Silly question: are old, legacy, pre-BCH fork Bitcoin worth keeping untouched/unspent for some reason? Are they expected to gain in value as "collector's items" compared to the more recent ones?
Came up in a conversation with a friend who hodls 3 such BTC (from 2016). Bought them for $1500, now worth $300,000.
I gave him my usual "keep them if you can, spend them if you must" reply, but I never thought of old coins gaining in value...
Came up in a conversation with a friend who hodls 3 such BTC (from 2016). Bought them for $1500, now worth $300,000.
I gave him my usual "keep them if you can, spend them if you must" reply, but I never thought of old coins gaining in value...
Nope!.. for one simple reason.. The PRIVATE KEY belonging to the UTXO is no longer PRIVATE.
So for me to take control of those "old, legacy, pre-BCH" Bitcoin UTXO would mean someone else knows the PRIVATE KEY... remember "NYKNYC" also means "OYKTPK" (Only You Know The Private Key)
Yeah lets see 300k vs 1.5k
let it sit for now.
down the road if the prefork grows say 3 mill and 30k
you can move 2.9999 btc out of old fork address. then fix the bch. but at 1.5k it is not worth fucking with the 300k part.
In the wise words of your BFF Trump...... "I really don't know what he(you) said"
I don't think AlcoHoDL post has anything to do with roger's BCH POS coin!
if they are prefork it implies that the BCH is on the BCH chain and that the BCH was not cashed out.
Cashing out the fork coins is delicate as you can fuck up and lose the BTC.
Somewhere on this forum theymos gave details on how to safely remove the BCH with out losing the BTC..
If I held 3 old BTC prefork it means I have 3 BCH
I read the question to ask are these worth more the answer is yes.
3BTC + 3BCH. which today is around 306,000 + 1,800
vs 3 new BTC which are worth 306,000
I simply said I would leave it alone as 1,800 in BCH is not much compared to 306,000 in BTC
and you could fuck up trying to release the BCH.
I guess you read the question differently than me.
Thanks for that reply Phil.
hisslyness is right in that he interpreted my question correctly, but your reply is also relevant.
I don't think it's worth messing things up and risking $300k, just to gain $1800. This guy is a total noob, living on the other side of the planet and I have to guide him over the phone on what to do.
BTW, he is so happy he got those 3 BTC, and I'm really happy too, seeing that my advice was a success for him. If only more people had listened to us... But I guess the citadel has limited space. Only a select few can reside there, and we are all residents. My friend too, as 3 BTC is no small amount, and he'll soon be a dollar millionaire.
Thank you in the name of the community for converting another one and bringing him to the orange light!
