Quote from: jusplayin on July 28, 2017, 04:42:52 AM

Quote from: krishnapramod on July 28, 2017, 03:28:40 AM

Quote from: jusplayin on July 28, 2017, 02:41:13 AM

I'm using Kraken
How about i move all BTC to fiat currency instead?
And then buy back BTC whenever i feel like it might be going the right direction?

And also, i have a few other coins like ETH, LTC.
Should i convert them all to fiat or only BTC?

What would be your advice

Thank you

A confused contradiction, should I convert my BTC to Fiat or should I convert my alts to BTC, fiat or BTC? Personally I do believe that Bitcoin price will hit $3K once Segwit gets activated, by the last week of August, not an investment advice, just an intuition.

Bitcoin was and is going in the right direction, if temporary hiccups and price fluctuations means wrong direction then you aren't yet ready for Bitcoin. Funds are yours so choice is yours, you can convert BTC to Fiat or alts to Fiat/BTC, and buy back whenever you feel it is going in the right direction.

Thank you for your reply

The reason for me to wanting to move to fiat is that i 'think' that it will swing up and down with all these uncertainties.
So might as well try and sell at a high price and buy in again at a low price.

There are many stories about coinbase and others moving their btc's to offline wallets, but i do think that the split opens up some interesting day trades too.

Since Coinbase does not support BTCC, would Kraken support both? i could not find much about this

Yeah, Kraken supports both.

Quote

On August 1 2017 at 12:20 pm UTC a small community of Bitcoin users is planning a hard fork from Bitcoin to an alternative protocol called Bitcoin Cash (BCH). Bitcoin Cash is expected to be a minority chain, with the vast majority of the Bitcoin community remaining on the chain that activates Segregated Witness.

All Kraken clients holding Bitcoin (XBT) balances at the time of the fork will be credited with an equal amount of Bitcoin Cash (BCH)

http://blog.kraken.com/post/163504189522/bitcoin-cash-and-a-critical-alert-for-bitcoin

Converting to Fiat is a far fetched option, just move your funds from exchanges or online wallets to where you have access to private keys. If not paper or hardware wallets then use desktop wallet like Electrum or Android wallet like Mycelium or breadwallet.

If you have access to private keys then you can have these free coins, Bitcoin Cash by importing your private keys to BCC supported wallet, but by doing so you will be exposing all you Bitcoins associated with that key to the BCC wallet you decide to use.