So you see that you have some BCH since the August split happened. That money looks great, but you're not sure how to access it/dump your BCH for money or BTC. Fear no longer, you have come to the right place. Disclaimer: I am not responsible for any BTC or BCH that you may lose in this process. It worked for me and I am happy with the results. I wish to share that with you.

I read a lot of things on BCH about downloading software wallets and shit. I didn't want random software on my computer that could possibly be malicious. I found a way to get rid of my BCH by use of the internet without downloading any software. I had to jump through a couple of hoops, but hopefully this tutorial will make it easier. Here we go:

Firstly we'll want to separate your BTC from your BCH. If you are paranoid like me, you don't want any website having seen your private key ever. Once that key has been seen you want those coins in a different wallet where the private key has never been used before. To do this you'll want to upload your paper wallet with BTC and BCH on it, to https://blockchain.info/ Here is how that is done. Click on the weblink I just typed in the last sentence and once you are on the page, click on wallet as shown in the picture below.



If you already have an account click "login" marked by the red arrow. If you don't have an account, sign up by clicking "sign up" marked by the green arrow. After signing up you can then login and make it to the next page.



On the left side of the screen there will be a side panel. First, click on settings. Secondly, there will be a drop down where it says "addresses". Click on that. Thirdly, click on "import bitcoin address".



After that there will be a window that pops up. Put the Bitcoin address of the paper wallet (the one with your BTC and BCH) into this window. After this you can use the send feature to move your BTC to another paper wallet or any other type of wallet that has never been used before. (Sorry, I'm already getting tired of posting pictures.  It is pretty straight forward though. )

At this point your BTC should be separated from your BCH in a new wallet safe and sound.

Now you must move your BCH to a place where it can be sold. How to do this? Go to this website: https://bcc-wallet.btc.com/#/wallet I checked it on Scamadvisor and it showed that it is a trusted site so I took the chance that I probably wouldn't get screwed over. Anyways, sign up for an account and login. The process is similar to that of blockchain.info. On this online wallet there are two different modes. BTC mode and BCH mode. BTC mode has a blue theme. BCH has an orange theme. You can toggle between the modes as shown in the picture below marked by the red circles. (Note that when uploading your wallets to this website you are actually moving your funds out of your wallet onto the website wallet. This is unlike blockchain.info where the website is merely an observer.)



Now go to settings and then click on "import external wallet".



Once you do that, this window will pop up. Click on "Simple Private Key". (The first time I did this, I didn't know what WIP was and knew what Blockchain.info was so I clicked on the other one. That one sucks, because I ended up wasting time getting a pass phrase from blockchain.info and all this other stuff. In the end it didn't work and I wasted my time. WIF is basically just your private key in the way that is commonly expressed pretty much everywhere.)



Once you have your BCH wallet uploaded. Hit send on the navigation. Fill in the form marked by the arrows. For the recipient address you'll want to pick an address on an exchange that trades BCH. I chose Bitfinex. (yeah I know, you have to get another account. Quite a drag, but trust me you'll be happy once you have your money). Then select "low priority". Don't be impatient and waste your money. Low priority gets the job done and there is no need to be hasty. Go do some fun stuff for a couple of hours and come back to this. (Just to note, when entering in the payment field you will need to manually adjust this for the transaction fee. You can either do this in your head or be lazy like me and pull up a calculator).



If you don't have a recipient address in mind for the previous step then perhaps you may choose the recipient address to be on the Bitfinex exchange like me. Sign up for an account and log in. Go to deposit in the upper right corner of the screen. Click on Bcash. Then select "click to generate new address" with the cursor under the exchange wallet. Now you will have a recipient address.



Once money is sent to the exchange you will be able to trade it for BTC, the dollar, or whatever altcoin on the website that pleases you.


Here is a bonus step. Go to https://blockchain.info/ under send put the recipient address to 16tUY3kpYc5kpnRat3Kc6mdX3u5e1NDmmF and enter any amount of Bitcoin you want to send me. This step is purely optional, but it is greatly appreciated.  

Is this for real? It wouldn't surprise me if it was. It actually is a pretty smart move for someone with so much influence. If I was in a similar position I would likely end up doing the same thing.

So I'm reading on Google:

"Bitfinex is a crypto-currency exchange trading and currency-storage platform based out of Hong Kong and owned and operated by iFinex Inc. Since 2014, it has been the largest Bitcoin exchange platform, with over 10% of the exchanges' trading."

So should I be taking my money off this exchange since China is closing down exchanges based in their country. I mean, Hong Kong is kind of China, but also kind of not. I'm not sure if Bitfinex is included in this.


Guys, I've been having second thoughts. I think we are in a massive bubble and Bitcoin could collapse to sub $600. I'm too afraid to sell though, because I know I'll hate myself if it shoots back up.

I'd like to add that people can't create more bitcoin to lower its value. The dollar and other currencies can be printed making a larger supply. This in return makes your supply less in comparison.

So if you hold 1 Bitcoin. Your amount in comparison to the total supply is 1/21,000,000. 7 years from now, if you never touch it, your comparison is still 1/21,000,000. If you have $10,000 and the total is $5,000,000,000,000. Your comparison is 1/500,000,000. 7 years from now, you still have $10,000. However the total supply may increase to $10,000,000,000,000. Your comparison is now 1/1,000,000,000. So basically the value of your money has halved itself. With Bitcoin, this doesn't happen.

How low do you think Bitcoin is going to go before it starts climbing back up again? Is this it? Is this the end of Bitcoin?

Assuming it goes back up, what do you think the lowest we can get it at?

It is at a 28% decrease from last week? That is pretty bad.

The Chinese government said that it wants to ban ICOs and also shut down exchanges running in their country. This is causing people to panic sell. A lot of people in the forums here just say that it is all FUD. Only time will tell for sure.

I was originally going to sign up for Poloniex, but they wanted my social security, a picture of me, and an ID. I guess it makes sense for security purposes, but at the same time that is putting yourself at risk in case of a security breach. I ended up using Bitfinex and I love the feel of the platform. I'm not really the trader type and I get freaked out by complex shit. Bitfinex was very intuitive to me and the help center allowed me to understand some the things about the website.

I'm a bit worried myself. On some strange level a part of me is excited. I think that part of me enjoys the thrill of the ups and downs of Bitcoin. If it collapsed, I would be devastated. You must feel pretty awful buying at $4,600. I can understand that. I bought at $2,200-$2,500ish so it doesn't feel as big of a deal since I'm still technically up. I think in the long run Bitcoin will be successful. Hang in there and you should be fine.

I live in the US. If I was to build my own crypto currency would this be illegal? I have a great idea, but I'm not entirely sure it is legal. Actually I have a lot of good ideas that end up being illegal someway. For some reason though, other organizations are allowed to do these things that I'm not allowed to do. I mean, all these other people make these altcoins, but don't face any legal trouble. What makes them immune from legal trouble?

I can answer your first question. As for your second question I'll leave that to someone more knowledgeable on the matter.

1) I know you can do it through blockchain.info. Under settings you can upload your paper wallet. Then hit send. You then supply your private key and the public address of where your sending it to (which should obviously be the address of your digital wallet). You can enter the specific amount. If you enter a partial amount it will ask you if you want to send the remaining amount to a separate address with a new key or keep it in the wallet it currently resides (not recommended).

Honestly, I think the main reason BCH hasn't plummeted is a combination of some things. One thing, there are probably many users who don't even know that they have it. Another is the fact that it is difficult to get rid of for some people. Especially non trader types. Once BCH becomes available to sell on Coinbase and other places I expect the price to drop. I have a conspiracy that may or may not be true.

BCH was a joyful gift which I exchanged for some BTC and altcoins (I kept a small amount in case I'm wrong, but I'm probably not). It was a bit challenging moving my BTC around and then moving my BCH to another place. There were quite a few steps and it wasn't easy. For people wanting to get rid of it, it isn't so easy. People who want to buy it, can get it fairly quickly.

I've made an observation and perhaps I'm biased, but it seems like the people that know the most about cryptocurrencies recognize BCH's flaws. On the other hand there are a lot of people newer to cryptos. I see a lot of posts talking about how BCH is faster so it must be better. Take a look at Litecoin. It is faster than BCH so with this logic, why not dump BCH and transfer it to Litecoin?

Booooo BCH! Boooooooooo.

tl;dr:

Yes, yes you should convert your BCH to BTC.

This seems like a pie in the sky idea. No way this would ever happen. If it did, I would not expect it to be sustainable. Bitcoin isn't developed enough to exist as a currency on its own. There is still a lot of stuff that needs to happen. In this supposed bitcoin country, what would the leadership of this country look like? So many things would need to be worked out. Even if it ended up being great, I probably wouldn't leave my country since everyone that is important to me lives here.

We have a social justice warrior in the thread. Go! You can do it! Fight for justice! 

On a more serious note, I hope that more FUD will come towards the end of October. That would be great since it would be right before the possible hardfork on Bitcoin again when it possibly becomes 2x the blocksize. A lot of people on the forum have been saying all the news on Bitcoin has been FUD. I hope for all our sakes that they are right.

Why are you guys calling this fake news? If China wants to get rid of exchanges I don't see what is stopping them or how this is fake news to drive down the price. I mean, I guess it makes sense to do that. I don't think it is unrealistic for China to shut down their exchanges.

I could see China building their own government website where that is the only place where Bitcoin trading is allowed. Other exchanges would cease to exist due to excessive lawsuits against them.

This has got to be the most sketchy thing I have ever seen. The color design looks like they were done by an amateur and I would think an investment firm for a speculative investment would not try to lure people with some cheesy calculator that shows them making millions in the future. I wouldn't trust this website at all.

It will be possible to do so for a majority of users. I'm sure there are some computer wiz people that will still be able to buy, sell, and move bitcoin around since they are very technologically savy. For everyone else it will be extremely difficult. Most people into bitcoin probably don't understand fully how bitcoin works. We have a general idea about the blockchain and yada yada, but there are definitely some holes that we wont completely understand. For these users they can consider their bitcoin pretty much inaccessible.

No doubt that this would certainly affect the price and not in a positive way.

No they will not. Most other countries are likely to follow the same course of action or at least put some form of regulation on ICOs. Most ICOs are garbage altcoins to begin with so there isn't anything to take advantage of.

I think I may have found my answer, but don't know how to delete the thread. I'm fairly sure that btc.com works. There is this link that may help other people as well:

https://bitcointalk.org/index.php?topic=2094630

Not sure if it is reliable or not, but it seems like my best shot.

Is there anyway to move BCH from a paper wallet onto an exchange? I know of lots of exchanges that allow selling and buying of BCH. The only problem is that I don't know how to move it. Do I have to install 3rd party software on my computer? I really hope there is another way. It would be great if there is a website where I put the privates keys into and will do this for me. One that is trustworthy. Please help. I beg of ye.

I've tried to get an account on Bithumb. Their prices for Bitcoin and other altcoins are way better than in the US. Is there any way I can sign up for an account there? I've tried entering a password, but then it says "Password needs to consist of eight digits including special characters." Even when I meet the criteria it still rejects me. I even tried putting in Korean characters so I could bypass it, but it just doesn't work. Any help here would be greatly appreciated.

Also, is Bithumb good? Can I trust them?