We have forked it already at yobit.net and every users with BTC already gotten BCC equally. free money lol. Yep, actually have an interesting price on Yobit  yeap it was surprising and very good this morning. i saw out of nowhere that i had a new balance in my Yobit account and dumped the tokens as fast as possible on a high price and bought bitcoin with them  now i am glad that i am still receiving my signature campaign payment there. i have also made a withdrawal and now have bitcoin in my wallet which i will receive BCC for: double dump... |
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good question and i think the only person who can answer this is the exchange owners themselves!
technically they must consider total available bitcoin balance, even if it is in open orders to buy something you are still holding bitcoin.
for example if you place a buy order to buy LTC at 0.0000001BTC, you are holding bitcoin in their exchange.
but they may have weird settings that can cause problems.
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#1.possibly a sharp rise in the first day because the appearance of BCC ? you mean on 1 August ? that won't happen in my opinion because,likely a possible movement in Bitcoin market was a downward movement.Reason : BCC created based on Bitcoin chain so how much we will get based on our balance in our wallet,many people take this time as their opportunity to maximize their profit.that mean somepeople likely will pump it before get out of it.
right now price is about $300 per BCC and if you have 10 bitcoin you can nearly get 1 bitcoins worth out of this. and about the pump i have to say there will surely be a pump but it would be impossible to do so in the first couple of weeks because all that time people will be dumping, it takes time for some people to do it, or to find the best way of doing it. and when the dumping slows down depending on the price of that time (the bottom) no amount of pump may work on it. so far BCC has come down about $600 from its ATH when ViaBTC started the market and that is a -66% drop pre-launch!! #3.Upward movement will continiou,but we will see another downward first before upward movement.it's a cycle of the economy,(normally happens ? you mean like before,without a huge dump like 2014ish ? yeah more likely )
i don't think there will be any sharp drops. the drop was tested twice in the past month. first one was big down to $1850ish and the second one was only down to $2400ish. i see only rise specially after this: http://www.businessinsider.com/bitcoin-price-goldman-sachs-2017-7 |
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just be careful that your greed doesn't blind you!
trust is a very hard thing in bitcoin world and in order to be able to spend your new airdrops you need to download their wallet software, and like any new altcoin that comes out you must be extra careful about it.
if you lose your bitcoins because of using their buggy client nobody will compensate you. they will say it was a bug we can't do nothing for you!!
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because it is overly hyped up and you can get the hype-by-being-close-by effect imagine you create your ICO using another one of these good platforms (literary anything other than ETH) and advertise it saying my project is using .... platform. not that many will pay attention, specially when your ICO is crap. but even if it is crap you just say we are working with ethereum, (add some lies here like Vitalik working for us, approving, bullshit like that),... then you get yourself an easy pump. #FreeMoney #IdiotsBuyinICO |
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I'll correct option 2 - even if BCC/FIAT market will exist (it already does on ViaBTC), the volumes are going to influence this scenario, and ALTC/FIAT markets usually have very low volumes, comparing to ALT/BTC.
by market i meant a decent exchange not ViaBTC which is an unknown one that sprout out of nowhere recently and is highly untrusted. and also i believe it is not about the volume, it is about what people want. for example if they want fiat and there is no BCC/fiat market they have to sell to BTC then sell BTC for fiat. How about it ?
they are good, thanks for sharing. what i meant was in #1 the price of bitcoin will noticeably be affected by BCC in an upward movement, possibly a sharp rise in the first day. in #3 the rise continues as before, a slower rise and the same pattern that normally happens. Call it shitcoin all you want.
It properly solves scaling problems without the addition of bankster incentivised code.
People will realise soon enough BCC will never be this cheap again and sell their BTC for BCC.
i am almost certain that BCC will not only not-solve scaling issue but the problems that it will have in the following months are countless. starting with time between block, orphan rate, lost money, double spends and followed by ABC nodes shutting down and centralizing everything to a handful of people aka banksters take over. |
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i don't know how that worked for you when you send your ETH "after" the fork but with bitcoin that won't work. you need to either - send bitcoin to exchanges as you said for them to split it for you. and this is risky, your account can get hacked, the exchange can get hacked, they may even mess up and lose one chain! and say "sorry we lost it haha"!!! - or you split it yourself and then send the coins each on different chain to a different address that your exchange generates to dump BCC and buy BTC. Many of us are pretty sure that Bitcoin Cash (the forked altcoin) is not gonna have a high value and will eventually have a short life.
BCC either won't start at all or get attacked heavily, 51% attack, DDoS attacks, flooding the nodes, or even possibly the nodes crash simply because their code is rushed, buggy, untested, and changed a lot of things and is not prepared for a big block, or we may even see a big spam attack to shoot the block size to 8 MB and fill the blocks fast. remember the 200,000 unconfirmed transactions, and also see the massive number of UTXO sets these are ammunition for spam attackers... https://blockchain.info/charts/utxo-count |
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bitcoin cash will definitely be much slower when they fork. and that is because of the high difficulty of bitcoin. you will end up waiting for at least an hour for your transactions to be confirmed possibly a couple of hours. because they won't find any blocks.
and that will be the start of things.
in the future, if they get more hashrate they can find more blocks but as the price drops less miners will be willing to mine it so it remains low.
and low hashrate can even lead to attacks such as 51% attack because literary anyone with any hashrate can 51% it easily.
this all will last at least a couple of months and all this time bitcoin has SegWit, have been super fast and soon with LN it will have an additional ultra fast method of transacting money and also the price of it will break the $3600 barrier.
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the goldman sachs prediction about bitcoin price came true when they said price will drop down below $2000. now they have made a new speculation about it saying price will rise up to $3600 and if you read the details and take a look at the analysis you can see how it makes very good sense. here is the link: http://www.businessinsider.com/bitcoin-price-goldman-sachs-technical-analysis-2017-7and bitcoin most probably had already the "swings" she was talking about. |
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as you may know bitcoin cash hard fork on August 1 is a possibility to happen and a couple of exchanges said they may add it.
from what i have been hearing, people will treat it mostly like any other airdrop altcoin and will start selling.
in this topic i want to explore the scenarios that may happen because of it.
1. people sell BCC to fiat and use that fiat to buy bitcoin or at least use some part of that fiat to buy bitcoin and bitcoin price rises. which is already rising and this can be in anticipation of that.
2. this scenario only works under one condition: there should be NO BCC/USD market and only BCC/BTC market. in which case people may sell their BCC for BTC then sell that BTC or part of it for fiat and that may cause some dips in bitcoin price.
3. it doesn't matter at all. bitcoin price is already rising, nobody is taking BCC seriously and bitcoin price will continue rising because it had all its FUD and downtime already and SegWit is coming...
i say #1 is the most probably scenario. tell me what you think?
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-snip-
oh of coarse yes that changes everything thank you so much for showing me the light.
why do i fee a strong sarcasm in this  |
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well, good news for you is that this limit that you are talking about is NOT 21 million bitcoin. it is 2,100,000,000,000,000 units based on what code says and that unit is called satoshi and is more than enough to sustain any kind of "overwhelming support" I would have no issue changing the code to allow a 1 bitcoin reward for every block forever... to ensure a strong distributed mining community.
take a look at Dogecoin and see what this kind of distribution did to it. |
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these Cash supporters are not only insulting everyone involved with bitcoin but also they are abusing the name or brand of bitcoin with their fork. and that is the answer to your question. because they want to abuse bitcoin's name otherwise it is obvious that the best course of action would have been to start a new chain from zero.
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it wasn't ineffective but it wasn't as effective as you think either.
gambling sites are one of the many types of businesses that are working with bitcoin. and obviously they have certain customers and that customer buys bitcoin to spend it there.
but it is not everyday you see people gamble, and certainly not everyone gambles with bitcoin. and there are so many more reasons for "value of bitcoin" that gambling is lost among them.
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I doubt it, there are different things going on now that will push down the price. The negative sentiments regarding BTC-e and the arrest of the owner and the lost coins and also AlphaBay coins that are not being used. We normally see a cool down period when exchanges gets hacked or coins seized or even illegal markets being closed. I think we might see $3000 in about 2 months from now, when the scaling issues has been dealt with. $3600 is very optimistic.  the article is saying exactly what you are saying  she speculates about a period of fluctuations until this "new wave" starts and price breaks the ATH and reaches the $3691 as the previous resistance breaks. here is the better version of the article: http://www.businessinsider.com/bitcoin-price-goldman-sachs-technical-analysis-2017-7 |
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the only thing that is clear is the fact that Bitcoin Cash shills are starting to become desperate. too desperate if you ask me. and the desperation will only grow as the price of their altcoin fork drops lower and lower each day we get closer to the deadline.
just try not to lose your head when price of your altcoin dropped -80% in the first week.
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It's still a fake bitcoin.
The only real one is bitcoin unlimited infinity classic pwnzor plus with a 320tb block size.
no. the real bitcoin is not bitcoin unlimited, nor bitcoin classic, not bitcoin xt, nor bitcoin cash, nor any other names they will come up with in the future. the real bitcoin is what the majority of the network accepts as bitcoin with certain consensus rules and the minority (meaning the handful of public figures trying the takeover) need to accept it and respect the majority even if they think they are wrong. This was pure humour mate ! Anyway, you need to make a distinction about what the majority is. If for you the majority means the miners, we are in a very bad situation, since there is near a monopoly on the ASICs production, and the only producer, that probably has thousand of units waiting to jump on Bitcoin Scam Cash, will be mining BCC... the majority is the combination of miners, developers, nodes, all the people owning any bitcoin, all the businesses that are working with bitcoin, all the service providers such as wallets, etc. and all of these are with bitcoin not bitcash or any alternative. and as a matter of fact miners are not interested in a forked altcoin. there is only ViaBTC which also has the coin listed on their self made exchange. even bitmain said ViaBTC is on their own and they are honoring the NYA with SegWit2x. and the miner's ASIC production is not free. their electricity is not free either. their taxes are not zero either the employee payments are not zero either the contracts they have to be able to mine are not free either. and all this needs a profitable operation on bitcoin with high price not an alternative chain with tokens worth $100 and falling. |
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BCC is currently shown at a valuation of 0.2 BTC on viabtc's futures market. Is this an artificial valuation or indicative of the actual value of the hard-forked coin?
I don't really think these quotations are indicative of anything Or informative of anything which would be worthy of serious attention (beyond just idle curiosity). Let's not forget that ViaBTC exchange is the same entity which created this Bitcoin Cash in the first place. That basically means that they can doctor the prices as they see fit. As to me, if this coin got somehow listed on any major exchange like Bitfinex, Btc-e, or Bitstamp, it would be quickly and irreversibly crushed to dust in less than no time. It people would use the proceeds to buy genuine Bitcoin well said. this is all manipulation at this point and i find it very funny that they couldn't manipulate the price any higher or even keep it high enough. the price has been falling ever since it was listed on that exchange. that just shows how big the dump and the fall will be if BCC is actually accessible. no matter what exchange lists it. the fact that ViaBTC suddenly because an exchange whereas it was always a small mining pool who also sold cloudmining contracts is another manipulation open for discussion. |
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It's still a fake bitcoin.
The only real one is bitcoin unlimited infinity classic pwnzor plus with a 320tb block size.
no. the real bitcoin is not bitcoin unlimited, nor bitcoin classic, not bitcoin xt, nor bitcoin cash, nor any other names they will come up with in the future. the real bitcoin is what the majority of the network accepts as bitcoin with certain consensus rules and the minority (meaning the handful of public figures trying the takeover) need to accept it and respect the majority even if they think they are wrong. |
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