Blockchain.info and segwit2x

[breezyu]

Basically I need help with this.

I owe some money in my blockchain.info web wallet account and I plan to keep it there. However this post confuses me alot https://blog.[Suspicious link removed]/2017/10/12/bitcoin-hardfork-blockchain-wallet/

They say that they don't know yet which btc they will call the main bitcoin and the segwit one which is completely weird to me. I'm just extremely confused. Basically I have this blockchain account since 2014 and I have bitcoins in the imported address on it, so not on the receive money blockchain address that changes everytime. So when this fork happens, I will still have bitcoin as bitcoin is right and the new coin? or should i be worried that my bitcoin will have a different name or something. Please any help thanks.

[TryNinja]

Do you have your address private key? If you do, you are 100% safe against what Blockchain.info decides. Both Legacy and Segwit2X chains will keep existing. The only difference is which chain you will spend your coins when using a web service (such as Blockchain.info) - since they may support just one of both chains.

When the fork happens, all addresses in the world will have both x BTC and x B2X. If you control your private key, you can just import your address in a wallet compatible for the coin you want to spend and do what you want. If you use a service like Coinbase, you can only spend what they allow you to spend - even if they CAN allow you to spend both coins.

[SureLockLoans]

Backup the private key to a piece of paper and you are fine alternatively start using a desktop wallet as they are 100% against all forks and they are more secure too.

[breezyu]

Backup the private key to a piece of paper and you are fine alternatively start using a desktop wallet as they are 100% against all forks and they are more secure too.

Hi, thanks everyone for the help. Would like to refer to what you said as desktop wallets are against all forks. Does this mean people who have a desktop wallet will not get both coins even if they have the private key? I have my private key so I understand now that I am secure thanks. Does anyone know about this bitcoin segwit 2x coin what value it will get? thanks.

[CodyAlfaridzi]

Hi, thanks everyone for the help. Would like to refer to what you said as desktop wallets are against all forks. Does this mean people who have a desktop wallet will not get both coins even if they have the private key? I have my private key so I understand now that I am secure thanks.

If you hold the private key, you can get ALL of forked coins. (Bitcoin Cash, Bitcoin Gold, Segwit2X) as long as that address contain some amount of Bitcoin when the fork/snapshot happens. It doesn't matter what wallet you are currently using. You can always import your private key to another wallet that supports that particular forked chain.

For example, I own the private key for an address. I have imported that address to Electrum to make daily transaction. Electrum isn't supporting the Bitcoin Cash chain. So if I want to spend my Bitcoin Cash on that address, I need to import that address to another wallet that supports Bitcoin Cash, for example: Electron Cash walllet.

Does anyone know about this bitcoin segwit 2x coin what value it will get? thanks.

Nobody knows because the price is shaped by the market itself. But the current price for B2X futures is BTC0.177 for each B2X. One exchanger that enable B2X futures trading is https://hitbtc.com/B2X-to-BTC

[Oceat]

Backup the private key to a piece of paper and you are fine alternatively start using a desktop wallet as they are 100% against all forks and they are more secure too.

Hi, thanks everyone for the help. Would like to refer to what you said as desktop wallets are against all forks. Does this mean people who have a desktop wallet will not get both coins even if they have the private key? I have my private key so I understand now that I am secure thanks. Does anyone know about this bitcoin segwit 2x coin what value it will get? thanks.

Nobody knows what will be the outcome of the value of Bitcoin segwit 2x (B2X) since it depends on the market's supply and demand. Having your private keys only doesn't mean you are secure it should be keep in safety that no one could ever touch or see it except for the people that you trusted the most for any case might happen.