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Author Topic: Are You Nervous About - August 1 is D-day!  (Read 3302 times)
jimhash
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July 31, 2017, 08:31:23 AM
 #21

This BCH hard fork sounds sort of like an "optional stock spinoff" in the traditional equity stock market world, with the exception being that here shareholders may "elect" their units anytime (someday) after some ex date instead of before.

As far as BCH futures market price, it might relate to the premium over BTC of bulk offerings from The BTCC Mint.
The BCH "entitlement", would be based on your settled position come 12:20 UTC Aug 1st.  With BTC also valued higher due to the "utility" that it exists today.

I wonder post-fork if it would make sense to assume that there are two BTC share classes:
  • coins which still hold corresponding units on the BCH blockchain.
  • coins that don't, and have already exercised (traded away) their BCH entitlement.
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July 31, 2017, 08:37:41 AM
 #22

I am not nervous but curious about what will be happen, how this chain split will works?
How the miners or some of them will support bitcoin cash? including the fate of some exchanges which has stated will support it?
Whether those exchanges should be prepared to pay many people who want to cash out or exchange bitcoin cash for bitcoin or another altcoin?
Or, there would be some people/investors who will defend for bitcoin cash?
And all I have to do is secure my private keys and not do any transaction on August 1st.
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July 31, 2017, 08:40:53 AM
 #23

For my opinion the hardfork on August 1. will not effect Bitcoin price significantly. But I like the possibility to gain the Bitcoin Cash for free. (Also the exchanger Bittrex and some bet sites support the split.) What I understood is, that in November could come a second hardfork, that could be more important than August 1.
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July 31, 2017, 08:52:00 AM
 #24

No i don't nervous about bitcoins hard fork because i have made anticipate if bitcoin's hard fork doesn't be succesfull with exchange some bitcoins to another altcoins are like ethereum, ripple, ethereum classic and other. So if bitcoins or bitcoins cash be dumped by stakeholders and the price of them goes down, i still have money in the altcoins.
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July 31, 2017, 08:59:25 AM
 #25

Im not scared or nervous at all in this coming august 1 because i already made my preparations for this day. And honestly im pretty optimist that this coming update bitcoin will still sit at the top of the cryptocurrency and the price of it eill remain high or even go higher
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July 31, 2017, 09:01:49 AM
 #26

My concern is basically for Post August 1 and that is because the phobia of this coming days has hold us for too long even since several months ago, various ups and downs have been linked to it despite several other events that have happened to the crypto world. I just want this to pass so we can have more challenge to deal with and post August 1 will be a determinant to that whether BTC is ready for the future or not.
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July 31, 2017, 09:19:24 AM
 #27

I'm not nervous about the upcoming BIP91, in fact, I'm very much excited because I'm going to receive Bitcoin Cash equivalent to my stored Bitcoin. The opinion of the public was divided on this event. Many people agrees with it and there are some who are against it. Let us just be optimistic about it and focus on just hope and pray that after this, everything will be a profitable for Bitcoin owners/users.


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iamTom123
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July 31, 2017, 09:33:52 AM
 #28

Things are already clearer by now. August 1 will come and nothing unexpected event will take place. We already know what will happen. And although there will be that announced fork and the resulting Bitcoin Cash...the market has already moored somehow. This can be the reason why Bitcoin's value has not dropped even while I am making this reply.

So there is nothing to be nervous about. People who can be thinking to have some free BitcoinCash should have transferred their Bitcoin to Bittrex as it has announced its support for BCC but I think it is already too late to make a transfer by now.

What we should be starting to be concerned is the next round in November...now that can be something we can talk about in another post.
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July 31, 2017, 10:12:41 AM
 #29

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.

Makes sense. It's a bit surprising to me that the price hasn't fallen over the last few days because of the uncertainty. Seems like everyone feels pretty confident about BTC.
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July 31, 2017, 10:14:28 AM
 #30

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?
Instead of guess tomorrow we will know the results. I'm very curious about what will happen with it upcoming. Hope is not something wrong.

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July 31, 2017, 10:16:09 AM
 #31

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.

Makes sense. It's a bit surprising to me that the price hasn't fallen over the last few days because of the uncertainty. Seems like everyone feels pretty confident about BTC.

Just 13 hours before seeing the effect of this feared date. However, we don't need to nervous about it but rather this is exciting times for bitcoin. Instructions has been laid out on how to deal with the event. I will just try to get that free BCC after everything has settled down. Not willing to do after Aug 1 as there might be issues. My coins are safe in my Electrum wallet so no need for me to worry.

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July 31, 2017, 10:21:33 AM
 #32

I'm sure that very soon we will all find out there was actualy no reason to be nervous about. Some are looking forward to BCC thinking they could make some profit although I think that is not actualy going to happen because the value will be pretty low and everyone will try to,sell as soon as possible so price will go even lower.
And for Bitcoin I expect to become even str than before.

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July 31, 2017, 10:26:20 AM
 #33

Not nervous at all. BIP91 was a much better solution then the split and BCC is just a money grab in my opinion. A few more weeks and we can go back to the bull market on both BTC and all altcoins. I think that October and November will see new ATHs all over the crypto sphere and I am very much looking forward to it Smiley

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July 31, 2017, 10:32:03 AM
 #34

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.

There is no need to withdraw your Bitcoins to another platform before August 1. You must just know your private key. In this way, you have access to Bitcoin Cash whenever you want. Definitely there will be some wallets in future and you can use them if you know your private key.



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July 31, 2017, 10:35:12 AM
 #35

I'm not that nervous to be honest, just super excited and interested in what will happen. I feel like a 10 year old on the night before Christmas, hoping to not get disappointed if I get a bad present.

If bitcoin forks, prices fall no doubt. What if that doesn't happen? I guess prices rise.

No matter what, bitcoin will become stronger through this, but of course everyone wants the prices to rise, unless you want to get some cheap bitcoin.

Prep your wallets, get a cup of coffee and lets watch the prices rise/drop.


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Kyraishi
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July 31, 2017, 10:36:43 AM
 #36

It is likely that after a few weeks bitcoin cash will just completely be dumped to the ground and people keep on using bitcoin as usual. I doubt it'll be like Ethereum classic and ethereum, with ethereum classic still clinging onto a decent price level after 1 year.

There is really nothing to be nervous about. If you hold your own private keys then you'll be getting both the bitcoin core bitcoin and the bitcoin cash altcoin - and you have the choice of doing whatever with both of them.

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.

There is no need to withdraw your Bitcoins to another platform before August 1. You must just know your private key. In this way, you have access to Bitcoin Cash whenever you want. Definitely there will be some wallets in future and you can use them if you know your private key.

There is. If you are using a web wallet then you definitely NEED to send your coin to another wallet which you personally own RIGHT NOW, or you'd be risking to lose whatever token the platform doesn't support.

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July 31, 2017, 10:43:14 AM
 #37

I'm sure that very soon we will all find out there was actualy no reason to be nervous about. Some are looking forward to BCC thinking they could make some profit although I think that is not actualy going to happen because the value will be pretty low and everyone will try to,sell as soon as possible so price will go even lower.
And for Bitcoin I expect to become even str than before.

Yes. BCC is just a altcoin although its free, its has no value and people will quickly sell it and they got the opportunity.  As for bitcoin, I'm very positive that the outcome of the split will just make bitcoin stronger and the price will steadily rise into the future. I guess most of the members are not nervous but rather optimistic to see that finally we are going to cross this date with flying colors.

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July 31, 2017, 10:47:39 AM
 #38

I am excited and we will have cheap transaction fee on BTC.
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July 31, 2017, 11:34:17 AM
 #39

never nervous, because i dont have bitcoin  Grin
i just looking for altcoin right now.
and why i should nervous if i have bitcoin? we can earn coin again and again


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July 31, 2017, 11:35:41 AM
 #40

Feeling great actually, as I'm just gonna wait and watch what's gonna cook in the crypto pot. :-)


I have moved all my funds in safe place and I'm nit wishing to get interfered with BCC neither I wanna interfere her. So I'm on safe side of the wall and just here to watch. So it's kinda fun.



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