Where are you holding your Bitcoin during this fork?

[MeanPeopleSuck]

i think you may have taken what opti said a little too literal.

Ah, good point. I both like and respect Optional, so I'm happy to avoid any sort of sticking point.

[MeanPeopleSuck]

Annnnd Coinbase just weighed in. Like Bitstamp, they will NOT be distributing BCC nor making a market in it.

For those of you scoring at home, that makes 1 exchange that will both distribute and make a market in BCC (Bitfinex) vs 2 that won't (Bitstamp and CB/GDAX).

There should be prop lines on this! Of the Big 8 Exchanges, how many will support BCC? O/U 2.5?

[trytrytry]

MEanPeople what are you hoping for? what is better for cusotmers? or short term prices or is it anybodies guess

I thought I saw something that a fork is only like a 1 in 20 chance of even happening. is that not the case? seems like everyone with policy is getting ready for Aug 1st Fork. or is that just prep work in case?

[themike78]

What the fuk does all this crap mean? Can I still buy Bitcoin on aug.1st and make a godam deposit to a sports book or do I have to worry about soft forks and segwits or whatever other weird words they can make up.Dam this sht is annoying.

[Optional]

What the fuk does all this crap mean? Can I still buy Bitcoin on aug.1st and make a godam deposit to a sports book or do I have to worry about soft forks and segwits or whatever other weird words they can make up.Dam this sht is annoying.

Get your deposits/withdraws done before Aug 1st but you'll probably be good to go again Aug 2nd

[raiders72001]

MEanPeople what are you hoping for? what is better for cusotmers? or short term prices or is it anybodies guess

I thought I saw something that a fork is only like a 1 in 20 chance of even happening. is that not the case? seems like everyone with policy is getting ready for Aug 1st Fork. or is that just prep work in case?

Two weeks ago the split was a long shot. Today it looks like it will happen. https://www.bitcoincash.org/

[raiders72001]

What the fuk does all this crap mean? Can I still buy Bitcoin on aug.1st and make a godam deposit to a sports book or do I have to worry about soft forks and segwits or whatever other weird words they can make up.Dam this sht is annoying.

All of it is overblown. A majority of miners would have to switch to BCC for problems to occur. It reminds me of Y2K.

[patswin]

i took a few payouts this week and sold all my bitcoin last night on coinbase. Going to keep the funds in my coinbase wallet for a few days then hopefully once all this gets sorted out next week I will rebuy and start over again. is there any risk to doing this?

[RonPaul2008]

All of it is overblown. A majority of miners would have to switch to BCC for problems to occur. It reminds me of Y2K.

Raiders, can you recommend a good desktop wallet to park btc in during the fork?

[RonPaul2008]

It seems Nitrogen has removed the below bold sentence. Can someone from SBR please get their decision on whether they will provide users with btc in their accounts with the bcc that comes free with the private keys? This is important.

Nitrogen Comments:

Original link: https://nitrogensports.eu/blog/note-...tcoin-network/

We’re sure many of you are aware of the recent conversation in the Bitcoin community regarding improvement protocols and finding a technical solution to network congestion.

Technical changes on this scale do add the risk of temporary instability to the network, and Nitrogen Sports needs to take this into account as we look to protect our players during this period.

Ahead of the August 1st split event, Nitrogen is proactively taking the following temporary measures to protect its players:

Jul. 30 @ 08:00 EST – All withdrawals will be stopped. Any withdrawals made before the cutoff time will be processed normally.

Aug. 1 @ 04:00 EST – All deposits will be stopped. Any deposits made before the cutoff time will clear after 1 or more confirmation.

Aug. 1 @ 06:00 EST – 3 Card Poker, Baccarat, and Poker will be unavailable to all players for a short time.

Aug. 1 @ 12:00 EST – Assuming network stability, deposits will be reactivated.

Aug. 1 @ 17:00 EST – Assuming network stability, withdrawals will be reactivated.

After August 1st, Nitrogen Sports will assess the events on the BTC network split and will implement a process to ensure that players have the ability to withdraw in alternate versions of BTC, as they wish (eg. BCC).

Thank you for your patience and understanding.

Nitrogen Sports

[raiders72001]

Raiders, can you recommend a good desktop wallet to park btc in during the fork?

Trezor or Electrum. Blockchain.info will also work. Make sure to get your 12 word back up phrase through settings.

[DroopyDog]

i took a few payouts this week and sold all my bitcoin last night on coinbase. Going to keep the funds in my coinbase wallet for a few days then hopefully once all this gets sorted out next week I will rebuy and start over again. is there any risk to doing this?

No...no risk of loss.... but no chance of any gains... if price sky rockets youll be buying back in at a much higher rate....so less bitcoins....but if you dont care about that and are only worried about $... you will be perfectly fine

[RonPaul2008]

Trezor or Electrum. Blockchain.info will also work. Make sure to get your 12 word back up phrase through settings.

Do any physical stores sell hardware wallets like trezor?

[MeanPeopleSuck]

MEanPeople what are you hoping for? what is better for cusotmers? or short term prices or is it anybodies guess

I thought I saw something that a fork is only like a 1 in 20 chance of even happening. is that not the case? seems like everyone with policy is getting ready for Aug 1st Fork. or is that just prep work in case?

1. That early prediction of 1 in 20 was wrong. The hard fork WILL happen next Tuesday morning. In terms of what's best for owners of BTC, that's been the subject of a 2 year Civil War within the Bitcoin community that I was a part of, but that you probably don't care about.

2. Heh, short term price guessing in crypto is always totally fraught with peril, but I'd expect BTC to be solidly down on Tuesday. (Of course, I also once spent two weeks arguing that BTC would take "at least 3 months, and more likely 6" to cross $2,000, then it went through it like a hot knife through butter, so WTF do I know?)

3. But here's what's important for you to do RIGHT NOW, and absolutely before next Tuesday:

A. Withdraw all the BTC you have at any BTC sportsbooks (Nitro, Cloudbet, Betcoin, Fairlay, Onehash, etc).

B. Open an account here: https://www.bitfinex.com/trading Bitfinex accounts are super easy to open; they take only 5 minutes and you don't even have to give your name.

C. Withdraw all your BTC from everywhere else you send it to your new Bitfinex account. Then, on Tuesday when the split happens, Bitfinex will do all the work for you of getting you your "free" other coin, called Bitcoin Cash (BCC). You'll get BCC in a (nearly) exact amount as the BTC you have at Bitfinex (so if you have 1.0 BTC Monday night, on Tuesday night you'll have 1.0 BTC and 1.0 BCC). Ownership of the BCC coin should counterbalance your Tuesday losses in BTC.

(By how much, I've no idea and neither does anyone else. I've seen smart crypto minds -- guys I trust -- estimate BCC's "true value" at anywhere between $10 and $1500. I'm not joking, either. That's genuinely how confused the crypto community is about BCC right now.)

[MeanPeopleSuck]

Do any physical stores sell hardware wallets like trezor?

Good news on the hard fork front: you no longer need a hardware wallet. Just open an account at Bitfinex (which takes less than 5 minutes and you don't even have to give your name), move your BTC there and on Tuesday they'll do all the schlepping for you: your BCC will just "appear" in your account. https://www.bitfinex.com/trading

[MeanPeopleSuck]

It seems Nitrogen has removed the below bold sentence. Can someone from SBR please get their decision on whether they will provide users with btc in their accounts with the bcc that comes free with the private keys? This is important.

They won't be passing on BCC to their clients. I can't go into any more detail than that, but their answer's no.

[MeanPeopleSuck]

i took a few payouts this week and sold all my bitcoin last night on coinbase. Going to keep the funds in my coinbase wallet for a few days then hopefully once all this gets sorted out next week I will rebuy and start over again. is there any risk to doing this?

No risk, except the risk of missing out not owning BCC, should it turn out to be a high flyer.

[MeanPeopleSuck]

All of it is overblown. A majority of miners would have to switch to BCC for problems to occur. It reminds me of Y2K.

I'm not so sure, Raiders. The only futures market I know of is currently pricing BCC at about $380: https://www.viabtc.com/quot/realtime...c&chart=simple

And remember, everybody said the same thing last summer when ETH hard forked: "ETC's crap; not enough hash power; it'll become nothing." Instead, it's up 2300% in a year.

[RonPaul2008]

Good news on the hard fork front: you no longer need a hardware wallet. Just open an account at Bitfinex (which takes less than 5 minutes and you don't even have to give your name), move your BTC there and on Tuesday they'll do all the schlepping for you: your BCC will just "appear" in your account. https://www.bitfinex.com/trading

Can you trade bcc for btc on their platform?

[MeanPeopleSuck]

Can you trade bcc for btc on their platform?

Absolutely. They're actually the largest exchange, by volume, in the world. You can also buy and sell about a dozen alt coins, including most of the biggies: Ethereum, Ripple, Litecoin, Monero, etc.

[JAKEPEAVY21]

I opened a bitfinex account and I guess I'll send all my bitcoin there...

[MeanPeopleSuck]

I opened a bitfinex account and I guess I'll send all my bitcoin there...

Howdy, Jake. Good move. This way's even better than just having our BTC in private wallets because this way, Bitfinex will do whatever has to be done to actually get the BCC and we don't have to do anything. Just sit back and wait for our BCC balance to appear.

[raiders72001]

I'm not so sure, Raiders. The only futures market I know of is currently pricing BCC at about $380: https://www.viabtc.com/quot/realtime...c&chart=simple

And remember, everybody said the same thing last summer when ETH hard forked: "ETC's crap; not enough hash power; it'll become nothing." Instead, it's up 2300% in a year.

Nice find with Bitfinex. I didn't see that and they do simplify the work to get both. I think that trytrytry was talking 20-1 just prior to BCC, not during the SegWit/BU fight.

[Optional]

Nice find with Bitfinex. I didn't see that and they do simplify the work to get both. I think that trytrytry was talking 20-1 just prior to BCC, not during the SegWit/BU fight.

What work will be required for anyone else?

Those with a Trezor for example?

[RonPaul2008]

Trezor or Electrum. Blockchain.info will also work. Make sure to get your 12 word back up phrase through settings.

How about Breadwallet? Seems to have more privacy since it doesn't connect to a server, but they sy it's designed for simplicity.
It mentions IOS, does that mean it only works on Apple IOS?

Also, do any physical stores in us sell hard wallets?

Also curious whether bitfinex will accept bcc deposits shortly after the fork.

[MeanPeopleSuck]

What work will be required for anyone else?

Those with a Trezor for example?

Well, we don't know what the process will be for claiming your BCC, which appears to be getting the ticker symbol BCH. Is it just a matter of presenting your private key? Who to? BCC's so new I don't even know if they've got a foundation yet or even a slack chat to ask in.

Basically, whatever that process turns out to be, it's easier to let Bitfinex do the work than to do it yourself.

[MeanPeopleSuck]

Nice find with Bitfinex. I didn't see that and they do simplify the work to get both. I think that trytrytry was talking 20-1 just prior to BCC, not during the SegWit/BU fight.

Cool, cool. Kraken also just announced they're supporting BCC -- which appears to be getting the ticker BCH -- so now there's two safe places to store BTC for Tuesday.

[Optional]

Well, we don't know what the process will be for claiming your BCC, which appears to be getting the ticker symbol BCH. Is it just a matter of presenting your private key? Who to? BCC's so new I don't even know if they've got a foundation yet or even a slack chat to ask in.

Basically, whatever that process turns out to be, it's easier to let Bitfinex do the work than to do it yourself.

Thanks

Yeah it's a bit confusing. I was imaging that if our wallet doesn't provide an upgrade to support BCC then we just need to import our key into a wallet that does and we should see it.

But would hate to be wrong about that.

Kraken sounds like the best option to me so far. 100% clear what will happen.

[MeanPeopleSuck]

How about Breadwallet? Seems to have more privacy since it doesn't connect to a server, but they sy it's designed for simplicity.
It mentions IOS, does that mean it only works on Apple IOS?

Also, do any physical stores in us sell hard wallets?

Also curious whether bitfinex will accept bcc deposits shortly after the fork.

1. I don't know breadwallet, so I'm not sure on that. In addition to Bitfinex, Kraken just announced they're also supporting BCC, so that's a second option now, if for some reason you don't like the Bitfinex solution.

2. Buying a wallet's generally unnecessary because they're free to download: https://bitcoin.org/en/choose-your-wallet

3. I'm sure Bitfinex (and now also Kraken) will eventually accept deposits and withdrawals in BCC, but it might be a while before that infrastructure's in place and road tested.

But that doesn't mean you'll be "stuck" with BCC if you don't want it. I'm guessing Bitfinex will have markets for BCC starting as early as Tuesday, so if you don't want your BCC, you can just sell it for BTC or ETH or dollars or whatever, then move that currency wherever you want it.

[RonPaul2008]

Would you feel safe sending a large amount to bitfinex? I think I read that they reserve the right to ask for all sorts of information and perhaps even freeze funds.

[DwightShrute]

holding onto it. I think a bitcoin will be worth 10K in a couple years.

[Optional]

Would you feel safe sending a large amount to bitfinex? I think I read that they reserve the right to ask for all sorts of information and perhaps even freeze funds.

Even Kraken can ask for that stuff.

Good question and a good consideration.

[Optional]

holding onto it. I think a bitcoin will be worth 10K in a couple years.

Make double sure you are setup to have access to the new coin as well then.

[raiders72001]

1. I don't know breadwallet, so I'm not sure on that. In addition to Bitfinex, Kraken just announced they're also supporting BCC, so that's a second option now, if for some reason you don't like the Bitfinex solution.

2. Buying a wallet's generally unnecessary because they're free to download: https://bitcoin.org/en/choose-your-wallet

3. I'm sure Bitfinex (and now also Kraken) will eventually accept deposits and withdrawals in BCC, but it might be a while before that infrastructure's in place and road tested.

But that doesn't mean you'll be "stuck" with BCC if you don't want it. I'm guessing Bitfinex will have markets for BCC starting as early as Tuesday, so if you don't want your BCC, you can just sell it for BTC or ETH or dollars or whatever, then move that currency wherever you want it.

Add Bittrex. https://support.bittrex.com/hc/en-us...coin-Cash-BCC-

[RonPaul2008]

Add Bittrex. https://support.bittrex.com/hc/en-us...coin-Cash-BCC-

Will any of these exchanges supporting bcc allow people to deposit in bcc soon after the fork? Maybe they prefer to handle the split in their wallet and only deposit the bcc to the exchange.