PSA: Do NOT send Bitcoin Right Now

in #bitcoin7 years ago (edited)

Due to Segwitx2 Lockin and possible orphans and network freezes.

Many exchanges/services wont accept deposits and withdrawals now



TLDR; Pools signalining non-segwit blocks will be orphaned (we can even say reversed) as network wont accept them.

Trading works everywhere so if you need to move coins use STEEM, LTC or ETH for now.

Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips!

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Thank you!

For now network seems allright - sending/receiving works.
most services moved to more confirmations now so deposits are slower

The wait is over now. Bitcoin transactions can be done now but has 7 confirmations now.

I think that it is safe to withdraw. A lot of exchanges are allowing it with 6 confirmations. Im trying to get mine out of Bittrex into cold storage right now.


http://www.FlippyCoin.com is the #1 Cryptocurrency Exchange!

Quick update, I got my withdrawal from Bittrex into my cold storage now.

Thanks for this valuable information I think this sigwit may not affect the price of bitcoin I mean bringing down the price.

Thanks for the update.

Thanks for sharing.

I think it is ok to send still, but you should wait for a lot more confirmations - 5 to 6.

this post is to make your life easier it doesnt mean that theres no way to send ;)
but imagine 1000 people did wirthdrawal from exchange during this time and 100 were unlucky to get few times into non-segwit blocks.. then each makes ticket.

you are then stuck for a day or two without BTC.

better to sometimes wait

Yeah I'm keeping nearly everything in my Trezor right now. Even if there is a tiny risk at the moment. Not worth the risk!

I agree with you @kingscrown ..waiting time from today until August 15-20...or your coin is at risk..wait and see

think s follow me

YES IT IS OK TO SEND BTC, Because I did it before I read this article and it was successful.
thousands of people are making transactions right now and I am sure it is all going alright.

Yeah, took me 2 hour to transfer tho.

Is it advisable to buy bitcoin today or tom? Are prices going to be slashed?

I don't have any amount of bitcoin to send:(

Should get your first Bitcoins at a Bitcoin Faucet: www.claimbtcs.com

sounds like you were what they're called orphanitated or somethin

yeah, agree!

Everything seems to be alright for me. No problems here!

Why are there 5-6 confirmations involved? Crypto currency payment processes are not seamless. Is this because the people controlling the global money I mean the Warren Buffet and Peter Schiff who called Bitcoin 'Digital Fool's Gold'?

Digital Fool's Gold, lol. It has made a lot of people money though too. If nothing else it's a different way to pay for transactions, which is always a good thing.

Yes... But some exchange sites disabled the function

I don not really understand any of this but I am trying to learn.

We should wait for hard fork to pass. In the mean time we need to make sure our Bitcoin our safe with private keys. Don't do any transaction till all these get passed away.

@kingscrown

Funny you should mention it, waiting on coinbase right now.

BTW: Am I not seeing this correctly or are people not up-voting their own posts? I see lots of comments here and everywhere with no up votes. Do you all not like your own comments? @Jerrybanfield says it is ok to do.

: )

I am gonna up-vote myself right now. Let me know what's up!

#payitforward

I don't upvote all my posts because i don't want to waste my steem power on myself. Sometimes I will upvote myself it just depends I guess. thanks for the informative comment.

Hahaha. Just what we need, lessons on empathy from a machine. :))

Thanks for sharing!

BEST TO KEEP YOUR BITCOIN OFF EXCHANGES THIS WEEK.png

Great info, thank you!

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