During time the August 1 I did not keep Bitcoin because of bad rumors about the future of Bitcoin, I kept altcoin and failed miserably.
Now maybe I will keep a bit of Bitcoin on Bittrex and wait for low altcoin to buy them for the rest. History can will not repeat !!!
Topic: Are you going to keep your BTC on exchange during the upcoming forks? - page 3. (Read 2475 times)
October 19, 2017, 09:51:03 PM
October 19, 2017, 07:39:29 PM
1. Did you hold your BTC on exchange on August 1st?
I did, since Okex anounced beforehand that they will pay them out.
2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork?
Not so sure about Gold atm, Okex doesn mention it, only 2x: https://support.okex.com/hc/en-us/articles/115002105192-OKEx-Policy-Of-Segwit2x-HardFork
October 19, 2017, 06:47:37 PM
I'd recommend not to keep your BTC on an exchange during the fork. There have been many modifications and as suggested by a lot, it's better to make sure that your wallet provider supports the new enhancements and changes to the fork. Check with them if they will issue BTC gold and have your stacks stored based on that. You can send your BTC after to any exchange and start trading again, but remember what happened with the previous fork.. it was mayhem during the first days and weeks but suprisingly Bitcoin Cash is still alive, who knows for how long though.
Yes it is not recommended to keep your bitcoins or any of your tokens in the exchanges when there is a fork happening. The chance that your coins will be affected and will be lost is high if that exchanges made any changes or modifications. It is highly recommended to take out your coins in exchanges and then keep it into safer wallets if you don't want your hard work to go to waste. For me, I will hold my bitcoins in my wallet even if there will be a hard fork coming. I know that bitcoin will surpass this again and I believe that its price will skyrocket again.
October 19, 2017, 06:11:49 PM
I'd recommend not to keep your BTC on an exchange during the fork. There have been many modifications and as suggested by a lot, it's better to make sure that your wallet provider supports the new enhancements and changes to the fork. Check with them if they will issue BTC gold and have your stacks stored based on that. You can send your BTC after to any exchange and start trading again, but remember what happened with the previous fork.. it was mayhem during the first days and weeks but suprisingly Bitcoin Cash is still alive, who knows for how long though.
Yes it is not recommended to keep your bitcoins or any of your tokens in the exchanges when there is a fork happening. The chance that your coins will be affected and will be lost is high if that exchanges made any changes or modifications. It is highly recommended to take out your coins in exchanges and then keep it into safer wallets if you don't want your hard work to go to waste. For me, I will hold my bitcoins in my wallet even if there will be a hard fork coming. I know that bitcoin will surpass this again and I believe that its price will skyrocket again.
October 19, 2017, 01:05:16 PM
one thing to consider, which happened with bch, was those that left their btc on bittrex were able to exchange their bch right away when the prices were high. i had my btc in my electrum wallet and it seemed like it took forever to get them on the exchange. i think that was due to the high difficulty from the btc blockchain, and i don't think that will be the case with this new blockchain. also i'm skeptical of bittrex's trustworthiness now and will only use it for small amounts, so i will continue to keep btc in my private wallet.
October 19, 2017, 12:41:56 PM
I don't have much to transfer to exchange, so I guess whatever I have will be on my wallet and I think it is even better for me that way to avoid any misses.
However, you should note that there won't still be any serious difference if you are holding your funds in a centralized wallet where you are not in full control of your coins. You may as well still get nabbed in the process. However, since you said you do not have much, probably it is not worth considering pulling around then considering the fees. October 19, 2017, 11:33:40 AM
For this fork, I am not keeping BTC in exchanges. I will be keeping in my BTC wallet which i have the private key. Initially, I intend to keep in Bittrex but there aren’t any news whether Bittrex will give Bitcoin Cash back to me. And given the recent cases of Bittrex suspending accounts for verification without notice, I have firmly decided not to leave any BTC in Bittrex for this fork.
October 19, 2017, 11:26:38 AM
The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin.
So, I'm curious to ask traders two things:
1. Did you hold your BTC on exchange on August 1st?
2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork?
So, I'm curious to ask traders two things:
1. Did you hold your BTC on exchange on August 1st?
2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork?
Certainly my bitcoins are in Bittrex and they say Bittrex is their support for BTG so all those who have bitcoins hold on the exchanger will get BTG equal to their few holds. But I'm afraid you better put it in Hardwallet to be more secure and safe.
October 19, 2017, 10:54:19 AM
The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin.
So, I'm curious to ask traders two things:
1. Did you hold your BTC on exchange on August 1st?
2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork?
Yes I hold some amount of my Bitcoin in my wallet with poloniex exchange during the last Fork in August and I was comperciated by way of given me some amount of Bitcoin Cash. My plans this time for the next Fork come November is to save about 30 percent of my Bitcoin in my wallet with poloniex exchange, while the remaining 70 percent of my Bitcoin will remain in my blockchian wallet. So, I'm curious to ask traders two things:
1. Did you hold your BTC on exchange on August 1st?
2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork?
October 19, 2017, 10:30:41 AM
I will keep it as long as the exchange support BTG in the upcoming forks and must be trusted exchange. But currently only Yobit i heard support BTG.
October 19, 2017, 10:23:45 AM
I'm usually keep it on local exchanger since I've trust them over 2 years and everything still fine until now
Of course I'm not keep them all at one place, I've also my own electrum wallet in order to prevent something bad happen
I always leave my Bitcoin in one trusted exchanger wallet. During August 1 (Bitcoin Cash) fork, I wanted to withdraw all the money I invested in there, but before I could do it, it was already late, so I left it there. After the fork it was safe and nothing happened to it. But this time, I withdrawing my Bitcoin from.all exchangers just because of my.own personal reasons. Of course I'm not keep them all at one place, I've also my own electrum wallet in order to prevent something bad happen
October 19, 2017, 07:44:34 AM
I always keep my BTC on the Bittrex or Poloniex exchanges because they always support the user very well and in August I got the BCH from this exchange and in the near future they will definitely support the BTG.
October 19, 2017, 07:33:55 AM
you can keep your BTC on your wallet and ask for BCG when the fork is done.
You cannot just keep your funds in any wallet and hope to just ask for BTC and get it. If it works that way no one will be asking. If you want to keep it in a decentralized wallet, make sure you know how to handle private keys without you fumbling and losing all your assets and if you are using a centralized wallet or an exchange, it is best you find out if they will be supporting the forked chain or not, otherwise you will get nothing if they aren't. October 18, 2017, 10:26:10 AM
I'm usually keep it on local exchanger since I've trust them over 2 years and everything still fine until now
Of course I'm not keep them all at one place, I've also my own electrum wallet in order to prevent something bad happen
Of course I'm not keep them all at one place, I've also my own electrum wallet in order to prevent something bad happen
October 18, 2017, 10:20:55 AM
Actually, last time during the 1st August fork, I've got some small part of bitcoin left on the exchanges and actually I really enjoyed the way they did it, as they have autmatically splited my coins and I was able to sell the fork ones immiediately, without having to worry about new wallets or slow transaction times. However, I wouldn't risk with holding any significant amount as it's always better to control your wallet the funds, but I don't complain about execution of the last fork.
If everything can work pretty fine as it happened last time during the BCC fork, it will obviously be a seamless ride but it is just too risky. I could gamble some exchanges like bittrex but not all exchanges and it is even always better to know their level of support for the forked chain before going ahead.Hopefully, they do the needful again this time around at least it won't cause people having to use their private keys all by themselves before some newbies end up getting themselves screwed.
October 18, 2017, 01:15:16 AM
Don't trust any exchange EVER! They can cut off access to your funds anytime.
October 18, 2017, 12:31:22 AM
The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin.
So, I'm curious to ask traders two things:
1. Did you hold your BTC on exchange on August 1st?
2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork?
So, I'm curious to ask traders two things:
1. Did you hold your BTC on exchange on August 1st?
2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork?
Yes i will hold it to our local exchange because it is better to have no investment but my coins are safe than continue to expect gaining investment but our coins is at high risk. Our local wallet are guaranteed safe and can be trusted specially after the Aug 1 fork therefore still i will do tha same in order for my bitcoins is 100% safe then i will trade it after segwit2X if everything is safe. Better be safe than regreting of losing our bitcoin forever.
October 18, 2017, 12:14:59 AM
I really don't care that much, I will keep my coins. Yes, I will withdraw all my coins if I see that price is going down because I don't want any loss. However, I guess the price will go up more after the fork what are you guys predicting?
Also, I am going to hold my Bitcoin in my wallet not in an exchange or anywhere, Maybe I will upload all the coins in offline wallet.
I do not save bitoin in the exchange as this has the high risks of getting loss all your funds in the exchange. I still prefer holding or I keep btc in other wallet wereas I can save all my hard earn btc in a wallet.Also, I am going to hold my Bitcoin in my wallet not in an exchange or anywhere, Maybe I will upload all the coins in offline wallet.
Can you explain how we can lose all of your Bitcoins saved in exchange lost during the hard fork? However, I have withdrew all my coins to offline wallet they are saved now? Or should I exchange them in local currency, What kind of risk we are having?
October 17, 2017, 01:24:52 PM
Actually, last time during the 1st August fork, I've got some small part of bitcoin left on the exchanges and actually I really enjoyed the way they did it, as they have autmatically splited my coins and I was able to sell the fork ones immiediately, without having to worry about new wallets or slow transaction times. However, I wouldn't risk with holding any significant amount as it's always better to control your wallet the funds, but I don't complain about execution of the last fork.
October 17, 2017, 01:13:14 PM
No.This time I am not going to do it.but previous hardfork I kept my coin into bittrex and cryptopia and both of the exchange platform support harfork and give me BCC into my wallet.
I can see exchanges has really done a good job on people's mentality of leaving their funds in exchanges during a fork due to the last one that occurred. Sure, no one wants to miss out on having the forked chain quickly so as to dump it as far as possible but it is too much risk and a gamblish decision to make.What if things ended up not going on as expected. I am not trying to be pessimistic here but just being realistic. However, it is all good and I hope the exchanges don't end up rendering people crazy this time around.
Jump to: