Bitcoin Forum

My strategy for the next fork, that is supposed to take place around 20th nov.
If there are exchanges that support it and credit B2X for BTC in 1:1 ratio, then i will sell all my alts to buy just and only BItcoin. (nowdays i dont have a cent in BTC). This B2X seems by far very more worth than the BTG shit.. JUst right after the fork, dumping of BTC to buy the bleeding alts that will be around cryptomarket. I will keep the B2X at least for some days (as there is no replay protection, so better safe than sorry) and then decide if keep or dump also.
NOw the question is.. it is smart to sell my damaged altcoins still with lost (since i bought during the summer ATH) and start accumulating BTC? when should i do it? will the altcoins have another rise like yesterday? will BTC still drop more ?
take in mind that last time, people began accumulating BTC as long as 3 weeks before the hardfork... so no much time left for a decision.
what do you think?

In my opinion better don't buy Bitcoin just for earning from fork.
Just keep you coins and they will also rise up.

Fork from Bitcoin was only one time with success. Freebie can be only 1 time.

I think that in this period Bitcoincash can be a real bet. In my opinion, it risks to suck during the period before the fork.

So I'm going to try to get BCC, Bitcoin, and the rest in Altcoin.

I would never trust Bitcoincash and certainly not if more "competitioners" rush on the market by forks. Just stay with Bitcoin and forget about Bitcoin Cash it will continue it's downwardtrend. The only reason why it still has value is because a lot of people are too lazy to claim and sell them.

There can be only one :)

Split your investments,
30% for BTC and 70% in altcoins, because after the segwit 2x BTC price could be dump hardly
and alt is the way to make another profit

but you can't compare B2X with other forks... i think is way more valuable than the rest!
right now the fishy scammy B2X futures negotiated by hitbtc have a good price (around 1000$), and i think this will be the price of B2X at least when fork arrives.

There is no need to think about next forks etc. The best strategy is do nothing. Tried and tested  :) This is a difficult game, doing nothing is the best strategy mostly.

I'm thinking of going all in on BTC.

It is not an easy decision. To get free B2X or just speculate as usual. It is risky to change all altcoins for Bitcoin now. As we don't know if the altcoin will worth more or not.
And we don't know the value of B2X when it will be out. If when you trade you get more than waiting for the work, it is better to stay in trading. But if you don't plan to trade, it is better to change the altcoins to bitcoin i think. But you need to watch what is the best moment to sell your altcoin for bitcoin. You don't need to immediately do it. But you need to know when they are going to do the fork and the time for the Bitcoin snapshot. The snapshop will happen at block 494,784.

I second that!

It is a sound strategy in my opinion, because Segwit2x will be bigger than BCG, even if none of the three forks this year will overcome Bitcoin. I have lost a lot of BTC due to alts dipping, and I stayed away from BCG. But just before Segwit2x fork, I will do the same, sell half my alts to BTC, get the free coins, sell back for more BTC, and then rebuy my alts. I think I can at least recover 5% of losses this way.

I am holding all losses until then.

well taking in mind the actual market.. rises/drops... impossible to follow... so the winner strategy will be DO NOTHING!
i think it is time to turn off the TV, wait some years and then see what happened with my investment..

I have been thinking a lot about this...
As i have been doing my own research, it seems that dumping alts to buy BTC and get the valuable B2X, could be a very big mistake that i'm not going to assume. The hardfork would be without the necessary, changes necessary for upgrade to 0.15.
Instead of that there is a high risk with security vulnerabilities of Bitcoin 0.14, so hackers could take advantage of this and make a lot of damage to our wallets.
The B2X team didn't also put any effort to improve B2X with replay protection. Segwit2x nodes will look exactly like bitcoin nodes so that bitcoin nodes do not know what transaction should reject... all this sounds fishy..  
Balls of steel to risk your investments? Then go for B2X .. me at least, i decided to keep on with my alts.
take your own decision, but please be warned. be careful.

in my opinion planning for SegWit2x this soon is madness. that fork is not like BTG to be clearly a premined shitcoin, you need to wait and see what will happen. and also if everyone starts thinking about you, the price will go to the moon and by the time you want to sell altcoins to get bitcoin or even buy it, that would be way too late.

i also find it strange that you say you are not holding any amount of bitcoin but you claim to be holding altcoins which have lost considerable amount of their price (since you bought in summer ATH)!

---

from your comments here i have a feeling that you read a lot of reddit emotional bullshit and you are caught up in it. if so, you have to seriously stop it or that will hurt you badly.

valuable? we don't know yet.
it may replace bitcoin and become the majority chain. or it may end up being nothing with 0 hashrate. or it may be a split and leave bitcoin half and half!

if these numbers are bitcoin core versions, then i believe btc1 has already merged 0.15 changes into their repository. but i am certain that there has been NO security vulnerabilities in bitcoin core 0.14.

a large part of bitcoin network is still on 0.14 by the way!

replay protection is not an improvement. it is either a necessity or a damaging thing.
it is a necessity if a fork doesn't have enough support (>95%) and can potentially leave another chain running.
a damaging thing if it has a large support (>95%) because it causes everyone to be forced to upgrade their wallets. think of this as if after SegWit fork in September you would have to upgrade your wallet just because they implemented replay protection for SegWit soft fork which had 100% support!

their team believes they have a large amount of support and i believe they won't implement replay protection until proven otherwise which means until the real signaling begins.

no they won't. they will start sending invalid blocks and then transactions which will be rejected by the bitcoin network. the worst thing that can happen is wasting bitcoin nodes' resources such as bandwidth and CPU power.
(don't confuse this with replay attack)

by the way if they would have looked exactly like bitcoin nodes then there would have been a serious flaw in bitcoin!

all that said is just my understanding and my plans. i prefer to wait and watch before deciding what B2X is. wait to see how many of the miners stay and how many will go, how many of the businesses, .... will do the same.
and obviously i am holding bitcoin but for a very long time i don't mind any dips, in the end the real bitcoin will survive.

I will sell half of my altcoins if the go 100% for bitcoin, otherwise i will do nothing and hold. Im in for the longterm.

Cheers

Your strategy sounds good but how can u be sure that alts will go down. Maybe opposite they will raise up and you ll stay with your bitcoins and wont be able to buy them back

I would hold the alts if I were you mate. Fill your bags when they are low and just be patient.

Why did you co.pare btg to segwit2x. Segwit2x is a legit hardfork and btg is just a shit coin. Any one can make such coin and name d it btc silver btc bronze etc...the real hard fork is segwit2x. But i also see very much tag on twitter using no2x or something. But segwit2x is better then btg maybe the price will be equal to bitcoin cash

Which alts did you buy? If the picks are good I would just keep holding.

Not having Bitcoin now is a big mistake, people were cashing out into Bitcoin since 2 months, it can take different paths, you either know that Bitcoin will rise and alt will fall, then you can buy altcoins cheaper before every fork, or you want to get free coins from the fork, in both cases having Bitcoin is a must.

I think that is the best thing you can do, a lot of people are going to sell their alts just to jump in to the bitcoin train, it has been happening the same during the last fork, that is why it increased by a lot of money during the past few weeks.
Anyway, i will try to do the same, but i dont like the way that bitcoin is going up so quickly, but i still trust in it after all. But i will keep my bitcoins until the fork, i do want to receive those coins for free too.

My strategy:

step1: Transfer BTC to an exchange that credits 2X immediately when the fork is happening. (Because you won´t be able to do transactions)
step2: Sell all of my 1X BTC for 2X
step3: Sell all of my 2X for BitcoinCash

This is the worst decision any one can makes. Selling BTC for Bitcoin Segwit 2x when most probably all people will sell their Bitcoin Segwit 2x!!!!

and why finally sell them for Bitcoin Cash? It is so risky and it is like a gamble with very low chance.

That is not so good idea because the majority of the community thinks the same. Look at the bitcoin gold if you had just bought the bitcoin and sold a the top instead of waiting for btg drop, you would have made more money just by doing this. The 2x fork is very bad for the bitcoin community, they are trying to destroy and split it, but I don't think that they will succeed, as the bitcoin community after first fork is stronger than ever, everyone is running their own nodes right now

Dont put all your money in bitcoin because what if the price of bitcoin decrease or fall . Your money lose also . Yes they have posibility that you earn big becuase the amount of bitcoin that you the amount bit2x you will get also like bitcoincash what if the price of the next bit2x will collect the funds of bitcoin for sure it will decrease the price. But all decision is yours always be careful of you doing.

i think its a good time to sell it and buy back your altcoins
like if you have eth around 10k usd and sell it into bitcoin
wait until the hardfork happen, after that you buy your ethereum back

so after that you get more money than before, since you have 10k worth of eth and plus bonus BTG or bitcoin gold

I don not think so. SW2X will first get major hashrate. After market does it´s work, maybe 2X looses value. But Bitcoin Cash will compete with 1X and 2X as SegWit free Bitcoin. It will continue to grow because it is more useful than BTC. I expect at least 50% worth of BTC

This is going to gather different ideas for sure. The responses will vary because there will be those individuals here that considers with importance the free B2X that they will receive by simply holding bitcoin. There are also those individuals who will say that it is not a good decision to dump all altcoins just to receive some free B2X. For me, do not put all your investments in a single side of the coin. You may convert half of your portfolio for bitcoins and the rest for altcoins. 

Anyone knows what exchanges will duplicate the BTC to SEWIT2X?

I agree with your strategy because I plan to do something similar. Also, since I have distributed my bitcoins in different wallets, I plan to accumulate my coins in those wallets that offer to credit B2X. In this way there is nothing to lose, only easy and free earnings.

I don't know man, people are getting bored with a lot of forking recently, most of them are only looking for free money, people not really support the coin, it is a good idea to keep some btc to gained the free money and hunt for the  alt coin, usually near the forking the alt coin price will become unstable, three weeks is still a long way, all of the coin hasnt been affected by this forking and the traders still haven't taking any action

I'm thinking about doing the same but because my portfolio consists 70% of bitcoin i won't sell my altcoins at a loss, i will just keep holding them.
and like you said i also think that it B2X should be far more valuable than Bitcoin Gold (bad premine coin imo) , but i don't know if BTC will dump this time
or if B2X maybe becoming the dominant chain, snatching up cheap altcoins sounds really good but it wouldn't help me much if they just keep falling cuz of a
Bitcoin war, i'm worried about what's to come

i think its not wise to sell all altcoin to just have btc in our wallet and expecting to get free new coins from btc but if you are fine with the lose of your altcoin then you can try it. and if you want to sell your altcoin, then you should sell before the segwit2x is coming or before two or three days before segwit2x.  but for me, i don't want to sell my altcoin because i am sure that altcoin will back increase when the btc price is down, i can waiting until the  altcoin price is increase again.

What he said!

You shouldn't take bitcoin gold fork as being the same as Segwit2x. The two events are really not comparable, bitcoin gold was basically just another alt whereas segwit2x is a proper chain split.
With the btc gold split, basically no-one lost any faith in btc, everyone just viewed btc gold as a free airdropped alt. Segwit2x is different and could be really chaotic. We might see an alt dump like before bitcoin cash, or alternatively people might want to stay out of crypto altogether until everything settles down again after the fork. Really difficult to say. I think there will be a lot of different strategies in play.

Already named them in another post, but here you got it again:
QTUM LINK IOTA XVG NEO PIVX XEM WAVES SNM BNB PAY LSK BTM SAFEX STRAT HVN STX XEL
MTL DNT MAID CND BTS LRC
AEON RAD SHIFT BAT PTOY ADX BAT FUN PLR HMQ NET UIS MBRS 808 SIGT XSPEC EOS SWIFT LBC VOX WINGS MNE OK POSW KMD  FLO SYS MSP QRL HMQ CAT ONION IFT ARDR TKN SC UBQ SNT BQX POE EMB DAR BTA ELIX DRACO MDA ETN

maximum diversification XD

already few scams: EMBERCOIN, DRACO.. and seems SIGTNATUM and MINEREUM also suck...

I would go 50% BTC and 50% altcoins if you actively research cryptocurrencies. I find holding all Bitcoin gets a little boring (although probably the best thing to do for low risk, high profit).

That is really silly of them. Gold isn't a way to "profit", gold should be a method to preserve wealth against fiat money inflation. There is also a limited quantity of Bitcoin (as there is with gold), but being a digital currency which have been subject to sever fluctutations it is much more speculative than gold.... two completely different matters.

The experience I get from last fork is that alt didn’t bounce much (about 10%) and BTC recovered within 2 days. Even there is a dump event after the fork in Nov. I doubt BTC will be decreasing value a lot, and it might take altcoins weeks to start grow gradually.

really it's going to go crazy but will even out in the end!

Gold isn't really limited though. Gold is constantly being mined, and it can also be produced in the lab. And while producing gold is too expensive to be worth it right now, we might very well end up with a scientific breakthrough that could change this.

If it will be this same like previous the best option will be buy as many as possible altcoin when their price go down. It will be my move

Well, that is your own decisions and I really hope you do not end up coming back here crying cause that seems like the pretty worst decision anyone would ever make.

Support has dropped a whole lot for B2X and switcing to B2X and then to BCC qould only make you regret as the bullish trend comes after the 2X for BTC. However, like I said, the decision is yours and you can do whatever you like with your coin.

Interesting, I was gonna hold my BTC actually. But maybe I change my plan with the information coming from you folks. I can turn my BTC into USDT and then I can seek opportunities to buy them back with cheaper prices.

That's actually a good point against gold vs bitcoin hah.. but overall there's no comparison about which one of the two is the best storage of wealth as only one of them has been around for thousands of years and is easy to carry and exchange. Let alone bitcoin fees which are prohibitive!

Go all in with BCH and get rich after people realize it's the real bitcoin...

Your tactic is common practice, but you already missed the sell opportunity.
I sold my alts during last peak and will buy back shortly before fork.
I will definitely sell all my B2X immediately, because they will plummet even more than BTG. There is no danger for your BTC when you sell your B2X.
For me (and many others), next fork is an attempted hostile takeover (see: 'hostile corporate takeover' on reddit).
It's the first time you can make more money with alts during fork, than with the fork itself.
I already increased my alts only by selling high and buying back low (can't say exactly, as I didn't buy back yet).
As I don't think you can make much money with the fork, I will even increase my altcoin portfolio shortly before fork.

More or less, I have the same tactic.
But I want to add BTC will decrease too after fork. Current hype is only due to fork.

Well I don't have any fixed strategy, things can change pretty quickly. About BCC as I noticed there is a correlation between BTC and BCC price and when BTC moves BCC usually follows (and most alts go down drastically).
What I plan to do is diversify by market cap and left some usdt as well. Some low caps not really hurt by recent BTC action so its safe and some coins have their own games so I'm trying to play on the swings.
But yeah I agree that one of the best strategy is just hodl and do nothing, use time to study or just chill and do not overtrade/panic sell etc, all these kinda things. Good luck everyone :)

Bitcoin fees are tiny compared to Gold transaction fees. Or do you not value your time or effort of physically moving gold around?

Gold is definitely the safer option when it comes to storing wealth though, at least for now.

At this stage, it is just best to stay away from alts at the moment and see how everything will turn out eventually.

Although they are mostly still at their dips and may still be a good time to buy and buy more eventually, but I feel they would be worth it even more when they get pumped back which would pretty much give more profit than the forked chain would end up giving.

My strategi is im gonna hold my bitcoin untill hardfork the i will sell it and trade to boscoin or invest to universa, auctus

Yeah I think BCH might be a real alternative as people see it as the closest thing to BTC

Honestly, more than bored already! It seems like every forked chain is pretty much like bullshit to me right now and it is best to just stick with the legacy coin. It started pissing me off the more when I heard there is even going to be a bitcoin silver fork by December. Is it not obvious some devs just want to be doing some hanky panky shit on the users.

But I believe this community must be enjoying these forks as we are all getting some free coins time to time on every forks. Then why we bother about getting bored.

Yeah if there are any big exchanges that credit your account instantaneously i would defintiely go with them. Just don't store all your coins with them, do like half with them and half in your own wallet. Because when BCC came out it was sort of a similar scenario, on bittrex people could already sell their BCC for BTC but if you just held it in your address you couldn't.

Altcoins are probably going to suffer from the fork. But then, it's just a great time to buy.

Bitcoin fees are smaller than gold's if we are talking about selling ingots and nuggets and gold coins. Not much of a waste of space and time though as due to the high price per gram big portions of wealth can be stored in a standard business suitcase.
I agree with gold being the safer option. Actually I think it's the safest of all, including land, real estate, stock market and obviously fiat which has always been a big loser in that regard thanks to fractional reserve.

If you have to physically move your gold it'll be more expensive than transacting Bitcoin. And if you're buying gold at some place that stores it for you, you're kind of wasting the biggest purpose of owning gold in the first place.

If you're going to pull this off (selling all your alts to get segwit2x and sell right away), you better have your timing down really well. I'm predicting almost everyone will dump their segwit2x as soon as it hits exchanges, which will see a huge drop in prices. I mean it is free money though, so I don't see why not. But there is a chance you could lose more money though, because many people may sell their segwit2x and buy altcoins...

Honestly, I think I'm just going to stick with the altcoins I bought for cheap

I think its a good plan, although as mentioned its all about timing,
and that also depends on the alts you are selling. The potential to
earn free bitcoin to be traded back to alts and gain all the while is good.

What is the likelihood of the coins still being relatively the
same price after the fork?

Sowe are looking at coin analysis and timing!

What makes you think that the price of bitcoin will dumb as soon as the segwit 2x is activated,i am not sure where the price would go after the fork but i am positive that you wont see a crash unless there is some major issues arising after the fork,i understand both sides of the fork but i am still not sure which will serve us better in the long run.I will hold on to my coins and will decide about it later.

It's reasonable to expect BTC price to dip right after the segwit 2x coins are distributed and there's no point in keeping holding BTC, but it's also true that the rally we are seeing cannot be justified by just the segwit2x and therefore might continue even after the fork. I will personally hold all my BTC.

Well, the last time Bitcoin rose this hard it dumped to 50% of its peak and then went flat for quite a while with a slight downward tilt. I doubt that we'll be seeing this again though, at least not this time. A ~50% correction might happen for all I know, but it won't last for years like last time.

What you are saying are basically the two possibilities that are always there. The chances of Bitcoin to go up or down are always present for a volatile market. There are always some reasons for Bitcoin's value to go up as much as reasons for Bitcoin's value to go down. That is why we need some analysis, brilliant ones, to know which direction Bitcoin will take. But either way, holding Bitcoin is always good.

No one can actually tell how exactly the market is going to react right after the fork, only speculations that btc is going to dump hard. BTC dump equal to alts pump, so better watch the market actively and sell half of your alts at the actual rates where did you bought them or at a little gain. This is what I'm actually going to do.

my prediction bitcoin could be dump hard after the fork but it will not reach 50% value.
i cant say alot whats make me think about that. bitcoin will start to fall around 15-22th november. max around 10% - 30% from the last price and it will rise again. for long term its still good to keep bitcoin. i believe it will break 10k $/btc next year

I am holding on to my alt coins as I bought them with a specific belief.  Some are up and some are down.  I will hold the BTC that I own and add according to my plan.  Stay to coure and remember why you bought your alts in the first place.  If something fundamentally chages then I would sell.

If you sell your B2x on bitfinex will your BTC potentially be spent/sold aswell?

Absolutely, BTC price is destined to raise. But nothing goes only up all of a sudden, there is always going to be pullbacks and swings of momentum (temporarily). At this point in time BTC is obviously much higher than it was just a few weeks ago thanks to the China ICO ban FUD, but in terms of momentum the situation is very bullish as it's exactly in situations like this that BTC had its biggest price increase. I'm definitely not selling until the fork, and probably not even after it.

Most of alts has fallen badly, if you bought them at summer heights don't sell them now. For ex. ether was worth around 0.09 btc in august (300$) now it's worth 0.043 (300$). Many other alts suffered more damage,you've lost at least 40% of you portfolio in satoshis. Alts will have huge push soon or they will die (not so likely :) because the only point of holding them is faster growth then btc in time. My advice is - stay in alts...

Indeed!
This the best, safest and profitable strategy in my opinion too! ;)

when bitcoin gold was released , this time i have little amount of bitcoin . and i get btc gold equal of btc . and i think now price of bitcoin is too much high its not good time for buy bitcoin . if you have some don't sale those coin you will get equal coin .

OR sell them now and buy them back cheaper after a week  :D

My strategy last hardfork is to buy and hold bitcoin, because as I experienced last segwit, I withdraw all my savings in wallet due to as I expected bitcoin value were fall down. But it is wrong because it will raising up after segwit.
That's why this 2nd hardfork I buy a lot of bitcoin and I just hold it and now I was win win due to good decision and strategy I've been made.

You have a good strategy. But we are did not know yet untill the times has come what will happen after hard fork there are always two posibilities. Goes up or down. Many people say ethereum will goes up after bitcoin hard fork but the truth is we dont know it yet. Invest to coin you trust most..

What willl be the best buy prices.. after fork, I will also buy btg, segwit2x and bch for 40k dollars.

The fork has been called off and nothing has really happened to Bitcoin. Around 10% down and back to sideways movements so far. But it has only been a day so we will see how things develop.

The strategy was not bad but now there is not going to be a fork then it could be a good idea to get out of bitcoin and get alts instead, I would like to do the same but I cannot afford to take the risk with the amount of bitcoin I have but for those that can, getting altcoins seems like a good business to me.

Just move a part of your Bitcoins into altcoins. Keeping everything in Bitcoin is much riskier than diversifying. Be careful though and do proper research beforehand.

This thread shows how important it is to think strategically but act tactically and be always on the move for B Plans whenever the unexpectable happens.. look at this, everyone was expecting Segwit 2x and bitocoin to rise until the 15th November, then not only Segwit 2x was cancelled but Bitcoin Cash stole big portio of Bitcoin's capital and in a matter of hours Bitcoin is back to the 6200 range.

The important thing to remember, is that before any fork money is flowing towards the forked coin, after that the money flows into the forkee, and after the forkee the money flows back to the market (altcoins etc.) We've just experienced this, even though the fork never happened, there has still been a lot of speculation on who will eventually benefit from the entire fork. It was eventually canceled and money flew into the altcoins, so we've basically skipped the forkee part, because there wasn't any forkee for money to flow in (it was canceled). Make sure to be well diversified either way, if you're invested in Alts the money will flow back to it eventually, so maybe just invest a small % when a fork is happening.

Bitcoin would've dropped after the cancellation of SegWit2x no matter what Bitcoin Cash would've done. And the BCH team knew this, which is why they timed their wash trades with the cancelled SW2x fork so they could pretend that the market is actually supporting BCH over BTC, which is just a complete lie.

I'm totally with you about them trying to create a fake perception of people dumping bitcoin in favour of bitcoin cash, and I think they are not going to succeed in their plan.
However I am not sure about Bitcoin having necessarily dropped post fork.. there seems to be something else in the air, also would be too easy otherwise to make money by shorting btc after every fork via platforms that allow short selling such as bitfinex.

I think SEGWIT2X will be competing with BCH. good luck

B2X jumped from 0.17 to over 0.25 but for me this is pyre speculations and total madness to buy at this level. To be able to predict 'a real' price, we need to wait for the hard fork and see who will adopt the new coin.

Agreed, there was quite a list of supporters before they cancelled. I wonder if it happened how many would jump back in

Anyone could tell me when the Segwit2x start again? I'm confused now, Bitcoin has hit $8000 now. Do we should buy or not?

i have just received the email, i am so confused right now, i dont know what to do because the fork is going to happen today.. all this shit was unpredictable i was not even aware of that, i guess that noone of us was aware of this, maybe this is just another setup from all those chinese miners who are messing up the whole market.
why are they going to re-distribute those coins right now? why couldn't it be tomorrow, or sooner as the things go back to normality again?
This is a mess, and coinbase is the worst wallet that exists at the moment because it is full of bugs and you can lose all your funds in there.

The Segwit2x fork is not cancelled anymore and starts today? I don't where you guys have that information from, but I can't find anything on it and looks not very true to me...