Hi,
random question: A friend has been receiving $50 bitcoin payments every now and then a few times. In his blockchain wallet it shows the balance correctly, though when i we went to the address which has always remained the same for payments - as he copy and paste the same one rather than go into the app to get a new one - it shows the balance as a third of what the full amount in the wallet shows.
After looking on the block explorer i can see that some of the payments have moved to a different address after being received. So now i am concerned, because the only way to do that would be if you have the private key and secondly why does it automatically move my coins around. he just had to pay to move them all back into the same address which showed up as "transfer" rather than sent or receive. Very confused about why its like this?
Any guidance would be appreciated.
I am far from an expert, but I think that there is some aspect that I can attempt to clarify.
If the coins were moved around and to different addresses and to different wallets (the wallet is more important than the address because the wallet has the private keys to all of the addresses that fall under the wallet). Anyhow, if he moved the bitcoins to various different addresses within the same wallet, then everything should be good; however, it sounds as if he may have moved the bitcoins to addresses that are controlled by different wallets.
From my understanding it doesn't matter how you are moving the bitcoins around either before or after August 1 (the time of the hardfork) as it matters where the Bitcoins were at the exact time of the hardfork. therefore, at the exact time of the hardfork, the BCH will be affiliated with whereever the coins were at that specific time, and whether you can access the BCH or not will depend upon whether the Bitcoins were (at the exact time of the hardfork) in a location that either you had access to the private keys or some third party service that is agreeable to distributing the BCH at the time that that third party (if there is a third party) held the private keys to the at-issue Bitcoins.
To me it seems a bit unclear about whether you have provided enough information to indicate whether your "friend" had access to the private keys at the exact time of the hardfork, and to describe the difference between the addresses in which they were stored at the exact time of the hardfork, whether with a different wallet or the same wallet?
Thank you for your help. I understand what you mean, with having various addresses within the same wallet. That is usually the case, though allow me to clarify:
- I am not here for Bitcoin Cash, that is a topic that i understand and can process.
- I am wondering why despite my friend being sent multiple amounts at various times to the same exact wallet address, they were moved around within the same wallet? I mean, if i send to one bitcoin address multiple times, they should all go to that address and not autoforward within the wallet to other addresses, right? or is that how the blockchain wallet works?
