World's Biggest AIR-DROP in History happening!

[Chandu141]

It is definitly the biggest Air-Drop in crypto history because whatever coins you have mentioned are something that people participated intentionally and those people are limited number.

whereas bitcoincash is something every person who got at least 1 satoshi got Free Air-Drop so i think there is no one who doesn't have at least 1 satoshi and hence there is no question of how and why Bitcoincash is the Biggest AIR-DROP in the history of Crypto currency on it's launch.

Not really, if you think of all the exchanges or wallets that people had BTC in that was not supporting the air drop then those people had to move the BTC to receive the air drop. So infact a large percentage had to participate in this by moving their coins.

So no, not every person that had 1 satoshi got an air drop at all.

Many exchanges provided Bitcoincash and most of them who have any amount of BTC are registered on these exchanges otherwise they won't be having BTC.

what is happening with people these days.. simply disagreeing whatever said by others without any explanation.

I don't understand why you are not agreeing this point that bitcoincash i sthe world's biggest air-drop and whatever other coins that mentioned in the past post , i don't even participated and no one said before that they are the biggest air-drop.
again bitcoincash is the only air-dop happened without anyon'es interest and intention to get registered for air-drop. it just came in to everyone's wallets balances as a surprise isn't it ? and what about other big air drop that you are thinking? did they send you coins without even asking ?

[Zionatin]

It's a bit wierd. I tried to explain it to my family. Yeah.... Lol.  The exchanges are all locked unless you had Bitcoin in there from the beginning then you can trade the given BCC. To me it's like getting a reward for having faith in the exchange. I just hope some more places that already accept BTC will begin accepting BCC too.

[aTriz]

Totally agree with this, the point of Bitcoin cash was for some people to just sell their bitcoin and move over to a new and supposedly better version of bitcoin, the one problem with that is that no one actually believed in Bitcoin cash, most people just claimed their free money, headed over to the exchanges and had some fun trying to turn that Bitcoin cash into some money. 

Most people have already sold and seem like just a matter of time before Bitcoin cash takes a huge dump and people give up.

Seems like Bitcoin is growing stronger per second, just a matter of time before it goes mainstream (hopefully).

[Rune]

I don't believe in bitcoin cash but it's pretty risky to sell all of your bitcoin cash because there is always the chance it starts taking over the hashing power then your left holding the wrong coin.

unless  you gonna try to buy the lows and sell the highs prob better to just hold both

[kotbi]

Do you guys notice the price difference and big fluctuation in different exchanges. Especially in huobi, they have at 20% higher price than any other exchanges.

[kotbi]

Currently, the bch, or bcc, or bcash, in most exchanges are priced at around 0.15 bcc/btc. At huobi, it's 0.18. way higher than other ones.

[darkangel11]

Currently, the bch, or bcc, or bcash, in most exchanges are priced at around 0.15 bcc/btc. At huobi, it's 0.18. way higher than other ones.

Oh, really? At Bittrex the current price is 0.25, yobit goes even higher to 0.31.
I don't believe these prices are stable, once they allow people to deposit we'll go much lower. Still it's a decent value for something that you didn't have to work to get.

[Chandu141]

Currently, the bch, or bcc, or bcash, in most exchanges are priced at around 0.15 bcc/btc. At huobi, it's 0.18. way higher than other ones.

Oh, really? At Bittrex the current price is 0.25, yobit goes even higher to 0.31.
I don't believe these prices are stable, once they allow people to deposit we'll go much lower. Still it's a decent value for something that you didn't have to work to get.

The difference is there as per the supply per exchange site. once the deposits / transactions of bitcoincash open , no wonder Bitcoincash go to 0.001 because of the huge free coin supply from all the bitcoincash holders from airdrop 

[phuckit17]

Well this is interesting..I have 100 btc ...bitcoin cash came out.....so I made like say 70,000 usd when
(BCH)guessing at $700 usd when BCH, hit the world. Thus according to my CPA and the link below, if you are a US Citizen you need to pay taxes on this supposedly) In that IF you held bitcoin more than 1 year and 1 day at 20% capital gains. If less than, 1 yr and 1 day its at 40% capital gains.

So again, say BTH hit the world at 700 bucks ..that is 70,000 usd and I'd owe the IRS on this pump of money
out of thin air 14,000 usd at 20% capital gains...even if within the week it drops to $12.

link

https://makebitcoingreatagain.wordpress.com/2017/08/02/bitcoin-cash-and-taxes/


MY strategy is to 'ignore' this....in that I HAVE NOT MADE A WALLET YET and as far as income
goes for mining...if it has not hit my (not made yet) bitcoin cash (BCH) address and wallet...that don't exist.


Otherwise, stuff like byteball (based on airdrop of btc address) and say bitcore...or other air drop'd
coins would simply...add value to my account without my knowledge...and then dump after the pump.
With you 'unknowingly' holding the bag...till the nice IRS man told you such

AGAIN THIS IS EVEN IF IT GOES TO NOTHING IN THE FUTURE...STILL, OWE ON THE INITIAL PUMP.
..again this is w/o any action on your part or you making a wallet. Nor any control on alt coins or
further bitcoin forks ...making money on a nice pump and dump racket, at your expense.

Myself, I am going with the idea, that if BCH has not hit my Bitcoin Classic (BCH) address wallet..yet (virgin)
..(does not exist) ...it is NOT income yet (like
mining...taxed when it hits your wallet and btc address, not the instant is it mined) because I shall claim 'cluelessness' of BCH existence until say in the future it is pointed out by the nice IRS man that I DO have free money. I will then 'gush' thank you and pay the taxes
if it keeps value, or I grovel, bit time,  and pay the above taxes, even when or if it dumps to 12 bucks.

This to me seems the ONLY sensible solution, otherwise....EVERYONE with any significant BTC will go to jail I guess..especially if the coin tanks to 2 bucks. I can't see a lot of people mentioning this to their CPA etc.

Can you imagine Satoshi coming out to the world and as soon as he claims from say one of his 100,000 btc wallets,
a previous never used, BTC wallet (if he is a USA citizen) the IRS coming along and saying, hey Satoshi, you also owe on a further 14 million
dollars of air drop'd BCH Bitcoin Cash out of the 700,000 BCH windfall...we will take a 14 million dollar check

Anyway, these are just my thoughts. I agree it is unlikely and unworkable, but the IRS is suing coinbase for ALL its customer base records, 
so that does not mean they will not try to be this stupid about this...this would be a great way to keep your job at IRS ..stupid or
not..all that shiny money to the IRS coffers!

Thoughts?

(Again all this is speculative and unlikely to amount to anything...but does get one's attention)

Thanks for reading this unlikely horror story and rant.

Take the poll, please.

Air drop of a TAX anvil? lol

[fishfishfish313]

Now that the dust has settled . . .

I'm going to be hunting setups for BCC.  In my view, and in light of btc breaking all time high tonight, Bitcoin Cash is an alt coin and until proven otherwise, needs to be treated as such.

I'll look for a structural bottom and be placing bids once the buyers start stepping up.  In the end, the goal for me is to acquire more btc. 

I do think that if you are not a trader, than holding on to some Bitcoin Cash is a good decision.  An earlier commenter said that the miners could switch their hash power over to the coin.  Some people think that BCC is more true to the original white paper.

This is crypto, anything can happen.  It's always best to be prepared.  And holding BCC is a pretty good idea imo.

[Smarty14392]

It will surely be the biggest airdrop in the bitcoin history. Many Bitcoin holders have already sold their BCC as it was given for free. People wpuld prefer exchanging BCC with BTC and then they would trade for BTC. BCC didnt affect the price for BTC yet but.

[SMSabuj]

Actually, I have not much BitcoinCash. Because all of my Bitcoin were invested. That's why I didn't get much BCH that time. The first time its value was so high. But it's going so low day by day. And I hope it will pump again. For that, my personal opinion is to hold BCH/BCC/BitcoinCash.

[ironm@n]

Yeah, since it has not affected the Bitcoin price, the only people who will not benefit from this event are those buying BCH high to sell low. This is also bringing some headache to exchanges and wallet providers.

[Sithara007]

BCH has lost almost half of its value ever since it was listed (as per the viaBTC rates). But even now, the BCH air-drop has proved to be much bigger than any of the other airdrops. Even at the current rates, the BCH airdrop gave coins equivalent of BTC0.08 for every BTC in your wallet. The closest example is that of Byteball, which gave around BTC0.012 per BTC last month.

[Juggy777]

Hello BCT,



So as of now most of you (who is holding BTC) have already got AIR-DROP of new BCC/BCH/Bitcoincash
What are you going to do with this new coin?
Are you going to Hold , Sell, already Sold? What is your prediction about Bitcoincash ?

I think people will sell all BCC and forget about Bitoincash



What is your opinion ?

There are people like me who won't even claim them, cause I don't feel comfortable that it can steal my coins. Plus look at its price it's going to disappear very soon, my advice would be to sell it and sell it fast make sure you are safe and make a good choice doesnt make any sense now to keep it. It's a alt coins and they don't last long, better jump the ship before it's to late.

[andrei56]

Many people are waiting when exchange will enable BCH deposits. But they are still not ready to do that due to current network conditions. Now I'm checking multiple exchanges many times a day to check current status of Bitcoin Cash.
When they will finally activate deposits, the real game will start. But I'm thinking to not hurry to sell BCH. Maybe I will wait when people who want to dump their coins, will make it. And after that, we'll see how markets will react.

i think when it happens, there will be no good future/price for BCC because there will be huge supply and this supply is nothing but an air drop aka free coins. we all know what happens with the free coins 

I just hope that these free coins are indeed free and that bitcoin does not end up paying the price for the greed of some miners, at the moment everything seems to be ok, but we know how volatile bitcoin can be, so I cannot wait for BCH to disappear and fail as project.

[hatshepsut93]

BCH airdrop is kinda genius, essentially it just moved Bitcoins from people who don't believe in Bitcoin (big blockers) to people who are confident in Bitcoin, in such a fashion that the latter didn't risk anything, while the former got exactly what they want - dead coin with no future. We have built the wall and made big blockers pay for it.

[KingdomHearts]

BCC faced $1200 on bittrex a couple of hours ago. Interesting point with this is that bitcoin price was not affected by this huge air drop. I just can't understand this. Under normal conditions, bitcoin price should have been dropped hard. But it didn't.

yes, i was watching BCC from the time it is active on yobit.
It crossed 0.4 from 0.1 then now it's fluctuating in between 0.3 to 0.4 but i think it's because Bitcoincash is still not yet ready to make transactions.
So far from the time , almost from 24 hours BCC got split from BTC has only three blocks mined officially (3 confirmations only)  so whatever BCC present on any exchange, only those amount are getting traded.
I think once the BCC chain gets more flexible and confirmations gets fasten by letting people transfer their coins here and there , the supply on exchanges will be huge and the price will definitely fall.

BCC is split from Bitcoin. From some past days we can see heavy trades between BCC and BTC. Many people sold their BCC for BTC.

BCC was just given for free for the amount of BTC you posses. The Bitcoin Cash blockchain is currently operating at 26% of the original chain's difficulty. There have been 75 blocks mined since the hard fork when I checked last time.

[Osarman]

How i can get some BCC.

If you want some BCC now, you have to purchase them from the exchanges. BCC was distributed to all those holding some amount of bitcoin in Exchanges supporting BCC. Users got the same amount of BCC as of BTC in thier exchanges. If you have some BTC before the hard fork, then you can perhaps get free BCC for it. Refer suitable threads for more help.

[khaled0111]

I think you should sell it and buy bitcoins it's safer. BCC is going down now while Bitcoin price is rising fastly.
At this moment, 1BTC = 3180$ and am sure it will reach 5k soon.
Holding bitcoin is the best strategy since it's the only coin that rises constantly.