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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 703960 times)
niklasmato
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July 30, 2017, 03:10:33 PM
 #1021

Just learn from history.

You can see what happend to ETH and ETC when they forked.

https://www.coindesk.com/classic-dao-drove-ether-prices-2016/


It might be the same all over with this Bitcoin CASH vs BTC
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July 30, 2017, 03:15:16 PM
 #1022

do you guy think the value will remain as it is now for bcc, or will be dumped fast? i'm wondering if it's worth to take out the cold storage to claim all the bcc as a possible, or maybe not, always free money but if the value tank to 0.01 it's not worth the risk

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July 30, 2017, 03:30:57 PM
 #1023

do you guy think the value will remain as it is now for bcc, or will be dumped fast? i'm wondering if it's worth to take out the cold storage to claim all the bcc as a possible, or maybe not, always free money but if the value tank to 0.01 it's not worth the risk
It will get dumped very fast for sure as people love free money. Dont know whether it would recover fast from the dump though.
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July 30, 2017, 03:34:59 PM
 #1024

do you guy think the value will remain as it is now for bcc, or will be dumped fast? i'm wondering if it's worth to take out the cold storage to claim all the bcc as a possible, or maybe not, always free money but if the value tank to 0.01 it's not worth the risk

Im waiting until after the fork and then transferring all my cold storage coins to another offline address then import the old priv key to transfer the BCC to an exchange then destroy the old address like it never existed.
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July 30, 2017, 03:38:29 PM
 #1025

do you guy think the value will remain as it is now for bcc, or will be dumped fast? i'm wondering if it's worth to take out the cold storage to claim all the bcc as a possible, or maybe not, always free money but if the value tank to 0.01 it's not worth the risk

Im waiting until after the fork and then transferring all my cold storage coins to another offline address then import the old priv key to transfer the BCC to an exchange then destroy the old address like it never existed.


What do you mean by destroying the old address? Once the address  and the transactions are is created in blockchain, it exists there for ever. What does it accomplish in anyway?
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July 30, 2017, 03:39:33 PM
 #1026

is there somewhere a ticker, countdown? a page that shows everything we have to know? if the fork happened, who is mining the new chain, etc.
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July 30, 2017, 03:50:51 PM
 #1027

Interesting everyone is predicting immediate sell and subsequent demise of BCC/BCH.  If I were to take a contrarian view, it will gown down initially due to the herd, then stabilize and track BTC.

BCC/BCH is valuable to someone or entity at minimum as a vehicle to make money and that will drive the price.  If there's money to be made, the herd will follow.
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July 30, 2017, 03:53:48 PM
 #1028

do you guy think the value will remain as it is now for bcc, or will be dumped fast? i'm wondering if it's worth to take out the cold storage to claim all the bcc as a possible, or maybe not, always free money but if the value tank to 0.01 it's not worth the risk

Im waiting until after the fork and then transferring all my cold storage coins to another offline address then import the old priv key to transfer the BCC to an exchange then destroy the old address like it never existed.


What do you mean by destroying the old address? Once the address  and the transactions are is created in blockchain, it exists there for ever. What does it accomplish in anyway?

I know its history will be there I just mean destroy my copy of it along with the private key so it cannot be used again
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July 30, 2017, 04:04:53 PM
 #1029

most hardforks I seen the newer coin crashes then people buy it back when it dumps then it recovers and the old coin crashes  Shocked right?
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July 30, 2017, 04:12:55 PM
 #1030

most hardforks I seen the newer coin crashes then people buy it back when it dumps then it recovers and the old coin crashes  Shocked right?

ETH/ETC as an illustration, both BTC/BCC will coexist.  I wouldn't compare to other shitcoins.

Better arbitrage maybe buy either coin on weakness and sell on strength.
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July 30, 2017, 04:14:21 PM
 #1031

most hardforks I seen the newer coin crashes then people buy it back when it dumps then it recovers and the old coin crashes  Shocked right?

Its more of a copy than a fork in typical chinese style the abbreviation BCC is quite fitting really "Blind Carbon Copy"
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July 30, 2017, 04:19:44 PM
 #1032

do you guy think the value will remain as it is now for bcc, or will be dumped fast? i'm wondering if it's worth to take out the cold storage to claim all the bcc as a possible, or maybe not, always free money but if the value tank to 0.01 it's not worth the risk
It will get dumped very fast for sure as people love free money. Dont know whether it would recover fast from the dump though.

May be there is a chance of recovery and for some time it is not possible for recovery. What is the problem with Bitcoin Cash and why some exchanges are not accepting to list on their exchange? What is the major reason behind it, many people don't have any big hope on this project that's why they are dumping the BCC.

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July 30, 2017, 04:22:27 PM
 #1033

Hopefully the fork goes down smoothly and the crypto-sphere is not adversely affected.

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BossBee
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July 30, 2017, 04:25:12 PM
 #1034

How is this any different from the federal reserve printing off money when ever a crisis arises? In seeking to preserve the core values of BTC this fork is doing the opposite by shattering the virtue of a capped supply and doubling it over night.

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July 30, 2017, 04:27:29 PM
 #1035

most hardforks I seen the newer coin crashes then people buy it back when it dumps then it recovers and the old coin crashes  Shocked right?

ETH/ETC as an illustration, both BTC/BCC will coexist.  I wouldn't compare to other shitcoins.

Better arbitrage maybe buy either coin on weakness and sell on strength.

Remember Ethereum Classic is old blockchain Ethereum fork from incident The DAO ICO in 2016. For avoid attack from hacker, Ethereum decision HardFork their blockchain to two part are Ethereum (New) and Ethereum Classic (old blockchain hacked). So, it very different Bitcoin (Core) and Bitcoin Cash in current!

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July 30, 2017, 04:32:39 PM
 #1036

do you guy think the value will remain as it is now for bcc, or will be dumped fast? i'm wondering if it's worth to take out the cold storage to claim all the bcc as a possible, or maybe not, always free money but if the value tank to 0.01 it's not worth the risk

This would be definitely an epic dump... you havent seen such dump before

Just imagine millions of bitcoin holders having millions of BCC to dump on exchange

now big question remains, who will buy BCC
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July 30, 2017, 04:33:45 PM
Last edit: July 30, 2017, 04:48:35 PM by bones261
 #1037

do you guy think the value will remain as it is now for bcc, or will be dumped fast? i'm wondering if it's worth to take out the cold storage to claim all the bcc as a possible, or maybe not, always free money but if the value tank to 0.01 it's not worth the risk

By the time you take the steps to redeem your BCC and send them to an exchange, the people who already moved their BTC to an exchange that redeems for them and offers a market, will have already dumped. I'm not quite sure how fast the new difficulty programing will adjust the difficulty downward, so transferring the coins and making the required confirmation may take some time, in the beginning. You may want to wait until the market finally finds a relatively stable price and the network finds a good difficulty, to see if it is worth your time. AFAIK, there is no expiration date to redeem your BCC.
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July 30, 2017, 04:42:10 PM
 #1038

most hardforks I seen the newer coin crashes then people buy it back when it dumps then it recovers and the old coin crashes  Shocked right?

ETH/ETC as an illustration, both BTC/BCC will coexist.  I wouldn't compare to other shitcoins.

Better arbitrage maybe buy either coin on weakness and sell on strength.

Remember Ethereum Classic is old blockchain Ethereum fork from incident The DAO ICO in 2016. For avoid attack from hacker, Ethereum decision HardFork their blockchain to two part are Ethereum (New) and Ethereum Classic (old blockchain hacked). So, it very different Bitcoin (Core) and Bitcoin Cash in current!
Thanks for the explanation.  

Your explanation notwithstanding, why does ETC still exist?  Why haven't everyone migrated to the NEW ETH and discarded ETC for dead?

To me it's irrelevant as long as BCC can be spent, traded, bartered, paired with other altcoins it's a viable currency that is forked from BTC.  BCC needs universal acceptance as a some sort of store of value and the crypto enthusiasts will accept it and give it value correspondingly.
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July 30, 2017, 04:42:16 PM
 #1039

It is hard to tell what will happend here... But i think like it was said already big holders
will probably dump their bcc and price will crash hard...

But we have to be positive after 1.8. all will be cleared and we should see some movements here and there.
I expect BTC price to go up to new height if you ask me.

All altcoins have fallen for now, because people sell them and want to have BTC.
Some lost over 50% of value, but this will recover after some time and trust in crypto coins

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July 30, 2017, 04:47:23 PM
 #1040

do you guy think the value will remain as it is now for bcc, or will be dumped fast? i'm wondering if it's worth to take out the cold storage to claim all the bcc as a possible, or maybe not, always free money but if the value tank to 0.01 it's not worth the risk

Im waiting until after the fork and then transferring all my cold storage coins to another offline address then import the old priv key to transfer the BCC to an exchange then destroy the old address like it never existed.


What do you mean by destroying the old address? Once the address  and the transactions are is created in blockchain, it exists there for ever. What does it accomplish in anyway?

Only thing this accomplishes is to make sure some fat fingers do not accidentally use the address again. Satoshi recommended that you should never destroy a private key. Never know if someone might send you a gift.
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