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Topic: Do we own two bitcoins? (Read 962 times)

full member
Activity: 366
Merit: 100
September 29, 2017, 02:03:54 PM
#29
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.
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.
full member
Activity: 364
Merit: 100
September 29, 2017, 01:37:45 PM
#28
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.
full member
Activity: 518
Merit: 100
September 29, 2017, 08:20:51 AM
#27
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
hero member
Activity: 728
Merit: 537
September 29, 2017, 07:57:47 AM
#26
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.
full member
Activity: 378
Merit: 100
September 29, 2017, 07:44:18 AM
#25
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.
sr. member
Activity: 378
Merit: 250
September 29, 2017, 07:09:32 AM
#24
you have only ONE bitcoin and will always have ONE bitcoin no matter what is going on in the world of cryptocurrencies.

what you additionally have is an airdrop. there are actually a lot of them. at least 8 of them are currently running and you can claim them as long as you (1) hold your private keys (2) had any balance in those addresses prior to certain block heights.

the active airdrops that i can remember are as follows:
BitCore
Byteball
Bitcoin Cash
Stellar


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.
hero member
Activity: 2590
Merit: 644
September 29, 2017, 07:05:00 AM
#23
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.
legendary
Activity: 1792
Merit: 1283
September 29, 2017, 05:20:34 AM
#22
To you guys who have owned Bitcoin for a while.

As long as you did not have your BitCoin on a bitcoin-stockexchange, during the split, you now have both BitCoin cash and Bitcoin core, right? 

As long as you created your address on BitAddress, and then memorized the address in your head, on a paper or in cold storage, you now have both types of BitCoin, right? 

Is there some other scenario in which you now only have one BitCoin, except for those who had their BitCoin on an exchange during the split?

If you have two BitCoins, how do you go about selling your BitCoins now? And how do you know if you are selling Bitcoin Core or Bitcoin Cash? 


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
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.
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....
hero member
Activity: 714
Merit: 500
September 29, 2017, 05:15:18 AM
#21
To you guys who have owned Bitcoin for a while.

As long as you did not have your BitCoin on a bitcoin-stockexchange, during the split, you now have both BitCoin cash and Bitcoin core, right? 

As long as you created your address on BitAddress, and then memorized the address in your head, on a paper or in cold storage, you now have both types of BitCoin, right? 

Is there some other scenario in which you now only have one BitCoin, except for those who had their BitCoin on an exchange during the split?

If you have two BitCoins, how do you go about selling your BitCoins now? And how do you know if you are selling Bitcoin Core or Bitcoin Cash? 



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.
hero member
Activity: 837
Merit: 500
September 29, 2017, 05:09:00 AM
#20
To you guys who have owned Bitcoin for a while.

As long as you did not have your BitCoin on a bitcoin-stockexchange, during the split, you now have both BitCoin cash and Bitcoin core, right?  

As long as you created your address on BitAddress, and then memorized the address in your head, on a paper or in cold storage, you now have both types of BitCoin, right?  

Is there some other scenario in which you now only have one BitCoin, except for those who had their BitCoin on an exchange during the split?

If you have two BitCoins, how do you go about selling your BitCoins now? And how do you know if you are selling Bitcoin Core or Bitcoin Cash?  


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
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.
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.
hero member
Activity: 2828
Merit: 611
September 29, 2017, 05:03:15 AM
#19
To you guys who have owned Bitcoin for a while.

As long as you did not have your BitCoin on a bitcoin-stockexchange, during the split, you now have both BitCoin cash and Bitcoin core, right? 

As long as you created your address on BitAddress, and then memorized the address in your head, on a paper or in cold storage, you now have both types of BitCoin, right? 

Is there some other scenario in which you now only have one BitCoin, except for those who had their BitCoin on an exchange during the split?

If you have two BitCoins, how do you go about selling your BitCoins now? And how do you know if you are selling Bitcoin Core or Bitcoin Cash? 


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
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.
full member
Activity: 368
Merit: 104
September 14, 2017, 10:07:42 AM
#18
To you guys who have owned Bitcoin for a while.

As long as you did not have your BitCoin on a bitcoin-stockexchange, during the split, you now have both BitCoin cash and Bitcoin core, right? 

As long as you created your address on BitAddress, and then memorized the address in your head, on a paper or in cold storage, you now have both types of BitCoin, right? 

Is there some other scenario in which you now only have one BitCoin, except for those who had their BitCoin on an exchange during the split?

If you have two BitCoins, how do you go about selling your BitCoins now? And how do you know if you are selling Bitcoin Core or Bitcoin Cash? 


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.
full member
Activity: 455
Merit: 102
September 14, 2017, 07:18:01 AM
#17
To you guys who have owned Bitcoin for a while.

As long as you did not have your BitCoin on a bitcoin-stockexchange, during the split, you now have both BitCoin cash and Bitcoin core, right? 

As long as you created your address on BitAddress, and then memorized the address in your head, on a paper or in cold storage, you now have both types of BitCoin, right? 

Is there some other scenario in which you now only have one BitCoin, except for those who had their BitCoin on an exchange during the split?

If you have two BitCoins, how do you go about selling your BitCoins now? And how do you know if you are selling Bitcoin Core or Bitcoin Cash? 


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.
full member
Activity: 157
Merit: 100
September 06, 2017, 02:22:34 PM
#16
Have there been any other airdrop by fork events?
legendary
Activity: 3024
Merit: 2148
September 06, 2017, 08:01:36 AM
#15
you have only ONE bitcoin and will always have ONE bitcoin no matter what is going on in the world of cryptocurrencies.

what you additionally have is an airdrop. there are actually a lot of them. at least 8 of them are currently running and you can claim them as long as you (1) hold your private keys (2) had any balance in those addresses prior to certain block heights.

the active airdrops that i can remember are as follows:
BitCore
Byteball
Bitcoin Cash
Stellar

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.
full member
Activity: 397
Merit: 100
September 06, 2017, 07:53:21 AM
#14
To you guys who have owned Bitcoin for a while.

As long as you did not have your BitCoin on a bitcoin-stockexchange, during the split, you now have both BitCoin cash and Bitcoin core, right? 

As long as you created your address on BitAddress, and then memorized the address in your head, on a paper or in cold storage, you now have both types of BitCoin, right? 

Is there some other scenario in which you now only have one BitCoin, except for those who had their BitCoin on an exchange during the split?

If you have two BitCoins, how do you go about selling your BitCoins now? And how do you know if you are selling Bitcoin Core or Bitcoin Cash? 


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
newbie
Activity: 60
Merit: 0
August 26, 2017, 05:26:25 AM
#13
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?

legendary
Activity: 3472
Merit: 4801
August 24, 2017, 03:55:59 PM
#12
As long as you did not have your BitCoin on a bitcoin-stockexchange, during the split fork, you now have both BitCoin cash and Bitcoin core, right?

Yes.

As long as you created your address on BitAddress, and then memorized the address in your head, on a paper or in cold storage, you now have both types of BitCoin, right? 

Yes.

Is there some other scenario in which you now only have one BitCoin, except for those who had their BitCoin on an exchange during the split fork?

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.

If you have two BitCoins, how do you go about selling your BitCoins now?

Bitcoins?  The same way as before.

And how do you know if you are selling Bitcoin Core or Bitcoin Cash? 

You choose which one you want to transfer.

This is confusing to me. So If you send your BitCoin, from your old private adress, from bitadress, to an exchange that supports both types of BitCoin, will you then have two bitcoins showing up on that exchange?

Assuming that this exchange supports both bitcoin and bitcoin cash I mean.

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.

If you had one Bitcoin before the split, will you then have one Bitcoin on that exchange and one token called Bitcoin Cash? So they will show up as two coins there?

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

Or what do you mean that you did not double your amount of bitcoins? I understand that you have the same amount of Bitcoins as before. But you also have as many tokens of Bitcoin cash as you have Bitcoins, after the split. So in effect you doubled your bitcoin even though it is not the same kind of Bitcoin, or is this wrong? Smiley

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.

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

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

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

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

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).
newbie
Activity: 60
Merit: 0
August 24, 2017, 03:36:33 PM
#11
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

hero member
Activity: 966
Merit: 535
August 20, 2017, 01:47:54 PM
#10
you have only ONE bitcoin and will always have ONE bitcoin no matter what is going on in the world of cryptocurrencies.

what you additionally have is an airdrop. there are actually a lot of them. at least 8 of them are currently running and you can claim them as long as you (1) hold your private keys (2) had any balance in those addresses prior to certain block heights.

the active airdrops that i can remember are as follows:
BitCore
Byteball
Bitcoin Cash
Stellar

What is an airdrop? Smiley I am a tech-moron so I don't know what that is in practice.

So you can claim all these other coins/tokens as well?

Does that mean that your total value, assuming that you have one Bitcoin, are as follows: 1 bitcoin + 1 bitcore + 1 bitcoin cash + stellar + Byteball= around 5100 dollars?

Interesting that Byteball is worth around 300 dollars or something. Almost as Bitcoin Cash. What is Byteball and when did that airdrop happen?
 

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.
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