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Author Topic: Where are you all holding your Bitcoin for the fork?  (Read 1262 times)
thecodebear (OP)
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November 05, 2017, 09:16:30 PM
 #1

I had been moving mine to a wallet for the fork. But then I'd have to deal with how wallets are going to recognize the forked coins and have to worry about figuring out how to split the coins and whatnot. Saw Coinbase said they are planning to have the B2X coins available 24 hours after the fork, so now I'm just holding all my coins on Coinbase for the fork as that just seems like the easiest solution. Once the dust has settled and the danger has passed and we know which chain is the main chain I'll sell the minority chain and throw all my Bitcoin in a paper wallet.

How about you guys? Coinbase? Exchanges? Wallet?
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November 05, 2017, 09:41:22 PM
 #2

I saw an email from Coinbase a while ago claiming that they would regard the original chain to be "BTC".  But other statements from them imply that they will let hashrate decide or do a variety of other unnecessary things.

Considering the experiences that most people also have with their customer support, I wouldn't want to be holding my coins in Coinbase if something goes wrong.

Personally, I'm going to keep holding coins in my TREZOR and see how it pans out of the next couple of months. 

Replay attacks aren't a concern for me because I don't spend coins all that often and I'm prepared to wait for a while until a solution is found.  I also read through this article which gave me a fairly reasonable explanation of what I would have to do if I had no easier choices, so I'm feeling safest this way.

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November 05, 2017, 09:42:34 PM
 #3

I'm holding mine at Bittrex, last time it worked fine for me Smiley
thecodebear (OP)
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November 05, 2017, 10:27:49 PM
 #4

I saw an email from Coinbase a while ago claiming that they would regard the original chain to be "BTC".  But other statements from them imply that they will let hashrate decide or do a variety of other unnecessary things.

Considering the experiences that most people also have with their customer support, I wouldn't want to be holding my coins in Coinbase if something goes wrong.

Personally, I'm going to keep holding coins in my TREZOR and see how it pans out of the next couple of months. 

Replay attacks aren't a concern for me because I don't spend coins all that often and I'm prepared to wait for a while until a solution is found.  I also read through this article which gave me a fairly reasonable explanation of what I would have to do if I had no easier choices, so I'm feeling safest this way.


Well what they call it isn't my concern. Just access to both coins is all I'm concerned about. And they will provide that 24 hours after the fork.

Only reason I want access to the coins easily and quickly is so that when the dust settles I can sell the minority chain to get more bitcoin (majority chain).
EcoChavCrypto
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November 05, 2017, 10:32:25 PM
 #5

Coinbase is going to support this coin and you are going to receive those free coins if you are going to hold them on their wallet, this is one of the most safest ones and i think that i will move my bitcoins to there in order to receive them fast, and without any issues.
i would suggest you to ad a 2fa autenthicator, you would never know if you are going to be hacked by someone, or if you lost your password, so enable it and them move your coins.


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shafi alam
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November 05, 2017, 10:44:21 PM
 #6

When bitcoin gold was released i saved my bitcoin in exchange.  i didn't know that if i have some btc i will Receive bitcoingold. I have some btc i got little amount of bitcoin gold.
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November 05, 2017, 10:47:37 PM
 #7

I'm holding all of mine in Freebitco.in. I'm honestly too lazy to do anything else.
hatshepsut93
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November 05, 2017, 10:54:08 PM
 #8

I had been moving mine to a wallet for the fork. But then I'd have to deal with how wallets are going to recognize the forked coins and have to worry about figuring out how to split the coins and whatnot. Saw Coinbase said they are planning to have the B2X coins available 24 hours after the fork, so now I'm just holding all my coins on Coinbase for the fork as that just seems like the easiest solution. Once the dust has settled and the danger has passed and we know which chain is the main chain I'll sell the minority chain and throw all my Bitcoin in a paper wallet.

How about you guys? Coinbase? Exchanges? Wallet?

For holding Bitcoin, there are two main options - doing it by yourself via software or hardware wallet, or keeping it on some online wallet - blockchain.info, exchange or some other service. The first options provides the best safety - as long as you hold private keys you will own coins on both chains and no one will able to force you to use only one of them. The second option is risky, because your funds may be lost due to some network disruptions, wallet provider might decide to support only one chain or just get hacked like it sometimes happen. But there are a few benefits to it - if it was stated before, they will split your coins for you so you won't have to use segwit2x software, and if it's an exchange, you might be able to sell your B2X coins earlier than others.
pixie85
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November 05, 2017, 10:59:08 PM
 #9

I'm planning to differentiate and keep some of my money on exchanges and some of it on my wallet. I'm not going to use a single exchange but prefer to divide money between a number of them. I know that chances of something going wrong will decrease this way but also chances of me losing a lot will decrease.
If you're afraid of the fork and don't want to play risky keep money on your wallet. Nothing bad will happen if you keep coins safe offline.
LTU_btc
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November 05, 2017, 10:59:55 PM
 #10

I will leave main part of my bitcoins in offline wallet. I don't want to depend on 3rd part service, despite their statement about upcoming fork. I think it's safest way to keep Bitcoins where you control your private keys. And I prefer safety instead of convenience. Maybe I will just leave tiny amount on BTC on one exchange.
Offcourse, if you just want to dump minority chain coin ASAP, keeping coins on exchange at the moment of fork is best for you. It may take even 24 hours or more until exchanges will enable deposits on both chains after fork.

FasTroy
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November 05, 2017, 11:15:38 PM
 #11

I will save my bitcoin in my blockchain wallet, like i do since a long time. I don't think that will be a problem during the fork in november. I trust blockchain wallet, and I don't like to save my bitcoin in hardware wallets or exchanging sites, I am lazy to do that.

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November 05, 2017, 11:33:32 PM
 #12

I am using a hardware ledger dude... I bought it over Amazon for .1 bitcoins back in April. It supports every fork, it offers firmware updates via windows 10. I've been using it for my BTC cash and Gold. try it dude.
iluvpie60
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November 05, 2017, 11:37:28 PM
 #13

I had been moving mine to a wallet for the fork. But then I'd have to deal with how wallets are going to recognize the forked coins and have to worry about figuring out how to split the coins and whatnot. Saw Coinbase said they are planning to have the B2X coins available 24 hours after the fork, so now I'm just holding all my coins on Coinbase for the fork as that just seems like the easiest solution. Once the dust has settled and the danger has passed and we know which chain is the main chain I'll sell the minority chain and throw all my Bitcoin in a paper wallet.

How about you guys? Coinbase? Exchanges? Wallet?


You should not give your bitcoins to an exchange to hold them.

Have a wallet that you have control over 100%. A wallet that lets you have your private keys like Bitcoin Core wallet or Jaxx. When you want to split your coins later it isn't too hard. You simply will use your private key to import into a new wallet, the steps should be almost exactly the same as the previous fork for Bitcoin Cash.

Check out the post Theymos made awhile back. Also keep on the look out for posts from Theymos as I would imagine he is going to make another post similar to the Bitcoin Cash post.

Keep in mind any coins held on an exchange are more likely to be backed when this fork happens, this is due to the significant worth of 1x and 2x coins. If someone hacks the exchange when the fork happens and gets everyones 1x private keys, they will also get the 2x private keys and be able to double their coins(whether or not those 2x coins are worth much will be seen in the future).

https://bitcointalk.org/index.php?topic=2059111.msg20544752#msg20544752
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November 05, 2017, 11:41:26 PM
 #14

I'm not interested in receiving the free coins.So,i just hold my bitcoins in my electrum wallet.And i would not do any transactions during the hard fork.

But if any one need free coins,then they could deposit their bitcoins in Coinbase as it support the hard fork.

There are a lot o exchanges which support segwit 2x,but bittrex stand is still not clear.

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November 05, 2017, 11:43:24 PM
 #15

I always hold my coins in a desktop wallet or Trezor and only put them on an exchange when I know that I will be buying something. Not worth the risk of keeping them stashed away in an exchange.
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November 05, 2017, 11:46:51 PM
 #16

I usually do not participate the fork. Well I refer it as an airdrop yes but I don't want in fork. It is just like risking your bitcoin for another coin and what if your bitcoins will be taken away from you if that happens?




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November 05, 2017, 11:48:19 PM
 #17

I usually do not participate the fork. Well I refer it as an airdrop yes but I don't want in fork. It is just like risking your bitcoin for another coin and what if your bitcoins will be taken away from you if that happens?
It's pretty easy to safely take the airdrops if you back up your wallet. Just make sure that you can access your wallet from another computer and then do the fork if you want to be super safe.
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November 05, 2017, 11:49:29 PM
 #18

I holding my BTC on Binance, i think it's secure enough for me. And save half of my BTC to desktop wallet.

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November 05, 2017, 11:57:11 PM
 #19

I will save my bitcoin in my blockchain wallet, like i do since a long time. I don't think that will be a problem during the fork in november. I trust blockchain wallet, and I don't like to save my bitcoin in hardware wallets or exchanging sites, I am lazy to do that.

Same here, i started running a full node since August and so my blockchain wallet ios all i use these day and so i have moved a lot of my stock in there and preparing for the fork. I think there couldn't be anywhere safer than the blockchain qt wallet.
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November 06, 2017, 12:11:06 AM
 #20

Hold half on exchange Yobit and the rest on freebitco.in, and freebit already announce they will send "Bitcoin Gold" and "Bitcoin Segwit 2x" but they still pending the bitcoin gold after next hard  fork(Bitcoin Segwit 2x).

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