Wednesday, December 20, 2017

Bitcoin SegWit2X (B2X) futures online @ Yobit.

#Bitcoin #SegWit2X futures are online @ Yobit

I have not had any problems buying/selling/getting my forked cryptocurrencies on that site.
At first I was a little worried about dealing with any exchanges not in the United States, but after a couple months you get comfortable with it.

Just be aware that when fork snapshots occur, trading is usually not halted, but deposits & withdrawals are halted while the snapshot for the fork takes place. This is necessary in order to allocate each portion of cryptocurrency with 100% accuracy to every single person, otherwise you would be aiming at a moving target. Or likely thousands of moving targets.

In order to take advantage of selling off your forked B2X right after the snapshot, you will have had to already deposited your Bitcoin (BTC) before they halt deposits, and your Bitcoin (BTC) deposit must be confirmed, and on the blockchain ahead of time to make sure your BTC balance is in the snapshot.

I am not suggesting anyone do that, that is your own decision. I wouldn't. But if you feel like the risk is good for you, then go right ahead. If you have to think about it, and it worries you, then you obviously already know the answer, and the risk is too high for you.

On the other hand, if you really don't care, and want to gamble a little, maybe you can find a way to make a profit from this. When everyone is freaking out and selling it cheap, buy it. When everyone is freaking out and buying it at ridiculous prices, you sell it.

"Buy the rumor, sell the news." - some smarty-pants

#cryptocurrency #B2X #BTC