mitchr4
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October 19, 2017, 03:30:41 PM |
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I will keep it as long as the exchange support BTG in the upcoming forks and must be trusted exchange. But currently only Yobit i heard support BTG.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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BUK2016
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October 19, 2017, 03:54:19 PM |
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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 hold some amount of my Bitcoin in my wallet with poloniex exchange during the last Fork in August and I was comperciated by way of given me some amount of Bitcoin Cash. My plans this time for the next Fork come November is to save about 30 percent of my Bitcoin in my wallet with poloniex exchange, while the remaining 70 percent of my Bitcoin will remain in my blockchian wallet. |
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Sendibere
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October 19, 2017, 04:26:38 PM |
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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?
Certainly my bitcoins are in Bittrex and they say Bittrex is their support for BTG so all those who have bitcoins hold on the exchanger will get BTG equal to their few holds. But I'm afraid you better put it in Hardwallet to be more secure and safe. |
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bit-freedom
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October 19, 2017, 04:33:40 PM |
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For this fork, I am not keeping BTC in exchanges. I will be keeping in my BTC wallet which i have the private key. Initially, I intend to keep in Bittrex but there aren’t any news whether Bittrex will give Bitcoin Cash back to me. And given the recent cases of Bittrex suspending accounts for verification without notice, I have firmly decided not to leave any BTC in Bittrex for this fork.
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super5star
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October 19, 2017, 05:41:56 PM |
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I don't have much to transfer to exchange, so I guess whatever I have will be on my wallet and I think it is even better for me that way to avoid any misses.
However, you should note that there won't still be any serious difference if you are holding your funds in a centralized wallet where you are not in full control of your coins. You may as well still get nabbed in the process. However, since you said you do not have much, probably it is not worth considering pulling around then considering the fees. |
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thenite0wl
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October 19, 2017, 06:05:16 PM |
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one thing to consider, which happened with bch, was those that left their btc on bittrex were able to exchange their bch right away when the prices were high. i had my btc in my electrum wallet and it seemed like it took forever to get them on the exchange. i think that was due to the high difficulty from the btc blockchain, and i don't think that will be the case with this new blockchain. also i'm skeptical of bittrex's trustworthiness now and will only use it for small amounts, so i will continue to keep btc in my private wallet.
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ModGirl
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October 19, 2017, 11:11:49 PM |
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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. As we all know future in crypto is unpredicted so how one can say that there is a fork coming and most are telling the exact dates and this is just a conspiracy theory nothing will happen everything will be in same flow so you don’t have to disturb your routine, do exchanges now and also in future bitcoin is not predictable at all so don’t put ears on such rumors. |
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mostkey
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October 19, 2017, 11:47:37 PM |
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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. As we all know future in crypto is unpredicted so how one can say that there is a fork coming and most are telling the exact dates and this is just a conspiracy theory nothing will happen everything will be in same flow so you don’t have to disturb your routine, do exchanges now and also in future bitcoin is not predictable at all so don’t put ears on such rumors. when many rumors are scattered about the future of bitcoin, we do not need khawarir with this, because the more human need more sophisticated technology, bitcoin is a high technology that is designed as an instant payment method that is not limited by anything, but in other words bitcoin so it can dominate payments in the future |
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Saoha
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October 20, 2017, 02:51:03 AM |
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During time the August 1 I did not keep Bitcoin because of bad rumors about the future of Bitcoin, I kept altcoin and failed miserably.
Now maybe I will keep a bit of Bitcoin on Bittrex and wait for low altcoin to buy them for the rest. History can will not repeat !!!
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Shutup
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October 20, 2017, 05:46:59 AM |
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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?
[/quote
My job is 12hours a day and celphone is not allowed.So when l go home l just advertised bitcoin.I dont have time for now to search what is better.l dont have idea yet about online wallet or money changer.Maybe soon l will know about it.But about my experience on august before segwitl have my salary and the price is downfall.l dont have choice that time,l have to get my salary even its very very low prce.But after 2 weeks after segwit,that value of my salary multiplied into 10.l regret so much because l supposed to wait for the price increase before l will sell it.So thats a very big lesson to me.So by now l hope so l will sell my bitcoin after this fork.I'll just wait for price increase. |
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gabmen
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October 20, 2017, 05:55:34 AM |
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During time the August 1 I did not keep Bitcoin because of bad rumors about the future of Bitcoin, I kept altcoin and failed miserably.
Now maybe I will keep a bit of Bitcoin on Bittrex and wait for low altcoin to buy them for the rest. History can will not repeat !!!
LOL yeah me too. I prefer to also receive bitcoin gold so i probably would keep btc in my exchange wallet as there hasn't been any announcement from my hard wallet if i'm they'll have bitcoin gold. I'll keep still during this time |
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katrimans
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October 20, 2017, 08:23:14 AM |
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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.
Yes, some times fork can help you as the coins are split at the time but having a large amount of bitcoins in your wallet at the time of fork i a bit risky at the time because you will not able to sell it as its price will be very low and you will need to wait until the prices are normal and then sell them. A person can face problems when he needs urgent money at the time of fork, so one smart person should convert all his bitcoin before the forks and than again by coins when the prices are normal this will help him more but if one do not need urgent money than holding it at the time of forks is ok . |
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bitbunnny
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October 20, 2017, 08:52:07 AM |
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I haven't decided yet. Usualydon't keep coins on exchangers for safety reasons, or just very small amounts. I still don't know if my wallet is going to do something about Bitcoin gold and if I could get any so maybe in this case I would make exception and leave some amount on exchanger to get something to sell and quickly make some profit.
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giveen
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October 20, 2017, 10:08:30 AM |
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I will keep it as long as the exchange support BTG in the upcoming forks and must be trusted exchange. But currently only Yobit i heard support BTG.
Cex.io and unocoin ( a indian exchange) has told they will be crediting bitcoin gold if they list it on their exchange or not. Unocoin has said they will be crediting the coin which the mining community is going to support. Bittrex and poloniex will also credit it's users though no official announcements has been made till now. Source : https://news.bitcoin.com/cex-io-and-unocoin-announce-fork-arrangements/ |
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RealPhotoshoper
Legendary
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Activity: 1050
Merit: 1001
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October 20, 2017, 10:52:22 AM |
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I will keep it as long as the exchange support BTG in the upcoming forks and must be trusted exchange. But currently only Yobit i heard support BTG.
That is reasonable enough , i did it in the last time fork and there's nothing to worry about it. As long as they are trusted you can continue to trade there and get your BTG later , hopefully. I don't recommend yobit as your primary exchange by the way , have bad experience with them. |
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miyong
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October 20, 2017, 11:11:15 AM |
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Yes, i will keep my BTC on the exchange site for this upcoming hard fork. We've experienced this last August and I think there is nothing to worry about the hard fork.
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pisston
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October 20, 2017, 07:16:33 PM |
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Yes, i will keep my BTC on the exchange site for this upcoming hard fork. We've experienced this last August and I think there is nothing to worry about the hard fork.
Generally, the previous plug was this year on August 1. Have you forgotten? And it seems to me that keeping my bitcoins on the exchange site will be very dangerous, because it is better to keep everything in your wallet. If a double appears, it will be on your Bitcoin purse too. |
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crazycatwoman03
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October 20, 2017, 11:50:50 PM |
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Yes, i will keep my BTC on the exchange site for this upcoming hard fork. We've experienced this last August and I think there is nothing to worry about the hard fork.
Generally, the previous plug was this year on August 1. Have you forgotten? And it seems to me that keeping my bitcoins on the exchange site will be very dangerous, because it is better to keep everything in your wallet. If a double appears, it will be on your Bitcoin purse too. Right, it is very dangerous to keep your coins in the exchanges this coming fork. It will be a high risk since there is a possibility that it will vanished from there when the site applied modification because of the fork. I will really put my coins into safety, in that way I would not worry if the fork happens. Many people are doing this too and it is highly recommended to me to put everything in safety before the day of the fork. |
INVALID BBCODE: close of unopened tag in table (1)
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nightrider
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October 21, 2017, 12:39:06 AM |
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I will keep it as long as the exchange support BTG in the upcoming forks and must be trusted exchange. But currently only Yobit i heard support BTG.
I do not think it is a wise decision, the fork is coming, but at present, the exchange of trust has not yet published any information about their actions. So, a hardware wallet is the only thing that can guarantee your interests. |
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