Topic: Bitcoin at Exchanges on August 1 (Read 2064 times)
Everything depends on the outcome. If it goes smoothly, then the market will be operating as usual. If it is tough, then there will probably be temporary trading halts at the exchanges
Try to store your bitcoins on cold wallets. Because bitcoin in exchanges are not safe. Only the alternative coins are safe in exchanges. Or store bitcoins on wallets that has private key to make it safe. Or store it on the wallets you put your trust on.
This is correct make sure you have the private key of your bitcoins to make it safe, or other option is to convert it to top altcoins like ETH, Litecoins, DASH. We have to be safe this coming segwit and if you
observe the market dump nowadays, that would already tell people are on panic.
Try to store your bitcoins on cold wallets. Because bitcoin in exchanges are not safe. Only the alternative coins are safe in exchanges. Or store bitcoins on wallets that has private key to make it safe. Or store it on the wallets you put your trust on.
This is correct make sure you have the private key of your bitcoins to make it safe, or other option is to convert it to top altcoins like ETH, Litecoins, DASH. We have to be safe this coming segwit and if you
observe the market dump nowadays, that would already tell people are on panic.
Try to store your bitcoins on cold wallets. Because bitcoin in exchanges are not safe. Only the alternative coins are safe in exchanges. Or store bitcoins on wallets that has private key to make it safe. Or store it on the wallets you put your trust on.
Technically what could happen to transaction on August 1st?
Technically what happens during home maintenance, cover the valuables, you step out, let the work be finished. The same thing here, safeguard your valuable bitcoins where you own the private keys, there would be some network instability, avoid transactions at this time, once network stabilizes just carry on.
Just don't store your bitcoins in exchanges. If a split happens, no matter what the contingency plan of exchanges is, it's always risk free when you have total control over your coins.
After reading this news https://bitcointalksearch.org/topic/august-1-bip148-preparedness-2017191
Is the bitcoin on different exchanges is also at risk? Should we try to withdraw it?
What can we do to protect our bitcoins placed at different exchange sites like polo, bittrex or another?
Is the bitcoin on different exchanges is also at risk? Should we try to withdraw it?
What can we do to protect our bitcoins placed at different exchange sites like polo, bittrex or another?
I believe that all Bitcoins are all at risk whenever that they are on an exchange regardless of any event that may come. So basically, even if the possible hard fork is not around Bitcoin at any exchange can vanish into thin air. Possible cause: exchange was hacked, exchange server behaves haywire and die, or the owner ran away and took all of your Bitcoins. So with Segwit around the corner, it is best to withdraw your Bitcoins or buy alts.
After reading this news https://bitcointalksearch.org/topic/august-1-bip148-preparedness-2017191
Is the bitcoin on different exchanges is also at risk? Should we try to withdraw it?
What can we do to protect our bitcoins placed at different exchange sites like polo, bittrex or another?
There are several guides about what to do to prepare yourself as we get closer to the date of August 1, and the majority of them if not all recommend that you have your bitcoin in an address you control and that you have the private key, so you need to get your bitcoin out of any exchange as fast as possible.Is the bitcoin on different exchanges is also at risk? Should we try to withdraw it?
What can we do to protect our bitcoins placed at different exchange sites like polo, bittrex or another?
After reading this news https://bitcointalksearch.org/topic/august-1-bip148-preparedness-2017191
Is the bitcoin on different exchanges is also at risk? Should we try to withdraw it?
What can we do to protect our bitcoins placed at different exchange sites like polo, bittrex or another?
Is the bitcoin on different exchanges is also at risk? Should we try to withdraw it?
What can we do to protect our bitcoins placed at different exchange sites like polo, bittrex or another?
I believe that all Bitcoins are all at risk whenever that they are on an exchange regardless of any event that may come. So basically, even if the possible hard fork is not around Bitcoin at any exchange can vanish into thin air. Possible cause: exchange was hacked, exchange server behaves haywire and die, or the owner ran away and took all of your Bitcoins. So with Segwit around the corner, it is best to withdraw your Bitcoins or buy alts.
It is always safe and wise to store your bitcoins in an offline wallet and this becomes more important and necessary in situations like the one which bitcoin might undergo in August or afterwards. I have a small amount of bitcoin on poloniex and bittrex too but I'm not worried about them so much because the amount is not big.
Go out to keep in mind that for this period it is better to withdraw all the crypto currency from the purse exchange? Can this system affect the quantity but not on these accounts. 
It is always safe and wise to store your bitcoins in an offline wallet and this becomes more important and necessary in situations like the one which bitcoin might undergo in August or afterwards. I have a small amount of bitcoin on poloniex and bittrex too but I'm not worried about them so much because the amount is not big.
After reading this news https://bitcointalksearch.org/topic/august-1-bip148-preparedness-2017191
Is the bitcoin on different exchanges is also at risk? Should we try to withdraw it?
What can we do to protect our bitcoins placed at different exchange sites like polo, bittrex or another?
There are several guides about what to do to prepare yourself as we get closer to the date of August 1, and the majority of them if not all recommend that you have your bitcoin in an address you control and that you have the private key, so you need to get your bitcoin out of any exchange as fast as possible.Is the bitcoin on different exchanges is also at risk? Should we try to withdraw it?
What can we do to protect our bitcoins placed at different exchange sites like polo, bittrex or another?
Yes I talked with lot of people, for chance of hard fork you should all pull your bitcoins to your local wallets. its safest to do that day.
The clever exchanges will host options to support both chains, if it comes down to a chain split. You will need to be able to sell your Original BTC for the JihanVer BTC and visa versa. It would be stupid not to offer people an option to exchange both. This is how, for example Freebitco.in will handle this :
" Recently, there have been discussions about the possibility of a bitcoin hard fork happening so we wanted to address the issue for users who have their coins stored with us.
We feel that the possibility of a hard fork has been greatly exaggerated, however we are prepared to deal with it if it does happen.
If there is a hard fork, we shall always follow the longest chain (the chain with the most proof of work) as our primary coin. Bitcoins on the secondary chain however, will be made available for withdrawal by users after there has been a clear winning chain. So for each satoshi that users have with us, they will receive 2 (or more if there are multiple forks), one on the longest chain and one in the minority chain/s. "
This is actually even better than if you decided to hold on your wallet, because some wallets will require special actions to spend coins on the minority chain only. From what i've read normally if you send your coins after the fork without changing anything, you will be spending on both chains at the same time. " Recently, there have been discussions about the possibility of a bitcoin hard fork happening so we wanted to address the issue for users who have their coins stored with us.
We feel that the possibility of a hard fork has been greatly exaggerated, however we are prepared to deal with it if it does happen.
If there is a hard fork, we shall always follow the longest chain (the chain with the most proof of work) as our primary coin. Bitcoins on the secondary chain however, will be made available for withdrawal by users after there has been a clear winning chain. So for each satoshi that users have with us, they will receive 2 (or more if there are multiple forks), one on the longest chain and one in the minority chain/s. "
After reading this news https://bitcointalksearch.org/topic/august-1-bip148-preparedness-2017191
Is the bitcoin on different exchanges is also at risk? Should we try to withdraw it?
What can we do to protect our bitcoins placed at different exchange sites like polo, bittrex or another?
There are several guides about what to do to prepare yourself as we get closer to the date of August 1, and the majority of them if not all recommend that you have your bitcoin in an address you control and that you have the private key, so you need to get your bitcoin out of any exchange as fast as possible.Is the bitcoin on different exchanges is also at risk? Should we try to withdraw it?
What can we do to protect our bitcoins placed at different exchange sites like polo, bittrex or another?
I don't think any thing negative will happen and people are just sell off base on fear and panicking. Most of us here have little knowledge on what hardfork is and the exchangers platform has a deep knowledge on what will happen. You should not afraid as this is not the first time!
After reading this news https://bitcointalksearch.org/topic/august-1-bip148-preparedness-2017191
Is the bitcoin on different exchanges is also at risk? Should we try to withdraw it?
What can we do to protect our bitcoins placed at different exchange sites like polo, bittrex or another?
There are several guides about what to do to prepare yourself as we get closer to the date of August 1, and the majority of them if not all recommend that you have your bitcoin in an address you control and that you have the private key, so you need to get your bitcoin out of any exchange as fast as possible. Is the bitcoin on different exchanges is also at risk? Should we try to withdraw it?
What can we do to protect our bitcoins placed at different exchange sites like polo, bittrex or another?
if I hold my bitcoins on a hardware wallet and a hard fork happens, will I still somehow receive bitcoin unlimited?
Exchangers Position:
https://poloniex.com/press-releases/2017.03.17-Hard-Fork/
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https://bitcointalksearch.org/topic/m.20119234
After reading this news https://bitcointalksearch.org/topic/august-1-bip148-preparedness-2017191
Is the bitcoin on different exchanges is also at risk? Should we try to withdraw it?
What can we do to protect our bitcoins placed at different exchange sites like polo, bittrex or another?
Is the bitcoin on different exchanges is also at risk? Should we try to withdraw it?
What can we do to protect our bitcoins placed at different exchange sites like polo, bittrex or another?
No one can really so sure in what will happen next to this thing it is just a precaution to all bitcoin users that there is a possible split so if you have a big investment of yours in an exchanges it is better to put it on a paper wallet but trust me that exchanges will do also their part in this incoming situation if there is a split.
But for safety purposes if you are really worried then store it to a local wallet then.
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