BTC - Bitcoin fork, what to do? - Altcoins
Updated
Ok so the segwit2x fork is going to occur within few hours. Every person holding BTC will receive B2X with a 1:1 ratio. Meaning if you have 1 bitcoin you will receive 1 B2X. If you have 0.3 BTC you will get 0.3 B2X.
No you don't need to do any action to get the B2X coin. After few weeks from today exchanges will start adding B2X so you will be able to trade it. Current price of B2X is 382$, this however will change a lot later on.
Ok so if you have any alt coin right now, at the time of the fork you won't get B2X. Because of that I'm expecting alts to go down as everybody is trying to get the free B2X coin. Then right after the fork they will reinvest in alts.
Also BTC might start its correction/price retraction right after the fork.
Personally I'm going to stay away from alts until the fork is over then determine what to do after based on the situation.
DCFreak.
No you don't need to do any action to get the B2X coin. After few weeks from today exchanges will start adding B2X so you will be able to trade it. Current price of B2X is 382$, this however will change a lot later on.
Ok so if you have any alt coin right now, at the time of the fork you won't get B2X. Because of that I'm expecting alts to go down as everybody is trying to get the free B2X coin. Then right after the fork they will reinvest in alts.
Also BTC might start its correction/price retraction right after the fork.
Personally I'm going to stay away from alts until the fork is over then determine what to do after based on the situation.
DCFreak.
Note
So just to clarify, this segwit2x fork is not the same as the original segwit2x that was cancelled.Still there is a fork. However, I doubt that big exchanges will support it. We will see in the future.
Note
BTC isn't looking that good.... again we might be going through the correction cycle I have been talking about since the 24th of Dec. This will change the entire game for ALTS. Will keep you updated.
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