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Title: How are you hedging the upcoming Segwit2x fork? Post by: ChromaticStar on September 22, 2017, 06:00:26 PM It is probably a baked in reality at this point the we will have 3 Bitcoins in a few months after BTC forks again into a Legacy BTC and 2x BTC. This fork is looking to be more tumultuous than the BCH fork and we don't even know the details of any upcoming fork yet.
How are you going to hedge this event? Buy LTC? ETH? XMR? DASH? maybe BCH? I hate all this childish bickering, but we should all start to place our hedges. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: olubams on September 22, 2017, 06:07:50 PM It is probably a baked in reality at this point the we will have 3 Bitcoins in a few months after BTC forks again into a Legacy BTC and 2x BTC. This fork is looking to be more tumultuous than the BCH fork and we don't even know the details of any upcoming fork yet. How are you going to hedge this event? Buy LTC? ETH? XMR? DASH? maybe BCH? I hate all this childish bickering, but we should all start to place our hedges. The details will surely come in the coming days and I am sure the reason why there is no much discussion on the matter is because the community is still concerned about recovery of bitcoin price, the September 30 rumored plan or bitcoin exchange sites in China, the ICO ban thing and several other things taking our attention and maybe that's why the promoters too are taking their time not to come out with that because it won't be the best time really. But when the dust settles, and the day is near, more information will roll.out. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: Kanapka on September 22, 2017, 06:13:59 PM My "hedge" are the free coins that I will have if I hold, just like Bitcoin Cash
Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: Quidat on September 22, 2017, 06:56:40 PM It is probably a baked in reality at this point the we will have 3 Bitcoins in a few months after BTC forks again into a Legacy BTC and 2x BTC. This fork is looking to be more tumultuous than the BCH fork and we don't even know the details of any upcoming fork yet. How are you going to hedge this event? Buy LTC? ETH? XMR? DASH? maybe BCH? I hate all this childish bickering, but we should all start to place our hedges. The details will surely come in the coming days and I am sure the reason why there is no much discussion on the matter is because the community is still concerned about recovery of bitcoin price, the September 30 rumored plan or bitcoin exchange sites in China, the ICO ban thing and several other things taking our attention and maybe that's why the promoters too are taking their time not to come out with that because it won't be the best time really. But when the dust settles, and the day is near, more information will roll.out. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: ChromaticStar on September 22, 2017, 07:20:36 PM My "hedge" are the free coins that I will have if I hold, just like Bitcoin Cash I don't think free coins is quite the way to look at this one. Most people probably haven't sold their BCH which is why the price is so high; I have not. The combined market value of the two forks might be substantially less than the prefork. The upcoming fork is bound to be more volatile. Unlike last time big exchanges and miners like Coinbase and Bitpay may end up on 2x, while the developers from Core and quite a few miners may be on Legacy. We won't have a clearly defined "Bitcoin" this time. If there's any threat to Bitcoin at the moment, it's the upcoming fork. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: Fidemoga on September 22, 2017, 07:25:52 PM I have a bunch of altcoins, but will keep Bitcoin as my main currency. It is protected by a huge community and great technicians for the new upgrade, so that also a second hardfork can't stop the Bitcoin.
Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: leea-1334 on September 22, 2017, 07:28:25 PM It is probably a baked in reality at this point the we will have 3 Bitcoins in a few months after BTC forks again into a Legacy BTC and 2x BTC. This fork is looking to be more tumultuous than the BCH fork and we don't even know the details of any upcoming fork yet. How are you going to hedge this event? Buy LTC? ETH? XMR? DASH? maybe BCH? I hate all this childish bickering, but we should all start to place our hedges. Why the need to hedge? If it forks, you will get equal amounts of Bitcoin and new alt. The BCH already was a free hedge and so will the new alt be. You have all your Bitcoin, and you have all the new alts. Hold all for the perfect hedge. Of course, I always keep a small LTC and ETH. DASH too expensive for me with no usefulness. Same as Monero. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: Samarkand on September 22, 2017, 07:57:14 PM The question of the majority chain will likely be decided by the exchanges,
which control the desired BTC ticker symbol. Whichever fork gets the symbol will win out in the end. Personally, I intend to hold both coins if both chains survive. This should maximize the potential return, because even the losing chain in the long run will most likely experience a huge pump by the supporters/backers with deep pockets in the short-term. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: nsasuiteb on September 22, 2017, 08:07:11 PM I will not buy or sell anything because of upcoming segwit2x fork. Don't trade on the news, it may be profitable in short term but will be only loss in the long term. You may win once or twice like a gambling but you will be end up a loser.
Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: wxa7115 on September 22, 2017, 10:30:24 PM It is probably a baked in reality at this point the we will have 3 Bitcoins in a few months after BTC forks again into a Legacy BTC and 2x BTC. This fork is looking to be more tumultuous than the BCH fork and we don't even know the details of any upcoming fork yet. First of all there is not going to be a legacy BTC, it is simple BTC, the original chain that is all, segwit2x is just another altcoin that is all, and if they decide to make that suicide move then I will enjoy the free coins that I will get and sell them no need to do anything else.How are you going to hedge this event? Buy LTC? ETH? XMR? DASH? maybe BCH? I hate all this childish bickering, but we should all start to place our hedges. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: thejaytiesto on September 22, 2017, 10:38:36 PM It is probably a baked in reality at this point the we will have 3 Bitcoins in a few months after BTC forks again into a Legacy BTC and 2x BTC. This fork is looking to be more tumultuous than the BCH fork and we don't even know the details of any upcoming fork yet. How are you going to hedge this event? Buy LTC? ETH? XMR? DASH? maybe BCH? I hate all this childish bickering, but we should all start to place our hedges. You know the drill, dump the segwit2xcoin when the opportunity presents itself. This shit can't win, if it does im quitting bitcoin. If bitcoin can be coerced by bribing miners and exchangers with fiat money what's the fucking point? it's over. I guess I would just stick around in case someone comes up with a true bitcoin killer that can't resist vector attacks such as segwit2x and any other hardforks of similar nature. I would need a strong bitcoin to buy that tho, so lets hope the price doesn't go to hell. I think segwit2x will end up like BCash. If bitcoin's immune system is strong it should get rid of it. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: susila_bai on September 22, 2017, 11:37:31 PM It is probably a baked in reality at this point the we will have 3 Bitcoins in a few months after BTC forks again into a Legacy BTC and 2x BTC. This fork is looking to be more tumultuous than the BCH fork and we don't even know the details of any upcoming fork yet. How are you going to hedge this event? Buy LTC? ETH? XMR? DASH? maybe BCH? I hate all this childish bickering, but we should all start to place our hedges. Mostly it will be another option of getting a new bitcoin copy of altcoin and what other said is true that it will be free money to earn, so this time no one will be feared by this news. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: ChromaticStar on September 23, 2017, 12:08:58 AM First of all there is not going to be a legacy BTC, it is simple BTC, the original chain that is all, segwit2x is just another altcoin that is all, and if they decide to make that suicide move then I will enjoy the free coins that I will get and sell them no need to do anything else. You know the drill, dump the segwit2xcoin when the opportunity presents itself. This shit can't win, if it does im quitting bitcoin. If bitcoin can be coerced by bribing miners and exchangers with fiat money what's the fucking point? it's over. I guess I would just stick around in case someone comes up with a true bitcoin killer that can't resist vector attacks such as segwit2x and any other hardforks of similar nature. I would need a strong bitcoin to buy that tho, so lets hope the price doesn't go to hell. I think segwit2x will end up like BCash. If bitcoin's immune system is strong it should get rid of it. Hard to see in as just another altcoin. Currently, the New York Agreement (Segwit2x) has 95% support among the hashing power: https://blockchain.info/charts/nya-support I think day one BCH had only something like 2% of hashing power. 2x will be the clear winner for miners and many exchanges. I don't know what can really be done or what else to say, but we are definitely headed for another fork. Cryptos are here to stay, so if we don't want this, then we need to find another coin to support and hedge. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: limopc on September 23, 2017, 01:08:58 AM I am completely new and not that techie, so will appreciate your guidance.
In November, which coin wil split or fork, is it bitcoin, or Bitcoin Cash? Will it be another SegWit, or an increase in the block size? There will be a new currency I understand. It wil be like the previous split and holders of bitcoin BTC wil receive an equal amount of the new currency? Or the holders of Bitcoin Cash will receive the new currency? Sorry if I am asking “silly” questions, I am just a few days old with crypto. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: ChromaticStar on September 23, 2017, 01:52:47 AM I am completely new and not that techie, so will appreciate your guidance. In November, which coin wil split or fork, is it bitcoin, or Bitcoin Cash? Will it be another SegWit, or an increase in the block size? There will be a new currency I understand. It wil be like the previous split and holders of bitcoin BTC wil receive an equal amount of the new currency? Or the holders of Bitcoin Cash will receive the new currency? Sorry if I am asking “silly” questions, I am just a few days old with crypto. Don't feel too bad, I can't fully understand why there is a disagreement in the first place. Considering neither side wants to back down, I'm at a loss and clearly missing something big. The current BTC will fork in November into two chains that have different consensus; BCH is unaffected by this. One will use the current BTC consensus rules and continue as normal, the other will adopt Segwit2x and use a different chain with a common history. If you own BTC you probably don't have to do anything. I would recommend you withdrawal all your BTC to an address for which you control your private key. You will automatically have coins on both chains in this case. If you leave them on an exchange, it is up to them which coins you get; you may get just one chain or both. You may need to be extremely careful about how you send them though in the early days of a fork. When ETC forked (or whatever you want to call it) from ETH, there were replay attacks and some users lost coins. If it forks similar to BCH, there was good replay protection and everyone was fine. Just be careful, follow developments and you should be fine. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: suppersz on September 23, 2017, 01:59:40 AM I am completely new and not that techie, so will appreciate your guidance. In November, which coin wil split or fork, is it bitcoin, or Bitcoin Cash? Will it be another SegWit, or an increase in the block size? There will be a new currency I understand. It wil be like the previous split and holders of bitcoin BTC wil receive an equal amount of the new currency? Or the holders of Bitcoin Cash will receive the new currency? Sorry if I am asking “silly” questions, I am just a few days old with crypto. Don't feel too bad, I can't fully understand why there is a disagreement in the first place. Considering neither side wants to back down, I'm at a loss and clearly missing something big. The current BTC will fork in November into two chains that have different consensus; BCH is unaffected by this. One will use the current BTC consensus rules and continue as normal, the other will adopt Segwit2x and use a different chain with a common history. If you own BTC you probably don't have to do anything. I would recommend you withdrawal all your BTC to an address for which you control your private key. You will automatically have coins on both chains in this case. If you leave them on an exchange, it is up to them which coins you get; you may get just one chain or both. You may need to be extremely careful about how you send them though in the early days of a fork. When ETC forked (or whatever you want to call it) from ETH, there were replay attacks and some users lost coins. If it forks similar to BCH, there was good replay protection and everyone was fine. Just be careful and follow developments and you should be fine. This forum will be spammed by people trying to figure out how to get their 2x coins, and a bunch of them will be told they already ruined their chances when they already sent it to exchanges and their 2x is gone. I guess thats a good thing for those of us who can do it correctly, less supply means higher prices Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: limopc on September 23, 2017, 05:19:27 AM I am completely new and not that techie, so will appreciate your guidance. In November, which coin wil split or fork, is it bitcoin, or Bitcoin Cash? Will it be another SegWit, or an increase in the block size? There will be a new currency I understand. It wil be like the previous split and holders of bitcoin BTC wil receive an equal amount of the new currency? Or the holders of Bitcoin Cash will receive the new currency? Sorry if I am asking “silly” questions, I am just a few days old with crypto. Don't feel too bad, I can't fully understand why there is a disagreement in the first place. Considering neither side wants to back down, I'm at a loss and clearly missing something big. The current BTC will fork in November into two chains that have different consensus; BCH is unaffected by this. One will use the current BTC consensus rules and continue as normal, the other will adopt Segwit2x and use a different chain with a common history. If you own BTC you probably don't have to do anything. I would recommend you withdrawal all your BTC to an address for which you control your private key. You will automatically have coins on both chains in this case. If you leave them on an exchange, it is up to them which coins you get; you may get just one chain or both. You may need to be extremely careful about how you send them though in the early days of a fork. When ETC forked (or whatever you want to call it) from ETH, there were replay attacks and some users lost coins. If it forks similar to BCH, there was good replay protection and everyone was fine. Just be careful and follow developments and you should be fine. This forum will be spammed by people trying to figure out how to get their 2x coins, and a bunch of them will be told they already ruined their chances when they already sent it to exchanges and their 2x is gone. I guess thats a good thing for those of us who can do it correctly, less supply means higher prices Thanks for the warm welcome Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: limopc on September 23, 2017, 05:31:56 AM I am completely new and not that techie, so will appreciate your guidance. In November, which coin wil split or fork, is it bitcoin, or Bitcoin Cash? Will it be another SegWit, or an increase in the block size? There will be a new currency I understand. It wil be like the previous split and holders of bitcoin BTC wil receive an equal amount of the new currency? Or the holders of Bitcoin Cash will receive the new currency? Sorry if I am asking “silly” questions, I am just a few days old with crypto. Don't feel too bad, I can't fully understand why there is a disagreement in the first place. Considering neither side wants to back down, I'm at a loss and clearly missing something big. The current BTC will fork in November into two chains that have different consensus; BCH is unaffected by this. One will use the current BTC consensus rules and continue as normal, the other will adopt Segwit2x and use a different chain with a common history. If you own BTC you probably don't have to do anything. I would recommend you withdrawal all your BTC to an address for which you control your private key. You will automatically have coins on both chains in this case. If you leave them on an exchange, it is up to them which coins you get; you may get just one chain or both. You may need to be extremely careful about how you send them though in the early days of a fork. When ETC forked (or whatever you want to call it) from ETH, there were replay attacks and some users lost coins. If it forks similar to BCH, there was good replay protection and everyone was fine. Just be careful, follow developments and you should be fine. Thanks a lot for helping me understand more. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: FiiNALiZE on September 26, 2017, 05:06:26 PM It is probably a baked in reality at this point the we will have 3 Bitcoins in a few months after BTC forks again into a Legacy BTC and 2x BTC. This fork is looking to be more tumultuous than the BCH fork and we don't even know the details of any upcoming fork yet. I am just going to ride it out because I don't really care for all that stuff. Bitcoin will still cost the same when sending to another BTC wallet holder.How are you going to hedge this event? Buy LTC? ETH? XMR? DASH? maybe BCH? I hate all this childish bickering, but we should all start to place our hedges. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: alyssa85 on September 26, 2017, 05:16:56 PM I've kept all my Bitcoincash coins, "just in case". I figure if the segwit2x split is nasty, then BCH might benefit. As long as I come out of it with my overall funds holding their value I'm not fussed.
Also, something that hasn't been touched on - a lot of Japanese miners are going to come onstream starting in October and no-one knows what they think about segwit2x at all, so the uncertainty is huge. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: dolan564 on September 26, 2017, 05:57:44 PM i always hedge a certain % for anything to mitigate risk. Especially for forks, it can't hurt to slightly minimize profits in the event things go south.
Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: Suqreme on September 26, 2017, 06:13:22 PM just going to ride it out and hope it restabilizes
Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: babsjoe on September 26, 2017, 06:24:32 PM I think it is too early to start worrying about November folk! One advice i have though is to stay through to what you believes are about bitcoin. I believe bitcoin should be free of any inteference, it should be autonomous and completely decentralized
Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: wxa7115 on September 27, 2017, 01:39:41 AM First of all there is not going to be a legacy BTC, it is simple BTC, the original chain that is all, segwit2x is just another altcoin that is all, and if they decide to make that suicide move then I will enjoy the free coins that I will get and sell them no need to do anything else. You know the drill, dump the segwit2xcoin when the opportunity presents itself. This shit can't win, if it does im quitting bitcoin. If bitcoin can be coerced by bribing miners and exchangers with fiat money what's the fucking point? it's over. I guess I would just stick around in case someone comes up with a true bitcoin killer that can't resist vector attacks such as segwit2x and any other hardforks of similar nature. I would need a strong bitcoin to buy that tho, so lets hope the price doesn't go to hell. I think segwit2x will end up like BCash. If bitcoin's immune system is strong it should get rid of it. Hard to see in as just another altcoin. Currently, the New York Agreement (Segwit2x) has 95% support among the hashing power: https://blockchain.info/charts/nya-support I think day one BCH had only something like 2% of hashing power. 2x will be the clear winner for miners and many exchanges. I don't know what can really be done or what else to say, but we are definitely headed for another fork. Cryptos are here to stay, so if we don't want this, then we need to find another coin to support and hedge. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: g4r1n1m on September 27, 2017, 02:01:40 AM What is this? why it is neccesary??
in 20 years there will be 20 forks ? or what? Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: Samarkand on September 27, 2017, 04:34:10 PM ... Also, something that hasn't been touched on - a lot of Japanese miners are going to come onstream starting in October and no-one knows what they think about segwit2x at all, so the uncertainty is huge. I highly doubt they will start mining as soon as October. These are big companies where projects like this take a lot of preparation and they haven´t even started to develop their 7nm ASICs. The development of these ASICs will take many months and setting up warehouses with all the hardware is also a strenuous process. I´d argue that they probably won´t enter the mining scene until at least late 2018 or early 2019. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: Raxitto on October 02, 2017, 12:30:48 PM BTG has nothing to do with another probable coin that will also come up in November, on 23rd, Bitcoin 2X, which will be the result of the hard fork occasioned by the SegWit2X developers. Bitcoin Gold intends to completely change the mining algorithm that currently exists in Bitcoin. The idea is to exit the SHA256 algorithm, which requires ASIC supercomputers to be processed, for Equihash, which will require GPU-type computers.
With this, BTG proponents believe that it will be possible to keep the mining process more decentralized. That is, the verification and validation of the transactions in the network can be done by less sophisticated processors and, consequently, by more technology users. The original Bitcoin mining is currently dominated by large mining companies because of the scale required to perform this type of activity and is about 80% concentrated in the hands of Chinese entrepreneurs. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: fragout on October 02, 2017, 01:05:33 PM Bitcoin Gold intends to completely change the mining algorithm that currently exists in Bitcoin. The idea is to exit the SHA256 algorithm, which requires ASIC supercomputers to be processed, for Equihash, which will require GPU-type computers. With this, BTG proponents believe that it will be possible to keep the mining process more decentralized. That is, the verification and validation of the transactions in the network can be done by less sophisticated processors and, consequently, by more technology users. The original Bitcoin mining is currently dominated by large mining companies because of the scale required to perform this type of activity and is about 80% concentrated in the hands of Chinese entrepreneurs. Didnt Litecoin do that a looong time ago. Forked bitcoin and used scrypt. Why are BTG making a big deal about this new coin as if it is the lightbulb answer to the chinese miner dominance. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: wxa7115 on October 03, 2017, 02:16:59 AM What is this? why it is neccesary?? You do not understand, anyone can create their own fork that is the thing with open source projects, anyone can take that code and change it and try to create something new, that is what happens with Linux and all its variants, however a coin more than anything needs the support of the people so as long as people keep supporting bitcoin then those other coins have no future.in 20 years there will be 20 forks ? or what? Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: Board-Room on October 03, 2017, 01:37:35 PM In terms of timing, at the current rate it looks the hard fork will be sometime mid/end-November; it's at block number 494,784.
More info in this article, for example: https://www.coindesk.com/block-494784-segwit2x-developers-set-date-bitcoin-hard-fork/ Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: Minecache on October 03, 2017, 01:44:09 PM Now I'm out of altcoins. Only 15% btc and 85% teether USD. I'm planing to buy btc just before 25 October and make good profit 8)
Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: Board-Room on October 03, 2017, 01:56:58 PM Now I'm out of altcoins. Only 15% btc and 85% teether USD. I'm planing to buy btc just before 25 October and make good profit 8) I'd be a bit careful about keeping too many eggs in one basket, in this case tether, especially during a time when we can expect increased volatility. See this thread for example: https://bitcointalk.org/index.php?topic=2221521.new#new Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: greenclub09 on October 03, 2017, 02:16:44 PM I think it's going to be like bitcoin cash. The king is still the bitcoin king, it will show its worth. After segwit2x, it is likely that bitcoin will be worth more than now. In the near future there will be a strong surge as most users will store bitcoins to receive new bitcoins. We should not worry anymore because the pre-release of a new bitcoin bit does not affect the bitcoin even it increases the bitcoin price so this is also the same. ;D ;D
Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: hgmichna on October 04, 2017, 03:13:14 PM By having sold bitcoins for gold and fiat.
As soon as it becomes clear that Segwit2x will do no major harm and the future looks bright again, I will buy back. Segwit2x bears the risk of a major disruption of the bitcoin economy. See how much damage b.cash has done and how much worse it could have been with just a little bit of more bad luck. Segwit2x is much more dangerous. Of course there is also a good probability that bitcoin keeps a reasonably high hash rate and that users stay with bitcoin and shun Segwit2x. But even then there is the missing replay protection and possible attacks against bitcoin. Just today Segwit2x inserted code into their client that camouflages it to make it look like a bitcoin client, with the intention to break down certain bitcoin defenses against the hard fork. And this could be just the beginning of damaging behavior, for example to increase the damage done by replay attacks. I cannot take that risk and fortunately I don't have to, so I am bailing out. I would much prefer a continuously prospering bitcoin economy, but apparently that is not always easy to achieve. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: ChromaticStar on October 04, 2017, 03:36:29 PM By having sold bitcoins for gold and fiat. As soon as it becomes clear that Segwit2x will do no major harm and the future looks bright again, I will buy back. Segwit2x bears the risk of a major disruption of the bitcoin economy. See how much damage b.cash has done and how much worse it could have been with just a little bit of more bad luck. Segwit2x is much more dangerous. Of course there is also a good probability that bitcoin keeps a reasonably high hash rate and that users stay with bitcoin and shun Segwit2x. But even then there is the missing replay protection and possible attacks against bitcoin. Just today Segwit2x inserted code into their client that camouflages it to make it look like a bitcoin client, with the intention to break down certain bitcoin defenses against the hard fork. And this could be just the beginning of damaging behavior, for example to increase the damage done by replay attacks. I cannot take that risk and fortunately I don't have to, so I am bailing out. I would much prefer a continuously prospering bitcoin economy, but apparently that is not always easy to achieve. Bitcoin has been around long enough for me to believe it will probably make it through this. It would be helpful to have some clarity from the exchanges as to whether they will/still support 2x. If Coinbase and Bitpay drop out, it will probably be another worthless alt with minimal impact. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: hgmichna on October 04, 2017, 03:55:32 PM Bitcoin has been around long enough for me to believe it will probably make it through this. It would be helpful to have some clarity from the exchanges as to whether they will/still support 2x. If Coinbase and Bitpay drop out, it will probably be another worthless alt with minimal impact. Believing is not safe. Understanding the situation is better. There has never been a situation like this before. If you fully understand the difficulty oscillations due to b.cash, then you may have an idea of what lies before us. Consider that even a small difference in mining profitability can make all or most miners change to the other branch. What will you do when there are suddenly only very few bitcoin blocks, very high and unpredictable fees, and lots of stupid and fake news? I hope that the worst will not happen, but I cannot rule it out. There will probably be not much clarity before the hard fork. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: TimeHacker on October 04, 2017, 06:07:26 PM To mitigate the risk, it's probably best to have part of your money in Bitcoin and part in other well established coins like Ethereum for example. By keeping BTC you might win some free coins, but also loose quite a bit of money if it goes badly.
Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: Samarkand on October 05, 2017, 05:08:55 PM To mitigate the risk, it's probably best to have part of your money in Bitcoin and part in other well established coins like Ethereum for example. By keeping BTC you might win some free coins, but also loose quite a bit of money if it goes badly. Ethereum is not a safe haven! What do you think will happen to the ETH price when the ICO bubble finally bursts? I am pretty confident that we will see Ether prices under 50 $ per ETH in the very near future. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: SimilarCoin on October 05, 2017, 05:14:44 PM I think, I am not going to ride it like every other investor.
It may not effect me much. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: wxa7115 on October 12, 2017, 03:47:37 PM Bitcoin Gold intends to completely change the mining algorithm that currently exists in Bitcoin. The idea is to exit the SHA256 algorithm, which requires ASIC supercomputers to be processed, for Equihash, which will require GPU-type computers. With this, BTG proponents believe that it will be possible to keep the mining process more decentralized. That is, the verification and validation of the transactions in the network can be done by less sophisticated processors and, consequently, by more technology users. The original Bitcoin mining is currently dominated by large mining companies because of the scale required to perform this type of activity and is about 80% concentrated in the hands of Chinese entrepreneurs. Didnt Litecoin do that a looong time ago. Forked bitcoin and used scrypt. Why are BTG making a big deal about this new coin as if it is the lightbulb answer to the chinese miner dominance. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: MartiniBlanco on October 12, 2017, 03:52:07 PM I am going to hedge this event with my Ethereum bag and some other altcoins like waves or stratis. They could show up some nice movesments with the upcoming hardfork!
Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: European Central Bank on October 12, 2017, 03:53:19 PM To mitigate the risk, it's probably best to have part of your money in Bitcoin and part in other well established coins like Ethereum for example. By keeping BTC you might win some free coins, but also loose quite a bit of money if it goes badly. you are a crazyhead. alts are about to meet their day of reckoning. what does a $400 eth do any better than a 50c eth? alts are not a hedge. they're a bet on top of a bet. if you want to hedge then use dollars, and real ones, not usdt. regarding the original question, there won't be a fork and so there's no need to hedge. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: ChromaticStar on October 13, 2017, 08:53:43 PM To mitigate the risk, it's probably best to have part of your money in Bitcoin and part in other well established coins like Ethereum for example. By keeping BTC you might win some free coins, but also loose quite a bit of money if it goes badly. you are a crazyhead. alts are about to meet their day of reckoning. what does a $400 eth do any better than a 50c eth? alts are not a hedge. they're a bet on top of a bet. if you want to hedge then use dollars, and real ones, not usdt. regarding the original question, there won't be a fork and so there's no need to hedge. There may still be a fork, but the rhetoric has changed quite a bit from when I first posted this. BTC is exploding higher, the alts are being destroyed. More NYA signatories are reversing or at least toning down their original position on 2x. I haven't placed any hedges yet and I don't think I'm going to now. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: wxa7115 on October 19, 2017, 06:08:50 PM Now I'm out of altcoins. Only 15% btc and 85% teether USD. I'm planing to buy btc just before 25 October and make good profit 8) And why did you have so much of your money on USDT? Bitcoin has gone up consistently for the past weeks, it was obvious that as the fork got closer that the price was going to go up what you have done has cost you money maybe you are going to get a profit in terms of dollars but if you had kept most of your money in bitcoin then you could have made way bigger earnings than the ones you are going to make.Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: holtzmann on October 24, 2017, 04:51:29 PM So much FUD around the hardfork again. My personal view on this - don’t fall into panic and keep calm. Overall, we got beyond the previous fork without serious consequences. I am not planning to sell out or something; will keep my btc as usual, hoping for new free coins. ::)
Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: wxa7115 on October 26, 2017, 06:32:29 PM So much FUD around the hardfork again. My personal view on this - don’t fall into panic and keep calm. Overall, we got beyond the previous fork without serious consequences. I am not planning to sell out or something; will keep my btc as usual, hoping for new free coins. ::) This is what I’m doing as well, people love the forks because it allows them to speculate for months about the price of bitcoin and this new forked coin but I’m the kind of guy that just prefers to avoid risks, I’m going to keep holding my bitcoin and if the miners keep forking bitcoin and they want to give to me free coins then who I am to refuse free money.Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: Michael X on October 27, 2017, 02:01:27 PM So much FUD around the hardfork again. My personal view on this - don’t fall into panic and keep calm. Overall, we got beyond the previous fork without serious consequences. I am not planning to sell out or something; will keep my btc as usual, hoping for new free coins. ::) No one knows what might be this time. As people here say - don’t keep it in one place and it would better not be an exchange. There were many major platforms such as bitstamp or coinbase that didn’t accept bch at the beginning. And even if they did eventually, the situation was absolutely uncertain before AUG1st. Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: ChromaticStar on October 28, 2017, 02:47:31 AM So much FUD around the hardfork again. My personal view on this - don’t fall into panic and keep calm. Overall, we got beyond the previous fork without serious consequences. I am not planning to sell out or something; will keep my btc as usual, hoping for new free coins. ::) This is what I’m doing as well, people love the forks because it allows them to speculate for months about the price of bitcoin and this new forked coin but I’m the kind of guy that just prefers to avoid risks, I’m going to keep holding my bitcoin and if the miners keep forking bitcoin and they want to give to me free coins then who I am to refuse free money.This isn't free money, it is diluting the market of BTC everytime there's a fork. Your BTC's value just got split into two coins instead of one. If you forked BTC 100 times, the sum total of all the forks would be the worth of a single BTC chain. These forks are not a good thing and people need to stop thinking about this like it's 'Free' coins, it's not. At the moment, the market is pricing in around an $800 decline in BTC due to this fork since it's pricing in around an $800 price for B2X. In other words, everyone is going to pay for this new Bitcoin chain whether they want to or not. https://www.bitfinex.com/stats Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: atrocityx on October 28, 2017, 02:51:18 AM I am so done with forks.. this one I still havent decided what to do though because this one will probably trade for a larger amount than the BTC gold.. although with that said.. enough's enough. Starting to really hurt the branding of the coin itself.
Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: taxmanmt5 on October 29, 2017, 11:33:38 AM No, what would be the reason for that? There is nothing to worry about, just like the last time and the time before that. So, what can you say to these people that is going tom scare them more than the facts are going to show them? There may have been ways that the people could be manipulated a few weeks back, but this is just not going to happen this time and there is nothing that you can do to change that, but keep trying.
Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: holtzmann on November 01, 2017, 09:19:39 AM So much FUD around the hardfork again. My personal view on this - don’t fall into panic and keep calm. Overall, we got beyond the previous fork without serious consequences. I am not planning to sell out or something; will keep my btc as usual, hoping for new free coins. ::) No one knows what might be this time. As people here say - don’t keep it in one place and it would better not be an exchange. There were many major platforms such as bitstamp or coinbase that didn’t accept bch at the beginning. And even if they did eventually, the situation was absolutely uncertain before AUG1st.Sure, you are right. I am not keeping all in one place. But I still have some on cex as it notifies about 2x support https://blog.cex.io/news/segwit2x-bitcoin-gold-16616 Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: Michael X on November 02, 2017, 04:23:49 PM Sure, you are right. I am not keeping all in one place. But I still have some on cex as it notifies about 2x support https://blog.cex.io/news/segwit2x-bitcoin-gold-16616 It’s up to you of course. And given the replies above, you are definitely not aloneTitle: Re: How are you hedging the upcoming Segwit2x fork? Post by: wxa7115 on November 06, 2017, 09:42:48 PM So much FUD around the hardfork again. My personal view on this - don’t fall into panic and keep calm. Overall, we got beyond the previous fork without serious consequences. I am not planning to sell out or something; will keep my btc as usual, hoping for new free coins. ::) This is what I’m doing as well, people love the forks because it allows them to speculate for months about the price of bitcoin and this new forked coin but I’m the kind of guy that just prefers to avoid risks, I’m going to keep holding my bitcoin and if the miners keep forking bitcoin and they want to give to me free coins then who I am to refuse free money.This isn't free money, it is diluting the market of BTC everytime there's a fork. Your BTC's value just got split into two coins instead of one. If you forked BTC 100 times, the sum total of all the forks would be the worth of a single BTC chain. These forks are not a good thing and people need to stop thinking about this like it's 'Free' coins, it's not. At the moment, the market is pricing in around an $800 decline in BTC due to this fork since it's pricing in around an $800 price for B2X. In other words, everyone is going to pay for this new Bitcoin chain whether they want to or not. https://www.bitfinex.com/stats Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: rainbow169 on November 06, 2017, 09:48:44 PM the best hedge is to hold them both and not to make a sell decision before a winner is announced. Personally I want a chain that have devs to support it and a roadmap that can not be controlled by any parties but actual users, there is unfortunately not going to see a compromise in the coming days so we might have to brace for impact.
Title: Re: How are you hedging the upcoming Segwit2x fork? Post by: Savik on November 06, 2017, 10:13:20 PM Ive hedged with Bitcoin Cash (BCH)
https://www.yours.org/content/predicting-the-outcome-of-the-november-bitcoin-fork-89914ce0e1f5/?utm_content=bufferf3dec&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer https://news.bitcoin.com/fork-watch-the-chain-with-less-hashrate-could-come-to-a-screeching-halt/ |