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1  Bitcoin / Bitcoin Discussion / Re: Before August 1, and after August 1. on: July 27, 2017, 12:47:50 AM
BTC is volatile AF and will probably always be, just get used to it. Especially during these few weeks before Aug 1. "Bitcoin will fork" = everybody panic sells. "BIP91 ok, no fork" = everybody buys. "Oh wait Bitcoin cash = Bitcoin will fork anyway" = everybody panic sells. Same story over and over. BTC will go up and down a couple of hundreds of dollars each time these things happens and the more expensive BTC gets the more these dumps and pumps will feel like. If bitcoin ever goes to lets say 10k, well then a regular dump in one day can easily be 1k and everyone will panic again.

After the news of Bitcoin cash, the price dropped 200-300 usd but seems to have stabilized now which shows more strength than what happened after the first FUD news a couple of weeks ago.

On aug 1 when the news WILL say "BITCOIN IS NOW FORKED" = panic again.

When the the storm has calmed about 1 week after that and when everyone realized that Bitcoin cash didnt really mean anything bitcoin will rise again and at this point and after I dont think we will see prices below 3k ever again.

In november when segwit2x and the actual hardfork gets implemented there will be panic once again and price will drop 500-1000 usd. Hopefully from 4k to 3k max.

Once this is settled and bitcoin now is truly scaled, there will be no stopping it Smiley
2  Alternate cryptocurrencies / Altcoin Discussion / Re: How to access Bitcoin Cash after Aug 1 on: July 25, 2017, 01:59:13 PM
Lets say I have 1 bitcoin in my exodus wallet. From what Im understanding, on Aug 1, I will then have 1 bitcoin and 1 bitcoin cash. Is that correct?

If so, how will it actually look like inside the wallet. How can I access that 1 bitcoin cash and for example, sell it off or exchange it?

You need a Bitcoin Cash wallet.  You can copy your wallet.dat file from Bitcoin Core over and it will "work", but it is dangerous to actually use.

I would suggest this procedure.

On Bitcoin Core, create a new address and get ready to send 0.001BTC to that address.

On Bitcoin Cash, create a different address and get ready to send 0.002BTC to that address.

Make sure you pay slightly different fees on both sides.

Press send on both clients at the same time and then wait.

This creates two transactions and sends one to each chain.  However, they are both valid on both chains.  

This means that one of them might end up on both chains.

Since they send different amounts and have different fees, if each chain ends up with a different transaction, you will see a different one listed on each client.

If that happens, then success.  Wait until both chains have confirmed by 10 blocks.

If you end up with the same transaction on both chains, then try again.

Once you have a different transaction on both chains, you can then send all your money back to yourself on one of the chains.  This is safe since you are moving the money to your own address, but it means that all your current outputs are now spent on that chain.

This means that they can only be spent on the other chain.  The new output (with all your money) is also only spendable on the first chain.

Code:
BTC             -- B(BTC)
.             /
BTC     A -- <
.             \
BCC             -- C(BTC)

Basically, A is your coin on the current chain.  When the fork happens, there is a split.

You want to move that coin to different outputs on both chains.

B is the output of one of the transactions and C is an output from the other transaction.

If you can get each chain to accept a different output (and you wait 10-20 confirms), then you have an coin available to spend with all your other coins.

If it happens that the transaction ends up on both chains, then you haven't improved things.

Having said that, it is probably best to wait until someone has a safe/user friendly way to do it.  You should keep you money stationary from July 31 for a few days at least.

Thank you very much for that detailed answer. I will however do as you say and hold off until a few days after the 31st.
3  Alternate cryptocurrencies / Altcoin Discussion / How to access Bitcoin Cash after Aug 1 on: July 25, 2017, 12:18:04 PM
Lets say I have 1 bitcoin in my exodus wallet. From what Im understanding, on Aug 1, I will then have 1 bitcoin and 1 bitcoin cash. Is that correct?

If so, how will it actually look like inside the wallet. How can I access that 1 bitcoin cash and for example, sell it off or exchange it?
4  Economy / Speculation / Re: Buy before aug 1 or after? on: July 19, 2017, 02:46:23 AM
Im buying a little bit every day now now on the daily dips. I dont think we will see it much cheaper than this if everything goes as it should from now on. For those who are informed, if the days following July 21 goes as planned price will go up a bit over 2500 (it was up to 2385 just 6 hours ago). Most people does not know about July 21 and only about August 1st and therefore, the big pump or dump will happen on that date and the days following. Whatever happens I think it will go fast in either direction.
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