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Title: Are you going to keep your BTC on exchange during the upcoming forks? Post by: hatshepsut93 on October 14, 2017, 11:03:27 AM The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin.
So, I'm curious to ask traders two things: 1. Did you hold your BTC on exchange on August 1st? 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: dothebeats on October 14, 2017, 01:07:42 PM The previous fork, I only received a portion of what I'm supposed to get, and that's because I kept my coins on an exchange that doesn't fully support the split during that time. A month later, they decided to give their users their share of the split during that day's conversion rate. It was unfair, but at least they have given something to their customers. I'm not making the same mistake again and I'll keep my own coins in my own wallet to take advantage of the upcoming split.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: mk4 on October 14, 2017, 01:11:29 PM 1. Did you hold your BTC on exchange on August 1st?
Nope. Because leaving funds on exchanges are really unsafe. Also, whether or not there's an upcoming fork or not, it's always best to leave your funds on your own wallet. 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? Nope. Why? Same answer as my first answer. Also, it takes time for exchanges to give you access to your forked coins. Sometimes they don't even give you access, depending on the exchange. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: DaMut on October 14, 2017, 02:25:51 PM actually it's all depend on the trader themself,
what they want to choose,hold it by themself or store it in there. we should know a fact what will happen if you are storing your coin on exchanger. 1.You do not own your private keys,it's needed to get an access to your clone coin after the split 2.Even if they support it,they will delay it due to some reason. when the trade is live,they will 'hostage' your clone for sometime until the price is 'stabilize' aka 'down'. (it it's for them who's supporting it). 3.You will get nothing if they did not support it. the wisest way that we need to do is store it and keep it by ourself, because nobody will keep your money without any benefit for themself. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Kemarit on October 14, 2017, 02:57:35 PM The previous fork, I only received a portion of what I'm supposed to get, and that's because I kept my coins on an exchange that doesn't fully support the split during that time. A month later, they decided to give their users their share of the split during that day's conversion rate. It was unfair, but at least they have given something to their customers. I'm not making the same mistake again and I'll keep my own coins in my own wallet to take advantage of the upcoming split. Exactly. Because its not clear in the beginning if the exchanges are going to support Bitcoin Cash then. So just like everybody else, I store my coins to a wallet that I have total control of my private keys. Last time I checked, they are going to support Bitcoin Gold so its gonna be free coins for me. However, I'm still contemplating on storing my coins to take advantage of the upcoming split. Still few days to go before I make my decision, so let's see. The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin. It was not clear though during the Aug 1 split and there was a lot of confusion and chaos and the aftermath shows a lot of people gets angry for not getting free coins. And the fear that you are going to lose your bitcoin if you put it all everything in a exchange. But the Oct. 25 is clearer now. Are you going to make the same mistakes again? Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: susila_bai on October 14, 2017, 03:02:13 PM During last hardfork August 1st i kept small portion of bitcoin in yobit and other wallet and main bitcoin balance was in desktop wallet, as soon as the hardfork happened i immediately received BCC/BCH coins in exchange like yobit and was able to sell them on high rate but i was not able to claim my hardfork coins for bitcoins kept in desktop wallet due to risk of getting the wallet hacked and have to create new wallet and i dont want to take risk. So this time i am thinking of transferring all my bitcoins to yobit wallet and as soon as hardfork happen i will withdraw it and just sell the hardfork coins at high rate.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Gozie51 on October 14, 2017, 03:47:44 PM The previous fork, I only received a portion of what I'm supposed to get, and that's because I kept my coins on an exchange that doesn't fully support the split during that time. A month later, they decided to give their users their share of the split during that day's conversion rate. It was unfair, but at least they have given something to their customers. I'm not making the same mistake again and I'll keep my own coins in my own wallet to take advantage of the upcoming split. More like once "beaten twice shy ". Your response have taught me something. I have to follow in the holding too because I do desire to get some of that benefit but don't know how the advantage will be, is it going to be like percentage or something.... Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: amaral1977 on October 14, 2017, 04:11:04 PM The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin. So, I'm curious to ask traders two things: 1. Did you hold your BTC on exchange on August 1st? 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? I have some BTC on my own wallet, but also a small trading stash on various exchanges. What i did was keep it in exchanges that previously stated that they would credit the forked tokens as well in case of BTC cash. They actually did and all wen´t well. So my trading stash will be kept on exchanges while im tradind despite forks or no forks. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: omonuyak on October 14, 2017, 05:21:49 PM I could have taken advantage of the split's coin in august this year but because of the little knowledge about how things work I miss during that time. However this time around I am going to keep all my coins in three exchangers platforms that I trust in other to take advantage of the hardfork and splitting coin. I have find out that no exchangers has run away with any body coins during splitting since inception and I am ready to stay with that.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: pawanjain on October 14, 2017, 05:34:33 PM The simplest answer would be if the Exchange supports the coin then it won't be any problem to deposit the coins on it to receive the free coins.
Yes I did stored my coins on Bittrex while the August 1st fork happened and I did receive the BCH but at that time bittrex had already announced that it will be supporting the fork. But there has been no announcement made yet from Bittrex whereas Yobit has said that they will be supporting the fork. Really a tough decision as what to do. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: palle11 on October 14, 2017, 09:35:44 PM I don't have much to transfer to exchange, so I guess whatever I have will be on my wallet and I think it is even better for me that way to avoid any misses.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: TwoSigm4 on October 14, 2017, 09:58:45 PM Not sure,
Altcoins are falling and it seems the best time to buy, I am also considering the forking, I ll check this forum, I am just newbie and bery curios to know which better. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: BitHodler on October 14, 2017, 10:29:05 PM It depends. If we look at Bittrex, they enabled BCC trading very soon after BCC became a completely separately operating altcoin, where people had the chance to cash out at insane levels.
I expect the same to happen where initially the price jumps up to unreasonably high levels, where after deposits become available, the coin will literally plummet as a rock to the bottom, which is understandable. I think I will have like 2 or 3BTC on exchange to hopefully benefit from the extreme shortage of Bitcoin Gold coins due to deposits not being available yet ~ I fully understand and accept all involved risks. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Bridg3Wat3r on October 14, 2017, 11:34:20 PM I would keep my Bitcoin,
Some trading platform would support it, So I sent it there. No messy. Just sit down waiting foor it, Later I can buy very very cheap coin Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Danos on October 14, 2017, 11:52:48 PM Cold storage for sure
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: hatshepsut93 on October 15, 2017, 09:07:31 AM Exactly. Because its not clear in the beginning if the exchanges are going to support Bitcoin Cash then. So just like everybody else, I store my coins to a wallet that I have total control of my private keys. Last time I checked, they are going to support Bitcoin Gold so its gonna be free coins for me. However, I'm still contemplating on storing my coins to take advantage of the upcoming split. Still few days to go before I make my decision, so let's see. All or almost all exchanges made their statements regarding BCH many days before Auguest 1st, so there was plenty of time to prepare. The advantage of storing your coins on exchange was not clear before the august 1st and many people viewed it as unnecessary risk. But forks can be different from each other and it is also unclear now whether it's a good idea to store your coins on exchange during SegWit2x fork - this is why I created this thread, so traders can share their opinions. It was not clear though during the Aug 1 split and there was a lot of confusion and chaos and the aftermath shows a lot of people gets angry for not getting free coins. And the fear that you are going to lose your bitcoin if you put it all everything in a exchange. But the Oct. 25 is clearer now. Are you going to make the same mistakes again? People were angry not because they didn't get free coins, but because they were unable to sell their free coins on closed market when the price was pumped just as soon as the trading started. Specifically, the price reached as high as 0.25 BTC or even more (I don't remember exactly), but when deposits were opened, the price crashed to 0.07-0.09. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: 1Referee on October 15, 2017, 02:34:25 PM I will in this case (referring to the split of this month). Current market is bouncing up and down a lot, which for a trader is a welcome happening. I am however not sure what I am going to do at the time the hard fork in November will kick in. Sure, there will be a whole lot of volatility due to the uncertainties, but the overall security/safety of my coins has the highest possible priority. Segwit2x, if the hard fork indeed turns out to happen, then it won't be the same as Bitcoin Cash and Bitcoin Gold at all - this will have far more potentially negative consequences than most of the people here realize.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: arpon11 on October 15, 2017, 03:52:16 PM The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin. During the last August hard fork, I transferred most of my coins from exchangers and keep them in my wallet. But the few I left in exchangers really appreciate and I regret ever transfer my coins then. This time around I am going to live my coins in exchangers and even transfer more from my wallet to exchangers platforms. I see that the exchangers reward all their customers who lives they coins in exchangers with free coins. I believe that during the split bitcoin will be pump because of this free coins and I will like to take advantage of it. So, I'm curious to ask traders two things: 1. Did you hold your BTC on exchange on August 1st? 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: malikusama on October 16, 2017, 04:57:35 AM The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin. It is a quite bad idea to hold your funds on exchnages whether there is a fork or not, exchanges are not safe at all.So, I'm curious to ask traders two things: 1. Did you hold your BTC on exchange on August 1st? 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? No i didn't hold my BTC on the last fork because it was not safe, although many of the exchanges were offering BCC with BTC on the last fork. The upcomig Bitcoin Gold fork is weak and don't have any well support as like BCC, so it seems that there isn't any benefit of holding your funds on exchnages. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: h0lybyte on October 16, 2017, 05:51:40 AM It is really unsafe to hold your bitcoins at exchanges because sometimes you are beneath their consideration of distribution.
They don't give you early access to avail forked currency. You can simply choose a safet online wallet which has previous good record on bitcoin cash fork. At the time of bitcoin cash fork, i used xapo wallet, still holding some more for next fork. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Cactushrt on October 16, 2017, 06:46:40 AM It's better to store your bitcoin which you hold your own private key better to safe than sorry. On last fork i withdraw some of my btc and luckily bittrex support bch
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: patrickj on October 16, 2017, 08:00:58 AM Last forks, I did not hold my bitcoin because I do not have one because I withdraw all my money. But since I have in some exchanges I will rather because I bought some token and waiting to make profit from it. Whatever happens to forks I won't act to sell my bitcoin because I knew it will not be easily gone. Besides, it is so little portion of my money been there.
I have some question, the one that I have in the exchanges is not bitcoin but altcoins. Will it be included in the said fork or it is only intended for bitcoin? Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: SMSabuj on October 16, 2017, 08:56:42 AM Yes, I want to keep my Bitcoin on the exchange during the upcoming hardfork. At the previous hardfork I kept my Bitcoin in Bittrex. Bittrex support harfork. And it gave me BCC into my Bittrex wallet.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: tranle789 on October 16, 2017, 09:24:32 AM Yes, I want to keep my Bitcoin on the exchange during the upcoming hardfork. At the previous hardfork I kept my Bitcoin in Bittrex. Bittrex support harfork. And it gave me BCC into my Bittrex wallet. I agree with you . Bittrex is the best exchange I know because this exchange is easier to use than other exchanges and is my main wallet every time my trade. I think the next Hardfork event Bittrex will give everyone BTGTitle: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Bagaji on October 16, 2017, 09:28:49 AM The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin. To be on a safer side I will do what i did during the last Fork in August. I left 30 percent of my Bitcoin in my account with poloniex exchange despite the warning that it is risky to leave your Bitcoin with an exchange or save in an online wallet, and at the end I was comperciated.So, I'm curious to ask traders two things: 1. Did you hold your BTC on exchange on August 1st? 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: rodskee on October 16, 2017, 09:41:27 AM its depend but for the safety of my bitcoin i will keep it in the electrum wallet anything can happen about the hard fork my bitcoin investment are in the safe, people learn about the fast problems of bitcoin many trials for bitcoin still in strong stability.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: tamawaelah on October 16, 2017, 09:55:15 AM The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin. So, I'm curious to ask traders two things: 1. Did you hold your BTC on exchange on August 1st? 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? ayay sir, keep hold on exchange. because 0conf is hurt when try to transfer balance :-\ Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: fedoralite on October 16, 2017, 10:00:25 AM If the exchange is transparent on the happenings regarding the fork then why not? But i would extremely recommend to keep your btc on wallet who have private keys so that we will be safe and can able to get the bitcoin gold without any hassle. And this one should really needed to do by the people so that they will not get any bad aches for doing some lazy acts during the fork.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: cryptoalfs76 on October 16, 2017, 11:14:02 AM The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin. So, I'm curious to ask traders two things: 1. Did you hold your BTC on exchange on August 1st? 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? I thinks hoarding my bitcoins in this upcoming forks is the best way,because we do not know what would happen in exchange except the transaction are in transparent ways. To prevent in application new technology of segWit all we can do is be patience and wait the time that things back to normal. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: joinfree on October 16, 2017, 03:08:37 PM Bittrex and Poloniex are going to support bitcoingold after the fork, and they are going to distribute them with the users, it means that you are going to receive the equivalent of your bitcoins in btg, it is nice because i remember that in the last fork Poloniex took more than two weeks to receive the bitcoincash.
But of course not, i will hold my bitcoins in my offline wallet, because i am going to receive them in there too. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: hubballi on October 16, 2017, 03:13:17 PM The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin. So, I'm curious to ask traders two things: 1. Did you hold your BTC on exchange on August 1st? 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? Ya i had hold my BTC on exchange on August 1st, that is why i was able to sell my BCC coins on high rate before everyone got it. And i am going to do it this hardfork time also as my exchange yobit is supporting it, Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Bluebutterfly on October 16, 2017, 03:26:18 PM It's not a good idea to hold all of your funds on an exchange, that's too risky. you should only keep what you want to trade with. and hold the rest in a safe wallet.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: nidacoinlove on October 16, 2017, 03:33:30 PM The previous fork, I only received a portion of what I'm supposed to get, and that's because I kept my coins on an exchange that doesn't fully support the split during that time. A month later, they decided to give their users their share of the split during that day's conversion rate. It was unfair, but at least they have given something to their customers. I'm not making the same mistake again and I'll keep my own coins in my own wallet to take advantage of the upcoming split. Almost everyone has received some share of the bitcoin cash as a result of the previous segwit2X. But it is still way risky to keep your coin on an online wallet. I suggest everyone to not to put your coins in any kind of risky situation. As even if you get some reward is it very much little as compared to the ratio of the risk which is quite high. I am not going to put my bitcoin in any online wallet.Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: cruso on October 16, 2017, 03:34:51 PM Nope, I will be holding my bitcoins. I don't trust exchanges anyways, look at bittrex now, polo with daily complaints, who next. With the upcoming 'airdrop" , it is best to hold me coins.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Vovanis on October 16, 2017, 03:37:11 PM No I don't think so...)
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Singwala on October 16, 2017, 03:37:41 PM This is possible because I have received my free BCC exchangers bitcoins during 1st fork and will do it again but with Coinomi's Coin apps because they are faster and fair they will be giving our free BCC on first Forking. But we still do not really 100% sure things happen so it's more bitter that you keep your bitcoins on a secure wallet that you are able to hold your private keys so that's not a problem when it's Hard fork are implemented
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Pamadar on October 16, 2017, 03:38:34 PM The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin. So, I'm curious to ask traders two things: 1. Did you hold your BTC on exchange on August 1st? 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? Ya i had hold my BTC on exchange on August 1st, that is why i was able to sell my BCC coins on high rate before everyone got it. And i am going to do it this hardfork time also as my exchange yobit is supporting it, after so many complain about that platform but its your own decision and you made it from the first one with bcc so good luck to you I will also try some btc inside trex if they will announce to fully supporting the fork. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: haroldtee on October 16, 2017, 03:53:30 PM Yes, I want to keep my Bitcoin on the exchange during the upcoming hardfork. At the previous hardfork I kept my Bitcoin in Bittrex. Bittrex support harfork. And it gave me BCC into my Bittrex wallet. It is funny seeing the number of people who are willing to leave their funds on exchanges. Sure, things really went pretty well the last time and I am not surprised people can really change their mind or try to gamble the safety of their asset based on that. However, it is always better to play safe and at least not to put everything you have in an exchange hoping for the same thing. It is hope and a high risk that would pay but at thesame time be a crazy loss if things should go wrong. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: btcdevil on October 16, 2017, 03:57:27 PM Last hardfork i was not able to claim due to i am in signature campaign and i dont want to change my receiving wallet address. I have withdrawn all my btc to my desktop wallet but due to wallet conversion problem i did not claimed BCC till now. But this time i am thinking of keeping some bitcoins in exchange which is supporting Bitcoin gold hardfork so that i can get some free coins and enjoy the free bitcoins.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: buwaytress on October 16, 2017, 04:04:27 PM The advice should stay the same, as the point is really the same, control your funds or risk them by trusting a service. In my case, most of my risked Bitcoins were already held at a site which committed to provide an equal amount of BCC/H. I was unlikely to have withdrawn them anyway had they not made their commitment. These were coins I'd already risked by trusting that service, since the benefits I gained required that trust.
A very small portion was left at an exchange that actually distributed BCC/H on the day of the fork. I liquidated all of it immediately and was able to take advantage of a price close to ATH. The same principle here. I'd already risked my BTC there for trades. Now the coins I consider my savings/holdings, these are always in my own wallet. I guess what I'm trying to say is, fork or no fork, the principle is always, trust no one but yourself with your coins. If you have to use a service, that's always going to involve you trusting them. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Mpamaegbu on October 16, 2017, 04:04:58 PM More like once "beaten twice shy ". Your response have taught me something. I have to follow in the holding too because I do desire to get some of that benefit but don't know how the advantage will be, is it going to be like percentage or something.... Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Zadicar on October 16, 2017, 04:08:01 PM The previous fork, I only received a portion of what I'm supposed to get, and that's because I kept my coins on an exchange that doesn't fully support the split during that time. A month later, they decided to give their users their share of the split during that day's conversion rate. It was unfair, but at least they have given something to their customers. I'm not making the same mistake again and I'll keep my own coins in my own wallet to take advantage of the upcoming split. We do have the same experience which i do only get the partition which is based on the current rate which isnt being based on those fork event rates and yet they do give 3 months later which i do say its already long.That was really a lesson learned for us which i didnt tend to make the same mistake again specially on this upcoming fork.I would rather store up my coins on Electrum which i can somehow guarantee to recieve exact numbers of BTG.Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: kevoh on October 16, 2017, 04:10:40 PM So, I'm curious to ask traders two things: 1. Did you hold your BTC on exchange on August 1st? 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? 1. I moved my BTC to a cold storage wallet and I do not regret the choice and moved on immediately. 2. Right now I am in an exchange and will be hodling till after the said dates. if there's a negative outcome of my choice, I doubt if I would whine about it. In conclusion, people should ensure their BTC are in a trusted exchange. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Sewarlock on October 17, 2017, 09:46:30 AM I'd recommend not to keep your BTC on an exchange during the fork. There have been many modifications and as suggested by a lot, it's better to make sure that your wallet provider supports the new enhancements and changes to the fork. Check with them if they will issue BTC gold and have your stacks stored based on that. You can send your BTC after to any exchange and start trading again, but remember what happened with the previous fork.. it was mayhem during the first days and weeks but suprisingly Bitcoin Cash is still alive, who knows for how long though.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Bluebutterfly on October 17, 2017, 09:50:43 AM you can keep your BTC on your wallet and ask for BCG when the fork is done.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: lady Royal on October 17, 2017, 09:52:57 AM I really don't care that much, I will keep my coins. Yes, I will withdraw all my coins if I see that price is going down because I don't want any loss. However, I guess the price will go up more after the fork what are you guys predicting?
Also, I am going to hold my Bitcoin in my wallet not in an exchange or anywhere, Maybe I will upload all the coins in offline wallet. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: yrreg ger on October 17, 2017, 12:27:30 PM I'd recommend not to keep your BTC on an exchange during the fork. There have been many modifications and as suggested by a lot, it's better to make sure that your wallet provider supports the new enhancements and changes to the fork. Check with them if they will issue BTC gold and have your stacks stored based on that. You can send your BTC after to any exchange and start trading again, but remember what happened with the previous fork.. it was mayhem during the first days and weeks but suprisingly Bitcoin Cash is still alive, who knows for how long though. Yes it is not recommended to keep your bitcoins or any of your tokens in the exchanges when there is a fork happening. The chance that your coins will be affected and will be lost is high if that exchanges made any changes or modifications. It is highly recommended to take out your coins in exchanges and then keep it into safer wallets if you don't want your hard work to go to waste. For me, I will hold my bitcoins in my wallet even if there will be a hard fork coming. I know that bitcoin will surpass this again and I believe that its price will skyrocket again. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: n691309 on October 17, 2017, 04:57:03 PM The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin. I am not making a mistake like that. Although some exchanges like bittrex did a pretty good job and quickly gave their users the other side of the chain to decide what to do with it while some waited for so long until the price has finally bounced almost to the grave before doing so.So, I'm curious to ask traders two things: 1. Did you hold your BTC on exchange on August 1st? 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? It is best I put my funds in any wallet where I have my private keys and after the fork, once the coast is settled, I do the needful and move my things. However, just a little will be in bittrex for exchange purposes but nothing more than I can afford to lose in case something goes wrong. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: hisuka on October 17, 2017, 05:09:34 PM I really don't care that much, I will keep my coins. Yes, I will withdraw all my coins if I see that price is going down because I don't want any loss. However, I guess the price will go up more after the fork what are you guys predicting? I do not save bitoin in the exchange as this has the high risks of getting loss all your funds in the exchange. I still prefer holding or I keep btc in other wallet wereas I can save all my hard earn btc in a wallet.Also, I am going to hold my Bitcoin in my wallet not in an exchange or anywhere, Maybe I will upload all the coins in offline wallet. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: KingdomHearts on October 17, 2017, 06:11:56 PM During last hardfork August 1st i kept small portion of bitcoin in yobit and other wallet and main bitcoin balance was in desktop wallet, as soon as the hardfork happened i immediately received BCC/BCH coins in exchange like yobit and was able to sell them on high rate but i was not able to claim my hardfork coins for bitcoins kept in desktop wallet due to risk of getting the wallet hacked and have to create new wallet and i dont want to take risk. So this time i am thinking of transferring all my bitcoins to yobit wallet and as soon as hardfork happen i will withdraw it and just sell the hardfork coins at high rate. That would be a pretty big mistake though but the choice is yours and I hope you will be able to own up to it if anything goes wrong. I am not saying these exchanges are not trying to stay on top of their game, but you have no control of your funds and what if something goes wrong ? Are you really willing to give it up for not being able to exchange at a better price ?I will advise if you want to capitalize on that, you can move some small part to yobit and then leave some in your wallet, in that way you divide the risk. However, the choice is yours, so I cannot make decisions for you, just a suggestion to a folk. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: wuvdoll on October 17, 2017, 06:13:14 PM No.This time I am not going to do it.but previous hardfork I kept my coin into bittrex and cryptopia and both of the exchange platform support harfork and give me BCC into my wallet. I can see exchanges has really done a good job on people's mentality of leaving their funds in exchanges during a fork due to the last one that occurred. Sure, no one wants to miss out on having the forked chain quickly so as to dump it as far as possible but it is too much risk and a gamblish decision to make.What if things ended up not going on as expected. I am not trying to be pessimistic here but just being realistic. However, it is all good and I hope the exchanges don't end up rendering people crazy this time around. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: tobs on October 17, 2017, 06:24:52 PM Actually, last time during the 1st August fork, I've got some small part of bitcoin left on the exchanges and actually I really enjoyed the way they did it, as they have autmatically splited my coins and I was able to sell the fork ones immiediately, without having to worry about new wallets or slow transaction times. However, I wouldn't risk with holding any significant amount as it's always better to control your wallet the funds, but I don't complain about execution of the last fork.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: lady Royal on October 18, 2017, 05:14:59 AM I really don't care that much, I will keep my coins. Yes, I will withdraw all my coins if I see that price is going down because I don't want any loss. However, I guess the price will go up more after the fork what are you guys predicting? I do not save bitoin in the exchange as this has the high risks of getting loss all your funds in the exchange. I still prefer holding or I keep btc in other wallet wereas I can save all my hard earn btc in a wallet.Also, I am going to hold my Bitcoin in my wallet not in an exchange or anywhere, Maybe I will upload all the coins in offline wallet. Can you explain how we can lose all of your Bitcoins saved in exchange lost during the hard fork? However, I have withdrew all my coins to offline wallet they are saved now? Or should I exchange them in local currency, What kind of risk we are having? Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: jaocoincrypto18 on October 18, 2017, 05:31:22 AM The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin. So, I'm curious to ask traders two things: 1. Did you hold your BTC on exchange on August 1st? 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? Yes i will hold it to our local exchange because it is better to have no investment but my coins are safe than continue to expect gaining investment but our coins is at high risk. Our local wallet are guaranteed safe and can be trusted specially after the Aug 1 fork therefore still i will do tha same in order for my bitcoins is 100% safe then i will trade it after segwit2X if everything is safe. Better be safe than regreting of losing our bitcoin forever. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: jayroc on October 18, 2017, 06:15:16 AM Don't trust any exchange EVER! They can cut off access to your funds anytime.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Monnt on October 18, 2017, 03:20:55 PM Actually, last time during the 1st August fork, I've got some small part of bitcoin left on the exchanges and actually I really enjoyed the way they did it, as they have autmatically splited my coins and I was able to sell the fork ones immiediately, without having to worry about new wallets or slow transaction times. However, I wouldn't risk with holding any significant amount as it's always better to control your wallet the funds, but I don't complain about execution of the last fork. If everything can work pretty fine as it happened last time during the BCC fork, it will obviously be a seamless ride but it is just too risky. I could gamble some exchanges like bittrex but not all exchanges and it is even always better to know their level of support for the forked chain before going ahead.Hopefully, they do the needful again this time around at least it won't cause people having to use their private keys all by themselves before some newbies end up getting themselves screwed. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: btc-facebook on October 18, 2017, 03:26:10 PM I'm usually keep it on local exchanger since I've trust them over 2 years and everything still fine until now
Of course I'm not keep them all at one place, I've also my own electrum wallet in order to prevent something bad happen Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: naidray on October 19, 2017, 12:33:55 PM you can keep your BTC on your wallet and ask for BCG when the fork is done. You cannot just keep your funds in any wallet and hope to just ask for BTC and get it. If it works that way no one will be asking. If you want to keep it in a decentralized wallet, make sure you know how to handle private keys without you fumbling and losing all your assets and if you are using a centralized wallet or an exchange, it is best you find out if they will be supporting the forked chain or not, otherwise you will get nothing if they aren't.Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: alan2here on October 19, 2017, 12:44:34 PM I always keep my BTC on the Bittrex or Poloniex exchanges because they always support the user very well and in August I got the BCH from this exchange and in the near future they will definitely support the BTG.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: kevpantof on October 19, 2017, 03:23:45 PM I'm usually keep it on local exchanger since I've trust them over 2 years and everything still fine until now I always leave my Bitcoin in one trusted exchanger wallet. During August 1 (Bitcoin Cash) fork, I wanted to withdraw all the money I invested in there, but before I could do it, it was already late, so I left it there. After the fork it was safe and nothing happened to it. But this time, I withdrawing my Bitcoin from.all exchangers just because of my.own personal reasons.Of course I'm not keep them all at one place, I've also my own electrum wallet in order to prevent something bad happen Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: mitchr4 on October 19, 2017, 03:30:41 PM I will keep it as long as the exchange support BTG in the upcoming forks and must be trusted exchange. But currently only Yobit i heard support BTG.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: BUK2016 on October 19, 2017, 03:54:19 PM The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin. Yes I hold some amount of my Bitcoin in my wallet with poloniex exchange during the last Fork in August and I was comperciated by way of given me some amount of Bitcoin Cash. My plans this time for the next Fork come November is to save about 30 percent of my Bitcoin in my wallet with poloniex exchange, while the remaining 70 percent of my Bitcoin will remain in my blockchian wallet. So, I'm curious to ask traders two things: 1. Did you hold your BTC on exchange on August 1st? 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Sendibere on October 19, 2017, 04:26:38 PM The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin. So, I'm curious to ask traders two things: 1. Did you hold your BTC on exchange on August 1st? 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? Certainly my bitcoins are in Bittrex and they say Bittrex is their support for BTG so all those who have bitcoins hold on the exchanger will get BTG equal to their few holds. But I'm afraid you better put it in Hardwallet to be more secure and safe. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: bit-freedom on October 19, 2017, 04:33:40 PM For this fork, I am not keeping BTC in exchanges. I will be keeping in my BTC wallet which i have the private key. Initially, I intend to keep in Bittrex but there aren’t any news whether Bittrex will give Bitcoin Cash back to me. And given the recent cases of Bittrex suspending accounts for verification without notice, I have firmly decided not to leave any BTC in Bittrex for this fork.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: super5star on October 19, 2017, 05:41:56 PM I don't have much to transfer to exchange, so I guess whatever I have will be on my wallet and I think it is even better for me that way to avoid any misses. However, you should note that there won't still be any serious difference if you are holding your funds in a centralized wallet where you are not in full control of your coins. You may as well still get nabbed in the process. However, since you said you do not have much, probably it is not worth considering pulling around then considering the fees.Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: thenite0wl on October 19, 2017, 06:05:16 PM one thing to consider, which happened with bch, was those that left their btc on bittrex were able to exchange their bch right away when the prices were high. i had my btc in my electrum wallet and it seemed like it took forever to get them on the exchange. i think that was due to the high difficulty from the btc blockchain, and i don't think that will be the case with this new blockchain. also i'm skeptical of bittrex's trustworthiness now and will only use it for small amounts, so i will continue to keep btc in my private wallet.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: ModGirl on October 19, 2017, 11:11:49 PM I'd recommend not to keep your BTC on an exchange during the fork. There have been many modifications and as suggested by a lot, it's better to make sure that your wallet provider supports the new enhancements and changes to the fork. Check with them if they will issue BTC gold and have your stacks stored based on that. You can send your BTC after to any exchange and start trading again, but remember what happened with the previous fork.. it was mayhem during the first days and weeks but suprisingly Bitcoin Cash is still alive, who knows for how long though. Yes it is not recommended to keep your bitcoins or any of your tokens in the exchanges when there is a fork happening. The chance that your coins will be affected and will be lost is high if that exchanges made any changes or modifications. It is highly recommended to take out your coins in exchanges and then keep it into safer wallets if you don't want your hard work to go to waste. For me, I will hold my bitcoins in my wallet even if there will be a hard fork coming. I know that bitcoin will surpass this again and I believe that its price will skyrocket again. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: mostkey on October 19, 2017, 11:47:37 PM I'd recommend not to keep your BTC on an exchange during the fork. There have been many modifications and as suggested by a lot, it's better to make sure that your wallet provider supports the new enhancements and changes to the fork. Check with them if they will issue BTC gold and have your stacks stored based on that. You can send your BTC after to any exchange and start trading again, but remember what happened with the previous fork.. it was mayhem during the first days and weeks but suprisingly Bitcoin Cash is still alive, who knows for how long though. Yes it is not recommended to keep your bitcoins or any of your tokens in the exchanges when there is a fork happening. The chance that your coins will be affected and will be lost is high if that exchanges made any changes or modifications. It is highly recommended to take out your coins in exchanges and then keep it into safer wallets if you don't want your hard work to go to waste. For me, I will hold my bitcoins in my wallet even if there will be a hard fork coming. I know that bitcoin will surpass this again and I believe that its price will skyrocket again. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: capoeira on October 20, 2017, 12:39:29 AM 1. Did you hold your BTC on exchange on August 1st? I did, since Okex anounced beforehand that they will pay them out. 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? Not so sure about Gold atm, Okex doesn mention it, only 2x: https://support.okex.com/hc/en-us/articles/115002105192-OKEx-Policy-Of-Segwit2x-HardFork Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Saoha on October 20, 2017, 02:51:03 AM During time the August 1 I did not keep Bitcoin because of bad rumors about the future of Bitcoin, I kept altcoin and failed miserably.
Now maybe I will keep a bit of Bitcoin on Bittrex and wait for low altcoin to buy them for the rest. History can will not repeat !!! Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Shutup on October 20, 2017, 05:46:59 AM The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin. So, I'm curious to ask traders two things: 1. Did you hold your BTC on exchange on August 1st? 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? [/quote My job is 12hours a day and celphone is not allowed.So when l go home l just advertised bitcoin.I dont have time for now to search what is better.l dont have idea yet about online wallet or money changer.Maybe soon l will know about it.But about my experience on august before segwitl have my salary and the price is downfall.l dont have choice that time,l have to get my salary even its very very low prce.But after 2 weeks after segwit,that value of my salary multiplied into 10.l regret so much because l supposed to wait for the price increase before l will sell it.So thats a very big lesson to me.So by now l hope so l will sell my bitcoin after this fork.I'll just wait for price increase. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: gabmen on October 20, 2017, 05:55:34 AM During time the August 1 I did not keep Bitcoin because of bad rumors about the future of Bitcoin, I kept altcoin and failed miserably. Now maybe I will keep a bit of Bitcoin on Bittrex and wait for low altcoin to buy them for the rest. History can will not repeat !!! LOL yeah me too. I prefer to also receive bitcoin gold so i probably would keep btc in my exchange wallet as there hasn't been any announcement from my hard wallet if i'm they'll have bitcoin gold. I'll keep still during this time Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: katrimans on October 20, 2017, 08:23:14 AM Actually, last time during the 1st August fork, I've got some small part of bitcoin left on the exchanges and actually I really enjoyed the way they did it, as they have autmatically splited my coins and I was able to sell the fork ones immiediately, without having to worry about new wallets or slow transaction times. However, I wouldn't risk with holding any significant amount as it's always better to control your wallet the funds, but I don't complain about execution of the last fork. Yes, some times fork can help you as the coins are split at the time but having a large amount of bitcoins in your wallet at the time of fork i a bit risky at the time because you will not able to sell it as its price will be very low and you will need to wait until the prices are normal and then sell them. A person can face problems when he needs urgent money at the time of fork, so one smart person should convert all his bitcoin before the forks and than again by coins when the prices are normal this will help him more but if one do not need urgent money than holding it at the time of forks is ok .Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: bitbunnny on October 20, 2017, 08:52:07 AM I haven't decided yet. Usualydon't keep coins on exchangers for safety reasons, or just very small amounts. I still don't know if my wallet is going to do something about Bitcoin gold and if I could get any so maybe in this case I would make exception and leave some amount on exchanger to get something to sell and quickly make some profit.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: giveen on October 20, 2017, 10:08:30 AM I will keep it as long as the exchange support BTG in the upcoming forks and must be trusted exchange. But currently only Yobit i heard support BTG. Cex.io and unocoin ( a indian exchange) has told they will be crediting bitcoin gold if they list it on their exchange or not. Unocoin has said they will be crediting the coin which the mining community is going to support. Bittrex and poloniex will also credit it's users though no official announcements has been made till now.Source : https://news.bitcoin.com/cex-io-and-unocoin-announce-fork-arrangements/ Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: RealPhotoshoper on October 20, 2017, 10:52:22 AM I will keep it as long as the exchange support BTG in the upcoming forks and must be trusted exchange. But currently only Yobit i heard support BTG. That is reasonable enough , i did it in the last time fork and there's nothing to worry about it.As long as they are trusted you can continue to trade there and get your BTG later , hopefully. I don't recommend yobit as your primary exchange by the way , have bad experience with them. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: miyong on October 20, 2017, 11:11:15 AM Yes, i will keep my BTC on the exchange site for this upcoming hard fork. We've experienced this last August and I think there is nothing to worry about the hard fork.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: pisston on October 20, 2017, 07:16:33 PM Yes, i will keep my BTC on the exchange site for this upcoming hard fork. We've experienced this last August and I think there is nothing to worry about the hard fork. Generally, the previous plug was this year on August 1. Have you forgotten? And it seems to me that keeping my bitcoins on the exchange site will be very dangerous, because it is better to keep everything in your wallet. If a double appears, it will be on your Bitcoin purse too.Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: crazycatwoman03 on October 20, 2017, 11:50:50 PM Yes, i will keep my BTC on the exchange site for this upcoming hard fork. We've experienced this last August and I think there is nothing to worry about the hard fork. Generally, the previous plug was this year on August 1. Have you forgotten? And it seems to me that keeping my bitcoins on the exchange site will be very dangerous, because it is better to keep everything in your wallet. If a double appears, it will be on your Bitcoin purse too.Right, it is very dangerous to keep your coins in the exchanges this coming fork. It will be a high risk since there is a possibility that it will vanished from there when the site applied modification because of the fork. I will really put my coins into safety, in that way I would not worry if the fork happens. Many people are doing this too and it is highly recommended to me to put everything in safety before the day of the fork. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: nightrider on October 21, 2017, 12:39:06 AM I will keep it as long as the exchange support BTG in the upcoming forks and must be trusted exchange. But currently only Yobit i heard support BTG. I do not think it is a wise decision, the fork is coming, but at present, the exchange of trust has not yet published any information about their actions. So, a hardware wallet is the only thing that can guarantee your interests.Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Kemarit on October 21, 2017, 01:56:05 AM The simplest answer would be if the Exchange supports the coin then it won't be any problem to deposit the coins on it to receive the free coins. Yes I did stored my coins on Bittrex while the August 1st fork happened and I did receive the BCH but at that time bittrex had already announced that it will be supporting the fork. But there has been no announcement made yet from Bittrex whereas Yobit has said that they will be supporting the fork. Really a tough decision as what to do. Yobit already made an official announcement on their twitter account saying that they are ready for Bitcoin Gold. So I guess its not gonna be a difficult decision for most of us. Although Yobit has been shitty as of late, it was really a nice moved from them, and I think this news pushed the price of bitcoin to above $6000. This will attract of a lot of investors to put their bitcoin on Yobit and claim the free coins and then buy it with bitcoin or some altcoins then withdraw again your funds to your wallet because its really hard to put our stash on an exchanges specially Yobit. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: GoodLuck2 on October 21, 2017, 10:09:22 AM Yes, i will keep my BTC on the exchange site for this upcoming hard fork. We've experienced this last August and I think there is nothing to worry about the hard fork. There is no reason to deny the fact that bitcoin is having a very much importance and it will never disappoint the ones who believe in bitcoin. I will also keep all my bitcoins for as long as I can no matter what the condition are because of the reason that I know these forks are temporary and it will not affect the worth of bitcoin that much. I will keep my bitcoins not only during the upcoming forks but also after these forks.Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: capoeira on October 21, 2017, 10:23:25 AM best place to have coins would be on Bitrex, IF ONLY they would say that they pay them out: https://steemit.com/bitcoin/@libertyranger/so-i-asked-bittrex-will-bittrex-support-the-bitcoin-gold-hard-fork-and-they-answered-me
problem. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: lacrypto on October 23, 2017, 06:23:26 AM OK so what if you are keeping them on exodus or any wallet storing private keys. Some exchanges are going live in 5 hours, such as YoBit. The rest go live in 24-48 hours.
How do you redeem your PK's to shove them to the exchange? A BTG wallet MUST be released by the time the fork happens in order for you to redeem your BTG or am I missing something? The reason why I ask is because obviously you'd want to get in at the same time as everyone else to either #1 see the price and if high sell, or #2 hodl. BUT..if you store on your own Wallet and you have your PK, how would you immediately be able to send to an exchange like YoBit and sell quickly? Might be a noob question but I can't fill the gaps.. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: mistanama on October 23, 2017, 07:48:24 AM Bitcoin Gold will depend on the exchanger's support and they will provide us with the necessary part. But if you are not sure it can put on wallet support for the hard fork and receive BTG. There is more security because you are holding your private key.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: x86Daddy on October 23, 2017, 07:55:16 AM In my opinion, you should hold BTC on your offline wallet. It is more safety to help you receive Bitcoin Gold.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: wumBowo on October 23, 2017, 08:31:04 AM i kept my BTC on bittrex right now since they're confirming they will support BTG after the fork begin. This because i ony holding a quite small amounts and hope i can get some profit after the BTG market is open
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: ghost14k on October 23, 2017, 11:07:45 AM I always split my Bitcoin in two ways. One in exchange and the other off exchange in my personal wallet. That way I have half to hold back to if things go awry or gain both ways.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Quidat on October 23, 2017, 08:03:20 PM I always split my Bitcoin in two ways. One in exchange and the other off exchange in my personal wallet. That way I have half to hold back to if things go awry or gain both ways. This is indeed a good step though but would be rather much better if you do put up all of those bitcoin on a wallet which do have private keys which like on storing up on electrum rather than on putting still on exchanges.I dont really have too much trust on exchanges when it comes on fork events.They might support but i do find more hassle for me to claim such thing.Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: aardvark15 on October 23, 2017, 09:48:59 PM The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin. So, I'm curious to ask traders two things: 1. Did you hold your BTC on exchange on August 1st? 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? I took my Bitcoins off the exchanges during the last fork and I already have all my Bitcoins off the exchanges in anticipation of this upcoming fork. I’m doing this for two reasons: 1) most people advise us to do so to protect our investment 2) I don’t know for sure that the exchanges will give me the Bitcoin Gold that should be mine. I think I heard that last time most major exchanges did give the forked coin to the customers, but you never know what will happen. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: happyme1818 on October 24, 2017, 05:35:28 AM The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin. I hold it on a trusted trading platform then i withdraw it after the fork when bitcoin cash and gold credited in my account. that is the easiest way to sell it on higher price. Just make sure your account is verified to avoid problem.So, I'm curious to ask traders two things: 1. Did you hold your BTC on exchange on August 1st? 2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork? Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: cotton ball on October 24, 2017, 07:16:22 AM Many people panic when hardfork some time ago, now they are more confident to save in the wallet exchanger. There is not a single negative and dangerous market on hardfork and they promise a profitable split and keep our balance safe, I do not think there is any level of panic that matters for now, many people believe in them.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: wildan88 on October 24, 2017, 07:26:17 AM of course, I kept my bitcoin on the exchange, and I put it in bittrex but few hours ago snapshot completed. I can't possibly miss it because some time ago I regret not saving bitcoin when getting free BCH and everyone is happy with that because the price is very high. I think the success of BCH will occur in bitcoin gold, at least the price above 0.1 its very good.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: fasdorcas on October 26, 2017, 06:04:23 AM of course, I kept my bitcoin on the exchange, and I put it in bittrex but few hours ago snapshot completed. I can't possibly miss it because some time ago I regret not saving bitcoin when getting free BCH and everyone is happy with that because the price is very high. I think the success of BCH will occur in bitcoin gold, at least the price above 0.1 its very good. There comes so many occasions in your life when one wrong decision results in huge amount of loss. At the time when there is chaos all around, you need to actually control your nerves and think well before making any kind of decision. I will for sure keep all my bitcoins during the upcoming forks because selling your bitcoins at that time actually means that you are going to suffer a huge loss. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Vikingr on October 26, 2017, 11:08:50 PM Many people panic when hardfork some time ago, now they are more confident to save in the wallet exchanger. There is not a single negative and dangerous market on hardfork and they promise a profitable split and keep our balance safe, I do not think there is any level of panic that matters for now, many people believe in them. I am also one of those who is not worried about the upcoming hard fork with my bitcoin since the last segwit ended benefitting the bitcoin holders beyond imaginations. All the bitcoin holders are pretty calm and optimistic plus excited regarding the hard fork of November beacsue it is hihghly expected that bitcoin will touch 7000 dollars after it. So no ened to give even a small space to negative thoughst in your mind. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Indrawan77 on October 27, 2017, 12:19:16 AM Yes I put my money on exchanger to get the chance to sell.the coin quicker, the quicker you sell the coin the better the price, if you waited for the wallet you are missing your chance to get profit, and bitcoincash starting price is not bad, but this time the bitcoingold price is not too good, and for the next forking I will still put my money on exchanger
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Burnsey777 on October 27, 2017, 11:43:15 AM Yes I kept my coins on an exchange for both Hard Forks of Bitcoin.BCC and BCG.
Have learnt that they controlled the process of altcoin allocation,and also conversion schedules to BTC. Have now sourced a Paper Wallet and moving all my coins off exchange. I now have total control,and hence responsibility over my Bitcoin. 8) ;D Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: clrpod on October 27, 2017, 11:52:19 AM Any BTC I have currently is on an exchange, as long as they support the fork and will credit the forked coin then I will keep it on the exchange for ease, for example with bittrex and BTC gold. If they will not credit it (which I would be surprised about) then I will move it to a wallet. It is just easier this way
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: BobBct on October 27, 2017, 11:57:21 AM Well more than half of my holdings for btc i sold for alts. and when fork is done i'll sell again my alts for btc so it will rise and do it again in the next fork..
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: richkellj on October 29, 2017, 07:18:29 PM In my opinion, you should hold BTC on your offline wallet. It is more safety to help you receive Bitcoin Gold. Yes that is better option. You don’t need to put your income in online wallets because they are not much safer there. Hard forks can be hard and they may affect your online savings. You may be get panicked and then there will be you who is making everything sell on the spot. So better is to hold but keep your bitcoins in offline wallet where they can be said safe enough.Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Funeral Wreaths on October 30, 2017, 05:24:53 AM In my opinion, you should hold BTC on your offline wallet. It is more safety to help you receive Bitcoin Gold. Yes that is better option. You don’t need to put your income in online wallets because they are not much safer there. Hard forks can be hard and they may affect your online savings. You may be get panicked and then there will be you who is making everything sell on the spot. So better is to hold but keep your bitcoins in offline wallet where they can be said safe enough.Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Sengoko on October 30, 2017, 02:50:55 PM I will keep it as long as the exchange support BTG in the upcoming forks and must be trusted exchange. But currently only Yobit i heard support BTG. Cex.io and unocoin ( a indian exchange) has told they will be crediting bitcoin gold if they list it on their exchange or not. Unocoin has said they will be crediting the coin which the mining community is going to support. Bittrex and poloniex will also credit it's users though no official announcements has been made till now.Source : https://news.bitcoin.com/cex-io-and-unocoin-announce-fork-arrangements/ Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: aencarnaci on October 31, 2017, 02:19:28 PM I will keep it as long as the exchange support BTG in the upcoming forks and must be trusted exchange. But currently only Yobit i heard support BTG. Cex.io and unocoin ( a indian exchange) has told they will be crediting bitcoin gold if they list it on their exchange or not. Unocoin has said they will be crediting the coin which the mining community is going to support. Bittrex and poloniex will also credit it's users though no official announcements has been made till now.Source : https://news.bitcoin.com/cex-io-and-unocoin-announce-fork-arrangements/ Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Artem_Kon on October 31, 2017, 02:30:06 PM In a long perspective, having BTC main forks could be a good idea. If the BTC is really so long term story as it's being told, these forks would be also quite valuable. When 5th, 10th fork would be implemented, old forks would gain higher capitalization.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: redsun114 on November 01, 2017, 02:07:58 PM I will keep it as long as the exchange support BTG in the upcoming forks and must be trusted exchange. But currently only Yobit i heard support BTG. Cex.io and unocoin ( a indian exchange) has told they will be crediting bitcoin gold if they list it on their exchange or not. Unocoin has said they will be crediting the coin which the mining community is going to support. Bittrex and poloniex will also credit it's users though no official announcements has been made till now.Source : https://news.bitcoin.com/cex-io-and-unocoin-announce-fork-arrangements/ Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: BitcoinGirl.Club on November 01, 2017, 02:57:07 PM If we do not want to risk losing our air dropped coins it's as easy as keeping our coins away from an exchange because these guys hardly dish out the split coins probably the reason some exchanges give out a notice before any fork happens and by now we should know that the safest wallets are those you have control of your private keys, so that you dont miss out on such.
Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: bitgolden on November 03, 2017, 06:14:38 AM If we do not want to risk losing our air dropped coins it's as easy as keeping our coins away from an exchange because these guys hardly dish out the split coins probably the reason some exchanges give out a notice before any fork happens and by now we should know that the safest wallets are those you have control of your private keys, so that you dont miss out on such. That’s the good way to save yourself from any type of loss in any type of fork season and mainly people start selling in the fork time but after the fork is over they start scolding btc and that’s not the fault of btc its totally depend on the user what he want to do all the investor don’t have same mindset some start exchanging in fork time and some hold their coin in wallet all depend on the mental level of person.Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: hatshepsut93 on November 28, 2017, 07:08:07 AM So, recently there were a pretty big news regarding Bitcoin Gold - https://bitcointalk.org/index.php?topic=2466999.0
This has some very important effects on the whole situation with holding on your own vs holding on exchange. The risk of downloading malicious clients that will still both your forked coins and Bitcoin is relatively high - not only there are many fake sites on first results in Google, because they've bought their ad space or just have some clever SEO, there's also a risk of getting malware from official channels because they got hacked or because they were malicious from the start. This means that if you are holding coins on your own you have to always follow the correct procedure of claiming forks - move Bitcoin to a new wallet, install forked client on a separate machine, import old private keys or alternatively import just signed transaction if possible - after sending your coins to exchange clean or better format this device. It's really not that hard for experienced user, but newbies might simply don't know about it, and easily get tricked into exposing their private keys to malware - which means that there's a certain benefit for them in keeping their coins on exchange during forks. But there's a risk that exchange operators, especially if it's some small local exchange, might also screw up and lose their funds to the same malware - keeping coins online is always risky, since this was never a part of original Bitcoin vision. Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: gabmen on November 29, 2017, 12:23:20 PM If we do not want to risk losing our air dropped coins it's as easy as keeping our coins away from an exchange because these guys hardly dish out the split coins probably the reason some exchanges give out a notice before any fork happens and by now we should know that the safest wallets are those you have control of your private keys, so that you dont miss out on such. That’s the good way to save yourself from any type of loss in any type of fork season and mainly people start selling in the fork time but after the fork is over they start scolding btc and that’s not the fault of btc its totally depend on the user what he want to do all the investor don’t have same mindset some start exchanging in fork time and some hold their coin in wallet all depend on the mental level of person.Well for me it's free anyways so i don't mind gambling with it if ever i receive it or not. So far i was able to get bcc ans bcg without any problems so i'd probably do the same with all incoming forks Title: Re: Are you going to keep your BTC on exchange during the upcoming forks? Post by: Aleya on December 20, 2017, 10:04:50 AM Yes, I want to keep my Bitcoin on the exchange during the upcoming hardfork. At the previous hardfork I kept my Bitcoin in Bittrex. Bittrex support harfork. And it gave me BCC into my Bittrex wallet. I also want to keep my bitcoin on the exchange during the upcoming hardfork. Previous hardfork i kept all my bitcoin in ethereum. I think ethereum support hardfork. |