Bitrrex to handle the chain split | Bitcointalksearch.org

khufuking

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Quote from: Lipe490 on October 25, 2017, 06:03:51 PM

Bittrex is becoming an irrelevant exchange and they're doing everything to assure that. For this fork they didnt say anything concrete and blocked withdraws and deposit, I got lost with that thing. Then we had the problems with the accounts being locked for apparently no reason and they came up with a statement one week later. Now we are seeing they listing irrelevant coins that nobody knows from nothing, and I can only think that they are being very well paid to do such a thing. So much nice projects begging for a listing and they just don't give any feedback. I am very disapointed with Bittrex and I think they'll lose lots of customers in next months.

There is no need to pump an old thread there is already new one for BTG update , Btw getting paid to list coins is the standard thing for all exchanges not just Bittrex . I do agree for the closing of accounts they needed to say something and give people chance to withdraw before doing this .
I will lock this thread now you can see if you need more info about the current fork in this thread . https://bitcointalksearch.org/topic/m.23347376

Jonsnowstark

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Activity: 364

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I just recently moved my bitcoins to bittrex and i'm glad to know they do this for us. I used to have it in poloniex and they do the split for me there too. I gurss with exchange sites that's what tgey usually do

Lipe490

sr. member

Activity: 602

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Bittrex is becoming an irrelevant exchange and they're doing everything to assure that. For this fork they didnt say anything concrete and blocked withdraws and deposit, I got lost with that thing. Then we had the problems with the accounts being locked for apparently no reason and they came up with a statement one week later. Now we are seeing they listing irrelevant coins that nobody knows from nothing, and I can only think that they are being very well paid to do such a thing. So much nice projects begging for a listing and they just don't give any feedback. I am very disapointed with Bittrex and I think they'll lose lots of customers in next months.

Qunenin

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Activity: 966

Merit: 506

Up to this point, other than announcements, the only active change I've seen for them is it they increased 38 confirmations from 3 to 6. It's actually kind of funny, that the additional activity on the blockchain has speed things up to the point, we're we're getting those six confirmations in less time than it took to get three last week.

monocolor

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Own ONION

it's pretty nice that they do this for you. but I'd prefer to keep the bitcoin with me, it's simple. In case a split, it is easy for me to extract the private key and get to any new wallet as needed

Netnox

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This is a welcome step by Bittrex. But why should anyone keep any of their hard earned coins in an exchange wallet, especially when there is chaos and FUD everywhere? I would be interested to know whether BTC-e is also following this or not. But their site has been down for more than 24 hours now.

Yatsan

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Leading Crypto Sports Betting & Casino Platform

The bitcoin will not have a coin splitting anymore so I think that news is not gonna happen anymore but aside form that the segwit is 80% agreed by the miners all around the world so I think bitcoin will have a burst this year interms of price so it's better to hold as many as the bitcoin you can month before the segwit.

Kumo77

newbie

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Nice. I am glad that I chose this company.

So far I have been really happy using their exchange, fast and easy to understand.

pearlmen

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Quote from: khufuking on July 23, 2017, 02:43:14 PM

I did not wanted to make new thread for this and posted it on other thread but from the look of it no one bother reading the posts . So maybe this will work .. New thread ^^

Bitrrex stated that they will credit both chains with coins if split happen . That what they claim they will do . So i guess there is no reason to worry if you have your BTC there they will do the job for you !

Edit : The withdrawing is back on bittrex . And I did withdraw my remaining coins .

The major outcry about you moving your coins to where you can control it is not because of sites like bitrex but the ones that will see that as an opportunity to get themselves rich by going offline and never come back online due to the proposed chain split and that could mean loss of large amount of wealth to individuals. Also, because no one is sure the many variants of bitcoin we will be having and exchange sites might not have a consensus as to which one to accept so, they can pick based on subjective reasons and then derecognise the others.

Pajulapoiss

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Activity: 554

Merit: 251

Quote from: inthelongrun on July 25, 2017, 06:15:42 AM

Quote from: Pajulapoiss on July 24, 2017, 05:11:00 AM

I have like 80% value spread to different altcoins, that are in my bittrex wallet.

What would be the safest way to go forward?

Should I trade everything to btc and send it to private wallet?

Or are my funds safe even If I just keep them on my bittrex wallet as they are?

What would you do? Why?

I think alts are not a problem right now. Do not worry. Just hold them as they are and wait for this turmoil to cool down. That's what I'm doing also. I am avoiding bitcoin exchanges. I remain with my alts. Their price will be affected of course but their safety will remain good. When the smoke goes down, these will all rise again.

Yea, thanks! I was starting to get a bit worried when I suddenly realized 1. Aug is not far away. I reached out to a friend, asking for advice, and posted here as well.
He also suggested "hodl & relax" It's always a good idea to ask around when you're not sure or feeling panicky or FUD. I would have claimed quite a few real losses if I had traded alts back to btc, now it's just imaginary losses, and there's a good chance I will still end up with a hefty profit.

inthelongrun

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Activity: 1862

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The Martian Child

Quote from: Pajulapoiss on July 24, 2017, 05:11:00 AM

I have like 80% value spread to different altcoins, that are in my bittrex wallet.

What would be the safest way to go forward?

Should I trade everything to btc and send it to private wallet?

Or are my funds safe even If I just keep them on my bittrex wallet as they are?

What would you do? Why?

I think alts are not a problem right now. Do not worry. Just hold them as they are and wait for this turmoil to cool down. That's what I'm doing also. I am avoiding bitcoin exchanges. I remain with my alts. Their price will be affected of course but their safety will remain good. When the smoke goes down, these will all rise again.

aoluain

legendary

Activity: 2436

Merit: 1362

would I be presumptions in thinking that all the exchanges
are going to be handling a possible chain split?

khufuking

sr. member

Activity: 840

Merit: 266

Quote from: SmartIphone on July 25, 2017, 05:25:59 AM

What do you mean with the free airdrop? Do you think new altcoins will use as a reference the firxt block on 1st August?? And then distribute their coins?
I have to exchange the bitcoins in the first week of August so I dont know if it is safe to exchsnge now or waiting for the 1st August or maybe a few days after and then exchange to altcoins?

I am talking about BCC here is a link to give you more understanding read the second post of it . https://bitcointalksearch.org/topic/august-1-bip148-preparedness-2017191

Also I recommend reading this thread https://bitcointalk.org/index.php?topic=2012799.440

costina

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Quote from: Omega Weapon on July 24, 2017, 10:29:45 PM

Quote from: khufuking on July 23, 2017, 02:43:14 PM

I did not wanted to make new thread for this and posted it on other thread but from the look of it no one bother reading the posts . So maybe this will work .. New thread ^^

Bitrrex stated that they will credit both chains with coins if split happen . That what they claim they will do . So i guess there is no reason to worry if you have your BTC there they will do the job for you !

You do not understand, the exchanges may say they will do it and they may honor that promise, but at the end of the day you are relying on a third party to do your job, bitcoin is a way to have complete control over our funds, if you are letting someone else do this then you don’t have total and absolute control over your bitcoin that is the point and the reason why you must do this yourself.

However, when holding Bitcoin on exchange can helps me create still can create order buy/sell if have some bloodbath in this time. Although, when do that I agree give exchange permission control my Bitcoin.

SmartIphone

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Quote from: khufuking on July 25, 2017, 05:12:21 AM

Quote from: SmartIphone on July 25, 2017, 05:03:01 AM

How long after the 1st August will we be able to start using bitcoin as normal like now (a week ahead)
I'm thinking to exchange the bitcoins to another altcoins in Bittrex for a week or two then exchange back to bitcoin but I'm afraid if the price of bitcoin will be higher so I will get less bitcoin that I had.
What would the best idea in this case?

To be honest I see no point in exchange my BTC to any alt . If I exchange my BTC into any alts now I will lose 2 opportunities at 1 August which is
( 1- A chance for a free airdrop in the event an alt coin born . 2- A chance of the BTC price get higher after August ends ) .

What do you mean with the free airdrop? Do you think new altcoins will use as a reference the firxt block on 1st August?? And then distribute their coins?
I have to exchange the bitcoins in the first week of August so I dont know if it is safe to exchsnge now or waiting for the 1st August or maybe a few days after and then exchange to altcoins?

khufuking

sr. member

Activity: 840

Merit: 266

Quote from: SmartIphone on July 25, 2017, 05:03:01 AM

How long after the 1st August will we be able to start using bitcoin as normal like now (a week ahead)
I'm thinking to exchange the bitcoins to another altcoins in Bittrex for a week or two then exchange back to bitcoin but I'm afraid if the price of bitcoin will be higher so I will get less bitcoin that I had.
What would the best idea in this case?

To be honest I see no point in exchange my BTC to any alt . If I exchange my BTC into any alts now I will lose 2 opportunities at 1 August which is
( 1- A chance for a free airdrop in the event an alt coin born . 2- A chance of the BTC price get higher after August ends ) .

SmartIphone

legendary

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Quote from: khufuking on July 24, 2017, 05:46:02 AM

Quote from: Pajulapoiss on July 24, 2017, 05:11:00 AM

I have like 80% value spread to different altcoins, that are in my bittrex wallet.

What would be the safest way to go forward?

Should I trade everything to btc and send it to private wallet?

Or are my funds safe even If I just keep them on my bittrex wallet as they are?

What would you do? Why?

- It is already too late for you to move your BTC from Bittrex they disabled deposit/withdraw for BTC .

- I have provided the link for Bittrex announcement and according to it you should be safe ( But I am Not taking responsibilities it is up to you to trade your BTC or not ) .

- What I will do is selling my alts and keep them as BTC if split happen I will get coins in both chains if no split happen there is big chance that BTC will move up a lot .

How long after the 1st August will we be able to start using bitcoin as normal like now (a week ahead)
I'm thinking to exchange the bitcoins to another altcoins in Bittrex for a week or two then exchange back to bitcoin but I'm afraid if the price of bitcoin will be higher so I will get less bitcoin that I had.
What would the best idea in this case?

Prodigan786

sr. member

Activity: 434

Merit: 250

I dint take any chance neither i dont want to withdraw the fund holding in Bittrex simply i converted as altcoins like ethereeum and Waves and aslo planning to buy some more from my wallet holdings.

khufuking

sr. member

Activity: 840

Merit: 266

Quote from: Omega Weapon on July 24, 2017, 10:29:45 PM

You do not understand, the exchanges may say they will do it and they may honor that promise, but at the end of the day you are relying on a third party to do your job, bitcoin is a way to have complete control over our funds, if you are letting someone else do this then you don’t have total and absolute control over your bitcoin that is the point and the reason why you must do this yourself.

I totally agree . I made this post when Bittrex disabled withdrawing of BTC but since they enabled it back I withdraw my remaining balance and now it is safe on my electrum wallet . I will edit the main post to include that info .

skyline247

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Quote from: khufuking on July 24, 2017, 05:46:02 AM

Quote from: Pajulapoiss on July 24, 2017, 05:11:00 AM

I have like 80% value spread to different altcoins, that are in my bittrex wallet.

What would be the safest way to go forward?

Should I trade everything to btc and send it to private wallet?

Or are my funds safe even If I just keep them on my bittrex wallet as they are?

What would you do? Why?

- It is already too late for you to move your BTC from Bittrex they disabled deposit/withdraw for BTC .

- I have provided the link for Bittrex announcement and according to it you should be safe ( But I am Not taking responsibilities it is up to you to trade your BTC or not ) .

- What I will do is selling my alts and keep them as BTC if split happen I will get coins in both chains if no split happen there is big chance that BTC will move up a lot .

Yet another example of why you should never store Bitcoin on a 3rd party exchange/wallet.

The safest way to store your Bitcoin is in a PAPER WALLET. Have you ever held a dollar bill? Guess what, that is paper money. A Bitcoin paper wallet is essentially the same.

Have you lost over 20 BTC before? It is not a good feeling. Only keep Bitcoins on exchanges if you plan on trading them.

Topic: Bitrrex to handle the chain split (Read 2247 times)