Is it worth moving 1/2 a Bitcoin for the hard-fork?

Laravel

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Quote from: Phalo on October 20, 2017, 03:56:30 AM

Personally I don't think so. I don't think bitcoin gold will have as much value as bitcoin cash. The coin will be lucky to cost $150.. Your coins are with exodus, which is a very expensive coin. But the time you complete that alt to btc transaction, you will already be left with a few less coins.

Exodus, a very expensive coin? Are you drunk or what? Exodus is a wallet provider not a coin. And if you search exodus coin on google, you will see that the first result is the exodus wallet.
I know exodus coin exist but the OP does not refer to that.

Quote from: hotmetaldobermans on October 19, 2017, 09:34:17 PM

Hi all, confused about the hard fork.

Using Exodus wallet, and supposedly they do not support the Bitcoin Gold fork tokens...

The fees on moving a half a bitcoin with Exodus would be a few dollars I think.

Would having 1/2 a coin be worth moving my funds to a supporting wallet?

Thanks!

Phalo

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Personally I don't think so. I don't think bitcoin gold will have as much value as bitcoin cash. The coin will be lucky to cost $150.. Your coins are with exodus, which is a very expensive coin. But the time you complete that alt to btc transaction, you will already be left with a few less coins.

Lucius

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Quote from: Kakmakr on October 20, 2017, 01:20:03 AM

You have no choice, because your current wallet does not support it. Let's say for one moment Bitcoin gold become very popular and the price increase to the same level where BTC are now. Your decision to move the 0.5BTC will then gain you about $2700 in the near future or even a lot more, if it goes to $20 000 or $50 000.

There should only be one option, which is to move the coins to a storage option where you can get the free Bitcoin Gold.

The thing is quite clear,if you want to claim BTG after fork you need to move your BTC to wallet where you can control your private keys,and then at any moment you can claim BTG and keep safe your BTC.I think that easiest way is to download Electrum desktop wallet and just send your BTC there.

I doubt that price of BTG can reach big price,just look how is BCH doing now-for me it is the same thing,just another altcoin on market.But it is free money and why not take it.To move BTC to wallet where you can control private keys and pay few $ for fee it is certainly profitable.

chichigirl

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HELENA

I haven't tried it but if you think that it is safe, well do it at your own risk. No one can predict what will be the result for the upcoming hard fork. So we need to think first before making a decision.

Opquar

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Why would you even bat an eyelash about a few dollars when you have half a Bitcoin? Just go for it lol. We don't know how BTG will turn out, but that's still a virtually zero risk move.

jojo69

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Quote from: 13abyknight on October 19, 2017, 09:43:22 PM

Totally worth it given that Bitcoin gold will have a substantial value after the fork which will most likely be the case.

seriously?

Kakmakr

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You have no choice, because your current wallet does not support it. Let's say for one moment Bitcoin gold become very popular and the price increase to the same level where BTC are now. Your decision to move the 0.5BTC will then gain you about $2700 in the near future or even a lot more, if it goes to $20 000 or $50 000.

There should only be one option, which is to move the coins to a storage option where you can get the free Bitcoin Gold.

hasmukh_rawal

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You should definitely move it into a wallet which supports BTG but be sure it's safe and secure. I have some to know from resources that BTG wil have a value of 1:10 of Bitcoin's price which means 1/10th of BTC price. Lets assume the price of BTC would be $5500 when the fork is accomplished. So the price of BTG will become $550 and it will give you $275 extra money. Lets just say $25 is the overall fee for transfer even then you will get $250 of extra income on moving your coins for a short time.

FrankNoland

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Quote from: hotmetaldobermans on October 19, 2017, 09:34:17 PM

Hi all, confused about the hard fork.

Using Exodus wallet, and supposedly they do not support the Bitcoin Gold fork tokens...

The fees on moving a half a bitcoin with Exodus would be a few dollars I think.

Would having 1/2 a coin be worth moving my funds to a supporting wallet?

Thanks!

In my opinion, I think its worth giving it a try. Even though you will be paying transaction fees to move your bitcoin from one wallet to another, but you will at the same time get some airdrpped bitcoin gold, which is good since every investor wants giveaway coins.

You will then decide whether to hold on to them or sell them, this will make you some profit. If you are experiencing problems with exodus, try using armory or electrum, they seem to be working just fime.

Singwala

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At the moment we do not know the price of BTG. But I think it's at $ 1,000 and if half the bitcoins you're releasing and moving it to the supporting wallet you'll receive 250 $ that's if the $ 1000 price is so you can not tie it up to $ 200.

piloder

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I don't know any wallet that will support bitcoin gold in future so its better to move your bitcoin to either paper wallet or electrum because if you will have private key of bitcoin address where you will have bitcoin during fork, than you can claim bitcoin gold after fork easily.

I have moved my bitcoin before august fork to paper wallet and easily claimed my bitcoin cash after fork. I will do same during coming fork too.

hotmetaldobermans

member

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Quote from: rcoins0720 on October 19, 2017, 11:18:21 PM

I would say yes if that will happen..
Better safe than sorry. If the exchanger or wallet doesent support the upcoming hardfork maybe you should exchange it or sell now and trade it to other kind of coins.
Or move to other walley best solution I think..
I am worried too but I will wait further more for updates of admin and moderators of this forum

This is like...the worst advice.

Dafuq.

Thanks, everyone. Will seek options.

rcoins0720

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I would say yes if that will happen..
Better safe than sorry. If the exchanger or wallet doesent support the upcoming hardfork maybe you should exchange it or sell now and trade it to other kind of coins.
Or move to other walley best solution I think..
I am worried too but I will wait further more for updates of admin and moderators of this forum

TheGodson

full member

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Is it worth it? No way to know for sure, but if I was to guess. I'd say yeah. Where you should move your Bitcoin is simple. Two words. Paper... Wallet... Paper wallet. The best place to store your bitcoins without a third party of any kind is a paper wallet. Just generate an address and send your coins there.

Very secure from the cyber world. Just don't lose the sheet of paper, because that would suck.

pooya87

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Quote from: hotmetaldobermans on October 19, 2017, 09:34:17 PM

The fees on moving a half a bitcoin with Exodus would be a few dollars I think.

then stop using "Exodus" as your bitcoin wallet! i have never heard or used it so i am not sure what you mean by a few dollars but for months bitcoin fees have been very cheap. i have never paid anything more than 10 satoshi per byte which is less than 15 cents. i use Electrum by the way.

Quote

Would having 1/2 a coin be worth moving my funds to a supporting wallet?

there is no "supporting wallet" yet except their fork of bitcoin core which is a full node and it is not yet complete. it needs more work before you want to move anything.
and by the way any wallet that you control the private keys will work when you want to claim your BTG tokens.

to be worth it you have to speculate about its price and that is impossible in my opinion. it can be $50 or it can be $1000!

npredtorch

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Quote from: hotmetaldobermans on October 19, 2017, 10:18:24 PM

Quote from: redcucumber on October 19, 2017, 10:16:46 PM

yes buy as many as you could as of now bitcoin might fly really high for the months to come, im done regretting not buying bitcoin in 2010-2013 and in loving bitcoin as of now but only invest what you could afford to lose

in bitcoin we trust

buy bitcoin guys and reap the rewards/profit later

I'm not talking about buying.

"Move it to a Trezor."

The USB cold wallet? Don't have time to order it, and I live in China / don't trust ordering one here (too much tampering)

Create your own btc address using vanitygen or any way that will provide you the private key of it. Print into paper https://www.coindesk.com/information/paper-wallet-tutorial/
Then, I suggest you to use and import it in a electrum wallet if you'll in need to transfer out the btc or in need to send it somewhere.

If I were you I'll take the risk to lose a few dollars (if it get failed) to have an opportunity of getting bitcoin gold which have chances that it will value more than BCH.

seleme

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Quote from: hotmetaldobermans on October 19, 2017, 09:34:17 PM

Hi all, confused about the hard fork.

Using Exodus wallet, and supposedly they do not support the Bitcoin Gold fork tokens...

The fees on moving a half a bitcoin with Exodus would be a few dollars I think.

Would having 1/2 a coin be worth moving my funds to a supporting wallet?

Thanks!

Depending on the case opinions are subject to change.Maybe there will be new opportunities but dont forget that there are counter arguments against current fork.Do your own homework and accept decision by yourself.

hotmetaldobermans

member

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Quote from: redcucumber on October 19, 2017, 10:16:46 PM

yes buy as many as you could as of now bitcoin might fly really high for the months to come, im done regretting not buying bitcoin in 2010-2013 and in loving bitcoin as of now but only invest what you could afford to lose

in bitcoin we trust

buy bitcoin guys and reap the rewards/profit later

I'm not talking about buying.

"Move it to a Trezor."

The USB cold wallet? Don't have time to order it, and I live in China / don't trust ordering one here (too much tampering)

redcucumber

member

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yes buy as many as you could as of now bitcoin might fly really high for the months to come, im done regretting not buying bitcoin in 2010-2013 and in loving bitcoin as of now but only invest what you could afford to lose

in bitcoin we trust

buy bitcoin guys and reap the rewards/profit later

HabBear

hero member

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Merit: 638

Yes, of course!

Move it to a Trezor and keep it there. Then cash in the Bitcoin Gold and Bitcoin Segwit2X when it drops over the next few weeks. It's free money, man, way more than your transaction fee.

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