Bitcoin Forum

... simply because it's designed to allow people to sell BCH for BTC so we can get more BTC = more cash

It's the only real reason BCC exists.

so easy but seems like I didn't understand it before! actually I think this is an ingenious idea in the first place.


It's also why they told everyone not to keep your BTC on exchange. Because the Bitcoin Cash devs and their friends did just that.

Selling 1 BCC for 0.44 BTC --> more BTC --> more CASH. It's an ingenious idea tbh, and it worked! Millions were made. Millions are still made, even at 0.1!

Besides that we got four-letter word in Bitcoin Cash blockchain. I can agree with it.

Hmm haven't thought of that. Always thought that it's something deeper but maybe, just maybe, the devs just want to make quick bucks out of their bitcoin holdings. After all the effects of the fork isn't so bad and most people seem to be happy that they get something out of it instead of the price dipping down so hard.

That's why they told everyone not to keep your BTC on exchange. Because the Bitcoin Cash devs and their friends did just that.

Sell 1 BCC for 0.44 BTC --> more BTC --> more CASH. It's an ingenious idea tbh, and it worked! Millions were made. Millions are still made, even at 0.1!

You think it's simple, but I need time to understand your sentence. Please explain again. I think there is still a much deeper reason why they released BitcoinCash, more than your conclusions.

no it was designed to allow the increase of BTC holdings. I'm now convinced of that.

I cannot disagree with you since when I opened my exchange account I was surprised to see a 0.04 bcc on my balance. I was a little bit disappointed since I just removed my btc balance out of the exchange. If only I did not remove my bitcoin then I could have gain more bitcoin cash and earn more profit. BItcoin cash is really cash since the moment I sold my free bcc I have earned an instant 20$. Its not that quite big but at least I have earned something out of the blue. The price of Bitcoin cash is now going down since it has not been distributed yet and I am sure thos who got their bcc free will surely dump them at the exchange following the falling trend of bitcoin cash price.

I cannot blame you on that move, you have to put your bitcoin into safety during those times. I did the same, so I do not have any free bch. This bitcoin cash does not only gave us free cash but also pushing the price of bitcoin up because bch is flowing back into btc.

Well I can say that it is true like any other alt coins and also very thankful that it does not affect Bitcoin, the real Bitcoin, at all. I've heard also that some people had acquired free BCC from an exchanger base on the BTC they have but it didn't get deducted in their BTC. Altcoins are there to serve Bitcoin and to get more Bitcoin, do they?

its just , someone buying it at 0.4 and cant sell it back now  :-\  , i just all in nem xem till october haha

At least it is not worth 0, yet.I don't understand why people bought this coin at all, after all it was free, the investment is bitcoin, this was just a little bonus for our bitcoins, just like Stellar, Clams, Bitcore, it's a little extra to get even more bitcoin. :D

$$$ Billions were made from thin air, out of nothing!!

You discovered everything. Ha ha ha

Leaving jokes aside, I think they would not be ingenuous to create BCH without having a big goal to achieve.

There is absolutely an agenda behind it and we'll discover that when it's 2mb fork time, or not, or else.

I think it was just sort of a coincidence that it was able to be traded and exchanged for more BTC. I didn't really expect there to be any use coming out of it as it was just a by-product of the fork. I'm glad some people benefited from it though.

I'm still too retarded to figure out how to get bcc out of my Mycelium wallet.

I agree, this was probably a ploy to generate money out of thin air.   And I also agree that bcc isn't worth holding--even though I'm holding about 0.007 unwittingly by not knowing how to sell it.

Nice discovery...but I totally missed the BCC ship. Didn't stock up BTc at the right time..

Since last 100 hours, we have seen dramatic movements in the price of Bitcoin cash and I would say that a ball has more capacity to remain stable for longer time than Bitcoin cash  ;D

Anyways, As expected the investors had a gala time with Bitcoin cash and they have done with it and now they are coming at their main motive. Now they have turned trading mode off and investing mode on and when it comes to the long term, Bitcoin is a king and thus everyone is coming at it.

Nobody forced you to keep your coins off the exchanges. You were told your coins would be stolen weren't you? Well now everyone is salty because they didn't have the balls to keep their coins on the exchanges. You should sue the forum for misinformation lol.

I only sold half my BCC, I'm still wondering what's going to happen when the difficulty levels out and how that impacts transaction speed and fees.  I wonder if this event will motivate or dissuade future hard forks?

Is that really the true reason why it is called as BCC. I dont think so. You speaking like a made up answer by just speculating things around bitcoin and fiat currency. May be thats just the name devs gave to it while they were developing the project. I cant agree on that as long as there is official publication saying that bcc is derived from the way it is used, that is to get more cash.

With all the comedy aside,yes it was free money out of thin air,but the idea is pretty good,if they can scale like they are telling it is a genius way,if billions of people can transact then the technology is really cool than for less than a million like we used to see in the past,lets see how these things go and if they could fulfill what they set out to be,then it would be great.

Hmmmmmm I sold 70% and keep 30% because I think at the end of the year a big pump will come. Good timing is required for a 10X of BTC. I'm gonna do it.

I did not even think of this, but it is likely what happened. The devs got their Bitcoin Cash before everyone else and put their coin back on exchanges when others could not. Yet another major scam in the crypto world... not surprised.

I am also having the same idea about it more BCH to be converted to BTC more cash for us.
I also think that it is just another alt-coin nothing more it would only be played in the market .

Wow! Its very good that you sold your 70% and also save 30% for bright future , i think you got a lot of profit when you sold 70% of bitcoin cash and I hope you will make good profit from 30% of bitcoin cash.

There will be more artificial pumps so that the core team and their friends could cash out more Bitcoins through their BitcoinCash. So if you haven't sold your BCH then hold them, you'll get a time to sell them.

Because in first time most trader think Bitcoin Cash just is shitcoin and it can't have high value, so after listed on Bittrex it has dumped to lowest price, I remember 0.005-0.003 satoshi for each BCC in this time.

Aha! Someone cracked the code! I always wondered why it was called Bitcoin Cash aside from being a weak rip-off, now it all makes sense to me.

It's actually funny looking at the market value of BCC now, down to $290 and down 30% against their day-to-date value. Really a weak currency and only has a market cap because they have 16M mined already and it piggybacking off of what Bitcoin made.

Well, fine by me. Glad to see the scheme collapse and anyone who was dumb enough to actually invest in it lost money. Good lesson for all.

yes apparently bitcoin holders realized that they can also pull off an Ethereum-style hardfork and get money out of thin air.. ingenious idea. And done better then ETH.. because we have replay protection.
I was against in the beginning it but now am waiting for the next one.

Hi,

I laughted at your post !...
But I think what was really impressive was also the strengh of BTC just after the release of BCC : no decrease in the price...for sure not so many people would have anticipated that, even the more optimistics for BTC !....

BCC is just a free money.. no backed by anything it was given free. So dont expect that it has value. For me BCC is just a shit coin.

Just play with it like a basic altcoin. I'm sure it will dump by the end of this year so better sell it when it's on its hype. Altcoins were bought or obtained through means of service but selling this bitcoincash to the market that they all got for free, are you kidding me? Let those fools buy it.

Maybe doing without fork is not so intresting to support Segwit.imagine without bch it would be just another btc rise..

But now,so intresting huh?

They was risky to make this,but its works.

People like crazy sell bch to btc.

Btc is rising.

Genious. :)

Bitcoin Cash did not have the success that some people hoped because some exchanger did not support it, was necessary more adoption by the community and this did not happen, besides the crypto market runs all around Bitcoin.

I loved the idea of forking btc to gain more btc. When do we get next fork? I'll try to allocate more BTC for next fork. And I'll consider keeping my coins on Bittrex before fork happens. So I can sell my forked coins for values like 0.44 :=)

To sell it you can, but you have it no one will buy. Thank God if you can get your bitcoins back. Suddenly the purse will declare that it does not support older bitcoin and you will forcibly give the bitcoin cash for the course.

I would like to bump this thread once more to raise awareness. Bitcoin Cash was created solely for people (that knew and know) to increase their BTC holdings.

Hubris. What if you’re the fool here?

@AnonyMint posits that (https://steemit.com/cryptocurrency/@anonymint/re-anonymint-shocking-crisis-coming-to-cryptocurrency-in-sept-20170801t092833088z) the reason is so they can buy your BCC with BTC that they plan to double-spend (steal) from you in a long-range blockchain reorganization, along with stealing the SegWit booty.