Where are you all holding your Bitcoin for the fork? - page 4.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Quote from: thecodebear on November 05, 2017, 04:16:30 PM

I had been moving mine to a wallet for the fork. But then I'd have to deal with how wallets are going to recognize the forked coins and have to worry about figuring out how to split the coins and whatnot. Saw Coinbase said they are planning to have the B2X coins available 24 hours after the fork, so now I'm just holding all my coins on Coinbase for the fork as that just seems like the easiest solution. Once the dust has settled and the danger has passed and we know which chain is the main chain I'll sell the minority chain and throw all my Bitcoin in a paper wallet.

How about you guys? Coinbase? Exchanges? Wallet?

For holding Bitcoin, there are two main options - doing it by yourself via software or hardware wallet, or keeping it on some online wallet - blockchain.info, exchange or some other service. The first options provides the best safety - as long as you hold private keys you will own coins on both chains and no one will able to force you to use only one of them. The second option is risky, because your funds may be lost due to some network disruptions, wallet provider might decide to support only one chain or just get hacked like it sometimes happen. But there are a few benefits to it - if it was stated before, they will split your coins for you so you won't have to use segwit2x software, and if it's an exchange, you might be able to sell your B2X coins earlier than others.

PrimeBlackBelt

newbie

Activity: 32

Merit: 0

I'm holding all of mine in Freebitco.in. I'm honestly too lazy to do anything else.

shafi alam

full member

Activity: 630

Merit: 100

When bitcoin gold was released i saved my bitcoin in exchange. i didn't know that if i have some btc i will Receive bitcoingold. I have some btc i got little amount of bitcoin gold.

EcoChavCrypto

sr. member

Activity: 448

Merit: 250

Coinbase is going to support this coin and you are going to receive those free coins if you are going to hold them on their wallet, this is one of the most safest ones and i think that i will move my bitcoins to there in order to receive them fast, and without any issues.
i would suggest you to ad a 2fa autenthicator, you would never know if you are going to be hacked by someone, or if you lost your password, so enable it and them move your coins.

thecodebear

hero member

Activity: 2240

Merit: 848

Quote from: Iranus on November 05, 2017, 04:41:22 PM

I saw an email from Coinbase a while ago claiming that they would regard the original chain to be "BTC". But other statements from them imply that they will let hashrate decide or do a variety of other unnecessary things.

Considering the experiences that most people also have with their customer support, I wouldn't want to be holding my coins in Coinbase if something goes wrong.

Personally, I'm going to keep holding coins in my TREZOR and see how it pans out of the next couple of months.

Replay attacks aren't a concern for me because I don't spend coins all that often and I'm prepared to wait for a while until a solution is found. I also read through this article which gave me a fairly reasonable explanation of what I would have to do if I had no easier choices, so I'm feeling safest this way.

Well what they call it isn't my concern. Just access to both coins is all I'm concerned about. And they will provide that 24 hours after the fork.

Only reason I want access to the coins easily and quickly is so that when the dust settles I can sell the minority chain to get more bitcoin (majority chain).

Masterio

newbie

Activity: 42

Merit: 0

I'm holding mine at Bittrex, last time it worked fine for me

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

I saw an email from Coinbase a while ago claiming that they would regard the original chain to be "BTC". But other statements from them imply that they will let hashrate decide or do a variety of other unnecessary things.

Considering the experiences that most people also have with their customer support, I wouldn't want to be holding my coins in Coinbase if something goes wrong.

Personally, I'm going to keep holding coins in my TREZOR and see how it pans out of the next couple of months.

Replay attacks aren't a concern for me because I don't spend coins all that often and I'm prepared to wait for a while until a solution is found. I also read through this article which gave me a fairly reasonable explanation of what I would have to do if I had no easier choices, so I'm feeling safest this way.

thecodebear

hero member

Activity: 2240

Merit: 848

I had been moving mine to a wallet for the fork. But then I'd have to deal with how wallets are going to recognize the forked coins and have to worry about figuring out how to split the coins and whatnot. Saw Coinbase said they are planning to have the B2X coins available 24 hours after the fork, so now I'm just holding all my coins on Coinbase for the fork as that just seems like the easiest solution. Once the dust has settled and the danger has passed and we know which chain is the main chain I'll sell the minority chain and throw all my Bitcoin in a paper wallet.

How about you guys? Coinbase? Exchanges? Wallet?

Topic: Where are you all holding your Bitcoin for the fork? - page 4. (Read 1328 times)