pentol86
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October 28, 2017, 04:30:39 PM |
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better safe bitcoin to your wallet with private key, not in exchange. also paused transaction use bitcoin before and after hardfork to make sure.
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Mi5h0
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October 31, 2017, 07:18:07 PM |
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If at the time of the hard fork november 15 you will in bitcoins, then be sure to keep them on exchanges, otherwise you will not be able to make deposits for sale, both sides do not want to put protection from repeated transactions
I think this goes against common sense. Leaving all your coins on exchanges exposes you to incredible third party risk. And the fact that there is no replay protection makes this even riskier: what if an exchange screws up their internal replay protection and ends up losing lots of coins? Or what if this ends like like Bitcoin Cash or Ethereum Classic on Coinbase, where it takes them many months to give people their minority chain coins? There is also no guarantee that any given exchange will support markets for both coins. Bitfinex will definitely offer markets for both, but I'm not sure what everyone's policy will be. What would be the safest method for you? Keep your coins in a wallet (with private keys) until the dust settles after the fork? Are there any negative effects of such a method?
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Proficiency
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October 31, 2017, 07:20:11 PM |
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you can use, but exchanges the input close and output both circuits
I am a little bit confused now. Is it warning about to hold coins on an exchanger or do not? And will it be impossible to put or output coins only on 15tg November only or some short period around the fork? Thanks. I am also in the same situation like you. Not getting it at all about where to store the coins really. Some says during the hard fork it is always good to store or it is mandatory to store the coins on wallets for which we are holding the private keys really. If we consider that in our calculation then I’m pretty confused here because I know hundred percent that exchanger have no private keys which are given to us. Their wallets are under their own control. So what’s the logic here. Good question! Does anyone have an answer for this please?
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bitart
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October 31, 2017, 07:31:38 PM |
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Somebody have mentioned web wallets here to store the coins on at the time of the hard fork. Last time in August (OK, not last time, because since then the BTG fork has also happened) I have forgotten about a little bit of dust BTC in my Xapo web wallet. In the beginning of October or late September I have received a mail from XAPO that my BCH coins are ready to use, so it took them a while but they have managed to implement the new alt into their system. So web wallets could be OK, but the best is when you have your private key.
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CryptosapienZA
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October 31, 2017, 08:01:41 PM |
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If at the time of the hard fork november 15 you will in bitcoins, then be sure to keep them on exchanges, otherwise you will not be able to make deposits for sale, both sides do not want to put protection from repeated transactions
This is terrible advice, I'm sorry. Which exchange allows you to keep your private keys? I have yet to hear/see one. Rule number is that whatever wallet you keel your coins in, make sure you have access to your keys. Let exchanges and wallet developers worry about replay protection. As a user your only worry is your keys, unless you are dumb enough to do transactions immediately after the fork. Your coins will go no where, you can wait a few days, until developers have done their jobs.
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squatter
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STOP SNITCHIN'
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October 31, 2017, 08:08:36 PM |
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Somebody have mentioned web wallets here to store the coins on at the time of the hard fork. Last time in August (OK, not last time, because since then the BTG fork has also happened) I have forgotten about a little bit of dust BTC in my Xapo web wallet. In the beginning of October or late September I have received a mail from XAPO that my BCH coins are ready to use, so it took them a while but they have managed to implement the new alt into their system. So web wallets could be OK, but the best is when you have your private key.
The problem in this case is that you need to trust the third party to do right by customers. It's better to cut the third party out entirely and make sure that you have access to your funds anytime you want. That goes for BTC but also BCH or BTG or B2X. One thing of note here: To ensure that you have access to both BTC and B2X after next month's fork, you need to control your own private keys. But it's a bit more complicated than that. For example, you control your private keys on Blockchain.info. So you can safely extract anything held by those private keys after the fork. But if you try to send/receive "BTC" using Blockchain.info after the fork, you have no way of knowing which chain you are using. Beware!
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terrific
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October 31, 2017, 08:13:26 PM |
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If at the time of the hard fork november 15 you will in bitcoins, then be sure to keep them on exchanges, otherwise you will not be able to make deposits for sale, both sides do not want to put protection from repeated transactions
Don't forget that exchange aren't allowing you to give the private keys of the wallet you will use with them. Are you just want to trade immediately after the fork? Normally exchanges are closing the deposits and withdrawals through that fork coin and they are having some maintenance but they are not closing the buy and sell orders. Just like what happened to bitcoin cash, the trades has been quick and with that pump I missed the chance of selling it at the peak. It's still better to place your bitcoins on a wallet where you have the private keys.
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eaLiTy
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October 31, 2017, 08:35:34 PM |
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If at the time of the hard fork november 15 you will in bitcoins, then be sure to keep them on exchanges, otherwise you will not be able to make deposits for sale, both sides do not want to put protection from repeated transactions
I am sure there will be a big mess with most of the community is split to gain more power and control with the upcoming fork,i do not have any idea how things will end up,as we know the price of bitcoin is rising and i am not sure how things will end up after the fork,it will take some time for everything to settle after the fork i guess.
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European Central Bank
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October 31, 2017, 08:50:52 PM |
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i do not want to keep any coins on exchanges, and i'm not convinced some of them will do it in the way i want them to. you might end up with a coinbase situation where you're waiting months.
it's gonna be better to sit it out and do nothing while everyone else hammers this stuff out. that's if the fork actually happens which i'm still not sold on.
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hahahafr
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October 31, 2017, 09:10:30 PM |
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Yes it is a mess, i have been investigating during the last days and all this matter from this next fork is really a garbage, i dont understand why they are making it so difficult to spend those coins, i dont get it, and why do they want to make double transactions? it is just like sending bitcoins, but sending segwit coins too, it doesnt make any sense at all. Anyway, lets wait and see how it goes during the next days, we still dont know anything about that.
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adsdas
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https://streamies.io/
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October 31, 2017, 09:13:10 PM |
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For safety, I think you should put all your bitcoin and altcoins into offline wallet. That will help you feel more comfortable in hard fork.
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BlockchainGod
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October 31, 2017, 09:14:13 PM |
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If at the time of the hard fork november 15 you will in bitcoins, then be sure to keep them on exchanges, otherwise you will not be able to make deposits for sale, both sides do not want to put protection from repeated transactions
Thank you very much for the information. I didn't notice it before. Perhaps translate my bitcoins on Bitfinex.
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European Central Bank
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October 31, 2017, 09:14:27 PM |
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Yes it is a mess, i have been investigating during the last days and all this matter from this next fork is really a garbage, i dont understand why they are making it so difficult to spend those coins, i dont get it, and why do they want to make double transactions?
because in the mind of its creators, this isn't a chain split, it's an upgrade so we shouldn't care about what happens to our old school bitcoins. unfortunately for them the rest of the world doesn't agree with that point of view.
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LuanX3
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October 31, 2017, 09:17:48 PM |
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If at the time of the hard fork november 15 you will in bitcoins, then be sure to keep them on exchanges, otherwise you will not be able to make deposits for sale, both sides do not want to put protection from repeated transactions
It is much more safer to keep it in your own private keys and not with the exchanges. The exchanges can just decide not to give out the chain split coins and just keep them for themselves. Unlike if you keep it with your own keys then in case their is a chain split then you can always claim both coins. Unless there is already an announcement from your exchange that they will give out coins in case of chain split then go with them if you trust them enough.
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exstasie
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October 31, 2017, 09:22:47 PM |
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i do not want to keep any coins on exchanges, and i'm not convinced some of them will do it in the way i want them to. you might end up with a coinbase situation where you're waiting months.
it's gonna be better to sit it out and do nothing while everyone else hammers this stuff out. that's if the fork actually happens which i'm still not sold on.
What probability do you give to the fork happening? Why don't you think it's going to happen? After F2pool dropped out, I thought it would start falling apart. But then we saw major services (Xapo, Blockchain, Coinbase, Gemini) double down in support of 2X. And F2pool's share of the hash rate is down to 7%, leaving NYA signalling close to 85%. If it weren't for Bitmain, I think the fork wouldn't happen. But now that Bitmain seems to have bet big on Bitcoin Cash, they have a big interest in a split occurring. If one side has a nearly unusable chain and the other side is seen as a "corporate takeover" then BCH might come out of this looking pretty good. And it's AsicBoost-friendly!
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scottykarate
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October 31, 2017, 09:40:38 PM |
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Any significant part of my investment stays in a wallet. If I don't plan on using it, why move it anywhere else? Anything I'm going to HODL is off of the exchanges. They may be trustworthy by and large, but I'd rather not risk it if my idea is just to HODL anyway.
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swogerino
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Top Crypto Casino
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October 31, 2017, 09:55:58 PM |
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Why are you telling us to keep our bitcoins in exchanges ? If you think that you will be given free bitcoins like it happened with Bitcoin Cash this time is nothing like that. And to keep your bitcoins in an exchange is not safe as we don't know what will happen to that exchange? Many exchanges has been hacked before, some have disabled accounts without a good reason. Best practice is to keep your bitcoins in a wallet where you do control your private keys.
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splat44
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October 31, 2017, 10:40:27 PM |
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People are wise now! they buy bitcoin and leave it in the exchange for a free money which is another hardfork of bitcoin when split. hope everyone else here when will the best time to buy bitcoin
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bitcub
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October 31, 2017, 10:45:41 PM |
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I want to get my btg, should i keep my bitcoin in poloniex? or transfer it to your recommended wallet? Anyways am planning to dumped that btg later on. It is still a money.
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thinair
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October 31, 2017, 11:39:09 PM |
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If at the time of the hard fork november 15 you will in bitcoins, then be sure to keep them on exchanges, otherwise you will not be able to make deposits for sale, both sides do not want to put protection from repeated transactions
Bitcoin and forks may be just scams. There may be smart people controlling how things go. If you hold bitcoins and say if Nov 15 they fork into 10 forks, where do your coins belong? BTC1, BTC2,...., which forks are the miners working on. Heavenly opportunities!. You sell in all 10 forks of the blockchains and then run away laughing to the bank.You got better money - paper US dollars. To transfer your bitcoins to the exchanges is the same as transferring cash to your stockbrokers. Are you sure the bitcoin exchanges are regulated? Are you sure they are not crooks. If you have the coins in the regulated Japanese exchanges, then you are safer.
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