Topic: Do I move my BTC or not? (Read 1080 times)
I think BTC has the ability to move to a new bag
I am curious what happened here for you, please send Ann update. I know a lot of people missed the boat they think for the bcc but it's not too late.
Hello, I have my BTC stored on a .dat bitcoin-qt wallet long time ago. The last time I sync the blockchain was +6 months. These are my questions:
How I'm going to get the BCC? Where are going to appear? Do I have to wait for a new release of Bitcoin-Qt?
Do I have to do something before 1stAugust? What do you recommend in terms of security?
Someone suggested me uploading the wallet.dat to blockchain.info, once after the fork sending both to different addresses. Any bold ideas?
How I'm going to get the BCC? Where are going to appear? Do I have to wait for a new release of Bitcoin-Qt?
Do I have to do something before 1stAugust? What do you recommend in terms of security?
Someone suggested me uploading the wallet.dat to blockchain.info, once after the fork sending both to different addresses. Any bold ideas?
always wait the announcement because they announce all before do anything for all safety of your money.
The value of BTC is increasing 
It all depends on you if you keep on updating the value of btc then try to move but if you don't want just don't. There are ways to trade your btc since there are times when the value increases. If I were you I would move my bitcoin. I won't let time just passed by. I have to do something on that so it will become bigger.
The value of BTC is increasing
The safe way to do it is the following:
I believe this is the safest way to split your BTC / BCH in a way that even a harmful/rogue wallet fed with your private keys will not affect the other chain, because both BTC-OLD and BCH-TRANS had to share the same private keys to make the split possible.
Of course there is replay protection but this is enforced by consensus, and that wouldn't prevent a rogue wallet with unencrypted private keys to craft transactions that would be sent to the other chain.
- Don't move your coins before the fork, leave them in your wallet, let's call it it BTC-OLD
- After the fork, create a new wallet, let's call it BTC-NEW, get an address from BTC-NEW
- Move all your BTC from BTC-OLD to the address of BTC-NEW
- Install a BCH wallet, and create a new wallet, let's call it BCH-TRANS
- Export your private keys from the (now BTC-empty) BTC-OLD to the BCH-TRANS wallet
- Your BCH 1:1 from BTC-OLD will "appear" in your BCH-TRANS wallet
I believe this is the safest way to split your BTC / BCH in a way that even a harmful/rogue wallet fed with your private keys will not affect the other chain, because both BTC-OLD and BCH-TRANS had to share the same private keys to make the split possible.
Of course there is replay protection but this is enforced by consensus, and that wouldn't prevent a rogue wallet with unencrypted private keys to craft transactions that would be sent to the other chain.
Alright, thanks. I'll proceed syncing the blockchain, my concern is do I download the latest Bitcoin Core 0.14.2 ? I was running an earlier version.
You should wait but even if you sync your wallet which I believe it will take a long time since you say it has 6 or more months that is not synchronized, you can after your wallet is synchronized move your coins to another wallet if you like. If I were you I would keep them where they are and would have sync the wallet on August 3 ,4 or maximum 5. Nothing should happened. BCC is just an altcoin like many others.
BTC transactions are being made without problems now.
BTC transactions are being made without problems now.
Someone told me to import the private-keys directly to Electrum. Then moving my BTC's to a new Electrum address. However there are several misunderstanding about splitting BTC/BCC with electrum, it is still officially unsupported but it can be done anyway using "Electron Cash" a fork of Electrum for Bitcoin Cash (which I personally pass). https://electrum.org/bcc2.txt
On the other hand, I have plans to get a Trezor soon, it may take up to 2 weeks until I grab it on my hands.. What should I do then? :
1- going the slowly & easiest way: downloading the full blockchain with the latest bitcoin-qt wallet, creating a new address with the latest updated Trezor firmware, then moving the BTC's into it. Enjoying both coins instantly!.
2- going the fast & risky way by sweeping the bitcoin-qt privkeys into electron cash.
3- doing nothing by just waiting for a bitcoin-qt version that supports both BTC/BCH? (unlikely)
Thanks, please share your thougths/ideas
Please can someone tell me what is BCC ? I had some in my account on an exchange. What is it ? Where does it come from ? It is a coin ? I'm sorry if it's a bad question im become confused.
Bcc is considering as altcoin and then splitting coin is in progress as above stated in the forum hot topic. This coin is split up from bitcoin hence people think that it is part of bitcoin and people have interest like they have on ethereum
Still cost of this altcoin also seems increased more than 300$ in 3 to 5 hours yesterday. If you are fine with altcoin investment still you can invest on this too how you see the ethereum.Lets wait for some days to go and it segwit activation gonna to start. After that still price make changes in btc or BCH.
Please can someone tell me what is BCC ? I had some in my account on an exchange. What is it ? Where does it come from ? It is a coin ? I'm sorry if it's a bad question im become confused.
It's an alt coin which has been created after the fork. You probably had some bitcoins on your exchange and your exchange supports BCC, hence you got your BCC based on the amount of bitcoins you had. Please can someone tell me what is BCC ? I had some in my account on an exchange. What is it ? Where does it come from ? It is a coin ? I'm sorry if it's a bad question im become confused.
Bcc is considering as altcoin and then splitting coin is in progress as above stated in the forum hot topic. This coin is split up from bitcoin hence people think that it is part of bitcoin and people have interest like they have on ethereum
You should wait but even if you sync your wallet which I believe it will take a long time since you say it has 6 or more months that is not synchronized, you can after your wallet is synchronized move your coins to another wallet if you like. If I were you I would keep them where they are and would have sync the wallet on August 3 ,4 or maximum 5. Nothing should happened. BCC is just an altcoin like many others.
BTC transactions are being made without problems now.
BTC transactions are being made without problems now.
Spend whatever it takes to get the blockchain downloaded fully. You'll get your coins on both chains so don't worry about that. Just update your client.
How large in terms of size do you think the updated full blockchain download would be ??
Please can someone tell me what is BCC ? I had some in my account on an exchange. What is it ? Where does it come from ? It is a coin ? I'm sorry if it's a bad question im become confused.
Bcc(bitcoincash) is a fork of bitcoin. you can dump it if you like on exchanges where it's traded(bittrex,bter). i dumped mine. Please can someone tell me what is BCC ? I had some in my account on an exchange. What is it ? Where does it come from ? It is a coin ? I'm sorry if it's a bad question im become confused.
Bcc is considering as altcoin and then splitting coin is in progress as above stated in the forum hot topic. This coin is split up from bitcoin hence people think that it is part of bitcoin and people have interest like they have on ethereum
have enough blocks been mined in order to move BTC to new wallet?
Please can someone tell me what is BCC ? I had some in my account on an exchange. What is it ? Where does it come from ? It is a coin ? I'm sorry if it's a bad question im become confused.
Spend whatever it takes to get the blockchain downloaded fully. You'll get your coins on both chains so don't worry about that. Just update your client.
How large in terms of size do you think the updated full blockchain download would be ??
Your client seems to be insanely old. According to what you said, you are using Bitcoin-QT. I remember that this was back in 2013 and before, you should get your wallet.dat backed up in a folder, then install the latest Bitcoin Core wallet and get the wallet.bat back into the folder.
Spend whatever it takes to get the blockchain downloaded fully. You'll get your coins on both chains so don't worry about that. Just update your client.
Spend whatever it takes to get the blockchain downloaded fully. You'll get your coins on both chains so don't worry about that. Just update your client.
I have been advised to nice any Bitcoin into wallet that gives you your private key and thus gives you control of your Bitcoin. I love the true ownership offered just by being a user of Bitcoin. The pointed finger of upper wing wealth in America is always aimed right at the one who either controls the system or the biggest threat to the system
Back to the wallet thing: examples of wallets /private key access are Jaxx, Mycelium, blockchain.info to name some.
Back to the wallet thing: examples of wallets /private key access are Jaxx, Mycelium, blockchain.info to name some.
You should transfer to viabtc by buying BCC there .. it's a good idea because your BTC there will increase.
Hello, I have my BTC stored on a .dat bitcoin-qt wallet long time ago. The last time I sync the blockchain was +6 months. These are my questions:
How I'm going to get the BCC? Where are going to appear? Do I have to wait for a new release of Bitcoin-Qt?
Do I have to do something before 1stAugust? What do you recommend in terms of security?
Someone suggested me uploading the wallet.dat to blockchain.info, once after the fork sending both to different addresses. Any bold ideas?
How I'm going to get the BCC? Where are going to appear? Do I have to wait for a new release of Bitcoin-Qt?
Do I have to do something before 1stAugust? What do you recommend in terms of security?
Someone suggested me uploading the wallet.dat to blockchain.info, once after the fork sending both to different addresses. Any bold ideas?
I would suggest sending them to an exchange prior to the fork and getting your BCC credited there, that way you don't have to worry about splitting the tokens yourself or replay attacks. Of course it must be an exchange that supports the fork.
The safe way to do it is the following:
I believe this is the safest way to split your BTC / BCH in a way that even a harmful/rogue wallet fed with your private keys will not affect the other chain, because both BTC-OLD and BCH-TRANS had to share the same private keys to make the split possible.
Of course there is replay protection but this is enforced by consensus, and that wouldn't prevent a rogue wallet with unencrypted private keys to craft transactions that would be sent to the other chain.
Is there the possibility even happening and when it does, is it going to be permanent. I have transferred all my bitcoins into the bitcoins, i dont want anyone giving me excuses of having lost my bitcoins and me not doing anything to recover them. - Don't move your coins before the fork, leave them in your wallet, let's call it it BTC-OLD
- After the fork, create a new wallet, let's call it BTC-NEW, get an address from BTC-NEW
- Move all your BTC from BTC-OLD to the address of BTC-NEW
- Install a BCH wallet, and create a new wallet, let's call it BCH-TRANS
- Export your private keys from the (now BTC-empty) BTC-OLD to the BCH-TRANS wallet
- Your BCH 1:1 from BTC-OLD will "appear" in your BCH-TRANS wallet
I believe this is the safest way to split your BTC / BCH in a way that even a harmful/rogue wallet fed with your private keys will not affect the other chain, because both BTC-OLD and BCH-TRANS had to share the same private keys to make the split possible.
Of course there is replay protection but this is enforced by consensus, and that wouldn't prevent a rogue wallet with unencrypted private keys to craft transactions that would be sent to the other chain.
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