Are you going to keep your BTC on exchange during the upcoming forks?

[Mpamaegbu]

More like once "beaten twice shy ". Your response have taught me something. I have to follow in the holding too because I do desire to get some of that benefit but don't know how the advantage will be, is it going to be like percentage or something....

No, it is not done in percentage. It is on ratio according to the last fork. It was on 1:1. It meant that 10 btc gave you 10bitcoincash. And 3btc was equal to 3bch. So, we also expect such sharing formula with this fork.

[1715109457]

1715109457

[Zadicar]

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.

We do have the same experience which i do only get the partition which is based on the current rate which isnt being based on those fork event rates and yet they do give 3 months later which i do say its already long.That was really a lesson learned for us which i didnt tend to make the same mistake again specially on this upcoming fork.I would rather store up my coins on Electrum which i can somehow guarantee to recieve exact numbers of BTG.

[kevoh]

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?

1. I moved my BTC to a cold storage wallet and I do not regret the choice and moved on immediately.

2. Right now I am in an exchange and will be hodling till after the said dates. if there's a negative outcome of my choice, I doubt if I would whine about it.

In conclusion, people should ensure their BTC are in a trusted exchange.

[Sewarlock]

I'd recommend not to keep your BTC on an exchange during the fork. There have been many modifications and as suggested by a lot, it's better to make sure that your wallet provider supports the new enhancements and changes to the fork. Check with them if they will issue BTC gold and have your stacks stored based on that. You can send your BTC after to any exchange and start trading again, but remember what happened with the previous fork.. it was mayhem during the first days and weeks but suprisingly Bitcoin Cash is still alive, who knows for how long though.

[Bluebutterfly]

you can keep your BTC on your wallet and ask for BCG when the fork is done.

[lady Royal]

I really don't care that much, I will keep my coins. Yes, I will withdraw all my coins if I see that price is going down because I don't want any loss. However, I guess the price will go up more after the fork what are you guys predicting?
Also, I am going to hold my Bitcoin in my wallet not in an exchange or anywhere, Maybe I will upload all the coins in offline wallet.

[yrreg ger]

I'd recommend not to keep your BTC on an exchange during the fork. There have been many modifications and as suggested by a lot, it's better to make sure that your wallet provider supports the new enhancements and changes to the fork. Check with them if they will issue BTC gold and have your stacks stored based on that. You can send your BTC after to any exchange and start trading again, but remember what happened with the previous fork.. it was mayhem during the first days and weeks but suprisingly Bitcoin Cash is still alive, who knows for how long though.

Yes it is not recommended to keep your bitcoins or any of your tokens in the exchanges when there is a fork happening. The chance that your coins will be affected and will be lost is high if that exchanges made any changes or modifications. It is highly recommended to take out your coins in exchanges and then keep it into safer wallets if you don't want your hard work to go to waste. For me, I will hold my bitcoins in my wallet even if there will be a hard fork coming. I know that bitcoin will surpass this again and I believe that its price will skyrocket again.

[n691309]

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 am not making a mistake like that. Although some exchanges like bittrex did a pretty good job and quickly gave their users the other side of the chain to decide what to do with it while some waited for so long until the price has finally bounced almost to the grave before doing so.

It is best I put my funds in any wallet where I have my private keys and after the fork, once the coast is settled, I do the needful and move my things. However, just a little will be in bittrex for exchange purposes but nothing more than I can afford to lose in case something goes wrong.

[hisuka]

I really don't care that much, I will keep my coins. Yes, I will withdraw all my coins if I see that price is going down because I don't want any loss. However, I guess the price will go up more after the fork what are you guys predicting?
Also, I am going to hold my Bitcoin in my wallet not in an exchange or anywhere, Maybe I will upload all the coins in offline wallet.

I do not save bitoin in the exchange as this has the high risks of getting loss all your funds in the exchange. I still prefer holding or I keep btc in other wallet wereas I can save all my hard earn btc in a wallet.

[KingdomHearts]

During last hardfork August 1st i kept small portion of bitcoin in yobit and other wallet and main bitcoin balance was in desktop wallet, as soon as the hardfork happened i immediately received BCC/BCH coins in exchange like yobit and was able to sell them on high rate but i was not able to claim my hardfork coins for bitcoins kept in desktop wallet due to risk of getting the wallet hacked and have to create new wallet and i dont want to take risk. So this time i am thinking of transferring all my bitcoins to yobit wallet and as soon as hardfork happen i will withdraw it and just sell the hardfork coins at high rate.

That would be a pretty big mistake though but the choice is yours and I hope you will be able to own up to it if anything goes wrong. I am not saying these exchanges are not trying to stay on top of their game, but you have no control of your funds and what if something goes wrong ? Are you really willing to give it up for not being able to exchange at a better price ?

I will advise if you want to capitalize on that, you can move some small part to yobit and then leave some in your wallet, in that way you divide the risk. However, the choice is yours, so I cannot make decisions for you, just a suggestion to a folk.

[wuvdoll]

No.This time I am not going to do it.but previous hardfork I kept my coin into bittrex and cryptopia and both of the exchange platform support harfork and give me BCC into my wallet.

I can see exchanges has really done a good job on people's mentality of leaving their funds in exchanges during a fork due to the last one that occurred. Sure, no one wants to miss out on having the forked chain quickly so as to dump it as far as possible but it is too much risk and a gamblish decision to make.

What if things ended up not going on as expected. I am not trying to be pessimistic here but just being realistic. However, it is all good and I hope the exchanges don't end up rendering people crazy this time around.

[tobs]

Actually, last time during the 1st August fork, I've got some small part of bitcoin left on the exchanges and actually I really enjoyed the way they did it, as they have autmatically splited my coins and I was able to sell the fork ones immiediately, without having to worry about new wallets or slow transaction times. However, I wouldn't risk with holding any significant amount as it's always better to control your wallet the funds, but I don't complain about execution of the last fork.

[lady Royal]

I really don't care that much, I will keep my coins. Yes, I will withdraw all my coins if I see that price is going down because I don't want any loss. However, I guess the price will go up more after the fork what are you guys predicting?
Also, I am going to hold my Bitcoin in my wallet not in an exchange or anywhere, Maybe I will upload all the coins in offline wallet.

I do not save bitoin in the exchange as this has the high risks of getting loss all your funds in the exchange. I still prefer holding or I keep btc in other wallet wereas I can save all my hard earn btc in a wallet.

Can you explain how we can lose all of your Bitcoins saved in exchange lost during the hard fork? However, I have withdrew all my coins to offline wallet they are saved now? Or should I exchange them in local currency, What kind of risk we are having?

[jaocoincrypto18]

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?

Yes i will hold it to our local exchange because it is better to have no investment but my coins are safe than continue to expect gaining investment but our coins is at high risk. Our local wallet are guaranteed safe and can be trusted specially after the Aug 1 fork therefore still i will do tha same in order for my bitcoins is 100% safe then i will trade it after segwit2X if everything is safe. Better be safe than regreting of losing our bitcoin forever.

[jayroc]

Don't trust any exchange EVER! They can cut off access to your funds anytime.

[Monnt]

Actually, last time during the 1st August fork, I've got some small part of bitcoin left on the exchanges and actually I really enjoyed the way they did it, as they have autmatically splited my coins and I was able to sell the fork ones immiediately, without having to worry about new wallets or slow transaction times. However, I wouldn't risk with holding any significant amount as it's always better to control your wallet the funds, but I don't complain about execution of the last fork.

If everything can work pretty fine as it happened last time during the BCC fork, it will obviously be a seamless ride but it is just too risky. I could gamble some exchanges like bittrex but not all exchanges and it is even always better to know their level of support for the forked chain before going ahead.

Hopefully, they do the needful again this time around at least it won't cause people having to use their private keys all by themselves before some newbies end up getting themselves screwed.

[btc-facebook]

I'm usually keep it on local exchanger since I've trust them over 2 years and everything still fine until now
Of course I'm not keep them all at one place, I've also my own electrum wallet in order to prevent something bad happen

[naidray]

you can keep your BTC on your wallet and ask for BCG when the fork is done.

You cannot just keep your funds in any wallet and hope to just ask for BTC and get it. If it works that way no one will be asking. If you want to keep it in a decentralized wallet, make sure you know how to handle private keys without you fumbling and losing all your assets and if you are using a centralized wallet or an exchange, it is best you find out if they will be supporting the forked chain or not, otherwise you will get nothing if they aren't.

[alan2here]

I always keep my BTC on the Bittrex or Poloniex exchanges because they always support the user very well and in August I got the BCH from this exchange and in the near future they will definitely support the BTG.

[kevpantof]

I'm usually keep it on local exchanger since I've trust them over 2 years and everything still fine until now
Of course I'm not keep them all at one place, I've also my own electrum wallet in order to prevent something bad happen

I always leave my Bitcoin in one trusted exchanger wallet. During August 1 (Bitcoin Cash) fork, I wanted to withdraw all the money I invested in there, but before I could do it, it was already late, so I left it there. After the fork it was safe and nothing happened to it. But this time, I withdrawing my Bitcoin from.all exchangers just because of my.own personal reasons.