Will you sell your BitcoinABC or hold on to it? - page 3.

25hashcoin

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Quote from: coolcoinz on July 22, 2017, 02:31:46 PM

Quote from: plims on July 22, 2017, 02:11:14 PM

Doesn't matter what will happen on 1st August - I will never sell my Bitcoins. The price will be grow for sure in the future!

Are you talking about never selling your BTC on both chains? If there really is a split one of the chains might die out and stay at purely speculative level, while the other one keeps growing. In such case it might be a good idea to sell.

https://www.viabtc.com/convert/bcc
I don't like this idea and I don't recommend selling your coins there. Who knows what will happen to those frozen coins, maybe they'll disappear forever Cheesy

Terrible advice. This is how you lose your bitcoins. Going to be a lot of sad people on this forum one day in the near future thanks to all the disinformation and bad advice.

coolcoinz

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Quote from: plims on July 22, 2017, 02:11:14 PM

Doesn't matter what will happen on 1st August - I will never sell my Bitcoins. The price will be grow for sure in the future!

Are you talking about never selling your BTC on both chains? If there really is a split one of the chains might die out and stay at purely speculative level, while the other one keeps growing. In such case it might be a good idea to sell.

https://www.viabtc.com/convert/bcc
I don't like this idea and I don't recommend selling your coins there. Who knows what will happen to those frozen coins, maybe they'll disappear forever Cheesy

plims

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Doesn't matter what will happen on 1st August - I will never sell my Bitcoins. The price will be grow for sure in the future!

bryant.coleman

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I don't know what is going to happen in August. For sure the BCC has some powerful backers. There is going to be a huge dump in the first week of August, but what happens after that is going to be important. There is a chance that the exchange rates can recover. But right now, I don't think that BCC is going to overtake BTC at any point of time in the near future.

European Central Bank

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Quote from: pdpanzer on July 22, 2017, 01:58:17 PM

The Core developers should be fired immediately.

you'll find out soon enough with this chain anyway. i pay all the time with bitcoin. i pay with it because it's accepted because it's coded by competent people. that's why it has the price it has.

xbiv2

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Quote from: adaseb on July 17, 2017, 04:47:45 PM

If BitcoinABC gains some very small traction lets say it hits an exchange at $100 BCC/USD, would you sell your BCC or hold on to it for the future incase it overtakes the Bitcoin Core ?

I think we all sold our ETC when it magically appeared on Poloniex and we basically considered it as winning the lottery since we still got to keep our ETH and the ETC was a free bonus. However we all sold it very cheap and if we were patient then we would of gotten almost the same value as ETH during the split ($15 ETH/USD).

So lets say we sell our BCC very cheap. And then in 2-3 years, after all the bugs get sorted it it eventually overtakes BTC. And when it overtakes BTC might become lower than BCC.

Another issue with this is the BTC payments we receive AFTER the fork. Lets say we decide to hold BCC. But any payment we get after the fork, we will only get it on the main Bitcoin Core chain.

Then in 2-3 years, when BCC over takes BTC, we won't have the difference in BCC since it happened after the work.

Where it will be posible to sell?

pdpanzer

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Quote from: European Central Bank on July 20, 2017, 09:49:07 AM

It's pure junk with no support from anyone other than the weirdoes who've been plaguing bitcoin for years.

If it does surpass bitcoin then the whole thing has failed.

That's more to do with the personnel than the bigger blocks.

Why should bitcoin not be used to pay? After all, one of the biggest drives comes from exchanges, which in a sense gave so much value (being the Currency vs the Asset) to bitcoin as default escape and conduit, but when talking about trillions of trade, we get this sh****** coin that takes 30 mins to hours to validate a transaction. Off-chain/side-chains = none of the benefits of the original bitcoin vision and no value whatsoever in a world that will be filled with micro transactions.

The Core developers should be fired immediately.

mindrust

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Quote from: aesma on July 22, 2017, 01:36:57 PM

Quote from: adaseb on July 22, 2017, 04:03:47 AM

Looks like the trading pair is finally live

https://www.viabtc.com/convert/bcc

You can sell your BCC now with your BTC if you think it will be a failure, after the fork get your original BTC back.

You must be crazy to do this. There is no upside.

+1

I personally don't trust viabtc neither. I don't trust any exchage but the exchange which proposes its own alt by splitting bitcoin? Hell no. Can't leave my precious bitcoins hostage there for 9 days... Too risky.

If you are going to dump, wait for more legit exchanges to list bcc, those who don't ask id confirmations.

You may not find these rates after August 1 though. Still worth taking the risk

25hashcoin

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Don't sell BCC. You may be selling all of your bitcoin and be left with worthless DCG segwit tokens.

European Central Bank

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Quote from: kwood on July 22, 2017, 01:18:10 PM

Has Poloniex said anything about listing/crediting BitcoinCash/BitcoinABC? I know they specifically mentioned Unlimited would be if it met criteria that BitcoinABC does, but I'm still nervous!

i presume the other exchanges are playing wait and see. i dunno if they wanna get involved with futures.

if it survives then you can bet it'll be added everywhere. there's a mountain of money to be made by exchanges.

aesma

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fly or die

Quote from: adaseb on July 22, 2017, 04:03:47 AM

Looks like the trading pair is finally live

https://www.viabtc.com/convert/bcc

You can sell your BCC now with your BTC if you think it will be a failure, after the fork get your original BTC back.

You must be crazy to do this. There is no upside.

kwood

newbie

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Has Poloniex said anything about listing/crediting BitcoinCash/BitcoinABC? I know they specifically mentioned Unlimited would be if it met criteria that BitcoinABC does, but I'm still nervous!

Rinaze

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Theoretically I would hold and you will probably judge the altcoin or rather split coin by their respective developers team and roadmap. If BTU, BTABC, BCC or whatever is not just there to confuse investors or for purely speculating, I probably would have second thought on selling. I think even up till today, it's still hard to actually determine if ETC is actually really an ongoing serious project or just "another" ether coin out there.

GideonGono

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★Bitvest.io★ Play Plinko or Invest!

Quote from: hatshepsut93 on July 17, 2017, 05:07:58 PM

Did Bitcoin Classic and Bitcoin XT surged in price already? Or achieved anything significant? Obviously no, and since ABC, Segwit2X, BU all have weak developers, those forks aren't going to succeed. Your comparison with ETH/ETC is entirely wrong, as the price of ETC increased as a part of altcoin bubble, it has showed 200-300% growth since Auguest, but ETH increased up to 600% in that time, so it's obvious now that it was better to sell ETC and buy ETH. Besides, it's wrong to extrapolate the outcomes of forks on other coins into Bitcoin, every situation is unique and has it's own driving forces.

Also Bitcoin shouldn't be compared to any other alt coins. This actually depends on how people will adapt it and who gains more popularity as time goes by since it hasn't happened yet and we are unsure if it will happen. We can judge it base on how scalable it is and the capabilities that each Bitcoin can present.

adaseb

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Looks like the trading pair is finally live

https://www.viabtc.com/convert/bcc

You can sell your BCC now with your BTC if you think it will be a failure, after the fork get your original BTC back.

Racer8

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To save ABC synch time can I point the ABC wallet at a copy of the core blockchain?

jbreher

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lose: unfind ... loose: untight

Quote from: European Central Bank on July 20, 2017, 09:49:07 AM

If it does surpass bitcoin then the whole thing has failed.

Got any logic that supports that assertion? Or are you just emoting?

Let us posit a hypothetical. Let us assume (just go with me here) that legacy Bitcoin retains its current market cap, and Bitcoin Cash rises to 10x (~420B USD). In such a case, has 'the whole thing failed'?

European Central Bank

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It's pure junk with no support from anyone other than the weirdoes who've been plaguing bitcoin for years.

If it does surpass bitcoin then the whole thing has failed.

That's more to do with the personnel than the bigger blocks.

jbreher

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lose: unfind ... loose: untight

Quote from: aesma on July 20, 2017, 09:32:43 AM

Quote from: jbreher on July 20, 2017, 12:42:03 AM

Quote from: aesma on July 19, 2017, 09:24:53 AM

If you run a node you will now need 4 times more storage space, can you afford it ?

Among all the stupid reasons to be against bigblocks, this has got to be the stupidest.

Then why are so few people running a full node ?

You'd have to ask them. I am unaware of any valid poll ever conducted on the matter.

Though lacking data, I personally am convinced that so few people run a node (I assume you mean a fully-validating, non-mining wallet?) because they have no incentive to do so.

I run a fully-validating, non-mining wallet because I value the ability to transact directly onchain. I guess most Bitcoiners don't give a shit about the ability to do so.

Then again, maybe more people that we have thought realize the falseness of the dogma that such non-mining, fully-validating wallets provide some sort of benefit to the network itself.

jbreher

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lose: unfind ... loose: untight

Quote from: Prodigan786 on July 20, 2017, 04:45:18 AM

My first questionis the name decided after a split it will be named as BitcoinABC (BCC)

No. The most prevalent opinion is that after the split, the bigblock chain will be known as Bitcoin Cash. BitcoinABC is just one of the clients that will operate on this chain. As will Bitcoin Unlimited, and likely Classic, XT, and others.

That is until it becomes majority chain. Which may happen within a half year - due to increased utility over 'that other' chain. At which point, it would be likely that the bigblock chain will become known as simply Bitcoin. And the crippled chain will need to choose a new name for itself.

Of course, this assumes that Bitcoin Cash makes it through its infancy. It will likely start out with minority support. Thereby less incentive to mine. But with (relatively) unlimited transaction capacity, it can accommodate transaction demand that S2 cannot. Thereby making Bitcoin (Cash) once again attractive for all the use cases (e.g., retail purchases) that core drove away. More utility -> more use -> more velocity -> more demand -> rising price -> incentive to mine -> more security -> more utility.

Topic: Will you sell your BitcoinABC or hold on to it? - page 3. (Read 4700 times)