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Author Topic: How to be safe during Bitcoin fork  (Read 238 times)
dutchkay (OP)
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October 22, 2017, 03:09:38 PM
 #1

Will like to hear your thoughts during Bitcoin coming fork and best way to benefit from it.
CryptoX5
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October 22, 2017, 03:11:07 PM
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Will like to hear your thoughts during Bitcoin coming fork and best way to benefit from it.

What do you mean by "safe"? What exactly are your concerns?
dutchkay (OP)
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October 22, 2017, 03:12:49 PM
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I mean best way to safeguard your bitcoin and also benefit from the fork
Coffee135
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October 22, 2017, 03:20:44 PM
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Favor we are now retrieved everything. The price of bitcoin rose to $ 6000 and it is only because of the fork. This is the only benefit we can get. This profit you can get only in the case if you sell bitcoins now. Then the price will fall. If you are interested in safe storage of coins during the fork, all e-wallets are quite suitable for these purposes.
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October 22, 2017, 05:06:03 PM
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The basic advice is to keep your money in a wallet with a private key, don't keep it on a public exchange. If you don't mind taking a risk, though, having it on an exchange may allow you to sell the new coin sooner (and therefore at a higher value). Maybe.

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SyGambler
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October 22, 2017, 05:09:57 PM
 #6

Will like to hear your thoughts during Bitcoin coming fork and best way to benefit from it.

as long as you have your bitcoins in an address that you own the private key you should be fine , if you find it complicated there is a better option
you can deposit your bitcoins to a site that will give the users their bitcoin gold , many sites announced about that but still the matter of trust is important
personally I have tried crypto-games with the last fork and they paid all their users quickly , so in case that you don't want to do the work you can use crypto games

at the end it's your call to make
Zagitta
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October 22, 2017, 05:24:06 PM
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You need to have your Bitcoin stored in a wallet which you, an no one else controls the private keys to. This is the only way to officially keep them secured during the fork.

Wipro
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October 22, 2017, 05:33:01 PM
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Will like to hear your thoughts during Bitcoin coming fork and best way to benefit from it.

as long as you have your bitcoins in an address that you own the private key you should be fine , if you find it complicated there is a better option
you can deposit your bitcoins to a site that will give the users their bitcoin gold , many sites announced about that but still the matter of trust is important
personally I have tried crypto-games with the last fork and they paid all their users quickly , so in case that you don't want to do the work you can use crypto games

at the end it's your call to make

Every bitcoin wallet expect the private key to check it up for the bitcoin gold rewards after the hard fork in November. If you really want your bitcoin itself safe keep your private key and don't share it for any purposes and keep your wallet.dat file of your bitcoin wallet.
Yobit also gonna start the bitcoin gold trading in sometime and electrum will give a reward for the bitcoins you have.
btcprospecter
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October 22, 2017, 05:33:49 PM
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I took what was on exchange and put into wallet. I kinda forgot about some last fork round. At least I can control it now.

hatshepsut93
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October 22, 2017, 05:38:20 PM
 #10

Will like to hear your thoughts during Bitcoin coming fork and best way to benefit from it.

1. Move your coins from any online wallet before the fork.
2. Try to not send or accept any transactions during the fork.
3. Use Bitcoin Core client - SPV wallets may be vulnerable to SegWit2x attack.
4. If you are installing a new wallet, make sure to verify the source, since there can be maliciously modified wallets.
5. Don't hurry to claim you forked coins, learn the correct procedure first.
XCANA
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October 22, 2017, 05:43:32 PM
 #11

Will like to hear your thoughts during Bitcoin coming fork and best way to benefit from it.
Well for you to benefit from the coming Fork is for you to remain steadfast with your coins in your wallet and not to join those who sell as a result of panic because of the coming Fork.   

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