Will you sell your BitcoinABC or hold on to it?

[adaseb]

If BitcoinABC gains some very small traction lets say it hits an exchange at $100 BCC/USD, would you sell your BCC or hold on to it for the future incase it overtakes the Bitcoin Core ?

I think we all sold our ETC when it magically appeared on Poloniex and we basically considered it as winning the lottery since we still got to keep our ETH and the ETC was a free bonus. However we all sold it very cheap and if we were patient then we would of gotten almost the same value as ETH during the split ($15 ETH/USD).

So lets say we sell our BCC very cheap. And then in 2-3 years, after all the bugs get sorted it it eventually overtakes BTC. And when it overtakes BTC might become lower than BCC.

Another issue with this is the BTC payments we receive AFTER the fork. Lets say we decide to hold BCC. But any payment we get after the fork, we will only get it on the main Bitcoin Core chain.

Then in 2-3 years, when BCC over takes BTC, we won't have the difference in BCC since it happened after the work.

EDIT:

You can sell your BCC coins now actually

https://www.viabtc.com/convert/bcc

[mudiko]

I believe we should wait before deciding what to do. Hardfork can be problematic which would make our legacy coins worth more. I see no guilt behind legacy coins that is why they can not be easily seen as worthless. By Ethereum there were issues before hardfork which made to sell ETC's not so stupid. Legacy Bitcoins have no such bad reputation and it would be definitely logical to keep it since ETC was also not as bearish as peoples prejudices.

[hatshepsut93]

Did Bitcoin Classic and Bitcoin XT surged in price already? Or achieved anything significant? Obviously no, and since ABC, Segwit2X, BU all have weak developers, those forks aren't going to succeed. Your comparison with ETH/ETC is entirely wrong, as the price of ETC increased as a part of altcoin bubble, it has showed 200-300% growth since Auguest, but ETH increased up to 600% in that time, so it's obvious now that it was better to sell ETC and buy ETH. Besides, it's wrong to extrapolate the outcomes of forks on other coins into Bitcoin, every situation is unique and has it's own driving forces.

[BlindMayorBitcorn]

I plan to do nothing for a few more years. Who knows.

[lombok]

I never stick to 1 coin. Because I am not an investor who holds the coin in the long run. In this forum also suppose there is a salary from a project is usually also directly in melt.

[digaran]

Hold on to what exactly a coin which only Bitmain is mining most of the coins by their asicboost and will be the largest pool having almost 100% of hash power controlling everything? hell no.

[xskl0]

I think do nothing is the best option

[Fishbones78]

I'll be dumping my BTC alternative within a week or so. I don't believe this fork will overtake Bitcoin Core. Core is the norm - a bit like Google. Core has so much media coverage and with it being the go-to crypto, I just can't see 01/08/2017 being its death.

[ImHash]

If there will be a split, did ETC miners change anything after the fork? but now they don't want to stay with the same version/code they want to fork with their own code, did you know if a hostile party ever wanted to damage bitcoin they would do the same thing as Wu? how do we know he's not working for some government to damage bitcoin? if the majority forks and the minority stays with the smaller chain without any code changing then I'd keep that kind of coin.

[xuan87]

I think the best option is to watch and observe, when the bitcoinabc appears we still don't know what will be the potential and then the price is also low, so you will only get extra few dollars, but when you hold it who knows in the future it can be expensive, you won't lost anything by holding it for a while

[williamuk]

If BitcoinABC gains some very small traction lets say it hits an exchange at $100 BCC/USD, would you sell your BCC or hold on to it for the future incase it overtakes the Bitcoin Core ?

I think we all sold our ETC when it magically appeared on Poloniex and we basically considered it as winning the lottery since we still got to keep our ETH and the ETC was a free bonus. However we all sold it very cheap and if we were patient then we would of gotten almost the same value as ETH during the split ($15 ETH/USD).

So lets say we sell our BCC very cheap. And then in 2-3 years, after all the bugs get sorted it it eventually overtakes BTC. And when it overtakes BTC might become lower than BCC.

Another issue with this is the BTC payments we receive AFTER the fork. Lets say we decide to hold BCC. But any payment we get after the fork, we will only get it on the main Bitcoin Core chain.

Then in 2-3 years, when BCC over takes BTC, we won't have the difference in BCC since it happened after the work.

If the aim of Bitcoin ABC is to restore the unlimited block size as it was in the original Satoshi Nakamoto design then yes I'd want some. That's what I thought I was buying in 2014 but back then I wasn't aware of the 2011 1Mb change that created this current artificial scarcity :|

Don't try to pull a fast one with a premining scam. Don't try to charge extra transaction fees on top of coin rewards for miners. Any sign of exploitation and I won't touch it with a bargepole. I suspect many others like me that is, not miner dev or short term speculator, think the same.

[jonald_fyookball]

Bitcoin Cash chain will not have any premine.  www.bitcoincash.org

[25hashcoin]

Hold onto it! BitcoinABC known as Bitcoin Cash IS Satoshi's vision to me. It is the real bitcoin I signed up for.

http://www.bitcoincash.org

[ImHash]

Bitcoin Cash chain will not have any premine.  www.bitcoincash.org

Bitcoin dark/ unlimited/ bitcoin plus/ bitcoin xt now bitcoin cash, they all are the same sh*t, I wonder if they have implemented something much more efficient and stronger than ASICboost this time on bitcoin cash code to mine everything instead of 30% of blocks?
So you guys decided to fork away with your altcoin? looks good on you. then be prepared for a few brand new bitcoins, if it's about the code then we could start another bitcoin but with a different name of course.
Satoshi provided the idea, he didn't invest money on it, his vision is not relevant to people invested millions of dollars.

Hold onto it! BitcoinABC known as Bitcoin Cash IS Satoshi's vision to me. It is the real bitcoin I signed up for.

http://www.bitcoincash.org

Usual shill, how'd you know if he wanted you to steal his ideas and change whatever makes you more profit in his code and lie about it being his vision?
If bitcoin cash is going to be a success then so as a new copy of bitcoin with 8MB block size and any improved feature minus the ASICboost you idiots.

[radamiel]

It really depends on how the players respond to what will happen after the 1st of August, I would prefer that would be a reference in cryptocurrency transactions, whether bitcoinABC, BTU, BBC or any other name of the new bitcoin. Whatever happens we must always follow the market and the circumstances that exist so we can continue to adapt and survive in the world of cryptocurrency

[szpalata]

Hold onto it! BitcoinABC known as Bitcoin Cash IS Satoshi's vision to me. It is the real bitcoin I signed up for.

http://www.bitcoincash.org

Hold on to it until I can't anymore, there's nothing going to let me well my bitcoins even though it took a deep tumble and shook the market I'm still hopeful of a better tomorrow.

[BlindMayorBitcorn]

I think do nothing is the best option

I believe we should wait

I think the best option is to watch

Hold onto it!

Hold on to it

do nothing

I think these are all excellent plans IMHO

[williamuk]

Hold onto it! BitcoinABC known as Bitcoin Cash IS Satoshi's vision to me. It is the real bitcoin I signed up for.

http://www.bitcoincash.org

Will there be fees on top of the miners' coin rewards?

[YOYOY]

I guess we should wait of what would be really happens at that time but if it comes to a good output then why not and we should be depend what was the market would do.

[Sniper44]

bitcoin is honestly becoming hard to follow, each day they come up with a new name for something new or most of the time the same thing. just in disguise!

can someone give a quick summary of what this new one called bitcoinABc is?