1

I hear everyone talking as if when you have Bitcoin it is a matter of transferring in order to access your Bitcoin Cash instead of trading like other coins.

I was under the impression that it was an entirely separate coin and one would obtain it in the same way that one would obtain Ethereum if he had bitcoin by trading it correct?

Or if you have bitcoin do you at the same time have that much in BCC and it just needs to be moved somewhere?

Improve this question

1 Answer 1

Reset to default
2

BTC and BCC share a transaction history. Thus, to each blockchain, anyone holding a coin before the split has a coin in their address on each blockchain.

Improve this answer
2
  • So if BCC were to shoot off and 1 BCC became worth $3000 USD for example would everyone who owned BTC before the split and kept it automatically benefit from this rise in price?
    – NULL
    Commented Aug 3, 2017 at 23:48
  • not exactly. you have to sell it to benefit from a price rise, the realization of value is not automatic. Both chains would need active miners to give the coin value and enable its transfer to an exchange
    – hedgedandlevered
    Commented Aug 5, 2017 at 16:55

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.