Will you sell your BitcoinCash on August 1st if there is a HF? - page 3.

gentlemand

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Quote from: GreenBits on July 18, 2017, 01:45:01 PM

i am dropping all bitcoin assets like a hot potato, if for some reason I am actually holding any crypto at that point except USDT. The reason? Along with myself, others will attempt to capture as much guaranteed value from the forks, knowing that the market will dip as a majority takes profit. it will most likely come back up, some of the forks at least, but this will be the trading opportunity of a lifetime. its gonna be like Superbowl and Christmas rolled into the 4th of freakin July.

also assuming other markets will dip as they usually do, if btc retreats.

There won't be any chain split on August 1st. Segwit should be a done deal before that and BIP 148 will be an irrelevance. As will this most likely.

I for one wouldn't be out of Bitcoin on that day and if you are you won't have any Bitcoin Cash to play with either unless you, like, buy it.

lite

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Quote from: jorenpo on July 18, 2017, 12:41:50 PM

why would I sell it. I hold my BTC until after aug 1 when the split (if ever happen) is done. surely the price will go pump up.

Read the post above yours.

I think i'll dump 50% of bitcoin fork coin/bitcoincash. what would be the price of one bitcoincash? any guesses? $50?

GreenBits

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Quote from: gentlemand on July 18, 2017, 12:13:39 PM

Quote from: Ayers on July 18, 2017, 11:12:34 AM

Quote from: RodeoX on July 18, 2017, 09:10:05 AM

Why would I do that?

same thought as i, only a moron would sell because he fear the crash, but if he mean selling to buy back that is a good move in this market now, i find that this hard fork can contribute to the bitcoin price instead of destroying the value, i'm waiting for the next pump again

This thread refers to Bitcoin Cash, not Bitcoin. You're getting it whether you like it or not on August 1st. What will you do with it?

you slay me with your turn of phrase Cheesy

i am dropping all bitcoin assets like a hot potato, if for some reason I am actually holding any crypto at that point except USDT. The reason? Along with myself, others will attempt to capture as much guaranteed value from the forks, knowing that the market will dip as a majority takes profit. it will most likely come back up, some of the forks at least, but this will be the trading opportunity of a lifetime. its gonna be like Superbowl and Christmas rolled into the 4th of freakin July.

also assuming other markets will dip as they usually do, if btc retreats.

ss890

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I'm not that panicking guy and I will just hold the coins, and I will go for both of them. I wanna try out myself with BU and btc cash too. The later one is of course the best one but looking at your data it seems unpromising. Anyway let's just wait and watch for the fork to happen, something will sort out for sure. :-)

lazerchase

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I think both coins can be successful even besides each other.

Bitcoin as a store of value and Bitcoin Cash as daily transaction.

Good future for both, so HOLD strong

hatshepsut93

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I'm going to dump 50-70% of any Bitcoin's fork I'll own, then put the rest in sell orders with a higher price in case it will get pumped, if the price won't increase in a month, I'll sell the rest at current price. Forks get their attention shortly after their launch, but they drop and die pretty quickly when people realize that "revolution" isn't happening and the fork was basically useless. Generally, people who buy forks gonna lose some money most of the time.

jorenpo

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why would I sell it. I hold my BTC until after aug 1 when the split (if ever happen) is done. surely the price will go pump up.

gentlemand

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Quote from: Ayers on July 18, 2017, 11:12:34 AM

Quote from: RodeoX on July 18, 2017, 09:10:05 AM

Why would I do that?

same thought as i, only a moron would sell because he fear the crash, but if he mean selling to buy back that is a good move in this market now, i find that this hard fork can contribute to the bitcoin price instead of destroying the value, i'm waiting for the next pump again

This thread refers to Bitcoin Cash, not Bitcoin. You're getting it whether you like it or not on August 1st. What will you do with it?

Ayers

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Quote from: RodeoX on July 18, 2017, 09:10:05 AM

Why would I do that?

same thought as i, only a moron would sell because he fear the crash, but if he mean selling to buy back that is a good move in this market now, i find that this hard fork can contribute to the bitcoin price instead of destroying the value, i'm waiting for the next pump again

jtipt

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Quote from: xskl0 on July 18, 2017, 09:29:32 AM

If this happen I will just hold both coins

Yeah I'll probably do the same, I am in the BTC game for HODLing so well I don't mind if a suffer a loss I would prefer wait and see what happens.

LFC_Bitcoin

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There won't be a hardfork Aug 1st so this whole topic is irrelevent. But I wouldn't sell if there was any way, I'd buy more if anything.

bamboylee

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Nope. I will just hold on my coins. I did not sell when it is going down, definitely will not sell when it will go up after the hard fork.

Wendigo

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I have already sold my stash for other coins. I will buy back later at a decreased price so I am good. I do not want to hold the BTC bag around August 1.

Iranus

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>Bitcoin XT
>Bitcoin Classic
>Bitcoin Unlimited
>Bitcoin ABC
>Bitcoin Cash

Pick one. It's getting really boring at this point.

Anyway, I'll just hold because I can't be bothered splitting the coins.

If there's any more forks I might start my own fork, with blackjack and hookers. Actually, forget the ~~theme park~~fork.

gentlemand

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Quote from: Kprawn on July 18, 2017, 09:58:12 AM

The way I see it, you will have coins on several chains, but when you spend it on one chain, then you do not have it available on the other chains.

Surely that isn't the case. Once the new chain exists then they're now both completely separate entities albeit accessible with the same private key assuming you held before the fork.

You get a new wallet for the new chain and they never interact again.

Kprawn

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Quote from: xskl0 on July 18, 2017, 09:29:32 AM

If this happen I will just hold both coins

The way I see it, you will have coins on several chains, but when you spend it on one chain, then you do not have it available on the other chains.

You will have to decide on what chain you want to spend it and then it is gone. The JihanCoin/Bitcoincash will in my opinion, not take off, because

there are a lot of people who hates his guts. I hope his chain is not the longest, because I do not want to pull it. Shocked

gentlemand

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Quote from: xskl0 on July 18, 2017, 09:45:12 AM

Bitcoin as a store of value is important but I will want to use it to buy things when it will have a less volatile price.

Store of value has to come first before any talk of it being a proper currency. Of course no national currency is a decent store of value, but they serve their purpose for a short while at least. You can be sure your dollar's worth is still a dollar's worth a few weeks down the line. Bitcoin needs to be an awful lot bigger and more widespread before it can do that.

xskl0

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Bitcoin SV is Bitcoin

Quote from: gentlemand on July 18, 2017, 09:40:13 AM

Quote from: NUFCrichard on July 18, 2017, 09:34:13 AM

With ETH/ETC, as soon as ETC started trading it got dumped down to a very low level.
Then is quickly rebounded and went very high, I think up to 30% of the price of ETH, which was obviously assumed to be the strong side of the fork.

I wouldn't feel to confident selling straight away, you might also have to watch out for replay attacks, so be careful moving your Bitcoin/Bitcoincash around straight after a fork.

The ETC one is a forever unique case. To anyone from the outside looking in ETC was the far less offensive option. ETH had the personnel but basically shat all over itself though no one now seems to care.

Either eventual Bitcoin doesn't have that problem. I suppose it's entirely down to perception and where the economic majority will head. I don't think anyone other than the creators of Bitcoin Cash have any incentive to support it. It's dead intriguing all the same.

At this stage in the game the cash aspect is still the least important. People are looking for price appreciation, not spending money.

Bitcoin as a store of value is important but I will want to use it to buy things when it will have a less volatile price.

ChironRegera

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Quote from: gentlemand on July 18, 2017, 09:40:13 AM

Quote from: NUFCrichard on July 18, 2017, 09:34:13 AM

With ETH/ETC, as soon as ETC started trading it got dumped down to a very low level.
Then is quickly rebounded and went very high, I think up to 30% of the price of ETH, which was obviously assumed to be the strong side of the fork.

I wouldn't feel to confident selling straight away, you might also have to watch out for replay attacks, so be careful moving your Bitcoin/Bitcoincash around straight after a fork.

The ETC one is a forever unique case. To anyone from the outside looking in ETC was the far less offensive option. ETH had the personnel but basically shat all over itself though no one now seems to care.

Either eventual Bitcoin doesn't have that problem. I suppose it's entirely down to perception and where the economic majority will head. I don't think anyone other than the creators of Bitcoin Cash have any incentive to support it. It's dead intriguing all the same.

At this stage in the game the cash aspect is still the least important. People are looking for price appreciation, not spending money.

I have to agree. 99% of the general population still has no clue what a bitcoin is let alone spending one ....

gentlemand

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Quote from: NUFCrichard on July 18, 2017, 09:34:13 AM

With ETH/ETC, as soon as ETC started trading it got dumped down to a very low level.
Then is quickly rebounded and went very high, I think up to 30% of the price of ETH, which was obviously assumed to be the strong side of the fork.

I wouldn't feel to confident selling straight away, you might also have to watch out for replay attacks, so be careful moving your Bitcoin/Bitcoincash around straight after a fork.

The ETC one is a forever unique case. To anyone from the outside looking in ETC was the far less offensive option. ETH had the personnel but basically shat all over itself though no one now seems to care.

Either eventual Bitcoin doesn't have that problem. I suppose it's entirely down to perception and where the economic majority will head. I don't think anyone other than the creators of Bitcoin Cash have any incentive to support it. It's dead intriguing all the same.

At this stage in the game the cash aspect is still the least important. People are looking for price appreciation, not spending money.

Topic: Will you sell your BitcoinCash on August 1st if there is a HF? - page 3. (Read 2644 times)