Bitcoin Forum
May 29, 2024, 12:24:39 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: BCH ... can anyone answer some questions  (Read 343 times)
paytplay (OP)
Full Member
***
Offline Offline

Activity: 147
Merit: 100


View Profile
August 02, 2017, 10:42:08 AM
 #1

First of all, sorry to make another thread about this coin. I know there are tons of them already.

I cant understand.....           

where did the coin get a monetary value from in the first place, did i miss an ico or something?

If BTC was need to get bch, what happend to all the lost BTC, what happens to all that bch, is it trackable or backdoor money for someone?

If everyone dumped altcoin for BTC to get bch, that means there is approx 7 billion in bch funds that can flood back into other altcoins of the persons choice, Right?

So really, is this the craziest shit you folks have ever seen or what
BTCLovingDude
Legendary
*
Offline Offline

Activity: 1134
Merit: 1010

BTC to the moon is inevitable...


View Profile WWW
August 02, 2017, 11:03:16 AM
 #2

the value always comes from supply and demand. and in the first release the order is always placed as high as possible then it comes down slowly and reaches equilibrium. for example as the market opens you place 1 order to see your coin at 10000BTC for each!!! then the next guy puts it on 100BTC each and slowly it comes down to logical numbers.
true for all the coins ever listed on exchanges the first time.

and as for supply, the deposits are closed on exchanges so if you want to sell your coin you can not do it for the time being and have to wait.

as for your other question. BTC and BCH are two separate chains and two different cryptocurrencies now. bitcoin is still the same bitcoin as before and is continuing the way it was. nothing has changed and nothing is going to be lost.
thing of BCH as one of these altcoin airdrops. for example like Stellar. they give bitcoin holders a same amount on their own chain and of their own coin.

--looking for signature--
Route66Retro
Member
**
Offline Offline

Activity: 80
Merit: 10

Bitcoin chick


View Profile
August 02, 2017, 11:14:20 AM
 #3


and as for supply, the deposits are closed on exchanges so if you want to sell your coin you can not do it for the time being and have to wait.


Just and FYI - I just sold my BCH (BCC) for USD on Kraken.

Losing is not my enemy...fear of losing is my enemy.  -Rafael Nadal
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!