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RE: Watch Out - Electron Moves Electrum Files! (The BCC Wallet for Easy Redeem of Coins)
The safe path here is to install another instance of Electrum to a virtual machine or another computer, create a new wallet and transfer all the funds before installing Electron Cash.
Or just use another wallet, there are plenty of them: https://steemit.com/bitcoin/@bcn/preparing-for-august-1-hard-fork-how-to-claim-your-free-bitcoin-cash
Right. People: YOU NEED TO MOVE YOUR BTC TO A NEW WALLET BEFORE YOU CLAIM YOUR BCC. Once the BTC has been transferred to a new wallet, not simply a new address, it's completely safe.
If I did not move my BTC to a new wallet, did I basically lose my BCC by creating a BCC wallet whilst having a BTC wallet?
Sigh... As broke as I am I did not need this :/
No, that wouldn't be a problem. If you had a BTC wallet at the time of the fork, you definitely have BCC. You just want to be sure to move your BTC first, before you try to access your BCC; otherwise there's a risk that you could lose your BTC.
Nothing that happens on the BTC chain can affect what happens on the BCC chain.
BCC is down almost 10%. A lot of people are freaking out over this, do you still keep your bitcoin when they split? I heard it is 1:1 is that accurate?
Yes it will be 1:1, except on Bitfinex (they'll give a bit more from orders). Those down prices on viabtc are futures, when it will be listed (in the next hours) on the exchanges, the price will drop much more as it will be dumped by many. However, after weeks and months it COULD rise, but nobody knows for sure.
Thanks for a prompt reply!
yes true