Yes, your understanding is correct. If the fork happens (I'm fairly confident that it will) you will receive the equivalent amount of the forked coin B2X.

I would advise you to place your coins in a paper wallet or some other type of wallet that is well trusted. If you are planning on dumping BTC or B2X quickly after the fork, I would place it on an exchange which supports B2X.

Every time I make a plan with what to do with my coins and try to execute the plan it ends up taking so much longer. It is frustrating every time, because every problem I face is something stupid and could have been prevented. For instance. I sign up for an exchange and mistype the password when signing up. Now I have to wait for support to get back to me, because now I can't get in my account. Ughhh. A while back before the BTG fork happened, I mistyped my bitcoin address by one letter and it screwed the transaction up. I was back and forth with support before it finally got resolved. By then it was too late though. Trying to sell my BCH was a nightmare. I had to jump through so many hoops. By the time I was successful the price had already dropped as I had anticipated. Same thing with BTG. So frustrating. Another thing that took awhile was moving my coins off of Bitfinex, because they spontaneously decided to stop servicing people in the US.

Seems like this crap always seems to happen to me. Right now I'm trying to make a financial move that it is only available for a limited time, but slow random stuff that could have been prevented gets in the way and stops me from doing what I want. It is such a pain. Does anyone else ever feel what I feel? Time is ticking and every second is a possible decrease on my return.

Share your missing-out-on-an-opportunity-due-to-technicalities story below.

Hey Atriz, would you mind sharing your journey in becoming a campaign manager? How did you start and is it difficult?

I think it may be fun to try and do this someday, but would like a better idea of what the job entails.

Is BTCC available for people residing in the US? I may be interested in getting some BT1. What do you think the chances of me getting screwed over and not receiving BTC after the hardfork?

Grrrrr, I was excited. Thought I could short it. Kind of odd though. If you can only buy the B2X then who is selling it? The exchange itself?

A high IQ does not guarantee success. You can have a high IQ and still be naïve about how the world works. In reality, most people that drop out of school are going to struggle. Even with a genius IQ there aren't very many options to get a job. A lot of employers like to hire people with a college education. Without a college education a lot of doors will be closed to you. Without a high school diploma it is even worse. Regardless of whether you are smart or not, employers are going to want someone with a degree or experience. It is going to be an uphill battle to get experience, because in order to get that you have to hope someone takes a chance on you.

Chances are OP is going to have to work in a factory to stay afloat, possibly even two jobs. Another option is for OP to become some sort of Entrepreneur, but sometimes this doesn't work out. In order to create a good business you need to establish a good customer base which requires great skills with working with other people. There is also the chance that Bitcoin becomes really big or OP finds some way to amass a huge amount of money, but these stories are a minority.

You always see Hollywood movies where people struggle and struggle. Eventually they hit their big break and reach success. In real life there are a lot of stories of people who have struggled and never have hit such success. You need to keep things into perspective. Keep your options open.

OP, I understand that school can seem pointless at times. Sometimes it is frustrating when you spend so much time in class learning something that you feel you can learn on your own in 1/10th of the time or even less. Unfortunately, it is the way the system is built in this world. The best way to keep your options open is to at least finish high school. The system sucks, but fighting it sucks even more!

I'm suspecting that maybe you've experienced some bullying in school and it is probably repulsive imagining yourself going back and having to deal with the embarrassment that you quit and then changed your mind. I really think this is the best option for you though and you should seriously consider it.

I've learned that in order to make it far in this world you have to have good connections with other people. Having great relationships with the right people trumps intelligence nearly every time.

As someone who has very high intelligence myself, I did not reach an exceedingly prosperous lifestyle that I thought I would achieve. 2013, was the most depressing year of my entire life, because that is when reality sunk in that the world was not what I thought it was.

I sent this message to hitbtc support:

I see that there is the option to buy B2X before the fork. Is it possible to sell B2X before the fork with an equivalent amount of Bitcoin?



My response was:

Dear Trader,

 Thank you for reaching out!

 Please follow our blog - https://blog.hitbtc.com/ and Twitter - https://twitter.com/hitbtc : as soon as we  receive the information on B2X fork it will be announced there.

Regards,
(insert name here)
HitBTC Support team


This wasn't particularly helpful. I was hoping for a yes or no answer.

Does anyone here know how to sell B2X future? I don't own any obviously, but I do have bitcoin. Is there any popular exchanges that are available to people in the US that allow me to do this?

Don't say Bitfinex either, because they are shutting down for US people. Also, using a VPN seems way too risky. I want to dump my B2X as soon as possible. Help me guys, time is of the essence.

OMG you dropped out of school for crypto!??  

That is a HUGE mistake. Sorry kid, but I don't think you completely understand the concept of money and living.

Some of these people on here are crazy and maybe stupid, but dropping out of school to rely on crypto was beyond stupid. (No offense, but it is. I'm not gonna sugar coat it). If there is a way to get back in school I would consider it.

It is hard enough to get a good job without a college degree. Trying to get a good job without a high school education is even harder. You better hope that Bitcoin succeeds, because if it doesn't you're going to be in a world of hurt. This should be a good lesson for you why it isn't good to put all your eggs in one basket. If crypto fails, your life is going to be very very difficult.


People are excited about money, because money is very hard to earn. This kind of money that people are getting is life changing for a lot of people. For some people, they will be able to pursue certain passions that would not be available to them otherwise. Money is essentially freedom, especially if you're poor.

While Bitcoin is a revolutionary concept, if I had waited to read the white paper and a whole bunch of other stuff before hoping in I would have missed out on a good opportunity. Sometimes you have to recognize an opportunity where your knowledge on something may not be as great as the experts. If you have a general understanding you can trust your gut and hope for the best. If you overanalyze things you can sometimes miss out on some great opportunities.


I'm really sorry that you dropped out of school. This can sometimes be the greatest mistake one can make in life. I really hope things turn out well for you in the end.

What happens is the coin is splitting into two coins, so you don't have to do anything. If you hold 101 BTCs then you will receive the equivalent 101 B2Xs. If they are stored in your personal wallet then the private key will be the same for both BTC and B2X.

Coinbase has spoken and said they will honor the split. It is up to you to trust them though. I personally believe them.

Overall, I think you are safe to receive B2X whether you keep your bitcoins are on Coinbase or in a personal wallet. You don't have to do anything "special" either.


After the split:
If you have your bitcoin in a personal wallet I'm not sure how you will be able to move your B2X around right away. If I was you, I'd move BTC first into a separate wallet and then deal with B2X. Move BTC first.

If the private key gets compromised in a transaction, losing B2X should be less of a big deal than losing BTC.

@MadGamer:
I signed up for a Hitbtc account. Let me get this straight, I can sell B2X before it is even released? Am I seeing this correctly?

@squatter:
Bitfinex is actually becoming bad for US players. At some point this month they are closing all US accounts. I'd get your money off of it if I were you.

Nooooooo, we will miss this campaign. I suspected this day was coming when you lowered the payouts. Unfortunately, I was correct. 

It was an honor working for you. 

Okay, let's pretend that the hardfork is coming and I want to dump my S2X fairly quickly. Which exchange would be the best for me. I am from the US. Any help here would be greatly appreciated.

edit: oops meant to say B2X

You could generate a private key and public address on bitaddress.org. After doing that save them on notepad or some other thing and move the file to your USB drive. Then take it out of your computer.

A lot of people will say that is poor security and well, I guess they are right if your computer gets compromised. If you are one of the paranoid folk you can hash the private key and public address using your own seed. Chances are, if you don't know how to do that you are better off sticking with the first option or doing what I do which is use paper wallets.

I believe there is a way out of this. Usually you can just wait it out, but if it takes a substantial amount of time then you may have to take matters into your own hands. If you resend the transaction it will act as a double send and bring the money back to your account. I'm not entirely sure what this is or how to do it. There are some pages on google you can look up or other members on here who may help you out. Whatever, you do, don't worry your coins are not lost.

Yeah, well. If I had invested more before the August hard fork I'd probably have a lot more money lol. I had gambled bitcoin previously like you as well. I had forgotten about them. Years later down the road I remembered them. They are now worth a couple hundred bucks so that is nice. Back in the older days I tried to learn about bitcoin, but I was turned off by the fact that there wasn't anywhere to sell your bitcoins. There were websites everywhere for buying, but no sites up for selling. I then dismissed it as a Ponzi scheme. That was probably back in 2015 or so. Either way, it is worth a lot more now so I guess I slightly regret it. If I was to rewind back to that time without knowing what I know now I would have came to the same conclusion.

Bitcoin was shady as hell back then. It still is today, but just not as much.

The fact that BCH is forking again will probably have a big effect on its price. It is currently at an all time low and the fork won't be good for it. With B2X however, I don't see as many people saying "wow, it is so much better" like how people were doing with BCH. For this reason I believe BCH will last longer than B2X and will be considered more valuable. In the long run I expect both of them to collapse.

Your multiple choice poll makes no sense. FreeBitcoin? Bitcoin Gold?   I didn't even answer your poll, because it didn't make sense. Bitcoin surely cost money, but it isn't backed by gold either.

Your analogy example was somewhat entertaining though. It kind of dragged, but it was okay. One thing that you didn't consider, is the fact that you cannot eat a digital apple. You can have 1,000,000 digital apples and 1 regular apple. The only one that you can eat though, is the regular apple.

Sorry, but B2X is a trap. (Post being edited to include freaking picture... hang on)

edit: Okay here it is:  


I spent a long time trying to get this thing up here, so be happy that I did. I first tried to get the BB code from imgur... didn't work. Tried downloading it to reupload it... didn't work. Finally I linked youtube video to make a new post and was able to get the BB code there.

Okay, now for the reasons. BCH was garbage as well as BTG. These coins were specifically made to make money. When it comes to these coins there is always a premining and false crap about "Satoshi's ture vision" and what not. BCH is faster than BTC. B2X will be too. Guess what though, LTC is even faster than both of those. Bitcoin is on top for a reason. It is actually used in the world and has better developers behind it. The code for it is better and everyone knows it. All these forks are just hyped up and used against less understanding individuals to make money they are simply... you guessed it.

They are a trap!  

I don't want to be the barer of bad news, but mining is pretty much a waste of time. Unless you have like a huge plant that you own or a rig in your basement you're just wasting your time. Sorry, but there are easier ways to earn cryptocurrencies then draining your electric bill.

Also downloading client stuff puts you at more risk to having your systems compromised. Hackers could gain access to your devices and steal your money.

tl;dr: Don't mine.

It probably has a lot of negative press, because people are starting to realize how much crap these forks are. BCH was a pump and dump. BTG was a pump and dump (well this one never pumped, but the developers probably made money anyway). Chances are B2X is going to be a pump and dump as well.

Honestly, what is the point in making a 2x coin when BCH is 8x already? BCH sucks and most people know it. A few people were suckered in with the Satoshi-Nakamoto's-true-vision crap. I saw how cheesy and crappy the website was when it first came out. B2X will probably suck as well.

I'm not complaining though, because these forks are free money that you can sell or turn into BTC. This free money isn't actually free. It comes from suckers who actually believe in them.


By the way some people may look at crypto currency prices from $ perspective, but the best way to gauge its value is looking at its relation to BTC. If you notice carefully. BCH is at an all time low in comparison to BTC, but not when it is compared to $. This metric is better, because the more money in BTC, the more money in the crypto world in general.