Should I sell my bitcoin before the SegWit2X hardfork?

Discussion in 'General Bitcoin Gambling Discussion' started by SuckIt, Oct 4, 2017.

  1. SuckIt

    SuckIt Member

    Some of you might not be aware that there is a very controversial hardfork expected to happen in mid to late November 2017. When Bitcoin Cash hardforked at the beginning of August, they added replay protection which basically created a new chain and allowed users to safely split their coins into BTC and BCH. Unfortunately the developers of this new new 2X coin Jeff Garzik has no morals and is refusing to add full replay protection which means it will be hard to distinguish between the legacy chain and the new 2X chain. As a results, users of SPV wallets like Bread or Mycelium will suffer from replay attacks and lose their bitcoin.

    This will likely cause chaos in the bitcoin ecosystem and may results in a a huge price correction. Because of this, I'm considering selling all my bitcoin right now and waiting until all the drama is over to buy back. However, if I do that then I will lose out on receiving the B2X coins like I did with Bcash.

    So, I'm wondering what other hodlers on this forum are planning to do?
  2. Humble Servant

    Humble Servant Active Member Staff Member

    I was sure that the price of bitcoin would plummet before the SegWit2X hardfork in November but maybe I was wrong. Today we saw an all time high price for bitcoin of $5,300 and it might go even higher. After the Bitcoin Cash / Bcash airdrop of free coins, bitcoin hodlers seem to be less afraid of hard forks and are eager to hold coins during the fork so that they will also receive their B2X coins.

    We are still 4 weeks away from the fork so maybe the price will tank right before the fork but who knows.
  3. Humble Servant

    Humble Servant Active Member Staff Member

  4. Freddy

    Freddy Member

    if you panicked and sold all your bitcoin before the segwit2x hardfork, you would have lost a lot of money. personally i think the whole thing was a charade that allowed jihan wu and roger ver to play the market. they new it would eventually be called off so they bet on the price going up and we got a new ath.
  5. uglymug

    uglymug Member

    I hope you sold your Bcash after the fork. Right after the fork a single BCH was worth 0.2 BTC but now it's only worth 0.05. My guess is it will go lower once the 100k+ Mt Gox BCH coins are redistributed.

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