Bitcoin Forum

As we all know come 16th November there are two coins, one we know as Bitcoins, other Bitcoin2x, initially I was using a coinbase.com wallet, but before Bitcoin cash fork I moved it to electrum wallet. Now my question is with this fork all but going to happen, coinbase.com has said it will credit equal Bitcoin2x and in electrum It automatically doesn't happen. In coinbase.com if I take a chance I don't have private keys and that's scary but the greed is there to. What should I do be greedy and go back to coinbase.com and post btc2x shift back to electrum. Or any way I can stay in electrum and do it. Need your advise and suggestions, something that can be easily be done and not at risk to my coins.

50%-50% , as per today the Bitcoin value is almost 7000 usd if I were you or anyone having few Bitcoins , I would sell a couple of them and hold the rest because you might never know the next morning you wake up it might be 1000usd or 5000usd.

you don't have to go all in!

for example in case of bitcoin gold, i wanted it fast and knew it will be a long time before i can sell my BTG if i wait for them to release something and then see if it clean and then spend and finally sell. so i looked for exchanges and find out a couple i didn't know and also Yobit. so i deposited a part of my total bitcoins in Yobit and waited to dump. and i did that near the top at 0.19BTC per BTG!

that way i both get something good out of that fork and also take a smaller risk. you know the first rule is to invest what you can afford to lose. and that is what i did. i still have more BTG which i have not yet claimed and price has fallen but i am ok with that since i already gotten a good deal.

You should also take into account the fees of moving your currency from one source to other.
Best is to keep everything with electrum and do a one time procedure for claiming the fork coins.

The fork is to happen at a specific block which may happen before nov 13 like it happened for bitcoin gold.
WHATIF your balance is stuck in blockchain in neither of the wallets :). lol. just messing. I would pick electrum over coinbase. but thats just me.

Would rather have my bitcoin in my Electrum wallet dude, just to be safe. And then wait for further instructions on how to claim your bitcoin through other means like in Bitcoin Cash. Or you can go deposit have of your bitcoin stash to Coinbase or any exchanges that supports 2x and shift it back to Electrum once again. At least you will not be nervous sitting your bitcoin in an exchange. That's what would I go come 2x split. However, does anyone heard of wallet that will support 2x though like Electron Cash or something?

I have never had aany issues with Coinbase. They are a legit company with millions of customers and FIAT use as well that makes them heavily regulated. They wont just "mess up" or lose your Bitcoin. Id stick with Coinbase for sure.

for this fork the best option is to hold your coins in cold storage in my opinion. things may get a little weird with the miners and how the hashrate is going to be distributed for bitcoin and in case there were any bitcoin2x fork.

i'd personally wait it out, specially since there has been no replay protection so far apart from the Opt In one.

If the free coins is about Bitcoin gold,then i would just hold my bitcoins in my electrum wallet itself as BTG does not have any miner support and its totally an unorganized project.I would not have taken risks fo claiming such shitcoin.

But now,this is bitcoin segwit 2x coins and it has almost 85% of miners support and some exchanges have announced that they support it.So,definitely it would be more worth and so,i would move my BTC to coinbase or bittrex and claim free bitcoin segwit 2x coins and then transfer my bitcoins to my electrum wallet.

Just playing the game a little bit safe.

My strategy with these forks has always been to sell 50% as fast as possible to get the highest price. {for some reason the price is always at it's highest, just after the fork} I always keep 50% in the event that I am wrong and the price goes up much higher later on. < I call this my 5050ForkHodl strategy >  

We have to cover all basis to maximize our chances of getting a good payday from these forks. ^smile^

I have received also the email was sent by coinbase regarding on the bitcoin2x which they would really credit equivalent on the bitcoin that you stored in on those times. This decision would really depend on you if you can able to handle the risk on using coinbase  on that time which you don't have the private keys of that wallet or would decide to move out into electrum which you have the full access on the keys.This is actually peoples preference or decision.

If coinbase has given a statement that it will accrue the number of B2x in your wallet then you dont really need to worry. But the best option out of all is to shift your btc to any exchange which supports b2x. You can easily trade your b2x this way.

Sometimes is better to play it safe..how about you deposit  like a little in coinbase and leave the rest in the place you feel secure ... Using one stone to kill two beds

I think you can go either way, coinbase is a popular exchange and so the risk is not that high even if you transfer your coins there. But yes, it is risky to have all of your assets on an exchange, if you are concern about it, then sure keep them in your wallet and there may come a way to extract bitcoin2x from the wallet too, it will be manual but still, doable.

Greed is always good. Isn't that some parable?   ;D

well i think it is better to play safe than sorry because btc2x has no replay protection so, making your money at risk i suggest that you should move your bitcoins in your electrum wallet to make sure your bitcoins are safe in event of hard fork and vulnerabilities or you can use coinbase if you want to claim your btc2x since coinbase is a reputable exchange and i don't think that they runaway like some small exchanges so, your coins will be safe in coinbase. anyway either of those two will provide you security only you will decide which is better.

I'm always a fan of playing it and not risking much but normally that isn't a big payer like risking it.

It depends on the person if he/she wants to risk it or keep it. but for me i will risk the half , because it can double or even triple your bitcoin when you try to risk it or have it as your loss but you do have your half whenever it fails unlike keeping it you are just waiting the value to get high or worst case scenario it will get low over time. Risking it will give you options for it.

for myself, i don't want to use coinbase and i think its better to use exchanges to keep our btc and if that exchanges support the segwit2x, then we should get free coins. i think it will be happen over and over when bitcoin need to hard fork in future so if we don't have any balance bitcoin in the exchanges then we can not get free coins. i think its not good if we are trying with hard by make arbitrage from one wallet to another wallet.

It will depend upon the risk appetite the person has. If the btc is not much and would like to take a risk then they can go with coin base and get the new coins as well. But if people feel risky and do not want to take risk of giving the private keys than better be safe and let that be in your bitcoin wallet only.

First.. change the title
Greed is a noun not a verb, normally you would say "to be greedy or"

Now back to the coinbase dilemma
With all their faults I think coinbase it's probably the safest choice when coming to exchanges.
If this goes down we all are going to be hit so it takes a few of the "risks" off.

But I would still go with electrum, then moving the coins to the dedicated wallet..

It is never been safe to have your own private keys though and yet I think Coinbase is safe as long as it is say it is safe and remain its status that never been hack exchange then it is fine but if you are holding a huge amount of Bitcoin in your holdings it is much more better to have it to your electrum because at any means necessary you have the full control of your Bitcoin and you can't blame anyone at the end.

Not that my opinion matters but what it think is just bet the money that you can afford to lose. This is a risk you will be taking the higher the risk the higher the return but if you wanted to play it safe with a little profit i suggest you do a ratio of 60:40, 60% will be taken to coinbase, the other stays with you. So with the amount of bitcoin that you have i am betting that you acquired that back when the price is still low so by now you already gained a huge amount of profit. Now by taking the other 60% to coinbase you risk that hoping for a bigger profit and if worse comes to worse you still have something on your hand. Not a total zero.

Just think it in other ways like in another point of view. If you didn't keep your money in coinbase wallet (as we know they are a pretty big company and old) And they did pay Bitcoin2x then you will be sad, so keep some amount of your coin in there and keep the most amount of your coin in the Electrum wallet so you will be safe and you can take the required risk.

It's not greed, it's greed and pressure to have the money right here right now. You just want to spend it, right? Buy yourself something to brighten up the mood.

Take it slow. You will get the forked coins anyway, the only difference is that you will probably have to wait a couple weeks before they allow for deposits. It's like with bitcoin gold. It will get credited on most exchanges and the deposits will be open allowing you to sell, just wait in line. I think it's much safer to wait and fight your greed.

For those who have their coin on exchange site and those of us who have ours on offline wallets or even those on web wallets will still have access to the btc2x at one point or the other but the concern is on the basis of timing. While those on coinbase will get theirs immediately but there is a risk attached which can be coming up with a policy without any prior notification in which freedom to use might be limited (learning from the actions of Bittrex).

For that, I won't mind getting mine later taking safety above greediness. Personal opinion though.

I prefer to play it safe, there will be a way to get those fork coins later, if you got a big amount of bitcoin it is better to play it safe, dont because of the little sum of money and greed, you lose all of your money and we still dont know how worthy is the bitcoin2x will be, I don't think it's worth the sacrifice

if you choose to be greed theres a lot of risky to being greedy than to being play safe..... yes in greedy you can profit in huge amount but in few moment you can loss your fund unless in play safe you can profit in small amount but this is sure to take income..

Anyone who thinks this fork is going to be like anything we have seen before. Then you are highly misled. This fork is likely going to be the messiest fork to date. Just from that perspective, don't go all in as there is a high chance of one side being completely obliterated. In that case what do you do, you might even even lose value on the one coin. If  we successfully get two chains, I suspect a lot of people won't like the outcome. But hey, its your money in the end.

Well with the best of my knowledge about coinbase, They are an international exchanger and I know may people who have been using them. They have been active. But that does not means they are 100% trusted. I will not advise you to go back with all you have.

Better is to play safe, but sometimes being greedy can be better then playing safe.
This is endless cycle and from time to time better is to test or to change or use both depending from situation or need.

Greed and safe play are working together use them from need to need.

If you ask me always is better and smarter to play safely and at all costs avoid the risk or reduce it to the maximum extent possible.There is nothing safer than to have complete control over your private keys,I personally do not believe in any online service so neither to Coinbase.I would still keep my BTC in Electrum and wait that hard fork is finished and for official wallet for new coin.In that case there is some work to be done in order to claim new coin,so I understand that keeping coins on online wallet may be a much easier way.The risk is sometimes worthwhile,yet it is the decision of each individual.

Yes, my friend. There's a fork this month. That would be a good investment opportunity. I think it will be the same as the previous ones, and we can just hold bitcoin. For your concerns, I would say you can also stay in the personal account of the exchange, which will automatically assign the fork to you.

for me i will play it safe, i will place half of my bitcoin or the amount of bitcoin i am willing to get free coins for me in coinbase, since it will benefit me as well, and as for the other half or the bitcoin that is left i will hodl it, just make sure that you will have a definite plan,in any case something you don't want might happen, you still have saved bitcoins on your electrum wallet. if you plan to be greedy, and place all your coins in coinbase, there is still an assurance that you will gain profit, just check yourself first if you are willing to take the risk or not, but if you are still hesitant when the time is near, i suggest you try 1/4 of your bitcoins, for you to still gain, and do it for yourself and don't blame anyone regarding your decision, since that will be the plan you are going to do.

This year it already the third fork. It seems to me that it makes no sense to reinvent the wheel. You need to act as before. I have not heard that anybody had problems after the previous forks. I have already received an email letter from wallet blockchain from the fact that they will take all the precautions and there will be no Apocalypse.

Would you like to consider buying altcoins before the fork rather than wait for the Bitcoin2x? I observed that altcoins are very cheap before and during fork and instantly rise after the fork when users already get their coins from it. You only need to choose a good coin to buy and I assure you that you will have a profit within a week after the fork.

Calculated risks is the best strategy. Street smarts, market research and luck would almost guarantee high returns. Being greedy is not bad, per se, as long as you did your homework.

For me it's better to play it safe, because being greedy is too risky and there is a chance of losing all your investments. There may be a chance to become greedy if you think you will succeed 100% then play it safe again. Just only make some time but not always.

I suggest you're going greed man. At bitcoin, as you can see, people wished they have been greedy in the past . If it happened , they already becomed millionaire for now. But it's your capital , your choice, so you could take my advise or not , depend on your decision.

I will play safe... by holding them...

Of course I cashed out a small portion to be the pocket money and enjoy the ATH, but I would not go for exchange for something without replay protection.

Yeah your right. It's better to play safe because now bitcoin is in the status of unexpected price. Maybe the price of bitcoin now is enticing because of it's higher value but fork is one of you need to considered now because there are possibility the value of bitcoin fluctuated to the lowest price of it. But who knows. That's why we need to play safe rather that to be greedy.

I also do, if greedy by ane it is not good. because greedy it is very make us become a loser. we should be grateful for what we have today. because of all the gifts we have to take advantage of.

Greediness in any way is not good whether in business or in bitcoin transactions. Sometimes it is the reason why you fail because you are already covered with emotions instead of intellect. I'd rather play it safe and earn a little than play it with greed and end up with nothing.

Swimming within fast waves with high speed is not a greed, I think it is the need of the time. We must have to focus on time and we should have to adopt the speed and way out of market nature so in business you need to take decision immediately especially in case of investment in something.

On the time of investment you should not have to waste more time in thinking but if you are going to sale out so think for a moment that you might it gain again with less price.

This was expected after a massive bull run, BTC is heading south , BCH is on pump now , that too will meet same fate , actually investors are using BCH like hedge product to park their gain from BTC , they are now making BCH the new speculative king :P , though there are plenty of potential coins but rumors and speculation win 

Riding with what's will be the fate of this investment is not just greediness but an strategy to earn more, we can just take any opportunities that we have that let this passed from our hands, I do see that people around crypto have mentality which is wiser than any business persons.

Now b2x is called off I think it’s best time to withdraw some of your profit and also buy some good potential altcoins Nebuchadnezzar is really dumped hard and price too less.

play it safe because if its play greed sometimes you fail so its better enough to play it safe thats why you can be in the good game no failing no regrets

As for me, it is always best to play safe generally. When playing safe, your risks are divided; however, you only make small profits. But when you are an aggressive investor, your risks may be higher than usual but you can make big profits out of it. You just have to push your luck every so often and see for yourself when is the best time to let lose.

you should be careful and not too greedy, always play safe is the key, because no one ever knows the future,
there is still the possibility that the 16th november will be canceled or delayed, and consequently people will sell bitcoin again and bitcoin will drop drastically again

Do you think BCH be able to sustain this rally for a long , ppl are just running from one pillar to other after BTC exposes itself to fork drama. its better a currency grow slow and steady , but if it climbs like this its just speculative trading and no serious reasons behind it

It is not a great idea to be greedy at all. I guess it is better for you to play it safe and smart.
Play greedy and you have 2 options, big loss or big profit. Play safe and you will only have 1 options, small profit.
I guess there are ways if you want to play greedy, but i dont suggest it so much, it is just a way that i have been thinking of since reading this topic. Okay, first you must know what your initial investment, and then take a profit you desire, and if you have bitcoins left after the profit taking, then that is the coins you can afford to lose, use them to play greedy. This way, if the fork bring us success, you will still get some profit of it and the chance of you going lose so much money will be minimal.
But still, i dont suggest it, i prefer small profit but safe.

The future of BCH is already known from the beginning and its going to crash their money so hard, it's just too artificial with respect to its overnight growth and the earlier people get scared and dump the better because it is no bitcoin and can never be.

There has to be a balance of risk taking and profit taking. Get too greedy, you might just lose it all, get too scared, you might miss out on huge profits. The cryptocurrency space is so volatile at the moment that no one knows what is happening or where it is heading. Well us small people anyway, so best to make sure you come out on top as best you can. I now prefer to work for digital currency and Bitcoin and from now on plan on cashing out 50% of whatever I make for survival then I can gamble the other 50% for longer or shorter term plays.

I think to define greed or to play safe the good answer is there are two things which are very important first thing is price and second thing is time always play on right time and check the price if you understand these two things so I’m sure you will be a good player in bitcoin and there is no doubt that you will always take a good profit.

I would say , mixture of both .
The word "greedy" might sound too inappropriate here , i would use "opportunist" here .
If you are a bitcoin user you need to play smart and for that you need to look out for best oppertunities to grab . Doing trading with appropriate skills at the right time by looking at the price can give you some amazing profits . Whereas if you are too lame to understand things then just hold bicoins , gain some profit and enjoy.

I think that you should not go back at the option as the coinbase.com is the largest site in terms of trading forums for the cryptocurrencies, so to me it seems that the offer is nothing more than deception.

If you would go back to shift the other coins into electrum then it might get possible that the possibilities of recovering get close totally and you well have to face a great loss. So all I have to say is to be not greedy and take the chance you have already in hand.

Just follow the flow and play this because of greedy to much it will might to lose you because if you greedy to sell your bitcoins maybe you'll regret someday because i know that bitcoin will going rise again just be patient.

Investing in BTC is a great risk itself, we should not add another risk by being so greedy that leads us to play all the cards that we had. Anyways, it is okay to sell the BTC that you have in this all time high price of btc ($7000) but as the other answer, I agree that we need to keep at least half of it for the continuation of investment and maybe (high possibility) that btc will raise up to $10000.

I think we must go half way for us not to disappoint the half of our bitcoins will be invested in projects and the othe half is to keep it or Change into fiat or real mobey.

Yeah it all depends on your risk appetite....doing it 50-50 where u keep half and go greedy for the other half is usually considered a safer option.

yeah just look at the market recently , it's down to $6,500 few days ago but recovered to nearly $7,500 now! when you being opportunist you could gain that $1,000 easily , but of course you need to have a skill on market analysis. otherwise things could went wrong . play safely and you might wouldn't get a nice profit but it's worth when you think you have no ability to do that.

Greed, is a little world in the cryptospace, the more you HODL the more you rich

It is very likely, And if you do strategic trade than just HODL it could make your money double in no time.

Don't be greeey to much because it will caus you to loss your money just go the flow and play it safe i thnk if you dont scared about that and dont greedy you will get a huge of money someday if you have a patient to wait.

it is more good if they or you might play it safe than being greedy we know that if you are greedy it will push you more to get a lot of profit , but playing it safe because too much greedy is not good lots of emotion will get into you so better to play it safe.

Hi,

This fork was quite strange and disturbing I think.

Anyway in such cases, I would personnally advise to stick to what you know and is recocgnized as legit by other bitcoin users (such as the website you take as example) and avoid beeing greedy. Ok, if you invested in bitcoin in the first place, it was to make profit out of it. Nonetheless, betting on such moments and trying to be smarter than the developpers and most players is, I think, a very bad idea.  ;)

Hi. I want to go big or go home. Im holding all the way

In investing when people are getting greedy, it is time to let go or sell your investment and when people are not buying any investment it is time to become greedy.  I do not know the exact terms but it is like that.  I will become greedy but with limitation and to which I can afford.  I will buy as lon as I can but at the same time, I will keep them just to secure profit.

For me just play it safe greediness can cause problems.

basically humans are never satisfied for what they already get. but different here, I participate bitcoin just to make investment in the future.
because the future needs sufficient supplies, especially the cost of living

I am more into playing it safe also. We should not be greedy because greediness doesn't bring any good or positive results because it often gives bad or even worst case scenarios results for us and it is better to just play it safe to have assurance that the things is still okay and there is no harm for us to lose something.

It is the right and the well decision  if you will hold for the long time because the bitcoin value and the price is now increasing more and the more if you want profit . I am making the bitcoin value and the price I can see the bitcoin In now increasing I am making the high value I can see the bitcoin is getting famous and the bitcoin is being more famous now it is the new age for the bitcoin.