HardFork What to do

[Darooghe]

All you need to do is to store your BTC in a hard wallet that u can acces the private keys.  don't use Coinsbase,Xapo, or any Bitcoin wallet that you cannot access your private keys. This is may result of losing your btc. Or Simply sell your Bitcoins now (2800$) price
into fiat and buy back again after segwit. I think this is like Ether price drop 40% quickly recover.

Rule of thumb is - make sure you're using a wallet that gives you access to your private keys.

I'd recommend either a Trezor or Ledger for a hardware wallet, or even a desktop wallet like Exodus. You'll be very safe that way. After the fork you can then decide what to do from there.

ELECTRUM or MULTIBIT wallets are not safe in this case?

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[Daydream 61]

All you need to do is to store your BTC in a hard wallet that u can acces the private keys.  don't use Coinsbase,Xapo, or any Bitcoin wallet that you cannot access your private keys. This is may result of losing your btc. Or Simply sell your Bitcoins now (2800$) price
into fiat and buy back again after segwit. I think this is like Ether price drop 40% quickly recover.

Rule of thumb is - make sure you're using a wallet that gives you access to your private keys.

I'd recommend either a Trezor or Ledger for a hardware wallet, or even a desktop wallet like Exodus. You'll be very safe that way. After the fork you can then decide what to do from there.

ELECTRUM or MULTIBIT wallets are not safe in this case?

I would also like to know . Thx

[HCP]

ELECTRUM or MULTIBIT wallets are not safe in this case?

I would also like to know . Thx

Electrum is fine... it provides easy access to private keys if required, and is regularly updated and supported. The dev has even created instructions for how to "split" your coins if required in the increasingly unlikely event that a hard fork happens... ref: http://docs.electrum.org/en/latest/hardfork.html

MultiBit (both Classic and HD) on the other hand... while they both provide access to private keys... should NOT be used for other non-fork related reasons... Classic is no longer maintainted and is VERY outdated... especially when it comes to fees. HD has some fairly major bugs that were reported as early as March/April and are STILL unresolved.... no updates visible on the code since March... and even the devs are saying to use Breadwallet and/or Simple Bitcoin Wallet to "rescue" your coins when their wallet craps out and you get the dreaded "Password did not unlock the wallet" issue. Additionally, HD does not provide "easy" access to your private keys... (Although it is "Seed" based and you can use the BIP39 mnemonic code converter to get access to keys: https://iancoleman.github.io/bip39/)

[BINAYKR]

I am not a tech guy and I don't understand this article - http://docs.electrum.org/en/latest/hardfork.html

Well I would like to know are they update their Windows Wallet application with both type of Bitcoin so the noob users don't have to do anything.

Thanks.

[kuyacardo]

there are two potential hard-forks that I can
think of Some miners most likely will not comply to BIP148. To ensure their chain is not reorged, a
hard-fork is necessary, unless their hashrate is
overwhelmingly higher. Since the hard-fork will
create another chain split, they may hesitate to
do it.

[HCP]

I am not a tech guy and I don't understand this article - http://docs.electrum.org/en/latest/hardfork.html

Well I would like to know are they update their Windows Wallet application with both type of Bitcoin so the noob users don't have to do anything.

Probably not... Electrum doesn't need to change anything to continue working as designed... it will happily connect to Electrum Servers and retrieve the information as required. If a fork happens and you want to follow both sides of the split, you'll need to do it on your end.

If that is too much trouble for you, then just sit tight... Electrum allows you to have easy access to your private keys... so you can just export them and import them into "OtherSideOfTheSplit" wallet as required to access coins on the other chain if required.

[jtx71]

What to do if you run a node?
If you run Bitcoin Core 0.14.0 is it good to update to the 0.14.2 before August 1st? Or better do nothing?

[chichigirl]

I recently sold my bitcoin at 2,500usd just to be safe until August one because I don't trust bitcoin wallets. I will buy bitcoin after the hardfork updates.

[BitcoinNewsMagazine]

Because Bitcoin ABC built two way replay protection into the client the easiest way to claim your BCC is to have your bitcoin in Bitcoin Core before the hard fork. After the hard fork copy your pre-fork wallet.dat over to the Bitcoin ABC 0.14.5 client, or import your private keys. If you are using a hardware wallet the manufacturer should do the BTC/BCC split for you, or provide a tool to do so.

[italianMiner72]

When chain split and everybody get BTU what about Exchange address . ? Will your BTC lying there get BTU to, or will exchange get it and we rely to get it from them. Seems there is allot of wriggle room for loosing BTC while both chains so similar "For the Anonymous Hacker that always slip away with funds"

Is it better to have BTC off site and not send while and after for a time to be safe,while two branches similar allot can go wrong in transactions i guess.
 
Its sad that BTC market can be so taken over. Not that the confused market will regain trust soon and in what coin the confusion and distrust will set us back years if not open another coin as KING.Just a coin monopolized by the rich . I understand the view of miners and the mining EQ supply buissines is huge so Hard Fork will have more support i suppose but the faith in it i dont know .


Sorry i just saw this https://bitcointalk.org/index.php?topic=2017191.0

i can suggest you to put your bitcoin in a wallet when you can access to private Keys..
if fork will occurs, do not use your bitcoins for some days, until all will work fine...
then you shall download the new wallet for the forked chain and you will import the PK into...
Then you will have the same amount of btc on the old chain and in the new one.

[BitcoinNewsMagazine]

If you have your bitcoin on a Trezor you will also have access to BCC https://blog.trezor.io/bitcoin-cash-hard-fork-chain-split-safe-guide-abbe3e9c553f

[jt byte]

They are saying to not do anything except for taking out your bitcoins on known exchanges as they will have problems after the day it happens.
They will not know and recognize what you had before the chain split happens.

[italianMiner72]

They are saying to not do anything except for taking out your bitcoins on known exchanges as they will have problems after the day it happens.
They will not know and recognize what you had before the chain split happens.

yes.. this is the most important thing.
Do not store bitcoin an Exchange.
There, you cannot access to your private Keys...
and if so, you cannot import it in other forked wallet

[thadeius]

Why not 3 or even 4 Chains? Even more Profit?

Economic basics aren't very strong on this forum.

[thadeius]

Please never keep BTC on an exchange.

This goes against crypto. You are submitting yourself to a centralized authority.

If you do not own the private keys, you do not own the coins. Simple as that.

[tiger2monkey]

Make sure you have access to your BTC's private key before the fork. Hold tight as the price volatility of BTC and BCC will be high after the fork. 

[Lunavan]

Can transactions be reused on both chains? If I send bitcoin from one address that has a private key with both types of bitcoin on it, can that transaction be cloned and broadcast to another chain? 

[gkv9]

Buying a Trezor would help the most, but if not then I guess you should definitely import your private keys and keep them with yourself and delete them from any other third party sites and/or you should not keep your coins on any exchanges... It seems that the situations are worsening and BCC is about to be released for sure as miners are interested in running a different chain with a different coin, but let's see how it all goes...

[altcoinrocker.xyz]

Just a few questions please..

If there are more than 16.3 Million BTCs right now, and BTC holders will gain free BCC due to the Aug 1 fork at a 1:1 ratio, does this mean they are giving away 16.3Million+ x $400 worth of BCCs? Is BCC already backed by Fiat, or BCC initially has no value but will gain value once the holders of the free BCCs start selling and people start buying this new coin idea?

I am quite curious because at some point I thought this is somewhat like a cryptocurrency inflation.. but I'm a newbie so I most certainly might be wrong.

 

[bit1]

Just a few questions please..

If there are more than 16.3 Million BTCs right now, and BTC holders will gain free BCC due to the Aug 1 fork at a 1:1 ratio, does this mean they are giving away 16.3Million+ x $400 worth of BCCs? Is BCC already backed by Fiat, or BCC initially has no value but will gain value once the holders of the free BCCs start selling and people start buying this new coin idea?

I am quite curious because at some point I thought this is somewhat like a cryptocurrency inflation.. but I'm a newbie so I most certainly might be wrong.

 

The value is always determined by the market, Also remember that not all BCC are claimed or will never be claimed for many reasons, It can be said that the price is backed by buying walls in the exchanges, So the price is determined based on the law of supply and demand, An imbalance moves the price in some direction.