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Author Topic: attention about BCH fork  (Read 156 times)
bert1587 (OP)
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November 14, 2020, 09:54:06 AM
 #1

hi all
pls attention

u will get new coins but u will lost ur original bch coins

i swear

since 2 years bch also have fork
i was having 5 bch on bitfinex
i get 2 new coins with the same value of my orignal BCH
but my bch no longer have to me

finally i not benefit
it will cause some lose for some people
only attention
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November 14, 2020, 10:30:14 AM
 #2

I think you are trying to warn us, But how can it be possible? if the exchange is already announced that they were airdrop the minority coins that were created in the said hard fork to all BCH holders on a 1:1 basis, If the exchange is not said that announcement maybe they are also after those forked coins, But I believe Binance is an honest exchange if there is any hard fork that will occur and if they announce that they were supporting it I'm sure it will be credited in your account no doubt. I've been done that before since the BTC up to the BCH forking event. everyone should be informed that after the fork there will be two new coins not three but two! and the old coin will be gone, like in the upcoming BCH forked? there will be a BCHNode and BCHabc according to some information, BCHnode will be the majority coin and BCHabc will the minority.

So if you have 1BCH today it will be gone because of the chain split.
And it will replace with 1 BCHnode and 1 BCHabc will if the price of that minority coin will be good I think it's free money so it's good.
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November 14, 2020, 10:41:31 AM
 #3

learning from the experience of BCH hard forks has hurt investors a lot and this time the BCH hardfork will come back again of course many investors will be traumatized by this news, My advice if you want to follow BHC's hadfork this time You must be completely thorough if you only give losses as before
better forget it and invest in other coins

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November 14, 2020, 10:56:01 AM
 #4

Whenever there happens a fork the current assets sits in the wallet. According the the volume of holdings we'll get new coins which is the forked ones. BCH has hugely lost its reputation and just because it is a forked asset of bitcoin it has its importance and stays high among the top cryptocurrencies. By the time of fork it grew high, and people started to move towards it believing it as the true bitcoin. Later everything crashed and people returned back to bitcoin. Following their official page seems to be good for updates on fork.

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bert1587 (OP)
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November 14, 2020, 11:13:06 AM
 #5

I think it's free money so it's good.

dear this i snot free money

if i have 1 bch i will get 2 new coins with the same value od 1 bch
but i will lose 1 bch
thius will not be exist
so where this free money
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November 14, 2020, 11:36:48 AM
 #6

I think it's free money so it's good.

dear this i snot free money

if i have 1 bch i will get 2 new coins with the same value od 1 bch
but i will lose 1 bch
thius will not be exist
so where this free money
It's not like that. You will get the same amount of BCH from the dominant chain plus an airdrop for the minority chain as explained by @masterrex. In 2018 hardfork for example, people who participated got BCH(ABC) and BSV. BCH(ABC)=original BCH while BSV=free money. The same thing will happen this year's hardfork. 
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November 14, 2020, 11:40:04 AM
 #7

I think it's free money so it's good.

dear this i snot free money

if i have 1 bch i will get 2 new coins with the same value od 1 bch
but i will lose 1 bch
thius will not be exist
so where this free money
It's not like that. You will get the same amount of BCH from the dominant chain plus an airdrop for the minority chain as explained by @masterrex. In 2018 hardfork for example, people who participated got BCH(ABC) and BSV. BCH(ABC)=original BCH while BSV=free money. The same thing will happen this year's hardfork. 

how i get this fork from my wallet in blockchain
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November 14, 2020, 11:50:17 AM
 #8

~Snip
I don't think it was gone, So far i know your BCH Becoming Two Coins which BCHABC it's your "BCH" and BCHSV forked from original chain and finally you have 2 Coins. If you search BCHABC on google it's pointing out to BCH https://coinmarketcap.com/currencies/bitcoin-cash/ but if you search BCHSV it was pointing different Coin. Even i'm not really following BCH Upcoming Fork, Your BCH (ABC) will not gone but you will get another BCH Node (?) that was forked from BCH (ABC) Chain. Not sure if it was complicated but The point is Your BCH (ABC) Will not gone.
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November 14, 2020, 11:50:43 AM
 #9

~
how i get this fork from my wallet in blockchain
Are you using the wallet from blockchain.com? If not, specify which wallet are you currently storing your BCH.

Blockchain.com said they will be supporting the Bitcoin Cash Node (BCH) chain but might not recognize the other one, Bitcoin Cash ABC (BCH ABC), if there is not enough support for the latter. Read more here

Exchanges and other wallets have also issued their support of the hardfork. They're just waiting which one will be the dominant chain and the minority chain.
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November 14, 2020, 12:13:19 PM
 #10

I think it's free money so it's good.

dear this i snot free money

if i have 1 bch i will get 2 new coins with the same value od 1 bch
but i will lose 1 bch
thius will not be exist
so where this free money
It's not like that. You will get the same amount of BCH from the dominant chain plus an airdrop for the minority chain as explained by @masterrex. In 2018 hardfork for example, people who participated got BCH(ABC) and BSV. BCH(ABC)=original BCH while BSV=free money. The same thing will happen this year's hardfork. 

does not have to be a free money, it is the same project, and if one chain separate into two chains, then the total value will split between two chains, there is no new value in the process, that will create new money
same practice as in stock market, when you get shares as dividends, the value of each share is going down in-line with percentage of new shares issued, eventually
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November 14, 2020, 12:17:12 PM
 #11

Never been a fan of BCH, but as far as I know, when they fork from BTC, you can still have BTC and BCH. So I was surprised that this is not the case if BCH fork on November 15? Quite confused actually, but based on some members, it did happened before, so it is quite misleading for BCH holders. And that's why I just stayed with BTC and not played around with this so called fork coins.

R


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November 14, 2020, 12:29:59 PM
 #12

~
does not have to be a free money, it is the same project, and if one chain separate into two chains, then the total value will split between two chains, there is no new value in the process, that will create new money
same practice as in stock market, when you get shares as dividends, the value of each share is going down in-line with percentage of new shares issued, eventually
Free money as in free coin. Don't measure it in terms of fiat or other monetary terms . The value of each coin will be determined by the free market.

What you're trying to say is like splitting 100 into two 50's but what's going to happen is you keep the 100 while you get another 100 (1:1 ratio).
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November 14, 2020, 01:22:23 PM
 #13

I'm not quite sure what really happened but I think the exchange on where you BCH is stored has something to do with it. I don't really not quite sure about it have you tried contacting the support or emailed them?

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November 14, 2020, 01:25:03 PM
 #14

True, last BCH fork I hold few BCH on exchange (binance) and I get two different coins, can't remember the names, one end with ABC, my point is I never get my BCH back, it vanished into thing air, I'm not going to participate in this FOrk, moreover why is BCH forking every few years? So annoying

I think the developer of bch want to have more coins from his holdings thats why there are many fork created only for bch and besides it's a free money for every holders are you not like it?


To make things easy for you if you don't want to lose any bch then don't stored any in exchange you experience already what will happen to your bch once there are fork so why would you stored your coins there ? It's better to have it in your wallet and claim your free coins by your own.

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November 14, 2020, 01:27:27 PM
 #15

u will get new coins but u will lost ur original bch coins
Does that apply only to bitfinex exchanges, what about other exchanges that trade BCH, Because I did in my local trade, but there has been no notification that BCH will be replaced with new coins.
As I know, every time there is an exchange or loss of a certain coin in our trading exchange, all members get advance notification, however, for now we have no signs that the BCH will disappear and be replaced with a new one.

OP, could you please provide some accurate information or the link about BCH will be lost and replaced with a new one, I'm not talking about forks, I know that.

R


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metenjean
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November 14, 2020, 01:51:35 PM
 #16

hi all
pls attention

u will get new coins but u will lost ur original bch coins

i swear

since 2 years bch also have fork
i was having 5 bch on bitfinex
i get 2 new coins with the same value of my orignal BCH
but my bch no longer have to me

finally i not benefit
it will cause some lose for some people
only attention
You still remember what happen on BCH hardfork last year although your earn two coin kinds but you still loss because both of BCH coin hardfork have lower price than BCH before hard fork, this my reason why not trust any more for BCH hardfork because I think too risk what happen last year will repeat again in this year, now have different price where last year wanna close with snapshot BCH growing up more than 40% but now BCH price still down and nothing to make people and invetsor interested with hold BCH. Maybe they have trauma and frustrated what happen with last airdrop and not worth again for holding BCH when hardfork moment. I think if you wanna try for holding BCH and get new two BCH coin always take moment for selling after snapshot time.
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November 14, 2020, 05:34:41 PM
 #17

Summarize your words for you: don't stay on Bitcoin Cash or any of the forks derived from that. Misery and pain, and more misery. I guess now they understand what it means to split away and dilute users, even they themselves continue for years to squabble. Roger Ver is strangely quiet on all these, or at least, I haven't seen him speak up.

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disconnectme
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November 14, 2020, 07:45:27 PM
 #18

If you dont want to lose your hard fork coins, move them to your wallet now, some of these exchanges won't support the forks and that means you lose out, to be sincere the way they are going about this fork is rubbish of the first order, you need to protect holders and I don't know the number of exchanges that have signal support for the fork


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Febo
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November 16, 2020, 06:38:37 PM
 #19

If you dont want to lose your hard fork coins, move them to your wallet now, some of these exchanges won't support the forks and that means you lose out, to be sincere the way they are going about this fork is rubbish of the first order, you need to protect holders and I don't know the number of exchanges that have signal support for the fork


New coins will not be worth much. Miners will simply ignore it since developers will take some % of their revenue. No reason for them to mine it if they can mine BCH for full pay.
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November 16, 2020, 06:47:21 PM
 #20

hi all
pls attention

u will get new coins but u will lost ur original bch coins

i swear

since 2 years bch also have fork
i was having 5 bch on bitfinex
i get 2 new coins with the same value of my orignal BCH
but my bch no longer have to me

finally i not benefit
it will cause some lose for some people
only attention


ETH classic is also the original line of ETH!

But now you see the big difference that exists today ...

My advice is to change, although there is a risk of loss but not 100% ...
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