jusplayin
Newbie
 Offline
Activity: 17
Merit: 0
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July 28, 2017, 02:41:13 AM |
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I'm using Kraken
How about i move all BTC to fiat currency instead?
And then buy back BTC whenever i feel like it might be going the right direction?
And also, i have a few other coins like ETH, LTC.
Should i convert them all to fiat or only BTC?
What would be your advice
Thank you
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carlfebz2
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July 28, 2017, 03:01:00 AM |
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Hey guys,
Hearing so many things about the August 1 fork that i really don't know if i should keep or remove my BTC from Coinbase.
What you guys think? Its safe to keep them there?
Thanks.
I would rather choose to use Bittrex wallet than coinbase knowing that they dont want to support bcc which means if theres a split then you wont still able to get those bcc because coinbase doesnt support split unlike on bittrex or any exchanges which do implement or update when theres a split btc: bcc 1:1 ratio which means you can possibly get those 2 coins.If you can risk your bitcoin to have bcc then it would be fine but for me i wouldnt do such thing i would rather choose up electrum to store my bitcoins. |
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Wowcoin
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July 28, 2017, 03:12:49 AM |
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Hey guys,
Hearing so many things about the August 1 fork that i really don't know if i should keep or remove my BTC from Coinbase.
What you guys think? Its safe to keep them there?
Thanks.
Don't use coinbase i think you can use electrum that is much better than coinbase. Or you can cash it out your bitcoin for temporary only then after August one buy again bitcoin. |
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cramcram21
Sr. Member
Offline
Activity: 854
Merit: 251
★777Coin.com★ Fun BTC Casino!
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July 28, 2017, 03:18:28 AM |
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You should really move it since Coinbase is a third-party wallet,
I heard that you shouldn't keep your coins in such wallets before the segwit or hardfork .
If you want you could try to search for some offline wallet or invest it in alt-coin for trading.
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krishnapramod
Legendary
Offline
Activity: 1470
Merit: 1078
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July 28, 2017, 03:28:40 AM |
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I'm using Kraken
How about i move all BTC to fiat currency instead?
And then buy back BTC whenever i feel like it might be going the right direction?
And also, i have a few other coins like ETH, LTC.
Should i convert them all to fiat or only BTC?
What would be your advice
Thank you
A confused contradiction, should I convert my BTC to Fiat or should I convert my alts to BTC, fiat or BTC? Personally I do believe that Bitcoin price will hit $3K once Segwit gets activated, by the last week of August, not an investment advice, just an intuition. Bitcoin was and is going in the right direction, if temporary hiccups and price fluctuations means wrong direction then you aren't yet ready for Bitcoin. Funds are yours so choice is yours, you can convert BTC to Fiat or alts to Fiat/BTC, and buy back whenever you feel it is going in the right direction. |
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novaprime
Sr. Member
Offline
Activity: 812
Merit: 251
UniDApp - it's DeFi time!
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July 28, 2017, 03:36:14 AM |
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Do not keep Bitcoin in coinbase because it is very dangerous, coinbase does not support when splitting occurs. I think you should choose Bittrex because it supports decomposition if it happens.
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Twipple
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July 28, 2017, 04:03:45 AM |
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Do not store coins on Coinbase. They sent out an email today warning against it.  You will lose all your coins incase a fork happens. I wish they supported it incase it happens. Not a wise move on their end. |
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HabBear
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July 28, 2017, 04:11:03 AM |
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Do not store coins on Coinbase.
They sent out an email today warning against it.
You will lose all your coins incase a fork happens. I wish they supported it incase it happens. Not a wise move on their end.
Wow, this is totally inflammatory. Do you work for CNN? Coinbase didn't warn against the fork, the said they'd only be supporting BTC and if a customer wanted the option of having BCC they should withdraw their funds from Coinbase. It's a pretty sensible thing to do for their customers, being honest. And the statement "you will lose all yoru coins incase fork happens" is lacking of fact at best and a straight out lie at worst. You won't lose ANY coins. With Coinbase you'll keep the Bitcoin you have...it just may not be worth as much if the rest of the world abandons BTC. Stop spreading the FUD! |
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jusplayin
Newbie
Offline
Activity: 17
Merit: 0
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July 28, 2017, 04:42:52 AM |
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I'm using Kraken
How about i move all BTC to fiat currency instead?
And then buy back BTC whenever i feel like it might be going the right direction?
And also, i have a few other coins like ETH, LTC.
Should i convert them all to fiat or only BTC?
What would be your advice
Thank you
A confused contradiction, should I convert my BTC to Fiat or should I convert my alts to BTC, fiat or BTC? Personally I do believe that Bitcoin price will hit $3K once Segwit gets activated, by the last week of August, not an investment advice, just an intuition. Bitcoin was and is going in the right direction, if temporary hiccups and price fluctuations means wrong direction then you aren't yet ready for Bitcoin. Funds are yours so choice is yours, you can convert BTC to Fiat or alts to Fiat/BTC, and buy back whenever you feel it is going in the right direction. Thank you for your reply The reason for me to wanting to move to fiat is that i 'think' that it will swing up and down with all these uncertainties. So might as well try and sell at a high price and buy in again at a low price. There are many stories about coinbase and others moving their btc's to offline wallets, but i do think that the split opens up some interesting day trades too. Since Coinbase does not support BTCC, would Kraken support both? i could not find much about this |
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KesoNie
Copper Member
Sr. Member
Offline
Activity: 672
Merit: 270
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July 28, 2017, 05:14:48 AM |
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You should keep your bitcoins in the wallets that supported the possible BIP for the august 1 because if they don't support the BIP for august 1 then there is a possibility that you will lose your bitcoin and you will lose all the possible money that you have. If i were you, i will just keep my bitcoins in electrum because it supports the possible BIP and it is a safe wallet.
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krishnapramod
Legendary
Offline
Activity: 1470
Merit: 1078
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July 28, 2017, 05:41:21 AM |
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I'm using Kraken
How about i move all BTC to fiat currency instead?
And then buy back BTC whenever i feel like it might be going the right direction?
And also, i have a few other coins like ETH, LTC.
Should i convert them all to fiat or only BTC?
What would be your advice
Thank you
A confused contradiction, should I convert my BTC to Fiat or should I convert my alts to BTC, fiat or BTC? Personally I do believe that Bitcoin price will hit $3K once Segwit gets activated, by the last week of August, not an investment advice, just an intuition. Bitcoin was and is going in the right direction, if temporary hiccups and price fluctuations means wrong direction then you aren't yet ready for Bitcoin. Funds are yours so choice is yours, you can convert BTC to Fiat or alts to Fiat/BTC, and buy back whenever you feel it is going in the right direction. Thank you for your reply The reason for me to wanting to move to fiat is that i 'think' that it will swing up and down with all these uncertainties. So might as well try and sell at a high price and buy in again at a low price. There are many stories about coinbase and others moving their btc's to offline wallets, but i do think that the split opens up some interesting day trades too. Since Coinbase does not support BTCC, would Kraken support both? i could not find much about this Yeah, Kraken supports both. On August 1 2017 at 12:20 pm UTC a small community of Bitcoin users is planning a hard fork from Bitcoin to an alternative protocol called “Bitcoin Cash” (BCH). Bitcoin Cash is expected to be a minority chain, with the vast majority of the Bitcoin community remaining on the chain that activates Segregated Witness.
All Kraken clients holding Bitcoin (XBT) balances at the time of the fork will be credited with an equal amount of Bitcoin Cash (BCH) http://blog.kraken.com/post/163504189522/bitcoin-cash-and-a-critical-alert-for-bitcoinConverting to Fiat is a far fetched option, just move your funds from exchanges or online wallets to where you have access to private keys. If not paper or hardware wallets then use desktop wallet like Electrum or Android wallet like Mycelium or breadwallet. If you have access to private keys then you can have these free coins, Bitcoin Cash by importing your private keys to BCC supported wallet, but by doing so you will be exposing all you Bitcoins associated with that key to the BCC wallet you decide to use. |
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landslide
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July 28, 2017, 05:42:31 AM |
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I would probably keep the bitcoin in my own wallet, it's always safe this way. You never know what will happen to the online wallet.
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audaciousbeing
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July 28, 2017, 05:47:19 AM |
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Hey guys,
Hearing so many things about the August 1 fork that i really don't know if i should keep or remove my BTC from Coinbase.
What you guys think? Its safe to keep them there?
Thanks.
Did you even bother to read the various threads on this forum regarding this in the last couple of days? Even this morning I got a mail from coinbase stating specifically the outcome of the August 1 fork and how they will only be supporting just one coin and the other thrown away. And they have given the time frame to withdraw which I feel any serious person should utilise and not come and shout scam days after when BCC is now increasing in value. |
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joe50
Member
Offline
Activity: 117
Merit: 63
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July 28, 2017, 05:56:07 AM |
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what about yobit, is it safe too? but they sent message to their clients thus: YoBit is ready for Bitcoin wallet update (1 or 2 forks). Btc deps/wds will be disabled on 31 jul - 1 aug. |
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po0h
Jr. Member
Offline
Activity: 57
Merit: 10
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July 28, 2017, 06:00:25 AM |
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In coinbase now big fee yes
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ice18
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July 28, 2017, 06:21:28 AM |
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For assurance and security of your btc if I were you I will not hesitate to withdraw all my btc on exchanges and put it in my own private wallet you can do it in just 15 minutes and you're totally safe from the incoming segwit if you have no personal computer smartphone will definitely do the job just install mycelium on google playstore.
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