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Topic: To Greed or to play it safe. (Read 1585 times)

Juggy777 (OP)

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To Greed or to play it safe.

November 02, 2017, 04:54:39 AM

#1

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.

humanvelocity

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Re: To Greed or to play it safe.

November 02, 2017, 05:05:57 AM

#2

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.

RoommateAgreement

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Re: To Greed or to play it safe.

November 02, 2017, 05:08:10 AM

#3

you don't have to go all in!

for example in case of bitcoin gold, i wanted it fast and knew it will be a long time before i can sell my BTG if i wait for them to release something and then see if it clean and then spend and finally sell. so i looked for exchanges and find out a couple i didn't know and also Yobit. so i deposited a part of my total bitcoins in Yobit and waited to dump. and i did that near the top at 0.19BTC per BTG!

that way i both get something good out of that fork and also take a smaller risk. you know the first rule is to invest what you can afford to lose. and that is what i did. i still have more BTG which i have not yet claimed and price has fallen but i am ok with that since i already gotten a good deal.

Buying the dip...

MandyViki

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Re: To Greed or to play it safe.

November 02, 2017, 05:10:35 AM

#4

You should also take into account the fees of moving your currency from one source to other.
Best is to keep everything with electrum and do a one time procedure for claiming the fork coins.

The fork is to happen at a specific block which may happen before nov 13 like it happened for bitcoin gold.
WHATIF your balance is stuck in blockchain in neither of the wallets

. lol. just messing. I would pick electrum over coinbase. but thats just me.

Kemarit

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Re: To Greed or to play it safe.

November 02, 2017, 05:27:58 AM
Last edit: November 02, 2017, 09:32:49 AM by Kemarit

#5

Quote from: Juggy777 on November 02, 2017, 04:54:39 AM

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.

Would rather have my bitcoin in my Electrum wallet dude, just to be safe. And then wait for further instructions on how to claim your bitcoin through other means like in Bitcoin Cash. Or you can go deposit have of your bitcoin stash to Coinbase or any exchanges that supports 2x and shift it back to Electrum once again. At least you will not be nervous sitting your bitcoin in an exchange. That's what would I go come 2x split. However, does anyone heard of wallet that will support 2x though like Electron Cash or something?

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CaliforniaCrypto

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Re: To Greed or to play it safe.

November 02, 2017, 05:31:59 AM

#6

I have never had aany issues with Coinbase. They are a legit company with millions of customers and FIAT use as well that makes them heavily regulated. They wont just "mess up" or lose your Bitcoin. Id stick with Coinbase for sure.

pooya87

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Re: To Greed or to play it safe.

November 02, 2017, 05:37:15 AM

#7

for this fork the best option is to hold your coins in cold storage in my opinion. things may get a little weird with the miners and how the hashrate is going to be distributed for bitcoin and in case there were any bitcoin2x fork.

i'd personally wait it out, specially since there has been no replay protection so far apart from the Opt In one.

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fanbeila

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Re: To Greed or to play it safe.

November 02, 2017, 05:41:04 AM

#8

If the free coins is about Bitcoin gold,then i would just hold my bitcoins in my electrum wallet itself as BTG does not have any miner support and its totally an unorganized project.I would not have taken risks fo claiming such shitcoin.

But now,this is bitcoin segwit 2x coins and it has almost 85% of miners support and some exchanges have announced that they support it.So,definitely it would be more worth and so,i would move my BTC to coinbase or bittrex and claim free bitcoin segwit 2x coins and then transfer my bitcoins to my electrum wallet.

Just playing the game a little bit safe.

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Kakmakr

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Re: To Greed or to play it safe.

November 02, 2017, 05:42:00 AM

#9

My strategy with these forks has always been to sell 50% as fast as possible to get the highest price. {for some reason the price is always at it's highest, just after the fork} I always keep 50% in the event that I am wrong and the price goes up much higher later on. < I call this my 5050ForkHodl strategy >

We have to cover all basis to maximize our chances of getting a good payday from these forks. ^smile^

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carlfebz2

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Re: To Greed or to play it safe.

November 02, 2017, 05:43:51 AM

#10

Quote from: Juggy777 on November 02, 2017, 04:54:39 AM

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.

I have received also the email was sent by coinbase regarding on the bitcoin2x which they would really credit equivalent on the bitcoin that you stored in on those times. This decision would really depend on you if you can able to handle the risk on using coinbase on that time which you don't have the private keys of that wallet or would decide to move out into electrum which you have the full access on the keys.This is actually peoples preference or decision.

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1NV3ST0NM3

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Re: To Greed or to play it safe.

November 02, 2017, 05:44:46 AM

#11

Quote from: Juggy777 on November 02, 2017, 04:54:39 AM

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.

If coinbase has given a statement that it will accrue the number of B2x in your wallet then you dont really need to worry. But the best option out of all is to shift your btc to any exchange which supports b2x. You can easily trade your b2x this way.

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Re: To Greed or to play it safe.

November 02, 2017, 05:45:16 AM

#12

Quote from: Juggy777 on November 02, 2017, 04:54:39 AM

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.

Sometimes is better to play it safe..how about you deposit like a little in coinbase and leave the rest in the place you feel secure ... Using one stone to kill two beds

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Re: To Greed or to play it safe.

November 02, 2017, 05:49:31 AM

#13

Quote from: Juggy777 on November 02, 2017, 04:54:39 AM

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.

I think you can go either way, coinbase is a popular exchange and so the risk is not that high even if you transfer your coins there. But yes, it is risky to have all of your assets on an exchange, if you are concern about it, then sure keep them in your wallet and there may come a way to extract bitcoin2x from the wallet too, it will be manual but still, doable.

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Re: To Greed or to play it safe.

November 02, 2017, 06:05:57 AM

#14

Greed is always good. Isn't that some parable? Grin

Grin

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Re: To Greed or to play it safe.

November 02, 2017, 08:09:37 AM

#15

Quote from: Juggy777 on November 02, 2017, 04:54:39 AM

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.

well i think it is better to play safe than sorry because btc2x has no replay protection so, making your money at risk i suggest that you should move your bitcoins in your electrum wallet to make sure your bitcoins are safe in event of hard fork and vulnerabilities or you can use coinbase if you want to claim your btc2x since coinbase is a reputable exchange and i don't think that they runaway like some small exchanges so, your coins will be safe in coinbase. anyway either of those two will provide you security only you will decide which is better.

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Re: To Greed or to play it safe.

November 02, 2017, 08:20:39 AM

#16

I'm always a fan of playing it and not risking much but normally that isn't a big payer like risking it.

jaaeeeyyyy

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Re: To Greed or to play it safe.

November 02, 2017, 09:43:34 AM

#17

It depends on the person if he/she wants to risk it or keep it. but for me i will risk the half , because it can double or even triple your bitcoin when you try to risk it or have it as your loss but you do have your half whenever it fails unlike keeping it you are just waiting the value to get high or worst case scenario it will get low over time. Risking it will give you options for it.

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Re: To Greed or to play it safe.

November 02, 2017, 04:55:42 PM

#18

for myself, i don't want to use coinbase and i think its better to use exchanges to keep our btc and if that exchanges support the segwit2x, then we should get free coins. i think it will be happen over and over when bitcoin need to hard fork in future so if we don't have any balance bitcoin in the exchanges then we can not get free coins. i think its not good if we are trying with hard by make arbitrage from one wallet to another wallet.

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Re: To Greed or to play it safe.

November 02, 2017, 05:02:27 PM

#19

Quote from: BitcoinCurve~ on November 02, 2017, 08:20:39 AM

I'm always a fan of playing it and not risking much but normally that isn't a big payer like risking it.

It will depend upon the risk appetite the person has. If the btc is not much and would like to take a risk then they can go with coin base and get the new coins as well. But if people feel risky and do not want to take risk of giving the private keys than better be safe and let that be in your bitcoin wallet only.

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Re: To Greed or to play it safe.

November 02, 2017, 05:41:06 PM

#20

First.. change the title
Greed is a noun not a verb, normally you would say "to be greedy or"

Now back to the coinbase dilemma
With all their faults I think coinbase it's probably the safest choice when coming to exchanges.
If this goes down we all are going to be hit so it takes a few of the "risks" off.

But I would still go with electrum, then moving the coins to the dedicated wallet..

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