what is bitcoins split? | Bitcointalksearch.org

trecore4

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Quote from: ttt111 on August 17, 2017, 12:53:01 AM

Quote from: bitcoinmaniac52 on August 17, 2017, 12:39:25 AM

Quote from: ttt111 on August 17, 2017, 12:32:31 AM

i have read up about the bitcoins split... how many splits has it gone up to...?

I think you are a bit (pun unintended) confused. Yes, there was a minor chain split or fork at the beginning of August which created a separate chain called "Bitcoin Cash" which lots of miners switched over to from Bitcoin.

As of today, the price of Bitcoin Cash is quite stable, but no one knows where it will be even next month. It is currently about 7.5% the price of 1 Bitcoin.

yup... very confusing so many coins in the market... also dont know which is the suitable coins to invest in... Huh

As responded by the bitcoinmaniac52, the split was regarding blockchain which created two different chain and there was a new coin called as BCH. It generated as new altcoin and stays on the blockchain and followed by some of the miners in the world.

Speaking about your second confusion that is which coins to invest in is very general question and you can find many interesting ways of doing this in service discussion section where people are asking about this lot of time.

In general you will have to study if altcoins and ICO from which they are generate. Different project has different agenda and that can be used to know which coin would be profitable to invest. There are lot of things you need to consider so go ahead and keep reading about it.

seattletu

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Bitcoin Cash, or BCC, was conceived when the bitcoin blockchain split in two. Bitcoin Core, as the first coin is presently called, and Bitcoin Cash have indistinguishable records until Aug. 1. Presently both coins keeps up a different ledger, and since cryptographic forms of money are handled by their blockchains, that implies bitcoin has adequately split in half, giving every client a ledger loaded with the two coins.

spain cool

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The split of bitcoin into two is between BTC and BCC huh? And what the real purpose is for them to do all this.

Angroys

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in simple terms , when people divide based on their ideologies , they divide the hashrate and community, creating a whole new coin

TheGreatPython

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That’s the splitting of the coin which is Bitcoin and Bitcoin Cash which is BTC and BCC, I don’t have details of why the split occurred but that’s all I know about the stuff right now. There are now two sort of like factions of the crypto

Xenrise

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This topic was answered a long time ago lol. During July this topic was raised. The split of bitcoin is just like a literally split. Imagine one item became 2. Just like that. And for the bitcoins to split, one bitcoin that you hold you will get 1 Bitcoin Cash. The bitcoin cash is the splitted version of bitcoin.

DannyHamilton

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Quote from: ttt111 on August 17, 2017, 01:03:52 AM

bitcoins value is high any alt coins worth the invest?

I would suggest the alt coin called microbitcoin.

They are VERY cheap, but they have been around for almost 9 years and they have increased in value more than 5X in just the past year! Also, they are accepted at MANY well known merchants (such as overstock.com).

Right now, I think you can buy about 220 of them for $1. If you have $100, you could get 22,000 microbitcoin! Just think, if the value goes up to $1 per microbitcoin in the next few years, you could spend $100 today and have $2.2 MILLION worth in a few years!

michkima

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Quote from: YuginKadoya on August 17, 2017, 07:59:53 AM

The Split have actually came to past and we are seeing two chains right now, and the question here would be is it good for the economy of bitcoin or not, well this is the first time came to this point of a hard fork and so far so good and we could really see a great price right now that the split have occur and we came to a really great value that is $4000

Some say the BCH is not a split and some argue it is. I am not sure what it is now. All I know is that it is based off bitcoin and its blockchain. Then they forked it and made their own kind of bitcoins. Though I don't think it will overturn bitcoins anytime soon.

YuginKadoya

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The Split have actually came to past and we are seeing two chains right now, and the question here would be is it good for the economy of bitcoin or not, well this is the first time came to this point of a hard fork and so far so good and we could really see a great price right now that the split have occur and we came to a really great value that is $4000

stevemic

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have a look at this

https://www.theinquirer.net/inquirer/news/3014598/bitcoin-will-likely-split-into-two-after-1-august

DoublerHunter

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Bitcoin split or what we call hard fork is when a sing coin splits into a new two chain so they have a separated independent blockchain and they do this because they want to have an independent new and almost the same coin from the original and also to get some free coins so they can earn free money just what like happen in ethereum and recently is the bitcoin cash coin which is the clone of the real and original bitcoin.

ttt111

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Quote from: Herbert2020 on August 17, 2017, 01:06:29 AM

Quote from: ttt111 on August 17, 2017, 12:32:31 AM

i have read up about the bitcoins split... how many splits has it gone up to...?

bitcoin didn't split, bitcoin is still bitcoin as before with the majority support from everyone.
what happened was that a small group of people forked off from bitcoin. and that can happen anytime, in fact a lot of altcoins have forked off of bitcoin in the past. there is currently at least one other called bitcore or something like that (BTX) which is a snapshot of bitcoin blockchain and is worth about 50K satoshi.

Quote from: ttt111 on August 17, 2017, 12:53:01 AM

yup... very confusing so many coins in the market... also dont know which is the suitable coins to invest in... Huh

currently it is may seem hard to choose an altcoin to invest in but if you look for altcoins that have not been pumped your search is automatically narrowed down to a handful of coins and you can make a good profit from them.

any alt way to narrow down the coins... any promising coins?

sotoshihero

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Bitcoin split or forked happened when some miner do not support the current system or upgrade. They continue confirming different transaction and continue thus a split is made or happens like the BCC or BCH. Its same they are like altcoins IMHO.

Herbert2020

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Quote from: ttt111 on August 17, 2017, 12:32:31 AM

i have read up about the bitcoins split... how many splits has it gone up to...?

bitcoin didn't split, bitcoin is still bitcoin as before with the majority support from everyone.
what happened was that a small group of people forked off from bitcoin. and that can happen anytime, in fact a lot of altcoins have forked off of bitcoin in the past. there is currently at least one other called bitcore or something like that (BTX) which is a snapshot of bitcoin blockchain and is worth about 50K satoshi.

Quote from: ttt111 on August 17, 2017, 12:53:01 AM

yup... very confusing so many coins in the market... also dont know which is the suitable coins to invest in... Huh

currently it is may seem hard to choose an altcoin to invest in but if you look for altcoins that have not been pumped your search is automatically narrowed down to a handful of coins and you can make a good profit from them.

ttt111

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Activity: 43

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Quote from: panju1 on August 17, 2017, 12:56:21 AM

Quote from: ttt111 on August 17, 2017, 12:53:01 AM

Quote from: bitcoinmaniac52 on August 17, 2017, 12:39:25 AM

Quote from: ttt111 on August 17, 2017, 12:32:31 AM

i have read up about the bitcoins split... how many splits has it gone up to...?

I think you are a bit (pun unintended) confused. Yes, there was a minor chain split or fork at the beginning of August which created a separate chain called "Bitcoin Cash" which lots of miners switched over to from Bitcoin.

As of today, the price of Bitcoin Cash is quite stable, but no one knows where it will be even next month. It is currently about 7.5% the price of 1 Bitcoin.

yup... very confusing so many coins in the market... also dont know which is the suitable coins to invest in... Huh

Well, this actually depends on your risk appetite. Bitcoins are a risky investment; altcoins are riskier. If you do not want to take too much risk, just buy bitcoins and hold them for the long term.

bitcoins value is high any alt coins worth the invest?

panju1

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Quote from: ttt111 on August 17, 2017, 12:53:01 AM

Quote from: bitcoinmaniac52 on August 17, 2017, 12:39:25 AM

Quote from: ttt111 on August 17, 2017, 12:32:31 AM

i have read up about the bitcoins split... how many splits has it gone up to...?

I think you are a bit (pun unintended) confused. Yes, there was a minor chain split or fork at the beginning of August which created a separate chain called "Bitcoin Cash" which lots of miners switched over to from Bitcoin.

As of today, the price of Bitcoin Cash is quite stable, but no one knows where it will be even next month. It is currently about 7.5% the price of 1 Bitcoin.

yup... very confusing so many coins in the market... also dont know which is the suitable coins to invest in... Huh

Well, this actually depends on your risk appetite. Bitcoins are a risky investment; altcoins are riskier. If you do not want to take too much risk, just buy bitcoins and hold them for the long term.

ttt111

newbie

Activity: 43

Merit: 0

Quote from: bitcoinmaniac52 on August 17, 2017, 12:39:25 AM

Quote from: ttt111 on August 17, 2017, 12:32:31 AM

i have read up about the bitcoins split... how many splits has it gone up to...?

I think you are a bit (pun unintended) confused. Yes, there was a minor chain split or fork at the beginning of August which created a separate chain called "Bitcoin Cash" which lots of miners switched over to from Bitcoin.

As of today, the price of Bitcoin Cash is quite stable, but no one knows where it will be even next month. It is currently about 7.5% the price of 1 Bitcoin.

yup... very confusing so many coins in the market... also dont know which is the suitable coins to invest in... Huh

bitcoinmaniac52

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Activity: 532

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Quote from: ttt111 on August 17, 2017, 12:32:31 AM

i have read up about the bitcoins split... how many splits has it gone up to...?

I think you are a bit (pun unintended) confused. Yes, there was a minor chain split or fork at the beginning of August which created a separate chain called "Bitcoin Cash" which lots of miners switched over to from Bitcoin.

As of today, the price of Bitcoin Cash is quite stable, but no one knows where it will be even next month. It is currently about 7.5% the price of 1 Bitcoin.

ttt111

newbie

Activity: 43

Merit: 0

i have read up about the bitcoins split... how many splits has it gone up to...?

Topic: what is bitcoins split? (Read 551 times)