OK, I'm out. Sold everything @ 6120 euro. Only have some Dash and Byteball left. Gonna watch this whole Segwit2X-thing from the sidelines, I'll buy back cheaper or more expensive depending on the outcome.
Hope this selling everything pans out as well as the last time I did.
Hope this selling everything pans out as well as the last time I did.
[edited out]
I don't think people should under estimate that this is a war for Bitcoin. The opposition (miners) have a number of nuclear options available to them, and if pushed towards defeat they may consider using them. They may even have mapped out the scenarios and decide to use them pre-emptively. Any dirty tricks will lead to a retaliation,
I'm bullish for long term BTC, and will only support the original Core Chain, but the times are very uncertain and locking in some profits now is probably a wise move, (TBH I've already completed a sell, as I don't want to get caught in a rush for the door).
Wow! You describe a lot of attack vectors against the legacy chain and perhaps counter-measures, too, and even suggesting some worse case scenarios in which economic players are going to be engaged in tactics to attempt to kill the golden goose (the legacy chain) in order to get their way on some kind of uncertain future with some proposed uncertainties and very small teams of disorganized renegades (war mongers as you suggest)?
Sure some of the things that you outline about WAR could happen and some of the ramping up of WAR tactics could happen too, but I am going to suggest that there is some logical lackings in this proposed all out WAR scenario, when there is a good thing going with the legacy chain that involves consensus evolution that has taken place over about 9 years...
The thinking that you are suggesting assumes a kind of "LET's fucking blow it up" mentality, and just seems a bit irrational to be coming from profit seeking entities, as you seem to be suggesting all is fair in love and war and for some reason these guys are going to be hell bent on destroying systems around which they have been building and making profits and having a lot of investment, too...?
Currently, I have a bit over 80% of my value of bitcoin that is in cold storage. I am thinking that I will keep my remaining 20% on four exchanges. I also have a large portion of my BTC allocated fiat on the same four exchanges....
I am also thinking that in the event that exchanges do not force me to close my outstanding buy and sell orders, I might either cancel some of them or set them for more conservative amounts and maybe spread them out a bit more.
Probably in the very time around the fork and immediately following, it might not be good to trade BTC, at all? but I am not sure... ? It remains unclear how each exchange is going to treat trading and whether there will be some safeguards yet it could merely be profitable to trade BTC during this time, if there is a system in place that allows taking advantage of volatility (whether upwards or downwards) should be part of any BTC trading system and planned approach, no?