Bitcoin Forum

I'm pretty new to the cryptocurrency world and what I have seen in the past days, everybody is talking about BIP 149, SegWit2x and other terms that I really don't understand. As far I can understand that bitcoin will split into 2 separate currencies: BTC (Legacy old) and BCC (Bitcoin Cash or Bitcoin ABC -it's the same, right?-) after 1 August UTC 12:00 am. People say that I should withdraw all my coins into my Electrum Wallet before 1 Aug. That's what have I done.

After the split, everything will be cloned and people will have both BTC and BCC. If you had 1 BTC, after the split you will have 1 BCC as well. So... what to do after that? Will ever BTC exists? Will people have the possibility to trade with BTC and with BCC as well? If these are 2 different currencies, that means if I make a transaction with BCC (send) then it will be transfered in BTC as well? Will the 2 currencies "synchronize" with each other? (I don't know if you can understand what I'm trying to say).

- Bitcoin price has dropped. Should I invest more FIAT into it before 1 Aug?

Replay attacks will not be possible from the beginning of the fork as I understand. This fork will not be like the messy one that Ethereum did.

On making a decision between BTC and BCC. Whatever you decide to dump is up to you. But you can also hold both if you want.

i don't like the statement of "bitcoin will split" a better explanation would be "someone will create a fork out of bitcoin on that date".
because bitcoin will be bitcoin, and anything that is forked from bitcoin will be an altcoin. an since the majority is with bitcoin and that fork has no support that makes it an altcoin. not a split.

if you want to have these free new tokens they are distributing by the name of BCC (abusing the name of bitcoin) then yes. otherwise you can continue as before and forget about BCC tokens. specially if its price doesn't interest you by that time.

yes after they forked, they will give you equivalent of your BTC in BCC. the difference between this and an altcoin airdrop is that you don't need to sign a message.

yes. why not!

don't expect it on good exchanges like Gdax, they have already said they will never add this.
but small unknown exchanges may add it. like what ViaBTC exchange did already 4 days ago.

this is called replay attack. and as i said if you don't care about BCC tokens specially because of its price by that time then don't bother. just do as you were doing before.
but if not you should take actions to protect against this. if you don't wan to to lose BCC tokens

that is a whole different question.
if you think this is a good time them do it. and if you think it will go down more then wait.
i have bought all the bitcoin i could afford when it dropped down to $1800 and have no more fiat for this month.

I think that statements like "Bitcoin will split" are wrong.Bitcoin doesn`t split,the blockchain splits.
If the split happens,BCC will soon become worthless,due to the lack of supporters.People would want
to sell their BCC as soon as possible and the price will colapse pretty fast.
Everyone is free to HODL their BCC,after the split.Nobody would lose anything,unless all the people panic and make some wrong trading decisions.

how much hash rate BCC will have ?

My suggestion is that you move your coins out of an exchange. Make sure you get a hardware wallet or a desktop wallet like Exodus or a paper wallet. More your coins your coins to those wallets. Do this in the next two days, then sit tight and wait. Do not do any transactions for atleast a week after Aug 1. Personally, I am sitting out for the next 3 weeks if the split happens.

I dont think anyone knows the answer to this as noone knows who is in support of them. Personally, i dont think it will be that much. Even the miners who were initially against Segwit are now supporting Segwit 2x as the viable compromise. I think most miners will more likely honor the New York Agreement. The Chinese honor agreement, I cant say the same about the Core Developers in the West.

BTCfor life! ;D

I am a bit confused the forthcoming blockchain fork.  ???

As far as I understand I would receive automatically the same amount of BCC I have BTC if I held my coins in Ledger Nano (or Electrum?) since their software support that.

However, my question is: if my coins was in BitcoinCore wallet, would I be able to separate my coins into BTC and BCC afterwards and getting free BCC?

I am not sure what you mean by BitcoinCore wallet as there is no such as far as I know. Yes, the nano ledger will be able to separate between BTC and BTCC as  the two are quite different. Dont worry, just sit tight and enjoy the ride.
  

it depends on whether they are really going through with the fork/split or not. and then if they do, it depends on which exchanges are going to really list that coin. some of them have already said they won't do anything about it.
BCC doesn't seem like the best idea and it certainly doesn't have that many supporting it. the chances of failure are very high with it.

Its really good answer it really make sense it solved lots of my wuestion even i am researching on that once i find proper answer i will post it in this thread

I bet they won't spend a lot on it at first. Why would they put tons of hashrate on something that probably is going to be worthless instead of something that is worth a lot and has a bright future?

I bet Bitmain will move some hashpower to BCC, but with Segwit we can miss it :)

I don't think so because we all know that bitcoin nowadays are very unstable in terms of it's value and we all know all about the August 1 news that bitcoin value would split and drag down. I think it is okay to hold if you are a long term holder butif you need money ofcourse withdraw it.

How to get the bcc? Is it enough to have bitcoins in own wallet or must we take action?

Is Electrum wallet supports split?

Electrum Wallet does not support BCC, only BTC: https://electrum.org/bcc.txt

I really hope that if there would be the necessary split it would not be as bloody as what happened to Ethereum. Here are already those who are campaigning for Bitcoin Cash even if the said coin is not yet existing. I heard that in the market its value is also following that of BTC that is it is dropping right now.

ViaBTC (https://www.viabtc.com/convert/bcc) has already started trading BCC. You don't need to take any action on your bitcoin wallet right now. Just make sure you have the control over your private keys and wait for Aug 1.

Many thanks. I only am not sure about the private key. Have the coinomi wallet with a 15 words key. Think, that should it be, right?
Would we also get btc for bcc? :)

As long as you hold your private keys and have full control over your coins, you will have access to both coins after the split. These two coins will be different two coins from then, and you can use them separately like you want. You can hold them or sell them as you like.

Thanks for reply. I meant this by BitcoinCore wallet:
https://bitcoin.org/en/download

So if I keep my coins there, would I be able to separate them between BTC and BCC manually later after the fork and receiving same amount of BTC and BCC?

I think there will be another wallet supporting BCC that will receive BCC. The wallet just uses the same private key and the same address. Isn't it?

Will became two independent currencies

Yes, as they write on bitcoincash.org, it will be the same private key and the same adress on 1.August.

Anyone knows if the online wallets will support BCC, I'm talking about wallets like Xapo!?

Too early to tell. ViaBTC only has about 10 PH (https://pool.viabtc.com/pool/bcc/state/) mining on Bitcoin ABC. The best way to get bcc is to have your bitcoin in a Trezor or Ledger Nano S hardware wallet before the fork.

Sure. I'm already thinking in buying a Ledger Nano S.

Thanks mate.

Or any wallet that gives u access to the private key. The private key will obviously work on both chains when they have their separate wallets.

Hey guys I am still confused on what to do to get both coins. I have all my bitcoins on my electrum desktop wallet. However someone says that does not support BCC.

Is a desktop wallet considered a hardware wallet? If I cannot get my hands on a  Trezor or Ledger Nano S hardware wallet in time for the fork, Should I take everything off electrum and put it on a paper wallet?

Thanks for the help I am a total noob at this stuff still.

You should exchange bitcoins to fiat money to avoid from volatile markets. Better hold cash and watch the markets to accept better decisions.

If I did that I would be losing money.

Investing more into bitcoin when the price drops is your choice and if you are able to invest more into bitcoin right now before August,you will stand a chance to own more coins from the split coin as well,so literally you are gaining more profit if you look at that way,good that you have already moved your coins in your own wallet where you holds the private key.

If price drops below $2000 you should buy. I think a drop that low will be brief and the only way to take advantage of it is to already have cash at an exchange with a buy order in place. You should assume if we have a flash crash Coinbase may go down from server overload so don't count on being able to watch price and make a market buy, you may not be able to even log into Coinbase.

You are absolutely right except on one point, BCC sure has stronger support than you think. There is a strong political game/power being it, no wonder exchange are getting ready like crazy.

One thing you should know that. segwit is to provide solutions in the confirmation in order to be as ready, so if segwit is successful it is likely that the absence of a split in the world of the bitcoin. BEEP already done 149 yesterday and most of the miners had already managed to confirm this, right now I am trying to do the transaction confirmation that the level is much better than before. So you need not fear to save any number of BTC, all you hear is only big investors strategies to utilize the State
 

You were doing so well, if you want some suggestions, here;
1. withdraw all your coins into electrum wallet, mean you can get BCC after UAHF and consider it as a free money, if you can sell it.
2. If you can't, just cash out your bitcoin and buy back when bitcoin clone launched on August, we expect for a little drop of the price.
3. If you don't want to take the risk, then just let it safe in electrum wallet and make sure to export the private keys.

Store all your btc in your personal wallet.
Don't sell your Bitcoin too soon as nothing big happens in a fortnight.
Don't panic.
Make sure that you don't send/receive bitcoin 24 - 48 hours before and probably after  August 1.
If there is a split keep both BTC and BCC with you.
The decision is still yours ,its still up to you for what is good and what is bad for you and your future in Bitcoin.

sorry guys I am still not getting this. So you are saying BCC will just appear in my electrum wallet 8/1/17 at 12:20pm as long as my BTC is there, or do I have to have my BTC in another type of electrum wallet... such as the one found on this website recommended by bitcoin cash

http://www.electrumcash.org/

However this website says it is coming soon.

No it will not. Read the instructions (https://www.bitcoincash.org/replay) at Bitcoin Cash:

After reading the text, what i understand is that you can have btc in the electrum wallet and you will be entitled to the bcc also. However, to claim the bcc, you have to use another wallet as electrum wallet does not support, am i right to say so?

Please excuse me to my answer to you, You are so ridiculous dude! I think you are one of the people who believed that this coming august 1st bitcoin will be split. You're so easy to believed in any rumors and hearsay and no basis. This is just a massive  FUD to anyone here in this  industry. I am pretty sure nothing will happen to this date. Everything will be fine just continue what you had started to believe in Bitcoin.

So hardware wallets will split bitcoins due to hardfork... ??? Can you explain a bit more?

I have read somewhere that If Segwit2x is implemented successfully then we dont need to hardfork the bitcoin so their wont be split in bitcoin if only it got problem the next option is hardfork bitcoin and that can be how many times that dont know until it get success.

Some one told me that the segwit is already a success and there will be no split in BTC and BCC that will happened it august 1 so i dont know what will gonna happened really in august 1 why there are still discussions about there ? Are the split still gonna happened?

From what I've read there will be no split on August 1, as you can see on Luke Dashjr Post ( Posted on Jul 27 here's the link https://medium.com/@lukedashjr/why-nothing-will-happen-with-bitcoin-on-august-1st-93f4 which launched on 1 Aug, it's like taking advantage of this issue, i'm not a technical guy so i don't really understand about this issue, one thing that makes me confused big and popular exchanger like poloniex and bittrex has announced their statement regarding this issue (bitcoin split), so it will gonna happen? can someone confirm this?

I read this information on telegram, and bittrex provides a security guarantee to save your btc. Automatically you will get BCC.

https://i.imgur.com/gDWj0FU.jpg


This is good news, in my opinion. ;D