Don’t leave us hanging tell us what happened ☕️👀

HOU ·

Don’t leave us hanging tell us what happened ☕️👀

Replies

brockz ·

@HOU it is long winded so I’ll just try and summarise.
Back end of 2016 early 2017 I am hearing rumours of block size issues, basically block size wars.
Goes quiet for a couple of months but the argument resurfaces again in the summer of 2017.
Lots of different arguments were taking place. Mainly congestion of the blocks concerns, the 1MB limit hindering adaptation, hence the argument for increased block sizes. The SegWit argument was in the background and over overshadowed by everything else.
Now I am hearing of hard forks and soft forks; if there’s a hard fork it will split the chain and how will people know which is the genuine Bitcoin and who keeps the ticker BTC.
GPUs and ASICs argument
Arguments over mining as to the continued use of GPUs and how people should, be able to continue mining on their desktop computers in their bedrooms 🤣 was also happening.
BTCers then were against the hard fork and promised they would sell the forks and it was free money (currency) to be made. I fell into the free money (currency) to be made, camp. All you had to do is hold your BTC the exchange supporting either one of the forks.
July near end of summer 2017
The price of BTC had hit $5k by summer had a pullback but was still up in the thousands.
Hard fork happens. I am holding Bitcoin (BTC) and alts Doge, LTC, XRP, XMR, EOS and Theta extra. I am building a portfolio so I can get rich in the near future.

Holding many alts & BTC in different places not a good idea🚨

I am holdings coins all over the place on different wallets like Mycelium, Coinomi, Exodus extra. Some on centralised exchanges Bittrex, Poloniex and Coinbase to name a few. Also, cold storage the Ledger Nano S.

Exchanging alts to get more BTC, then moving it to exchanges supporting the forks.🚨🚨🚨

This is when I run into issues moving BTC from cold storage the Ledger, centralised exchanges and hot wallets. BTC transactions became stuck for hours and days just like that, out of the blue without war…