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I chose waiting tactics. Im reluctant to believe there will be fast free money drop on every bitcoin holder.
It just can't work like that. people who bought bitcoin in recent days just to get BTH/BCC are likely to lose or will have to wait for some time.
Im curious what will actually happen
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You'll get many opportunities to play volatility today and following few days.
this is not it yet,
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Jihan Wu dumped 3K bitcoin on bitfiniex in 5 mins. Only 1% damage. He will see what a real dump is on his BCC on 1 Aug  does it mean he has some 10m dollars or maybe more sitting there, ready to buy/support/pump BTH?  |
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6 days is nothing, I've been waiting for 2 weeks or more already  2 weeks for what? It's not true, I use Cryptopia two or three times a week.. And you could contact the support because they are quite efficient to deal with customers support you're wrong: its ORB wallet Status: Maintenance
Unfortunately we are unable to process your withdrawal at this time.
Status: Maintenance
Reason: Wallet defragging i bought 500 coins and wanted to do PoS mining, but its still sitting on the exchange after 2 weeks, because i cannot withdraw them. |
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6 days is nothing, I've been waiting for 2 weeks or more already |
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As the price of BCC is now priced into the current price of BTC
Pre Fork BTC = Post Fork BTC + Post Fork BCC
So the real price of BTC is currently 0.885 * $2741 = $2425
(obviously the price of BCC is not real yet)
I agree. Recent move up was probably caused by speculation that they can get more money from having BTC on aug1st and getting BCC or BCH whatewer. Thats likely also what caused most major altcoins significantly declining against bitcoin. - people selling part of their alts investments for bitcoin to get additional bcc. I dont think its a wise move doing it now. i suspect that the formula can easily turn out like this in the end: Pre Fork BTC > Post Fork BTC + Post Fork BCC. It will be interesting, but this will likely turn out to be losing tactics - no free money from nowhere + also margin traders can be changing their collaterals from fiat/alts to BTC as well to get "free bcc" - another factor pushing price up. |
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looks like finex will credit bch [bcc] using "socialized distribution coefficient" Bitcoin Cash (BCH) Token Distribution
July 27, 2017
A minority of Bitcoin miners will be forking on August 1st, 2017 to create a new chain called Bitcoin Cash. The fork does not impact Bitcoin balances, but it creates a new token. At the time of the fork, all Bitcoin addresses holding a balance will automatically have equivalent balances in Bitcoin Cash.
There has been a variety of responses by the community about how to handle this new token. After a significant show of interest from our customers, we have decided to take steps to facilitate the distribution of Bitcoin Cash balances to those holding a settled Bitcoin balance on Bitfinex. We may also list markets for this new token, but that decision will be made after the fork event.
Although we see this token referred to as BCC on other platforms, unfortunately, that ticker symbol is already in use on our platform by the chain-split token representing Bitcoin Core. As such, we plan to use BCH as the ticker symbol and “Bcash” as the descriptive name to avoid confusion with Bitcoin.
Although several months ago, we developed a methodology for handling contentious hardforks, we will be applying a different methodology for what we regard as a spurious forking of the Bitcoin project with little mining support. Although we have not supported such Bitcoin UTXO-based distributions in the past (Stellar Lumens, Clams, etc.), we will support the distribution of Bitcoin Cash due to significant customer interest.
Distribution Policy
BCH will be distributed to settled bitcoin wallet balances as of the UTC timestamp of the first forking block, which is expected to occur on August 1st, 2017.
The token distribution methodology will be:
All BTC wallet balances will receive BCH
Margin longs in BTC/USD and margin shorts in XXX/BTC will not receive BCH
Margin shorts in BTC/USD and margin longs in XXX/BTC will not pay BCH
BTC Lenders will receive BCH
Due to the net amount of BTC committed in margin positions at the time of the fork, the above methodology may result in Bitfinex seeing a surplus or deficit of BCH. As such, we will be resolving this discrepancy in the form of a socialized distribution coefficient. For example, currently, there are more longs than shorts on the platform, causing a distribution coefficient of ~1.091 (Meaning that for each qualifying BTC a user will receive 1.091 BCH). The actual coefficient will be calculated at the moment of the distribution. Please note that if there are more shorts than longs at the fork event, this coefficient will be less than one. This coefficient can be roughly computed from publicly available information from our API (longs & shorts) and the Blockchain (cold storage).
We recognize that this model is not perfect, but given the short time frames imposed upon us, better choices are not available. It would be an undue burden to create negative BCH balances for BTC/USD shorts and XXX/BTC longs. Furthermore, lenders may be locked in for up to 30 days and would be adversely impacted. In the end, we believe that this solution creates the least amount of disruption and facilitates a timely distribution of BCH.
Margin longs who wish to receive BCH should consider either claiming some or all of their position or exchanging and holding BTC collateral in their margin wallet as opposed to other assets. We hope to make withdrawals available soon after the fork, assuming everything is fine with the BCH blockchain.
Once again we want to reassure our customers that your bitcoin is safe and this event will not affect your bitcoin balances, positions, or loans - you will simply be receiving an additional token balance based upon the aforementioned methodology.
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BTCe still flatlining? lol
Waiting for that dull bitcoin moment...
lets hope they are not in search of missing bitcoins. Gox-e is the last thing we need now |
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Can someone explain me Why for godsake
eternal greed and lust for power |
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In case split happens, both sides will be losing sides
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Anyone sold at the bottom? What a scam.  not me, I didn't buy yet  |
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I have the same problem  edit> it was just temporary issue, 10 minutes later i am able to sign in |
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No, no. No hard forks.
Yes, yes. Yes hard fork.  fork To Da Moon!!!  |
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Shit comes in many forms..
This has nothing to do with bcc , bitcoin cash by VIA
hmmm Im trying to find out how to make some profit out of this (as i was left without btc because of recent fast pump) I'll figure this out within few days, give me some time |
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there will be hardly anyone to dump those split tokens onto.
current orderbook at finex: [and i doubt it would be much different in case of split]
bccusd:
2 2.0 2.0 2,329
1 0.0 2.0 2,300
1 2.0 4.0 2,227
1 0.0 4.0 2,000
1 0.0 4.1 1,729
1 0.0 4.1 1,720
1 0.0 4.1 1,600
1 4.9 9.0 1,500
2 22.3 31.4 1,370
........
1 0.1 32.7 3
bcc/btc:
1 5.0 5.0 0.900
1 0.1 5.1 0.8712
1 0.0 5.1 0.8610
4 9.3 14.5 0.8550
2 5.0 19.5 0.8500
1 0.0 19.5 0.8143
......
1 0.0 24.6 0.1100
1 1.0 25.6 0.0920
1 10.0 35.6 0.0141
1 22.0 57.6 0.00023
1 31.0 88.6 0.00022
1 44.0 132.6 0.00021
1 496.1 628.7 0.00020
2 4,000.0 4,628.7 0.00001
1 2,000.0 6,628.7 0.000006
1 2,000.0 8,628.7 0.000005
1 2,000.0 10,628.7 0.000004
2 4,000.0 14,628.7 0.000002
12 24,000.0 38,628.7 0.000001
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yeah sounds good survivors will gather coins from those who die :p or at least their holdings value will rise |
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spread some more good quality FUD, i need cheep coins to buy |
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ok, thanks I'll give it a try then |
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bitserve: actually you scared me into thinking about temporarily withdrawing at least half of the funds from exchange - that would mean buying some coin at current price though, as im in fiat after missing bitcoin rally train. to withdraw or not to withdraw. that is the question ugh If you only have a minimum amount of BTC on exchanges IN RELATION to you total holdings, then it is somewhat ok, especially if you plan to trade the volatility. FIAT is somewhat safe.... unless mtgoxed/bitfinexed.... Anyway, I don't know... I am just on the verge of settling the remaining of my margin long position at kraken thanks to the profits from the past two weeks. This same night if everything goes as expected. From that point on I will be playing safe, but not sure if I will withdraw the remaining BTC or keep trading. Ok, Ill think it over, but probably will take a risk. In case of increased volatility, there will be an opportunity to make some profits and/or buy some bitcoins cheaper. ..and I'll have to hope, that finex is not the one short of bitcoins |
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