Topic: Are you going to keep your BTC on exchange during the upcoming forks? (Read 2475 times)

I also want to keep my bitcoin on the exchange during the upcoming hardfork. Previous hardfork i kept all my bitcoin in ethereum. I think ethereum support hardfork.

Well for me it's free anyways so i don't mind gambling with it if ever i receive it or not. So far i was able to get bcc ans bcg without any problems so i'd probably do the same with all incoming forks

So, recently there were a pretty big news regarding Bitcoin Gold - https://bitcointalksearch.org/topic/2017-11-26-a-hacker-gained-access-to-the-bitcoin-gold-windows-wallet-github-2466999

This has some very important effects on the whole situation with holding on your own vs holding on exchange. The risk of downloading malicious clients that will still both your forked coins and Bitcoin is relatively high - not only there are many fake sites on first results in Google, because they've bought their ad space or just have some clever SEO, there's also a risk of getting malware from official channels because they got hacked or because they were malicious from the start. This means that if you are holding coins on your own you have to always follow the correct procedure of claiming forks - move Bitcoin to a new wallet, install forked client on a separate machine, import old private keys or alternatively import just signed transaction if possible - after sending your coins to exchange clean or better format this device. It's really not that hard for experienced user, but newbies might simply don't know about it, and easily get tricked into exposing their private keys to malware - which means that there's a certain benefit for them in keeping their coins on exchange during forks. But there's a risk that exchange operators, especially if it's some small local exchange, might also screw up and lose their funds to the same malware - keeping coins online is always risky, since this was never a part of original Bitcoin vision.

That’s the good way to save yourself from any type of loss in any type of fork season and mainly people start selling in the fork time but after the fork is over they start scolding btc and that’s not the fault of btc its totally depend on the user what he want to do all the investor don’t have same mindset some start exchanging in fork time and some hold their coin in wallet all depend on the mental level of person.

If we do not want to risk losing our air dropped coins it's as easy as keeping our coins away from an exchange because these guys hardly dish out the split coins probably the reason some exchanges give out a notice before any fork happens and by now we should know that the safest wallets are those you have control of your private keys, so that you dont miss out on such.

One cannot individually change fork into pump so simply holding is the best option and this is counted in the smart strategies and along with that if any type of dump occurs mainly focus on the buying more because bitcoin is game of pump and dump don’t miss a single chance to buy at low so hold and buy at that time you will be satisfied soon with the prices going up and now is the time which is awaited by all.

In a long perspective, having BTC main forks could be a good idea. If the BTC is really so long term story as it's being told, these forks would be also quite valuable. When 5th, 10th fork would be implemented, old forks would gain higher capitalization.

Everyone has his own way of managing the things at such kind of situations. For me, leaving the BTC during any kind of fork is not a good thing to do. I have experienced this thing in my life that it is holding of your bitcoins which can help you the most under such situations. Bitcoin will never disappoint you, the only thing you need to have is to put trust on bitcoin. Bitcoin will change your life.

I don’t know if I’m really going to leave my Bitcoin on exchangers. Last hard fork I didn’t leave my bitcoinon exchangers, though I know that those that left theirs on exchangers benefited from it by getting equivalent amount of Bitcoin Cash.

from the previous forks, i didn't have any single of them or a portion of them, i don't know but maybe few of us store it to some safe wallet which doesn't fully support the forks, that is also the reason why we didn't receive any or maybe some people got just a portion of it. i was just being careful about my bitcoins that is why i did the move to keep it safe.

Yes that is better option. You don’t need to put your income in online wallets because they are not much safer there. Hard forks can be hard and they may affect your online savings. You may be get panicked and then there will be you who is making everything sell on the spot. So better is to hold but keep your bitcoins in offline wallet where they can be said safe enough.

Well more than half of my holdings for btc i sold for alts. and when fork is done i'll sell again my alts for btc so it will rise and do it again in the next fork..

Any BTC I have currently is on an exchange, as long as they support the fork and will credit the forked coin then I will keep it on the exchange for ease, for example with bittrex and BTC gold. If they will not credit it (which I would be surprised about) then I will move it to a wallet. It is just easier this way

Yes I kept my coins on an exchange for both Hard Forks of Bitcoin.BCC and BCG.
Have learnt that they controlled the process of altcoin allocation,and also conversion schedules to BTC.
Have now sourced a Paper Wallet and moving all my coins off exchange.
I now have total control,and hence responsibility over my Bitcoin. 

 

Yes I put my money on exchanger to get the chance to sell.the coin quicker, the quicker you sell the coin the better the price, if you waited for the wallet you are missing your chance to get profit, and bitcoincash starting price is not bad, but this time the bitcoingold price is not too good, and for the next forking I will still put my money on exchanger

I am also one of those who is not worried about the upcoming hard fork with my bitcoin since the last segwit ended benefitting the bitcoin holders beyond imaginations. All the bitcoin holders are pretty calm and optimistic plus excited regarding the hard fork of November beacsue it is hihghly expected that bitcoin will touch 7000 dollars after it. So no ened to give even a small space to negative thoughst in your mind.

There comes so many occasions in your life when one wrong decision results in huge amount of loss. At the time when there is chaos all around, you need to actually control your nerves and think well before making any kind of decision.

I will for sure keep all my bitcoins during the upcoming forks because selling your bitcoins at that time actually means that you are going to suffer a huge loss.

of course, I kept my bitcoin on the exchange, and I put it in bittrex but few hours ago snapshot completed. I can't possibly miss it because some time ago I regret not saving bitcoin when getting free BCH and everyone is happy with that because the price is very high. I think the success of BCH will occur in bitcoin gold, at least the price above 0.1 its very good.

Many people panic when hardfork some time ago, now they are more confident to save in the wallet exchanger. There is not a single negative and dangerous market on hardfork and they promise a profitable split and keep our balance safe, I do not think there is any level of panic that matters for now, many people believe in them.

I hold it on a trusted trading platform then i withdraw it after the fork when bitcoin cash and gold credited in my account. that is the easiest way to sell it on higher price. Just make sure your account is verified to avoid problem.