Topic: Best place to store bitcoins during the forks - page 2. (Read 1284 times)

i can tell you that if you save in blockchain, then you are safe although its not 100% safe but blockchain is not like the other wallet and if you can safe your private keys and all information about blockchain in the save place, then you don't have to be worried. I think you might be want to try other wallet like offline wallet that only installed in your computer without having any connection to internet or you can use paper wallet. there is no need to worried about the fork as long as you safe your bitcoin in the right wallet.

I have small ammounts keeping them in Blockchain and I will see what happens 

Any comments highly appreciated.
Hoping the above calculation holds true and contribute to calming down the nervous people

So, I understand the following is correct:

1- I will simply keep my BTC in Jaxx mobile wallet.
2- As of 23 October I will not buy, sell, send, recieive or even move or import between wallets or addresses.
3- 1st December I am having “on the ledgers” say 5 BTC and 5 BTG, and 5 B2X
4- I am having my private keys for BTC in Jaxx wallet.

5 BTC are already in my Jaxx wallet.

BTG block chain exists definetly with its own exchange rate

I assume by 1st December the dust would have settled and we have one of the following situations:
1- BTC or B2X is dead and equal zero, that is, one of them will not be existing, the survivor will be called Bitcoin and BTC (whether it is the 1 MB or the new 2 MB), and it will have the same market price of BTC.
2- BTC only exists (so business as usual, as if there was no segwit2x)
3- B2X only exists (so I have 5 airdropped B2X, with its market value, and 5 BTC are gone)
4- Both BTC and B2X coexists, and I have 5 BTC and 5 B2X (it is up to the market to give the price for each, but the market might support B2X for faster confirmation and lower transaction fee), if so, I assume 1 BTC+1 B2X will be equal to roughly the 6000 USD current market price (assuming no price change till then)

Then remains the question about the replay of the transaction, how would I send all my BTC funds on the 1st December to another BTC address in another wallet and be sure it will be received and executed as BTC during the transaction?

I should then after emptying my Jaxx wallet, install a B2X wallet and import the Jaxx wallet so I get the airdropped 5 B2X in it.

Am I correct in this analysis?

Sorry, it is technically complicated for me.

no probs bitart, if you get a chance look at this bitcointalk post about it:

https://bitcointalk.org/index.php?topic=2214577.new#new

Its confusing for me but the end result seems to be legacy is the way to go for ledger.

If anyone sees an official post from Ledger feel free to correct me, but thats all I have to go on so far.

The official ledger post regarding a split and your btc, is here. Its quite vague.

https://ledger.groovehq.com/knowledge_base/topics/what-about-bitcoin-xt-what-would-happen-in-case-of-a-fork?from_search=true

Definitely,it would be a risky move.Bitcoin cash was given support by bittrex exchange last time,but this time,till now,no good exchanges or wallets have announced their support for bitcoin gold.So,its not clear how it could be got.So,don't get yourself in to trouble by storing your bitcoins in a wallet of fake company.

I was also wondering if the segwit address would be OK for the bitcoin gold, but now it's clear that the legacy address is needed for that. Thanks for the info, I have to move some dust from the segwit address to the legacy, every penny counts

Yeah Im storing on my ledger but get confused between whether to store in legacy or segwit. I seen the other post regarding it and it recommended store in legacy, so will give that a whirl, cross fingers and hide until its done

The best place to keep your bitcoin during Forks is your blockchain wallet and good exchange company like poloniex and Bittrex, this is because so many people testified that they got money double during the last Fork in August of which that may repeat itself.

Cold storage. That's basically the safest place to store coins whether it be fork or not. If you leave it in freebitco which is governed by a third party, they might not give you your other coin if they don't support it.

i have such a small amount of BTC that i'm keeping it in an exchanger (kraken), very solid, reliable and hopefully, will enable the new coin as soon as possible.
In the previous fork, my dust was stored in Poloniex and i had no issue as well.
The transaction fees for withdrawal is not that low (for the small amount i have) so i prefer to keep it there with my finger crossed.

Don't store all of your bitcoins in exchanges if you got more coins because it is not safe.

I can't see any difference in that respect. The two forks are slightly different as Bitcoin Gold will use different addresses it has replay protection. You will have to take the same precautions with your private keys whatever wallet you use. Make sure you move your BTC to a new wallet after the fork then move the new coins as soon as you can.

I still rely myetherwallet place to store the coins obtained from several types of project. although many risk that appears suddenly but not be a barrier for me to stay trust the best performance during this time.

Guys, what do you think about keeping BTC in Exodus during the fork? Is it a good idea?

I do not know how to keep my Bitcoins safe. I think every stock has a different thought for fork. There is still time. I will transfer Bitcoin to a safe place up to 5 days.

Store on cold storages! So you still have hold of your coins. So after the fork you can claim your other coin flawlessly. Yes you can have both coin after the fork.

I think that's not a good choice, because freebitco.in is a faucet and gambling. It's up to them if at any time they want to close the website and will be very risky for you. Store your BTC in a exchange wallet like bitrex, poloniex, and more big marketplace it would be safer, and it seems they will support it if necessary (like freebitco.in). The entire market still hasn't released an official statement whether they will support BTG on hardfork later, but at least your money will be safer there although not a guarantee.

I think it's better to store bitcoins during the hard fork on the exchanges, because then you can trade immediately and not wait until the coins will be available for deposit.

The best place to store your bitcoins before,during and after the forks is an open source hardware wallet that support the forks while you're also the holder of the wallet private keys because the holder of bitcoin wallet keys is automatically the owner and keeper of the bitcoin inside the wallet..