1. #1
    MeanPeopleSuck
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    Bitcoin's Hard Fork to B2X: Everything You Need to Know

    First, a warning: these two coins, BTC and the new B2X, are about to be in direct competition for the same miners' support, so there's a real chance one of the coins could end up worth zero. So unless you're totally bitcoin savvy, the safest thing to do is to hold onto both coins and just let the war play itself out.


    1. What?

    On November 15th or 16th, BTC will "hard fork" into BTC and BTC SegWit2x (B2X). A "hard fork" is when a coin permanently divides itself and its value into two separate coins, operating independently into the future under two separate sets of rules.


    If you own BTC on that date, you’ll be eligible to receive a free, equal amount of B2X. So if you own, say, 1.5 BTC, you’ll be eligible to receive 1.5 B2X.


    2. When?

    The blockchain ‘photo’ will be taken on taken on Block 494,784, which will probably be mined on November 15th or 16th, depending on mining speeds. Here's an updating countdown:
    https://bashco.github.io/2x_Countdown/


    3. What do I have to do to make sure I get my B2X?


    The best option is to move your BTC to a Safe Exchange that automatically credits your B2X to your account without you having to do anything (see the list below).

    Alternatively, you can move your BTC to a private wallet where you have control of the addresses' private keys like Electrum, Airbitz, Bitpay, Blockchain.info, etc. But the drawback to the private wallet approach is trading of B2X will probably begin immediately on the exchanges, but you won't be able to participate because B2X won't be moveable on the blockchain for a certain amount of time after the fork.


    3A. Safe Exchanges -- These have declared they'll award B2X to their clients without their clients having to do anything at all.

    1. Coinbase:
    https://support.coinbase.com/customer/portal/articles/2892985-segwit-2x-faq

    2. Bitfinex: https://www.bitfinex.com/posts/223

    3. Blockchain.info -- Blockchain's actually a wallet, not an exchange, so while you'll definitely be awarded your B2X, you won't be able to move B2X to an exchange for some time after the hard fork, meaning you won't be able to sell your B2X for that period of time.

    4. GDAX -- https://blog.gdax.com/timeline-and-s...d-83778344949d


    3B. Unsafe Exchanges -- These have declared they either might not or definitely won't distribute B2X to their clients.

    1. BitMex: https://blog.bitmex.com/policy-on-bi...-forks-update/

    2. Gemini: https://gemini.com/blog/upcoming-bit...ge-operations/


    ​3C. Undeclared Exchanges -- These haven't announced a position yet on B2X distribution.

    Bitstamp, Bittrex, Poloniex, Kraken, WhaleClub, and others.

    If anyone hears of any of these exchanges, or any other exchanges, declaring a position on B2X, please post it.


    4. How Much Might the New Coin Be Worth?

    Futures markets are currently valuing B2X around $1200, which means if the fork happened today, BTC would come out of it around $6000 and B2X around $1200, but futures markets have a pretty crummy track record at predicting hard forks accurately, so who knows?


    5. A Final Thought.

    If and when Bittrex and Poloniex declare for B2X, they might be the best places to have your BTC for the fork, especially if you're considering selling your B2X. This is because those two sites have the lion's share of crypto folks interested in alt-coins, so during the window of time between when B2X trading starts and when B2X can be moved around on the blockchain, they're likely to have the highest prices.

    At least that's what happened last time: https://www.sportsbookreview.com/for...x-opinion.html
    Last edited by MeanPeopleSuck; 11-03-17 at 08:18 PM.
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  2. #2
    raiders72001
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    Quote Originally Posted by MeanPeopleSuck View Post
    First, a warning: these two coins, BTC and the new BX2, are about to be in direct competition for the same miners' support, so there's a real chance one of the coins could end up worth zero. So unless you're totally bitcoin savvy, the safest thing to do is to hold onto both coins and just let the war play itself out.


    1. What?

    On November 15th or 16th, BTC will "hard fork" into BTC and BTC SegWit2x (B2X). A "hard fork" is when a coin permanently divides itself and its value into two separate coins, operating independently into the future under two separate sets of rules.


    If you own BTC on that date, you’ll be eligible to receive a free, equal amount of B2X. So if you own, say, 1.5 BTC, you’ll be eligible to receive 1.5 B2X.


    2. When?

    The blockchain ‘photo’ will be taken on taken on Block 494,784, which will probably be mined on November 15th or 16th, depending on mining speeds. Here's an updating countdown:
    https://bashco.github.io/2x_Countdown/


    3. What do I have to do to make sure I get my B2X?


    The best option is to move your BTC to a Safe Exchange that automatically credits your B2X to your account without you having to do anything (see the list below).

    Alternatively, you can move your BTC to a private wallet where you have control the addresses' private keys like Electrum, Airbitz, Bitpay, Blockchain.info, etc. But the drawback to the private wallet approach is trading of B2X will probably begin immediately on the exchanges, but you won't be able to participate because B2X won't be moveable on the blockchain for a certain amount of time after the fork.


    3A. Safe Exchanges -- These have declared they'll award B2X to their clients without their clients having to do anything at all.

    1. Coinbase:
    https://support.coinbase.com/customer/portal/articles/2892985-segwit-2x-faq

    2. Bitfinex: https://www.bitfinex.com/posts/223

    3. Blockchain.info -- Blockchain's actually a wallet, not an exchange, so while you'll definitely be awarded your B2X, you won't be able to move B2X to an exchange for some time after the hard fork, meaning you won't be able to sell your B2X for that period of time.

    4. GDAX -- https://blog.gdax.com/timeline-and-s...d-83778344949d


    3B. Unsafe Exchanges -- These have declared they either might not or definitely won't distribute B2X to their clients.

    1. BitMex: https://blog.bitmex.com/policy-on-bi...-forks-update/

    2. Gemini: https://gemini.com/blog/upcoming-bit...ge-operations/


    ​3C. Undeclared Exchanges -- These haven't announced a position yet on B2X distribution.

    Bitstamp, Bittrex, Poloniex, Kraken, WhaleClub, and others.

    If anyone hears of any of these exchanges, or any other exchanges, declaring a position on B2X, please post it.


    4. How Much Might the New Coin Be Worth?

    Futures markets are currently valuing B2X around $1200, which means if the fork happened today, BTC would come out of it around $6000 and B2X around $1200, but futures markets have a pretty crummy track record at predicting hard forks accurately, so who knows?


    5. A Final Thought.

    If and when Bittrex and Poloniex declare for B2X, they might be the best places to have your BTC for the fork, especially if you're considering selling your B2X. This is because those two sites have the lion's share of crypto folks interested in alt-coins, so during the window of time between when B2X trading starts and when B2X can be moved around on the blockchain, they're likely to have the highest prices.

    At least that's what happened last time: https://www.sportsbookreview.com/for...x-opinion.html
    great information. Bitfinex is closing to US customers some time prior to Nov. 9th. They aren't going to allow deposits, trades or withdrawals.

    SBR Founder Join Date: 8/10/2005


  3. #3
    swordsandtequila
    If you listen to fools... The Mob Rules
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  4. #4
    TheMoneyShot
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    Couple questions... any poster can answer....


    1. When you go to GDAX website... and you click on "USER AGREEMENT" why does it take you to a Coinbase webpage? Are they in bed together? If this is the case... why would we trust GDAX?

    2. I'm thinking about leaving the Bitcoins in my BlockChain wallet at the Segwit2x FORK. Can someone confirm 100% that blockchain will give me 1 for 1 on the coins at the FORK? If not... which exchange would you trust with no hassles?

    3. MEANPEOPLESUCK - This question is for you... in one of your other threads you listed the top exchanges that don't require any personal information to gain access. Bittrex.com did require my SSN and street address. I was hoping to find an exchange that wouldn't do this... and would give me 1 for 1 at the FORK with no hassle. Any top exchanges you recommend? Thank you.
    Last edited by TheMoneyShot; 11-06-17 at 04:30 AM. Reason: Typo

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  5. #5
    raiders72001
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    Quote Originally Posted by TheMoneyShot View Post
    Couple questions... any poster can answer....


    1. When you go to GDAX website... and you click on "USER AGREEMENT" why does it take you to a Coinbase webpage? Are they in bed together? If this is the case... why would we trust GDAX?

    2. I'm thinking about leaving the Bitcoins in my BlockChain wallet at the Segwit2x FORK. Can someone confirm 100% that blockchain will give me 1 for 1 on the coins at the FORK? If not... which exchange would you trust with no hassles?

    3. MEANPEOPLESUCK - This question is for you... in one of your other threads you listed the top exchanges that don't require any personal information to gain access. Bittrex.com did require my SSN and street address. I was hoping to find an exchange that wouldn't do this... and would give me 1 for 1 at the FORK with no hassle. Any top exchanges you recommend? Thank you.
    1. Same company. GDAX is a part of Coinbase.
    2. You will get 1 to 1 at blockchain.info but you will have to export your private keys. It's easier to keep it in a wallet that supports SegWit2x such as Electrum or an exchange that supports SegWit2x. That information will all come out closer to the time of the fork.

    SBR Founder Join Date: 8/10/2005


  6. #6
    jtoler
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    Quote Originally Posted by TheMoneyShot View Post
    hange would you trust with no hassles?

    3. MEANPEOPLESUCK - This question is for you... in one of your other threads you listed the top exchanges that don't require any personal information to gain access. Bittrex.com did require my SSN and street address. I was hoping to find an exchange that wouldn't do this... and would give me 1 for 1 at the FORK with no hassle. Any top exchanges you recommend? Thank you.
    bittrex bait and switchers, garbage frauds.

  7. #7
    Goatman
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    I read today that the upcoming fork will not happen after all. Can anyone else confirm this? It came across on one of my crypto news apps, CoinTelegraph perhaps.
    Last edited by Goatman; 11-08-17 at 10:34 PM.

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