What are you going to do with your Bitcoin when(if) the fork happens?

in bitcoin •  7 years ago 

Bitcoin.jpg

This month has been really interesting in the world of cryptocurrencies and on August the 1st things are going to get even more interesting. Bitcoin has been in a constant downtrend for the past week and it's even having effect on other currencies like Litecoin for example. If a hard fork happens then a split in Bitcoin will be unavoidable take Ethereum and Ethereum Classic for example. There are many options for you to choose from if you currently own any Bitcoin. There is a possibility that the fork will raise Bitcoin's value, if you wanna hold onto your Bitcoins then it's risky to store them in an exchange (i.e. Coinbase) as the balance may be gone overnight. The best way to hold onto your Bitcoins during the fork is to store them in a hardware wallet or a cold storage wallet (i.e. paper wallets), as long as you are in control of all of your keys you should be fine using a desktop wallet like Electrum. The safest way you can't go wrong with during the fork is to exchange all of the money to fiat money and if the price falls you could have a potential investment.

So what's your opinion, will you hold your Bitcoin or exchange them to fiat money? Make your opininon known in the comments section below!

Thanks for reading!

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I will be holding mine!

Hold on to your bitcoins!