So I sold my BCC ...

[Dudeperfect]

I won't say that you took a wrong decision but yes the timing was wrong if you consider the speculative gain.  Now coming back to your topic, it was the first time when something happened like this and suddenly market cap was created but there is a catch, it was not imaginary figure. There were investors other than Bitcoin holders and they invested in BCH which caused a rise in BCC value. We know the top 500 Bitcoin wallets hodl most of the Bitcoins out there and I don't think that all of them have claimed and sold BCC. Technically there is no reason that can stop another fork.

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[rebel92]

They forked BTC and made BCC.  This means I had some BCC I never paid for, so I just put it in an exchange and brought some BTC with it.  Now, I only had 0.3 BTC but there must be with loads who have a darn sight more and who got a LOT of BCC for nothing.  This raises some questions.

• Can it be good for the crypto economy if a load of money suddenly appears out of nowhere?
• How much BCC immediately got converted back into BTC?
• What's to stop people forking again, just to make a killing like this?

Was BCC good or bad in this respect?

Bitcoin is supposed to be gold 2.0. If Bitcoin cash will simply be created out of thin air and destroy Bitcoin. Then crypto is finished. even as very much like scam as fiat currency, except not regulated so the rich completely control the crypto market.

But..Let's just hope that Bitcoin forks again so that we'll get yet another free coin!

You're talking as if Bitcoin cash hasn't happened yet? Literally nothing happened to Bitcoin or crypto when it was created, I don't even see how it could have destroyed Bitcoin, like you mentioned.


These forks aren't exactly good for Bitcoin, but it doesn't seem to affect the price much either.

I meant if the BCH become more expensive than BTC thats really disappointing  

[rebel92]

They forked BTC and made BCC.  This means I had some BCC I never paid for, so I just put it in an exchange and brought some BTC with it.  Now, I only had 0.3 BTC but there must be with loads who have a darn sight more and who got a LOT of BCC for nothing.  This raises some questions.

• Can it be good for the crypto economy if a load of money suddenly appears out of nowhere?
• How much BCC immediately got converted back into BTC?
• What's to stop people forking again, just to make a killing like this?

Was BCC good or bad in this respect?

Bitcoin is supposed to be gold 2.0. If Bitcoin cash will simply be created out of thin air and destroy Bitcoin. Then crypto is finished. even as very much like scam as fiat currency, except not regulated so the rich completely control the crypto market.

But..Let's just hope that Bitcoin forks again so that we'll get yet another free coin!

You said exactly what I was meant to say. Almost every country engages in the Fiat scam heaven did not fall. . Just like some are pretending like criminals don't use Fiat for crimes except Cryptocurrency. Just hope the shame isn't carried over to the Cryptocurrency World though.

Yeah, we hope this does not happen in Cryptocurrency world. In the blockchain we trust !

[13abyknight]

They forked BTC and made BCC.  This means I had some BCC I never paid for, so I just put it in an exchange and brought some BTC with it.  Now, I only had 0.3 BTC but there must be with loads who have a darn sight more and who got a LOT of BCC for nothing.  This raises some questions.

• Can it be good for the crypto economy if a load of money suddenly appears out of nowhere?
• How much BCC immediately got converted back into BTC?
• What's to stop people forking again, just to make a killing like this?

Was BCC good or bad in this respect?

As the main chain BTC was forked, it gave rise to Bitcoin Cash as we all know which was attained at 1:1 for holding onto existing Bitcoin. It clearly created a market for another coin with its own cap so you could treat it as any other altcoin but the main difference being the support offered to this new coin.
Yes it does look like money is being created out of nowhere and it very much the situation if at all more forks happen in the future.

[grermezter]

They forked BTC and made BCC.  This means I had some BCC I never paid for, so I just put it in an exchange and brought some BTC with it.  Now, I only had 0.3 BTC but there must be with loads who have a darn sight more and who got a LOT of BCC for nothing.  This raises some questions.

• Can it be good for the crypto economy if a load of money suddenly appears out of nowhere?
• How much BCC immediately got converted back into BTC?
• What's to stop people forking again, just to make a killing like this?

Was BCC good or bad in this respect?

There is nothing such as a free lunch but if one is offered then its good to take it. Its the choice of the exchanges to offer free money to those who have Bitcoin with their exchanges and i think they will lose out be giving it for free considering all that they make. And who knows they even got more money by giving out the BCC for free.

[RodeoX]

Something you get for free is worth ___________.

[DreamTeamGG]

Can it be good for the crypto economy if a load of money suddenly appears out of nowhere?[/li][/list]

Of course not. What if everyone who has some cryptocurrency would create some amount of the same currency, the present amount of cryptocurrency will depreciate.

[Dart18]

Those who have loads of BTC in the exchanges are happy about it and they started supporting it but for what expense? They didn't even know what effect it will deal with the bitcoin value someday if ever the investor are divided. They should have just profited from that airdrop and then stay away from it.

[Red-Apple]

Truth isn't determined by popularity.

it is. it shows consensus of the overwhelming majority.

Price doesn't reflect the righteous implementation,

it does. it shows demand.

it is merely  a market based reality created by trader's current perceptions.

traders are part of the demand only. and although price is not all there is. but it is the first thing that catches the eye. then there is merchant adoption, the services such as Bitpay, wallets,... adopting it.
and bitcoin cash has none of it.

Bitcoin Cash should have been implemented without a fork retaining the BTC ticker but it was made impossible by obstructionists who favor limiting block size, increasing tax, and changing bitcoin from a currency to a settlement system.

bitcoin cash would have been implemented without a fork like that only if the intentions of its forkers were something other than malicious.

The argument has been made and I agree that the core camp is putting the cart before the horse. They expect BTC to be a digital gold, a store of wealth, yet they betray the economic principles which allowed for its success. When I first got involved in 2011 with Bitcoin my mind was not set on holding Bitcoin in the hopes of ever increasing value but rather I was immensely impressed with the ability to send money quintessentially fee-less across the globe in a matter of ten minutes.

i may agree with this part to some extent under a certain circumstance but the issue is that bitcoin cash is not solving anything by increasing the block size to 8 MB! it makes 0 difference while causing more issues down the road.

Until Segwit 2x is resolved in November this battle is not remotely close to being over, only after the outcome of segwit 2x is clear will the future of BCH vs BTC begin to be visible.

the "war" is never over with bitcoin. even after SegWit2x.
and still BCH is not solving anything!

[endaiin]

I think BCC just like another altcoin, but with a little special because it hardfork from BTC. The Bos still Bitcoin BTC. .

[diguyo]

For me Cash is too incremental to be successful - I don't think that technically speaking BTC is the best out there, but it has the reputation, the market place and more stability and security. Cash is effectively an altcoin, and altcoin without that positioning and pedigree against many other coins, all of which have a better reason to exist and a better project.

[thirdprize]

Just to experiment, I have put the money I got from my BCC into an exchange and am going to have a go at trading.  It is money I can definitely afford to lose as it didn't cost me anything.

[Vishnu.Reang]

They forked BTC and made BCC.  This means I had some BCC I never paid for, so I just put it in an exchange and brought some BTC with it.  Now, I only had 0.3 BTC but there must be with loads who have a darn sight more and who got a LOT of BCC for nothing.  This raises some questions.

• Can it be good for the crypto economy if a load of money suddenly appears out of nowhere?
• How much BCC immediately got converted back into BTC?
• What's to stop people forking again, just to make a killing like this?

Was BCC good or bad in this respect?

1. No. In most of the cases, it can cause the devaluation of the other currencies.
2. May be 70% to 80% of those who claimed BCH immediately converted their coins to BTC or fiat.
3. The BCH forking/clone/altcoin succeeded because they were backed by a lot of the early adopters and developers. I don't think that the future forks will succeed in receiving that sort of support.

[x2666]

Truth isn't determined by popularity.

it is. it shows consensus of the overwhelming majority.

Price doesn't reflect the righteous implementation,

it does. it shows demand.

Bitcoin Cash should have been implemented without a fork retaining the BTC ticker but it was made impossible by obstructionists who favor limiting block size, increasing tax, and changing bitcoin from a currency to a settlement system.

bitcoin cash would have been implemented without a fork like that only if the intentions of its forkers were something other than malicious.

You must not be very good with logic. What is so malicious about the Bitcoin Cash implementation? Don't talk about the hard fork, talk about as a soft fork.

I can tell you what is malicious about keeping the 1mb cap. Can you give me a single reason why a large cap is malicious? It simply allows all transactions to process, decreases fees tremendously. No malice. On the other hand, segwit is pushing the transactions off chain - defeating the purpose of a block chain. They intentionally stopped progress to allow fees to grow infinitely. What they refer to as spam transactions are simply  transactions that are permissible by the code - taxes are paid, there are totally legitimate reasons to send low values.

You are a close minded idiot incapable or unwilling to understand what has occurred in this fork. You are just another cow in the herd following the prevalent public opinion. Like it or not, many long-time Bitcoin users with deep pockets are stacking Bitcoin Cash. They are right to do so and there is nothing you can do to stop them, just sit back and scream the sky is falling while they accumulate the shares of all the idiots incapable of abstract logic.

[johanesrobin]

I think BCC just like another altcoin, but with a little special because it hardfork from BTC. The Bos still Bitcoin BTC. .

Unlike some levels of BTC, BCC remains attractive to trade. I think BCC is a free coin that will end with a cheap price.
In fact the price of BCC is rising, everyone regrets to have sold it, because they get it for free.

[thirdprize]

FWIW it is easy to get rid of you BCC. 

• Download a BCC wallet.  Electron Cash worked for me.  Link
• Hook it up to your BTC address by entering your private key into it.  As it is a fork of the block chain, the same key works for BCC and BTC addresses.
• Sign up with an exchange.  HitBTC are quite easy to join.  Link
• Transfer BCC into exchange address
• Use BCC to buy BTC

Simple as that.

[thirdprize]

Having spent the weekend dabbling with BTC trading, I think I will leave it to the brave and the experts.

[hardforkcoin]

They forked BTC and made BCC.  This means I had some BCC I never paid for, so I just put it in an exchange and brought some BTC with it.  Now, I only had 0.3 BTC but there must be with loads who have a darn sight more and who got a LOT of BCC for nothing.  This raises some questions.

• Can it be good for the crypto economy if a load of money suddenly appears out of nowhere?
• How much BCC immediately got converted back into BTC?
• What's to stop people forking again, just to make a killing like this?

Was BCC good or bad in this respect?

BCC was good and bad.

Good because the people who wanted it now have their own coin. It got rid of the toxicness that was everyone arguing all the time.

Bad in that it probably confused a lot of people. But most people don't know about regular bitcoin anyways, so it probably didn't confuse too many.

[layoutph]

Just try to accept and to survive whats happening now dude. I also got my BCC. I dumped it at the top. Now never attempt to buy it again, its a waste coin. Blame it to Roger Ver and Chinese miners.

I agree, having a new coin appearing from nowhere will confuse the market, this would create more and long price correction.

[9000]

Sold my free coins for bitcoin at a really good price, way above current price, never bought back and don't plan to do so in the future, a lot of bagholders this coin made.

Also miners are supporting this coin at loss, something really fishy is happening there.