BTC Fork & How it will change Bitcoin?

[jas_Bart]

So, as you all know, we are receiving emails and notifications from Coinbase, Bitstamp etc about the upcoming Hard and Soft fork!

I am curious to have  discussion about what is going to happen to our BTC and what will develop with the BCC in terms of exchanging and new prices etc.

[Iranus]

With the majority of major exchanges not accepting it, the volume would probably be pretty low for BCC as whales are unlikely to trust their money with unknown exchanges.

You can expect any price movements and even if BCC got very high, the price would not be justified and it would not last.

If the volume is high, it's likely to be people dumping their coins and treating it like "free money", in which case the price will drop drastically.

[jas_Bart]

How do you anticipate the BTC price moving?

[ralle14]

So, as you all know, we are receiving emails and notifications from Coinbase, Bitstamp etc about the upcoming Hard and Soft fork!

I am curious to have  discussion about what is going to happen to our BTC and what will develop with the BCC in terms of exchanging and new prices etc.

Our BTC should be fine as long as we don't have any coins sitting on exchanges. From what I read from coindesk there's already one user trading at currently $461 and if that's the starting price people might just sell their bcc and buy more btc.  There's no point in keeping BCC right?

[X-ray]

How do you anticipate the BTC price moving?

Just try to doing the same thing like what was doing with ethereum before. We know the BCC just another forked or unreal coin like ethereum classic. which doesn't have a big price in the future. bitcoin is the real one and not for bitcoin classic. But you will see there are some parties that against each other. It has reflected from the result of ethereum hardfork. But you can make the ethereum's case to be an example to take an anticipate act for bitcoin fork.

[Yuhee]

So, as you all know, we are receiving emails and notifications from Coinbase, Bitstamp etc about the upcoming Hard and Soft fork!

I am curious to have  discussion about what is going to happen to our BTC and what will develop with the BCC in terms of exchanging and new prices etc.

Our BTC should be fine as long as we don't have any coins sitting on exchanges. From what I read from coindesk there's already one user trading at currently $461 and if that's the starting price people might just sell their bcc and buy more btc.  There's no point in keeping BCC right?

That would depend on where do you keep it. Becauss some sites really are in low profile until the fork and there is even no guarantee if after a week the in would be stabilised. Just read on what's happening in your storage facility then is up to you if you're gonna withdraw it or just idle it. For right now I follow the veterans in the forum but offcourse i do my own research.

[Clayce]

So with Krakens announcement:

- All Kraken clients holding Bitcoin (XBT) balances at the time of the fork will be credited with an equal amount of Bitcoin Cash (BCH)

Say your holding 1 BTC on Kraken during the fork, does this mean they will basically credit you with 1 'free' BCC?

[joshy23]

How do you anticipate the BTC price moving?

If any case, BTC will remain strong and the altcoin(BCC) will not enjoy the support of most of the bitcoin enthusiast. It will be having a hard time to increase its price because of the reason I've said. And it will maybe another pump and dump coin which their supporter will no inkling of doing. While bitcoin price will surge ahead and probably go to $4000 at the end of the year. If will not change BTC at all, actually it will make BTC stronger.

[Wapfika]

How do you anticipate the BTC price moving?

If any case, BTC will remain strong and the altcoin(BCC) will not enjoy the support of most of the bitcoin enthusiast. It will be having a hard time to increase its price because of the reason I've said. And it will maybe another pump and dump coin which their supporter will no inkling of doing. While bitcoin price will surge ahead and probably go to $4000 at the end of the year. If will not change BTC at all, actually it will make BTC stronger.

same thing happens in ETH when it gets to split with ETC, eth still gained more trust and still used by many and ETC still seems not that popular, they just made an interruption in it's growth but still recovering. This what may happen also in BTC.

[xuan87]

It will impact Bitcoin negatively, the price movement and the growth of Bitcoin will be disrupted, and the trust from the investors will be down, in general Bitcoin movement will be slow down and we will have a setback, and the BCC fate will be seen after August, seems like not a lot of people care a bout this coin

[serjent05]

It will impact Bitcoin negatively, the price movement and the growth of Bitcoin will be disrupted, and the trust from the investors will be down, in general Bitcoin movement will be slow down and we will have a setback, and the BCC fate will be seen after August, seems like not a lot of people care a bout this coin

I think the same thing too since if BTC  fork, the community will be divided each supporting different chain but I think this will be temporary.  Once the major chain is determined Bitcoin will definitely come back and price will rebound and even surpass its  ETH.  It is just a matter of time until the main chain is recognized so the set back will be temporary.

[CryptoBry]

With the majority of major exchanges not accepting it, the volume would probably be pretty low for BCC as whales are unlikely to trust their money with unknown exchanges. You can expect any price movements and even if BCC got very high, the price would not be justified and it would not last. If the volume is high, it's likely to be people dumping their coins and treating it like "free money", in which case the price will drop drastically.

I expect almost the same scenario as far as this BitcoinCash (BCC) is concerned. People would easily dump the said new altcoin as this can be an opportunity to make some money. At the end of the day, Bitcoin can win big time. I am expecting that if things will be smooth then we can see Bitcoin regain much of the value it lost the past weeks.

[btc_angela]

It will impact Bitcoin negatively, the price movement and the growth of Bitcoin will be disrupted, and the trust from the investors will be down, in general Bitcoin movement will be slow down and we will have a setback, and the BCC fate will be seen after August, seems like not a lot of people care a bout this coin

Exactly. Most of us here don't want a fork to happen but in an event that it will BCC will not be recognized by most of us. Although it will really hurt the price to a extent but I think bitcoin will bounce back again and show who the real king of cryptworld. Its just sad to see the some individual will break the chain and put another altcoin for their love of the money. There will be temporary setback indeed but rest assured that bitcoin will come back stronger.

[jas_Bart]

So all this being said, all the predictions lie fairly unanimously- slight disruption but ultimate strengthening of BTC. What is the anticipation for affect upon ETH, if any?

[freeyourmind]

So all this being said, all the predictions lie fairly unanimously- slight disruption but ultimate strengthening of BTC. What is the anticipation for affect upon ETH, if any?

I'd assume minimal impact to Ethereum.

I wonder though, if we do have a hard fork, if the value of post hard fork BTC + BCC will equal the pre hard fork value of BTC.

[magneto]

So, as you all know, we are receiving emails and notifications from Coinbase, Bitstamp etc about the upcoming Hard and Soft fork!

I am curious to have  discussion about what is going to happen to our BTC and what will develop with the BCC in terms of exchanging and new prices etc.

Well forks are common, they are simply network upgrades to maintain the bitcoin system so that it can scale properly.

There are definitely disputes however regarding how this should be done.

The bitcoin cash team has promised that it will activate a hard fork on 1st August, and essentially this will mean that if you download the bitcoin cash wallet you will be able to claim your "free" bitcoin cash, if you like. Basically it is similar to Ethereum Classic and Ethereum, there will be a chain split and two chains will fork off to different roads.

Scaling bitcoin is good. But i don't see much point in bitcoin cash being activated. It's not like anyone is going to use it or anything.

So all this being said, all the predictions lie fairly unanimously- slight disruption but ultimate strengthening of BTC. What is the anticipation for affect upon ETH, if any?

I'd assume minimal impact to Ethereum.

I wonder though, if we do have a hard fork, if the value of post hard fork BTC + BCC will equal the pre hard fork value of BTC.

True, but that's not taking into account people panic dumping in case of a hard fork.

[kryptqnick]

So all this being said, all the predictions lie fairly unanimously- slight disruption but ultimate strengthening of BTC. What is the anticipation for affect upon ETH, if any?

I'd assume minimal impact to Ethereum.

I wonder though, if we do have a hard fork, if the value of post hard fork BTC + BCC will equal the pre hard fork value of BTC.

I don't think the price will remain equal, actually. Such a stressful event will cause many people do panic selling. They will probably try to invest their btc into some alts not to lose everything. Let's just hope no hard fork is awaiting us, for it will inevitably make lots of people lose their money and that is not good for the market. Especially if the king itself causes the losses. I believe it may even destroy the whole cryptocurrency market or at least destabilize it hugely.

[HeRetiK]

So all this being said, all the predictions lie fairly unanimously- slight disruption but ultimate strengthening of BTC. What is the anticipation for affect upon ETH, if any?

I'd assume minimal impact to Ethereum.

I wonder though, if we do have a hard fork, if the value of post hard fork BTC + BCC will equal the pre hard fork value of BTC.

I don't think the price will remain equal, actually. Such a stressful event will cause many people do panic selling. They will probably try to invest their btc into some alts not to lose everything. Let's just hope no hard fork is awaiting us, for it will inevitably make lots of people lose their money and that is not good for the market. Especially if the king itself causes the losses. I believe it may even destroy the whole cryptocurrency market or at least destabilize it hugely.

The good part about the BTC / BCC hardfork is that we know it's happening - which means that the BTC / BCC hardfork is already priced in. In addition the market already took enough opportunities to correct itself since the ATH in June. Both circumstances that make me quite bullish about the next days, although it might get quite turbulent.

[ibuddy122505]

Yes, it is happening on August 1. We should aware as August 1st will be an important moment of Bitcoin. The bitcoin blockchain will hard fork into bitcoin as we know it today BTC and BCC. I don't know, how this is going to affect the original bitcoin. Just wish good news though.

[klf]

So all this being said, all the predictions lie fairly unanimously- slight disruption but ultimate strengthening of BTC. What is the anticipation for affect upon ETH, if any?

I'd assume minimal impact to Ethereum.

I wonder though, if we do have a hard fork, if the value of post hard fork BTC + BCC will equal the pre hard fork value of BTC.

I think even for Bitcoin prices also not much impact from current price level. It may correct another few hundred dollars from this price for the short time, and later it will recover the losses. I feel BCC may lose its value and slowly it may become like another altcoin like many other coins in the market. Finally, the only Bitcoin will grow high and high so just hold on to it.