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Author Topic: So everyone tells you to take your Bitcoins off the exchange before the fork!!  (Read 1917 times)
d5000
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August 05, 2017, 12:10:49 AM
 #41

Since transferring my Bitcoin Cash to Bittrex it has been showing as pending in Bittrex for around 5 hours now. I understand that Bittrex requires 20 confirmations so is there any easy way of seeing how many confirmations have occurred so far?

I am looking at the Blockchair site but it is quite confusing?
Have you got your coins now on Bittrex?

The Bitcoin Cash blockchain seems to work fine now, although it is still slow, with one block per ~2 hours, according to https://blockchair.com/bitcoin-cash/blocks. If Bittrex requires 20 confirmations then maybe you just will have to wait a bit more. If you still have problems, then you can send me a PM with your transaction ID and I look if it's confirmed. There is another block explorer with a simpler interface here: http://blockdozer.com/insight/

Only a personal opinion: There are a lot of Bitcoiners dumping Bitcoin Cash now. In your place, I would wait - at least with a part of the BCC - until the dump has concluded and the dead cat bounce begins Wink.

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August 05, 2017, 01:55:38 AM
 #42

Well I am starting to think this was the crappiest piece of advice you could give! Again more paranoia about exchanges that probably will just cost me money. If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet. So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets. And PLEASE no comments that are only partial in the answer. I need (plus many millions of others no doubt) on a foolproof process to get the coins out along with a wallet that can do this.

Well in my opinion, I really do think that the fork was just a conspiracy made by investors in order for the price of bitcoins to decrease. Though I do not have any evidences to support my claim, but almost everyone told me that I should sell all of my bitcoins or convert it to fiat. Let's say that most of the people before the fork sold their bitcoins, then the price of bitcoin will decrease, thus making this a perfect opportunity for investors.

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August 05, 2017, 02:08:38 AM
 #43

I think the main reason why people advised to removed their coins into exchanges is because some exchanges don't support BCH ergo the owner of the coins wouldn't receive them. It is nicely indicated in a local exchange that I use. However if you want to be in the action when the trading commenced, you could have transferred your coins to an exchange that supports BCH.

I agree with this because if exchanges don't support BCH, then you may need to move the Bitcoins if you think BCH might be worth something. Basically leaving Bitcoins on some exchanges means you forfeit the BCH. You can only get them if you hold the private keys to your Bitcoins before the fork or if an exchange decides to do the right thing and let you get access to both. That's the problem with a fork like this.
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August 05, 2017, 02:12:01 AM
 #44

I know right!! I sold all my bitcoins before fork happened because i read some shit news about bitcoin fork and i'm afraid the bitcoin price will fall so hard. But yeah, shit way shit move, that makes me lose some money because i don't get bitcoin cash. Lesson learned though, don't trust only from 1 information.
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August 05, 2017, 06:57:26 AM
Last edit: August 05, 2017, 07:11:48 AM by russelluk
 #45

Since transferring my Bitcoin Cash to Bittrex it has been showing as pending in Bittrex for around 5 hours now. I understand that Bittrex requires 20 confirmations so is there any easy way of seeing how many confirmations have occurred so far?

I am looking at the Blockchair site but it is quite confusing?
Have you got your coins now on Bittrex?

The Bitcoin Cash blockchain seems to work fine now, although it is still slow, with one block per ~2 hours, according to https://blockchair.com/bitcoin-cash/blocks. If Bittrex requires 20 confirmations then maybe you just will have to wait a bit more. If you still have problems, then you can send me a PM with your transaction ID and I look if it's confirmed. There is another block explorer with a simpler interface here: http://blockdozer.com/insight/

Only a personal opinion: There are a lot of Bitcoiners dumping Bitcoin Cash now. In your place, I would wait - at least with a part of the BCC - until the dump has concluded and the dead cat bounce begins Wink.

No still no Bitcoin Cash on Bittrex. It has been around 17 hours now and still showing as pending. I have sent you the Transaction ID

Also I just checked on  http://blockdozer.com/insight/ and I am at 10 confirmations - so should get them confirmed in another 17 hours I guess

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August 05, 2017, 07:24:12 AM
 #46

Yep, looks like you will have to wait some time. I also see the number of 10 confirmations on all block explorers (blockchair is really confusing, couldn't find the confirmation value there, but you can obviously count the blocks since it got confirmed).

Patience Smiley

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August 05, 2017, 07:44:44 AM
 #47

I moved my BTC off Coinbase before the fork because Coinbase doesn't support BCH.

help fight GFW: 1nkmtbqNDP53phPDSEvmEaTSv7cA2ZS9Z
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August 05, 2017, 07:56:42 AM
 #48

Yes, many of us took our coins away from exchanges before July 31. Then exchanges didn't scam and also sent BCH to BTC owners, who could sell them with high profits. So, most of us lose a big possibility to get tons of free money. But I don't think it was too much paranoia towards exchanges; I think it is always better to keep our coins on our own wallets, regardless forks or other similar things. It was just a case everything went fine this time. If exchanges scammed you wouldn't have said the same thing.
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August 05, 2017, 08:14:20 AM
 #49

Yes, many of us took our coins away from exchanges before July 31. Then exchanges didn't scam and also sent BCH to BTC owners, who could sell them with high profits. So, most of us lose a big possibility to get tons of free money. But I don't think it was too much paranoia towards exchanges; I think it is always better to keep our coins on our own wallets, regardless forks or other similar things. It was just a case everything went fine this time. If exchanges scammed you wouldn't have said the same thing.

It looks like we are getting our Bitcoin Cash from the paper wallets - it is just going to take a lot of time. I note the distrust for the Exchanges but surely places like Coinbase and Kraken have to be reasonably reliable. They both seem to be big on compliance and reasonably transparent about their audits. I dont work for either of them by the way  Smiley
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August 05, 2017, 09:09:23 AM
 #50

All have the same character but there is a good coin difference, so I will not know because the coin price is still the same, it takes several days to know all that.
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August 05, 2017, 09:13:55 AM
 #51

Is it the crappiest advice really? Well for me it is not as it is your money and you would do anything to protect it, we all know some Bitcoin exchange have a history of running your Cryptocurrency away from you so with this kind of event you must be better safe than sorry as you need to protect your assets. Also I think an advice like that won't hurt you because it won't do any difference while you are doing it.

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August 05, 2017, 09:17:51 AM
 #52

This kind of thread is completely retarded, sorry for being straight.
People who had their Bitcoin stored in Coinbase are now yelling for not issuing their Bitcoin Cash, and planning to sue Coinbase for causing them an opportunity to sell BCH at peak price.

I'd recommend you to learn independence thinking, you can't blame everyone for everything. (Most people do not appreciate the advice that helped them but blame those which didn't.  Huh)
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August 05, 2017, 09:47:45 AM
 #53

This kind of thread is completely retarded, sorry for being straight.
People who had their Bitcoin stored in Coinbase are now yelling for not issuing their Bitcoin Cash, and planning to sue Coinbase for causing them an opportunity to sell BCH at peak price.

I'd recommend you to learn independence thinking, you can't blame everyone for everything. (Most people do not appreciate the advice that helped them but blame those which didn't.  Huh)

Not really blaming anyone - the purpose of the thread is to get discussion and thoughts of others - you can have healthy discussion without being condescending Smiley

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August 05, 2017, 10:06:15 AM
 #54

I know right!! I sold all my bitcoins before fork happened because i read some shit news about bitcoin fork and i'm afraid the bitcoin price will fall so hard. But yeah, shit way shit move, that makes me lose some money because i don't get bitcoin cash. Lesson learned though, don't trust only from 1 information.

You lost quite a bit. Let me do the calculations. Imagine that you had 1 BTC before the split, and you had sold the coins for $2,700. Now the exchange rate is at $3,200 per coin, and the BCH exchange rates are going at around $240. So you lost around $740 by selling your coins. But don't get disheartened. Shit happens all the time. You need to move on with your life.
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August 05, 2017, 10:11:22 AM
 #55

This kind of thread is completely retarded, sorry for being straight.
People who had their Bitcoin stored in Coinbase are now yelling for not issuing their Bitcoin Cash, and planning to sue Coinbase for causing them an opportunity to sell BCH at peak price.

I'd recommend you to learn independence thinking, you can't blame everyone for everything. (Most people do not appreciate the advice that helped them but blame those which didn't.  Huh)

Not really blaming anyone - the purpose of the thread is to get discussion and thoughts of others - you can have healthy discussion without being condescending Smiley



So what, the general advice still stands - never keep your coins on an exchange. Take responsibility and control of your own money. You are simply criticising the advice because you are applying hindsight to it. Fact is no one knew what exactly would happen. We were in uncharted waters.

Mods it is really time to lock this thread.

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August 05, 2017, 10:14:21 AM
 #56

I know right!! I sold all my bitcoins before fork happened because i read some shit news about bitcoin fork and i'm afraid the bitcoin price will fall so hard. But yeah, shit way shit move, that makes me lose some money because i don't get bitcoin cash. Lesson learned though, don't trust only from 1 information.
The general advice here was not to listen to all the FUD and to simply ignore it, hodl, buy more, and keep your coins off the exchanges. This is gud solid advice for any genuine hodler. You fell for the FUD and we hear these types of story all the time. I guess you are new here?

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August 05, 2017, 10:20:25 AM
 #57

Well I am starting to think this was the crappiest piece of advice you could give! Again more paranoia about exchanges that probably will just cost me money. If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet. So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets. And PLEASE no comments that are only partial in the answer. I need (plus many millions of others no doubt) on a foolproof process to get the coins out along with a wallet that can do this.

The process of getting BCC for your paper wallet bitcoins , it is given but it is complicated and even their is a risk of lossing the btc in the process, It was really bad advice given by most of them to withdraw btc from exchanges as you told is correct that if you had btc in exchanges then you would have got immediately the BCC and traded on high rate. So now i think it was waste to claim BCC because the process is risky.
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August 05, 2017, 10:23:59 AM
 #58

This kind of thread is completely retarded, sorry for being straight.
People who had their Bitcoin stored in Coinbase are now yelling for not issuing their Bitcoin Cash, and planning to sue Coinbase for causing them an opportunity to sell BCH at peak price.

I'd recommend you to learn independence thinking, you can't blame everyone for everything. (Most people do not appreciate the advice that helped them but blame those which didn't.  Huh)

Not really blaming anyone - the purpose of the thread is to get discussion and thoughts of others - you can have healthy discussion without being condescending Smiley



So what, the general advice still stands - never keep your coins on an exchange. Take responsibility and control of your own money. You are simply criticising the advice because you are applying hindsight to it. Fact is no one knew what exactly would happen. We were in uncharted waters.

Mods it is really time to lock this thread.

Ok I will save the mods the time - I am locking this because comments are getting down to "trying to have the last word" which is rather childish
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