Bitcoin Forum

hey guys, i just want to know what to do with my bitcoins against the next fork coming Nov 16. I have some bitcoins with casino websites, should i move it out or leave it there? Thanks.

Unless the websites have explicitly stated they'll be distributing 2x coins, then you should withdraw them to your own wallet (one which you control the private keys to, such as Bitcoin Core or Electrum) before the fork block. This will allow you to split the coins yourself at a later date. Make sure you follow a guide when doing so.

I have been using blockchain ever since, will bitcoincore or electrum distribute coins? And are they reliable, just want to know bros.

Here comes the next fork, and this is another chance. I think it's going to be the same as the previous ones. But your bitcoin is best placed in the stock exchange, that will automatically assign a fork to you.

I would recommend not using blockchain.info at all, they've proven to be a pretty terrible wallet at times. Bitcoin Core and Electrum won't distribute coins for you, you'll have to split them yourself. If you don't want to do that, you could consider storing them on one of the exchanges that has promised to do that. I'm afraid I can't think of any at the moment.

i suggest you should move it to a bitcoin wallet or online exchanges that supports the forked coins in order to get free forked coins equivalent to your bitcoin balance though , i think its just safe to leave it there if you dont want free coins but for sure they will be temporarily disabled the withdraw and deposit function the day or after the fork begins to avoid any unecessary errors and problems that might occur to your coins.

you should not even leave your coins on "websites" no matter what they are or how safe you think they are. you are leaving your money with a third party and that is risky on its own regardless of this upcoming fork.

as far as this fork is  concerned the casino websites rarely bother crediting their users what they are owned if there is a new fork and new coins which means in case you want your new coins (bitcoin gold, segwit2x, any other future ones like silver!) you have to withdraw to a wallet that you control the private keys of, or withdraw to some place like exchanges (although the same risks apply) which will give the new coins to you so you can sell them fast if you want.

Can you pls recommend some reliable exchanges

It appears that GDAX will be supporting the split (https://blog.gdax.com/update-on-the-bitcoin-segwit2x-hard-fork-61c3da62eb5), and GDAX is basically the exchange behind Coinbase.

These private key wallets wont distribute B2X on their own you need to claim them. Once the b2x platform wallet is ready you can log into the wallet with your blockhain private key. This way your B2X wallet will show balance of segwit2x equivalent to the number of bitcoins you held in the block when snapshot was taken for hardfork. If you want an automatic credit try some exchanges which support B2x
.

if your wallet support hardfork just stay in there but if its not supporting hardfork just move to other wallet just support with hardfork to get free bitcoin gold or segwit2.. but if you not interested to have a bunos of bitcoin gold  segwit2 nothing to worry just leave it there..

Yes GDAX is good apart from GDAX, hitbtc is also supporting the fork they even have ongoing trade for b2x that can be another good option too. We need to wait for statement of other major exchanges regarding the fork.

Even if a service explicitly says that they will support both chains, a lot can go wrong. It's always safest to withdraw your coins to addresses that you control. Coinbase took several months to deliver customers their Ethereum Classic, and they still haven't delivered Bitcoin Cash from August, either.

With the lack of replay protection, if there is majority hash power on the 2x chain, I expect a lot of chaos directly after the fork. That means deposit/withdrawal delays and even market freezes on exchanges. I'm going to sit the whole thing out and hold both legacy coins and the B2X coins until the dust settles.

First things first. ATM, it is not 100% sure there will be fork at all. If I d have to bet, I d bet against it being a major event.
To tell you the truth, maybe major miners backing down on this fork would be a good thing for BTC.

Still, your best option is to move your coins to your PC wallet where you have control of your private keys. If you do not control private keys, you do not control your coins. After that, you can only wait and see what happens.

There will 100% be a fork, and people should be worried about it. I highly doubt the big Chinese miners are going to back down from this.

agreed,move your bitcoin on your wallet its more secure there,dont trust any sites than your wallet,,coz if ever theres a system error when fork comes,you will only needed one site to check its your wallet.so better do it now foz fork is too soon

Indeed. But people keep talking about miners as if they are dominated by short term rational interest. A lot of people are conveniently ignoring that Bitmain likely controls a majority of the hash rate, and perhaps considerably more at full capacity.

Given their support of fork shenanigans over the past couple years and their sustained efforts against Segwit and in support of Bitcoin Cash, I think we can expect that they are operating on a very long time line. Fork chaos and replay attacks in the context of high difficulty for both BTC and B2X might make Bitcoin Cash appear as the logical solution. As much as I hate to say it, the BCH chart looks even more bullish than the BTC chart.

it all comes down to how much bitcoin we are talking about here. with different amounts you can do a lot of different things.
if you have a very small amount then it is much easier to just leave it on the exchanges to receive the small equal amount to sell and increase the amount you own.
if it is medium amount which is something that gives you bigger amount than the fees (eg at least 0.01 worth of new coin) then it is still worth it to keep it on exchanges.
and if you have a very large amount then you can deposit a medium amount on exchanges and keep the rest in your cold storage to claim the new coins later on yourself. but still receive something in first wave.

Bitcoin core is good but it is a heavy desktop wallet and unless you are willing to donate a huge Gigabyte from your system for that, then you should just go for electrum instead. The essence is having your assets in a wallet where you have access to your private keys and electrum gives you that access.
However, there are some other online wallets or exchanges that could have sent out messages on their plans of giving out B2X, so if you feel you cannot handle private keys, you may just leave your funds there and wait to receive the other chain after the fork, but it is not really good leaving your funds in a centralised wallet in moments like this.

Some exchanges lie coinbase,CEX.IO,HitBTC have announced tentative support for segwit 2x.But still,it is not advisable to store bitcoins in any exchanges during hard forks and even at normal time.

Segwit 2x activation and hard fork as a result of it is entirely different from other hard forks.During other hard forks,every one knew very well that it would not succeed in replacing the original bitcoin and so,free coins could be got.

But this time,this segwit 2x activation is even expected to replace the true bitcoin since it has majority of miner support.If it succeeds,then surely there would be a big chaos at that time.

There is only one logically sound thing you can do pre-fork that yes HODL. By doing this you not only receive equivalent coins from the new fork but also with some patience, get more value out of your held Bitcoins as witnessed during the last two post-fork periods. This could be the best case scenario, obtaining utmost value from your Bitcoin unless otherwise which is if you decide to panic sell.

I'll hedge my bets and just hold on to both forks and let market forces (or more likely political forces amongst bitcoin magnates) win.

I'm surprised that this fork is still going ahead. I thought that bitcoin cash was the fork for the big blockers. So what is the point of Segwit2x? It offers no real technical solution to the blocksize issue that we have with two forks, one being addressed by the Segwit core/blockstream method, and the other being solved by the original satoshi vision of data centre sized mining nodes (bitcoin cash). Perhaps I misunderstand bitcoin cash.
Nobody ever managed to convince me that segwit was nothing more than a clever engineering method to turn what would could have been achieved in a hard-fork into a soft-fork.
I understand that the NY agreement was attended by the Blockstream investor, Digital Currency Group, and Miners and other influential bitcoin representatives and not by Blockstream themselves. In reality, the NY agreement was just the HK agreement reiterated, but with a timescale due to a lack of confidence from miners and some other influential bitcoin players that Blockstream may not be truly committed to a blocksize increase.

So I assume this means that Blockstream are not onboard with segwit2x. So why is it going ahead? Are we going to have segwit4x and segwit8x forks, because it does not address any fundamental technical problem?

Or is this fork still going ahead because even DCG themselves are frustrated with Blockstream?

I am holding bitcoin in exchanges where there is no extra effort required to get new coins hopefully I will sell the new coin I got from fork like btg I already sold and now b2x I will sell and hold bitcoin for some more time to get price rise like happened with last 2 forks.

To be sure, have your bitcoins placed on your wallet, just make sure that
your wallet supports the new token for you to have the token from the fork.

I think if your bitcoin is on the exchange much better to transfer it to your trusted bitcoin wallet immediately before hard fork, we should keep our bitcoin in the wallet which were holding our private key and you will be able to received new fork token.
There are no exchange confirming that they will supported by segwit2x, we need to be wised and do not risk our bitcoin holding on every exchanged.

If the casino website is not going to split your fund, i don't think they will do, move your bitcoins temporarily to a wallet that will give you free bitcoin gold coins automatically or do it your self by installing the required softwares . Keep your bitcoin in a wallet that you control its private key and do a back up since we never know what will happen later.   

Bros, am hearing this for the first time. "do it yourself by installing the required software". Pls can you explain to me how to do this.?

You can just leave it there if you don't want to get the 2x coin. I don't think the casino will give you the other coin as it's too much hassle for them to do. If you want to claim your coin, move your coin to other wallet like electrum where you have the private key. You can also move your bitcoin to some exchange that plan to support 2x (if i'm not wrong hitbtc support it).

Let me shed you some light:

The last fork that happened was on August 2017 and that fork significantly dropped the price of bitcoins to around $1900. The bitcoin fork split bitcoin into two currencies, namely bitcoin and bitcoin cash. People were skeptical and reluctant at that time, so they withdrew almost all of their bitcoins, thus resulting to an increase to the supply. But after like 2-3 weeks, the prices started increasing and it skyrocketed reaching $4000. In our current situation, it totally depends on your preference whether you want to risk it or not. Also, you need to consider your goal for your investments either for short or long term and obviously, cash it out if you seek short-term profits. Personally, I would not cash my bitcoins as I believe that by next year it would reach the $10,000 mark.

As far as I know those site promise that our bitcoin will be kept safe during the hard fork in fact other offers equivalent value on the segwit2x or bitcoin gold so we don't have to worry just sit back and watch whats gonna happen on the fork I just wish it would not affect the good price bitcoin has today it's really high and very valuable I am excited on the fork.

It is up to you, do you want to get the free coin or not? And then you think that the new coin will be valuable or not? But most of the people will move their bitcoin to get the free bitcoin and I think it is worth to try, after all it is a free coin and it only took 24 to 48 hours to get the coin

I remain confident, what happened in the first HF and there is no problem with my Bitcoin, I just do not do the transaction and keep Bitcoin in my wallet safely, and with this second HF will still do the same thing as last month.

thanks for all your advise, i think you have opened my eyes to make a decision.

I am not sure about which casino your using or are they giving free b2x for your holding as if now i am moving my all holding s to exchanges where they already announced the supply of free b2x for the bitcoin holding currently i am using Hitbtc.

If you want to receive Free Coins In the next hard fork you will know if the casino will give you coins to be generated because of the hard fork. If No answer is withdrawn Mona and put in the Wallet supported hard fork and of course you have to hold your private key. In order for your bitcoins to be more secure and it is hard for hackers to get it. Do not just lose your private key because that's the key to unlocking your wallet again

It's better to move all your bitcoins into the wallet or exchanges that support the next fork, because you can get free money after the fork and I think almost all bitcoin user do this, hold their bitcoins until the fork end. If you don't care about the fork, then you don't need to move your bitcoins from the casino.

You might have heard that before, but i will repeat: make sure to control your private keys. As long as you control them, things should be easier. I also don't recommend anyone to move Bitcoins after the fork. It is better to wait a few days until the dust settles. I personally sold some of my coins as i see that fork little dangerous.

It is not the tough task because now the bitcoin exchange is all time available and the bitcoin price will increase more and more I hope in the future a lot of the people will hold the bitcoin and they will get the profit with the fast and the cheap exchange. It does not take the much time to invest and then to transact because now the bitcoin value and the income is growing with the growth of the transaction.

The safe way to store your coin is in a wallet which you control the private key. If you store your coins in exchanges, online wallets and gambling websites, you don’t have control over your coins. It depends on whether the company is willing to credit the free coins to its users.

as far as this fork is  concerned the casino websites rarely bother crediting their users what they are owned if there is a new fork and new coins which means in case you want your new coins These private key wallets wont distribute B2X on their own you need to claim them. Once the b2x platform wallet is ready you can log into the wallet with your blockhain private key