The Bitcoin Split Fallout

Discussion in 'Digital Currencies' started by SilverDJ, Jul 31, 2017.

  1. SilverDJ

    SilverDJ Well-Known Member

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    So it's midnight on July 31st, the Bicoin split is supposed to happen tomorrow, let's see what happens...

    Who's bought up in anticipation to get the free new coins?, and who bailed out until it's all flushed itself out?
    Or who just doesn't care?
     
  2. southerncross

    southerncross Well-Known Member Silver Stacker

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  3. Junk Silver

    Junk Silver Member Silver Stacker

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    Moved all mine to the hardware wallet to make sure I have access to both BTC & BCC after the fork.
     
  4. SilverDJ

    SilverDJ Well-Known Member

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    That's what I did too. I think I'll just hold BCC for the long term given that they are "free". Although expecting BTC to drop by a few hundred in response, it's just like the usual variation :rolleyes:
     
  5. SilverDJ

    SilverDJ Well-Known Member

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    Sounds like a new Stephen King novel :eek:
     
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  6. SilverDJ

    SilverDJ Well-Known Member

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    Is this the BTC drop that was expected?

    [​IMG]
     
  7. dozerz

    dozerz Well-Known Member Silver Stacker

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    no that was a sell off prior to the fork.

    price drop may be associated with the loss of market cap from btc to bcc, but depends how many dump bcc for btc post fork.
     
  8. JOHNLGALT

    JOHNLGALT Well-Known Member

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    "Or who just doesn't care?"
    Well thanks for inviting all comments, not just adherents. Since you asked, I fall in the latter category.

    RED_BITCOIN FOLLOWERS.jpg
     
  9. southerncross

    southerncross Well-Known Member Silver Stacker

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    So your an adherant then going by your post, or is it that you are just grammatically challenged instead ?
    Or are you referring to the OP's post ? In which case you just don't care, except for posting a response and taking the time to also post a cute little piccy as well.
    You might want to go back and read some of Rand's work's more closely and gain a better understanding of her philosophy before posting in future given your choice of a tag.
     
  10. SilverDJ

    SilverDJ Well-Known Member

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    So the fork has happened it seems, play spot the drop:

    [​IMG]
     
  11. tozak

    tozak Well-Known Member Silver Stacker

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    Both coins will have major support going forwards meaning Ethereum (the Bitcoin alternative play) now has little value as an alternative. Both BTC and BCC are a better store of wealth and a superior trading currency. Ethereum is by far a more versitile and sophisticated coin but that SHOULD NOT be confused with it's trading value.

    It's like comparing Gold, Silver and the latest Smart Phone, yes you can do a hell of a lot more with the phone than a brick and it may be priced high from all the hype but it just doesn't have the same fundamental reason to treat it as a trusted store of value.

    I would hold BTC & BCC for the long run and dump Ethereum if you bought up while it's overpriced. It's hard to say for sure where BCC is headed in the long run but I feel it would be a safe bet to say it will be around for many years to come as this experiment enters the next phase.
     
    Last edited: Aug 2, 2017
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  12. SilverDJ

    SilverDJ Well-Known Member

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    Aren't many of the altcoin ICO's based on Ethereum? Doesn't that have value?
     
  13. tozak

    tozak Well-Known Member Silver Stacker

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    That's a feature of Ethereum that makes it useful. It doesn't give it inherent value. You can utilize all of Ethereum's special qualities regardless of what price it trades at, you aren't buying shares in Ethereum.

    Gold for example is pretty much useless for much beyond it being rare, historically accepted and sort after. That gives it a better reason to have value than something more usefull but lacking a real reason to have value.
     

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