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Author Topic: Where and how to sell BCC on 1. August?  (Read 3710 times)
mensa84 (OP)
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July 28, 2017, 05:26:00 AM
 #1

Hello,

I have the private key of my BTC wallet.
So is it correct, that I will get on 1st August 1 BCC for every BTC I have in my wallet?
"Where" will I get that BCC and where can I sell that BCC on 1s August immediately? Cause I personally don't think that high price of BCC will last long.

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gueorguiev
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July 28, 2017, 06:50:13 AM
 #2

You would have to find a wallet that's supports BCC, then import your public and private keys so that come august 1st when the chains splits, it will give you the equivalent in BCC.

Here is a list of exchanges and Wallets to hold your BTC on: https://www.bitcoincash.org/
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July 28, 2017, 06:57:35 AM
 #3

You would have to find a wallet that's supports BCC, then import your public and private keys so that come august 1st when the chains splits, it will give you the equivalent in BCC.

Here is a list of exchanges and Wallets to hold your BTC on: https://www.bitcoincash.org/

Thanks for that link   Cheesy
mensa84 (OP)
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July 28, 2017, 07:09:34 AM
 #4

At which time and timezone will the Bitcoin cash fork happen?

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July 28, 2017, 07:14:35 AM
 #5

If you do this you risk a replay attack on your wallet. You could lose your bitcoins if someone takes your Bitcoin Cash transaction and transmits it on the Bitcoin network. Essentially deleting your bitcoins.

(I am a 1MB block supporter who thinks all users should be using Full-Node clients)
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July 28, 2017, 07:18:37 AM
 #6

At which time and timezone will the Bitcoin cash fork happen?

With all the news around, its obvious that its going to be on the 1st of August and even the title of the  thread is a confirmation to that but you need to take time for everything to settle down before delving into it because there might be some level of disruption on the blockchain network as there have been several warnings regarding that even on the forum.
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July 28, 2017, 07:25:15 AM
 #7

"On 22nd July 2017, we will be launching a brand new BCC mining pool and lock the activation time of UAHF at 12:20 1st August 2017 (UTC Time)."

Source: https://medium.com/@ViaBTC/statement-on-bitcoin-user-activated-hard-fork-6e7aebb67e67

I think each Exchange will start selling at the same time but you should so some research to double check what time your preferred exchange will begin. The above statement is based on the VIABTC.

If you do this you risk a replay attack on your wallet. You could lose your bitcoins if someone takes your Bitcoin Cash transaction and transmits it on the Bitcoin network. Essentially deleting your bitcoins.

Idk about this, I could be wrong but im pretty sure you cant relay any BCC transaction onto the BTC network or vice-versa
mensa84 (OP)
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July 28, 2017, 07:30:42 AM
 #8

How can I protect myself from a replay attack?

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July 28, 2017, 07:38:11 AM
Last edit: July 28, 2017, 07:55:45 AM by Quantus
 #9

I read Bitcoin-Cash has no replay protection. So If you do this move your Bitcoins AFTER the fork (I would wait for 300* confirmations; there is still a risk of "wipeout" ) to a new wallet then use a old copy of your wallet from before the fork with a Bitcoin-Cash client to move your coins on the Bitcoin-cash chain.
Do you understand? The old wallet will appear empty after the fork on the Bitcoin network but will still work on the BCC chain.

You do this at your own risk. I don't know enough about this stuff to be sure this is safe. I won't be doing anything until the all clear is given by the Bitcoin core devs.  The Bitcoin-Cash clients could have back doors or bugs so yeah ... These things are not open sourced programs we don't know what they do. Any wallet.dat files or passwords you give them could be compromised.

(I am a 1MB block supporter who thinks all users should be using Full-Node clients)
Avoid the XT shills, they only want to destroy bitcoin, their hubris and greed will destroy us.
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July 28, 2017, 07:40:41 AM
 #10

How can I protect myself from a replay attack?
The easy thing for you to make quick decisions is to sell your bitcoin into currency after past August 1st you can buy it back, if you do not want to sell your bitcoin at least you buy a cup of warm coffee to make you more relaxed and not make it into something A scary thing

mensa84 (OP)
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July 28, 2017, 07:56:16 AM
 #11

Maybe the price of BCC is already uninteresting at 1st Augustand not worth to risk anything.
And as it seems I can't get a complete protection against replay attack or "wipeout" right? My BTC coins on the new wallet could be deleted also after thousands of confirmations, right?

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July 28, 2017, 08:07:58 AM
 #12

Hello,

I have the private key of my BTC wallet.
So is it correct, that I will get on 1st August 1 BCC for every BTC I have in my wallet?
"Where" will I get that BCC and where can I sell that BCC on 1s August immediately? Cause I personally don't think that high price of BCC will last long.
For theory it yes, you need to import your private key to wallet that support BC
for trading. Look at viabtc.com>market, there is available convert BCC/BTC
price going down trend, Decide to selling immediate at 1-2 August could be good deal.
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July 28, 2017, 09:36:37 AM
 #13

https://bitcointalk.org/index.php?topic=2050936.0    Warning: Using Bitcoin Cash means trusting your private keys to buggy software!

be safe and read that thread!

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July 28, 2017, 09:40:54 AM
 #14

Hello,

I have the private key of my BTC wallet.
So is it correct, that I will get on 1st August 1 BCC for every BTC I have in my wallet?
"Where" will I get that BCC and where can I sell that BCC on 1s August immediately? Cause I personally don't think that high price of BCC will last long.

I agree BCC price will crash hard and I'm planning to sell it as soon as I get them though I'll be using an exchange that credits it automatically rather than a wallet.
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July 28, 2017, 10:13:05 AM
 #15

Is there any marke for futures BCC?

How much is it trading for?

I don't think it's worth the trouble, at least for us with few bitcoins, buying cheap alts this weekend may be a better investment.
mensa84 (OP)
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July 28, 2017, 11:01:59 AM
 #16

https://coinmarketcap.com/currencies/bitcoin-cash/

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July 28, 2017, 11:06:24 AM
 #17

Hello,

I have the private key of my BTC wallet.
So is it correct, that I will get on 1st August 1 BCC for every BTC I have in my wallet?
"Where" will I get that BCC and where can I sell that BCC on 1s August immediately? Cause I personally don't think that high price of BCC will last long.

Kraken has announced it will support trading on both chains.

¯\_(ツ)_/¯

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July 28, 2017, 11:07:02 AM
 #18

Hello,

I have the private key of my BTC wallet.
So is it correct, that I will get on 1st August 1 BCC for every BTC I have in my wallet?
"Where" will I get that BCC and where can I sell that BCC on 1s August immediately? Cause I personally don't think that high price of BCC will last long.
I think that it would be a pretty dumb idea to instantly sell your BCC right after the chain splits, if it does. If it accidentally gets broadcasted to the bitcoin network, then you are basically screwed as you would have just lost your BCC. I would personally wait at least 2 or 3 days before making any sort of transactions, or at least until theymos gives us the green light. I have a ledger wallet so I can use both codes, make sure that you are all prepared for the split.

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mensa84 (OP)
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July 28, 2017, 11:12:37 AM
 #19

Ok, maybe you are right.

But is there any way to sell all the BCC in a secure way?
For example using that steps:

  • Wait until fork is done
  • Move BTC from Wallet1 to a new Wallet2
  • Wait for how many confirmations?
  • Move BCC from Wallet1 to Kraken
  • Wait for how many confirmations?
  • Change BCC at Kraken to get BTC
  • Withdraw BTC at Kraken to BTC Wallet 2

So one should be protectet against replay attack, right?
Any protection plans about "wipeout"?
Any other problems could appear?

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July 28, 2017, 01:38:55 PM
 #20

Exchanges supporting BCC:

Bittrex
Hitbtc
Bitfinex
Okcoin
Bithumb
Allcoin

Exchanges not supporting BCC:
Bitstamp
Coinbase

god luck, and happy
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