Topic: Do we own two bitcoins? (Read 923 times)

That's not correct. The splitting does not term it to be second or third bitcoin. It gets splitted from the main chain and generating a value for it. Based on the fact it gets added to the list of altcoins and it never gets considered as an bitcoin just because of its name and splitting from the major chain.

And since November this year, after another hard fork, the third bitcoin BitcoinGold may appear. If the two bitcoins have some confusion, then when the third bitcoin appears, this confusion will only increase.

I don't have 2 btc. I earn some btc with trade but I don't keep it. regularly I buy other coin and hold it some time this way growth my btc. I use coinbase wallet

They're two seperate coins. There is only one BITCOIN. The other altcoin is called bitcoin cash.
They have two separate wallets. When the split happened we had to be an exchanged that supported BCH like bittrex.

We received the free airdrop coins and later on were allowed to trade them, withdraw them and do anything with them.
It's just like any new coin, you have to download its own wallet create a new address and use that.

There is no interference between them as you think that they got mixed up together.

for now i do not have bitcoin because time is bitcoin split i sell my bitcoin, because my prediction bitcoin price will go down, but my prediction is wrong so i do not get bitcoin cash.

As much as I hate bitcoin cash, I disagree with you, I dont consider the fork an airdrop. I wish it were, but I find it much more hostile than that.

Yes, we have two bitcoins. We have the original version of bitcoin and the clone bitcoin which is called bitcoin cash. The only difference is, the price of bitcoin (original) is higher or almost x10 of the price of bitcoin cash so it is easy to tell that bitcoin is the best cryptocurrency even there is another kind of bitcoin in the market.

Do you even know what this thread is about? Have you even properly read the topic and reply you're answering to or are you just posting some nonsense to increase your post count?

This thread is about Bitcoin cash, not about whether you have 2 Bitcoins or not. Everybody who had access to the private key of his wallet on the time of the split between Bitcoin & Bitcoin Cash received an amount of Bitcoin Cash equal to his amount of Bitcoin at the time of the split.

I really don't see how this could be that confusing for some people....

I think even in the exchanges, the amount of bitcoin one held on the date of split, they credited the same amount to their bitcoin cash wallet too, I know this happened at poloniex. Don't know about other exchanges though.

Buy more as long as you can especially when price drops, we can get this opportunity so we will be able to earn alot in the future. Having btc now can change our future for better.

I think it is personal. Why would somebody tell you about his holding, that h you many bitcoin he has in his bitcoin wallet. It is I think just like that I asked from someone whom I don’t know that how much money you have in your bank account.

So I think this is irrelative question. I am holding more than one. What you think about this? Is this enough for my future, or I should buy more bitcoin.

It actually got me confused sometimes when I was reading articles talking about bitcoin and bitcoin cash, I was wondering whether I was still on earth or not cos I was wondering what happened, but after reading through for sometime I realized what happened.

I have been seeing articles online too asking the same thing whether we owned two bitcoin, based on what I learnt from the articles I read, now there are two types of bitcoin, bitcoin core(which was the first and the most popular) and bitcoin cash.

Have there been any other airdrop by fork events?

Holding Bitcoin prior to a certain block height isn't the only requirement to be eligible to claim an airdrop, usually it is also required to register your address during a certain time frame, which is done by proving that you own that Bitcoin address by signing a message. If you haven't claimed your coins during an airdrop, then you won't be able to claim them in the future. This makes Byteball and Stellar different from Bitcoin Cash, and the later should be called "airdrop by fork" to emphasize that you can claim it at any time.

That has been the came question that has been going through my head for a while now, I have been wondering if we own two bitcoins, articles have been springing up from different sources on the web all telling about a new bitcoin cash

Ok DannyHamilton

It is as I thought then. Good.

But how do you mean that I can choose which one of bitcoin cash, or regular bitcoin, that I want to send from my private key elsewhere?

Where is the website that could do this?

And how can I send only one type when they are both located on the same private key? I suppose there is some kind of exchange/website that somehow knows what I have in my private wallet? Because you say it is possible to choose one of the two. So the website that makes this possible somehow has a choosing mechanism?

Could you give me some examples of websites where I could do this?

Yes.


Yes.


If you acquired your bitcoin after the fork, or if you no longer have access to the private key where the coins were secured at the time of the fork after having moved one type to a new address.


Bitcoins?  The same way as before.


You choose which one you want to transfer.


No.

If you send 1 Bitcoin, then you will only have 1 Bitcoin showing up. You will still have access to 1 Bitcoin Cash at the original address (since you didn't send that anywhere yet).

If you want 1 Bitcoin Cash to show up, then you'll need to use a Bitcoin Cash wallet and send Bitcoin Cash.


Only if you send both (using two separate transactions, one for each type of coin).


Bitcoin is not Bitcoin Cash.  It's confusing because they chose a confusing name.  Imagine if they called the fork Niocib instead.  You'd have 1 Bitcoin and 1 Niocib, not 2 Bitcoin.  The same is true here.  You have 1 Bitcoin and 1 Bitcoin Cash, NOT 2 Bitcoin.


No.  It is 4200 per Bitcoin.

However, you also have received (for free) an equivalent amount of new asset called "Bitcoin Cash".  Your total worth is 700 per Bitcoin Cash.


Correct. For every Bitcoin, you also have an equivalent quantity of Bitcoin Cash.


Correct.  Your total value is approximately 4200 for every Bitcoin you own and approximately 700 for every Bitcoin Cash you own. I assume you have other value as well (car? house? clothing? food? etc).

I still don't understand if my total worth is now about 4900 per Bitcoin?

Because for every bitcoin I can also claim one Bitcoin cash now, or am I right?

So my total value should be about 4200+700=4900

An airdrop is like a reward for participating in a coin somehow. This can mean holding x amount of whatever the coin in question is to qualify for y coin. Or you simply will be awarded with y coin by taking part in a bounty drop where is you do something small sometimes as small as merely announcing your interest and sending you wallet address to participate. I don't actually know how to do the ones brew master spoke if but I did find this.

https://freedomnode.com/blog/76/how-to-get-free-bitcoins-with-byteball-and-stellar-lumens-giveaways

It basically gives you just under 1% of the value of the bitcoin you held at the time. Also this article confuses me and I'll have to go through it thoroughly to fully understand.