What should i do with my bitcoins against the next fork - page 2.

filharvey

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Quote from: nl247 on November 06, 2017, 12:35:09 AM

Quote from: investerS on November 05, 2017, 11:34:49 PM

Quote from: RGBKey on November 05, 2017, 11:30:47 PM

Unless the websites have explicitly stated they'll be distributing 2x coins, then you should withdraw them to your own wallet (one which you control the private keys to, such as Bitcoin Core or Electrum) before the fork block. This will allow you to split the coins yourself at a later date. Make sure you follow a guide when doing so.

I have been using blockchain ever since, will bitcoincore or electrum distribute coins? And are they reliable, just want to know bros.

Bitcoin core is good but it is a heavy desktop wallet and unless you are willing to donate a huge Gigabyte from your system for that, then you should just go for electrum instead. The essence is having your assets in a wallet where you have access to your private keys and electrum gives you that access.
However, there are some other online wallets or exchanges that could have sent out messages on their plans of giving out B2X, so if you feel you cannot handle private keys, you may just leave your funds there and wait to receive the other chain after the fork, but it is not really good leaving your funds in a centralised wallet in moments like this.

Some exchanges lie coinbase,CEX.IO,HitBTC have announced tentative support for segwit 2x.But still,it is not advisable to store bitcoins in any exchanges during hard forks and even at normal time.

Segwit 2x activation and hard fork as a result of it is entirely different from other hard forks.During other hard forks,every one knew very well that it would not succeed in replacing the original bitcoin and so,free coins could be got.

But this time,this segwit 2x activation is even expected to replace the true bitcoin since it has majority of miner support.If it succeeds,then surely there would be a big chaos at that time.

nl247

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Quote from: investerS on November 05, 2017, 11:34:49 PM

Quote from: RGBKey on November 05, 2017, 11:30:47 PM

Unless the websites have explicitly stated they'll be distributing 2x coins, then you should withdraw them to your own wallet (one which you control the private keys to, such as Bitcoin Core or Electrum) before the fork block. This will allow you to split the coins yourself at a later date. Make sure you follow a guide when doing so.

I have been using blockchain ever since, will bitcoincore or electrum distribute coins? And are they reliable, just want to know bros.

Bitcoin core is good but it is a heavy desktop wallet and unless you are willing to donate a huge Gigabyte from your system for that, then you should just go for electrum instead. The essence is having your assets in a wallet where you have access to your private keys and electrum gives you that access.
However, there are some other online wallets or exchanges that could have sent out messages on their plans of giving out B2X, so if you feel you cannot handle private keys, you may just leave your funds there and wait to receive the other chain after the fork, but it is not really good leaving your funds in a centralised wallet in moments like this.

BrewMaster

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Quote from: illinest on November 05, 2017, 11:57:17 PM

Quote from: investerS on November 05, 2017, 11:29:06 PM

hey guys, i just want to know what to do with my bitcoins against the next fork coming Nov 16. I have some bitcoins with casino websites, should i move it out or leave it there? Thanks.

Even if a service explicitly says that they will support both chains, a lot can go wrong. It's always safest to withdraw your coins to addresses that you control. Coinbase took several months to deliver customers their Ethereum Classic, and they still haven't delivered Bitcoin Cash from August, either.

With the lack of replay protection, if there is majority hash power on the 2x chain, I expect a lot of chaos directly after the fork. That means deposit/withdrawal delays and even market freezes on exchanges. I'm going to sit the whole thing out and hold both legacy coins and the B2X coins until the dust settles.

it all comes down to how much bitcoin we are talking about here. with different amounts you can do a lot of different things.
if you have a very small amount then it is much easier to just leave it on the exchanges to receive the small equal amount to sell and increase the amount you own.
if it is medium amount which is something that gives you bigger amount than the fees (eg at least 0.01 worth of new coin) then it is still worth it to keep it on exchanges.
and if you have a very large amount then you can deposit a medium amount on exchanges and keep the rest in your cold storage to claim the new coins later on yourself. but still receive something in first wave.

illinest

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Quote from: cryptojedi on November 05, 2017, 11:57:24 PM

First things first. ATM, it is not 100% sure there will be fork at all. If I d have to bet, I d bet against it being a major event.
To tell you the truth, maybe major miners backing down on this fork would be a good thing for BTC.

Indeed. But people keep talking about miners as if they are dominated by short term rational interest. A lot of people are conveniently ignoring that Bitmain likely controls a majority of the hash rate, and perhaps considerably more at full capacity.

Given their support of fork shenanigans over the past couple years and their sustained efforts against Segwit and in support of Bitcoin Cash, I think we can expect that they are operating on a very long time line. Fork chaos and replay attacks in the context of high difficulty for both BTC and B2X might make Bitcoin Cash appear as the logical solution. As much as I hate to say it, the BCH chart looks even more bullish than the BTC chart.

Getcoinsite

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Quote from: imstillthebest on November 05, 2017, 11:40:10 PM

Quote from: investerS on November 05, 2017, 11:29:06 PM

hey guys, i just want to know what to do with my bitcoins against the next fork coming Nov 16. I have some bitcoins with casino websites, should i move it out or leave it there? Thanks.

i suggest you should move it to a bitcoin wallet or online exchanges that supports the forked coins in order to get free forked coins equivalent to your bitcoin balance though , i think its just safe to leave it there if you dont want free coins but for sure they will be temporarily disabled the withdraw and deposit function the day or after the fork begins to avoid any unecessary errors and problems that might occur to your coins.

agreed,move your bitcoin on your wallet its more secure there,dont trust any sites than your wallet,,coz if ever theres a system error when fork comes,you will only needed one site to check its your wallet.so better do it now foz fork is too soon

RGBKey

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Quote from: cryptojedi on November 05, 2017, 11:57:24 PM

First things first. ATM, it is not 100% sure there will be fork at all. If I d have to bet, I d bet against it being a major event.
To tell you the truth, maybe major miners backing down on this fork would be a good thing for BTC.

Still, your best option is to move your coins to your PC wallet where you have control of your private keys. If you do not control private keys, you do not control your coins. After that, you can only wait and see what happens.

There will 100% be a fork, and people should be worried about it. I highly doubt the big Chinese miners are going to back down from this.

cryptojedi

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First things first. ATM, it is not 100% sure there will be fork at all. If I d have to bet, I d bet against it being a major event.
To tell you the truth, maybe major miners backing down on this fork would be a good thing for BTC.

Still, your best option is to move your coins to your PC wallet where you have control of your private keys. If you do not control private keys, you do not control your coins. After that, you can only wait and see what happens.

illinest

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Quote from: investerS on November 05, 2017, 11:29:06 PM

hey guys, i just want to know what to do with my bitcoins against the next fork coming Nov 16. I have some bitcoins with casino websites, should i move it out or leave it there? Thanks.

Even if a service explicitly says that they will support both chains, a lot can go wrong. It's always safest to withdraw your coins to addresses that you control. Coinbase took several months to deliver customers their Ethereum Classic, and they still haven't delivered Bitcoin Cash from August, either.

With the lack of replay protection, if there is majority hash power on the 2x chain, I expect a lot of chaos directly after the fork. That means deposit/withdrawal delays and even market freezes on exchanges. I'm going to sit the whole thing out and hold both legacy coins and the B2X coins until the dust settles.

Virtual miner

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Quote from: RGBKey on November 05, 2017, 11:52:57 PM

Quote from: investerS on November 05, 2017, 11:51:40 PM

Quote from: pooya87 on November 05, 2017, 11:42:48 PM

Quote from: investerS on November 05, 2017, 11:29:06 PM

hey guys, i just want to know what to do with my bitcoins against the next fork coming Nov 16. I have some bitcoins with casino websites, should i move it out or leave it there? Thanks.

you should not even leave your coins on "websites" no matter what they are or how safe you think they are. you are leaving your money with a third party and that is risky on its own regardless of this upcoming fork.

as far as this fork is concerned the casino websites rarely bother crediting their users what they are owned if there is a new fork and new coins which means in case you want your new coins (bitcoin gold, segwit2x, any other future ones like silver!) you have to withdraw to a wallet that you control the private keys of, or withdraw to some place like exchanges (although the same risks apply) which will give the new coins to you so you can sell them fast if you want.

Can you pls recommend some reliable exchanges

It appears that GDAX will be supporting the split, and GDAX is basically the exchange behind Coinbase.

Yes GDAX is good apart from GDAX, hitbtc is also supporting the fork they even have ongoing trade for b2x that can be another good option too. We need to wait for statement of other major exchanges regarding the fork.

xenxen

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if your wallet support hardfork just stay in there but if its not supporting hardfork just move to other wallet just support with hardfork to get free bitcoin gold or segwit2.. but if you not interested to have a bunos of bitcoin gold segwit2 nothing to worry just leave it there..

Virtual miner

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Quote from: investerS on November 05, 2017, 11:34:49 PM

Quote from: RGBKey on November 05, 2017, 11:30:47 PM

Unless the websites have explicitly stated they'll be distributing 2x coins, then you should withdraw them to your own wallet (one which you control the private keys to, such as Bitcoin Core or Electrum) before the fork block. This will allow you to split the coins yourself at a later date. Make sure you follow a guide when doing so.

I have been using blockchain ever since, will bitcoincore or electrum distribute coins? And are they reliable, just want to know bros.

These private key wallets wont distribute B2X on their own you need to claim them. Once the b2x platform wallet is ready you can log into the wallet with your blockhain private key. This way your B2X wallet will show balance of segwit2x equivalent to the number of bitcoins you held in the block when snapshot was taken for hardfork. If you want an automatic credit try some exchanges which support B2x
.

RGBKey

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Quote from: investerS on November 05, 2017, 11:51:40 PM

Quote from: pooya87 on November 05, 2017, 11:42:48 PM

Quote from: investerS on November 05, 2017, 11:29:06 PM

hey guys, i just want to know what to do with my bitcoins against the next fork coming Nov 16. I have some bitcoins with casino websites, should i move it out or leave it there? Thanks.

you should not even leave your coins on "websites" no matter what they are or how safe you think they are. you are leaving your money with a third party and that is risky on its own regardless of this upcoming fork.

as far as this fork is concerned the casino websites rarely bother crediting their users what they are owned if there is a new fork and new coins which means in case you want your new coins (bitcoin gold, segwit2x, any other future ones like silver!) you have to withdraw to a wallet that you control the private keys of, or withdraw to some place like exchanges (although the same risks apply) which will give the new coins to you so you can sell them fast if you want.

Can you pls recommend some reliable exchanges

It appears that GDAX will be supporting the split, and GDAX is basically the exchange behind Coinbase.

investerS

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Quote from: pooya87 on November 05, 2017, 11:42:48 PM

Quote from: investerS on November 05, 2017, 11:29:06 PM

hey guys, i just want to know what to do with my bitcoins against the next fork coming Nov 16. I have some bitcoins with casino websites, should i move it out or leave it there? Thanks.

you should not even leave your coins on "websites" no matter what they are or how safe you think they are. you are leaving your money with a third party and that is risky on its own regardless of this upcoming fork.

as far as this fork is concerned the casino websites rarely bother crediting their users what they are owned if there is a new fork and new coins which means in case you want your new coins (bitcoin gold, segwit2x, any other future ones like silver!) you have to withdraw to a wallet that you control the private keys of, or withdraw to some place like exchanges (although the same risks apply) which will give the new coins to you so you can sell them fast if you want.

Can you pls recommend some reliable exchanges

pooya87

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Quote from: investerS on November 05, 2017, 11:29:06 PM

hey guys, i just want to know what to do with my bitcoins against the next fork coming Nov 16. I have some bitcoins with casino websites, should i move it out or leave it there? Thanks.

you should not even leave your coins on "websites" no matter what they are or how safe you think they are. you are leaving your money with a third party and that is risky on its own regardless of this upcoming fork.

as far as this fork is concerned the casino websites rarely bother crediting their users what they are owned if there is a new fork and new coins which means in case you want your new coins (bitcoin gold, segwit2x, any other future ones like silver!) you have to withdraw to a wallet that you control the private keys of, or withdraw to some place like exchanges (although the same risks apply) which will give the new coins to you so you can sell them fast if you want.

imstillthebest

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Quote from: investerS on November 05, 2017, 11:29:06 PM

hey guys, i just want to know what to do with my bitcoins against the next fork coming Nov 16. I have some bitcoins with casino websites, should i move it out or leave it there? Thanks.

i suggest you should move it to a bitcoin wallet or online exchanges that supports the forked coins in order to get free forked coins equivalent to your bitcoin balance though , i think its just safe to leave it there if you dont want free coins but for sure they will be temporarily disabled the withdraw and deposit function the day or after the fork begins to avoid any unecessary errors and problems that might occur to your coins.

RGBKey

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rgbkey.github.io/pgp.txt

Quote from: investerS on November 05, 2017, 11:34:49 PM

Quote from: RGBKey on November 05, 2017, 11:30:47 PM

Unless the websites have explicitly stated they'll be distributing 2x coins, then you should withdraw them to your own wallet (one which you control the private keys to, such as Bitcoin Core or Electrum) before the fork block. This will allow you to split the coins yourself at a later date. Make sure you follow a guide when doing so.

I have been using blockchain ever since, will bitcoincore or electrum distribute coins? And are they reliable, just want to know bros.

I would recommend not using blockchain.info at all, they've proven to be a pretty terrible wallet at times. Bitcoin Core and Electrum won't distribute coins for you, you'll have to split them yourself. If you don't want to do that, you could consider storing them on one of the exchanges that has promised to do that. I'm afraid I can't think of any at the moment.

aezotxmb

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Here comes the next fork, and this is another chance. I think it's going to be the same as the previous ones. But your bitcoin is best placed in the stock exchange, that will automatically assign a fork to you.

investerS

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Quote from: RGBKey on November 05, 2017, 11:30:47 PM

Unless the websites have explicitly stated they'll be distributing 2x coins, then you should withdraw them to your own wallet (one which you control the private keys to, such as Bitcoin Core or Electrum) before the fork block. This will allow you to split the coins yourself at a later date. Make sure you follow a guide when doing so.

I have been using blockchain ever since, will bitcoincore or electrum distribute coins? And are they reliable, just want to know bros.

RGBKey

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Activity: 854

Merit: 658

rgbkey.github.io/pgp.txt

Unless the websites have explicitly stated they'll be distributing 2x coins, then you should withdraw them to your own wallet (one which you control the private keys to, such as Bitcoin Core or Electrum) before the fork block. This will allow you to split the coins yourself at a later date. Make sure you follow a guide when doing so.

investerS

full member

Activity: 229

Merit: 100

Money making legitimately

hey guys, i just want to know what to do with my bitcoins against the next fork coming Nov 16. I have some bitcoins with casino websites, should i move it out or leave it there? Thanks.

Topic: What should i do with my bitcoins against the next fork - page 2. (Read 620 times)