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Author Topic: Are You Nervous About - August 1 is D-day!  (Read 3293 times)
cybersofts
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July 31, 2017, 06:22:48 AM
 #1

So, what’s happening on 1 August 2017?

Even though Segwit allows for increased transaction throughput, not everyone is happy with its implementation. After BIP 91 was locked in, a group of developers, miners and users suddenly announced that an altcoin known as Bitcoin Cash (or BCC) will be created, a fork from the current Bitcoin branch and it will (among other things) not support Segwit.

At this time it is highly unlikely that Bitcoin Cash will have significant support from all the right stakeholders — miners, developers, platforms and users.

Most Bitcoin platforms, will not be supporting Bitcoin Cash. Customers who want access to Bitcoin Cash tokens will have to withdraw their Bitcoin from the platforms to a Bitcoin Cash-compatible platform before 1 August 2017. I can’t make any recommendations for any other platforms for now.

What do you think will happening next?


     
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July 31, 2017, 06:59:38 AM
 #2

not nervous.
I'm interested.

Sometimes there's more truth in forums than anywhere else.  Twitter:  @cryptobitchicks   "I am expressing multiple attitudes simultaneously. To which are you referring?"
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July 31, 2017, 07:06:24 AM
 #3

not nervous.
I'm interested.

Same here, not nervous but very excited. As it seems BCC is going to fork no matter what, I would like to how the fork turns out after all. Honestly, I am more excited about the BTC price after 1 Aug than I am excited about the fork.

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July 31, 2017, 07:11:12 AM
 #4

Too much FUD, there is no D-DAY.

Optimistic here, especially about what happens afterwards.
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July 31, 2017, 07:13:04 AM
 #5

If Bitcoin Cash is the main concern then I don't have any worries as long as the trend of Bitcoin (BTC) is still intact I will be confident about its future. With the rumored mass dumping for Bitcoin Cash I would not think for a second that it won't happen, better safe than sorry. And I think for the general opinion is if Bitcoin won't be affected in terms of price then I won't be nervous at its future at all, I would still accumulate and hold my position for the time being, if this becomes successful we all know what will happen for Bitcoin's future.

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July 31, 2017, 07:13:29 AM
 #6

I am very nervous. What will happen afterward is going to determined a whole lot of things. My joy is that either way, bitcoin has come to stay.

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July 31, 2017, 07:13:53 AM
 #7

not nervous.
I'm interested.

Same here, not nervous but very excited. As it seems BCC is going to fork no matter what, I would like to how the fork turns out after all. Honestly, I am more excited about the BTC price after 1 Aug than I am excited about the fork.
I was thinking may be people are going to make huge amount of profit on BCC after the split the same way people did with ETC, that's just my thoughts and nothing more, please! BCC is going to be popular the same way Ethereum Classic did because it looks like an altcoin (twin brother) of Ethereum. And I think the same thing will happen between Bitcoin and Bitcoin Cash Coin.


     
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July 31, 2017, 07:16:47 AM
 #8

So, what’s happening on 1 August 2017?

Even though Segwit allows for increased transaction throughput, not everyone is happy with its implementation. After BIP 91 was locked in, a group of developers, miners and users suddenly announced that an altcoin known as Bitcoin Cash (or BCC) will be created, a fork from the current Bitcoin branch and it will (among other things) not support Segwit.

At this time it is highly unlikely that Bitcoin Cash will have significant support from all the right stakeholders — miners, developers, platforms and users.

Most Bitcoin platforms, will not be supporting Bitcoin Cash. Customers who want access to Bitcoin Cash tokens will have to withdraw their Bitcoin from the platforms to a Bitcoin Cash-compatible platform before 1 August 2017. I can’t make any recommendations for any other platforms for now.

What do you think will happening next?

I'm not nervous and I'm really interested what will happen on the 1st of August. My advice should be we are seldom too affected by the rumors.

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July 31, 2017, 07:27:11 AM
 #9

So, what’s happening on 1 August 2017?

Even though Segwit allows for increased transaction throughput, not everyone is happy with its implementation. After BIP 91 was locked in, a group of developers, miners and users suddenly announced that an altcoin known as Bitcoin Cash (or BCC) will be created, a fork from the current Bitcoin branch and it will (among other things) not support Segwit.

At this time it is highly unlikely that Bitcoin Cash will have significant support from all the right stakeholders — miners, developers, platforms and users.

Most Bitcoin platforms, will not be supporting Bitcoin Cash. Customers who want access to Bitcoin Cash tokens will have to withdraw their Bitcoin from the platforms to a Bitcoin Cash-compatible platform before 1 August 2017. I can’t make any recommendations for any other platforms for now.

What do you think will happening next?

I think BCC will be worth like nothing within a few days, because everyone will sell it ASAP to get something from it, the "winners" will be those who trusted in BTC, because like everyone will sell their BCC for BTC or some alts.

I think nothing will happen except BTC price will go up, because tx fee and confirmation time goes down -> micropayments possible.

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July 31, 2017, 07:27:58 AM
 #10

So, what’s happening on 1 August 2017?

Even though Segwit allows for increased transaction throughput, not everyone is happy with its implementation. After BIP 91 was locked in, a group of developers, miners and users suddenly announced that an altcoin known as Bitcoin Cash (or BCC) will be created, a fork from the current Bitcoin branch and it will (among other things) not support Segwit.

At this time it is highly unlikely that Bitcoin Cash will have significant support from all the right stakeholders — miners, developers, platforms and users.

Most Bitcoin platforms, will not be supporting Bitcoin Cash. Customers who want access to Bitcoin Cash tokens will have to withdraw their Bitcoin from the platforms to a Bitcoin Cash-compatible platform before 1 August 2017. I can’t make any recommendations for any other platforms for now.

What do you think will happening next?

Up this thread i want to know too ...

I honestly figured the Bitcoin Cash launch would be a non-event. But some non-trivial exchanges (Bitfinex, Kraken, Okex, Huobi, BTCC) are now adding markets for it, and clearly there is some level of demand from customers that has brought that about.

Sure, a lot of dedicated bitcoiners will dump their BCC in attempt to drop the price to zero. Just like ETH supporters did to ETC. Eventually ETC just began being accumulated and now it's correlated with ETH. I think, in time, that it could have significant support -- hashpower, userbase, exchanges, merchants... in time. But I doubt it would ever overtake BTC.

Something more interesting to ponder: if Bitcoin Cash becomes viable long term and is seen as a competitor to the legacy Bitcoin, will this encourage more future splits? I would imagine so...

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July 31, 2017, 07:29:17 AM
 #11

about 1 august, im pretty curious because how people will react when they got big amount of coins which worth few hundred dollars, whether they'll make a huge mass dump and make the coins they got dead or holding it  and keep the coins alive.
the split will be recorded in history man!

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July 31, 2017, 07:30:45 AM
 #12

Nah, probably everyone will be surprised at how boring the whole thing will be. There's a chance of a major split related to BIP91/BIP148, but that seems awfully unlikely at this point (and actually the risk of this does not completely die off until around Aug 10). And while Bcash will split, it'll probably be worth next to nothing, so everyone will end up scrambling to get "free coins" worth less than 1% of their BTC.

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July 31, 2017, 07:38:28 AM
 #13

So, what’s happening on 1 August 2017?

Even though Segwit allows for increased transaction throughput, not everyone is happy with its implementation. After BIP 91 was locked in, a group of developers, miners and users suddenly announced that an altcoin known as Bitcoin Cash (or BCC) will be created, a fork from the current Bitcoin branch and it will (among other things) not support Segwit.

At this time it is highly unlikely that Bitcoin Cash will have significant support from all the right stakeholders — miners, developers, platforms and users.

Most Bitcoin platforms, will not be supporting Bitcoin Cash. Customers who want access to Bitcoin Cash tokens will have to withdraw their Bitcoin from the platforms to a Bitcoin Cash-compatible platform before 1 August 2017. I can’t make any recommendations for any other platforms for now.

What do you think will happening next?

Up this thread i want to know too ...

I honestly figured the Bitcoin Cash launch would be a non-event. But some non-trivial exchanges (Bitfinex, Kraken, Okex, Huobi, BTCC) are now adding markets for it, and clearly there is some level of demand from customers that has brought that about.

Sure, a lot of dedicated bitcoiners will dump their BCC in attempt to drop the price to zero. Just like ETH supporters did to ETC. Eventually ETC just began being accumulated and now it's correlated with ETH. I think, in time, that it could have significant support -- hashpower, userbase, exchanges, merchants... in time. But I doubt it would ever overtake BTC.

Something more interesting to ponder: if Bitcoin Cash becomes viable long term and is seen as a competitor to the legacy Bitcoin, will this encourage more future splits? I would imagine so...

Good thought but I think Bitcoin and Ethereum has different ecosystem, bitcoin has huge number of user-base, the market cap and the popularity. A lot of new comers want to invest in BTC but is kind of expensive for them, don't you think the newcomers and investors will turn their back on BTC to BCC and invest more money in to it???   


     
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July 31, 2017, 07:45:01 AM
 #14

Everything will be fine - as we see there is no reason for panic
price for 1 bitcoin is the same

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July 31, 2017, 07:45:32 AM
 #15

So, what’s happening on 1 August 2017?

Even though Segwit allows for increased transaction throughput, not everyone is happy with its implementation. After BIP 91 was locked in, a group of developers, miners and users suddenly announced that an altcoin known as Bitcoin Cash (or BCC) will be created, a fork from the current Bitcoin branch and it will (among other things) not support Segwit.

At this time it is highly unlikely that Bitcoin Cash will have significant support from all the right stakeholders — miners, developers, platforms and users.

Most Bitcoin platforms, will not be supporting Bitcoin Cash. Customers who want access to Bitcoin Cash tokens will have to withdraw their Bitcoin from the platforms to a Bitcoin Cash-compatible platform before 1 August 2017. I can’t make any recommendations for any other platforms for now.

What do you think will happening next?

No and yes. It's a no because, as I see it, there will be two types of bitcoin after August 1. Just not sure if this is a healthy move in the crypto space considering bitcoin has already established itself as the front runner of virtual currencies. The strategy behind this move remains unclear and I don't clearly understand why there must be a Bitcoin Cash when there's Bitcoin, which is a solid decentralized brand.

Yes because of this question: Are they trying to have another version of bitcoin to compete with ethereum? In my understanding, the competition must be Bitcoin vs Ethereum. Not Bitcoin vs Bitcoin Cash.  

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July 31, 2017, 07:48:15 AM
 #16

Nah, probably everyone will be surprised at how boring the whole thing will be. There's a chance of a major split related to BIP91/BIP148, but that seems awfully unlikely at this point (and actually the risk of this does not completely die off until around Aug 10). And while Bcash will split, it'll probably be worth next to nothing, so everyone will end up scrambling to get "free coins" worth less than 1% of their BTC.

That's what troubles me. Everyone seems so sure of this (and I was feeling sure of it, too). But judging by the reaction from exchanges, there could be more demand than I expected. We really can't predict future demand for BCC, as much as it appears to be a shitcoin to us.

Unfortunately, a lot of people might lose bitcoins in trying to sell their BCC. I assume there's no time left to add replay protection at this point...

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July 31, 2017, 07:48:54 AM
 #17

about 1 august, im pretty curious because how people will react when they got big amount of coins which worth few hundred dollars, whether they'll make a huge mass dump and make the coins they got dead or holding it  and keep the coins alive.
the split will be recorded in history man!

Hope so my friend, but I think BCC will at least grab the attention of media not for once but many time as direct result of Bitcoin chain split and the BCC price is going to be more cheap alternative to own than main BTC. Don't you think because of that, may be the price of BCC will continue to emerge until the price surpass that of Bitcoin?


     
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July 31, 2017, 07:49:20 AM
 #18

I think there will be generation of new era leading to increased bitcoin price due to fork being hard on BCC. As we all know from the coin telegraph news segwit2x received tremendous support and is being watched by almost everyone, the traditional bitcoin will get boosted up. The BCC is made with dumbest decision and people will drop the idea real soon. That's what will happen really.

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July 31, 2017, 08:00:36 AM
 #19

Nah, probably everyone will be surprised at how boring the whole thing will be. There's a chance of a major split related to BIP91/BIP148, but that seems awfully unlikely at this point (and actually the risk of this does not completely die off until around Aug 10). And while Bcash will split, it'll probably be worth next to nothing, so everyone will end up scrambling to get "free coins" worth less than 1% of their BTC.

That's what troubles me. Everyone seems so sure of this (and I was feeling sure of it, too). But judging by the reaction from exchanges, there could be more demand than I expected. We really can't predict future demand for BCC, as much as it appears to be a shitcoin to us.

Unfortunately, a lot of people might lose bitcoins in trying to sell their BCC. I assume there's no time left to add replay protection at this point...
A lot of coins started as shitcoin including bitcoin itself, if you remember the early days of bitcoin back 2009 you know what im talking about. What im trying to say here is that bitcoin has already build itself to the certain level which is worth a lot nowadays, and I think Bitcoin Cash is going to leverage that to build itself too, as it is going to be more cheaper, affordable and the perfect altcoin for BTC. I'm worried about how the price of BCC is going to be... but BCC has huge potential, though Smiley


     
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July 31, 2017, 08:05:32 AM
 #20

seriously D-day! you are way overacting to this...

this is just a fork like many other forks from bitcoin to create a new altcoin. this one is different only because it was advertised more. there are currently at least 2 other altcoins that forked from bitcoin that are also doing the same airdrop with a different approach and they have a different chain. but you don't know about them because their creators weren't rich enough to advertise it on the same level as BCC.

of course there is more to BCC than this, but what I said is basically the main reason why everyone knows and talks about it.

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