Topic: Bitcoin fork - new coin? (Read 3434 times)
I hope you have gotten your answers from all the comment...........forking can be a blessing in disguise for most people.
Well it is a good thing that hitbtc was able to support bitcoin gold and will be giving out all participants with the bitcoin gold they have accumulated. It is suprising that the price of Bitcoin gold is very high now. Hopefully I can manage to invest on this one.
I need to move some BTC around the 1st or 2nd.
Is there a decent guide to split my coins as fast and safely as possible? Is there a particular wallet that is gonna be best for this process?
You can keep your coins in a wallet which supports the BTG and has the ability to export the private key. If you have the private key to your wallet you will be eligible to claim the free coins after the fork. You can also keep your coins on exchanges like Bittrex and Yobit as they are supporting the BTG fork and they will be giving equivalent amount of BTG to BTC holders. I would strongly recommend you to move your coins to Bittrex as it is safer than other options and you will be able to trade the BTG as soon as you get it. This will give you an advantage to make quick decisions whether to sell or not while others will be still waiting for their coins to arrive.Is there a decent guide to split my coins as fast and safely as possible? Is there a particular wallet that is gonna be best for this process?
I'm not sure it's advisable to keep all your coins on Bittrex just to take advantage of the BTG fork. And since this is being done as a snapshot with a public launch days later, you may not gain that much of a time advantage by keeping coins there, either. From the look of things, BTG will be worth even less than BCH, so I'll take my time and keep my coins secure in my full node wallet and cold storage.
I'm not willing to risk any money to this exchange just to sell a bit earlier. Bittrex has actually been acting pretty shady lately with lots of unexplained account disablements, so I'd steer clear of there myself. Hopefully Changelly or Shapeshift will support BTG so we can quickly dump it back into our BTC wallets.
yeah, agree with this. im not also risking any of my hard earned bitcoins to any exchange or wallets that supports btg fork yet ill withdrew my coins before the said fork will begin on the first or second week of november but all of us has their own decisions regarding to the snapshot/airdrop , although most people are still hoadrding thier coins and buying much as possible to get the equivalent btg on thier wallets but i guess btg's value will be lesser than bch.
Electrum is a nice light weight wallet (does not download full blockchain).
Thanks for the suggestion, I've been looking for feedback on this wallet!
are my bitcoins safe , i have them in coinbase and faucethub
also i made private key when bitcorn fork happned last time ( july , august)
so should i redeem or bitcoins are safe in private key
also i made private key when bitcorn fork happned last time ( july , august)
so should i redeem or bitcoins are safe in private key
If your coins are in Coinbase and Faucethub, they are not safe, but this has nothing to do with the fork. They aren't safe because you don't control the private keys, and are trusting third parties to hold your money.
However, in regards to the fork, Coinbase said this:
Quote
The Bitcoin Gold fork is projected to take place on October 23rd. Information about this fork has been limited and there are concerns about its security and stability. As a result, we do not believe it is safe to allow support for Bitcoin Gold at this time. If the blockchain proves to be secure and valuable, Coinbase may choose to support it. At that point, your account will be credited with an amount of Bitcoin Gold equal to your Bitcoin (BTC) balance at the time of the fork.
They still haven't credited peoples' Bitcoin Cash from the August fork, and they are leaving the Bitcoin Gold question up to their discretion. So if you are interested in receiving BTG, you should hold your BTC in a wallet you control (like Core or Electrum). Not Coinbase. That way, you can recover the BTG immediately when the chain is launched.
i have few question about this fork , more i read here more confused i get
so plz answer this
are my bitcoins safe , i have them in coinbase and faucethub
also i made private key when bitcorn fork happned last time ( july , august)
so should i redeem or bitcoins are safe in private key
so plz answer this
are my bitcoins safe , i have them in coinbase and faucethub
also i made private key when bitcorn fork happned last time ( july , august)
so should i redeem or bitcoins are safe in private key
bitcoin gold is a project of pure water divorce!
you should better keep your btc on the safe wallet devoted specially for it
You should move all your altcoins to bitcoin on OT before 25th October 2017 in other to be able to get free coins that will come out of the splitting. I have also gotting all my coins converted to bitcoin since the day before yesterday. I got some free coins when I lived my bitcoin in poloniex and blockchain.info during the last hardfork in August this year. Coinbase though may not support bitcoin gold for you to get your own share of the splitting coin but there are offline wallet that you can download them and transfer your bitcoin into and after the splitting you will get free coins. I do believe https://trezor.io are going to support bitcoin gold.
Why would anyone be worried about the masses adopting an obscure coin (the bitcoin fork), we have already seen that situation unfold with alt coins
Does anybody know when the next forks will happen? I am asking if somebody know any specific dates and times when these will occur? I would like to know more about these forks. Anybody knows?
There was a guide that was written here a few months ago on how to claim secondary coins from a split. Look for the tutorial for the BCH one as it will mostly be the same process as Bitcoin Gold. For wallets, I prefer using Electrum since it is light, but if you can run Core then it is better.
Regarding the tutorial, you can check this link out.
Regarding the tutorial, you can check this link out.
You can keep your coins in a wallet which supports the BTG and has the ability to export the private key. If you have the private key to your wallet you will be eligible to claim the free coins after the fork. You can also keep your coins on exchanges like Bittrex and Yobit as they are supporting the BTG fork and they will be giving equivalent amount of BTG to BTC holders. I would strongly recommend you to move your coins to Bittrex as it is safer than other options and you will be able to trade the BTG as soon as you get it. This will give you an advantage to make quick decisions whether to sell or not while others will be still waiting for their coins to arrive.
Thanks so much. Looks like both will workable options.
bitcoin is king, all the rest are soldiers 
I need to move some BTC around the 1st or 2nd.
Is there a decent guide to split my coins as fast and safely as possible? Is there a particular wallet that is gonna be best for this process?
You can keep your coins in a wallet which supports the BTG and has the ability to export the private key. If you have the private key to your wallet you will be eligible to claim the free coins after the fork. You can also keep your coins on exchanges like Bittrex and Yobit as they are supporting the BTG fork and they will be giving equivalent amount of BTG to BTC holders. I would strongly recommend you to move your coins to Bittrex as it is safer than other options and you will be able to trade the BTG as soon as you get it. This will give you an advantage to make quick decisions whether to sell or not while others will be still waiting for their coins to arrive.Is there a decent guide to split my coins as fast and safely as possible? Is there a particular wallet that is gonna be best for this process?
I'm not sure it's advisable to keep all your coins on Bittrex just to take advantage of the BTG fork. And since this is being done as a snapshot with a public launch days later, you may not gain that much of a time advantage by keeping coins there, either. From the look of things, BTG will be worth even less than BCH, so I'll take my time and keep my coins secure in my full node wallet and cold storage.
I'm not willing to risk any money to this exchange just to sell a bit earlier. Bittrex has actually been acting pretty shady lately with lots of unexplained account disablements, so I'd steer clear of there myself. Hopefully Changelly or Shapeshift will support BTG so we can quickly dump it back into our BTC wallets.
I need to move some BTC around the 1st or 2nd.
Is there a decent guide to split my coins as fast and safely as possible? Is there a particular wallet that is gonna be best for this process?
You can keep your coins in a wallet which supports the BTG and has the ability to export the private key. If you have the private key to your wallet you will be eligible to claim the free coins after the fork. You can also keep your coins on exchanges like Bittrex and Yobit as they are supporting the BTG fork and they will be giving equivalent amount of BTG to BTC holders. I would strongly recommend you to move your coins to Bittrex as it is safer than other options and you will be able to trade the BTG as soon as you get it. This will give you an advantage to make quick decisions whether to sell or not while others will be still waiting for their coins to arrive. Is there a decent guide to split my coins as fast and safely as possible? Is there a particular wallet that is gonna be best for this process?
I need to move some BTC around the 1st or 2nd.
Is there a decent guide to split my coins as fast and safely as possible? Is there a particular wallet that is gonna be best for this process?
Is there a decent guide to split my coins as fast and safely as possible? Is there a particular wallet that is gonna be best for this process?
There was a guide that was written here a few months ago on how to claim secondary coins from a split. Look for the tutorial for the BCH one as it will mostly be the same process as Bitcoin Gold. For wallets, I prefer using Electrum since it is light, but if you can run Core then it is better.
Regarding the tutorial, you can check this link out.
I need to move some BTC around the 1st or 2nd.
Is there a decent guide to split my coins as fast and safely as possible? Is there a particular wallet that is gonna be best for this process?
Is there a decent guide to split my coins as fast and safely as possible? Is there a particular wallet that is gonna be best for this process?
Will there be 3 new chans now (core +2(gold and sw2x) ? why the core is not accepting the 2x upgrade?
Because there is no consensus behind this "upgrade." Much of the user base does not appear to view it as an "upgrade" at all, but rather as an attack and form of coercion brought by industrial miners and VC-backed corporations. I think that there are developers within Core who are open to future block size increases, but not at the cost of ignoring the user base. And certainly not on a timeline of 2-3 months. That's crazy. Most people probably don't regularly upgrade their node software, so how can anyone expect to coordinate a fork on this timeline?
The Gold hard fork is not coordinated with miners (it changes the POW), so it's really of no concern. It's just (yet) another altcoin. If it goes somewhere, maybe we'll get some free BTC out of it.
You should never be storing your coins on a online wallet / exchange.
There is no guarantee coinbase is going to pay you those BTG out.
Coinbase has the control over your private keys (the real bitcoins). You only have an account on their website which gives you "the right" to send coins.
In case of a fork coinbase is in charge of the BTG coins. They may give them to you.. or they dont.
I would recommend to download a wallet for your PC (you can download a light weight wallet e.g. electrum)
Yes, those are all your addresses.
Electrum generates a new address for every transaction (for privacy reasons).
Those are all addresses which you are in control of.
There is no guarantee coinbase is going to pay you those BTG out.
Coinbase has the control over your private keys (the real bitcoins). You only have an account on their website which gives you "the right" to send coins.
In case of a fork coinbase is in charge of the BTG coins. They may give them to you.. or they dont.
I would recommend to download a wallet for your PC (you can download a light weight wallet e.g. electrum)
Today I downloaded electrum wallet,but i am confused there is a address tab and i can see there are many address listed there,Those are my address?or this wallet changes address every time i want to receive bitcoins.I have made 2fa verification on there does that cost me extra money if so how much it will be,
I am new could anyone help?
I am new could anyone help?
Yes, those are all your addresses.
Electrum generates a new address for every transaction (for privacy reasons).
Those are all addresses which you are in control of.
Yes everybody are thinking a lot on Hardfork, during the hardfork of bitcoin cash even i was scared whether hardfork will ruin my bitcoin balance, actually i was unaware of that. But after learning from this forum threads i got to know how it is working. Bitcoin holder during the hardfork will get the bonus stake of bitcoin gold, B2X etc. I don't know coinbase have committed about this on thier site or any email letter. but yes i will wait for strong confirmation message from the exchanges. I am also looking for the message's from Bittrex exchange and few other Bitcoin related news site's and blogs.
Jump to: