there are two potential hard-forks that I can
think of Some miners most likely will not comply to BIP148. To ensure their chain is not reorged, a
hard-fork is necessary, unless their hashrate is
overwhelmingly higher. Since the hard-fork will
create another chain split, they may hesitate to
do it.
Topic: HardFork What to do - page 2. (Read 5564 times)
I am not a tech guy and I don't understand this article - http://docs.electrum.org/en/latest/hardfork.html
Well I would like to know are they update their Windows Wallet application with both type of Bitcoin so the noob users don't have to do anything.
Thanks.
Well I would like to know are they update their Windows Wallet application with both type of Bitcoin so the noob users don't have to do anything.
Thanks.
ELECTRUM or MULTIBIT wallets are not safe in this case?
I would also like to know . Thx
Electrum is fine... it provides easy access to private keys if required, and is regularly updated and supported. The dev has even created instructions for how to "split" your coins if required in the increasingly unlikely event that a hard fork happens... ref: http://docs.electrum.org/en/latest/hardfork.html
MultiBit (both Classic and HD) on the other hand... while they both provide access to private keys... should NOT be used for other non-fork related reasons... Classic is no longer maintainted and is VERY outdated... especially when it comes to fees. HD has some fairly major bugs that were reported as early as March/April and are STILL unresolved.... no updates visible on the code since March... and even the devs are saying to use Breadwallet and/or Simple Bitcoin Wallet to "rescue" your coins when their wallet craps out and you get the dreaded "Password did not unlock the wallet" issue. Additionally, HD does not provide "easy" access to your private keys... (Although it is "Seed" based and you can use the BIP39 mnemonic code converter to get access to keys: https://iancoleman.github.io/bip39/)
All you need to do is to store your BTC in a hard wallet that u can acces the private keys. don't use Coinsbase,Xapo, or any Bitcoin wallet that you cannot access your private keys. This is may result of losing your btc. Or Simply sell your Bitcoins now (2800$) price
into fiat and buy back again after segwit. I think this is like Ether price drop 40% quickly recover.
into fiat and buy back again after segwit. I think this is like Ether price drop 40% quickly recover.
Rule of thumb is - make sure you're using a wallet that gives you access to your private keys.
I'd recommend either a Trezor or Ledger for a hardware wallet, or even a desktop wallet like Exodus. You'll be very safe that way. After the fork you can then decide what to do from there.
I'd recommend either a Trezor or Ledger for a hardware wallet, or even a desktop wallet like Exodus. You'll be very safe that way. After the fork you can then decide what to do from there.
ELECTRUM or MULTIBIT wallets are not safe in this case?
I would also like to know . Thx
All you need to do is to store your BTC in a hard wallet that u can acces the private keys. don't use Coinsbase,Xapo, or any Bitcoin wallet that you cannot access your private keys. This is may result of losing your btc. Or Simply sell your Bitcoins now (2800$) price
into fiat and buy back again after segwit. I think this is like Ether price drop 40% quickly recover.
into fiat and buy back again after segwit. I think this is like Ether price drop 40% quickly recover.
Rule of thumb is - make sure you're using a wallet that gives you access to your private keys.
I'd recommend either a Trezor or Ledger for a hardware wallet, or even a desktop wallet like Exodus. You'll be very safe that way. After the fork you can then decide what to do from there.
I'd recommend either a Trezor or Ledger for a hardware wallet, or even a desktop wallet like Exodus. You'll be very safe that way. After the fork you can then decide what to do from there.
ELECTRUM or MULTIBIT wallets are not safe in this case?
All you need to do is to store your BTC in a hard wallet that u can acces the private keys. don't use Coinsbase,Xapo, or any Bitcoin wallet that you cannot access your private keys. This is may result of losing your btc. Or Simply sell your Bitcoins now (2800$) price
into fiat and buy back again after segwit. I think this is like Ether price drop 40% quickly recover.
into fiat and buy back again after segwit. I think this is like Ether price drop 40% quickly recover.
Yap and i think this is just a common style for the upcoming hardfork. We may never know whats gonna happen as it may be just be another beta for the real thing thats gonna happen. A lot may say that he price might become unpredictable and that can be true this will just be another milestone for a new change in the btc.
All you need to do is to store your BTC in a hard wallet that u can acces the private keys. don't use Coinsbase,Xapo, or any Bitcoin wallet that you cannot access your private keys. This is may result of losing your btc. Or Simply sell your Bitcoins now (2800$) price
into fiat and buy back again after segwit. I think this is like Ether price drop 40% quickly recover.
into fiat and buy back again after segwit. I think this is like Ether price drop 40% quickly recover.
LOL what we can do? We only can wait & watch...nothing is in our hands.Dont worry
For security and fear of change you can change your BTC to USDT or fiat money memontarily for security or safety purposes . You can always return if changes are finished.
I would try to store all my bitcoins in a hardware wallet with the private key being next to you. Or alternately, you could, as mentioned before, invest in any top 5 altcoin as their prices go up due to demand and then later rebuy when the all-clear has been given in the following hours after August 1. Or you could even go the distance to sell all your coins at the last possible time and then re-buy at the earliest time you can. This ensures that you get the best possible price when you get back aftermath Segwit2x
Keep the suckers offline my friend.
You don't own your crypto if you don't detain the private keys.
You don't own your crypto if you don't detain the private keys.
The whole Bitcoin community is now full of so many news, ideas, opinions and anything in between related to the possible soft or hard fork. I am glad that am not anymore storing a significant amount of Bitcoin as I used them in the past few weeks for some nice ICOs.
Well, for now, nobody can really assure whether there would be a fork and if there is whether it can be soft or hard. There is no single authority on Bitcoin which is always opening doors for speculations and FUD running amok.
After August 1 and when the dust already settled, it would be nice to revisit all the lessons we should learned on this necessary mess.
Well, for now, nobody can really assure whether there would be a fork and if there is whether it can be soft or hard. There is no single authority on Bitcoin which is always opening doors for speculations and FUD running amok.
After August 1 and when the dust already settled, it would be nice to revisit all the lessons we should learned on this necessary mess.
Too many different ideas. I decided to follow one of the developers ideas which is a great member of this forum too "achow1" which says transfer all your coins to bitcoin core wallet and wait what will happen. I have a really considerable amount of bitcoins which I am moving from my hardware wallet to bitcoin core as soon as it will be synchronized. I don't want to lose anything so I am following a bitcoin core developer idea. I hope I will be right.
I'm pretty sure you'll find that achow NEVER explicitly suggested that your move all your coins to bitcoin core wallet... and probably never suggested that you move coins OUT of a hardware wallet! 
The general consensus on the best course of action is to make sure that your coins are in a wallet that gives you access to your private keys. Control and Access to the private keys is the important thing. If your wallet lets you have access to the private keys, you can do whatever you need to do with your coins if/when a fork happens. Read here: https://bitcointalksearch.org/topic/august-1-bip148-preparedness-2017191 and here: https://bitcointalksearch.org/topic/guide-handling-splits-uasfs-bip148-etc-2012799
Not sure what hardware wallet you're using... but I'd be fairly confident it will allow you access to your private keys and is probably a more secure storage solution than an internet connected PC.
Rule of thumb is - make sure you're using a wallet that gives you access to your private keys.
I'd recommend either a Trezor or Ledger for a hardware wallet, or even a desktop wallet like Exodus. You'll be very safe that way. After the fork you can then decide what to do from there.
I'd recommend either a Trezor or Ledger for a hardware wallet, or even a desktop wallet like Exodus. You'll be very safe that way. After the fork you can then decide what to do from there.
Seems like good advice to me.
Too many different ideas. I decided to follow one of the developers ideas which is a great member of this forum too "achow1" which says transfer all your coins to bitcoin core wallet and wait what will happen. I have a really considerable amount of bitcoins which I am moving from my hardware wallet to bitcoin core as soon as it will be synchronized. I don't want to lose anything so I am following a bitcoin core developer idea. I hope I will be right.
Why not 3 or even 4 Chains? Even more Profit?
Hodl -> Hardfork -> 2 different Bitcoins -> Profit.
We can all only guess, but if you want to HODL you need to make sure to use a wallet which allows you to control your private key.
Another option is obviously to trade BTC for alt coins or to sell and rebuy later.
I would propose not to buy right now, as we still have a bit of time ahead of us with uncertainty and panic sales - guessing the prices will lower a bit. I will probably buy back somewhere late August as I am currently guessing that the hard fork will not be a big issue (with Segwit2x seemingly having around 90% of support and therefore we might only see a 10% split in value towards the alt bitcoin version). Once people realize that, everybody who pulled out will want to buy their BTC back.. and then we might see a massive and fast pump back to June regions.
Another option is obviously to trade BTC for alt coins or to sell and rebuy later.
I would propose not to buy right now, as we still have a bit of time ahead of us with uncertainty and panic sales - guessing the prices will lower a bit. I will probably buy back somewhere late August as I am currently guessing that the hard fork will not be a big issue (with Segwit2x seemingly having around 90% of support and therefore we might only see a 10% split in value towards the alt bitcoin version). Once people realize that, everybody who pulled out will want to buy their BTC back.. and then we might see a massive and fast pump back to June regions.
beware for big price jumps. could be down or... up. you don't want to miss the boat when btc starts skyrocketing
Splitting of chain is the worst case scenario. Nobody wants that and every possible thing is being done to avoid it. Segwit2x will certainly prevent it if gets activated before UASF. But preparing for worst case scenario is not bad. What I suggest you is don't convert all your bitcoin to fiat. Instead invest in any top 5 Altcoin as they are likely to appreciate as people will be shifting to them. If you aren't sure about trading then convert you BTC to USDT. Thus, your money will be available to you instantly(buying bitcoin or any Altcoin in future) and without any depreciation in price.
This is a good suggestion, that for the time being we can move btc to Alt coin.Although Splitting is a bad scenario, but this what we facing thru in next month.
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