Bitcoin Forum

When the ethereum fork happened, Coinbase credited their customers with an amount of ETC equal to their ETH held at the time. ETC was under $1 then, but got to over $20 and now sits at around $14. That makes it nontrivial money given to you for nothing. If you had, say, 100 ETH, you'd have around $1400 worth of ETC right about now.

When the bitcoin fork happens, is something like this likely to happen as well? Could BCC similarly appreciate in price?

I don't have a crystal ball, but shouldn't everybody and his uncle be making sure they get whatever BCC is due them?

Moreover, I just don't quite get Coinbase vs. Kraken on this. Coinbase says that they will give you no BCC, while Kraken will give you your BCC. What's wrong with this picture? If BCC appreciates like ETC, won't people be shooting themselves over having missed the chance to get their free BCC that was due them?

If bitcoins split in half the prices should be equal if the community is split 50/50. It's not going to be equal because BCC just came out of nowhere and it's a currency no one asked for. Etc made up maybe 10% and eth 90 if I recall. Etc is supported by people who think it's a free market and you shouldn't hard fork because of a major hack. There will always be another ETH hard fork, but none of them matter until someone changes it to be deflationary.

BCC and ETC will be like that ,there might be a few users but still it will not be enough for it to be popular unlike ETH and BTC which already made their names and are trusted and useful.

To be honest it wouldn't be beneficial this time to give away equal amount of BCC. It was okay with ETH and the classic one because the price was very low. Just imagine even if split occurs on the scale if 90/10 then also the wallet will need to give away $250 for each BTC that is held by users. Wow, that won't be profitable man. And who knows the future? What if bitcoin fell and BCC rise? That would be complete loss for end users. Seems to be very critical if splitted and cash is redistributed.

Hi bye the your topic is about the fork that is going to happen right? So I got a link but its for Philippines only but sure it will happen to other country as well. So here I provide a link it has same problem and issue different country right. https://coins.ph/blog/upcoming-bitcoin-fork-and-your-coins-ph-account/  please do read this and I sure you, lets half of you questions will be solve. I hope that helped a fellow bitcoin user here.

BCC is an altcoin and like any other altcoin it can easily be pump and dumped because of much smaller market and very low demand. and we all know people behind it like Roger Ver have a lot of money and can easily manipulate the market to earn more money from pump and dumping it.

don't compare it with ethereum fork. in that there was still a big support for ETC because people didn't want the ETH hard fork to roll back their mistakes. and that was rushed. and at the same time there was a big support for ETH hard fork because many lost money in DAO and wanted it back!!!

Even if that is the case, there is no reason why exchanges shouldn't credit their users with BCC equivalent to the amount of BTC they hold. If Coinbase tells you they will give you no BCC, you should ensure that there are no bitcoins lying with Coinbase on August 1.

Sure, BCC might appreciate in price, like any other alt coin. The thing is, with ETH/ETC, the overall market cap dropped significantly--something like 40%. Any significant network split should in theory cause a loss of value for both networks. It's really difficult to predict future demand for Bitcoin Cash, but it seems that exchanges have indeed received interest from their customers.

Just make sure you're careful about splitting your coins. Last I heard a couple days ago, there was no mandatory replay protection in BCC clients. I'm sure many bitcoin holders will try to access their BCC, and will lose bitcoins in the process of moving them.

exchanges, like anybody else, are free to choose to do whatever they like to do. and as long as they are transparent and honest about it, i don't see any problems with that. it is a lot of work to add a new wallet for a new coin to your service and it takes up a lot of your system resources. not to mention crediting each user is also a lot of work.
and you as a user are also free to choose to stop using their services if you are not happy with their decisions.

The thing is, ETC stayed under $1 for a good long while, then rocketed up to $20 and beyond for no apparent reason. Most players had expected it simply to fade and go away, it would seem, but it's still going relatively strong. Who's to say that BCC won't follow a similar path? Indeed, maybe BCC will confound all expectations and become the dominant coin.

In this entire space, who's to say (correctly)? Naysayers will say "nay" and pundits will pund, but in the end, no one knows what to expect at this point.

I do not know yet whether BBC and BTC are one owner?
If ETH and ETC have obviously owned one owner, but between the BBC and BTC there is no clear info on this

Before reading posts in this thread I thought that etc was earlier than eth which made it classic, actually. I hope no fork awaits us in a couple of days but if it does I guess it's up to websites where people stored money to decide whether they give them other coins or not.
If you mean two potential currencies which result from bitcoin split than I guess it's obvious that Satoshi is quite responsible for both. Some right on the new coin may belong to those coders who got segwit implemented. And yet it doesn't mean much anyway, for there is no such thing as a currency owner in such a case, I guess.

I agree with your opinion. Ethereum value was very low at that time. Also, Ethereum hard fork had different reasons and was basically decided by its founder.

I think the future in crypto-coins cannot be forecast so easily. Bitcoin Cash can disappear in a very short period of time, but it could also have a long life and become more valuable than many other altcoins. Let's see what's happening...

Well, no matter whether BCC appreciates or not i think that anyone should grab this opportunity to get some free money. Really doesn't make sense if you have an opportunity to get some free cash even if you don't support it(you can always sell it off for the token you support). So therefore storing any amount on coinbase before the fork would be just plain stupidity in my opinion.

There is a big difference between ETC and BCC though, ETC is actually as a result of the Ethereum chain being manipulated simply because a hacker got hold of some Ethereum. BCC brings nothing morally right to the table, at least imo.

Either way, do whatever you want but please, please, do not store anything on an exchange even if they promise to pay you out. Promises are promises. Private key is the real deal.

I have the same thoughts with you. In the future, BCC will also develop. This has been predicted by many people so the BCC purchase now is wise

I think they won't to credit their customers because there is many considerations, the number of their customers is really huge, it will require lots of system resource or maybe they just don't want to support that fork. I know they can't hold our opportunity to get something that everybody will obtain but if we using service from a company, we must acccept their TOS that means we agree with their decision, if you disagree with them, so you can just stop from their service, it's easy

just be careful that your greed doesn't blind you!
trust is a very hard thing in bitcoin world and in order to be able to spend your new airdrops you need to download their wallet software, and like any new altcoin that comes out you must be extra careful about it.

if you lose your bitcoins because of using their buggy client nobody will compensate you. they will say it was a bug we can't do nothing for you!!

In my opinion the ETC hardfork was much more justified than the current BCC split. BCC feels more like a cash grab to me. Not that that ever stopped an alt from growing.


ETC may have grown from a fiat perspective, but relative to ETH it has rather stagnated. BCC may also see huge fiat push, but that doesn't count much if BCC falls relative to BTC.

the only thing that BTC/BCC and ETH/ETC share is one word called "hard fork" nothing else!

the hard fork is not even on the same level. ETH hard forked to roll back their serious exploited bug and recover their funds and because of that it left behind ETC.

BCC is forking because they want to attack bitcoin and take over.

But is that how it works? I thought it cost Coinbase nothing to give away the ETC, since the fork basically converted every ETH coin into one ETH and one ETC. The ETC was created out of nothing and was completely free (aside from the extra work Coinbase had to do to enable ETC payouts).

Similarly, the bitcoin fork will convert each BTC into one BTC and one BCC. Coinbase claims that they won't keep the BCC, so what happens to it?

It's really quite simple.  If you leave your bitcoins with Coinbase when the fork happens, they're going to keep all the Bitcoin Cash for themselves :)

I guess you cannot compare this 2token first because bitcoin is the most successful currency in the cryptocurrency and also ethereum is just a altcoins.Bitcoin have a very high markrt value so obviously dont expect BCC to go this high price i guess it is really unexpected if it pass the bitcoin.

It is very difficult to predict whether the BCC will follow the ETC's footsteps, but at least this will be a war between BTC and BCC. After slplit BCC will experience a massive dump and will make the price of BCC will be far from what is expected.

That's what confuses me: Coinbase insists that they will NOT keep your BCC for themselves. As such, what will happen to it?

Coinbase also claims that they may change their position on BCC, depending on how the market evolves. Thus, if BCC rises significantly, I'm also wondering whether they will wind up paying BTC holders the BCC that was due them. Will this even be doable?

(BTW, it's not entirely trivial to move BTC off of Coinbase at this point: Between the "delays" they're reporting with BTC withdrawals, other exchanges not supporting my location, and the hassle of setting up private wallets, I don't trust in my Coinbase BTC getting to me in time, or even at all.)

True, but aren't BCC just some altcoin, too?
What's the difference betweet them then?

BTC and ETH already made they name and really famous now, so is it really possible that BCC will take over BTC?

Well, let's assume that might happen, so how the majority will think about that?
The most likely to happen is that when they got this free "BCC" seems like they will sell it all and get back to BTC.

It seems to me that the smaller the number of bitcoins in circulation, the more valuable it will be. Therefore, I was not too happy about the news that more than 21 million may be produced by Bitcoin,

I think you're confusing ETH and ETC roles in this thing. ETC stands for Ethereum Classic, as in the original. The soaring, new version today is ETH...no?

ETC has hardly appreciated in the past year...It is ETH that has taken off. So if BCC is to appreciate like ETC, it will have been a non-event!

The better question is what will this do to the transaction throughput capacity that is the real issue afflicting Bitcoin?

It will depend on the users, if users appreciate the usage of BCC then BCC can become valuable and will have a valuable price, but I don't see many people and exchanger want to support this coin, so I kind of doubt BCC could become successful,but let's see how is the crowd enthusiastic about BCC after the August

Actually, both ETH and ETC "soared" since the fork, and by comparable amounts. As I recall, ETC started out at something like $0.70 when ETH was around $10. Currently we have ETC at $14 and ETH at $200, so that would be a factor of 20 for both.

ETC has always been priced an order of magnitude lower than ETH, but their relative price appreciation has been comparable. ETC rode the same rocket upwards.

Thus, I'm still wondering about BTC and BCC in this context. What will happen to potentially valuable coins that Coinbase won't give to users, yet won't grab for itself, either?

Yes, these are both forks. But they are for completely different reasons. ETH and ETC were forked and their combined value did drop compared to its previous price. Recently the price has soaed due to adoption and wider use of its technology. You could say that bitcoin has already gone through this first large scale adoption stage, and will not skyrocket like ETH did.

The second part is regarding the difference between the two forrks. The ETH/ETC fork was made to revert a bunch of transactions, because a huge hack was pulled off. That's fine. But for Bitcoin, BCC changes more than just a couple of transactions. It has the potential to damage both itself and BTC, which ETH did not have. This is why Coinbase is trying to fight against BCC and shut it down.

it is all about the support, if the fork gains any support it will exist. if it doesn't and instead continues to have more and more problems then it will eventually cease to exist.
with ETH/ETC there was a big support for both of them, i can say it was even equal support since the fork was rushed and people didn't want it but at the same time many of them lost money and wanted it back!!
also remember that mining ETH/ETC were both easy (it still is moderately easy). you can just start up your GPU and mine them.

with bitcoin mining is hard, it needs a lot of investment and then you are comparing the profit of $2700 and rising with the profit of $100 per coin and dropping. this is no longer a matter of less profit, it is a matter of a big profit versus a huge loss respectively.

You can expect a Pump orgy on BCC at the split and many BCC supporter will be going all out to pump it like a prostitute on crack. They want people to doubt that the original Bitcoin is going to be the de facto coin and they will use this to profit more from the hype that would be generated from that. ^hmmmmm^

So I would predict a massive BCC pump, until people figured out what it was all about. The pumpers will walk away with the profits and bag holders will cry, because they did not see the signs.

Well, my thoughts here are you should get ready to invest in BCC because I don't think any of these BTC platforms like Coinbase or Kraken are going to give BCC for free (BCC is too valuable to giveaway for free) and there is one thing for certain here, if Ethereum Classic was skyrocketed because of Ethereum split then BCC will do so in no time. People saw it before the split between ETH and ETC, now they're just waiting for another chain-split bubble like BTC and BCC to invest and make huge amount of money in a short period of time.  

As I see it, Coinbase are going to steal the BCC for themselves by not crediting BTC deposits with the according number of BCC.
Currently it looks like 10BCC=1BTC so they would be stealing 10% of the value of your BTC.

I cannot understand why anyone still has coins at Coinbase. They have told you in advance that they will steal from you!  Don't let them!

The crowd always prefer high price coin ok. There is no any serious attachment with Bitcoin. Suppose if Bitcoin price goes down and BCC price starts to increase then all people shift to BCC. This is how it will work. So everything is now in big investors hand. If they invest in BCC with huge money than 100% the price will increase, and the users also increase.

This is exactly what I'm thinking. Many bitcoiners want to dump BCC and see it fail -- just like ETH holders with ETC. ETH supporters were by and large very sure that people would lose interest in ETC and that it would simply die. On the contrary, it continues to be one of the major altcoins.

So I think this is very possible for BCC too (although the mechanics are different; ETC was the original chain, and BCC is a hard fork). The question is, will people come to see it as a direct competition for Bitcoin (including the name)? Or just an altcoin?

I'm squarely in the anti-hard fork camp. But I have to say, I'm stocking up on popcorn. Between Bitmain and the apparent interest in BCC, I hate to say it, but this might not go away.

I have a strong belief that ETC is a pump and dump scamcoin, used as a tool for insider trading by people like Barry Silbert. Here's a good article if you want to find out more about it (https://medium.com/@charlescmackay/barry-silbert-and-the-cost-of-bitcoins-malfeasance-culture-f83d15ad07d1)
And it's not hard to draw parallels with BCC, who also has it's shadowy figures like Jihan Wu, Roger Ver and Craig Wright. There will be some amount of pumps and dumps, accompanied by FUD against Bitcoin, and this altcoin might stick for a year or two, depending on how much money its beneficiaries can afford to spend. 

Since these exchanges have come forward and gave a clear picture on what they are planning to do after the fork and if you really want the coin then make sure that you move the coins to your wallet rather than shooting yourself at a later time,no matter what if i am getting a few pounds extra with the new coin i do not mind having it. :P

You can't put BTC, BCC, ETH and ETC in the same title.

Both where forked for a completely different reason.

Although you asked a question before August 1st, still it makes sense to answer… The situation is very uncertain. 1) Bitcoin appeared to be more stable than we thought and is going up very fast. 2) Bitcoin Cash is very shaky. Though its price increases as well. I have many doubts considering Bitcoin Cash, but I haven't sold my BCH coins yet.
Now, about Kraken vs Coinbase... You see there are exchanges that do not accept hard fork, like Coinbase (that’s why they do not split coins). Before August 1st, I had made a lot of research and decided to keep my BTC on Cex.io. Luckily they split my coins, so now I have two balances of BTC and BCH with the same amount of coins in both of them. Now, Cex.io have already launched Bitcoin Cash trading, but I am still hesitating whether I should sell my BCH coins or not.