Post
Topic
Board Bitcoin Discussion
Re: [Guide] Surviving the fork, or How to double your bitcoins (or save fiat)
by
keepdoing
on 20/08/2015, 17:00:33 UTC
Assuming I have Bitcoin in Circle and Coinbase (which are basically the big fiat replacement exchanges) and assuming they will adopt XT the second it is clear the move is going to be made (And they will because I have talked to both companies in depth and they fully support XT) - wouldn't it be safest and easiest to just leave my bitcoins in their respective Coinbase and Circle accounts?

And this is assuming a succesful XT fork where you assume XT "wins".  Is there any potential risk anyone see's in this scenario / strategy of just leaving your coins in the exchange wallets?

You will be unable to double your coins and earn money by selling non-XT coins.
OK.... but isn't your entire premise based on the fact that non-XT coins (Core Coins) will somehow be so widely demanded based on the fact that non-XT will ultimately become a new sort of underground Alt-Coin in effect?  I mean - MY PREMISE is based on XT wins.

So maybe I am not understanding - but is this the underlying principle of your position?  That non-XT Bitcoin will be a highly demanded "underground" alternative version to the XT Bitcoin (which is what the masses, and financial institutions will use - because it won?)   And I am not trashing your principle - but it is more of a gambling strategy than an investment /wealth protection strategy.