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Author Topic: Bitcoin fork worries.  (Read 1007 times)
BillyBobZorton
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October 29, 2017, 04:58:49 PM
 #41

You have nothing to worry about. There's nothing to worry about. Just make sure your coins are in awallet that gives you access to private keys. Do not leave your coins in an exchange. Noone knows how the market will react, we are not see the future. Forks happen, just keep calm and relax.

Yes seriously. People freak out so much over forks. Remember how much hype the first one created? Maybe the price will crash and we will soon benefit from their stupidity.

I think from now on we will be seeing new coins with every fork. Btw yobit support the fork coins so you can keep your BTC there if you want. I had some left over from trades during the last fork so I got them early. It is safer to keep them yourself though.
Not surprising though. People do really freak out if theres a news about an upcoming fork and as a person doesnt really have too much knowledge then you will most likely ending up on selling out when you do see pricefalls.
Talking about keeping coins on yobit? I wont do such thing even though they would be the first to support fork coins.Better to keep it on electrum because im really convenient when i do have the full control of my coins and later on we can really claim those fork coins.

It's understandable. If I was new, I would also be asking questions and being worried about my bitcoins. But if I managed to learn and understand how this works, then anyone can because im not a genius. If you want to be safe with your bitcoins, then learn how to set up your own full node and stop worrying about what someone else is going to dow with your private keys. This is a BASIC lesson to learn in bitcoin. If you don't run a full node, you are not part of bitcoin, and you will lose them sooner or later.

If you run your own node, nobody can steal them from you (if you keep them safe, but my point is, no forking shit is going to affect you)
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arseaboy
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October 29, 2017, 05:05:17 PM
 #42

You have nothing to worry about. There's nothing to worry about. Just make sure your coins are in awallet that gives you access to private keys. Do not leave your coins in an exchange. Noone knows how the market will react, we are not see the future. Forks happen, just keep calm and relax.

Yes seriously. People freak out so much over forks. Remember how much hype the first one created? Maybe the price will crash and we will soon benefit from their stupidity.

I think from now on we will be seeing new coins with every fork. Btw yobit support the fork coins so you can keep your BTC there if you want. I had some left over from trades during the last fork so I got them early. It is safer to keep them yourself though.
Not surprising though. People do really freak out if theres a news about an upcoming fork and as a person doesnt really have too much knowledge then you will most likely ending up on selling out when you do see pricefalls.
Talking about keeping coins on yobit? I wont do such thing even though they would be the first to support fork coins.Better to keep it on electrum because im really convenient when i do have the full control of my coins and later on we can really claim those fork coins.
well with trusting the exchange its much better to place it inside your computer than to entrust it inside exchange wallet with current forking
i personally think that those who understand the risk are the one who's really earning from this system the more panics happen the more
chances for those people to freak out the market.

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ruthbabe
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October 29, 2017, 05:18:23 PM
 #43

Still new to this so i have a couple questions if thats ok. There are supposedly 2 forks coming up in OCT and NOV

Whats the different between these 2 forks?
Why are people more worried about the second one in NOV & Why will that one affect the price more?
Whos in charge of these forks? Bitcoin coders themselves or others?

Thanks!

The Bitcoin splits that happened this October is called Bitcoin Gold fork, while the fork that is projected to take place this mid-November is called Bitcoin Segwit2x fork. It's quite normal for people with big investments on Bitcoin to get worried because it might affect the price of Bitcoin to go down. 


Cryptoupp
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November 03, 2017, 12:26:55 PM
 #44

Still new to this so i have a couple questions if thats ok. There are supposedly 2 forks coming up in OCT and NOV

Whats the different between these 2 forks?
Why are people more worried about the second one in NOV & Why will that one affect the price more?
Whos in charge of these forks? Bitcoin coders themselves or others?

Thanks!

The Bitcoin splits that happened this October is called Bitcoin Gold fork, while the fork that is projected to take place this mid-November is called Bitcoin Segwit2x fork. It's quite normal for people with big investments on Bitcoin to get worried because it might affect the price of Bitcoin to go down. 



You are completely right. this fork may cause to people need to decide which one they are going to follow... I think it will be the most important fork so far..

Kemarit
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November 03, 2017, 12:37:13 PM
 #45

Still new to this so i have a couple questions if thats ok. There are supposedly 2 forks coming up in OCT and NOV

Whats the different between these 2 forks?
Why are people more worried about the second one in NOV & Why will that one affect the price more?
Whos in charge of these forks? Bitcoin coders themselves or others?

Thanks!

The October fork is for Bitcoin Gold. While this coming November this is Segwit2x fork, the main changes is that the blocksize would be changed from 1 MB to 2 MB. Though I haven't check with miners are supporting the Segwit2x activation though. Its says that it will happened on Nov 16, but we can't exactly pinpoint a exact date, but I think it should occurred in block 494,784. Of course we are worried because theirs uncertainty whether this one will be successful or not. Will the majority of miners support it? Remains to be seen.


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