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Author Topic: what is the best when HARDFORK happen, we have bitcoin or we sell bitcoin?  (Read 323 times)
endaiin (OP)
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June 15, 2017, 06:01:16 PM
 #1

what is the best when HARDFORK happen, we have bitcoin or we sell bitcoin? Huh
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Dude.Lebowski
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June 15, 2017, 06:12:22 PM
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what is the best when HARDFORK happen, we have bitcoin or we sell bitcoin? Huh

Keep your Bitcoin in your own personal wallet during forktime and you have full control.

This will be an interesting time for Bitcoin but when it's all over you can be sure Bitcoin will be stronger than it is now.

Repeat. Keep your money in Bitcoin but don't keep it on an exchange or hosted wallet.

Any wallet where you have your own secret keys aka. Seed phrase is fine.

Okay. The old man told me to take any rug in the house.
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June 15, 2017, 06:19:35 PM
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what is the best when HARDFORK happen, we have bitcoin or we sell bitcoin? Huh

It largely depends on your priorities and preferences.  If you value your fiat more than you value your crypto, it may be worth selling under the assumption that the price will drop further.  But if you value your Bitcoin more than your fiat, it's probably safer to hodl in case you can't buy it back cheaper at a later point.  Ultimately it's a choice you'll have to make for yourself, because no one knows for certain how it's going to play out and any choice has its potential pitfalls.

But yes, if you do decide to hodl, do it somewhere safe where you have full control over the keys.  Don't leave your coins in a webwallet or exchange, because there's no guarantee they'll honour the coins on your preferred fork.

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