Topic: My strategy for the next hardfork SEGWIT2X - page 4. (Read 3482 times)

This is going to gather different ideas for sure. The responses will vary because there will be those individuals here that considers with importance the free B2X that they will receive by simply holding bitcoin. There are also those individuals who will say that it is not a good decision to dump all altcoins just to receive some free B2X. For me, do not put all your investments in a single side of the coin. You may convert half of your portfolio for bitcoins and the rest for altcoins. 

I don not think so. SW2X will first get major hashrate. After market does it´s work, maybe 2X looses value. But Bitcoin Cash will compete with 1X and 2X as SegWit free Bitcoin. It will continue to grow because it is more useful than BTC. I expect at least 50% worth of BTC

i think its a good time to sell it and buy back your altcoins
like if you have eth around 10k usd and sell it into bitcoin
wait until the hardfork happen, after that you buy your ethereum back

so after that you get more money than before, since you have 10k worth of eth and plus bonus BTG or bitcoin gold

Dont put all your money in bitcoin because what if the price of bitcoin decrease or fall . Your money lose also . Yes they have posibility that you earn big becuase the amount of bitcoin that you the amount bit2x you will get also like bitcoincash what if the price of the next bit2x will collect the funds of bitcoin for sure it will decrease the price. But all decision is yours always be careful of you doing.

That is not so good idea because the majority of the community thinks the same. Look at the bitcoin gold if you had just bought the bitcoin and sold a the top instead of waiting for btg drop, you would have made more money just by doing this. The 2x fork is very bad for the bitcoin community, they are trying to destroy and split it, but I don't think that they will succeed, as the bitcoin community after first fork is stronger than ever, everyone is running their own nodes right now

This is the worst decision any one can makes. Selling BTC for Bitcoin Segwit 2x when most probably all people will sell their Bitcoin Segwit 2x!!!!

and why finally sell them for Bitcoin Cash? It is so risky and it is like a gamble with very low chance.

My strategy:

step1: Transfer BTC to an exchange that credits 2X immediately when the fork is happening. (Because you won´t be able to do transactions)
step2: Sell all of my 1X BTC for 2X
step3: Sell all of my 2X for BitcoinCash

I think that is the best thing you can do, a lot of people are going to sell their alts just to jump in to the bitcoin train, it has been happening the same during the last fork, that is why it increased by a lot of money during the past few weeks.
Anyway, i will try to do the same, but i dont like the way that bitcoin is going up so quickly, but i still trust in it after all. But i will keep my bitcoins until the fork, i do want to receive those coins for free too.

Not having Bitcoin now is a big mistake, people were cashing out into Bitcoin since 2 months, it can take different paths, you either know that Bitcoin will rise and alt will fall, then you can buy altcoins cheaper before every fork, or you want to get free coins from the fork, in both cases having Bitcoin is a must.

Which alts did you buy? If the picks are good I would just keep holding.

Why did you co.pare btg to segwit2x. Segwit2x is a legit hardfork and btg is just a shit coin. Any one can make such coin and name d it btc silver btc bronze etc...the real hard fork is segwit2x. But i also see very much tag on twitter using no2x or something. But segwit2x is better then btg maybe the price will be equal to bitcoin cash

I would hold the alts if I were you mate. Fill your bags when they are low and just be patient.

Your strategy sounds good but how can u be sure that alts will go down. Maybe opposite they will raise up and you ll stay with your bitcoins and wont be able to buy them back

I will sell half of my altcoins if the go 100% for bitcoin, otherwise i will do nothing and hold. Im in for the longterm.

Cheers

in my opinion planning for SegWit2x this soon is madness. that fork is not like BTG to be clearly a premined shitcoin, you need to wait and see what will happen. and also if everyone starts thinking about you, the price will go to the moon and by the time you want to sell altcoins to get bitcoin or even buy it, that would be way too late.

i also find it strange that you say you are not holding any amount of bitcoin but you claim to be holding altcoins which have lost considerable amount of their price (since you bought in summer ATH)!

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from your comments here i have a feeling that you read a lot of reddit emotional bullshit and you are caught up in it. if so, you have to seriously stop it or that will hurt you badly.

valuable? we don't know yet.
it may replace bitcoin and become the majority chain. or it may end up being nothing with 0 hashrate. or it may be a split and leave bitcoin half and half!

if these numbers are bitcoin core versions, then i believe btc1 has already merged 0.15 changes into their repository. but i am certain that there has been NO security vulnerabilities in bitcoin core 0.14.

a large part of bitcoin network is still on 0.14 by the way!

replay protection is not an improvement. it is either a necessity or a damaging thing.
it is a necessity if a fork doesn't have enough support (>95%) and can potentially leave another chain running.
a damaging thing if it has a large support (>95%) because it causes everyone to be forced to upgrade their wallets. think of this as if after SegWit fork in September you would have to upgrade your wallet just because they implemented replay protection for SegWit soft fork which had 100% support!

their team believes they have a large amount of support and i believe they won't implement replay protection until proven otherwise which means until the real signaling begins.

no they won't. they will start sending invalid blocks and then transactions which will be rejected by the bitcoin network. the worst thing that can happen is wasting bitcoin nodes' resources such as bandwidth and CPU power.
(don't confuse this with replay attack)

by the way if they would have looked exactly like bitcoin nodes then there would have been a serious flaw in bitcoin!

all that said is just my understanding and my plans. i prefer to wait and watch before deciding what B2X is. wait to see how many of the miners stay and how many will go, how many of the businesses, .... will do the same.
and obviously i am holding bitcoin but for a very long time i don't mind any dips, in the end the real bitcoin will survive.

I have been thinking a lot about this...
As i have been doing my own research, it seems that dumping alts to buy BTC and get the valuable B2X, could be a very big mistake that i'm not going to assume. The hardfork would be without the necessary, changes necessary for upgrade to 0.15.
Instead of that there is a high risk with security vulnerabilities of Bitcoin 0.14, so hackers could take advantage of this and make a lot of damage to our wallets.
The B2X team didn't also put any effort to improve B2X with replay protection. Segwit2x nodes will look exactly like bitcoin nodes so that bitcoin nodes do not know what transaction should reject... all this sounds fishy..  
Balls of steel to risk your investments? Then go for B2X .. me at least, i decided to keep on with my alts.
take your own decision, but please be warned. be careful.

I would buy more bitcoins...bitcoin will continue to rise because most of holders are hodlers. Plus, you will get ur segwit 2x. Token dumping might be a good idea but keep those whose devs have long term plans for their tokens..
Somecurrency analist also suggest people to sell their gold for bitcoins because they strongly believe that bitcoin is far more profitable.

well taking in mind the actual market.. rises/drops... impossible to follow... so the winner strategy will be DO NOTHING!
i think it is time to turn off the TV, wait some years and then see what happened with my investment..

It is a sound strategy in my opinion, because Segwit2x will be bigger than BCG, even if none of the three forks this year will overcome Bitcoin. I have lost a lot of BTC due to alts dipping, and I stayed away from BCG. But just before Segwit2x fork, I will do the same, sell half my alts to BTC, get the free coins, sell back for more BTC, and then rebuy my alts. I think I can at least recover 5% of losses this way.

I am holding all losses until then.

I second that!