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Author Topic: To Greed or to play it safe.  (Read 1495 times)
jekjekman
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November 02, 2017, 05:47:25 PM
 #21

It is never been safe to have your own private keys though and yet I think Coinbase is safe as long as it is say it is safe and remain its status that never been hack exchange then it is fine but if you are holding a huge amount of Bitcoin in your holdings it is much more better to have it to your electrum because at any means necessary you have the full control of your Bitcoin and you can't blame anyone at the end.
lucifochrome
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November 02, 2017, 06:04:20 PM
 #22

Not that my opinion matters but what it think is just bet the money that you can afford to lose. This is a risk you will be taking the higher the risk the higher the return but if you wanted to play it safe with a little profit i suggest you do a ratio of 60:40, 60% will be taken to coinbase, the other stays with you. So with the amount of bitcoin that you have i am betting that you acquired that back when the price is still low so by now you already gained a huge amount of profit. Now by taking the other 60% to coinbase you risk that hoping for a bigger profit and if worse comes to worse you still have something on your hand. Not a total zero.
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November 02, 2017, 06:18:15 PM
 #23

Just think it in other ways like in another point of view. If you didn't keep your money in coinbase wallet (as we know they are a pretty big company and old) And they did pay Bitcoin2x then you will be sad, so keep some amount of your coin in there and keep the most amount of your coin in the Electrum wallet so you will be safe and you can take the required risk.
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November 02, 2017, 06:30:28 PM
 #24

As we all know come 16th November there are two coins, one we know as Bitcoins, other Bitcoin2x, initially I was using a coinbase.com wallet, but before Bitcoin cash fork I moved it to electrum wallet. Now my question is with this fork all but going to happen, coinbase.com has said it will credit equal Bitcoin2x and in electrum It automatically doesn't happen. In coinbase.com if I take a chance I don't have private keys and that's scary but the greed is there to. What should I do be greedy and go back to coinbase.com and post btc2x shift back to electrum. Or any way I can stay in electrum and do it. Need your advise and suggestions, something that can be easily be done and not at risk to my coins.


It's not greed, it's greed and pressure to have the money right here right now. You just want to spend it, right? Buy yourself something to brighten up the mood.

Take it slow. You will get the forked coins anyway, the only difference is that you will probably have to wait a couple weeks before they allow for deposits. It's like with bitcoin gold. It will get credited on most exchanges and the deposits will be open allowing you to sell, just wait in line. I think it's much safer to wait and fight your greed.

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November 03, 2017, 02:13:10 AM
 #25

As we all know come 16th November there are two coins, one we know as Bitcoins, other Bitcoin2x, initially I was using a coinbase.com wallet, but before Bitcoin cash fork I moved it to electrum wallet. Now my question is with this fork all but going to happen, coinbase.com has said it will credit equal Bitcoin2x and in electrum It automatically doesn't happen. In coinbase.com if I take a chance I don't have private keys and that's scary but the greed is there to. What should I do be greedy and go back to coinbase.com and post btc2x shift back to electrum. Or any way I can stay in electrum and do it. Need your advise and suggestions, something that can be easily be done and not at risk to my coins.


For those who have their coin on exchange site and those of us who have ours on offline wallets or even those on web wallets will still have access to the btc2x at one point or the other but the concern is on the basis of timing. While those on coinbase will get theirs immediately but there is a risk attached which can be coming up with a policy without any prior notification in which freedom to use might be limited (learning from the actions of Bittrex).

For that, I won't mind getting mine later taking safety above greediness. Personal opinion though.
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November 03, 2017, 02:29:18 AM
 #26

I prefer to play it safe, there will be a way to get those fork coins later, if you got a big amount of bitcoin it is better to play it safe, dont because of the little sum of money and greed, you lose all of your money and we still dont know how worthy is the bitcoin2x will be, I don't think it's worth the sacrifice
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November 03, 2017, 02:37:41 AM
 #27

if you choose to be greed theres a lot of risky to being greedy than to being play safe..... yes in greedy you can profit in huge amount but in few moment you can loss your fund unless in play safe you can profit in small amount but this is sure to take income..
CryptosapienZA
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November 03, 2017, 05:31:36 AM
 #28

Anyone who thinks this fork is going to be like anything we have seen before. Then you are highly misled. This fork is likely going to be the messiest fork to date. Just from that perspective, don't go all in as there is a high chance of one side being completely obliterated. In that case what do you do, you might even even lose value on the one coin. If  we successfully get two chains, I suspect a lot of people won't like the outcome. But hey, its your money in the end.
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November 03, 2017, 05:56:04 AM
 #29

Well with the best of my knowledge about coinbase, They are an international exchanger and I know may people who have been using them. They have been active. But that does not means they are 100% trusted. I will not advise you to go back with all you have.
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November 04, 2017, 08:39:45 AM
 #30

Better is to play safe, but sometimes being greedy can be better then playing safe.
This is endless cycle and from time to time better is to test or to change or use both depending from situation or need.

Greed and safe play are working together use them from need to need.



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November 04, 2017, 09:18:57 AM
 #31

If you ask me always is better and smarter to play safely and at all costs avoid the risk or reduce it to the maximum extent possible.There is nothing safer than to have complete control over your private keys,I personally do not believe in any online service so neither to Coinbase.I would still keep my BTC in Electrum and wait that hard fork is finished and for official wallet for new coin.In that case there is some work to be done in order to claim new coin,so I understand that keeping coins on online wallet may be a much easier way.The risk is sometimes worthwhile,yet it is the decision of each individual.

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tonysitaly
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November 04, 2017, 11:20:02 AM
 #32

Yes, my friend. There's a fork this month. That would be a good investment opportunity. I think it will be the same as the previous ones, and we can just hold bitcoin. For your concerns, I would say you can also stay in the personal account of the exchange, which will automatically assign the fork to you.

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November 04, 2017, 11:45:14 AM
 #33

for me i will play it safe, i will place half of my bitcoin or the amount of bitcoin i am willing to get free coins for me in coinbase, since it will benefit me as well, and as for the other half or the bitcoin that is left i will hodl it, just make sure that you will have a definite plan,in any case something you don't want might happen, you still have saved bitcoins on your electrum wallet. if you plan to be greedy, and place all your coins in coinbase, there is still an assurance that you will gain profit, just check yourself first if you are willing to take the risk or not, but if you are still hesitant when the time is near, i suggest you try 1/4 of your bitcoins, for you to still gain, and do it for yourself and don't blame anyone regarding your decision, since that will be the plan you are going to do.
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November 04, 2017, 11:51:25 AM
 #34

This year it already the third fork. It seems to me that it makes no sense to reinvent the wheel. You need to act as before. I have not heard that anybody had problems after the previous forks. I have already received an email letter from wallet blockchain from the fact that they will take all the precautions and there will be no Apocalypse.
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November 04, 2017, 12:02:10 PM
 #35

Would you like to consider buying altcoins before the fork rather than wait for the Bitcoin2x? I observed that altcoins are very cheap before and during fork and instantly rise after the fork when users already get their coins from it. You only need to choose a good coin to buy and I assure you that you will have a profit within a week after the fork.
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November 05, 2017, 12:42:27 PM
 #36

Calculated risks is the best strategy. Street smarts, market research and luck would almost guarantee high returns. Being greedy is not bad, per se, as long as you did your homework.

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November 05, 2017, 12:48:20 PM
 #37

For me it's better to play it safe, because being greedy is too risky and there is a chance of losing all your investments. There may be a chance to become greedy if you think you will succeed 100% then play it safe again. Just only make some time but not always.

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November 05, 2017, 12:53:09 PM
 #38

I suggest you're going greed man. At bitcoin, as you can see, people wished they have been greedy in the past . If it happened , they already becomed millionaire for now. But it's your capital , your choice, so you could take my advise or not , depend on your decision.
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November 05, 2017, 12:58:36 PM
 #39

I will play safe... by holding them...

Of course I cashed out a small portion to be the pocket money and enjoy the ATH, but I would not go for exchange for something without replay protection.

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November 05, 2017, 01:05:10 PM
 #40

50%-50% , as per today the Bitcoin value is almost 7000 usd if I were you or anyone having few Bitcoins , I would sell a couple of them and hold the rest because you might never know the next morning you wake up it might be 1000usd or 5000usd.


Yeah your right. It's better to play safe because now bitcoin is in the status of unexpected price. Maybe the price of bitcoin now is enticing because of it's higher value but fork is one of you need to considered now because there are possibility the value of bitcoin fluctuated to the lowest price of it. But who knows. That's why we need to play safe rather that to be greedy.
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