Dos And Don’ts In A Bitcoin Hard Fork

Usman Sheikh

Do research on the hard fork and its purpose before making any decisions on how to handle it.

Don’t panic and sell your bitcoins immediately during a hard fork.

Do keep your private keys safe and secure during a hard fork.

Don’t use third-party services to manage your bitcoins during a hard fork.

Do keep your software and wallet up to date during a hard fork.

Don’t use exchanges to store your bitcoins during a hard fork.

Do monitor the prices of the new and old cryptocurrencies after a hard fork.

Don’t make any hasty decisions on which cryptocurrency to keep or sell after a hard fork.

Do understand the risks involved with holding or trading the new cryptocurrency after a hard fork.

Don’t ignore any security warnings during a hard fork.

Do seek advice from experts in the field before making any decisions during a hard fork.