i have a thread on this as well. Are you planning to download electroncash on same computer as electrum or not?
I play to claim my bcc from electron cash. I also plan to use another old computer to do this. I already moved my btc from electrum to nano ledger s.
Do you guys suggest i download electrum in my old computer, type in my 12 word seed to restore my wallet which contain 0 btc. Then i download electroncash and then import my private keys. Then get my bcc and send it to nano ledger s?
OR
Just download electron cash on old computer, then type in the 12 word seed since i cannot import private keys? Then get my bcc and send it to nano ledger s
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Is there a clear answer to this? What if you never claimed bitcoin cash nor bitcoin gold?
What if you claimed it but didn't sell it.
What about people who never bothered to claim it due to it being complicated? Bitcoin gold i heard is very complicated. Also there been lot of hacks in wallets due to people downloading wallet to claim cash and gold etc.
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When you say airdrops, you mean coins for holding coins right? Like imagine you have NEO or waves or reddcoin? Yes what happens there because every week they would give you like 0.00002 something coin etc. I can't imagine you have to do anything until you convert it to btc right?
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To anyone that has already filed their taxes on the forks in the US, how did you account for bitcoin cash and gold?
1 What if you claimed both but never sold any and are holding?
2 What if you claimed just bitcoin cash but never claimed bitcoin gold?
3. What if you didn't even claim any of these?
4 If you did claim them, what price did you claim it at? Is it the price on the day of the fork? Thus same price for everyone? Or the actual day they you yourself went through the process of claiming it?
5. Couldn't you claim both and then hold it still but if you claim it on the day of the fork, then both bitcoin cash and gold in the future drops to zero... what happens then? You pay your taxes on bitcoin cash and gold but what if someone has a lot of it? Imagine someone had a lot of btc. They had to pay 5 figures in taxes. Then both bitcoin cash and gold drop to zero. Well they only going to get back 3000 dollars max the next year etc?
This is complicated because how could you take the coin date price since btc gold was like 300 something on the beginning of the day of the fork and anyone who claimed it probably did not claim it that day and if they did they probably got their wallet hacked. But those that did, they got it in the mid 100s etc.
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Okay so i just downloaded bitcoin gold app on my nano ledger s.
So at the moment, i have bitcoin, bitcoin cash and bitcoin gold app on my nano ledger s.
I think i might made a mistake in those steps i listed. So in the process of claiming bitcoin cash... i first click on the ledger wallet bitcoin app. Then i put in my pin number in the nano ledger s. But when i do this, make sure i click on BITCOIN CASH on the nano ledger s right? Because previously i had clicked on bitcoin... hold 2 buttons on the nano legder s... then it showed the option of bitcoin or bitcoin cash and then legacy or segwit. So had i clicked on BITCOIN on the nano ledger, then clicking on the bitcoin cash and then SPLIT it would not have worked?
I ask this because i had clicked on BITCOIN GOLD on the nano ledger s and it showed option of i dont know, legacy or segwit. So when i get my BCH address, i need to make sure after typing in pin on the ledger s, make sure i right click once and thus CLICK ON BITCOIN CASH right on the actual nano ledger s? Thus after i do that, it would ask me bitcoin or bitcoin cash and then MAIN OR SPLIT? Because right now im thinking had i just opened BITCOIN ON THE NANO LEDGER S... then clicked bitcoin cash and then split, then that WOULD BE INCORRECT?
I just noticed this right now so i haven't made a mistake yet so just want to make sure im doing this right HCP.
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Hi there. But i want to make sure i set up my BCH wallet correct on the nano ledger s first.
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Hey HCP. Im going to finally get my BCH now as i just recently set up my old windows 7 desktop. I been very hesitant doing this so sorry for taking so long with this.
Right now on the nano ledger s, after i type in the pin, there is bitcoin and if you right click button the nano ledger s , there is bitcoin cash words showing on my ledger. Does that mean i had earlier downloaded the bitcoin cash app fro the ledger manager? Because im sure it wasn't there earlier?
So right now when i log into my nano ledger, when i click bitcoin and then segwit, it shows how much btc i have etc.
Then i just click blockchain and click on bitcoin cash and split. Thus i dont need to unplug my nano ledger s and plug it back in and put the pin again right? Then once i do this, it would show my BCH address right? So let say now i want to go to my btc wallet. I just click on settings, blockchain, bitcoin and segwit, then i get back to my btc balance right? Then i can go right back blockchain, bitcoin cash and split? So make sure to never ever click blockchain, bitcoin and legacy or blockchain, bitcoin cash and main? Or does doing that doesn't matter because it always will show 0 btc or 0 bch there?
Then i email my bch address from one computer to the other... thus send the email from laptop to the same email on the old windows 7 desktop computer... then open that email up.
Now i download from the electroncash.org site on the old windows 7 computer. Then click on already have my seed. Then manually type in my 12 word phrase. Then it would ask me if i want to put a password or not like in electrum. I just put a password on it etc. Or does it not ask you that and you have to do it mnaully? Then i would click send bch to that BCH address i copied but first do a very tiny amount just to make sure. Then once i check its there in my nano ledger s, then i send the rest of it right?
So is this the right steps? I want to make sure as im set up right now to do now as i did not set up my old windows 10 computer earlier when i posted this.
Also with the bitcoin gold
I actually have an android phone that i could do this with. So how would i claim my bitcoin gold on an android? This is a phone that someone else uses so there should be no issue right?
But first before i do this, i have to download the bitcoin gold app first right? To first get the bitcoin gold address. But are they going to ask me anything strange like bitcoin legacy/segwit or main/split?
Right now i want to make sure i claim the bitcoin cash first and send it to my nano ledger s.
Then i do the bitcoin gold.
Thanks HCP.
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what site are you buying electroneum at? I checked coinmarketcap and there is crytopia and kucoin. Kucoin is more safe right? So if you buy on kucoin, do you guys keep it on kucoin or do you send it to electroneum wallet?
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So you buy it with btc or eth? So you keep your coss in the wallet or exchange?
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Do most daytraders make more money trading altcoins vs btc? I figure yes because the swings are much higher etc?
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Are there people that sold waves at the high and then bought back at the lows?
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Do most people agree/disagree with this?
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Which exchange is best to use after bittrex and binance?
Which one requires id verification? I sent bittrex id verification and fully verified there. Binance i did not but they still allow up to 2 btc withdraw a day which is already a lot etc.
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I checked coinmarketcap and it shows COSS. I read COSS is a coin lot of people talk about. So you cannot get it at bittrex or binance. So the site to get it is
https:://coss.io
Is that correct?
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what coins does yobit specficially have that they cannot get anywhere else?
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Is this even possible on US exchanges?
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Okay so when you sell the btc in the korean exchange, all the money is in the korean exchange right? Thus its in korean dollars? Thus you need to convert the korean dollars to something else right? So would it be hard to convert it to say paypal funds? Because if you could get it to paypal, you could then send paypal to the person in the us etc right?
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HCP, i appreciate you so much for answering all my messages very clearly.
Okay i get what you mean with the one the same machine now.
I will be setting up my old computer soon so i could claim the bitcoin cash on it.
But since i will be using a different computer to use electroncash, would you say its necessary to do a complete reinstall of windows 10 of it or that is completely unnecessary? For me, security is very important.
And since im using electron cash on different computer, there is no harm at all in just typing the 12 word phrase? But if the computer might have virus, that might not be good idea?
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If you had to keep your coins in an exchange, which exchange would be the safest to do this at?
I assumes its probably
Bittrex and then binance? Or the other way around?
And would most agree if you do this, these are probably the only 2 exchanges you should keep cryptos there?
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hcp that makes sense. i did not think about that. Okay so just to make sure. This is what im planning to do.
1. Create a bitcoin cash wallet and click SPLIT. Now i have BCH address in my nano ledger s.
2. Im going to use a separate windows machine. But i also will have to download electrum on it first right since i would input the 12 word electrum seed to restore my electrum on the separate machine?
3. Then i install electron cash on the separate windows machine.
4. Then i would import the private keys from electrum to electroncash correct? And to do this, both electrum and electroncash will be opened at the same time since i have to go to options in electrum, look for private keys... copy that and paste that into electroncash?
5. Once i do this, the BCH will appear in my electron cash wallet
6. Use my main computer with the nano ledger s and have the bitcoin cash split opened where it shows the BCH receiving address.
7. Then send the BCH from the electroncash on the secondary device to the BCH address. But if i were to do this, how do i copy and paste my BCH address from the bitcoin cash receiving address to electroncash? Thus if its the same device, i would just copy and paste the BCH address from the nano ledger to electroncash. Im not going to type it out manually right? Or should i be doing that since its a separate computer? Or just send an email of that address to another email address and open it up on the secondary computer so i could copy and paste? I know i sound confusing here but i assume you know what i mean by this?
8. Have BCH in my nano ledger s. And anytime i send bch to another site, i make sure i click on bitcoin cash and then split. Everytime i use bitcoin, i click on bitcoin and segwit right? Also does that mean i no longer click on remember my choice when i click on bitcoin? I did that earlier since i only used bitcoin. So what would happen if i click on bitcoin and then legacy or bitcoin cash and then main? there would be 0 btc and 0 bch in those wallets right?
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