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Topic: If you believe that forking will give you 2 coins worth more than 1 coin (Read 1119 times)

hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
This fork gave me a lot of free coins  Wink

Yes. Actually I was WRONG on this one.

The value of BTC + BCC went higher than $3,000
1 BCH + 1 BTC = 1.14 BTC = $3,200


Impressive resilience from the BTC. Glad I was wrong !
If you dumped your BCH as fast as you could and you got that 1.14 then you are in luck bitcoin alone now has a value over that so if you multiply 1.14x3200 you get 3648 so for those that could dump their coins in an exchange congratulations, you got earnings of 14% on bitcoin and profits of 35% on fiat.
full member
Activity: 336
Merit: 101
This fork gave me a lot of free coins  Wink

Yes. Actually I was WRONG on this one.

The value of BTC + BCC went higher than $3,000
1 BCH + 1 BTC = 1.14 BTC = $3,200


Impressive resilience from the BTC. Glad I was wrong !
AGD
legendary
Activity: 2070
Merit: 1166
Keeper of the Private Key
This fork gave me a lot of free coins  Wink
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Don't worry BTC will be over $3k after the split while BCC might struggle to even remain above $100 within next few weeks of its listing on few altcoin trading platform.

BTC will be major chain while BCC will remain as just another bitcoin clone offering nothing more than large blocks.

It will only be the attention of the beginners, we can calmly face this, because we believe that btc will remain the key to another coin, while bcc will only follow it. And for the moment we will only wait with what happened in early August

That is true, BCC doesn't have any chance at all but still there will be some individuals who hope they will manage to make some money on it. I think that most exchangers will not support it so there will be a struggle for a while. But wha is for sure no one wi make double profit because the value of BCC will be very low.
Speculators will try to make money with anything that crosses their path, in a way they are  like addicted gamblers, an addicted gambler will not only be addicted to traditional games but in fact will try to bet into any activity as long as someone is willing to take a bet against him.
hero member
Activity: 1694
Merit: 541
please keep in mind that

1BTC + 1BCC worth $1,000 is not as smart as 1 BTC worth $3,000...

BCC is a scam, it is almost sort of "pre-mined" by Bitmain (hash power and 1st move advantage), and was only created to enrich Bitmains' greedy board.
Too bad, beacuse the idea of a way bigger block size is great and that is what BTC needs (up to a certain extend, to keep the "decentralized" idea, even if 1% of holders have 69% of BTC...)
I am not sure how you come up with these calculations ,if i get an equal share of the split how can it be $1000 combined,do you think that the price would go down for bitcoin,what are you trying to tell here,BCC has some good backing for now and if they create a better model to compete with bitcoin,so be it,you do not shut down innovation by calling it a scam,let them do what they are trying to do as simple as that and if you are not interested ,just forget about it.
legendary
Activity: 924
Merit: 1000
Don't worry BTC will be over $3k after the split while BCC might struggle to even remain above $100 within next few weeks of its listing on few altcoin trading platform.

BTC will be major chain while BCC will remain as just another bitcoin clone offering nothing more than large blocks.

Rejoice then. $3k + $100 = $3.1k. $400 higher than present. I take it you won't be dumping your BCC. Grin Grin Grin
sr. member
Activity: 364
Merit: 252
Don't worry BTC will be over $3k after the split while BCC might struggle to even remain above $100 within next few weeks of its listing on few altcoin trading platform.

BTC will be major chain while BCC will remain as just another bitcoin clone offering nothing more than large blocks.

It will only be the attention of the beginners, we can calmly face this, because we believe that btc will remain the key to another coin, while bcc will only follow it. And for the moment we will only wait with what happened in early August

That is true, BCC doesn't have any chance at all but still there will be some individuals who hope they will manage to make some money on it. I think that most exchangers will not support it so there will be a struggle for a while. But wha is for sure no one wi make double profit because the value of BCC will be very low.

Depending on which wallet or exchange BTC is currently on, I think we'll probably get access to BCH at different times.  I'd probably expect it to get dumped as well...exchanged for BTC, which may push the BTC price up.
sr. member
Activity: 1890
Merit: 261
Dragonslots | +13k Slots & Casino Games
please keep in mind that

1BTC + 1BCC worth $1,000 is not as smart as 1 BTC worth $3,000...

BCC is a scam, it is almost sort of "pre-mined" by Bitmain (hash power and 1st move advantage), and was only created to enrich Bitmains' greedy board.
Too bad, beacuse the idea of a way bigger block size is great and that is what BTC needs (up to a certain extend, to keep the "decentralized" idea, even if 1% of holders have 69% of BTC...)


Your post is not wrong but the title of the thread is incorrect, the fork is going to give to us 2 coins, there is not question about it, personally I do not think the price of bitcoin is going to crash that bad, BCC is the one that is going to crash rapidly since it will be a race to who can dump it the fastest.
The same thing as what I think the price will not last long where people will throw it away to take advantage quickly and will crash
legendary
Activity: 3542
Merit: 1280
English ⬄ Russian Translation Services
please keep in mind that

1BTC + 1BCC worth $1,000 is not as smart as 1 BTC worth $3,000...

BCC is a scam, it is almost sort of "pre-mined" by Bitmain (hash power and 1st move advantage), and was only created to enrich Bitmains' greedy board.
Too bad, beacuse the idea of a way bigger block size is great and that is what BTC needs (up to a certain extend, to keep the "decentralized" idea, even if 1% of holders have 69% of BTC...)

Bigger blocks are good only for the cartel

And they actually lead to heavier centralization so it is hard to guess what you might mean by "keeping the "decentralized" idea". Bitcoin needs faster and cheaper transactions, and I don't really think that making blocks bigger serves this purpose very well. More centralization means more mining market monopolization, which is synonymous with higher fees and slower transactions. What we need are approaches that essentially take miners out of the equation altogether (as a factor to count in). Conceptually, it is the PoS model of achieving distributed consensus (instead of PoW, as of now). More specifically, it is approaches that make possible close to real-time, off-chain transactions with low or no fees. Sorry, but bigger blocks don't cut it in any of these departments
legendary
Activity: 3052
Merit: 2163
please keep in mind that

1BTC + 1BCC worth $1,000 is not as smart as 1 BTC worth $3,000...




This is just a blind prediction. Most traders agree that Bitcoin's price won't drop on August 1st, because most users don't feel any threat from BCC.



..

BCC is a scam, it is almost sort of "pre-mined" by Bitmain (hash power and 1st move advantage)



BCC forks from BTC blockchain, it's wrong to say it was premined by Bitmain unless you suggest that Bitmain owns significant portion of Bitcoin.


..


Too bad, beacuse the idea of a way bigger block size is great and that is what BTC needs (up to a certain extend, to keep the "decentralized" idea, even if 1% of holders have 69% of BTC...)



In fact it's the opposite - big blocks will quickly cause centralization of nodes, and this is why Core is against it, even though it would boost Bitcoins capacity in short term. Bitcoins distribution between addresses/users is completely irrelevant.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
Don't worry BTC will be over $3k after the split while BCC might struggle to even remain above $100 within next few weeks of its listing on few altcoin trading platform.

BTC will be major chain while BCC will remain as just another bitcoin clone offering nothing more than large blocks.

It will only be the attention of the beginners, we can calmly face this, because we believe that btc will remain the key to another coin, while bcc will only follow it. And for the moment we will only wait with what happened in early August

That is true, BCC doesn't have any chance at all but still there will be some individuals who hope they will manage to make some money on it. I think that most exchangers will not support it so there will be a struggle for a while. But wha is for sure no one wi make double profit because the value of BCC will be very low.
sr. member
Activity: 742
Merit: 253
Don't worry BTC will be over $3k after the split while BCC might struggle to even remain above $100 within next few weeks of its listing on few altcoin trading platform.

BTC will be major chain while BCC will remain as just another bitcoin clone offering nothing more than large blocks.

It will only be the attention of the beginners, we can calmly face this, because we believe that btc will remain the key to another coin, while bcc will only follow it. And for the moment we will only wait with what happened in early August
U2
hero member
Activity: 676
Merit: 503
I used to be indecisive, but now I'm not sure...
Bcc may cost a few dollars at first but I don't see it lasting more than a month. It's fundamentally ok, but offers nothing to help the general public. Like you said too, they have a huge advantage and they're hoping it will end up making them a lot of money. I highly highly doubt it will.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Let them fork all they want. Who cares. It's good that all their hashing power dissapears from the BTC network, making it more attractive for us humans to mine bitcoins again.
I do not think there is going to be a huge difference in terms of the loss of hashing power in the bitcoin network I have seen number between 4 up to 20% of the hashing power will move to bcc and that is not enough, that will not allow the average user to be able to mine bitcoin again.
sr. member
Activity: 616
Merit: 252
Let them fork all they want. Who cares. It's good that all their hashing power dissapears from the BTC network, making it more attractive for us humans to mine bitcoins again.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
please keep in mind that

1BTC + 1BCC worth $1,000 is not as smart as 1 BTC worth $3,000...

BCC is a scam, it is almost sort of "pre-mined" by Bitmain (hash power and 1st move advantage), and was only created to enrich Bitmains' greedy board.
Too bad, beacuse the idea of a way bigger block size is great and that is what BTC needs (up to a certain extend, to keep the "decentralized" idea, even if 1% of holders have 69% of BTC...)


Your post is not wrong but the title of the thread is incorrect, the fork is going to give to us 2 coins, there is not question about it, personally I do not think the price of bitcoin is going to crash that bad, BCC is the one that is going to crash rapidly since it will be a race to who can dump it the fastest.

The problem is that if BCC is not dumped fast enough it has the ability to devalue Bitcoin a lot.

Well, you have a point there, if BCC becomes a valid altcoin, basically it survives for some time then the damage that it can do to bitcoin in the short and midterm will be huge, so at the end it will be a matter of what the people decide to use, if people do not see any merit in BCC then bitcoin is going to be fine, but if the people decide they like BCC then it bitcoin will lose value.
legendary
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
please keep in mind that

1BTC + 1BCC worth $1,000 is not as smart as 1 BTC worth $3,000...

BCC is a scam, it is almost sort of "pre-mined" by Bitmain (hash power and 1st move advantage), and was only created to enrich Bitmains' greedy board.
Too bad, beacuse the idea of a way bigger block size is great and that is what BTC needs (up to a certain extend, to keep the "decentralized" idea, even if 1% of holders have 69% of BTC...)


Your post is not wrong but the title of the thread is incorrect, the fork is going to give to us 2 coins, there is not question about it, personally I do not think the price of bitcoin is going to crash that bad, BCC is the one that is going to crash rapidly since it will be a race to who can dump it the fastest.

I do think that the price of Bitcoin is going to suffer, it may not suffer a lot, but suffer it will. With something of this caliber occurring, with a number of miners support that has behind it is going to be bound to disrupt normal Bitcoin for some time so it's not like we're all going to sit here and say, NO NO NO it can't hurt me.

If you OWN BITCOINS during this, you're going to be in for a ride of the price, no doubt about that at all. If you want to get out, I'd do it before this time, as that's going to be the only thing that's going to save you from the fate of Bitcoin until further notice.

2 coins, though they MAY be worth less than the original one coin you had before this due to TWO coins being present now.
full member
Activity: 155
Merit: 100
I think everyone already know that your bitcoin value won't be doubled because BCC price is already low and many people are ready to dump BCC for quick profit before the price is crashed.
In fact, i think BCC couldn't alive because there's no support like what ETC community did.

I believe the best to do is to sell these BCC coins faster as possible, at least that is what I'm thinking to do... I can be wrong, but seems it will be just like trash AltCoins. If we are able to sell it for $300 at least, it's already a good profit. If we wait too much there is a high risk to take only $50 profit on it.  Cheesy

I would not pay even a 1 sat for this.

I see no merit in BCC, but I am fairly confident that there are enough potential buyers who will take a chance on having an Ethereum Classic level of success.

I'll stick to BTC myself, and sell off my BCC for whatever they are going for.

I agree with you, you would also sell for what you are willing to pay. I would not even pay 1 sat for BCC. If there are people so crazy to buy mine, so be it.
full member
Activity: 322
Merit: 100
Would BCC developers / miners (and from what I understand this stands at 40%+ atm?) / supporters dump all their BTC instead and buy BCC? It's an all out war though if this happens!
hero member
Activity: 1190
Merit: 525
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I think everyone already know that your bitcoin value won't be doubled because BCC price is already low and many people are ready to dump BCC for quick profit before the price is crashed.
In fact, i think BCC couldn't alive because there's no support like what ETC community did.

I believe the best to do is to sell these BCC coins faster as possible, at least that is what I'm thinking to do... I can be wrong, but seems it will be just like trash AltCoins. If we are able to sell it for $300 at least, it's already a good profit. If we wait too much there is a high risk to take only $50 profit on it.  Cheesy

I would not pay even a 1 sat for this.

I see no merit in BCC, but I am fairly confident that there are enough potential buyers who will take a chance on having an Ethereum Classic level of success.

I'll stick to BTC myself, and sell off my BCC for whatever they are going for.

This BCC has no credibility in my opinion, because they are trying to have control over the currency, otherwise they would accept the majority opinion of the community and stay strong with Bitcoin. It doesn't inspire confidence on buyers and investors.

The success of BCC is possible like the success of any other fake bumped AltCoin, after a big pump the dump is even higher. The intention when buying this currency is the opposite of buying Bitcoin, instead of long term profit, short term fast profit.
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