Bitcoin Forum
May 24, 2024, 05:30:02 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Possibility of lost coins after August split.  (Read 995 times)
zahra4577 (OP)
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
July 16, 2017, 11:45:47 AM
 #1

If bitcoin is splitted after August,and someone send the btc to some other btc address during this period, will those in trasit btc lost for ever?

Anirudhsoni
Newbie
*
Offline Offline

Activity: 9
Merit: 0


View Profile
July 16, 2017, 11:47:06 AM
 #2

Yeah i think so just dont do the transaction on 31st july and 1st august because there are chances of btc vanish )
CryptonomyCapital
Member
**
Offline Offline

Activity: 86
Merit: 10


View Profile
July 16, 2017, 11:55:17 AM
 #3

No, all trasactions will be done, even in case of split your transaction will stay in one of the chains.
ranochigo
Legendary
*
Offline Offline

Activity: 2982
Merit: 4193



View Profile
July 16, 2017, 11:59:59 AM
 #4

If bitcoin is splitted after August,and someone send the btc to some other btc address during this period, will those in trasit btc lost for ever?

No. You can broadcast the transaction on both of the chain and when either of the chain dies off, the transactions will still be there. However...

If the coin were to be sent during this period, the transaction is also susceptible to replay attack which both of the coins in both of the chains will be spent to the same address. This could result in the loss of money if both fork were to live on.

█████████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████
█████████████████████████
.
BC.GAME
▄▄░░░▄▀▀▄████████
▄▄▄
██████████████
█████░░▄▄▄▄████████
▄▄▄▄▄▄▄▄▄██▄██████▄▄▄▄████
▄███▄█▄▄██████████▄████▄████
███████████████████████████▀███
▀████▄██▄██▄░░░░▄████████████
▀▀▀█████▄▄▄███████████▀██
███████████████████▀██
███████████████████▄██
▄███████████████████▄██
█████████████████████▀██
██████████████████████▄
.
..CASINO....SPORTS....RACING..
█░░░░░░█░░░░░░█
▀███▀░░▀███▀░░▀███▀
▀░▀░░░░▀░▀░░░░▀░▀
░░░░░░░░░░░░
▀██████████
░░░░░███░░░░
░░█░░░███▄█░░░
░░██▌░░███░▀░░██▌
░█░██░░███░░░█░██
░█▀▀▀█▌░███░░█▀▀▀█▌
▄█▄░░░██▄███▄█▄░░▄██▄
▄███▄
░░░░▀██▄▀


▄▄████▄▄
▄███▀▀███▄
██████████
▀███▄░▄██▀
▄▄████▄▄░▀█▀▄██▀▄▄████▄▄
▄███▀▀▀████▄▄██▀▄███▀▀███▄
███████▄▄▀▀████▄▄▀▀███████
▀███▄▄███▀░░░▀▀████▄▄▄███▀
▀▀████▀▀████████▀▀████▀▀
joebrook
Sr. Member
****
Offline Offline

Activity: 644
Merit: 259

CryptoTalk.Org - Get Paid for every Post!


View Profile
July 16, 2017, 12:05:57 PM
 #5

If bitcoin is splitted after August,and someone send the btc to some other btc address during this period, will those in trasit btc lost for ever?

That's really bound to happen,  it's really advisable not to make any transaction a day before and about a few days after August 1 if you don't want to lose any money .

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
YoBit AirDrop $|
Get 700 YoDollars for Free!
🏆
BCTalkaccountforsale
Full Member
***
Offline Offline

Activity: 308
Merit: 101



View Profile
July 16, 2017, 12:07:05 PM
 #6

If bitcoin is splitted after August,and someone send the btc to some other btc address during this period, will those in trasit btc lost for ever?

I think this is worrisome, but I think it will be okay because all transactions will be done safely, you can rest assured you will not lose a penny, trust it.
jerowacik
Legendary
*
Offline Offline

Activity: 1162
Merit: 1000



View Profile
July 16, 2017, 12:15:06 PM
 #7

If you see the current guide. Each address will only refer to one existing bitcoin sytem. So you do not worry about the issue of bitcoin delivery. However it is recommended for all bitcoin users not to engage in any actions, including transactions until further information states that the use of bitcoins is safe and normal to do. All this is done to avoid bad things that possibly could happen.
hajimasan
Hero Member
*****
Offline Offline

Activity: 882
Merit: 500



View Profile
July 16, 2017, 12:19:25 PM
 #8

If bitcoin is splitted after August,and someone send the btc to some other btc address during this period, will those in trasit btc lost for ever?

I think it may happen anything because during the forking process , to make transaction will be the experiment with your Bitcoin in the network .
Here you should know about the official announcement that don't make send or receive of the Bitcoin to anyone before the night of 1 August and after it until the official announcement that everything got good or we need to make some manual change .
So overall you should not make any transaction in this period of the time .
But if you will make the send of btc then probably that can be split into to or may down the amount or may be non availability of the network results into Loss of the Bitcoin in the network .
So avoid himself from such types of the experiments .
amacar2
Legendary
*
Offline Offline

Activity: 1120
Merit: 1007

CryptoTalk.Org - Get Paid for every Post!


View Profile
July 16, 2017, 12:22:58 PM
 #9

If bitcoin is splitted after August,and someone send the btc to some other btc address during this period, will those in trasit btc lost for ever?

You can take ETH and ETC for example, both have similar addresses but if you send ETH to ETC address you will not get any ETC there but you can use private key of that ETC address (if you have) to move ETH out of it.

It is advised to not move any coin during first few days of august, you might actually lost your bitcoin at the time of splitting or segwit activation. Read more here https://bitcointalk.org/index.php?topic=2017191.0

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
xFiber
Sr. Member
****
Offline Offline

Activity: 336
Merit: 252



View Profile
July 16, 2017, 12:33:32 PM
 #10

If bitcoin is splitted after August,and someone send the btc to some other btc address during this period, will those in trasit btc lost for ever?

Just to be safe I'd recommend holding your bitcoins till atleast 1 week after the event. If there would be any split it could take a couple weeks (I was said that it took 2 weeks for ethereum to split). Also makes sure you don't store your coins on an exhcange or a 3rd party wallet. Always make sure you have your private keys.
rhamzter
Sr. Member
****
Offline Offline

Activity: 420
Merit: 282


View Profile
July 16, 2017, 12:34:39 PM
 #11

We started to feels the effect of segwit, if you review the fluctuation of bitcoin and other altcoins in graph you can see that all crytocurrencies were started to decrease their price. But I still hold my bitcoin because I believe that after August splits all will come back to normal.
pisston
Sr. Member
****
Offline Offline

Activity: 630
Merit: 250



View Profile
July 16, 2017, 12:38:00 PM
 #12

We started to feels the effect of segwit, if you review the fluctuation of bitcoin and other altcoins in graph you can see that all crytocurrencies were started to decrease their price. But I still hold my bitcoin because I believe that after August splits all will come back to normal.
The main thing is to keep your coins in on purses and do not conduct any manipulations during this period. Because all the transactions that will be conducted will be subject to all risks and you will be able to lose your coins. It seems to me that Bitcoin is the only one as the Weakest link in this regard. Well that No altcoin is immovable To this risk. Therefore, I transferred my Bitcoin to an alternative coin.
Golftech
Hero Member
*****
Offline Offline

Activity: 2128
Merit: 520


View Profile
July 16, 2017, 12:45:25 PM
 #13

its still better not to deal or to do any transactions if its still avoidable since we really can't say if that transaction will be affected even there's some information which said that it will not be affected its better to be safe than to have some issue after, ill be checking it out maybe some enlightenment
before the fork happen.
Kprawn
Legendary
*
Offline Offline

Activity: 1904
Merit: 1073


View Profile
July 16, 2017, 01:55:34 PM
 #14

Just wait a few days after the split... if it actually split. You will have coins on both chains, but the coins on the longest chain will be the coins

that hold it's value. The only way for you to choose, is to have control over the private key. If you coins is in a service where you do not have the

private key, you will have to go with whatever route they take.  Roll Eyes

THE FIRST DECENTRALIZED & PLAYER-OWNED CASINO
.EARNBET..EARN BITCOIN: DIVIDENDS
FOR-LIFETIME & MUCH MORE.
. BET WITH: BTCETHEOSLTCBCHWAXXRPBNB
.JOIN US: GITLABTWITTERTELEGRAM
YOYOY
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile
July 16, 2017, 02:29:11 PM
 #15

For me I think it is, but lets just wait some result and some possible announcement of what it might be and with that we can say it on our own that it really happened. Right now I am just waiting for some updates regarding to the segwit and their reminders to the public if what will really will happen at that moment on.
ahmedjamal1998
Hero Member
*****
Offline Offline

Activity: 714
Merit: 537


View Profile WWW
July 16, 2017, 02:58:28 PM
 #16

Theoretically, it's possible. But why are you talking as if the split is something that's going to happen for sure?
There's still 14 more days to go!

Any way if you're really worried don't make any transactions until everything is settled down.
Make sure you have the private keys to the wallet where you have your bitcoins (don't use an online wallet that doesn't offer that )
eaLiTy
Hero Member
*****
Offline Offline

Activity: 2814
Merit: 911

Have Fun )@@( Stay Safe


View Profile
July 16, 2017, 03:02:09 PM
 #17

We started to feels the effect of segwit, if you review the fluctuation of bitcoin and other altcoins in graph you can see that all crytocurrencies were started to decrease their price. But I still hold my bitcoin because I believe that after August splits all will come back to normal.
Yes the entire market is crashing and we lost billions of dollars in the entire crypto currency market in the past few days,i really hope it will rebound when the dust clears up and i am really optimistic about it and we might see more rallies at the end of this year probably,just hoping for the best to happen for bitcoin and i am following the news carefully.
Ayers
Legendary
*
Offline Offline

Activity: 2632
Merit: 1024


Seabet.io | Crypto-Casino


View Profile
July 16, 2017, 03:02:20 PM
 #18

If bitcoin is splitted after August,and someone send the btc to some other btc address during this period, will those in trasit btc lost for ever?


they are not lost they just go on another chain, if that chain will be operative and accepted in the exchange, you can trade those coins like they are an altcoin i believe, you never lose anything but you have coins that are less valuable

Minionnn
Full Member
***
Offline Offline

Activity: 204
Merit: 100



View Profile
July 16, 2017, 03:15:05 PM
 #19

If btc is split, btc still exists and so btc transactions will not lose any btc, but btc prices will certainly decrease.

BillyBobZorton
Legendary
*
Offline Offline

Activity: 1204
Merit: 1028


View Profile
July 16, 2017, 03:21:34 PM
 #20

Easy 4 step tutorial to get your coins safe after august possible split:

1) Download bitcoin core from www.bitcoin.org
2) Move all your bitcoins there
3) Wait for the possible split to happen
4) Don't send or receive coins (if you want to, then extra steps are needed:)

5) Download a full node for whatever chain you want to operate in (BIP148, segwit2xcoin, whatever) then you will be able to access these coins to and create addresses that will go there to receive coins on any chain you want

Yes, it sucks to have to spend so much space on your hard disk running different chains, this is thanks to miners that didn't activate BIP141 to not cause all this mess.
Pages: [1] 2 »  All
  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!