๐SAFETY MEASURES๐
BITCOIN PROTOCOL UPGRADE
๐๐๐๐๐๐๐๐
Be safe with your Bitcoin
Before Bitcoin's upgrade and after August 1st UASF (BIP 148) and SegWit MASF deployment, where different scenarios arise
There might be two types of Bitcoin tokens... every Bitcoin will be copied to two different coins ๐๐ Activated & Not Activated (BTC 1 & BTC 2), and two chains...
This coin-split can be messy and risky. And if you're not careful, you could lose funds
- Convert your Bitcoins to USDT as it stores your value as is... Only RSK can help bitcoin now
- Hold BTC worth you can afford to lose
- Altcoins are totally unaffected by this protocol upgrade
- If you are storing your bitcoins on an exchange, in a custodial wallet like Luno, Coinbase, Circle or Xapo, or on any other service that holds your private keys for you, you may or may not receive coins on both ends of the chain.
- Alternatively, you need to create your own wallet. (Offline wallet)
Send your bitcoins to one or several Bitcoin addresses in this new wallet that holds your private keys - Recommended wallets: Copay, Mycelium, Coinomi
Just be safe!
To Recap...
- Control your private keys
- To be on the safe side, avoid any transactions on and shortly after August 1st
- If there are still two chains when the dust settles, split your coins into different wallets
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