If you don't know what is going on in Bitcoin lately please take a look through my past posts, in particularly the ones at the bottom of this post!
Bittrex just announced that they will be increasing their confirmation time for Bitcoin deposits to 6 as they prepare for the coming potential uncertain times in Bitcoin over the next week.
What should I be doing?
HODL! Simply keep your Bitcoin if you can in your own wallet that you control the private key(s) for! Read through the following posts as they will help you refresh and get caught up with what is actually going on and follow me as we navigate this crytpo sea together!
https://steemit.com/bitcoin/@bigdeej/bitcoin-cash-what-it-is-and-how-it-effects-you-bitcoin
https://steemit.com/bitcoin/@bigdeej/bip-91-activated-but-now-bip-141-what-is-going-on-bitcoin
https://steemit.com/bitcoin/@bigdeej/101-block-backlog-in-bitcoin-after-segwit-91-activation
https://steemit.com/bitcoin/@bigdeej/is-bitcoin-stalling-last-block-30-minutes-ago-bitcoin
https://steemit.com/bitcoin/@bigdeej/segwit-adopted-bip-91-activated-bip-141-countdown-begins-bitcoin
https://steemit.com/steemit/@bigdeej/why-hodl-and-not-hold
Best of luck to everyone and keep hodling on until this passes. Hopefully everyone will come out on top once we get past all of this.
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Suggestions on what to do since my Ledger won't be here until September??
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You can setup a paper wallet or use an air gaped computer with your wallets installed there offline.
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HODOR!!! ;) =P
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Thanks for the info deej. HODL'ing! My new black Trezor is arriving tomorrow! I'm debating transferring all BTC off exchanges I'm using in the next few days...
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Bitfinex is now 7 confirmations. What if you want to buy some before 31 will it cost more to send it to your wallet?
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