Bitcoin Charts, page-22

Just an update on the upcoming forks ....

I've heard mixed reports about where to store your coins during the hard fork events for both ETH and BTC so thought I would share them here as an FYI.

Most peeople are recommending sending your coins to a wallet for storage during the event, but I thought I would share what i've seen floating around.

Recommendations ;
1. What you should do is hold it in a wallet on October, 25th that gives you access to your private keys. This is the day when a snapshot of Bitcoin's blockchain is taken. The same private key gives you access to BTC and BTG. Replay protection prevents you from spending one when you want to spend the others. Just hold it in a wallet on the 25th and then wait for news from the BTG people.

2. Store it either on a wallet or in a reliable exchange like Coinbase or Botfinex, allow the process to play out and dont make any trades as it can inadvertantly cause errors in the system. The exchanges are recommending to wait at least a week post fork before making any trades. Wait for confirmation of successful integration before moving.

3.  Bitcoin developers are recommending putting coins into the Bitcoin core version wallet prior to the fork. Its also the quickest way to trade after the fork as exchanges will likely take days to register the new coins into your account.

4. The big 3, BTC, ETH and LTC are not the issue, the remaining alt coins should be avoided.

Keep the thread active, if any updates come I'll post them here.

Cheers