Bitcoin Forum

Unlike previous bitcoin hardforks, the forthcoming SegWit2X is not going to be peaceful one. This time it may not be like it was before: price of BTC rises because everyone wants their free coins, then fork, then total euphoria and price rises again.
With this one, miners will have to choose which coin they use their hashrate for. Investor will have to choose which coin is more valuable. This will cause price turbulence, and noone knows where it would take us.

Here are some articles
https://www.coindesk.com/split-no-split-bitcoin-miners-see-no-certainty-segwit2x-fork/
https://medium.com/@CobraBitcoin/there-may-be-3-chains-in-novemeber-true-bitcoiners-will-never-surrender-238373f08035
https://www.yours.org/content/predicting-the-outcome-of-the-november-bitcoin-fork-89914ce0e1f5/

What are you going to do when the Day comes?

1) HOLD bitcoins
2) Temporarly switch to altcoins (Ether, Lite, ...)
3) Sell BTC for USD, than buy back after the fork.
4) Swtch to Bicoin Cash hoping it can go 3-10x
5) Other option.

I've cashed out all I had yesterday for $10k AUD each. I think the "free money" is a red herring and there's more chance of both chains combined being valued less than BTC today alone, than there being two highly valued working chains post-fork.
I'll be in cash and on sidelines assessing the market, then maybe put some in alts till the dust has settled.

I'm not very comfortable leaving funds on exchanges. And since there is no replay protection, I won't be in a rush to move either BTC or B2X. I will be keeping ~10% of my coins on Bitmex to 10x short hedge BTC if necessary. I will also be keeping a close eye on BCH for short term opportunity to profit from all the chaos. Part of my portfolio is allocated to ETH..... if BCH looks bullish through all this, I'll move some to that.

If there is a significant hashrate split, then both chains will be less usable and less profitable to mine. Price may follow. Depending on what the chart looks like, I might accumulate some BCH before the fork. It feels dirty, but I'm being forced into a position where I need to hedge in any way I can.

How about HODLing your BTC is a paper wallet or a mobile and desktop wallets where there is little chance of interference. Then wait for the dust to settle and do whatever you want with your coins. If you get free B2X well and good. If not then you still have your BTC. Seems simple to me. As long as you do not panic then all will be well. 

Im pretty confident that the original bitcoin core chain will be the one voted by the miners as the future high valued fork and not the new altcoins. But I think you have taken a good decision in cashing out. I will not be astonished to see if there is a price crash after the fork or maybe before the fork as well the fluctuations will be seen.

Keep an eye on the price after the fork. I am sure there will be people selling and thus a good time to buy some bitcoin and maybe some altcoins as well.

Doesn't matter, i will still keep my bitcoins with my private keys. Worth taking this risk.  ;D

Can i just confirm with someone... if i hold my btc on the core fullnode wallet 0.15 this means at the time of the 2x fork i get 1 x segwit original coins and 1 x segwit 2x coins?   My coins right now are held in an address that starts with 1, does that make it a non segwit address etc? does that still make me get both coins at time of fork?

Yes, your existing coins will exist on both chains after the fork so you will have equal amounts of Bitcoin and the new Segwit2x coin. Having a segwit address starting with 3 is irrelevant to the fork, the whole blockchain will be duplicated. Having a segwit address would just allow you to send a segwit transaction from that address.
The only thing you need to concern yourself with is the actual process of splitting off the coins after the fork as the lack of replay protection complicates this a bit. Do a bit of research into this before attempting to do it.

Im thinking of a 50/50 split for my bitcoin.
Im looking at cashing out half to tether and
holding the other half in case something really
weird happens like both forks showing healthy
values and get some free coins.

1) option 1 is what I always choose but it is only because I have invested what I can afford to lose nothing more and nothing less so I am not worried about what might happen. and I believe that I am good enough with risk management to know what I am doing, at least I have been successful so far.

2) this is not an option at all. if bitcoin falls altcoins will fall harder. besides alts are pump and dumps anyways so it is not worth even thinking about them as investments.

3) this is for those who want to risk it. they may miss out on the rise because the drop may not last long enough for them to come back and buy.

4) I wouldn't say "switch" but investing something in it is not a bad idea only if you are a trader. BCH is getting pumped hard these days and it is a good profit.

5) there are other altcoins like BCH which are getting pumped these days ;)

The last article is the most bias content ever. Why is he bias? Of course, Ryan is one of the proponents of bcash, he actually predicted every chain dying but not bcash and never considered other more capable altcoins to take such place. meh

I've been careful about this split since the first time I heard about it, maybe in May or so. I see that people are cashing out and choose to be careful. I did so too a while ago although I could have waited longer and get even cheaper alts. But it's fine, I chose my way.

I read the articles and I don't really agree with them. Maybe I'm being naive, but I don't really believe in any of those scenarios because bitcoin is way ahead of all the other coins.

I'm not talking about technical stuff here. A lot has been said about that, and although bitcoin definitely needs some development in order to solve the scalability problems, and I also agree with the need to do some changes on it's proof-of-work function (PoW) and it's DAA, since it won't be sustainable to keep mining bitcoins like that in the long term (talking about energy costs and environment here), I don't think that switching to bcash will be the option.

If we talk about profit, we all know that the bitcoin price will skyrocket once institutional money gets into bitcoin. We all saw what happened to the price once the CME Group announced it's intentions to trade Bitcoin Futures by the end of the year. Regulation is also happening at a good pace, and things are looking good for bitcoin right now. I think the whales can easily see, that staying with the original chain, and not promoting some kind of crash in the price is the best option here, because it will send a message of confidence to investors.

Updates will happen, but they can't be rushed by these takeover attempts and coin fights. If a crash happens in bitcoin right now, everyone will lose faith in it, because we will all look like a bunch of greedy cowboys that cant reason with each other. Who will trust and invest in a market like that?

We already have to deal with governments and bank attacks, if we also fight each other and manage to crash bitcoin in that process, then we have no chances in surviving. I believe in bitcoin, and I will just hold my coins.

I really don't know , I'm planning to cash it all out, It's just really frustrating and at the same time my super sensitive self is coming out when things like this is coming. I want to Hold it but i want to cash it out, I am torn between two choices, I do have a little waves, i think it will survive later and i will generate profit from it. But my only choice and my only surviving choice is to send it all to Peso Exchanges and convert it into fiat.

I'm holding BTC in a local wallet (not online, not exchanges) and an almost equal amount of Bitcoin Cash. I'll just wait until the dust settles, especially because the upcoming split may be not peaceful.

Well, don't see some reason to switch to bitcoin cash, I don't think that it has very bright perspective. And I don't also see the reason to panic sell the bitcins for fiat money. No matter all prediction sI don't belive that something so dramatic will happen and I will hold my bitcoins. I expect some corrections in price, that is for sure but I will not sell. Though I will not keep bitcoins on exchanger, don't feel much comfortable about it.

Thats the really the most devastating advice ever heard. Around more than 10 days to fork and you have cashed out to fiat when experts are saying that bitcoin might reach $9000. Even if see after the fork effects bitcoin price might face a correction which is due from.past 2 months but taking money out at this time would be much foolishness I think best is to cash out immediately after fork within minutes if you can.

In the long term, I suspect money will flow to legacy BTC. However, I do see a situation building where the increased difficulty on the BTC chain, combined with the 2x chain split, could make the situation really bad for both chains.

Bitcoin Cash is also changing the difficulty algorithm to remove the EDA, to be more like the original Bitcoin. This is a calculated move IMO, given the timing. Bitmain and company are trying to build the narrative that both legacy BTC and 2x are not the "original vision of Satoshi." And it looks like they are going to use stuck chains and high fees after the fork to help further that narrative. The game theory..... interesting stuff.

What is segwit2?

How do you think - will it be a panic sale before the Segwit2x come due the risk of Segwit2x will occupy the main chain?
What right decision? To hold your BTC on cold storage?

So what's gonna happened to our btc in blockchain.info wallet after the hard fork ? have already protected it with 12 words phrase . Will I be getting the same amount of B2X in it or is it gonna replace my existing btc ?

Seems like much confussion around this forking around.

I think most folks will be like me and say fork you!

I be keeping my bitcoins hardwared, fuck you forkers.

There is much confusion with this; and much separation too. I mean if the plan is to sell it all our to buy it later what if the price does not drop? what are the chances the price rises even higher that already is?

You just made someone to haste the upcoming decision.
My mind is not yet set and I dont want to lose either.
I guess withdrawal have been the best option for most but I would rather keep my bitcoin.
A lot of forks had come and this one is a huge one since it had been talked even before other forks.
I just hope there will be one option where you dont have to be on the 50-50 side.

I have saved not so much bitcoins yet, so my plan is to hold. Cashing out will make richer only big investors who have money to buy bitcoins now and in the future they are going to be super rich. I am going to be one of those people who become rich with bitcoin.

With or without hardfork my decision is firm, I would still hold and keep my bitcoin safe in an offline wallet. And obviously most exchange sites will be frozen and are not able to make a deposit or withdrawal at that time so it is just better to hold on to your coins instead.

Blockchain.info is not reliable now. They said that they approve those BTC which have the most hasrate: B2X or BTC. They dont give you free fork.

If the price really go as high as $8000 before the hard fork, then I will sell some of my stash and took a vacation someone and let the other half of my bitcoin in my hardware wallet. I won't go back to altcoins, maybe just a few ETH along the way but that its. And after the fork, it bitcoin really going down the pipe I will buy more. I will only get bitcoins though, no need to switch to BCH or any other altcoins. I'm only seeing bitcoin as really good investments for long term. And I only go for ETH as well, don't want to go to altcoins and lose my money.

... that's not the truth. From blockchain.info blog, quote:
If the minority chain has significant value, we will make that value available for customers to hold or exchange for a period of time, as we have done with Bitcoin Cash.

It means, blockchain.info monitor new (second) blockchain after fork and if it has any value to bother programming work, it will be available to BTC holders (holders at the time of fork). Blockchain is slow in this matter so, do not expect access to new crypto immediately.
Alternatively, you could move some BTC to exchange that gonna add new crypto immediately or after some hours.

Do you know if with Coinomi wallet I will get both?

i have say people will always be compare the upcoming hardfork to the latest hardfork which is the results from the previous one is makes bitcoin price better and i think this is not so different even if there are some exchanges who declare to split bitcoin with bitcoin silver then i'm pretty sure people will starting to bought bitcoin and save into those exchanges but i personally i won't change my decission that only save small amount of bitcoin into my local exchange and convert the rest to my local currency

i will choose 2,  i can switch into some different altcoin which has good review.
i think its the best that i can do

Bitcoin Cash is the superior coin?

You do not have the power to decide this, who decided this is the market.

Bitcoin Bitcoin (BTC)

Rank 1

Market Cap 

$120,722,359,006
16,668,212 BTC

Bitcoin Cash (BCH) - Altcoin and it will never be bitcoin.

Announcement: Bitcoin Forum > Alternate cryptocurrencies > Announcements (Altcoins) (Moderator: mprep) > [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees (https://bitcointalk.org/index.php?topic=2040221.0)


Rank 3

Market Cap

$10,342,431,869
1,435,212 BTC

---

You created this thread and posted these links only to promote BCH.

Exactly, shilling hard for an altcoin. Creating FUD. Not cool. Even if the B2X or whatever it is AND Bitcoin drop dramatically, I don't think either of them drop to whatever the ATH for Bitcoin Cash.
I will HODL...and probably sell my altcoins to fund buying more BTC if it drops. Right now, my BTC is in cold storage. I may move it to an exchange at the last minute.
Still plenty of time left to see what's coming, educate myself and ignore FUD.

I don't feel that any altcoin at this point will pump and not dump soon after. I'll hold a few minor coins because they won't get me enough BTC to make it worthwhile and they're long-long term HODLs anyway.

Nothin but time to watch SegWit2x Futures.

I have no idea, it's hard to predict what would happen after the fork, but it's almost certain that BTC would get dumped and it's value would flow to fiats and alts once more, i don't have bitcoins left for option 1 as my portfolio are locked into alts and they are bleeding since segwitx2, option 2 is what i'm would do when the day comes as i expect more cash flow would get into alts and ETH might regain its strong position again considering there are so many new ERC20 tokens from fresh ICO are undervalued/dumped along BTC rally. Really not into Bitcoin cash though i didn't research much on that, selling BTC for USD would be what most of the people would do i guess, it's literally 50% profit for those holding from 3-4k mark.

It's hard to predict because there is a lot of FUD out there. The safest way it do HODL BTC but when you're in alt you are, indeed, a little forced to HODL alt...

I'm in ALTs 100%

Obviously the ALT's are really battling to survive this which is not really a good thing. But yes. HOLD in Bitcoin. It really is that simple.

It's confusion once again and no one really knows what is going to happen and everyone has its own version of fork. That brothers me a bit because it seems that there is no place where you can get trusted information about it.
Anyway, I will not cash out my coins although I expected some dump to happen and afterwards I will see. Hope nothing too weird is going to happen.

I already switched to altcoins.
I afraid of this hard fork and everything will happen.
Ethereum is more stable for me and i put %70 of my crypto  balance to ethereum

Holding could prove better if the assurance proves right that our coins won't get harmed (like going totally devaluated).


Not good because after the fork, I am sure that some more downfall may be there in the cup of investors for altcoins before they stabilize and run the markets back to up.


Still not a better alternative, because being completely unsure that which coin will gain the most confidence, as well as value for investors, will prove to be a very escaping situation.


Hopes? Never. You need to believe or let it go.


Stick to Bitcoins as said in Step 1, no need to do anything but wait for the situation to take place.

How could one "lose it all" by keeping their BTC on some online wallet or trading site?

I don't think upcoming fork is going to be that bad as you are depicting it here. Im sure there will be goodness into it for better development of bitcoin leading to higher prices of it. This time it may cross the hallmark of 10K USD for sure.

Anyway just in case things go other way round then obviously the doomsday preparation is necessary.

Your list is good but I will not recommend to switching to the bitcoin cash at, who knows what will happen to this brother when the fork is on going. There will be pretty good time and window for us to look for great option during the fork so I'm not hurrying the thing at all.

You can always choose to get into Ethereum because it is so much stable at this movement and no one can really manipulate it due to its unlimited supply. So that would be safe house for me.

I like the one comment found on Coindesk about this fork, quote:

Most buyers, even big money, don't understand any of this.

If exchanges pull the rug out and they lose any money because of this deliberate negligence and collusive scheming, you can bet that they are going to bankrupt these exchanges through civil litigation.

Segwit2x is a scam.

Very few people see scams in real time. FYI

I will probably go with fiat conversion which you have not mentioned here. Because keeping money into alt coin is one and the same thing as keeping it on the bitcoin that is blockchain part. They could get dump as well if something goes really bad with the market so I don’t want to take this risk at all.

Converting the bitcoin to fiat would be safest way to go with it because they will be untouched by any kind of storm that would arising during the hard fork. Once the hard fork is gone I can analyse the market then see if tis right situation to buy bitcoin or not and then I will acquire loads of it if its goes down. :-)

You don't have to do anything to survive it except hold your bitcoins. Samourai Wallet will have fork detection, coin splitting, and an auto-dump feature by the time the fork rolls around so you can feel safe holding your coins in this wallet. Yes they are still in development but will be releasing 1.0 by the end of the year. It's an ever-changing beast, and you can check their code online as it's open source on Github.

The wisest thing to do before Segwit2x hardfork is to change bitcoin to dollars and wait for the price to go down then buy again. The price will drop significantly and it will be a great opportunity to buy because it will rise again as happened during previous hardfoks.
I support this hardfork since it aims to reduce company investing in mining dominance which will results in more price stability.

I also thought about it recently . Then i came to the conclusion that it will be a foolish move to sell all the bitcoins and buy them again .
Moreover , the result of the upcoming fork is not very predictable . Maybe in favor or maybe no .  I thought that i would probably withdraw some amount of bitcoin before the hardfork to be on the safe side of the line .
I will probably invest in other alt coins like etherneum too.

There is undoubtedly going to be turbulence, but know this, Bitcoin will overcome and move onward, as it has done so many times before.

Hi, guys. What will be if transaction depreciate due to hardfork and miners wouldn't be interested in process of mining ????

I have read somewhere that only 14% of bitcoin's market cap right now would be the market cap of the seg2x fork and would probably die by its own hands due to lack of support. For that reason,  I have already cashed-out some of my bitcoins around 7.3k$ mark and decided to hold the remaining funds as I believe its price would skyrocket again after the fork.

The Segwit2x hard fork is creating a lot of discussion surrounding it, related to the protection against the repetition attacks at the blockchain. Inicially there wasn´t any plans for securety and protection took on consideration, but after a lot of requests, the core developers created some kind of security measures. Later on they were cancelled and a lot of protest and angry supporters were discussion about that decision. May be we are already close to a doom Segwit2x with a very low adoption. The beginning of a long short story.

Yes this fork may destabilize the market and people would panic by dumping their coins. But I don`t think that there is only btc cash to keep your portfolio on it. There are so many coins that are stable and can be used for long term investment. If you see the btc as a potential risk you can always invest in coins such as Stratis or Monaco for a long term invesment when you can keep your money stable at the same time. As a last chance also Tether is an option.

I'm in altcoins now. I don't like the high fees and all the drama. I prefer my money in projects that I believe in and with Segwit2x I'm just not sure. 

#2 and #3 are too risky. My friend tried #3 before the Bitcoin Cash airdrop and he lost a huge amount of his money (the exchange rates rocketed after the airdrop and by then it was to late to purchase BTC). #2 is even more risky, as I don't think that there is any long-term future for any of the altcoins (perhaps with the exception of BCH). I would prefer #1, but #4 can be considered as well.

Quite agree, why switching to altcoins though if they hold BTC. the hard fork will not going to make you losing any of BTC. the only correct option is #1 the rest just merely speculative options I don't recommend those.
If I recommend, just hold bitcoin, wait and see and then take an action. The segwit2x have 50:50 possibility of pumping or dumping. It's better than missing a train of profits.

Turned out HODL was the best strategy.)) Proven to be the best once again.

Proof: https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

Looks like whales were planning a correction for BTC and wanted speculatons about segwit2x to push the price down.
This newsletter supposedly was planned to trigger BUY signal and reverse the trend. However BTC market was too euphoric to even care about what's bad with serwit2x.

I'm surprised this news came out yesterday (not 1 day before fork). Maybe someone wanted to make the last effort to smaller his losses? :))

Now it's a weird situation. No fundamental reason for price to go in any direction. S2X is not a threat anymore (good), but free airdrop coins are also not going to happen (bad for those who thought S2X was supposed to be just another free-coins-fork).

The question now is what's next? But this is another topic...

Hi! I heared hardfork was canceled. What will be considering this information? All will be like before or it can cause any changes?

Well as the way it happened into other forks i would hold my coins soo i can get all the forks that will happen with bitcoin, i dont pretend to sell any of them since, i will hold them for a while to see wich version will sucess, because there are a lot rumors some of them might fail after some period, the community might go into different directions, but sooner or later only one bitcoin should remain strong to keep ahead, soo isnt an easy task to choose to stay with bitcoin or moove into some altcoin, litecoin looks like is already getting ready to get some people into it while the fork is coming. Since the halving has been canceled bch has jumped a lot due to some rumors but looks like its over.

Not only you but a lot for the people are not having the bitcoin this is the reason why all the time bitcoin remain the number one and the bitcoin is giving the price and the value to the people who are not even aware of the bitcoin I hope the bitcoin will give the surprise to the users with the great pump that all the people are expecting I hope the future of the bitcoin is very bright and the people who are aware of the bitcoin are spreading the knowledge about the bitcoin.