Topic: Where to trade on August 1 (Read 1770 times)
from now on i would save my current bitcoin into offline wallet as many people suggest and indeed some of major exchanges will disable withdraw and deposit for bitcoin from July 31 but it would not makes me panic now and after this day i do believe bitcoin would be fine because seems most people still have bitcoin although i do not know what happened with bitcoin after throughout this month but seems i would holding my bitcoin untill august 1 and don't have a plan to buy another altcoin as instead of bitcoin
The developers of some wallet advise the users to abstain from depositing and withdrawing coins during August 1.
This is to prevent some glitch during the correction.
So maybe in some exchanges they also advise to stop trading even with altcoin.
And its a good indicator that these devs have concerns to us for not to lose our coins.
And yeah better to have a take a break from this and go back after the drama ends.
This is to prevent some glitch during the correction.
So maybe in some exchanges they also advise to stop trading even with altcoin.
And its a good indicator that these devs have concerns to us for not to lose our coins.
And yeah better to have a take a break from this and go back after the drama ends.
in fact there is a big chance that they will freeze deposits and withdrawals for the mean time so now is your time to withdraw or deposit. but i think trading altcoin will be fine on
august 1 since it has nothing to do with bitcoin and if you read the guidelines there is no such thing that keeping an altcoin in an exchange is risky is discouraged to do.
then again its also better to just sit and wait until its over although its understandable that people want to take advantage if a dump occur on august first.
The developers of some wallet advise the users to abstain from depositing and withdrawing coins during August 1.
This is to prevent some glitch during the correction.
So maybe in some exchanges they also advise to stop trading even with altcoin.
And its a good indicator that these devs have concerns to us for not to lose our coins.
And yeah better to have a take a break from this and go back after the drama ends.
This is to prevent some glitch during the correction.
So maybe in some exchanges they also advise to stop trading even with altcoin.
And its a good indicator that these devs have concerns to us for not to lose our coins.
And yeah better to have a take a break from this and go back after the drama ends.
The best thing we can do for now is to let august 1 pass since we doesn't really know on what would be happen on august but we can also do wise buying of some alts right now since the price of each one of them seems pretty much cheap for this days rate. And if some of you are doubting for what will be happen on exchange on that time much better if you just withdraw your balance and trade there when everything will be ok.
No I am not planning to do that and risk my coins into making it into zero.
There might be glitches while the process is being done.
Better take the day off and just go back after all of this.
I guess that wont hurt much. I would rather spend my time with my family that moment
There might be glitches while the process is being done.
Better take the day off and just go back after all of this.
I guess that wont hurt much. I would rather spend my time with my family that moment
To be clear, I want to be able to exchange ETH for BTC on August 1st.
Gdax states no withdrawls or deposits, and potentially suspend trading. What about using shapeshift or polo to do exchanges? If there is a big delay is the rate at time of execution guaranteed? I am willing put a few coins in more than 1 exchange to increase my chances of success. I'm hoping for a dip in BTC and bump in ETH and then BTC settles at a higher value after a few days.
Gdax states no withdrawls or deposits, and potentially suspend trading. What about using shapeshift or polo to do exchanges? If there is a big delay is the rate at time of execution guaranteed? I am willing put a few coins in more than 1 exchange to increase my chances of success. I'm hoping for a dip in BTC and bump in ETH and then BTC settles at a higher value after a few days.
I do not know about Poloniex but most exchanges won't enable bitcoin transaction, I think you can buy bitcoin on exchanges but not to transfer it out of the exchanges. Here some list about exchanges statements https://news.bitcoin.com/how-exchanges-plan-to-deal-with-a-possible-august-1-fork/
But after read about Kraken statement, it seems we have to wait until hard forks are clear.
- Bitcoin (XBT) funding will be halted at 11 am UTC and resumed sometime after the fork when it is safe to do so
- Trading will continue across the fork, but we may need to halt trading briefly around the time of the fork so we can adjust balances and add pairs
http://blog.kraken.com/post/1150/bitcoin-cash-and-a-critical-alert-for-bitcoin-margin-traders/
I'm a hodler both BTC and ETH, but do want to take advantage of any panic that goes down on August 1st. Am thinking about putting a few ETH and BTC into Polo or Kraken to trade day of. Anyone else planning similar? Regardless what happens there is an opportunity. Personally I believe BTC will be fine and am only planning on playing with a relatively small amount on that day. I just havent figured out where or what to trade on that day.
Thoughts?
wellThoughts?
I would go for Bittrex since they do support already to the upcoming split (BCC) which they have already announced regarding such matter on upcoming august 1. They stated that if theres a split you would able to recieve 1:1 ratio which is BTC= BCC which means its really an opportunity to earn that coin some exchanges doesnt really support it like coinbase. They wont really support it which means they will not impose bcc on the site because they are against it.
though bittrex will give you 1:1 unless there is new news from bittrex they will not trade so if BCC starts at 400$ and freefalls there is nothing you can do but watch. better to find an exchange that supports 1:1 and trading as well
I'm a hodler both BTC and ETH, but do want to take advantage of any panic that goes down on August 1st. Am thinking about putting a few ETH and BTC into Polo or Kraken to trade day of. Anyone else planning similar? Regardless what happens there is an opportunity. Personally I believe BTC will be fine and am only planning on playing with a relatively small amount on that day. I just havent figured out where or what to trade on that day.
Thoughts?
I would go for Bittrex since they do support already to the upcoming split (BCC) which they have already announced regarding such matter on upcoming august 1. They stated that if theres a split you would able to recieve 1:1 ratio which is BTC= BCC which means its really an opportunity to earn that coin some exchanges doesnt really support it like coinbase. They wont really support it which means they will not impose bcc on the site because they are against it. Thoughts?
I'm a hodler both BTC and ETH, but do want to take advantage of any panic that goes down on August 1st. Am thinking about putting a few ETH and BTC into Polo or Kraken to trade day of. Anyone else planning similar? Regardless what happens there is an opportunity. Personally I believe BTC will be fine and am only planning on playing with a relatively small amount on that day. I just havent figured out where or what to trade on that day.
Thoughts?
Thoughts?
I currently use poloniex and have had no problems with it, but I've never used kraken so I can't say anything about it. I am probably not going to trade bitcoins at all on August 1 just to be safe. I may wait a couple of days to resume my trading.
Indeed. I don't also think that trading would be a good idea considering all these talks about aug 1. It won't hurt if you stay still for a day or two from trading. Or probably try to observe the market if the price would be advantageous to buy.
I'm a hodler both BTC and ETH, but do want to take advantage of any panic that goes down on August 1st. Am thinking about putting a few ETH and BTC into Polo or Kraken to trade day of. Anyone else planning similar? Regardless what happens there is an opportunity. Personally I believe BTC will be fine and am only planning on playing with a relatively small amount on that day. I just havent figured out where or what to trade on that day.
Thoughts?
Thoughts?
I currently use poloniex and have had no problems with it, but I've never used kraken so I can't say anything about it. I am probably not going to trade bitcoins at all on August 1 just to be safe. I may wait a couple of days to resume my trading.
Well I'm putting my funds on bittrex and will dump bcc for some of fresh btc and some of my favorite altcoins the first minute that I can.
this is what kraken emailed me today:
"We have posted an important announcement on our blog about the “Bitcoin Cash” (BCH) hard fork that will happen on August 1. Everyone should read the complete post, but here are a few highlights from the post:
Kraken plans to support BCH on our platform for funding and trading in the pairs BCH/XBT, BCH/USD, BCH/EUR
Clients holding Bitcoin (XBT) balances at the time of the fork will be credited with an equal amount of Bitcoin Cash (BCH) - e.g. 1 XBT will result in 1 XBT + 1 BCH
Clients borrowing Bitcoin (XBT) for margin positions at the time of the fork will be debited an equal amount of Bitcoin Cash (BCH) - e.g. if you borrow 1 XBT you must pay back 1 XBT + 1 BCH
Margin traders should read the blog post carefully to understand the added risk and how margin trading will work across the fork
The BCH fork is planned for 12:20 pm UTC on August 1
Bitcoin (XBT) funding will be halted at 11 am UTC and resumed sometime after the fork when it is safe to do so
Trading will continue across the fork, but we may need to halt trading briefly around the time of the fork so we can adjust balances and add pairs"
here is the link to the blog:
http://blog.kraken.com/post/1150/bitcoin-cash-and-a-critical-alert-for-bitcoin-margin-traders/
hope being helpfull
"We have posted an important announcement on our blog about the “Bitcoin Cash” (BCH) hard fork that will happen on August 1. Everyone should read the complete post, but here are a few highlights from the post:
Kraken plans to support BCH on our platform for funding and trading in the pairs BCH/XBT, BCH/USD, BCH/EUR
Clients holding Bitcoin (XBT) balances at the time of the fork will be credited with an equal amount of Bitcoin Cash (BCH) - e.g. 1 XBT will result in 1 XBT + 1 BCH
Clients borrowing Bitcoin (XBT) for margin positions at the time of the fork will be debited an equal amount of Bitcoin Cash (BCH) - e.g. if you borrow 1 XBT you must pay back 1 XBT + 1 BCH
Margin traders should read the blog post carefully to understand the added risk and how margin trading will work across the fork
The BCH fork is planned for 12:20 pm UTC on August 1
Bitcoin (XBT) funding will be halted at 11 am UTC and resumed sometime after the fork when it is safe to do so
Trading will continue across the fork, but we may need to halt trading briefly around the time of the fork so we can adjust balances and add pairs"
here is the link to the blog:
http://blog.kraken.com/post/1150/bitcoin-cash-and-a-critical-alert-for-bitcoin-margin-traders/
hope being helpfull
put your coins to cold wallet and don't trade 2-3 days.
go holiday, you won't die if you don't trade 2 days.
go holiday, you won't die if you don't trade 2 days.
Maybe it's a good idea to go on holiday a few days when the fork invades
segwit will continue and bitcoin cash is just like a big airdrop on bitcoin holders
So will this continue and how long will this segwit end?I thought this only lasted a few days,this takes time
put your coins to cold wallet and don't trade 2-3 days.
go holiday, you won't die if you don't trade 2 days.
go holiday, you won't die if you don't trade 2 days.
Maybe it's a good idea to go on holiday a few days when the fork invades
segwit will continue and bitcoin cash is just like a big airdrop on bitcoin holders
So will this continue and how long will this segwit end?I thought this only lasted a few days,this takes timeVirtually all major exchange sites will suspend activities few hours before and after the August 1 implementation. While others will start early, others will wait till the market stabilizes. But my advice is that anyone who is eager to make jumbo profit in this event should be careful not to lose your coins to sites that promises to be active during this periods but not trustworthy as the former. For me, I would rather wait for worthy exchange sites and to gamble the hard earned coins.
Exchanges suspending their trading activities temporarily are doing the right thing, which basically gives people no incentive to keep any sort of Bitcoin value on whatever exchange. Exchanges that at first glance aren't planning to halt trading, might be reversing trades at some later point. In that regard, people should carefully think through everything before they put their coins at risk due to their greed. Aside from the greed people are dealing with, they also suffer from laziness. They rather leave their coins in an online wallet service, for the sake of easiness, than downloading a desktop client where they as sole owner have access to their private keys. But as always, people only learn at the time things cost them big time.
Only one exchange: BITTREX. BITTREX do support the segwit and provides the comfortable situation for the customers and they have also claimed that all of their customers are allowed to hold bitcoin and bcc after first of august
Ok, but will be BCC trade open or just deposit?
put your coins to cold wallet and don't trade 2-3 days.
go holiday, you won't die if you don't trade 2 days.
Hold it is the best way to do since when August 1 the hardfork is running and you may not be able to withdraw or deposit your Bitcoin to other address to avoid unwanted thing might be happen and we don't know about altcoin's price when August 1, look at them first and then think about it. go holiday, you won't die if you don't trade 2 days.
Virtually all major exchange sites will suspend activities few hours before and after the August 1 implementation. While others will start early, others will wait till the market stabilizes. But my advice is that anyone who is eager to make jumbo profit in this event should be careful not to lose your coins to sites that promises to be active during this periods but not trustworthy as the former. For me, I would rather wait for worthy exchange sites and to gamble the hard earned coins.
To be clear, I want to be able to exchange ETH for BTC on August 1st.
Gdax states no withdrawls or deposits, and potentially suspend trading. What about using shapeshift or polo to do exchanges? If there is a big delay is the rate at time of execution guaranteed? I am willing put a few coins in more than 1 exchange to increase my chances of success. I'm hoping for a dip in BTC and bump in ETH and then BTC settles at a higher value after a few days.
Gdax states no withdrawls or deposits, and potentially suspend trading. What about using shapeshift or polo to do exchanges? If there is a big delay is the rate at time of execution guaranteed? I am willing put a few coins in more than 1 exchange to increase my chances of success. I'm hoping for a dip in BTC and bump in ETH and then BTC settles at a higher value after a few days.
There has been many dips in the last week, up/down by several hundred $$. There has been some good opportunity to buy cheap imo already.
Unfortunately I think there is any market that will trade btc on August 1st. Have you thought about setting some orders before this date in which you predict what will happen to the value when the markets open? (need lots of luck there)
Personally I will lock up all of my btc & alts for the first week of August and forget about trading, although I admit it will be very tempting to the opposite.
Yes I want to put in some limit orders now, but not sure which platform will be working. Most say they will shutdown withdrawal and deposit, but not sure about trades or exchanges. Ideally I'd do it with a USD wallet and pick up some BTC, but will also enter some orders on other Alts.
You should stop trading temporarily, maybe a few days to see the situation. Many traders do the same.
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