split before they have more power.

Bitcoin Unlimited and any other proposals had their chance to split at any time but they preferred to stay with the original chain. After we activated segwit they just got super mad over that and they saw that bitcoin community will never follow retards like Ver/Wu/Wright so they had to split with the whatever support they got. (Paid shills mostly)

They even talk about activating LN can you believe it? A Core made code which they badmouthed so many months.

And this now;
https://mobile.twitter.com/rogerkver/status/891338448463736832

After all those time he was angry with the high fees, he is mad at cheap fees. There is no way that we could be able to reason with those people.

They are sociopaths with bipolar sauce on top.

No need to say, I will be dumping my shitcoins as soon as I can on a reputable exchange. (Not viabtc clearly)

They can have all the bcash coins they want. I don't want to be contaminated with this shit.

Im going to sell on kraken no way im doing it on ViaBTC either

Blockstream is a business that pay Core, they benefit form small block because their tech dominate layer 2 solution effectively taking future volume offchain. Anyway not many exchange will have bcc trade pair and sending after the fork will take a long time due to high difficulty. If you take the safe solution, it will take you days to sell it and i expect the price to very low by then.

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 886. (Read 704387 times)