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Author Topic: Are you going to keep your BTC on exchange during the upcoming forks?  (Read 2264 times)
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October 16, 2017, 06:46:40 AM
 #21

It's better to store your bitcoin which you hold your own private key better to safe than sorry. On last fork i withdraw some of my btc and luckily bittrex support bch

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patrickj
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October 16, 2017, 08:00:58 AM
 #22

Last forks, I did not hold my bitcoin because I do not have one because I withdraw all my money. But since I have in some exchanges I will rather because I bought some token and waiting to make profit from it. Whatever happens to forks I won't act to sell my bitcoin because I knew it will not be easily gone. Besides, it is so little portion of my money been there.

I have some question, the one that I have in the exchanges is not bitcoin but altcoins. Will it be included in the said fork or it is only intended for bitcoin?
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October 16, 2017, 08:56:42 AM
 #23

Yes, I want to keep my Bitcoin on the exchange during the upcoming hardfork. At the previous hardfork I kept my Bitcoin in Bittrex. Bittrex support harfork. And it gave me BCC into my Bittrex wallet.
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October 16, 2017, 09:24:32 AM
 #24

Yes, I want to keep my Bitcoin on the exchange during the upcoming hardfork. At the previous hardfork I kept my Bitcoin in Bittrex. Bittrex support harfork. And it gave me BCC into my Bittrex wallet.
I agree with you . Bittrex is the best exchange I know because this exchange is easier to use than other exchanges and is my main wallet every time my trade. I think the next Hardfork event Bittrex will give everyone BTG
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October 16, 2017, 09:28:49 AM
Last edit: October 16, 2017, 09:24:24 PM by Bagaji
 #25

The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin.

So, I'm curious to ask traders two things:

1. Did you hold your BTC on exchange on August 1st?
2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork?
To be on a safer side I will do what i did during the last Fork in August. I left 30 percent of my Bitcoin in my account with poloniex exchange despite the warning that it is risky to leave your Bitcoin with an exchange or save in an online wallet, and at the end I was comperciated.

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October 16, 2017, 09:41:27 AM
 #26

its depend but for the safety of my bitcoin i will keep it in the electrum wallet anything can happen about the hard fork my bitcoin investment are in the safe, people learn about the fast problems of bitcoin many trials for bitcoin still in strong stability.

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October 16, 2017, 09:55:15 AM
 #27

The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin.

So, I'm curious to ask traders two things:

1. Did you hold your BTC on exchange on August 1st?
2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork?

ayay sir, keep hold on exchange.
because 0conf is hurt when try to transfer balance  Undecided

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October 16, 2017, 10:00:25 AM
 #28

If the exchange is transparent on the happenings regarding the fork then why not? But i would extremely recommend to keep your btc on wallet who have private keys so that we will be safe and can able to get the bitcoin gold without any hassle. And this one should really needed to do by the people so that they will not get any bad aches for doing some lazy acts during the fork.
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October 16, 2017, 11:14:02 AM
 #29

The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin.

So, I'm curious to ask traders two things:

1. Did you hold your BTC on exchange on August 1st?
2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork?

I thinks hoarding my bitcoins in this upcoming forks is the best way,because we do not know what would happen in exchange except the  transaction are  in transparent ways.
To prevent in application new technology of segWit all  we can do is be patience and wait the time that things back to normal.

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October 16, 2017, 03:08:37 PM
 #30

Bittrex and Poloniex are going to support bitcoingold after the fork, and they are going to distribute them with the users, it means that you are going to receive the equivalent of your bitcoins in btg, it is nice because i remember that in the last fork Poloniex took more than two weeks to receive the bitcoincash.
But of course not, i will hold my bitcoins in my offline wallet, because i am going to receive them in there too.

 
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October 16, 2017, 03:13:17 PM
 #31

The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin.

So, I'm curious to ask traders two things:

1. Did you hold your BTC on exchange on August 1st?
2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork?

Ya i had hold my BTC on exchange on August 1st, that is why i was able to sell my BCC coins on high rate before everyone got it. And i am going to do it this hardfork time also as my exchange yobit is supporting it,

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October 16, 2017, 03:26:18 PM
 #32

It's not a good idea to hold all of your funds on an exchange, that's too risky. you should only keep what you want to trade with. and hold the rest in a safe wallet.
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October 16, 2017, 03:33:30 PM
 #33

The previous fork, I only received a portion of what I'm supposed to get, and that's because I kept my coins on an exchange that doesn't fully support the split during that time. A month later, they decided to give their users their share of the split during that day's conversion rate. It was unfair, but at least they have given something to their customers. I'm not making the same mistake again and I'll keep my own coins in my own wallet to take advantage of the upcoming split.
Almost everyone has received some share of the bitcoin cash as a result of the previous segwit2X. But it is still way risky to keep your coin on an online wallet. I suggest everyone to not to put your coins in any kind of risky situation. As even if you get some reward is it very much little as compared to the ratio of the risk which is quite high. I am not going to put my bitcoin in any online wallet.
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October 16, 2017, 03:34:51 PM
Last edit: November 20, 2017, 04:09:56 PM by cruso
 #34

Nope, I will be holding my bitcoins. I don't trust exchanges anyways, look at bittrex now, polo with daily complaints, who next. With the upcoming 'airdrop" , it is best to hold me coins.
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October 16, 2017, 03:37:11 PM
 #35

No I don't think so...)
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October 16, 2017, 03:37:41 PM
 #36

This is possible because I have received my free BCC exchangers bitcoins during 1st fork and will do it again but with Coinomi's Coin apps because they are faster and fair they will be giving our free BCC on first Forking. But we still do not really 100% sure things happen so it's more bitter that you keep your bitcoins on a secure wallet that you are able to hold your private keys so that's not a problem when it's Hard fork are implemented

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October 16, 2017, 03:38:34 PM
 #37

The common advice for a fork is to move your money away from any online wallet and store it safely in your own wallet. And this is in fact a really good advice, because it's always safer to store your coins by yourself. But after August 1st some people who followed this advice started making angry posts about how they regret listening to it because they missed on an opportunity to sell their BCH coins while the markets were closed for deposits for that coin. This showed that holding your money on exchange is a risk that also has a potential reward - immediate access to a closed market for a forked coin.

So, I'm curious to ask traders two things:

1. Did you hold your BTC on exchange on August 1st?
2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork?

Ya i had hold my BTC on exchange on August 1st, that is why i was able to sell my BCC coins on high rate before everyone got it. And i am going to do it this hardfork time also as my exchange yobit is supporting it,
wow there's a lots of exchange that will be able to take care of our coins and for all of the sudden you mention yobit to be your choice? I'm just surprise
after so many complain about that platform but its your own decision and you made it from the first one with bcc so good luck to you I will also try some btc inside trex if they will announce to fully supporting the fork.

 
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haroldtee
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October 16, 2017, 03:53:30 PM
 #38

Yes, I want to keep my Bitcoin on the exchange during the upcoming hardfork. At the previous hardfork I kept my Bitcoin in Bittrex. Bittrex support harfork. And it gave me BCC into my Bittrex wallet.

It is funny seeing the number of people who are willing to leave their funds on exchanges. Sure, things really went pretty well the last time and I am not surprised people can really change their mind or try to gamble the safety of their asset based on that. However, it is always better to play safe and at least not to put everything you have in an exchange hoping for the same thing. It is hope and a high risk that would pay but at thesame time be a crazy loss if things should go wrong.
btcdevil
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October 16, 2017, 03:57:27 PM
 #39

Last hardfork i was not able to claim due to i am in signature campaign and i dont want to change my receiving wallet address. I have withdrawn all my btc to my desktop wallet but due to wallet conversion problem i did not claimed BCC till now. But this time i am thinking of keeping some bitcoins in exchange which is supporting Bitcoin gold hardfork so that i can get some free coins and enjoy the free bitcoins.
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October 16, 2017, 04:04:27 PM
 #40

The advice should stay the same, as the point is really the same, control your funds or risk them by trusting a service. In my case, most of my risked Bitcoins were already held at a site which committed to provide an equal amount of BCC/H. I was unlikely to have withdrawn them anyway had they not made their commitment. These were coins I'd already risked by trusting that service, since the benefits I gained required that trust.

A very small portion was left at an exchange that actually distributed BCC/H on the day of the fork. I liquidated all of it immediately and was able to take advantage of a price close to ATH. The same principle here. I'd already risked my BTC there for trades.

Now the coins I consider my savings/holdings, these are always in my own wallet.

I guess what I'm trying to say is, fork or no fork, the principle is always, trust no one but yourself with your coins. If you have to use a service, that's always going to involve you trusting them.

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