BCC on Bitfinex

[WiiD]

I see BCC on Bitfinex is already trading and there are trades executed.
How is that possible? I thought BCC is available from tomorrow?

How do people get BCC on Bitfinex to trade them there?

[1714977693]

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[NeuroticFish]

Maybe they are BCC futures.
At some point there were BU futures at an exchange.
I find them at the edge between speculation and scam, but that's me.

[Serpens66]

BCC is NOT Bitcoin Cash!

Btc cash will be "BCH":
https://www.bitfinex.com/posts/212

[tokeweed]

That's probably BCC futures.  Bitfinex is known to offer futures trading from time to time.  If I'm not mistaken they were thinking about listing a BU/BTC trading pair before?  But I'm not to sure about that.

Anyway the price looks good.  Volume sucks tho.

[iram1011]

BCC is NOT Bitcoin Cash!

Btc cash will be "BCH":
https://www.bitfinex.com/posts/212

Yup, they have abbreviated Bitcoin Cash as BCH and not BCC. The trading pair of BCC/BTC is most probably BitConnect coin.
https://coinmarketcap.com/currencies/bitconnect/

[Roccker]

http://hackingdistributed.com/2017/07/29/bitcoin-impending-accounting-disaster/

that sounds bad


but actually what he is talking about cannot happen i guess because bitfinex writes:

Due to the net amount of BTC committed in margin positions at the time of the fork, the above methodology may result in Bitfinex seeing a surplus or deficit of BCH. As such, we will be resolving this discrepancy in the form of a socialized distribution coefficient. For example, currently, there are more longs than shorts on the platform, causing a distribution coefficient of ~1.091 (Meaning that for each qualifying BTC a user will receive 1.091 BCH). The actual coefficient will be calculated at the moment of the distribution. Please note that if there are more shorts than longs at the fork event, this coefficient will be less than one. This coefficient can be roughly computed from publicly available information from our API (longs & shorts) and the Blockchain (cold storage).

[mrayazgul]

I see BCC on Bitfinex is already trading and there are trades executed.
How is that possible? I thought BCC is available from tomorrow?

How do people get BCC on Bitfinex to trade them there?

1. Follw these steps to get fee BCC
2. You need to copy of you wallet file or privatekey of your BTC addy
4. BCC will release new wallets
5. If you import your private key into BCC then you will get same amount of BCC
6. before importing you can move your BTC into another addy also
5. If you import your private key into BCC WALLET*** then you will get same amount of BCC

[pearlmen]

I see BCC on Bitfinex is already trading and there are trades executed.
How is that possible? I thought BCC is available from tomorrow?

How do people get BCC on Bitfinex to trade them there?

1. Follw these steps to get fee BCC
2. You need to copy of you wallet file or privatekey of your BTC addy
4. BCC will release new wallets
5. If you import your private key into BCC then you will get same amount of BCC
6. before importing you can move your BTC into another addy also
5. If you import your private key into BCC WALLET*** then you will get same amount of BCC

Based on this, this is the process I would appreciate the time to do this because I want to know whether its going to be after the fork or before the fork considering someone can buy more bitcoin after the coin before importing it, in other to get more BCC. And also what if one imports, and the fork didn't eventually happen, what will happen to the keys imported?

[supercops]

I see BCC on Bitfinex is already trading and there are trades executed.
How is that possible? I thought BCC is available from tomorrow?

How do people get BCC on Bitfinex to trade them there?

1. Follw these steps to get fee BCC
2. You need to copy of you wallet file or privatekey of your BTC addy
4. BCC will release new wallets
5. If you import your private key into BCC then you will get same amount of BCC
6. before importing you can move your BTC into another addy also
5. If you import your private key into BCC WALLET*** then you will get same amount of BCC

So the entire process is not as automatic that wallet providers are making it look to everyone who holds their btc with them.
Hmm. Sounds too difficult for the normal person who just has an iphone wallet to do their purchases with.
To copy private keys and such things like this will baffle these type of people and I am beginning to think..
that is what the creators of Bitcoincash is counting on!
So to confuse the masses and not having them redeem their so called "Free coins!".

[LeoC]

BCC on Bitfinex is BITCOIN CORE

[supercops]

BCC on Bitfinex is BITCOIN CORE

And Bitconnect on coinexchange.io

And your point is?

This alt coin naming format was rushed out the door and not thought out very well.

[LeoC]

BCC on Bitfinex is BITCOIN CORE

And Bitconnect on coinexchange.io

And your point is?

This alt coin naming format was rushed out the door and not thought out very well.

OP is talking about Bitfinex, so GTFO out of here with coinexchange.io
Either way, anything that isn't called BTC is an impostor and should be avoided.

[supercops]

BCC on Bitfinex is BITCOIN CORE

And Bitconnect on coinexchange.io

And your point is?

This alt coin naming format was rushed out the door and not thought out very well.

OP is talking about Bitfinex, so GTFO out of here with coinexchange.io
Either way, anything that isn't called BTC is an impostor and should be avoided.

These exchanges are not abiding by the same standard naming convention when it comes to this stupid alt coin.

So just queue it up to that.

[dr blowfin]

The BCC on Bitfinex is a 'chain split token'...

https://www.bitfinex.com/posts/195

Somehow it's just spiked to nearly $4k!

https://cryptowat.ch/bitfinex/bccusd

Can't say that I really understand how it works to be honest.

[Serpens66]

The BCC on Bitfinex is a 'chain split token'...

https://www.bitfinex.com/posts/195

Somehow it's just spiked to nearly $4k!

https://cryptowat.ch/bitfinex/bccusd

Can't say that I really understand how it works to be honest.

that happens when people spreading FUD that BCC on finex is Bitcoin Cash... (and then people saw it is worth 2900$ while they expected 100$, so they thoght it might not be that bad -> buy)

[fluidjax]

Crypto Currencies and exchanges are separate entities. Thats why an exchange can run a fractional reserve.
Its just a website and a database, they can trade anything they want, seed the order book with anything they want.

The Crypto Currency is only important when someone wants to deposit/withdraw, this is when that website & database actually connects to the cryptocurrency blockchain and instructs an movement of coins, until then its just virtual virtual currency

If deposits/withdrawals are locked, then the only real connection between what you see on  the screen and what happens on a blockchain is in your mind.

[JosNekoKopa]

We need decentralized exchanges, those corrupted exchanges can issue their own tokens and sell it to you for your real money. And if they are from the third world countries you can kiss your money for goodbye. We have already bunch of good projects why we don't use them? After BTC-e i just don't have confidence in any of them.  Also BCC is not big deal for me so i will wait it on Trex.

[abercrombie]

http://hackingdistributed.com/2017/07/29/bitcoin-impending-accounting-disaster/

that sounds bad


but actually what he is talking about cannot happen i guess because bitfinex writes:

Due to the net amount of BTC committed in margin positions at the time of the fork, the above methodology may result in Bitfinex seeing a surplus or deficit of BCH. As such, we will be resolving this discrepancy in the form of a socialized distribution coefficient. For example, currently, there are more longs than shorts on the platform, causing a distribution coefficient of ~1.091 (Meaning that for each qualifying BTC a user will receive 1.091 BCH). The actual coefficient will be calculated at the moment of the distribution. Please note that if there are more shorts than longs at the fork event, this coefficient will be less than one. This coefficient can be roughly computed from publicly available information from our API (longs & shorts) and the Blockchain (cold storage).

Yea, the author conveniently left out the distribution coefficient. 

[buwaytress]

The BCC on Bitfinex is a 'chain split token'...

https://www.bitfinex.com/posts/195

Somehow it's just spiked to nearly $4k!

https://cryptowat.ch/bitfinex/bccusd

Can't say that I really understand how it works to be honest.

that happens when people spreading FUD that BCC on finex is Bitcoin Cash... (and then people saw it is worth 2900$ while they expected 100$, so they thoght it might not be that bad -> buy)

Haha! I knew this was bound to happen when they chose to use BCC. Confused newbies, confused veterans and careless traders are bound to mistake coins like BitConnect. The other BCCs must be enjoying some unintended volume.

[PokerDiceMan]

i think much exchanger this now support and accepted bitcoincash trade
not only bitfinex, bittrex this now open market bitcoin cash too