So guys, how is it going along for you?
I've sold BTC for USD a few minutes after the fork and am now basically waiting to see if the market will react in any big way.
It's also interesting to see that ETH went up this time and didn't follow BTC on the way down, at least for these first few hours after the fork.
Theater on stock; orders and alerts ready, but no drama at the moment, so waiting. This is what I am reading at the moment:
->
“However, due to a lack of support from some of the major exchanges, it looks at this stage as though Bitcoin cash will fail to gain traction.
@andreakrieger - You sold your BTC for USD? Don't you need to hold it on the exchange in order for your BCC to be created? I have bitcoin on Bitfinex now and still haven't received any BCC. Does anyone know when this will happen on Bitfinex? I'd like to take out the BTC and exchange for USDT at minimum. Any thoughts?
You won't receive any BCC until the first block is mined. That could take a while at the actual hashrate.
You can use this site to monitor the status of the fork: https://www.btcforkmonitor.info/
Thanks, that's helpful. So do I need to 'leave' my BTC on Bitfinex in order to get the BCC upon first blocks being mined? The reason I ask is because I want to move some of my BTC for trading. Any thoughts? If I start moving and trading around my BTC, I'll jeopordize my chances of getting BCC? Anyone know?
I believe you're right ... But I am no expert :)
For sure, I am keeping 99% of my BTC until that 1st block is mined and I see a BCC wallet appears on Bittrex or Kraken (the 2 exchange I use)
@dscenterprises:
On Bittrex it says: "If you have a Bitcoin (BTC) balance on Bittrex during the BCC UAHF time on August 1st, 5:20am PT (12:20pm UTC), you will be additionally credited the equivalent amount of Bitcoin Cash (BCC) on a 1:1 basis. i.e. 1 BTC on Bittrex held during the on-exchange snapshot will get you 1 BCC. "
And I did have BTC during that time, so if they respect their written statement they will credit me the BCC.
I sold my BTC for USDT because I suspect the value of buying BTC low and riding up the bounce will be greater than the value of the BCC (BCH) that I will be credited.
Personnaly, I am using some play money to do multiple buy/sell.
As of now, I am able to make 5-6% with the current swing.
But, I keep the majority of my BTC intact and safe until the first block is mined.
I saw this come by on hitbtc.com "AltTAB: BTC hard fork is over. Those of you who store BTC on your accounts, are going to receive the same amount of BCC within the next couple of hours." (AltTAB is the moderator). Haven't seen any BC cash yet.
Kraken stated on Twitter that they are now crediting BCH to accounts:
https://twitter.com/krakenfx?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Still nothing on Bitfinex.... :/
There wasn't enough transactions to fill the first block, and they needed >1MB to complete the first block, how crazy is that?