Surviving segwit2x hardfork

[X7]

Unlike previous bitcoin hardforks, the forthcoming SegWit2X is not going to be peaceful one. This time it may not be like it was before: price of BTC rises because everyone wants their free coins, then fork, then total euphoria and price rises again.
With this one, miners will have to choose which coin they use their hashrate for. Investor will have to choose which coin is more valuable. This will cause price turbulence, and noone knows where it would take us.

Here are some articles
https://www.coindesk.com/split-no-split-bitcoin-miners-see-no-certainty-segwit2x-fork/
https://medium.com/@CobraBitcoin/there-may-be-3-chains-in-novemeber-true-bitcoiners-will-never-surrender-238373f08035
https://www.yours.org/content/predicting-the-outcome-of-the-november-bitcoin-fork-89914ce0e1f5/

What are you going to do when the Day comes?

1) HOLD bitcoins
2) Temporarly switch to altcoins (Ether, Lite, ...)
3) Sell BTC for USD, than buy back after the fork.
4) Swtch to Bicoin Cash hoping it can go 3-10x
5) Other option.


[/quote

HOLD

[nizamcc]

snip --

What are you going to do when the Day comes?

1) HOLD bitcoins

Holding could prove better if the assurance proves right that our coins won't get harmed (like going totally devaluated).

2) Temporarly switch to altcoins (Ether, Lite, ...)

Not good because after the fork, I am sure that some more downfall may be there in the cup of investors for altcoins before they stabilize and run the markets back to up.

3) Sell BTC for USD, than buy back after the fork.

Still not a better alternative, because being completely unsure that which coin will gain the most confidence, as well as value for investors, will prove to be a very escaping situation.

4) Swtch to Bicoin Cash hoping it can go 3-10x

Hopes? Never. You need to believe or let it go.

5) Other option.

Stick to Bitcoins as said in Step 1, no need to do anything but wait for the situation to take place.

[Sukut]

Doesn't matter, i will still keep my bitcoins with my private keys. Worth taking this risk.  

Glad to hear you can afford to lose it all and it will not affect you.
Must be nice to be rich.

╥Aztek

How could one "lose it all" by keeping their BTC on some online wallet or trading site?

[darthmaul]

1) HOLD bitcoins
2) Temporarly switch to altcoins (Ether, Lite, ...)
3) Sell BTC for USD, than buy back after the fork.
4) Swtch to Bicoin Cash hoping it can go 3-10x
5) Other option.

I don't think upcoming fork is going to be that bad as you are depicting it here. Im sure there will be goodness into it for better development of bitcoin leading to higher prices of it. This time it may cross the hallmark of 10K USD for sure.

Anyway just in case things go other way round then obviously the doomsday preparation is necessary.

Your list is good but I will not recommend to switching to the bitcoin cash at, who knows what will happen to this brother when the fork is on going. There will be pretty good time and window for us to look for great option during the fork so I'm not hurrying the thing at all.

You can always choose to get into Ethereum because it is so much stable at this movement and no one can really manipulate it due to its unlimited supply. So that would be safe house for me.

[Passive Coin]

I like the one comment found on Coindesk about this fork, quote:

Most buyers, even big money, don't understand any of this.

If exchanges pull the rug out and they lose any money because of this deliberate negligence and collusive scheming, you can bet that they are going to bankrupt these exchanges through civil litigation.

Segwit2x is a scam.

Very few people see scams in real time. FYI

[aoihs00]

I will probably go with fiat conversion which you have not mentioned here. Because keeping money into alt coin is one and the same thing as keeping it on the bitcoin that is blockchain part. They could get dump as well if something goes really bad with the market so I don’t want to take this risk at all.

Converting the bitcoin to fiat would be safest way to go with it because they will be untouched by any kind of storm that would arising during the hard fork. Once the hard fork is gone I can analyse the market then see if tis right situation to buy bitcoin or not and then I will acquire loads of it if its goes down. :-)

[|Bitkoin|]

You don't have to do anything to survive it except hold your bitcoins. Samourai Wallet will have fork detection, coin splitting, and an auto-dump feature by the time the fork rolls around so you can feel safe holding your coins in this wallet. Yes they are still in development but will be releasing 1.0 by the end of the year. It's an ever-changing beast, and you can check their code online as it's open source on Github.

[khaled0111]

The wisest thing to do before Segwit2x hardfork is to change bitcoin to dollars and wait for the price to go down then buy again. The price will drop significantly and it will be a great opportunity to buy because it will rise again as happened during previous hardfoks.
I support this hardfork since it aims to reduce company investing in mining dominance which will results in more price stability.

[MoonJeina]

I also thought about it recently . Then i came to the conclusion that it will be a foolish move to sell all the bitcoins and buy them again .
Moreover , the result of the upcoming fork is not very predictable . Maybe in favor or maybe no .  I thought that i would probably withdraw some amount of bitcoin before the hardfork to be on the safe side of the line .
I will probably invest in other alt coins like etherneum too.

[allthingsluxury]

There is undoubtedly going to be turbulence, but know this, Bitcoin will overcome and move onward, as it has done so many times before.

[V.gorn]

Hi, guys. What will be if transaction depreciate due to hardfork and miners wouldn't be interested in process of mining ?

[Fundalini]

I have read somewhere that only 14% of bitcoin's market cap right now would be the market cap of the seg2x fork and would probably die by its own hands due to lack of support. For that reason,  I have already cashed-out some of my bitcoins around 7.3k$ mark and decided to hold the remaining funds as I believe its price would skyrocket again after the fork.

[rindo]

The Segwit2x hard fork is creating a lot of discussion surrounding it, related to the protection against the repetition attacks at the blockchain. Inicially there wasn´t any plans for securety and protection took on consideration, but after a lot of requests, the core developers created some kind of security measures. Later on they were cancelled and a lot of protest and angry supporters were discussion about that decision. May be we are already close to a doom Segwit2x with a very low adoption. The beginning of a long short story.

[GreenCoin22]

Yes this fork may destabilize the market and people would panic by dumping their coins. But I don`t think that there is only btc cash to keep your portfolio on it. There are so many coins that are stable and can be used for long term investment. If you see the btc as a potential risk you can always invest in coins such as Stratis or Monaco for a long term invesment when you can keep your money stable at the same time. As a last chance also Tether is an option.

[rytyr]

I'm in altcoins now. I don't like the high fees and all the drama. I prefer my money in projects that I believe in and with Segwit2x I'm just not sure. 

[Sithara007]

1) HOLD bitcoins
2) Temporarly switch to altcoins (Ether, Lite, ...)
3) Sell BTC for USD, than buy back after the fork.
4) Swtch to Bicoin Cash hoping it can go 3-10x
5) Other option.

#2 and #3 are too risky. My friend tried #3 before the Bitcoin Cash airdrop and he lost a huge amount of his money (the exchange rates rocketed after the airdrop and by then it was to late to purchase BTC). #2 is even more risky, as I don't think that there is any long-term future for any of the altcoins (perhaps with the exception of BCH). I would prefer #1, but #4 can be considered as well.

[Qiuyue201]

1) HOLD bitcoins
2) Temporarly switch to altcoins (Ether, Lite, ...)
3) Sell BTC for USD, than buy back after the fork.
4) Swtch to Bicoin Cash hoping it can go 3-10x
5) Other option.

#2 and #3 are too risky. My friend tried #3 before the Bitcoin Cash airdrop and he lost a huge amount of his money (the exchange rates rocketed after the airdrop and by then it was to late to purchase BTC). #2 is even more risky, as I don't think that there is any long-term future for any of the altcoins (perhaps with the exception of BCH). I would prefer #1, but #4 can be considered as well.

Quite agree, why switching to altcoins though if they hold BTC. the hard fork will not going to make you losing any of BTC. the only correct option is #1 the rest just merely speculative options I don't recommend those.
If I recommend, just hold bitcoin, wait and see and then take an action. The segwit2x have 50:50 possibility of pumping or dumping. It's better than missing a train of profits.

[coiner495]

Turned out HODL was the best strategy.)) Proven to be the best once again.

Proof: https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

Looks like whales were planning a correction for BTC and wanted speculatons about segwit2x to push the price down.
This newsletter supposedly was planned to trigger BUY signal and reverse the trend. However BTC market was too euphoric to even care about what's bad with serwit2x.

I'm surprised this news came out yesterday (not 1 day before fork). Maybe someone wanted to make the last effort to smaller his losses? )

Now it's a weird situation. No fundamental reason for price to go in any direction. S2X is not a threat anymore (good), but free airdrop coins are also not going to happen (bad for those who thought S2X was supposed to be just another free-coins-fork).

The question now is what's next? But this is another topic...

[V.gorn]

Hi! I heared hardfork was canceled. What will be considering this information? All will be like before or it can cause any changes?

[krisnt80]

Well as the way it happened into other forks i would hold my coins soo i can get all the forks that will happen with bitcoin, i dont pretend to sell any of them since, i will hold them for a while to see wich version will sucess, because there are a lot rumors some of them might fail after some period, the community might go into different directions, but sooner or later only one bitcoin should remain strong to keep ahead, soo isnt an easy task to choose to stay with bitcoin or moove into some altcoin, litecoin looks like is already getting ready to get some people into it while the fork is coming. Since the halving has been canceled bch has jumped a lot due to some rumors but looks like its over.