BREAKING NEWS: Coinbase States Which Fork Of Bitcoin Is BTC!

in crypto-news •  2 years ago 
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.. in bed?

sasaskomikero.gif

Everybody think that fork is the big thing, we'll see.

great video @crypt0 thanks for sharing this wonderful information

The chain with the most cumulative proof of work, as defined by Satoshi in the whitepaper. Did anyone really expect anything different? The thing is, as long as miner support for 2x remains overwhelming, the 2X chain will accumulate the most work within a few blocks.

Nice job man. Recording from bed its pretty impressive. Just goes to show your dedication and how big this new is. Thanks.

Here’s a summary:

In Coinbase’s 24 Oct post, they planned to refer to the current and new bitcoin blockchains after the SegWit2x fork like so:

  1. The current Bitcoin will be known as Bitcoin (BTC)
  2. The forked blockchain will be known as Bitcoin2x (B2X)

In their latest 25 Oct post, they indicated that they plan to “call the chain with the most accumulated difficulty Bitcoin.”

This means that the forked 2X could possibly end up as BTC on Coinbase. They haven’t decided yet, and will see how things play out after the fork,

If you buy bitcoin on Coinbase, you need to be aware of this. I suggest moving your bitcoin to a wallet where you hold your own keys before the fork.

The Segwit2x will be better than Bitcoin Gold one, no matter how bad it can be :))

This is really wonderful news. Competition is going to drive it up even further above $6500

thanks for information.

It can not be denied, that in any business or trade and aggressive of any speculative, at the end of the market that will determine its value, regardless of what market the producer means and for what consumer money is, this is reality

  ·  2 years ago (edited)

hey bro @crypt0,
Thank you so much for continuing to publish this important information.
the video is very very nice and your talking style is very nice .thanks for sharing.
upvoted and resteem

thanks for this video

Aren't we just plain lucky to have Omar even inform us from bed.
Just imagine what you would have to pay if you were to having a pro trader doing that. He will not be forgotten in my book.

What do you recommend? Buy sell or hold if I'm holding BTC right now?

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personally I'd be buying right now, I think the price can only rise to the fork. Then post fork we'll see a dip but it will consolidate and rise towards the end of the year and beyond, that's my 2 satoshis..

I'll be surprised if anyone is ever able to actually get enough support on a fork to hijack BTC

good job friend and thank you for sharing information @crypto

Thanks for information.....best

Your post was resteem by Whale ResteemService @booster007

Keep it up!
All the best!

First Follow for 3 hours | Send a transaction with post URL | Your post gets resteemed | A post can only be resteemed once!

@crypto once again you're the first source where I heard about fresh, new information about crypto.

I appreciate your work and diligence reporting accurate new information.
Awesome kick ass article man!

great video this is thanks :) for sharing

So if I want my 2x I should transfer my btc to coinbase right? then not move any for a few weeks to avoid replay attacks? hmm

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You don't have to move to coinbase, just store your own private keys. Ledger or trezor, or soft wallet like exodus or electrum will all be fine as I understand it. As long as you have your private keys you will own both

This comes as no big suprise. There were so many red flags with the Bitcoin Gold fork. I mean, there's almost no documentation about their project, there's no replay protection...not to mention the entire idea seemed to come out of nowhere. It will not be supported, I have a strong feeling that it's a scam meant to take advantage of replay scamming. Bitcoin Core all the way baby!

They haven't posted anything about distributing the Bitcoin Gold generated in customer accounts have they? I had some in Gdax... still haven't heard anything yet. Does anybody here know about this?

This comes as no big suprise. There were so many red flags with the Bitcoin Gold fork. I mean, there's almost no documentation about their project, there's no replay protection...not to mention the entire idea seemed to come out of nowhere. It will not be supported, I have a strong feeling that it's a scam meant to take advantage of replay scamming. Bitcoin Core all the way baby!

Thanks for sharing bro ...

Thanks for the post and very nice

Great video update omar, but i hope you are not ill and in a very good health.
People here loves you man.

Thanks for the info

follback bro

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Nice, good to get some clarity.

BitcoinGold, another stupid mistake from Mining Pool's corporations.
Honestly if you look rationnaly at Bitcoin, it is overvalued.
Other cryptos are better, faster, more secure and cheaper.

Very useful information. Thanks for sharing...

THANK U SO MUCH FOR UR VALUABLE INFO

Thanx for sharing this Great Post!!

thank for information , great article keep the good work

Hi,
Your content is helpful.

needed news.

Am sure this will drive the price of Bitcoin up drastically before the fork.

This does mean we will have two coins in our coinbase wallet when the fork happens to trade as we so fit correct?

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Do yourself a favor and get a hardware wallet such as Trezor or Ledger S Nano. There's only two types of exchanges according to Andreas Antonopoulos: "those that have been goxxed and those that will be goxxed". Keeping your coins on an exchange violates the decentralization principles of Satoshi Nakamoto. Governments will eventually seize the exchanges if bitcoin becomes a threat to the USD. It's not that bitcoin wants to be a threat, but the fact that the Federal Reserve prints up reserve notes, creates an equity drain on the inflationary currency (see Gresham's law)...

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i don't think you will be able to trade BTCgold on coinbase only to withdraw. This will be the same for BCH which will be available in January.

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I know for sure BTCgold they will not support and BCH I feel is going to fall through before coinbase adds it. But this is BTC1 which is when bitcoin forks for Segwit2x im curious if this statement means we will have the split of coins in our wallet like with other hard forks such as what happened with Bitcoin cash.

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According to Coinbase: "if you have 5 BTC stored on Coinbase before the fork; you will have 5 BTC and 5 B2X following the event."

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Yup the part the worries me though is the until their is a clear supported winner lol

amazing work dude,,its very impressive,,thanks fr that

If ya'll want a strong investment plan visit https://bitpetite.com/?aff=kipparinga (bitpetite) Its a bittumbler that privatizes btc transactions using other currencies. You as an investor get paid dividends from fees they charge people to use their service.

You can invest your BTC, ETH, LTC and or XMR into bitpetite for either;
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They recently updated their server to allow almost instantaneous withdrawals - you get paid hourly through dividends and can withdraw on demand. (within the minimum amount which is less than 5 dollars)

I would deem it low - medium risk as of now -

Good luck and happy investing :)

Hi ,
Thanks for the great content