To split or not to split, that is the question
Not the forks, they already happened...
If your Bitcoin (Pre August 1st, 2017) is still sitting in cold storage there are pros and cons to keeping them there
First you can HODL and be no worse for wear, but there is always that temptation to separate the BTC, BCC, BTG, BTD, etc.in the future.
Is it worth it at this time to separate,or just leave them be (paper or hardware wallet).
Pros
- You have separate currencies on separate wallets to sell or HODL.
- You delineate your portfolio to a higher degree
- It will be easier to mark or chart progressions
- Easier to gift or trade
Cons
- Making a mistake in separating process
- Loosing one or more currencies due to that error
- Work involved, (Learning how, Being super cautious, Fear)
- More wallets to store
- Security Breach in BTG or BTD or Even BCH
What are your thoughts?
Should the separation be done sooner, or wait?
I just read another fork maybe coming:
https://steemit.com/cryptocurrency/@oaldamster/lightning-striking-bitcoin-b3122b106ce7a
My guess is just HODL (great term actually), so the dividends keep adding up.
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Image Credit: factordaily, coindesk
Outstanding post and narrative. Thank you for sharing Resteemed!
Still begs the question separate or not.. Now this may be a mute point as there is yet another split on the horizon in December.