Nov 16 Bitcoin Fork questions

[khufuking]

I will go against everyone advice , I would say if your BTC is not big amount then keep them on an trusted exchange that known to honor the BTC forks and already did so in the last 2 forks . And my reason is this forks is profitable only if you dump fast . While I know that this x2 is not same as other forks and might be big , I still believe it might get dumped same as all others forks , I might be wrong tho , But I am going ALL IN on the original classic BTC and will dump my X2 as fast as possible .

[1714161201]

1714161201

[1714161201]

1714161201

[alani123]

What are you guys going to do with your BTC? Should I keep mine on Coinbase or on Coinomi since it seems like I can redeem the new fork coin if I put it on Coinomi right? But if I put it on there on my cell phone I run the risk of not being able to send it to an exchange to sell right?

If you are more of a speculator you could put your coins in an exchange that has stated to support the new crypto currency spawned after the potential fork. This is a.more direct way to cash out in case that tomens can be reedemed and exchanged after the fork. Using an independent wallet would require network infrastructure to be in place for transactions to be facilitated.

[Kr-sama]

What are you guys going to do with your BTC? Should I keep mine on Coinbase or on Coinomi since it seems like I can redeem the new fork coin if I put it on Coinomi right? But if I put it on there on my cell phone I run the risk of not being able to send it to an exchange to sell right?

If you are more of a speculator you could put your coins in an exchange that has stated to support the new crypto currency spawned after the potential fork. This is a.more direct way to cash out in case that tomens can be reedemed and exchanged after the fork. Using an independent wallet would require network infrastructure to be in place for transactions to be facilitated.

Should I put my BTC in an exchange before or after the hardfork in order to receive the equivalent amount in B2X? or should I just hold it in my wallet. Would I still receive it even if it is just in my wallet? I'm currently using electrum btw. This is my first time with bitcoin hardforks and I don't know what am I supposed to do.

[Bolt Brownie]

I would really advise you to not be greedy with this one. There was a lot of fear with the bcash fork, and everything went well, but this fork looks much more worse than that oen. It has no replay protection, so you should really wait for a while before you try to transact bitcoin or dump the B2x coin. That might cost a lot of profit, but it's the safest way to do it. Also since there is no replay protection and both exchanges and wallets will implement their own protection, you should look for news or announcements regarding that. I heard Bitfinex and coinbase will implement their own replay protection, and wallets will probably do it as well, so you should really pay attention to that.

I would not recomend you to leave your coins on a exchange, but if you want to do that, then I would also recommend you to try to see what is their position on what chain they will call BTC. I think most of them is still calling BTC to the original chain, but some will make their decision based on the hash power that each chain gets (of course BTC will get more hash power, but you should still pay attention to it).

[BitcoinHodler]

What are you guys going to do with your BTC? Should I keep mine on Coinbase or on Coinomi since it seems like I can redeem the new fork coin if I put it on Coinomi right? But if I put it on there on my cell phone I run the risk of not being able to send it to an exchange to sell right?

If you are more of a speculator you could put your coins in an exchange that has stated to support the new crypto currency spawned after the potential fork. This is a.more direct way to cash out in case that tomens can be reedemed and exchanged after the fork. Using an independent wallet would require network infrastructure to be in place for transactions to be facilitated.

Should I put my BTC in an exchange before or after the hardfork in order to receive the equivalent amount in B2X? or should I just hold it in my wallet. Would I still receive it even if it is just in my wallet? I'm currently using electrum btw. This is my first time with bitcoin hardforks and I don't know what am I supposed to do.

you receive a fork coin after the fork happens so you have to deposit your bitcoin there before the fork so that the exchange has control of the bitcoins and receives the forked coins in your stead and then credits your account with the new tokens.

you can hold them in your wallet but then you will have to download a new wallet for the forked coin in order to be able to spend it and also you may have to wait a little while before the exchanges open deposits (they usually disable it for a day or two).

[eaLiTy]

Should I put my BTC in an exchange before or after the hardfork in order to receive the equivalent amount in B2X? or should I just hold it in my wallet. Would I still receive it even if it is just in my wallet? I'm currently using electrum btw. This is my first time with bitcoin hardforks and I don't know what am I supposed to do.

If the exchange proposes that they would give you the split coins after the fork ,then you should invest your coins before the fork,there will be a time frame when they will capture the blockchain to distribute the tokens,some exchanges allow you to start trading as soon as the forks takes place,as we have seen in the past with bitcoin cash but the best practice is to hold in your private wallet where you hold your private key,but you wont be able to move your coins until everything settles down,so understand what exchange you are planning to trade and make sure you understand what is their take on the split before proceeding .

[willmining]

Any idea about the future hashrate split between btc/b2x?

[Heyyyrenz]

Yes you're correct. Bitcoin Segwit2x is a proposed change which is intended to improve the speed and cost of Bitcoin transactions. If the upgrade is not universally accepted, it may temporarily create two Bitcoin blockchains via a fork of the Bitcoin network. You can check more here: https://support.gdax.com/customer/portal/articles/2893011-bitcoin-segwit2x-fork-faq

And about what wallet to store your BTC i may suggest you use coinbase. You can check more information about the incoming fork, such as needs to do, steps in order to achieve the new coin etc. https://support.coinbase.com/customer/portal/articles/2892985-segwit-2x-faq

[jchi2210]

Yes you're correct. Bitcoin Segwit2x is a proposed change which is intended to improve the speed and cost of Bitcoin transactions. If the upgrade is not universally accepted, it may temporarily create two Bitcoin blockchains via a fork of the Bitcoin network. You can check more here: https://support.gdax.com/customer/portal/articles/2893011-bitcoin-segwit2x-fork-faq

And about what wallet to store your BTC i may suggest you use coinbase. You can check more information about the incoming fork, such as needs to do, steps in order to achieve the new coin etc. https://support.coinbase.com/customer/portal/articles/2892985-segwit-2x-faq

Thank you for that coinbase link! So it looks like they will credit us the B2X if it is stored with Coinbase. Is anyone else going to keep theirs stored on Coinbase?

[bitart]

Yes you're correct. Bitcoin Segwit2x is a proposed change which is intended to improve the speed and cost of Bitcoin transactions. If the upgrade is not universally accepted, it may temporarily create two Bitcoin blockchains via a fork of the Bitcoin network. You can check more here: https://support.gdax.com/customer/portal/articles/2893011-bitcoin-segwit2x-fork-faq

And about what wallet to store your BTC i may suggest you use coinbase. You can check more information about the incoming fork, such as needs to do, steps in order to achieve the new coin etc. https://support.coinbase.com/customer/portal/articles/2892985-segwit-2x-faq

Thank you for that coinbase link! So it looks like they will credit us the B2X if it is stored with Coinbase. Is anyone else going to keep theirs stored on Coinbase?

Still hesitating about it, greed vs. safety... I would be happy to store the BTC on a 2X friendly exchange, but what happens if the exchange will go offline for a little while and we cannot sell immediately the forked coins, and the price of the 2X will go down quickly (there's no evidence that it will happen like this anyway). And also the future, what if 2X will last a bit longer as the previous forks and we can sell it better in the near future if we hold it a while... in this case an offline or hardware wallet will be better, but nobody knows it. Maybe, I will flip a coin to decide

[naf]

Yes you're correct. Bitcoin Segwit2x is a proposed change which is intended to improve the speed and cost of Bitcoin transactions. If the upgrade is not universally accepted, it may temporarily create two Bitcoin blockchains via a fork of the Bitcoin network. You can check more here: https://support.gdax.com/customer/portal/articles/2893011-bitcoin-segwit2x-fork-faq

And about what wallet to store your BTC i may suggest you use coinbase. You can check more information about the incoming fork, such as needs to do, steps in order to achieve the new coin etc. https://support.coinbase.com/customer/portal/articles/2892985-segwit-2x-faq

Thank you for that coinbase link! So it looks like they will credit us the B2X if it is stored with Coinbase. Is anyone else going to keep theirs stored on Coinbase?

Still hesitating about it, greed vs. safety... I would be happy to store the BTC on a 2X friendly exchange, but what happens if the exchange will go offline for a little while and we cannot sell immediately the forked coins, and the price of the 2X will go down quickly (there's no evidence that it will happen like this anyway). And also the future, what if 2X will last a bit longer as the previous forks and we can sell it better in the near future if we hold it a while... in this case an offline or hardware wallet will be better, but nobody knows it. Maybe, I will flip a coin to decide

Flipping a coin always leads to take good decisions

[jchi2210]

Yes you're correct. Bitcoin Segwit2x is a proposed change which is intended to improve the speed and cost of Bitcoin transactions. If the upgrade is not universally accepted, it may temporarily create two Bitcoin blockchains via a fork of the Bitcoin network. You can check more here: https://support.gdax.com/customer/portal/articles/2893011-bitcoin-segwit2x-fork-faq

And about what wallet to store your BTC i may suggest you use coinbase. You can check more information about the incoming fork, such as needs to do, steps in order to achieve the new coin etc. https://support.coinbase.com/customer/portal/articles/2892985-segwit-2x-faq

Thank you for that coinbase link! So it looks like they will credit us the B2X if it is stored with Coinbase. Is anyone else going to keep theirs stored on Coinbase?

Still hesitating about it, greed vs. safety... I would be happy to store the BTC on a 2X friendly exchange, but what happens if the exchange will go offline for a little while and we cannot sell immediately the forked coins, and the price of the 2X will go down quickly (there's no evidence that it will happen like this anyway). And also the future, what if 2X will last a bit longer as the previous forks and we can sell it better in the near future if we hold it a while... in this case an offline or hardware wallet will be better, but nobody knows it. Maybe, I will flip a coin to decide

Flipping a coin always leads to take good decisions

I think we should all flip a coin and see where that gets us! lol. So my choice is either placing it on a friendly 2x exchange and hope to get a coin out of it, however I run the risk of not being able to sell my BTC in time since they will more than likely restrict trading. Or I can just sell my BTC and play it smart because we all know BTC is about to correct for the fork and go down.

Does anyone know how long Coinbase suspended trading for on the last 2 forks? And did they suspend them right before that block came up or just for the whole day? Just trying to figure out my options.

[felicita]

yes i also missed the bitcoin cash time and now iam waiting for Bitcoin Gold exchange.
And now also the next segwit fork is comming lets see witch coin will dominate
i tust in Bitcoin.




regards