Hold Bitcoin or Bitcoin Cash ?

[TheGooner]

Why didn't you use viabtc?

The value of the transaction stops me signing up for a Chinese exchange I knew nothing about until earlier this week.
If it was a couple of hundred $$ then fine ... but it's not.

I prefer to deal with organisations I know.

But now that you mention it - I can signup and take a look around at least

[justbookies]

If it was a couple of hundred $$ then fine ... but it's not.

It might be if you wait long enough!

[TheGooner]

I'll take that risk ... I'd hate to get another "oh ****" cold feeling in the gut by doing something stupid on ViaBTC.

[MMM]

Got the BCC. Now signing up to ViaBTC. Will test with small amount and see.

[MMM]

Trying now, but getting an error on the wallet: apperently there is a bag, and you cannot use 2fa but even without it it's getting rejected (reddit thread about it).

[yeahfree]

bittrex opened bch deposits earlier today. bch deposits are slowly dripping in to get sold i guess.

i think that the slow blocks were also partly because difficulty needs to be adjusted over time on the blockchain. over time that should improve (get lower) from what i understood , which should result in quicker blocks, at a certain moment also more miners if it will be interesting enough again (difficulty vs reward, which will equal out against btc for the miners that are looking for today's money).

bch price... first went up because of limited supply on exchanges, now that bch start to drip in on exchanges more selling pressure i guess for a while.

fair bch price longer term... no idea at all
at best a certain percentage from bitcoin i think.

[MMM]

Trying now, but getting an error on the wallet: apperently there is a bag, and you cannot use 2fa but even without it it's getting rejected (reddit thread about it).

there is a solution - to disable the 2fa. sent test amount to Viabtc. will update how it goes.

[yeahfree]

sold them all (some still pending) through shapeshift.io for btc. as usual after i do transactions.. probably it will go up after that again (not because of volume, but because i'm terrible at picking the right moment)

[MMM]

Update: on ViaBTC they request 20 confirmations for BCC. At current rate should be about 36 hours, so still cannot withdraw.

[Sherlock]

Yes, that's crazy. It's against common sense. If BCH is priced $500 (for example) then BTC should go down $500. So either the market is happy that the fork finally happened and everything went smooth or one or both currencies are completely mispriced.

Markets are usually irrational, but this time the prefork discount was caused also by uncertainty of the state of network(s) and ecosystem. Everything was ultrasmooth.

[Sherlock]

It is great to see that debates shifted from "bitcoin is scam" to a high level discussion.

I am not selling my BCH to BTC, I hodl my BTC and still raising my balances. I am looking forward to sell my BCH for living expenses in South America (so far I was selling a small fraction of my BTC for this purpose).

I believe in Bitcoin. Bitcoin I define as the bitcoin legacy chain, that we all use for affiliate payments. The chain that Bovada/5dimes/BetDSI etc. use for player deposits and payouts. The chain, that is mainly used at Darkmarkets. The chain with Network effect.

BCH is an altcoin. But it is a good altcoin, compared to other altcoins. Since now I have as much BCH as BTC, I am a bit overexposed on BCH but no big problem. There is pretty strong community around BCH and skilled users. The BCH is as equally distributed as Bitcoin and has as many users as bitcoin. That is a strong argument for BCH! I guess implementing BCH for any BTC merchant is easy. So I am almost on sidelines. There is too much talk about dumping the BCH to join it. But congratz to everyone who sold at 2x or 3x or more of current value.

Anyone else has some nice moments with BCC unofficial electrum wallet?

[PROFRBcom]

But congratz to everyone who sold at 2x or 3x or more of current value.

I doubt many people managed to sell at these levels. From what I could gather, the exchanges were trading very, very thinly and few people had access.

Anyone else has some nice moments with BCC unofficial electrum wallet?

Is it a good idea to be using that wallet? I saw this posted on FB and I'm wary: https://gyazo.com/4d8ea670318a49382574cd62e236b50f

[ocreditor]

I'm staying with BTC for now... too soon to know what will the new BTCC will do..

[MMM]

Well, it all worked out eventually.

The wallet worked ok. Had to disable the 2FA and had similar issue as Gooner with suddenly the BTC transaction appearing there - reopning the wallet made it dissapear. @Gooner, thanks for the warning.

VIAbtc worked ok - the trading was faster, after 6 blocks and then had to wait for 20 to withdraw.
Also tried Bitfinex - there you have to wait the whole 20 blocks before they let you trade - so it takes pretty long.

[TheGooner]

@MMM - it's a bit of a worry when that phantom transaction comes up isn't it?


Kraken is now open for business - and I am transferring my BCH to the site - perhaps to take BTC - perhaps for a cash dividend.
I am not sure yet.

However, I ran into another error that I'll document in case others get it.

When I tried to send BCH I got a failure with : Node Error .. talking about incompatiable versions.
After some research it seems that Electron does still seem to open some BTC nodes (as I suggested) like electrum.epicinet.net

The solution is to go into the app menu Tools : Network and choose electroncash.cascharia.com and right-click to make it the preferred server. This will then make sure that your transactions/instructions are sent by the Electron app to a BCH node.

Once I have completed the send (Kraken wants 20 (!!) confirmations - which will take about 12 hours) then I will probably delete Electron cash and never touch it again. I will then get back on my main computer - and set up a new Electrum wallet with a new seed for personal use.

BCH might have a price bump or two in the next week or so, and I will be looking for a good exit point in the short term future to get off of this blockchain.

--------------

ASIDE : It appears the BCH does not have the server infrastructure, the miner volume or the user volume to become a viable ecosystem - and much of the software is simply bulk copied and poorly patched from the BTC environment.

The funniest thing about BCH is that it's supposed to be a "bigblock" solution to handle transaction volume. But looking at blockchair - the blocks are still coming hours apart and frequently less than 500 txns meaning a block size of way under 1MB ... they don't need big blocks at all!


https://blockchair.com/bitcoin-cash/blocks

[wonderpunter]

@MMM - it's a bit of a worry when that phantom transaction comes up isn't it?


Kraken is now open for business - and I am transferring my BCH to the site - perhaps to take BTC - perhaps for a cash dividend.
I am not sure yet.

However, I ran into another error that I'll document in case others get it.

When I tried to send BCH I got a failure with : Node Error .. talking about incompatiable versions.
After some research it seems that Electron does still seem to open some BTC nodes (as I suggested) like electrum.epicinet.net

The solution is to go into the app menu Tools : Network and choose electroncash.cascharia.com and right-click to make it the preferred server. This will then make sure that your transactions/instructions are sent by the Electron app to a BCH node.

Once I have completed the send (Kraken wants 20 (!!) confirmations - which will take about 12 hours) then I will probably delete Electron cash and never touch it again. I will then get back on my main computer - and set up a new Electrum wallet with a new seed for personal use.

BCH might have a price bump or two in the next week or so, and I will be looking for a good exit point in the short term future to get off of this blockchain.

--------------

ASIDE : It appears the BCH does not have the server infrastructure, the miner volume or the user volume to become a viable ecosystem - and much of the software is simply bulk copied and poorly patched from the BTC environment.

The funniest thing about BCH is that it's supposed to be a "bigblock" solution to handle transaction volume. But looking at blockchair - the blocks are still coming hours apart and frequently less than 500 txns meaning a block size of way under 1MB ... they don't need big blocks at all!


https://blockchair.com/bitcoin-cash/blocks

Thanks.. will be psuhing my coin nto kraken now

[zalozite]

Bitcoin reach 3500$, its a record till start of currency, ok.

[ocreditor]

Bitcoin reach 3500$, its a record till start of currency, ok.

Amazing

[MMM]

@MMM - it's a bit of a worry when that phantom transaction comes up isn't it?

Yep. But would've been 10 times more if I haven't read your warning before that.

[wonderpunter]

Still confirming.... Gooner how long did you wait?