BTC Fork & How it will change Bitcoin?

BaraxLo

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Quote from: kingvirtus09 on October 10, 2017, 11:15:16 AM

There will be some extra money Grin

if you buy bitcoin and leave it to your favorite exchange then you'll get the same amount of bitcoin you invest. Bitcoin will remain the same and it will spike up for sure.

Holding is always good and it is always profitable if it is done for long term and most of investor are doing so buying at cheaper rates and holding till the desire prices to knock at door to collect as much profit, bitcoin will remain profitable whatever time become and it will keep giving people its blessing and it will always be in the throne of digital currency.

Chin Cheng

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Quote from: kingvirtus09 on October 10, 2017, 11:15:16 AM

There will be some extra money Grin

if you buy bitcoin and leave it to your favorite exchange then you'll get the same amount of bitcoin you invest. Bitcoin will remain the same and it will spike up for sure.

If you are actually planning to make an extra income make sure that you must keep your bitcoin in your own wallet rather than keeping it in exchanges ,always make sure that you are safe on that aspect and no further troubles if you spending some time to secure the coins in your own wallet rather than saving it online.

valisa

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I have also heard about the news, but whether it will happen again as in the first fork that makes the Bitcoin price higher. if fork incident this time like the first then we better save bitcoin than to sell it.

kingvirtus09

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There will be some extra money Grin

if you buy bitcoin and leave it to your favorite exchange then you'll get the same amount of bitcoin you invest. Bitcoin will remain the same and it will spike up for sure.

jas_Bart

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I like the responses to the OP. Can we all profit from margin trading by shorting BTC over the next couple days?

Turan100

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Quote from: jas_Bart on July 27, 2017, 05:53:21 PM

So, as you all know, we are receiving emails and notifications from Coinbase, Bitstamp etc about the upcoming Hard and Soft fork!

I am curious to have discussion about what is going to happen to our BTC and what will develop with the BCC in terms of exchanging and new prices etc.

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chaser15

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Quote from: jas_Bart on July 27, 2017, 05:53:21 PM

So, as you all know, we are receiving emails and notifications from Coinbase, Bitstamp etc about the upcoming Hard and Soft fork!

I am curious to have discussion about what is going to happen to our BTC and what will develop with the BCC in terms of exchanging and new prices etc.

BTC is still BTC even with a hardfork. The changes will be, there will be a new coin came from BTC source which is the BCC. As usual, it can trade, buy, sell etc. like other cryptocurrencies.

Although both have different features and BCC is the modified version, expect the original will prevail and will win the game. Just relax while big day is coming and let's watch altogether what will happened.

Idrisu

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I do believe the fork is going to be a positive one. If you follow latest news which detate the coin market price you will agree with me that Bcc is like a new altcoin and not bitcoin split. BTc will still remains the force to identify with. I must acknowledge that the panic is there but bitcoin keep going strong as most of us bitcoin ethuesiat has decided to live our coin in btc.

just_Alice

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Quote from: ibuddy122505 on July 30, 2017, 07:34:38 AM

Yes, it is happening on August 1. We should aware as August 1st will be an important moment of Bitcoin. The bitcoin blockchain will hard fork into bitcoin as we know it today BTC and BCC. I don't know, how this is going to affect the original bitcoin. Just wish good news though.

Me too. I hope BTC will survive since most people support it. I'm wondering for how much it will rise in the months to come when there is no danger any more? I think it can rise big because the anticipation of something bad which might happen after the Aug 1 is what was holding the rise of bitcoin so far.

webtricks

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Quote from: jas_Bart on July 27, 2017, 05:53:21 PM

So, as you all know, we are receiving emails and notifications from Coinbase, Bitstamp etc about the upcoming Hard and Soft fork!

I am curious to have discussion about what is going to happen to our BTC and what will develop with the BCC in terms of exchanging and new prices etc.

There are already so many similar threads, check 'Bitcoin Discussion' section and I guess I have already answered hundred of them.
You need not worry much about this fork. Its like in the class of 100 students, 95 going to study Science but 5 chose Commerce. So it will not that big economic viable fork. All you need to do is to follow guide as sent to you by your wallet via mail.
If they are planning to add BCC too, then you don't have to do anything than waiting. Your account will automatically added with both ballances in few days.
If they aren't planning to add then I suggest you not to send your btc here and there, better keep using Bitcoins and forget BCC, you won't gonna get millions selling 'em.

klf

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Quote from: freeyourmind on July 30, 2017, 03:42:09 AM

Quote from: jas_Bart on July 29, 2017, 11:51:22 PM

So all this being said, all the predictions lie fairly unanimously- slight disruption but ultimate strengthening of BTC. What is the anticipation for affect upon ETH, if any?

I'd assume minimal impact to Ethereum.

I wonder though, if we do have a hard fork, if the value of post hard fork BTC + BCC will equal the pre hard fork value of BTC.

I think even for Bitcoin prices also not much impact from current price level. It may correct another few hundred dollars from this price for the short time, and later it will recover the losses. I feel BCC may lose its value and slowly it may become like another altcoin like many other coins in the market. Finally, the only Bitcoin will grow high and high so just hold on to it.

ibuddy122505

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Yes, it is happening on August 1. We should aware as August 1st will be an important moment of Bitcoin. The bitcoin blockchain will hard fork into bitcoin as we know it today BTC and BCC. I don't know, how this is going to affect the original bitcoin. Just wish good news though.

HeRetiK

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Quote from: kryptqnick on July 30, 2017, 05:38:18 AM

Quote from: freeyourmind on July 30, 2017, 03:42:09 AM

Quote from: jas_Bart on July 29, 2017, 11:51:22 PM

So all this being said, all the predictions lie fairly unanimously- slight disruption but ultimate strengthening of BTC. What is the anticipation for affect upon ETH, if any?

I'd assume minimal impact to Ethereum.

I wonder though, if we do have a hard fork, if the value of post hard fork BTC + BCC will equal the pre hard fork value of BTC.

I don't think the price will remain equal, actually. Such a stressful event will cause many people do panic selling. They will probably try to invest their btc into some alts not to lose everything. Let's just hope no hard fork is awaiting us, for it will inevitably make lots of people lose their money and that is not good for the market. Especially if the king itself causes the losses. I believe it may even destroy the whole cryptocurrency market or at least destabilize it hugely.

The good part about the BTC / BCC hardfork is that we know it's happening - which means that the BTC / BCC hardfork is already priced in. In addition the market already took enough opportunities to correct itself since the ATH in June. Both circumstances that make me quite bullish about the next days, although it might get quite turbulent.

kryptqnick

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Quote from: freeyourmind on July 30, 2017, 03:42:09 AM

Quote from: jas_Bart on July 29, 2017, 11:51:22 PM

So all this being said, all the predictions lie fairly unanimously- slight disruption but ultimate strengthening of BTC. What is the anticipation for affect upon ETH, if any?

I'd assume minimal impact to Ethereum.

I wonder though, if we do have a hard fork, if the value of post hard fork BTC + BCC will equal the pre hard fork value of BTC.

I don't think the price will remain equal, actually. Such a stressful event will cause many people do panic selling. They will probably try to invest their btc into some alts not to lose everything. Let's just hope no hard fork is awaiting us, for it will inevitably make lots of people lose their money and that is not good for the market. Especially if the king itself causes the losses. I believe it may even destroy the whole cryptocurrency market or at least destabilize it hugely.

magneto

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Quote from: jas_Bart on July 27, 2017, 05:53:21 PM

So, as you all know, we are receiving emails and notifications from Coinbase, Bitstamp etc about the upcoming Hard and Soft fork!

I am curious to have discussion about what is going to happen to our BTC and what will develop with the BCC in terms of exchanging and new prices etc.

Well forks are common, they are simply network upgrades to maintain the bitcoin system so that it can scale properly.

There are definitely disputes however regarding how this should be done.

The bitcoin cash team has promised that it will activate a hard fork on 1st August, and essentially this will mean that if you download the bitcoin cash wallet you will be able to claim your "free" bitcoin cash, if you like. Basically it is similar to Ethereum Classic and Ethereum, there will be a chain split and two chains will fork off to different roads.

Scaling bitcoin is good. But i don't see much point in bitcoin cash being activated. It's not like anyone is going to use it or anything.

Quote from: freeyourmind on July 30, 2017, 03:42:09 AM

Quote from: jas_Bart on July 29, 2017, 11:51:22 PM

So all this being said, all the predictions lie fairly unanimously- slight disruption but ultimate strengthening of BTC. What is the anticipation for affect upon ETH, if any?

I'd assume minimal impact to Ethereum.

I wonder though, if we do have a hard fork, if the value of post hard fork BTC + BCC will equal the pre hard fork value of BTC.

True, but that's not taking into account people panic dumping in case of a hard fork.

freeyourmind

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Quote from: jas_Bart on July 29, 2017, 11:51:22 PM

So all this being said, all the predictions lie fairly unanimously- slight disruption but ultimate strengthening of BTC. What is the anticipation for affect upon ETH, if any?

I'd assume minimal impact to Ethereum.

I wonder though, if we do have a hard fork, if the value of post hard fork BTC + BCC will equal the pre hard fork value of BTC.

jas_Bart

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So all this being said, all the predictions lie fairly unanimously- slight disruption but ultimate strengthening of BTC. What is the anticipation for affect upon ETH, if any?

btc_angela

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Quote from: xuan87 on July 28, 2017, 03:33:06 AM

It will impact Bitcoin negatively, the price movement and the growth of Bitcoin will be disrupted, and the trust from the investors will be down, in general Bitcoin movement will be slow down and we will have a setback, and the BCC fate will be seen after August, seems like not a lot of people care a bout this coin

Exactly. Most of us here don't want a fork to happen but in an event that it will BCC will not be recognized by most of us. Although it will really hurt the price to a extent but I think bitcoin will bounce back again and show who the real king of cryptworld. Its just sad to see the some individual will break the chain and put another altcoin for their love of the money. There will be temporary setback indeed but rest assured that bitcoin will come back stronger.

CryptoBry

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Quote from: Iranus on July 27, 2017, 06:01:34 PM

With the majority of major exchanges not accepting it, the volume would probably be pretty low for BCC as whales are unlikely to trust their money with unknown exchanges. You can expect any price movements and even if BCC got very high, the price would not be justified and it would not last. If the volume is high, it's likely to be people dumping their coins and treating it like "free money", in which case the price will drop drastically.

I expect almost the same scenario as far as this BitcoinCash (BCC) is concerned. People would easily dump the said new altcoin as this can be an opportunity to make some money. At the end of the day, Bitcoin can win big time. I am expecting that if things will be smooth then we can see Bitcoin regain much of the value it lost the past weeks.

serjent05

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Quote from: xuan87 on July 28, 2017, 03:33:06 AM

It will impact Bitcoin negatively, the price movement and the growth of Bitcoin will be disrupted, and the trust from the investors will be down, in general Bitcoin movement will be slow down and we will have a setback, and the BCC fate will be seen after August, seems like not a lot of people care a bout this coin

I think the same thing too since if BTC fork, the community will be divided each supporting different chain but I think this will be temporary. Once the major chain is determined Bitcoin will definitely come back and price will rebound and even surpass its ETH. It is just a matter of time until the main chain is recognized so the set back will be temporary.

Topic: BTC Fork & How it will change Bitcoin? (Read 987 times)