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Author Topic: Do we own two bitcoins?  (Read 920 times)
shamzblueworld
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September 29, 2017, 10:15:18 AM
 #21

To you guys who have owned Bitcoin for a while.

As long as you did not have your BitCoin on a bitcoin-stockexchange, during the split, you now have both BitCoin cash and Bitcoin core, right? 

As long as you created your address on BitAddress, and then memorized the address in your head, on a paper or in cold storage, you now have both types of BitCoin, right? 

Is there some other scenario in which you now only have one BitCoin, except for those who had their BitCoin on an exchange during the split?

If you have two BitCoins, how do you go about selling your BitCoins now? And how do you know if you are selling Bitcoin Core or Bitcoin Cash? 



I think even in the exchanges, the amount of bitcoin one held on the date of split, they credited the same amount to their bitcoin cash wallet too, I know this happened at poloniex. Don't know about other exchanges though.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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September 29, 2017, 10:20:34 AM
 #22

To you guys who have owned Bitcoin for a while.

As long as you did not have your BitCoin on a bitcoin-stockexchange, during the split, you now have both BitCoin cash and Bitcoin core, right? 

As long as you created your address on BitAddress, and then memorized the address in your head, on a paper or in cold storage, you now have both types of BitCoin, right? 

Is there some other scenario in which you now only have one BitCoin, except for those who had their BitCoin on an exchange during the split?

If you have two BitCoins, how do you go about selling your BitCoins now? And how do you know if you are selling Bitcoin Core or Bitcoin Cash? 


That has been the came question that has been going through my head for a while now, I have been wondering if we own two bitcoins, articles have been springing up from different sources on the web all telling about a new bitcoin cash
I think it is personal. Why would somebody tell you about his holding, that h you many bitcoin he has in his bitcoin wallet. It is I think just like that I asked from someone whom I don’t know that how much money you have in your bank account.

So I think this is irrelative question. I am holding more than one. What you think about this? Is this enough for my future, or I should buy more bitcoin.
Do you even know what this thread is about? Have you even properly read the topic and reply you're answering to or are you just posting some nonsense to increase your post count?

This thread is about Bitcoin cash, not about whether you have 2 Bitcoins or not. Everybody who had access to the private key of his wallet on the time of the split between Bitcoin & Bitcoin Cash received an amount of Bitcoin Cash equal to his amount of Bitcoin at the time of the split.

I really don't see how this could be that confusing for some people....

DoublerHunter
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September 29, 2017, 12:05:00 PM
 #23

Yes, we have two bitcoins. We have the original version of bitcoin and the clone bitcoin which is called bitcoin cash. The only difference is, the price of bitcoin (original) is higher or almost x10 of the price of bitcoin cash so it is easy to tell that bitcoin is the best cryptocurrency even there is another kind of bitcoin in the market.
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September 29, 2017, 12:09:32 PM
 #24

you have only ONE bitcoin and will always have ONE bitcoin no matter what is going on in the world of cryptocurrencies.

what you additionally have is an airdrop. there are actually a lot of them. at least 8 of them are currently running and you can claim them as long as you (1) hold your private keys (2) had any balance in those addresses prior to certain block heights.

the active airdrops that i can remember are as follows:
BitCore
Byteball
Bitcoin Cash
Stellar


As much as I hate bitcoin cash, I disagree with you, I dont consider the fork an airdrop. I wish it were, but I find it much more hostile than that.

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Hasbro27
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September 29, 2017, 12:44:18 PM
 #25

for now i do not have bitcoin because time is bitcoin split i sell my bitcoin, because my prediction bitcoin price will go down, but my prediction is wrong so i do not get bitcoin cash.
ahmedjamal1998
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September 29, 2017, 12:57:47 PM
 #26

They're two seperate coins. There is only one BITCOIN. The other altcoin is called bitcoin cash.
They have two separate wallets. When the split happened we had to be an exchanged that supported BCH like bittrex.

We received the free airdrop coins and later on were allowed to trade them, withdraw them and do anything with them.
It's just like any new coin, you have to download its own wallet create a new address and use that.

There is no interference between them as you think that they got mixed up together.
Radoyan1188
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September 29, 2017, 01:20:51 PM
 #27

I don't have 2 btc. I earn some btc with trade but I don't keep it. regularly I buy other coin and hold it some time this way growth my btc. I use coinbase wallet
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September 29, 2017, 06:37:45 PM
 #28

And since November this year, after another hard fork, the third bitcoin BitcoinGold may appear. If the two bitcoins have some confusion, then when the third bitcoin appears, this confusion will only increase.
Altas
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September 29, 2017, 07:03:54 PM
 #29

And since November this year, after another hard fork, the third bitcoin BitcoinGold may appear. If the two bitcoins have some confusion, then when the third bitcoin appears, this confusion will only increase.
That's not correct. The splitting does not term it to be second or third bitcoin. It gets splitted from the main chain and generating a value for it. Based on the fact it gets added to the list of altcoins and it never gets considered as an bitcoin just because of its name and splitting from the major chain.
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