Bittrex replayed, waiting for a time frame to begin with the swap.
ill keep you guys posted.
The coins in my wallet at bittrex will be automatically swapped into 2.0 ?
No. What will most likely happen is a CLD2 (or equivalent) market will be created with a pairing to CLD. There will be a 1.15 Million Sell Wall for CLD2 at a price of 2 CLD to 1 CLD2.
You will then 'buy' into the sell wall with whatever CLD you get from the CLD/BTC market. The reason it must work this way is that it will have the effect of raising the price of CLD.
Lets say there are 100,000 CLD on offer under 50,000 Satoshi. If you want to use the Xcloud services or have a functioning coin you must buy CLD2.
Let's then say that I go and buy up 100,000 CLD and no one is willing to sell CLD under 50,000 anymore. You will then have to pay more and more to get your hands on CLD in order to swap that for CLD2 at a 2 to 1 ratio.
So if say 500,000 CLD are purchased and the price is up to 100,000 Satoshi then CLD2 is simply worth 200,000 Satoshi - but you cannot have a CLD2/BTC market up untill all CLD is swapped (or near enough all) as it would throw out the ratio and cause the coins to be worth less than they are now.
Essentially - buy CLD now if you want any part of the XCloud future. Once CLD shoots up 3 or 400% you might find yourself in a posiiton where no matter what you do you will never have the opportunity to hold as many CLD as you can hold now - Once the price goes up past a certain point it will establish a floor well above where we are now making it a lose-lose to wait.
Good luck!
