Will you sell your BitcoinCash on August 1st if there is a HF?

[xskl0]

Hardfork now have the support of Bitcoin Unlimited: https://twitter.com/BitcoinUnlimit/status/887120218304249856

https://www.bitcoincash.org/

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[ChironRegera]

I know a lot of people are going to sell their coins soon so just wait and see.

[ChironRegera]

Hardfork now have the support of Bitcoin Unlimited: https://twitter.com/BitcoinUnlimit/status/887120218304249856

https://www.bitcoincash.org/

The question is not IF there is a fork but WHEN.  There's a new Electrum wallet in the works already for the upcoming fork.

[RodeoX]

Why would I do that?

[Mad7Scientist]

Remember that before a hard fork can practially happen there is a soft fork that moves all miners on to new software, and this new software is what is coded to trigger the hard fork. It is necessary to move the miners away from the old chain first so that people are unable to continue to use the old chain after a hard fork. SegWit2x is the best candidate for giving us a hard fork right now. Around half of miners are flagging SegWit2x support, and after July 21st it will trigger a soft fork at 80% or possibly sooner if there is another trigger in the software. I'm having a hard time finding out what the SegWit2x soft fork triggers are,

You may want to have your coins in your own wallet if there is a HF so that you get your coins on both sets of a split. An eWallet will likely give you one set of coins and sell the other set of coins if they're worth anything.

[ChironRegera]

Why would I do that?

We've seen it time and time again.  

[xskl0]

If this happen I will just hold both coins

[NUFCrichard]

With ETH/ETC, as soon as ETC started trading it got dumped down to a very low level.
Then is quickly rebounded and went very high, I think up to 30% of the price of ETH, which was obviously assumed to be the strong side of the fork.

I wouldn't feel to confident selling straight away, you might also have to watch out for replay attacks, so be careful moving your Bitcoin/Bitcoincash around straight after a fork.

[Layode]

I'm not sure at this point in time, the fork would change my opinion of bitcoin and the value having bitcoin in general, if something that can impact the price so much can happen if the developer team is just trying to push their opinion, I do agree to increasing block size, but this is almost like blackmailing.

[gentlemand]

With ETH/ETC, as soon as ETC started trading it got dumped down to a very low level.
Then is quickly rebounded and went very high, I think up to 30% of the price of ETH, which was obviously assumed to be the strong side of the fork.

I wouldn't feel to confident selling straight away, you might also have to watch out for replay attacks, so be careful moving your Bitcoin/Bitcoincash around straight after a fork.

The ETC one is a forever unique case. To anyone from the outside looking in ETC was the far less offensive option. ETH had the personnel but basically shat all over itself though no one now seems to care.

Either eventual Bitcoin doesn't have that problem. I suppose it's entirely down to perception and where the economic majority will head. I don't think anyone other than the creators of Bitcoin Cash have any incentive to support it. It's dead intriguing all the same.

At this stage in the game the cash aspect is still the least important. People are looking for price appreciation, not spending money.

[ChironRegera]

With ETH/ETC, as soon as ETC started trading it got dumped down to a very low level.
Then is quickly rebounded and went very high, I think up to 30% of the price of ETH, which was obviously assumed to be the strong side of the fork.

I wouldn't feel to confident selling straight away, you might also have to watch out for replay attacks, so be careful moving your Bitcoin/Bitcoincash around straight after a fork.

The ETC one is a forever unique case. To anyone from the outside looking in ETC was the far less offensive option. ETH had the personnel but basically shat all over itself though no one now seems to care.

Either eventual Bitcoin doesn't have that problem. I suppose it's entirely down to perception and where the economic majority will head. I don't think anyone other than the creators of Bitcoin Cash have any incentive to support it. It's dead intriguing all the same.

At this stage in the game the cash aspect is still the least important. People are looking for price appreciation, not spending money.

I have to agree.  99% of the general population still has no clue what a bitcoin is let alone spending one ....

[xskl0]

With ETH/ETC, as soon as ETC started trading it got dumped down to a very low level.
Then is quickly rebounded and went very high, I think up to 30% of the price of ETH, which was obviously assumed to be the strong side of the fork.

I wouldn't feel to confident selling straight away, you might also have to watch out for replay attacks, so be careful moving your Bitcoin/Bitcoincash around straight after a fork.

The ETC one is a forever unique case. To anyone from the outside looking in ETC was the far less offensive option. ETH had the personnel but basically shat all over itself though no one now seems to care.

Either eventual Bitcoin doesn't have that problem. I suppose it's entirely down to perception and where the economic majority will head. I don't think anyone other than the creators of Bitcoin Cash have any incentive to support it. It's dead intriguing all the same.

At this stage in the game the cash aspect is still the least important. People are looking for price appreciation, not spending money.

Bitcoin as a store of value is important but I will want to use it to buy things when it will have a less volatile price.

[gentlemand]

Bitcoin as a store of value is important but I will want to use it to buy things when it will have a less volatile price.

Store of value has to come first before any talk of it being a proper currency. Of course no national currency is a decent store of value, but they serve their purpose for a short while at least. You can be sure your dollar's worth is still a dollar's worth a few weeks down the line. Bitcoin needs to be an awful lot bigger and more widespread before it can do that.

[Kprawn]

If this happen I will just hold both coins

The way I see it, you will have coins on several chains, but when you spend it on one chain, then you do not have it available on the other chains.

You will have to decide on what chain you want to spend it and then it is gone. The JihanCoin/Bitcoincash will in my opinion, not take off, because

there are a lot of people who hates his guts. I hope his chain is not the longest, because I do not want to pull it. 

[gentlemand]

The way I see it, you will have coins on several chains, but when you spend it on one chain, then you do not have it available on the other chains.

Surely that isn't the case. Once the new chain exists then they're now both completely separate entities albeit accessible with the same private key assuming you held before the fork.

You get a new wallet for the new chain and they never interact again.

[Iranus]

>Bitcoin XT
>Bitcoin Classic
>Bitcoin Unlimited
>Bitcoin ABC
>Bitcoin Cash

Pick one.  It's getting really boring at this point.

Anyway, I'll just hold because I can't be bothered splitting the coins.  

If there's any more forks I might start my own fork, with blackjack and hookers.  Actually, forget the theme parkfork.

[Wendigo]

I have already sold my stash for other coins. I will buy back later at a decreased price so I am good. I do not want to hold the BTC bag around August 1.

[bamboylee]

Nope. I will just hold on my coins. I did not sell when it is going down, definitely will not sell when it will go up after the hard fork.

[LFC_Bitcoin]

There won't be a hardfork Aug 1st so this whole topic is irrelevent. But I wouldn't sell if there was any way, I'd buy more if anything.

[jtipt]

If this happen I will just hold both coins

Yeah I'll probably do the same, I am in the BTC game for HODLing so well I don't mind if a suffer a loss I would prefer wait and see what happens.