Bitcoin Forum

Hi folks, I was wondering if it is worth moving all my bitcoin from Gdax and Gemini into my Electrum wallet before the SegWit 2x fork on 12/28? I have read that this is the best way to get any new currency that will be added. I am just wondering how important this is since the network is already overwhelmed and the fees are high.

The answer pretty much boils down to whether you believe those exchanges will support the forked coin. It took Coinbase/GDAX several months to offer their customer access to their Bcash. And there's no guarantee than any given exchange will support any given altcoin. But you're right that Bitcoin transaction fees are very high right now.

Which coin will be created at 28/12?
Bitcoin just get new features like Lighting network. there will be no fork (like Bitcoin cash). no new coin will born again

it is totally up to you and your speculation about the new shitcoin's value.

but if you want my opinion, i say there is a very good chance that it is a worth of time and it probably won't cover the fees you have to pay to transfer your bitcoin.

specially since this new coin which is called SegWit2x has nothing to do with the original SegWit2x and it is stealing their name!
i consider that a shady behavior.

Snapshot was probably already taken anyway.

Thanks for the replies everyone!

 I am new to crypto and it has been exciting to say the least. However, quite confusing at times. I was initially under the impression that the fork was "official" from seeing a few different online posts/articles. They all stated pretty much the same information. I found this thread which I think has given me enough information. It doesn't look like I am going to miss out on anything of value regardless of where my coins are lol.

https://bitcointalk.org/index.php?topic=2595620.0 (https://bitcointalk.org/index.php?topic=2595620.0)

You can also move coins to hitbtc and yobit which will add equivalent amount of b2x when it will be forked, claiming b2x after fork from electrum or your other bitcoin wallets can be pain in a## and you can also lost whatever bitcoin you might have on that wallet when trying to claim some free b2x coin.

But I don't think b2x will have any future.

Can others confirm here hitbtc will do this or not?  Did hitbtc do this with bitcoin cash, gold, and diamond?  What about the others  like bitcoin united, super bitcoin etc?

Yeah they have already opened market for this but it is just a future market, when fork will occur real market will open up
https://hitbtc.com/exchange/B2X-to-BTC

Also they gonna support super bitcoin and bitcoin interest announced on their twitter page here https://twitter.com/hitbtc

So basically hitbtc is the number 1 exchange to keep your btc in if you plan to get your bitcoin fork coins the easiest?  If thats the case, why don't everyone just send their btc there instead and just wait for the forked coins and then withdraw it back to their wallet? 

You are the very much correct in thinking this but no one can answer the question better than you because it depends upon the amount of funds you have. B2X futures are currently priced around $600 while btc is near about $15k. With the network so congested average fees goes upto 300 sats/ byte for a swift transaction of few hours. Now calculate that the number of segwit coins you are going to get can cover such a loss. If your answer is yes then move them. Moreover try moving them to Binance or hitbtc or any other coin supporting fork it will be much easier to trade B2X.

Maybe because they are tired with all that stupid forks that harm real bitcoin?

Many miners are upset about the fork because they know the jig is up where they charge $25-$50 just to process
250 bytes of data and it takes hours just to move digits from one wallet to another but the rest of us will be getting
a late xmas present from this fork on the 28th

Get you coins into a wallet were you own the public key if you don't want the likes of Coinbase to diddle you
out of them and also note that the miners have started to lock up already so allow lots of time to move your
BTC and it might be faster to send them using the snail mail postal system even at a time of year when most
people are at home and not working

The Lightning Network might take six moths to get working and forget about testing because BTC has
had eight years of that and now look at the mess we are in but don't take my word for it and do some
research and the link shown below is a good place to start.
https://www.youtube.com/watch?v=UYHFrf5ci_g
Good video and explains it in plain English  

Or this is a marketing strategy by hitbtc to pull more investors. As plain as that.
A lot of bitcoin users wants the free coin so why not come to that website and risk all your coins. Yeah and there is also a possibility that you will lose all your coins by just a mere reason that they are hacked. Happened before and can still happen now.

BTC wasn't designed for this mass adoption. I don't get it why devs don't make blocks to fit the need, they could raise them till like 2MB at least to enable faster processing of transactions. I really don't get this. All of people are mad, this problem needs to get solved as you said LN should take long enough to be in our everyday life, time is now if we want to attract new costumers aka people to join bitcoin ride. Thats exactly why we have many forks in the first place as all of them said enoguh and are trying to push their fork as next bitcoin.


As it goes OP - always keep your coins in wallet where you have private keys, don't let them be on exchanges. Every fork that happens, if we talk about usual chain split, you could use those forked coins. It is a bit hard now to transfer between exchanges back to your wallet and vise versa because of confirmation times and huge fees. But the answer is not to hold them on exchanges either, what will happen if exchange blocks ongoing withdraws you are screwed if you need them urgently or what if they get security breach etc. problem is real here.

I would load all the numbers in excel and calculate what I might get. But I wouldn't send more than ¹/₄ of the funds I have. And I think the 12/28 is a scam anyway, especially I liked the roadmap image displaying step 5 as implementing "Ethereum smart contracts". ;D

I do not have any information which wallets will participate in next SegWith, but if you heard such gossips about Electrum then move all your coins there. I probaply will also follow that to have a little of new coins. Who know, maybe the new coin will raise the same like Bitcoin Cash?! ;D

Yes it was and it was in the white paper from that guy that has gone walk about from Japan and it also said
"Near virtually free transaction costs" too and talked about having no inflation but each fork will
double the money supply and that's something called inflation.

Being a software engineer I can understand why it won't scale because all the full nodes need
to hold a full copy of the ledger and then they have to use a link list to go back down the chain
to verify the history of each part coin in a wallet during a transaction and that is plain stupid once
the data gets big. PoW is another stupid joke designed to make power companies (Big Oil) rich
plus keep hardware manufactures in profit with the CPU wars they have created with mining. 

Please do not make excuses for the current state of affairs because it was planned all along, Easter egg
in plain site it was and I hope the new kids on the block get to fix it.

What are you trying to do? If you want to receive that coin, then the only thing that you need to do is just move all your bitcoins to Binance.

They will give you and distribute the segwitx2 coins to all those who are holding bitcoins at the moment of the fork, so you will instantly receive them all without any hassle.

Just avoid to put your private key in any other place that is not safe.

Wow so basically for every 1 bitcoin you own, its basically 600 dollars free then assuming price stays the same?  That means with 2 bitcoin, thats over 1k for free...

Has binance confirmed this?  Did they do this with bitcoin cash, gold, diamond?  What about unlimited and superbitcoin?  I heard binance is one of the most legit exchanges there are.  Because if they do this, shouldn't most people do this because they are one of the most trusted exchanges?

What about transfering to blockchain.info? They provide you your private key, so any forked bitcoin could be retrievable, right?

Ethereum smart contracts are just a way for ETH miners to make profit and are little more than bean counters
that charge gas down to the byte level for storing any data you like on a block-chain.

My guess is that it's just a placeholder in the map for Segwit hosting services that can be mass deployed to servers/miners
so they can perform some productive work instead of whats happening now where BTC miners rev up the engine without
putting the car in gear and call it PoW because they have no real productive work to do.

I have some ETH and can send small amounts in seconds without paying $25-$55 to miners and have done
lots of research instead of being a slot machine boy and did manage to find just the ICO i was looking for but
it had already sold out (Get a load of this) in 22 seconds so lets not fight over the left over bones that the
bankers throw us from time to time

I am just hearing this for the first time. But not much publicity was made or has been made about this. I will advise that if you don't have seasonable bitcoin, don't bother to transfer because, the cost is exorbitant.

As I know it is going to be Bitcoin 2x, but I also don't know which wallets or exchangers will participate in this airdrop. All those coins that will separate from Bitcoin are going to worth something good if to compare with other airdrops, soon the case if Electrum will really give free coins you definitely need to participate.

OK you risk sharing the key with them and this is just what I thought Coinbase was doing and Coinbase even give you
the public key to maintain the illusion but when you check the public address in the block-chain you then realize it's a
scam and the coins come from a pool account and for all we know they are fake.

I love the API's blockchain.info offers to developers so yes your plan sounds right to me and I think they can
be trusted unlike Coinbase who even scammed me out of the $10 joining fee, keep away from them, bad news

is just a fork only.. might as well keep some bitcoin and get some of them if its available.. yes you are right bitcoin fees are high and has very slow in transaction. i think bitcoin will upgrade in Q1 of 2018 that will give bitcoin a huge pump.

You sir are bang on the money.

I just brought about $250 in BTC and then moved it out of Coinbase account and into my Jaxx wallet
and this was a lot of effort but i had already done my sums and it turns out that i would get about
$15.00 worth of extra coins in B2X wallet at today's 15:1  BTC/B2X Ratio but had to pay greedy bastard
BTC miners $25 in transaction fees.

Now tell me sir do you think that I would do this if I didn't think that B2X was going to go up between
the 28th and the release data.

The public have not arrived yet but when they do and see BTC at $10,000 (I will be out by then) and
B2X at say $2,000 and then look at the transaction fees then can you guess which one they will be
buying into and thinking it's cheap if ETH or BCH does not turn them on

This is the part most people seem to be missing..

Snapshot was taken means it's useless to move your coins now. They had to be there at the time of the snapshot.

No point upgrading any hardware of the 20,000 full nodes because we already have 100 X more horse power
than we need so we waste it with PoW and CPU war when mining so you must be talking about a software
upgrade which has already been planned and is called "Lightning Network" and is being tested but BTC had
been tested for six years and look at the mess we are in today.

Lightning is a move towards banking and uses channels and centralized hubs but it's really a means
to extend lines of credit, it's what banks do when not burning energy with the CPU war that has been created
as an Easter Egg in BTC

See https://www.youtube.com/watch?v=UYHFrf5ci_g if you want an education
instead of playing slot machines and hoping your luck last out for the next round

 

Does anyone know if bittrex would credit you the amount of btc you have on the wallet?  Also does that mean you should not move any btc from your wallet on that day?  They mention if you have btc on the fork you get it... but what if you send the btc from that wallet later on in the day?

Nice try, work in mining do you by any chance.

Like past forks they have told us the block number when the snapshot will be taken but they
cannot give us the exact time on the 28th when this block will be mined.

You can look this fact up yourself

Don't worry i won't get out on the 29th and sell my BTC or even the first week in January
because my trust has been broken due to miners greed but lets just say the die is cast already  

The block-chain allows the balance for each wallet to be calculated more or less for any given time or date
so you will still get your free B2X on the balance for the fork date/time even if you sold them all the next day.

My you are eager to get out but i would wait a few hours instead of rushing for the door or you might start
a stamped before i get out, only joking, no need to panic I don't think but who knows and if transactions fees
hit $100 then the event will be written in our history books and the public won't go near BTC with a barge poll
after that.

There are many sites who support hard forks and give free coins equivalent to our bitcoin savings but if you are planning transfer your bitcoin just to get the chance for coins you must think twice because the transaction fees are reallt so bad and there is a chance that the fee will be higher than thr token or coins you can received after the hard fork.

Yes agree 100% but if that's the game the miners on BTC want to play then hanging around for fees to hit $100 or more
is like waiting for the mafia to lock you in at the casino so best head towards the door now.

The Segwit casino (it is all gambling you know) suddenly looks a lot safer and i tend to trust my gut feeling as much as
my well crafted computer like logic that comes from programming systems like they one I find myself playing in  ::) 

Do we have a known list of wallets and exchanges that are confirmed yet?

If the Exchange you are store BTC is not supported, you need to transfer the BTC to your wallet to be able to receive the Forks! I think this is also a reliable and easy to use way!
Seacching all info before you to do it!

I was looking for an Electrum wallet that is hard forking B2X Segwit2X and i finally found a wallet for this: http://www.b2xwallet.org (http://www.b2xwallet.org) i see it is compatible with Electrum and its easy to use. Anyone else tried it?

Its just like electron that we used for bitcoin cash.

Coinbase also shares information of our bitcoin transfers with IRS, and IRS with other national governments. Keep away from them (x2).