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August 1st Bitcoin Segwit2x: Easiest Way To Keep Coins Safe!

Discussion in 'Bitcoin Investments | Discussions' started by Prezzy, Jul 15, 2017.

  1. Prezzy

    Prezzy Leader Protector

    Bitcoin Segwit is real and if you don't about it, please comment on the bottom and I'll provide you with a link that explains what it is and what you need to know about it.

    One of the biggest problems with Segwit is that you may fall on the wrong side of the soft fork and this can drag the value of your Bitcoin holdings to zero or just above that.
    That's to say that, after the soft fork on Bitcoin, you can either be on one fork. If yours is adopted, you will probably enjoy the bitcoin you used to know but If it isn't, your Bitcoins can lose most or all of its value.

    How to stay safe?
    You can actually control which fork you will land in by taking your Bitcoins off the internet and storing it elsewhere or by having your private keys which can be too complicated a process for many of us!

    Yes, having hot private keys and safeguarding your Bitcoins can be an uphill task such as many may not want to undertake it. For me, am not ready for that. But I have another option for the not-so-techy Jackobian Cryptics!

    Am not Techy, how do I keep my Bitcoins safe ahead of Segwit on August 1st?

    If you aren't too techy or you simply don't want to meddle with your private keys then you just have to exchange your Bitcoins for altcoins!

    It's that simple.
    Swap your Bitcoins into altcoins like Ethereum, dash and others. Then after the fork, simply move them back to Bitcoin and you'll have your Bitcoins back.

    Am sure that will save a lot of time and energy for you and it's simple to do too

    How do one exchange Bitcoin to Altcoins?

    I don't have any specific guidelines but all traders definitely know how to exchange.

    All you need is an exchange websites and you can exchange your Bitcoins!

    To learn how to do so, please click here => All About Bitcoin | Altcoins Trading For Traders On Jackobian

    It's a lengthy one so take your time and if you need help, just comment on the bottom!

    I hope this helps guys.

    Happy Segwit!
    celestine, zedzed, philipj and 3 others like this.
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  3. zedzed

    zedzed Grand Mod

    Thumb up
  4. Tbossofficial

    Tbossofficial Well Known

    Pls, I notice bitcion value has been decreasing since yesterday, is this the reason?
    Prezzy and kessyboy like this.
  5. Tbossofficial

    Tbossofficial Well Known

    And what's segwit?
    Prezzy likes this.
  6. zedzed

    zedzed Grand Mod

    Visit here to know the meaning of segwit
    What Is Segwit?
    Prezzy and Tbossofficial like this.
  7. Tbossofficial

    Tbossofficial Well Known

    kessyboy and zedzed like this.
  8. kessyboy

    kessyboy Well Known

    Tbossofficial likes this.
  9. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

  10. kessyboy

    kessyboy Well Known

    @Prezzy what about our money that genesis mining is paying us in BTC do we treat that?
    Prezzy, Tbossofficial and gbolahan like this.
  11. Prezzy

    Prezzy Leader Protector

    Nice one bro. You really good!
    kessyboy likes this.
  12. Prezzy

    Prezzy Leader Protector

    kessyboy likes this.
  13. Prezzy

    Prezzy Leader Protector

    Chime and kessyboy like this.
  14. Chime

    Chime Well Known

    I really think there is no need to panic. All our digital assets in Bitcoin is safe.
    This is not the first time and upgrade is being done in the btc blockchain.
    Prezzy likes this.
  15. kessyboy

    kessyboy Well Known

    do you mean their respective wallets @Prezzy @gbolahan
    Prezzy and gbolahan like this.
  16. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    No can be on exchange site.
    Prezzy likes this.
  17. Prezzy

    Prezzy Leader Protector

    You can use an exchange bro. Some exchanges so as to Decentralize
  18. Prezzy

    Prezzy Leader Protector

    That's one thing Noone has mentioned but if you want to look at it critically, the bitcoin now is a lot different from what it was then. A lot of newbies makes price crash easily and a lot more miners meaning a lot more minds to win in order to avoid a soft fork.

    However, from what we see in the news as shared by @zedzed and Co. Today, much miners at already aligning for Segwit so there might be no fork
    zedzed likes this.