RT @ljxie: Regardless of how you feel about Bitcoin Cash, the idea of pre-fork trading is fascinating. Ahead of the Nov 15th fork you can convert Bitcoin Cash into BCHABC and BCHSV and start trading immediately 🤯https://t.co/08BtZwBXC6
Regardless of how you feel about Bitcoin Cash, the idea of pre-fork trading is fascinating. Ahead of the Nov 15th fork you can convert Bitcoin Cash into BCHABC and BCHSV and start trading immediately 🤯https://t.co/08BtZwBXC6
After the fork, they cannot trade (BCHa+BCHb) as a single unit as they cannot reliably send out or receive transactions that are valid on both chains.
Instead, they use replay protection (presumable with minted dust as I think they've done before), and send out your transactions on each side separately.
This is the only reasonable way to support both chains.
On November 15, 2018, we will pause BCH deposits and withdrawals at 14:00 UTC. At 15:00 UTC, we will freeze the BCH, BCHABC, and BCHSV markets, cancel all outstanding orders, and take a snapshot. Users who still hold BCH at this time will immediately receive an equivalent amount of BCHABC and BCHSV. We will then disable the BCH market (as all balances will be zero).
Emphasis on disable the BCH market all balances will be zero.
Thats the confusing bit for me. So you hold BCH prefork, after fork BCHABC and BCHSV but no BCH as it is disabled
You miss the point. The troll was claiming that Wormhole is part of the consensus protocol of the ABC client. That is utter nonsense. Wormhols is just a piece of software that runs on top of the chain JUST like Omni (and many other services and token solutions).
You misunderstood me. I was just making the point that the volume has so far been minuscule and as such means nothing the same way [this list](https://coinmarketcap.com/gainers-losers/) sometimes has coins with a huge percentage change, but very little volume. Anyway the BTC pairs have gathered more volume now, 105 BTC for the BCHSV/BTC pair, 35 BTC for the BCHABC/BTC pair..
> means nothing
I disagree, do you think a market that exist for 12+ hr have no value wathsoever?
If BCHSV was worth more than BCHABC would that be an indicator of something?
Right now the the price going down for BCHSV in the future market... it's general an indicator. Yes the volume is small because there is only 1 exchange supporting it and it's an USA exchange limiting who wanna trade there.
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It's funny how you always comment more than once in these threads, you know you can edit additions into comments right? I'm guessing you're probably trying to make it seem like more people share your opinions though.
It actually shows that more BTC holders are buying SV, something that was widely expected since CSW seems to be actively trying to divide the Bitcoin Cash community. In USDC value, BCHABC is about 10x that of BSV at the time of this comment submission.
It's irrelevant until the actual fork anyways though, so you're essentially just revealing here that you know nothing about how the Bitcoin title works lol.
hehe I thought "Bastards they're doing this so they can now show a 87% BCHSV price drop"...
if you look on BCHABC they're now setting that up with same deal 1.00 BTC trade.
So Poloniex setup the market for BCHSV first, showing a clear preference for BCHSV ;)
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I've just made a test and it's working, they did work hard to get the whole system to convert BCH to BCHABC + BCHSV and be able to buy and sell those.
I think it's the only exchange who did it, just for price discovery this is gold! ... heu I means this is Bitcoin Cash!
From my own experience, Poloniex was slow as hell answering support tickets.
Since that experience tho, Goldman Sachs bought them out, Goldman Sachs the largest or 2nd largest investment bank in the world, I wonder if it has changed since now they have "unlimited" money to work with. Certainly a lot of regulation has been added but probably more employees too
>From my own experience, Poloniex was slow as hell answering support tickets.
Right, same for me. Considering that, are you willing to put your money back on their exchange to participate in their futures market?
Hahaha... I think based on the competition in early 2017, Polo was a pretty good exchange. And I actually liked the interface. But they always had a pretty slow trading engine - it felt a bit like a MySql database. And with the explosive growth of the market during 2017, they felt totally behind in terms of speed, coins listed etc.
Is it possible to turn something like this around? Yes. Is it likely? No.