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How to Prepare for a Bitcoin Hard Fork

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Theo
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How to Prepare for a Bitcoin Hard Fork

Postby Theo » Wed Mar 15, 2017 2:12 pm

http://bitcoinist.com/prepare-bitcoin-hard-fork/
Worried about being stuck on the wrong side of a potential Bitcoin hard fork? Bitcoinist explores what regular users and holders should expect.

Trade
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Re: How to Prepare for a Bitcoin Hard Fork

Postby Trade » Wed Mar 15, 2017 6:27 pm

Hi,

Nice article Theo. I missed that one on the regular BTC News sources.

I'm moving 5% of my BTC holdings to ETH to diversify a bit.
The Chinese PBOC and ETF were serious matters, but didn't concern me fundamentally.

The current hacking/attacks by Core against Bitcoin Unlimited and BU Mining Pools having 100 Million set aside to attack a smaller Core fork if there is a hard fork is concerning me though. Especially with Antpool making the move to BU, BU should have the momentum now and be able to hard fork in 3 months.

I think the blockchain should be secure even if Core just did attack 800 BU Nodes yesterday.

Ref: BTC.top plan to attack smaller chain after Hard Fork
https://www.cryptocoinsnews.com/bitcoin ... ning-pool/

P.S. I guess killing the smaller chain fast is probably a good thing. Just the rhetoric heating up between Core and BU is discomforting. Not to mention sky high BTC Fees right now causing BTC to lose market share to Altcoins.

Trade
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Re: How to Prepare for a Bitcoin Hard Fork

Postby Trade » Fri Mar 17, 2017 6:06 am

Moving into ETH paid off, but it's market cap is getting a bit insane right now.

Here is another good article regarding possible Hard Fork:
https://vinnylingham.com/a-fork-in-the- ... .4ag1xll9t

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Theo
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Re: How to Prepare for a Bitcoin Hard Fork

Postby Theo » Fri Mar 17, 2017 12:38 pm

Just remain calm.
The price is not going to be rational.
Make sure that a lot of your holding is not stuck on an exchange when a fork happens.


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