Will you sell your BitcoinABC or hold on to it?

[European Central Bank]

It's pure junk with no support from anyone other than the weirdoes who've been plaguing bitcoin for years.

If it does surpass bitcoin then the whole thing has failed.

That's more to do with the personnel than the bigger blocks.

[1714167851]

1714167851

[jbreher]

If it does surpass bitcoin then the whole thing has failed.

Got any logic that supports that assertion? Or are you just emoting?

Let us posit a hypothetical. Let us assume (just go with me here) that legacy Bitcoin retains its current market cap, and Bitcoin Cash rises to 10x (~420B USD). In such a case, has 'the whole thing failed'?

[Racer8]

To save ABC synch time can I point the ABC wallet at a copy of the core blockchain?

[adaseb]

Looks like the trading pair is finally live

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

You can sell your BCC now with your BTC if you think it will be a failure, after the fork get your original BTC back.

[GideonGono]

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.

Also Bitcoin shouldn't be compared to any other alt coins. This actually depends on how people will adapt it and who gains more popularity as time goes by since it hasn't happened yet and we are unsure if it will happen. We can judge it base on how scalable it is and the capabilities that each Bitcoin can present.

[Rinaze]

Theoretically I would hold and you will probably judge the altcoin or rather split coin by their respective developers team and roadmap. If BTU, BTABC, BCC or whatever is not just there to confuse investors or for purely speculating, I probably would have second thought on selling. I think even up till today, it's still hard to actually determine if ETC is actually really an ongoing serious project or just "another" ether coin out there.

[kwood]

Has Poloniex said anything about listing/crediting BitcoinCash/BitcoinABC? I know they specifically mentioned Unlimited would be if it met criteria that BitcoinABC does, but I'm still nervous!

[aesma]

Looks like the trading pair is finally live

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

You can sell your BCC now with your BTC if you think it will be a failure, after the fork get your original BTC back.

You must be crazy to do this. There is no upside.

[European Central Bank]

Has Poloniex said anything about listing/crediting BitcoinCash/BitcoinABC? I know they specifically mentioned Unlimited would be if it met criteria that BitcoinABC does, but I'm still nervous!

i presume the other exchanges are playing wait and see. i dunno if they wanna get involved with futures.

if it survives then you can bet it'll be added everywhere. there's a mountain of money to be made by exchanges.

[25hashcoin]

Don't sell BCC. You may be selling all of your bitcoin and be left with worthless DCG segwit tokens.

[mindrust]

Looks like the trading pair is finally live

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

You can sell your BCC now with your BTC if you think it will be a failure, after the fork get your original BTC back.

You must be crazy to do this. There is no upside.

+1

I personally don't trust viabtc neither. I don't trust any exchage but the exchange which proposes its own alt by splitting bitcoin? Hell no. Can't leave my precious bitcoins hostage there for 9 days... Too risky.

If you are going to dump, wait for more legit exchanges to list bcc, those who  don't ask id confirmations.

You may not find these rates after August 1 though. Still worth taking the risk

[pdpanzer]

It's pure junk with no support from anyone other than the weirdoes who've been plaguing bitcoin for years.

If it does surpass bitcoin then the whole thing has failed.

That's more to do with the personnel than the bigger blocks.

Why should bitcoin not be used to pay? After all, one of the biggest drives comes from exchanges, which in a sense gave so much value (being the Currency vs the Asset) to bitcoin as default escape and conduit, but when talking about trillions of trade, we get this sh****** coin that takes 30 mins to hours to validate a transaction. Off-chain/side-chains = none of the benefits of the original bitcoin vision and no value whatsoever in a world that will be filled with micro transactions.

The Core developers should be fired immediately.

[xbiv2]

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.

Where it will be posible to sell?

[European Central Bank]

The Core developers should be fired immediately.

you'll find out soon enough with this chain anyway. i pay all the time with bitcoin. i pay with it because it's accepted because it's coded by competent people. that's why it has the price it has.

[bryant.coleman]

I don't know what is going to happen in August. For sure the BCC has some powerful backers. There is going to be a huge dump in the first week of August, but what happens after that is going to be important. There is a chance that the exchange rates can recover. But right now, I don't think that BCC is going to overtake BTC at any point of time in the near future.

[plims]

Doesn't matter what will happen on 1st August - I will never sell my Bitcoins. The price will be grow for sure in the future!

[coolcoinz]

Doesn't matter what will happen on 1st August - I will never sell my Bitcoins. The price will be grow for sure in the future!

Are you talking about never selling your BTC on both chains? If there really is a split one of the chains might die out and stay at purely speculative level, while the other one keeps growing. In such case it might be a good idea to sell.

https://www.viabtc.com/convert/bcc
I don't like this idea and I don't recommend selling your coins there. Who knows what will happen to those frozen coins, maybe they'll disappear forever

[25hashcoin]

Doesn't matter what will happen on 1st August - I will never sell my Bitcoins. The price will be grow for sure in the future!

Are you talking about never selling your BTC on both chains? If there really is a split one of the chains might die out and stay at purely speculative level, while the other one keeps growing. In such case it might be a good idea to sell.

https://www.viabtc.com/convert/bcc
I don't like this idea and I don't recommend selling your coins there. Who knows what will happen to those frozen coins, maybe they'll disappear forever

Terrible advice. This is how you lose your bitcoins. Going to be a lot of sad people on this forum one day in the near future thanks to all the disinformation and bad advice.

[stergium]

I don't know what is going to happen in August. For sure the BCC has some powerful backers. There is going to be a huge dump in the first week of August, but what happens after that is going to be important. There is a chance that the exchange rates can recover. But right now, I don't think that BCC is going to overtake BTC at any point of time in the near future.

although no one know about that what is going to happen on 1st August, but i think one thing is clear and that there is nothing wrong is going to happen to the price of bitcoin. and instead of bitcoin is becoming more.  i am sure that 1st Augst the price of bitcoin is expected to increase too much in ater 1stt August.

[Qoheleth]

IMO, Bitcoin's main strength (compared to Dash, Ethereum, etc) is that it's chain with the biggest hashrate, and thus, the hardest to double-spend against.

This is an especially real risk when we start talking about ideological hardforks. When Ethereum Classic happened, one ideological ETH-loyal miner made public threats to use his hashpower to double-spend on ETC and render it useless; it was only an influx of ETC hashpower that stopped him.

So for BCC, BitcoinABC, etc to be useful, they need to win over a significant % of BTC's current hashpower.

Do you consider that likely, when the /NYA/ presents a less risky road to increased blocksize?

Edit: I just realized I didn't answer the original question.

Long story made short, I don't think I'll have the chance to sell my BitcoinABC, because I don't think there will be a market for it.

If there is a market, I'll probably sell most of it. Not all - might as well hedge a little. But most.