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

[Kemarit]

The simplest answer would be if the Exchange supports the coin then it won't be any problem to deposit the coins on it to receive the free coins.
Yes I did stored my coins on Bittrex while the August 1st fork happened and I did receive the BCH but at that time bittrex had already announced that it will be supporting the fork. But there has been no announcement made yet from Bittrex whereas Yobit has said that they will be supporting the fork.
Really a tough decision as what to do.

Yobit already made an official announcement on their twitter account saying that they are ready for Bitcoin Gold. So I guess its not gonna be a difficult decision for most of us. Although Yobit has been shitty as of late, it was really a nice moved from them, and I think this news pushed the price of bitcoin to above $6000. This will attract of a lot of investors to put their bitcoin on Yobit and claim the free coins and then buy it with bitcoin or some altcoins then withdraw again your funds to your wallet because its really hard to put our stash on an exchanges specially Yobit.

[GoodLuck2]

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.

There is no reason to deny the fact that bitcoin is having a very much importance and it will never disappoint the ones who believe in bitcoin. I will also keep all my bitcoins for as long as I can no matter what the condition are because of the reason that I know these forks are temporary and it will not affect the worth of bitcoin  that much. I will keep my bitcoins not only during the upcoming forks but also after these forks.

[capoeira]

best place to have coins would be on Bitrex, IF ONLY they would say that they pay them out: https://steemit.com/bitcoin/@libertyranger/so-i-asked-bittrex-will-bittrex-support-the-bitcoin-gold-hard-fork-and-they-answered-me
problem.

[lacrypto]

OK so what if you are keeping them on exodus or any wallet storing private keys. Some exchanges are going live in 5 hours, such as YoBit. The rest go live in 24-48 hours.
How do you redeem your PK's to shove them to the exchange? A BTG wallet MUST be released by the time the fork happens in order for you to redeem your BTG or am I missing something?

The reason why I ask is because obviously you'd want to get in at the same time as everyone else to either #1 see the price and if high sell, or #2 hodl.
BUT..if you store on your own Wallet and you have your PK, how would you immediately be able to send to an exchange like YoBit and sell quickly?

Might be a noob question but I can't fill the gaps..

[mistanama]

Bitcoin Gold will depend on the exchanger's support and they will provide us with the necessary part. But if you are not sure it can put on wallet support for the hard fork and receive BTG. There is more security because you are holding your private key.

[x86Daddy]

In my opinion, you should hold BTC on your offline wallet. It is more safety to help you receive Bitcoin Gold.

[wumBowo]

i kept my BTC on bittrex right now since they're confirming they will support BTG after the fork begin. This because i ony holding a quite small amounts and hope i can get some profit after the BTG market is open

[ghost14k]

I always split my Bitcoin in two ways. One in exchange and the other off exchange in my personal wallet. That way I have half to hold back to if things go awry or gain both ways.

[Quidat]

I always split my Bitcoin in two ways. One in exchange and the other off exchange in my personal wallet. That way I have half to hold back to if things go awry or gain both ways.

This is indeed a good step though but would be rather much better if you do put up all of those bitcoin on a wallet which do have private keys which like on storing up on electrum rather than on putting still on exchanges.I dont really have too much trust on exchanges when it comes on fork events.They might support but i do find more hassle for me to claim such thing.

[aardvark15]

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 took my Bitcoins off the exchanges during the last fork and I already have all my Bitcoins off the exchanges in anticipation of this upcoming fork. I’m doing this for two reasons:

1) most people advise us to do so to protect our investment

2) I don’t know for sure that the exchanges will give me the Bitcoin Gold that should be mine.

I think I heard that last time most major exchanges did give the forked coin to the customers, but you never know what will happen.

[happyme1818]

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 hold it on a trusted trading platform then i withdraw it after the fork when bitcoin cash and gold credited in my account. that is the easiest way to sell it on higher price. Just make sure your account is verified to avoid problem.

[cotton ball]

Many people panic when hardfork some time ago, now they are more confident to save in the wallet exchanger. There is not a single negative and dangerous market on hardfork and they promise a profitable split and keep our balance safe, I do not think there is any level of panic that matters for now, many people believe in them.

[wildan88]

of course, I kept my bitcoin on the exchange, and I put it in bittrex but few hours ago snapshot completed. I can't possibly miss it because some time ago I regret not saving bitcoin when getting free BCH and everyone is happy with that because the price is very high. I think the success of BCH will occur in bitcoin gold, at least the price above 0.1 its very good.

[fasdorcas]

of course, I kept my bitcoin on the exchange, and I put it in bittrex but few hours ago snapshot completed. I can't possibly miss it because some time ago I regret not saving bitcoin when getting free BCH and everyone is happy with that because the price is very high. I think the success of BCH will occur in bitcoin gold, at least the price above 0.1 its very good.

There comes so many occasions in your life when one wrong decision results in huge amount of loss. At the time when there is chaos all around, you need to actually control your nerves and think well before making any kind of decision.

I will for sure keep all my bitcoins during the upcoming forks because selling your bitcoins at that time actually means that you are going to suffer a huge loss.

[Vikingr]

Many people panic when hardfork some time ago, now they are more confident to save in the wallet exchanger. There is not a single negative and dangerous market on hardfork and they promise a profitable split and keep our balance safe, I do not think there is any level of panic that matters for now, many people believe in them.

I am also one of those who is not worried about the upcoming hard fork with my bitcoin since the last segwit ended benefitting the bitcoin holders beyond imaginations. All the bitcoin holders are pretty calm and optimistic plus excited regarding the hard fork of November beacsue it is hihghly expected that bitcoin will touch 7000 dollars after it. So no ened to give even a small space to negative thoughst in your mind.

[Indrawan77]

Yes I put my money on exchanger to get the chance to sell.the coin quicker, the quicker you sell the coin the better the price, if you waited for the wallet you are missing your chance to get profit, and bitcoincash starting price is not bad, but this time the bitcoingold price is not too good, and for the next forking I will still put my money on exchanger

[Burnsey777]

Yes I kept my coins on an exchange for both Hard Forks of Bitcoin.BCC and BCG.
Have learnt that they controlled the process of altcoin allocation,and also conversion schedules to BTC.
Have now sourced a Paper Wallet and moving all my coins off exchange.
I now have total control,and hence responsibility over my Bitcoin. 

 

[clrpod]

Any BTC I have currently is on an exchange, as long as they support the fork and will credit the forked coin then I will keep it on the exchange for ease, for example with bittrex and BTC gold. If they will not credit it (which I would be surprised about) then I will move it to a wallet. It is just easier this way

[BobBct]

Well more than half of my holdings for btc i sold for alts. and when fork is done i'll sell again my alts for btc so it will rise and do it again in the next fork..

[richkellj]

In my opinion, you should hold BTC on your offline wallet. It is more safety to help you receive Bitcoin Gold.

Yes that is better option. You don’t need to put your income in online wallets because they are not much safer there. Hard forks can be hard and they may affect your online savings. You may be get panicked and then there will be you who is making everything sell on the spot. So better is to hold but keep your bitcoins in offline wallet where they can be said safe enough.