Yes it is a mess, i have been investigating during the last days and all this matter from this next fork is really a garbage, i dont understand why they are making it so difficult to spend those coins, i dont get it, and why do they want to make double transactions? it is just like sending bitcoins, but sending segwit coins too, it doesnt make any sense at all.
Anyway, lets wait and see how it goes during the next days, we still dont know anything about that.
Topic: Warning! - page 2. (Read 1170 times)
i do not want to keep any coins on exchanges, and i'm not convinced some of them will do it in the way i want them to. you might end up with a coinbase situation where you're waiting months.
it's gonna be better to sit it out and do nothing while everyone else hammers this stuff out. that's if the fork actually happens which i'm still not sold on.
it's gonna be better to sit it out and do nothing while everyone else hammers this stuff out. that's if the fork actually happens which i'm still not sold on.
If at the time of the hard fork november 15 you will in bitcoins, then be sure to keep them on exchanges, otherwise you will not be able to make deposits for sale, both sides do not want to put protection from repeated transactions
I am sure there will be a big mess with most of the community is split to gain more power and control with the upcoming fork,i do not have any idea how things will end up,as we know the price of bitcoin is rising and i am not sure how things will end up after the fork,it will take some time for everything to settle after the fork i guess. 
If at the time of the hard fork november 15 you will in bitcoins, then be sure to keep them on exchanges, otherwise you will not be able to make deposits for sale, both sides do not want to put protection from repeated transactions
Don't forget that exchange aren't allowing you to give the private keys of the wallet you will use with them. Are you just want to trade immediately after the fork? Normally exchanges are closing the deposits and withdrawals through that fork coin and they are having some maintenance but they are not closing the buy and sell orders. Just like what happened to bitcoin cash, the trades has been quick and with that pump I missed the chance of selling it at the peak. It's still better to place your bitcoins on a wallet where you have the private keys.
Somebody have mentioned web wallets here to store the coins on at the time of the hard fork. Last time in August (OK, not last time, because since then the BTG fork has also happened) I have forgotten about a little bit of dust BTC in my Xapo web wallet. In the beginning of October or late September I have received a mail from XAPO that my BCH coins are ready to use, so it took them a while but they have managed to implement the new alt into their system. So web wallets could be OK, but the best is when you have your private key.
The problem in this case is that you need to trust the third party to do right by customers. It's better to cut the third party out entirely and make sure that you have access to your funds anytime you want. That goes for BTC but also BCH or BTG or B2X.
One thing of note here: To ensure that you have access to both BTC and B2X after next month's fork, you need to control your own private keys. But it's a bit more complicated than that. For example, you control your private keys on Blockchain.info. So you can safely extract anything held by those private keys after the fork. But if you try to send/receive "BTC" using Blockchain.info after the fork, you have no way of knowing which chain you are using. Beware!
If at the time of the hard fork november 15 you will in bitcoins, then be sure to keep them on exchanges, otherwise you will not be able to make deposits for sale, both sides do not want to put protection from repeated transactions
This is terrible advice, I'm sorry. Which exchange allows you to keep your private keys? I have yet to hear/see one. Rule number is that whatever wallet you keel your coins in, make sure you have access to your keys. Let exchanges and wallet developers worry about replay protection. As a user your only worry is your keys, unless you are dumb enough to do transactions immediately after the fork. Your coins will go no where, you can wait a few days, until developers have done their jobs.
Somebody have mentioned web wallets here to store the coins on at the time of the hard fork. Last time in August (OK, not last time, because since then the BTG fork has also happened) I have forgotten about a little bit of dust BTC in my Xapo web wallet. In the beginning of October or late September I have received a mail from XAPO that my BCH coins are ready to use, so it took them a while but they have managed to implement the new alt into their system. So web wallets could be OK, but the best is when you have your private key.
you can use, but exchanges the input close and output both circuits
I am a little bit confused now. Is it warning about to hold coins on an exchanger or do not? And will it be impossible to put or output coins only on 15tg November only or some short period around the fork? Thanks.I am also in the same situation like you. Not getting it at all about where to store the coins really. Some says during the hard fork it is always good to store or it is mandatory to store the coins on wallets for which we are holding the private keys really.
If we consider that in our calculation then I’m pretty confused here because I know hundred percent that exchanger have no private keys which are given to us. Their wallets are under their own control. So what’s the logic here.
If at the time of the hard fork november 15 you will in bitcoins, then be sure to keep them on exchanges, otherwise you will not be able to make deposits for sale, both sides do not want to put protection from repeated transactions
I think this goes against common sense. Leaving all your coins on exchanges exposes you to incredible third party risk. And the fact that there is no replay protection makes this even riskier: what if an exchange screws up their internal replay protection and ends up losing lots of coins?
Or what if this ends like like Bitcoin Cash or Ethereum Classic on Coinbase, where it takes them many months to give people their minority chain coins? There is also no guarantee that any given exchange will support markets for both coins. Bitfinex will definitely offer markets for both, but I'm not sure what everyone's policy will be.
What would be the safest method for you? Keep your coins in a wallet (with private keys) until the dust settles after the fork? Are there any negative effects of such a method?
better safe bitcoin to your wallet with private key, not in exchange. also paused transaction use bitcoin before and after hardfork to make sure.
If at the time of the hard fork november 15 you will in bitcoins, then be sure to keep them on exchanges, otherwise you will not be able to make deposits for sale, both sides do not want to put protection from repeated transactions
I think this goes against common sense. Leaving all your coins on exchanges exposes you to incredible third party risk. And the fact that there is no replay protection makes this even riskier: what if an exchange screws up their internal replay protection and ends up losing lots of coins?
Or what if this ends like like Bitcoin Cash or Ethereum Classic on Coinbase, where it takes them many months to give people their minority chain coins? There is also no guarantee that any given exchange will support markets for both coins. Bitfinex will definitely offer markets for both, but I'm not sure what everyone's policy will be.
If at the time of the hard fork november 15 you will in bitcoins, then be sure to keep them on exchanges, otherwise you will not be able to make deposits for sale, both sides do not want to put protection from repeated transactions
cant recommend this unless you are conversant in crypto. the only time you should be leaving coins on exchanges is if you know with certainty you want to liquidate as fast as possible. otherwise, the same classic issues that arise are still there: you dont control the keys, and everyone has decided to centralize the store of bitcoin by choosing tht specific exchange. this makes the exchange a more attractive target to hackers and trolls. imagine if an exchange got hacked while it was holding all that coin, or even ddos for that matter
Retaining control of the contents of your wallet should be more important to you than a potential quick profit from getting to dump the losing chain.
If your bitcoin is on an exchange, it's not "your" bitcoin any more, regardless of what the exchange may say or promise. They may cut and run, they may Gox it up, and you've got no control since you don't have the private keys to "your" bitcoin. It's only yours if you have those keys and nobody else does. Nobody knows what's going to happen when Segwit2X goes down, and nobody can predict how the exchanges will respond. Stay safe, and stay in control.
If your bitcoin is on an exchange, it's not "your" bitcoin any more, regardless of what the exchange may say or promise. They may cut and run, they may Gox it up, and you've got no control since you don't have the private keys to "your" bitcoin. It's only yours if you have those keys and nobody else does. Nobody knows what's going to happen when Segwit2X goes down, and nobody can predict how the exchanges will respond. Stay safe, and stay in control.
Oh what is this? There a lot of thing happen and makes me confusing. i hope bitcoin prices will not down because of this. Okay thanks for the information. Hard fork?
Holding your funds on exchanges doesn't mean that you will be able as soon as fork happens. Just remember poloniex that was offline for some days after BCH fork. In addition to that you still have the same smount of risk about the exchange hacks or scams. Anyway the early BCH sellers go their profits only because there was an extremely low amount of suply on exchanges and it won't happen now if everyone will be able to sell their "free money" asap.
If at the time of the hard fork november 15 you will in bitcoins, then be sure to keep them on exchanges, otherwise you will not be able to make deposits for sale, both sides do not want to put protection from repeated transactions
lately i'm so busy I don't have time to read the Bitcoin news, thank you alevlaslo your information is very useful for me I will move my Bitcoin into exchanges, where the good exchange to keep Bitcoin?
It is better to keep it in exchanges. They may offer equal amount of both coins after split.
But during hard fork exchanges stop receiving or sending bitcoins for few hours. Even if some don't, it is better not to do any transactions around that time.
But during hard fork exchanges stop receiving or sending bitcoins for few hours. Even if some don't, it is better not to do any transactions around that time.
do not deposit and withdraw bitcoin during the fork, it will make a delivery error and result in your bitcoin missing. it's better to wait until all the bitcoin systems return smoothly
That's true。 It's safer to put it on the exchange when you split it. There's another fork next month. Let's wait for the candy.
your warning needs an even bigger warning itself!
these days almost everyone knows this but since OP neglected it, i should mention that keeping your coins on an exchange in not at all a good idea. there has been too many cases of them running away and becoming scams. and there has been even more cases of them closing their users' accounts. recently bittrex did that for a lot of their users from different countries forcing them to verify their accounts and rejecting some even when they did that!
not to mention that in case of no replay protection that OP calls "repeated transactions", the exchanges not only won't support it but also they may lose their funds.
this all means if you hold anything on exchanges you are taking even a bigger risk.
these days almost everyone knows this but since OP neglected it, i should mention that keeping your coins on an exchange in not at all a good idea. there has been too many cases of them running away and becoming scams. and there has been even more cases of them closing their users' accounts. recently bittrex did that for a lot of their users from different countries forcing them to verify their accounts and rejecting some even when they did that!
not to mention that in case of no replay protection that OP calls "repeated transactions", the exchanges not only won't support it but also they may lose their funds.
this all means if you hold anything on exchanges you are taking even a bigger risk.
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