Tuesday, 9 July 2019

Newbie Question - What is the difference between Bitcoin, Bitcoin Cash, and Bitcoin Other? I bought some bitcoins about 8 years ago.. how can I get as much money as possible if I want to sell them now?

(I didn't know how to cross-post with my other post in /r/bitcoin. Sorry about that.)

Hello,

About 8 years ago (when bitcoin was at $1000) I purchased some bitcoins. Now I was just reading they have increased in value a lot, so I was thinking to sell them. But then I read my bitcoins were converted to bitcoin cash? Or some of them were? I really don't understand what "splitting" means, and what is the difference between the coins I bought and what I have now. (Some people said I should "split" my bitcoins into bitcoin and bitcoin cash.)

I am really ignorant of this stuff, and now I am very confused because everything I read seems to expect a certain amount of knowledge that I don't have.

Is it possible for someone to explain, like I'm 5 years old, what I need to do so that I can sell my bitcoins for the most money that's possible? My coins are currently located on a printed paper (with public and private keys) in my safe.

(BTW - If it makes a difference... I am a citizen of both Canada and France, and I live (tax resident) in Canada. I have bank accounts in the US, France, and Canada.)

Thanks for any help!

submitted by /u/IndividualResource9
[link] [comments]

source https://www.reddit.com/r/btc/comments/caw5hm/newbie_question_what_is_the_difference_between/

No comments:

Post a Comment