No need for ALL this FUD on steemit ♨ @trevonjb BTC held in Exodus wallet is only protection necessary to assure post fork potential coins added to BTC held in wallet. Founder recently made video explanation, TY @boxmining for providing this interview. It s the ruthless exchanges that can't be trusted to provide post fork coin to BTC held on exchange wallet which btw they also so hold the master key as granted users who transferred BTC there. NOTE: Because Exodus can be trusted to do right for their users doesn't mean assurance for competition products. 2nd point which needs to be understood, Post Fork just like a post split stock DOESN'T create FREE coin out of thin air(Ether?) In stock split scenario if a $2400 Stock BTC Inc spilts, then result = 2 shares or coins worth $1200 each ( Nothing of created FREE created, it is done simply because human psychology such that easier to pay $1200 than $2400 so mkt incentive to create BULLishness) Of course Crypto Coins differ, but let me just make up numbers to revisit the ETH/ETC scenario of which BTC fork would most likely resemble. PreFork ETH=200 post fork (or split) 1 ETH worth 185 and 1 ETC worth 15 thus 2 Coins equal same as one coin did before. Back to BTC, one should expect to reduce value of BTC by any post fork value remaining, with result equaling same value as before fork coin addition. Hope this helps some understand and this explanation describes REAL RISK from U (Uncertainty if holding BTC in exchange wallets where they actually hold master key. They'll Keep potential NEW COIN while the BTC value reduces by whatever new coin is worth, resulting in LOSS of value (sometimes called THEFT? Beg My Pard!) Anyway this whole viaBTC is becoming a JOKE as miners who strong-armed this (also support increased block size to 2mb, really don't want to underMINE their own interests! Starting to look like Bitmain a major Chinese mining component and rig manufacturer behind entire push so as to salvage used equipment values or who knows? but support for Soft Fork (which is FAKE because actually hard fork) waning as fast as they created their Bitcoin Cash in first place. Bitmain is the majority owner of viaBTC btw, so there's that too? Still very high probability that the whole post fork split idea will be flushed! Chinese euphoria has turned to circling the drain. Only time will tell? Give me some steemit LOVE people ♨ stay calm, Eyes Open but NO FEAR! Freezing trading in BTC next few days is a GOOD thing.
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The first thing I thought of when hearing about this was that the exchange rate for BTC would plummet. I'm amazed that yours is the first comment I've seen in this thread expressing the same idea.
Everyone else seems to be too busy kissing Trevon's arse in the hope he'll throw them some crumbs to see what should be obvious.
True, it was holding very nicely after recovery from flash crash 9 days ago, and rallied strong, so my gut tells me probably ripe for SELL the news type of events when post fork and everything considered normal??? Same for steem possibly? I had bought that when crash low, for different reasons and still want more too, but I watched $27K BTC 10 coins used to buy steem WAY higher like 40-45% higher than it is now so the logic in HOPE it goes back down to 81 cents(I paid 8-9 days ago) just makes NO sense to me? Good luck! and better to keep your steem for counting your steem than to steem it away for chance at less steem than you had to begin with...) ♨