Bitcoin Forum

I currently have about four hundred pounds worth in a Bit Coin tracker through Hargreaves Landsdown. Everything was easy and that is why I did it that way.
I know that this is not a lot but my concerns are that when this fork happens I will not benefit from any Bitcoin Gold and that the value of my shares will fall if Bit Coin falls.

Should I cash in as I've made almost double my money and buy through Coindesk or similar or should I just leave things alone and buy some extra and store in an offline wallet.

Any Ideas?

Thanks.

It may not be a lot for you but still bitcoin gold is free money so don't ever say that you'll not benefit out of that four hundred pounds you've got. Don't also think that bitcoin will mostly fall, since you are still new to bitcoin trading learn to see it on it's past charts.

---

Good to know that you made it doubled, go cash in if you are in need of cash. But if you are patient enough I recommend you just to do nothing and keep on holding that in offline wallet where it can be exported for the generation of bitcoin gold and at the same time you can still buy some if you have spare.

Ok I'm thinking that I cash in and then re buy through coin Base. I will probably add another five hundred to it. I'm in it for the long run. Go Bit Coin!!

Hold bitcoins in your offline wallet.I never believe exchanges with my funds. I remember old exchange hacking days and losted funds. In any case you will get your free bitcoin gold, why do you need to take risk?

I would say hold on to what you got and wait and see what happens. Worst comes to the worst you lose £400, otherwise you can double/triple etc.. the money you have right now. But of course if you are depending on those £400 now then sell it and buy it back later.

Just hold on your bitcoin dude. You will get free money with the Bitcoin Gold split. And once you got those free money, you can re-buy bitcoin or just sold off the free money you got from Bitcoin Gold. At least you have quickly profited from it. Its very critical after the fork. You may never know if the price of bitcoin will increase or will go down. Just don't panic though and try to observe where the price is going to be.

Hi sir, I would like to suggest to you that store your coin for long in an offlins wallet because if an exchange there were some scam issue or freezing account issue. Hold it for long and someday you gonna be rich if the price continue to be in skyrocketing which we assumed positively.

It is better if you just hold on and make your money in bitcoin, hold it for long if you really dont need it. Who knows someday you gonna double or tripple it, but I suggest if you gonna hold it in offline wallet because exchanges might stole it.

I think if i were you, I would save let it stay that way. I mean dont cash out or spend. Because bitcoin keeps on growing and I think and im sure the exchange of bitcoin will grow into million.

Do not cash out. This is the biggest mistake you could make. I have done this (cashed out) this summer when I have received a message about the bitcoinfork with BCC. Now I regret doing this, the bitcoin price today is 6000 and when I cashed out it was 2900. I can say that I truly regret my decision. My advice for you is to hold your bitcoin as much as you can, do not invest it, do not trade with it, HOLD it for some years to come, and the reward in 2-3 years will be greater than all possible earnings that you could make by cashing it out and then re-buying it.

You can cash out an amount equivalent to your initial investment, and leave the rest - that way you know you haven't lost any money.

I think if you hold your bitcoin and try to buy extra bitcoins is the best way for you to make a great profit, I don't think that it will be a problem after the fork, Its contrary, you will be benefit with the bitcoin gold, also i think that bitcoin price will increase more and maybe it will reach the 7000$ in few week later after the hardfork.

I really think you should cash out, buy some real coins through an exchange, and withdraw those coins to a wallet and leave it there, so you know you will get the free coins from the bgold fork, and then the segwit2x fork. It will free money from both of them, so why keep your coins in an exchange, and risk not getting anything from the forks?

I have to do is multiply my coins to make money

like alyssa said, i would cash out the initial investment and hold the rest, in this way your initial investment is safe and whatever will  come in the future are free money; if you are not scared about your initial investment i would hold it and forget about that for couple of months, you will have a good surprise in the future :)

What should I do with the existing bitcoin? Should I sell it or store it. But if I sold it, it would be worrying if the price of bitcoin increased and became expensive again. I was confused with the price of bitcoin now. But I hope that the price of bitcoin will gradually recover from the fall of the price.

dont just be worried about believe on it that it may come back soon so better to hold it for better to be that this may recover very soon.

If a coin has make you double of your money why sell or cash out for another coins. Keep it and watch it grows. You can cash out only if you think the coins is trending downwards.

Not a single person has actually answered OP's question. Everyone just stating generic "hodl" and "hardware wallet" statements.

Firstly OP, bitcoin is unlikely to fall in any meaningful way when it is forked. Even with the Bitcoin Cash fork late last year, which was much larger than any upcoming forks, the trajectory of Bitcoin's price was largely unchanged.

Buying through Coinbase is very easy. Easier than setting up a Hargreaves account I would say. I would recommend buying through GDAX instead (Coinbase's sister site) as it has less exchange fees and less transfer fees.

If it was me, I would sell your tracker and rebuy actual coins. I would prefer to know I own actual bitcoins and not just a tracker. As you say, you can then benefit from forks, while also having the option to trade for altcoins in the future if you wish. Be sure to transfer them off the exchange and in to your own wallet once you have bought.