Binance Exchange Will Support The Fork http://ift.tt/2DqkZow HitBTC for Selling Your Segwit2X Futures http://ift.tt/2p9VxR7 Hey guys, in two days on December 28th 2017 Bitcoin is going to have another hardfork. The second comming of Segwit2X. If you remember a while back we were going to have the Segwit2X fork and at the last minute it was called off. They are going to do it again. Currently Segwit2X futures are trading on HitBTC for $590 at the time of me making this video. If you don't think Segwit2X will have support, if you feel people will dump the coins, or if you feel the value will go down after it's released you can send your Bitcoins over to HitBTC and sell your futures before it even goes live. I imagine most people are probably not interested in doing that so the next thing I wanted to discuss is how to make sure you get your Segwit2X coins because I know everyone loves their "free money". Just an aside, when people say free money, there is no free money after a fork. What you get for free is an altcoin, almost like an airdrop, though forks are different but in a way same concept. The market then determines if said coin has value and if it does that is how in a sense you get "free money". If you want to make sure you get your Segwit2X coins you need to either use a wallet in which you control your private keys like a Hardware wallet like a Trezor or Ledger or even a wallet like Electrum. For new users the process of claiming your coins can be a bit complicated so if you want the process made easier and if you want to potentially be able to sell your coins immediately after the fork the better move may be to move them onto an exchange which supports segwit2X and which has said they will give out the coins. To date Coinbase/GDAX has not said this. While I don't have a list of all exchanges which will split your coins for you Binance does have a statement on their website stating they will support all Bitcoin hardforks so you can send your Bitcoin over to Binance, let them sit there, at the time of the fork a snapshot will be taken and you'll keep your origional Bitcoins and will also be given the forked Segwit2X coins. Most likely Binance will trade the coin, however worst case scenario even if they don't trade the coin they will split it for you and then you can send it to either your own wallet or another exchange which will trade it, however Binance is a great exchange and I imagine if anyone will be trading Segwit2X it will be them. In this video we also go on to talk about the current state of Bitcoin with slow and expensive transactions. . Jackson Palmer, the creator of Dogecoin who typically makes a lot of Youtube videos has been away for a while traveling,however he's back and made a video talking about the current state of Bitcoin. You can watch the video below... https://www.youtube.com/watch?v=Bj4TeLiLoWg He's a little critical of Bitcoin in the sense that it's not what it started off to be which is both a currency and a payment platform, it's actually terrible at both of these things and he says now people are clinging to this idea that Bitcoin is a "store of value" which I myself have said. Don't get me wrong, there is value in a store of value and that does give value to Bitcoin as well as having the first mover advantage and the name recognition but at the end of the day Bitcoin isn't what it started off as, a currency and payment platform, transacting on Bitcoin has become essentially unusable and as long as that's the case it's hard to make an argument that Bitcoin deserves to have a value of $50,000 or $100,000. I think the one good thing that will come out of Bitcoin Cash and Segwit2X, hopefully, is that it puts some pressure on the Bitcoin Core deveopers to take this seriously and fix things sooner rather than later.
Binance Exchange Will Support The Fork http://ift.tt/2DqkZow HitBTC for Selling Your Segwit2X Futures http://ift.tt/2p9VxR7 Hey guys, in two days on December 28th 2017 Bitcoin is going to have another hardfork. The second comming of Segwit2X. If you remember a while back we were going to have the Segwit2X fork and at the last minute it was called off. They are going to do it again. Currently Segwit2X futures are trading on HitBTC for $590 at the time of me making this video. If you don't think Segwit2X will have support, if you feel people will dump the coins, or if you feel the value will go down after it's released you can send your Bitcoins over to HitBTC and sell your futures before it even goes live. I imagine most people are probably not interested in doing that so the next thing I wanted to discuss is how to make sure you get your Segwit2X coins because I know everyone loves their "free money". Just an aside, when people say free money, there is no free money after a fork. What you get for free is an altcoin, almost like an airdrop, though forks are different but in a way same concept. The market then determines if said coin has value and if it does that is how in a sense you get "free money". If you want to make sure you get your Segwit2X coins you need to either use a wallet in which you control your private keys like a Hardware wallet like a Trezor or Ledger or even a wallet like Electrum. For new users the process of claiming your coins can be a bit complicated so if you want the process made easier and if you want to potentially be able to sell your coins immediately after the fork the better move may be to move them onto an exchange which supports segwit2X and which has said they will give out the coins. To date Coinbase/GDAX has not said this. While I don't have a list of all exchanges which will split your coins for you Binance does have a statement on their website stating they will support all Bitcoin hardforks so you can send your Bitcoin over to Binance, let them sit there, at the time of the fork a snapshot will be taken and you'll keep your origional Bitcoins and will also be given the forked Segwit2X coins. Most likely Binance will trade the coin, however worst case scenario even if they don't trade the coin they will split it for you and then you can send it to either your own wallet or another exchange which will trade it, however Binance is a great exchange and I imagine if anyone will be trading Segwit2X it will be them. In this video we also go on to talk about the current state of Bitcoin with slow and expensive transactions. . Jackson Palmer, the creator of Dogecoin who typically makes a lot of Youtube videos has been away for a while traveling,however he's back and made a video talking about the current state of Bitcoin. You can watch the video below... https://www.youtube.com/watch?v=Bj4TeLiLoWg He's a little critical of Bitcoin in the sense that it's not what it started off to be which is both a currency and a payment platform, it's actually terrible at both of these things and he says now people are clinging to this idea that Bitcoin is a "store of value" which I myself have said. Don't get me wrong, there is value in a store of value and that does give value to Bitcoin as well as having the first mover advantage and the name recognition but at the end of the day Bitcoin isn't what it started off as, a currency and payment platform, transacting on Bitcoin has become essentially unusable and as long as that's the case it's hard to make an argument that Bitcoin deserves to have a value of $50,000 or $100,000. I think the one good thing that will come out of Bitcoin Cash and Segwit2X, hopefully, is that it puts some pressure on the Bitcoin Core deveopers to take this seriously and fix things sooner rather than later.