Bitcoin Forum

Hardfork now have the support of Bitcoin Unlimited: https://twitter.com/BitcoinUnlimit/status/887120218304249856

https://www.bitcoincash.org/

I know a lot of people are going to sell their coins soon so just wait and see.

The question is not IF there is a fork but WHEN.  There's a new Electrum wallet in the works already for the upcoming fork.

Why would I do that?

Remember that before a hard fork can practially happen there is a soft fork that moves all miners on to new software, and this new software is what is coded to trigger the hard fork. It is necessary to move the miners away from the old chain first so that people are unable to continue to use the old chain after a hard fork. SegWit2x is the best candidate for giving us a hard fork right now. Around half of miners are flagging SegWit2x support, and after July 21st it will trigger a soft fork at 80% or possibly sooner if there is another trigger in the software. I'm having a hard time finding out what the SegWit2x soft fork triggers are,

You may want to have your coins in your own wallet if there is a HF so that you get your coins on both sets of a split. An eWallet will likely give you one set of coins and sell the other set of coins if they're worth anything.

We've seen it time and time again.  

If this happen I will just hold both coins

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.

I'm not sure at this point in time, the fork would change my opinion of bitcoin and the value having bitcoin in general, if something that can impact the price so much can happen if the developer team is just trying to push their opinion, I do agree to increasing block size, but this is almost like blackmailing.

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 ....

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.

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.  :o :o :o

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.

>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 parkfork.

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.

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.

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.

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.

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?

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.

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.

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

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. :-)

you slay me with your turn of phrase :D

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.

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?

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.

What should be our expectations from you, if we don't sell or maybe use it to buy altcoins.

I don't know why people will sell their Bitcoins unless they think there is a price drop. The issue that I've heard is that we shouldn't keep Bitcoins on an exchange if we don't have the private keys for the wallet. As long as the bitcoins are secure, you wouldn't need to sell them. I assume that after a fork, everyone that has Bitcoins will then have both coins that result from the fork so whichever one is the successful fork you would still have all your coins there. I'm just moving all Bitcoins to an offline wallet except for the ones I can't get to (loaned out).

but i am skepical of holding btc at this moment, brosephalus, and i will be candid. i will have to store on a private wallet; when the dust settles, all of the speculators will rush to deposit, sloging everything down like an eth ico. i seriously want to capture peak value; even if im not holding btc, i understand this is a highly profitable scenario if i trade with discipline. im figuring holding tether is smart because im at least pegged to USD; when the shit goes live and the whistle blows, i want to be able to buy immediately if it trends up, or cackle and set a shit bid for when it bottoms. i rely on my intuition by absorbing the market sentiment on this forum, reddit, and my convos with fellow traders. i even lurk trollboxes for scoops. i cant read this man, and it makes me nervous.

and i like free money, dammit. torn about this, man.

If this would really happen and we can't stop it I think I would just hold it,
And I would just wait for it's price to rise up and meet my price range before I sell it.

I think I will hold both of the coin if hard fork is happening, I see the coins as the long term investment and the price will not really good when hard fork just happened, so I will hold it and wait for the right time to sell it, I wish hard fork could be avoided but I must prepare for the worst case

I will hold but I think many are going to sell under those circumstances since many fear the worst in the case a hard fork happens, and to be honest I cannot blame them but if ETH and ETC are examples to follow then bitcoin will be fine after the hard fork.

Never !! I don't even think there is going to be a fork. It's doexukation and FUD. Nothing more. Pole who sell will regret it just like they did selling a few days ago. Many people don't learn the first time around so will sell again. Then be all angry when the lose their money and blame Bitcoin.

Bitcoin is hard itself and no hard or sift fork can shake the base of bitcoin. The price for bitcoin cash is going to be the same as it is today and will grow tomorrow as it has done again and again. The fork is just change that should not be taken as bad thing, but it is some corrections are thought by smart brains in the field. Hope to see both grow big and we get the opportunity to invest and earn back from them .

Yes definitely i will sell all bitcoincash and turn them into bitcoin and besides it's a free money and also will do the same at jihan's hard fork bitcoin ABC  if that's going to happen.


wtf? there is going a fork research it first before posting. and it's all about bitcoincash and not the bitcoin itself you moron. bitcoincash is a user activated hard fork of VIABTC that will activate at the same time with UASF (BIP 148).

If there will be a hardfork and there will be a bitcoin split I will not sell my coins. The reason is that before August 1 I will convert all my bitcoins into dollars and wait until everything is okay. I want to play safe so that before anything bad will happen my investment is safe. I am also planning to migrate into litecoins before August 1 and I will use half of my bitcoins to do that. I want to play safe and at the same time I want to earn. If in the end hardfork will rule the bitcoin market then I will buy hardfork bitcoins.

Whether there will be a drastic reduction in bitcoin values? im scared  :-[

It seems that 50% of all the people replying here have no idea what we are actually talking about.

Indeed. It's fucking pitiful. There should be a multiple choice questionnaire followed by a large checkbox with 'DO YOU UNDERSTAND' before anyone's allowed to answer.

https://themerkle.com/what-is-the-bitcoin-cash-token/

I will most definitely not sell by bitcoin, no matter what happens on August 1 and however the segwit goes. If it happens or not, bitcoin still be a valuable, usable and a future dominating currency. So I'll be holding on quite tightly to my coins.

I sold at the price of $2411 and bought at the price of $1950, I kept BTC in Ledger wallet to ensure and monitor developments on the date August 1st
Maybe I will invest long term with BTC rather eagerly sold out right now, hasty decisions at this time will likely cause regret in future

There is really no big reason for me to sell, because I look at things on a long term basis. The hard fork is going to happen and it is going to have an effect (or not) on the price, but it is eventually going to normalize when the dust has settled, with the weak hands with little or nothing to show for it.

There will be a reduction in the price of Bitcoin after the segwit, but after it,  there will be increase in the price of Bitcoin again.

I know this coming august 1 their are lot of people thinking to sell all their bitcoins and wait for the another price or the price to be decrease they don't want to lose profit maybe after the segwit they will buy another tons of bitcoins will be the permanent chance of the price of this coin and hopefully not.

I won't pick Bitcoin Unlimited but I had to agree with you. Why there's a need to split and there's no point of spending your bitcoin on other chains because you can't use others on the other chain. I will also just going to hold it and just watch on how the market will be showing it's effect before I'll decide on what I'm going to support.

A Bitcoin (Cash) that can be used as a medium of exchange as well as a store of value makes redundant a Bitcoin (legacy) capable of only a store of value. Thereby eroding the cripplecoin's value. Eventually to near-zero.

---

Well, _there's_ a logical basis for making an economic decision. /s

---

BitcoinABC is one client that works on the Bitcoin Cash blockchain.                           you moron

yes it is also true that some people are not really aware of the result or the newbie’s are not having any knowledge about bitcoin they need to know that at august first people will let know about the new price of the bitcoin and I think a lot of problem that bitcoin has will be solved after august first so I think keeping your bitcoin save till that day will be a good decision.

I will hold my BCC and my BTC. I think this is really a great idea from a community based project.

Yeah, I wanna sell my Bitcoin before 1st August. Because one of my Guru (Manik) told me that before 1st August Bitcoin transaction will disappear. That's why I want to sell some Bitcoin and I also want to invest it on another project.

Again, with the private keys you can have both coins, too early to tell if I will hold for long or not, but I like the bitcoin cash idea very much!

Depend on the price,if it shit in the release,i will just hold it and wait for opportunity to arise
If it's spectacular price,why would i hold,i will sell them right off the bat

After you posted this message, the Bitcoin exchange rates went up by some 30%. So all the best with buying back your coins at a "reduced" rate. My advice would be to purchase them immediately, without wasting any more time.

Now coming back to the OP, I am planning to sell 75% of my Bitcoin Cash coins on August 2. I will keep the rest with me, and may later take a decision to sell them as well.

Maybe there's a non-native-english problem here. But if I interpret your words correctly, your 'guru' is full of shit.

No, I plan on holding until the death of cryptos. Which is not in my lifetime.
Regardless of a fork or no fork, BTC's price will go up long term. If you're looking to swing trade, then I highly suggest you watch the prices and sell at a 30% high, wait for a drop to buy back in, rinse and repeat.

I intend to carefully split some coins and trade them as appropriate.  I'm happy to sell bitcoincash if I think it's overvalued but I'm also keen to buy bitcoincash if I think they're trading too cheaply.

I intend to maintain an active position on both sides.

I'll be glad to see a version of Bitcoin Unlimited with BitcoinCash support.  There's still a lot to check and I certainly wouldn't expose large amounts of bitcoin to this implementation until many incident-free months have passed, but I'd be far more nervous with BitcoinABC.

Long live Bitcoin in both its forms!

While I keep the bulk of my funds in Armory, my Armory is in turn dependent upon Bitcoin Unlimited. Last version I installed was before the DoS attacks / bug reveals. Back in December. It's been working just fine. I've not lost a single satoshi.

hahahah  ;D

That's good to hear.  Thank you jbreher.

Do you have an independent strategy for SegWit or will you adopt Bitcoin Unlimited's strategy by default?

I'm worried if I start moving around ANY fork of BTC right after, I'll mess up somehow and lose the bitcoin chain I want to keep.

I'll sit on what I have at least a few weeks, and let bolder people pursue that.

I mostly support you because there is no point of panic selling because what every the people hear Bitcoin will stay here for long. Bitcoin has the stability to dominate all other currency and the price of Bitcoin will increase after August.

Strategy development is ongoing - there are changes in the space daily.

My default approach is just to hodl. This would be with the overwhelming majority of my BTC. After the fork, I'll have both BTC and an equivalent amount of BCC in my possession.

I currently have a small percentage of my BTC on an exchange that does not as of yet recognize BCC, and have made a 'no plans to do so' announcement. Still trying to figure out what to do about that. I'm looking for a US-Friendly, reliable exchange that will honor BCC. If I can find one, I'll move all my trading BTC to that exchange before Aug 1. Otherwise, I may pull them on the 31st, or I might just trade through the period of mayhem. With my trading strategy, volatility is my friend. And I expect lots of volatility between now and mid-Aug.

Lastly, I am looking for US-accessible BCC futures. If Americans were allowed on ViaBTC, I'd be buying some. If not, there will be plenty of opportunity to trade after the split. I'm still working things out, but I am likely to trade a significant fraction of my BTC for BCC. I expect a favorable price ratio right off the bat. And approximate-price-parity -- perhaps even a flippening -- before a year goes by.

No, I will not sell my bitcoins in this date, even if the price drop down for some time, because i believe the price will increase again highly in the future, so i prefer holding the coins for long period.

Hard fork inevitable, soft fork impossible.
Why? That's why: https://bitcointalk.org/index.php?topic=2007635.0

Thank you for the details.

If you do decide to move coins on the 31st I hope you don't get caught up in a rush pressuring the hot wallets of exchanges or blocked by temporary deposit/withdrawal freezes.

Good luck!

I have sold most of my bitcoin for the possibility of facing the worst situation with assumption that I keep monitoring and see the latest possibility after August 1st, I will continue to look for gap and momentum to buy because bitcoin will surely skyrocket, panic or not panic is relative due to growth bitcoin trend is currently degenerating.

i have seen lots of article videos about harbdfor segwit 2.0 implementation some bitcoin i already converted to alt coins like ether , Waves  planning buy some more after once things settle down i will decide to come back .