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Author Topic: Bitcoin and Bitcoin Classic  (Read 1339 times)
virtualdn (OP)
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June 18, 2017, 11:15:33 AM
 #1

OK, let's assume after August 1 this happens and we will have both coins.

I have 2 questions please:

1. Which one do you think will preserve the higher value?  
2. Are you going to invest into the one with lower value then switch back for extra returns?

My answers:
1. Bitcoin
2. I'd buy some Bitcoin Classic only to exchange it into Bitcoin again later

Thanks!

1 BTC = 1 BTC
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June 18, 2017, 11:23:50 AM
 #2

I believe that UASF is going to win. If you are looking for make profit using both chains, just make sure you have control over your private keys and running a full node.

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June 18, 2017, 11:56:04 AM
 #3

OK, let's assume after August 1 this happens and we will have both coins.

I have 2 questions please:

1. Which one do you think will preserve the higher value?  
2. Are you going to invest into the one with lower value then switch back for extra returns?

My answers:
1. Bitcoin
2. I'd buy some Bitcoin Classic only to exchange it into Bitcoin again later

Thanks!

I believe BTC will preserve a higher value over BTCC/BTU due to Segwit having more supporters by a good amount (I think). But I'm  kinda thinking that it will be a bit close in the start, like 60-40 in ratio.

2. This is quite a difficult decision for me. If the price ratio would be like 80:20, then I would go with the higher for sure. If the ratio is close? Not sure yet.

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June 18, 2017, 11:59:20 AM
 #4

OK, let's assume after August 1 this happens and we will have both coins.

I have 2 questions please:

1. Which one do you think will preserve the higher value?  
2. Are you going to invest into the one with lower value then switch back for extra returns?

My answers:
1. Bitcoin
2. I'd buy some Bitcoin Classic only to exchange it into Bitcoin again later

Thanks!

I believe BTC will preserve a higher value over BTCC/BTU due to Segwit having more supporters by a good amount (I think). But I'm  kinda thinking that it will be a bit close in the start, like 60-40 in ratio.

2. This is quite a difficult decision for me. If the price ratio would be like 80:20, then I would go with the higher for sure. If the ratio is close? Not sure yet.

lol

the OP is talking about legacy bitcoin (as it is today) vs the split of the august 1st bip version.
nothing related to software 'brands'..

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Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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June 18, 2017, 12:02:54 PM
 #5

i don't remember what these kids are calling the new possible split coin but it is certainly not called classic (they are calling it either JihanCOin or BitmainCoin). and the other is UASF coin. and the current bitcoin is bitcoin!

and don't be so sure about prices if an split happens because you are not considering all the panic and FUD on all the chains, doesn't matter which side you are on! and not to mention all the manipulative dumps.

you should either do something or sit and pray that a split doesn't happen Wink

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June 18, 2017, 12:06:32 PM
 #6

what is bitcoin classic?

do you mean bitmaincoin?

if you do then i regard it as completely worthless so i'll be getting rid of it as quickly as possible. if it wins out i'll also regard bitcoin as a failure.
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June 18, 2017, 12:09:35 PM
 #7

i don't remember what these kids are calling the new possible split coin but it is certainly not called classic (they are calling it either JihanCOin or BitmainCoin). and the other is UASF coin. and the current bitcoin is bitcoin!

and don't be so sure about prices if an split happens because you are not considering all the panic and FUD on all the chains, doesn't matter which side you are on! and not to mention all the manipulative dumps.

you should either do something or sit and pray that a split doesn't happen Wink

august 1st became a date where one of the bscartel bips chose to start biasedly orphaning blocks to fake segwit support.. if miners chose to go for it..that chain will be BScoin


then there is the nodes that WONT biasedy orphan blocks which is bitcoin as it is today..

but if the bscoin does get some hashrate, then there will also be a altcoin aswell (separate from bscoin) which will be the bitmain altcoin

so if there is hashpower behind the bscartel crap.. things can split 3 ways

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June 18, 2017, 12:12:38 PM
 #8

I believe that UASF is going to win. If you are looking for make profit using both chains, just make sure you have control over your private keys and running a full node.

I hardly doubt you could make any profit (in $ terms) if the split happens. Price of bitcoin (and the entire cryptocurrency market) would most likely tank hard.
Moreover, Bitcoin's main (only?) advantage over altcoins is the largest network/number of users, which will be severely crippled after the split, and with lots of traders escaping into altcoins, Bitcoin will almost certainly lose its Number 1 spot, which could be the end of it. It's completely different than the bilateral ETH/ETC split.

It's worth to note that we could even see a 3-way split: UASF/legacy chain/Bitmain & Co fork.

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June 18, 2017, 12:20:46 PM
 #9

the OP is talking about legacy bitcoin (as it is today) vs the split of the august 1st bip version.
nothing related to software 'brands'..
I would like to hear your thoughts about it,will there be a split or we will be able to get through with the upgrade without any issue.What ever may be the case i would stick with bitcoin and if there is a split i would happily sell them off for bitcoin because the fake chain wont last.
EDIT : Damn a three way split.  Shocked
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June 18, 2017, 12:39:15 PM
Last edit: June 18, 2017, 12:51:03 PM by franky1
 #10

the OP is talking about legacy bitcoin (as it is today) vs the split of the august 1st bip version.
nothing related to software 'brands'..
I would like to hear your thoughts about it,will there be a split or we will be able to get through with the upgrade without any issue.What ever may be the case i would stick with bitcoin and if there is a split i would happily sell them off for bitcoin because the fake chain wont last.
EDIT : Damn a three way split.  Shocked

technically
the main bitcoin would grow..
this is because instead of selling the main bitcoin for dollars (usually causing price to go down)
people who dont wont the main bitcoin wont sell it for dollars.. instead they sell it on the splits orderbooks instead.
thus less tanking of the main orderbook<>usd... and instead more volume on the main<>splits orderbooks

but... speculation over-rules technicals
knowing how day-traders work
speculation will make people arbitrage between the splits and main trying hard to get the splits to have value by doing arbitraging.. so it can go any way, due to speculation. it all depends what the exchange owners and arbitraging traders want to play it

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Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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June 18, 2017, 12:46:00 PM
 #11

If the split happens, if you have bitcoin in your wallet, you'll have then both right? Which ever succeed in the future, you'll succeed too. It might turn out like etc and eth, eth have higher price but etc is still alive and gaining some price too. I think, I'll have them both and wait out which will come up in the top.
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June 18, 2017, 12:53:17 PM
 #12

If the split happens, if you have bitcoin in your wallet, you'll have then both right? Which ever succeed in the future, you'll succeed too. It might turn out like etc and eth, eth have higher price but etc is still alive and gaining some price too. I think, I'll have them both and wait out which will come up in the top.

don't even compare bitcoin with ethereum!
ethereum had deep pockets behind it's ETH chain they had 72 million coin! and a lot more money to throw at the project. and they did, they throw money at the ETH chain and throw their premined coins at ETC chain and used the money to throw at ETH chain some more.
there won't be same situation with bitcoin.

but yeah you will have both!

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June 18, 2017, 12:54:39 PM
 #13

A 2 way split is bad enough.

A 3 way split is disastrous.

Honestly too many fuckwits in the Bitcoin community behaving like mindless sheep.

Others want to change Bitcoin to suit their perverse agendas and greed.

Just follow the whitepaper and there would have been no drama, infighting and higher BTC price.


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June 18, 2017, 12:59:55 PM
 #14

Most people think that they will have a real choice in the matter. You will obviously support the coin that are widely supported by merchants and also the

exchanges you normally use. The BitMainCoin will not get a lot of support, but it will have a lot of hashing power backing it. I will go with the flow and

use the coin that are supported by the majority of the services. No use supporting a coin that are not accepted for payment everywhere.  Roll Eyes

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June 18, 2017, 01:13:17 PM
 #15

The BitMainCoin will not get a lot of support, but it will have a lot of hashing power backing it.

how much hashing power does Bitmain have?
i can't find "Bitmain" on the pools: https://blockchain.info/pools
but google tells me they control AntPool with ~17% hashrate, am i correct? or is there more?

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June 18, 2017, 01:17:15 PM
 #16

If the split happens, if you have bitcoin in your wallet, you'll have then both right? Which ever succeed in the future, you'll succeed too. It might turn out like etc and eth, eth have higher price but etc is still alive and gaining some price too. I think, I'll have them both and wait out which will come up in the top.

Things might develop according to a different scenario, though

If two Bitcoins are more or less equal financially, we may see an all-out war starting between the parties. Since every party will have their coins doubled (or even tripled), there will be a great incentive to dump the coins of the opposing party (parties). That would be like exchanging nuclear strikes, and the outcome may be that no party survives in the end, i.e. the price of any Bitcoin out there will crash dramatically. That's why Bitcoin may turn toxic, and people will stay away from it at all costs

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June 18, 2017, 01:22:05 PM
 #17

Actually i don't agree with bitcoins and bitcoins classic, it will be two comunity of bitcoins
We can see about comunity of ethereum and ethereum classic,
That is bad example but if there are no another solution for bitcoins to be better
 i will follow the ecosystem of bitcoins and see which are the best coins to be invested.
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June 18, 2017, 01:31:10 PM
 #18

A 2 way split is bad enough.

A 3 way split is disastrous.

Honestly too many fuckwits in the Bitcoin community behaving like mindless sheep.

Others want to change Bitcoin to suit their perverse agendas and greed.

Just follow the whitepaper and there would have been no drama, infighting and higher BTC price.



It is very confusing right now! I have seen many Segwit Proposals but all are just Segregated Witness, the BIP141, BIP148, BIP149, BIP91, and BIP106 but maybe there is something that they want to make, well all this Bigblockers just really want is to control bitcoin, but let's just see if what really happen I think I would prefer to support Segwit I think they have a potential in every aspects and their proposal was pretty detailed, but I wish the Split would not really occur I am very fond in what is bitcoin right now and I don't really want to change anything anymore.

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June 18, 2017, 01:32:24 PM
 #19

No use supporting a coin that are not accepted for payment everywhere.  Roll Eyes
thats what matters most.. many people think its about price.. long term its about what bitpay / coinbase offer as the coin thats acceptable to their merchant tools/shopping cart API

as for the exchanges.. pretty much all the coins will be on all the exchanges

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June 18, 2017, 01:36:39 PM
 #20

I still believe on bitcoin even any problem about their fees and confirmation transactions unresolved. When bitcoin classic is really created, it will not be a regular coin payment like bitcoin are. It's​ only will be a speculation asset. Imho
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