Late last night I received a message from coinbase stating that they will not be supporting Bitcoin cash also another major coin exchange Bitstamp also announce the same thing. Both these coin exchanges are telling their clients that they will be halting Trading for a short time during the hard Fork being implemented and it's to keep your coins safe. I think on August 1st these coin exchanges that made this announcement are going to make a killing.
And here is why, this is the statement that coinbase made.
This means that after August 1st, 2017 there are likely to be two versions of the Bitcoin blockchain and two separate digital currencies.
In the event of two separate blockchains after August 1, 2017 we will only support one version. We have no plans to support the Bitcoin Cash fork. We have made this decision because it is hard to predict how long the alternative version of bitcoin will survive and if Bitcoin Cash will have future market value.
This means if there are two separate digital currencies – bitcoin (BTC) and bitcoin cash (BCC) – customers with Bitcoin stored on Coinbase will only have access to the current version of bitcoin we support (BTC). Customers will not have access to, or be able to withdraw, bitcoin cash (BCC).
Customers who wish to access both bitcoin (BTC) and bitcoin cash (BCC) need to withdraw bitcoin stored on Coinbase before 11.59 pm PT July 31, 2017. If you do not wish to access bitcoin cash (BCC) then no action is required.I think personally they're all going to keep Bitcoin cash for themselves and make a killing off of it. But here's the real reason that there saying no action is required.
Established exchanges are rejecting BCC, without the support of any large exchanges it will be hard for BCC to establish a meaningful price.
Btc .. wait and see
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I'm not sure how I feel about this hardfork @getpayed777. I hope it doesn't mess up the cryptocurrency space. Good info on what the exchanges may do with the BCC generated from their clients BTC
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"we will only support one version" this is an opinion, not news, I think this is the biggest question of the hard fork, is the reality that two forks of the same coin will be supported. Is this not the case with Ethereum and Ethereum Classic, same coin two chains?
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Why is Ethereum so mutch moor than Classic and what is the difference? Im new to this so im still learning
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I think the long and short of it is that Ethereum early on was hacked and when there was a blockchain split some people stayed with the hacked version, but I am sure there is way more details. Here is a link https://www.wealthdaily.com/articles/the-difference-between-ethereum-classic-and-ethereum/8704
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Thank you for that info
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Good information thanks
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