Topic: Is this a good strategy until BTC/BTU is resolved? (Read 1806 times)
BTC better move to ETH, and following some good ICO, as Wetrust . I read that wetrust winning trophies a blockchain oscar, it certainly will have a high price after ico finished, and wait BTU release. as we move to some altcoin BTC and ICO then the chances of victory after BTU release will happen, and it would be easy to analyze fundamentally after BTU release.
As previously reported information, when the fork appears, we just need to put all the BTCs we have in a safe place, which is an offline wallet, which BTU is allowed to link. Link and appearance. And you need to make sure that you move the whole thing to a safe place before the hardfork happens, that's for sure. We can not predict the value of BTC and BU, but I hope BTC will keep its value, BU is an altcoin, it can grow but never over BTC. If you wish to hold your bitcoins during the hard fork event, just withdraw them from the exchanges ( if you are using any)into a wallet like electrum and wait. No need to do anything else. You can choose your side whenever you like.
What you need to be careful is, you need to do it before the HF, or you will be at the exchanges mercy.
What you need to be careful is, you need to do it before the HF, or you will be at the exchanges mercy.
If then HF happens and it splits, will a wallet like Ledger Nano S give copies of both or does it have to be a software wallet?
The closest investment analogy to a bitcoin hard fork could be a stock split.
No.If a hard fork occurs, the total number of bitcoin's will increase from 20 million to 40 million coins.
Wrong again. The supply of Bitcoin remains the same. What happens is that you create an altcoin with the same (existing and projection) supply of Bitcoin.That could mean that bitcoin's price will split by roughly 1/2.
No. 
Its difficult to say what is a good or bad strategy in terms of holding time.
The closest investment analogy to a bitcoin hard fork could be a stock split.
If a hard fork occurs, the total number of total bitcoin's will increase from 20 million to 40 million coins.
That could mean that bitcoin's price will split by roughly 1/2 as the total number of coins doubles.
There are multiple theories as to what might happen. Retailers could drop bitcoin until the split issue is resolved, or they could take sides.
A fork could be a blow to bitcoin's credibility and legitimacy.
What happens after a split in terms of timetable, is anyone's guess.
The closest investment analogy to a bitcoin hard fork could be a stock split.
If a hard fork occurs, the total number of total bitcoin's will increase from 20 million to 40 million coins.
That could mean that bitcoin's price will split by roughly 1/2 as the total number of coins doubles.
There are multiple theories as to what might happen. Retailers could drop bitcoin until the split issue is resolved, or they could take sides.
A fork could be a blow to bitcoin's credibility and legitimacy.
What happens after a split in terms of timetable, is anyone's guess.
When is the HF suppose to happen?
A HF is not supposed to happen; there isn't a planned hard fork. This is a contentious HF attack which may happen at any time.I mean exact time and date.Will we get to know about exact schedule before hand and what will happen to btc in transit (unconfirmed transaction) during HF (considering that confirmation is taking long these day
There is no schedule. Stop spamming the forum and go start reading something.I can see that some people are choosing another strategy- migrate to a alt-coin like ETH of ZCASH. This has actually resulted in the increase in these alt-coin value esp ETH and ZCASH.
You're suggesting two of the worst centralized scam coins. 
When is the HF suppose to happen?I mean exact time and date.Will we get to know about exact schedule before hand and what will happen to btc in transit (unconfirmed transaction) during HF (considering that confirmation is taking long these day
If I hold my BTC and wait until a month or so after the hard fork (if one occurs) before choosing a side, can my BTC then be transferred to the (possibly) new wallet without any loss of my current BTC?
I'm guessing that would be safer than trying to pick a side in the middle of a possible HF and then losing BTC if I pick the losing side.
EDIT: my goal is to keep all units of my BTC, not necessarily profiting from a split.
If such hard fork occurs,you should move your bitcoins to your hardware wallet before itself.If you leave it in your exchange,the exchange may postpone withdrawal and deposit for one or two days and you have to just wait till the exchange allows you to withdraw.After that,you will get your BTC and BU in equal quantity. I'm guessing that would be safer than trying to pick a side in the middle of a possible HF and then losing BTC if I pick the losing side.
EDIT: my goal is to keep all units of my BTC, not necessarily profiting from a split.
If I hold my BTC and wait until a month or so after the hard fork (if one occurs) before choosing a side, can my BTC then be transferred to the (possibly) new wallet without any loss of my current BTC?
I'm guessing that would be safer than trying to pick a side in the middle of a possible HF and then losing BTC if I pick the losing side.
EDIT: my goal is to keep all units of my BTC, not necessarily profiting from a split.
Keep good your private key, and defensive hacking, do these two points, your BTC won't go away I'm guessing that would be safer than trying to pick a side in the middle of a possible HF and then losing BTC if I pick the losing side.
EDIT: my goal is to keep all units of my BTC, not necessarily profiting from a split.
I can see that some people are choosing another strategy- migrate to a alt-coin like ETH of ZCASH. This has actually resulted in the increase in these alt-coin value esp ETH and ZCASH.
As long as the private key is secure and no transaction is being made during the HF, you should have control to both BTC and BTU.
I guess depending on your faith, you might choose one side and sell the other. You might ended up gaining some coins (on the winning chain) or risk losing coins (due to the losing chain). The safest will be to hold on to your private key and sleep.
I guess depending on your faith, you might choose one side and sell the other. You might ended up gaining some coins (on the winning chain) or risk losing coins (due to the losing chain). The safest will be to hold on to your private key and sleep.
If you wish to hold your bitcoins during the hard fork event, just withdraw them from the exchanges ( if you are using any)into a wallet like electrum and wait. No need to do anything else. You can choose your side whenever you like.
What you need to be careful is, you need to do it before the HF, or you will be at the exchanges mercy.
What you need to be careful is, you need to do it before the HF, or you will be at the exchanges mercy.
If then HF happens and it splits, will a wallet like Ledger Nano S give copies of both or does it have to be a software wallet?
Regardless of any wallet, software or hardware, exchange or own, until you have FULL CONTROL of your BTC wallet private key, any upcoming hard frock will create same balance on both chain, on current case both BTC and BTU.
Let me make it more clear, let's say, upto last block when hard frock happen, you have 5BTC on your wallet, as soon frock happen, you now have both BTC and BTU 5 units of coin on each side. As you control the private key of coin on both chain, ONLY you can spend, send, give, pay the amount on both chain.
Now come to the point where you don't have access to private key of your wallet, ie. balance on exchange or any 3rd party wallet provider, its up to the provider/exchange to make decision. Most of reputed exchange like Poloniex, Kraken, HitBTC already declared that they will give same amount of BTC to their user in case of hard frock. They will update your balance with same amount of BTU matching with your BTC balance on time of frock. As it is totally depends on your wallet provider to give you or not give you the balance. Batter you check directly with your wallet provider.
My suggestion will be to have your own wallet with private key known ONLY BY YOURSELF.
If you wish to hold your bitcoins during the hard fork event, just withdraw them from the exchanges ( if you are using any)into a wallet like electrum and wait. No need to do anything else. You can choose your side whenever you like.
What you need to be careful is, you need to do it before the HF, or you will be at the exchanges mercy.
What you need to be careful is, you need to do it before the HF, or you will be at the exchanges mercy.
If then HF happens and it splits, will a wallet like Ledger Nano S give copies of both or does it have to be a software wallet?
If you wish to hold your bitcoins during the hard fork event, just withdraw them from the exchanges ( if you are using any)into a wallet like electrum and wait. No need to do anything else. You can choose your side whenever you like.
What you need to be careful is, you need to do it before the HF, or you will be at the exchanges mercy.
What you need to be careful is, you need to do it before the HF, or you will be at the exchanges mercy.
If I hold my BTC and wait until a month or so after the hard fork (if one occurs) before choosing a side, can my BTC then be transferred to the (possibly) new wallet without any loss of my current BTC?
I'm guessing that would be safer than trying to pick a side in the middle of a possible HF and then losing BTC if I pick the losing side.
EDIT: my goal is to keep all units of my BTC, not necessarily profiting from a split.
I'm guessing that would be safer than trying to pick a side in the middle of a possible HF and then losing BTC if I pick the losing side.
EDIT: my goal is to keep all units of my BTC, not necessarily profiting from a split.
Jump to: