Topic: Bitcoin fork - new coin? - page 2. (Read 3450 times)
Will there be 3 new chans now (core +2(gold and sw2x) ? why the core is not accepting the 2x upgrade?
You should definetly store your Bitcoins on a wallet which you have full control over.
I would not recommend to use an online wallet. Thats the only way to ensure you will own both coins after the fork.
Once the fork appears there are 2 coins which share the same block history (until "fork-block").
This means for every BTC you own, "you will get" one forked coin (simply by still owning the private key which has value at the time of the fork).
But there is no guarantee for you to get your forked coin from web wallet provider.
Electrum is a nice light weight wallet (does not download full blockchain).
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 would not recommend to use an online wallet. Thats the only way to ensure you will own both coins after the fork.
Once the fork appears there are 2 coins which share the same block history (until "fork-block").
This means for every BTC you own, "you will get" one forked coin (simply by still owning the private key which has value at the time of the fork).
But there is no guarantee for you to get your forked coin from web wallet provider.
Electrum is a nice light weight wallet (does not download full blockchain).
I am new could anyone help?
....
If you want to access fork coins that Coinbase does not support, you need to move your BTC to a wallet of your own before the fork happens. Don't forget to account for confirmation times. A wallet of your own is a wallet like Electrum or Bitcoin Core, ie. a wallet where you have direct access to your own private keys.
After the fork you need to import these private keys (or the recovery seed words) into a wallet that supports Bitcoin Gold or B2X respectively. Using the wallet of the respective Bitcoin fork, you can freely access your coins. However you don't need to "claim" them or access them right away. As long as you have the private keys you can access your forked coins any time in the future.
If you want to access fork coins that Coinbase does not support, you need to move your BTC to a wallet of your own before the fork happens. Don't forget to account for confirmation times. A wallet of your own is a wallet like Electrum or Bitcoin Core, ie. a wallet where you have direct access to your own private keys.
After the fork you need to import these private keys (or the recovery seed words) into a wallet that supports Bitcoin Gold or B2X respectively. Using the wallet of the respective Bitcoin fork, you can freely access your coins. However you don't need to "claim" them or access them right away. As long as you have the private keys you can access your forked coins any time in the future.
This was the answer that I have been looking for! Thanks!!!
If I can just add to that. Make sure you transfer the coins to a wallet, where only YOU have access to the private key and
not a service or online wallet where you share the access to these private keys. I prefer to transfer it to a paper wallet as a
interim measure and once the fork was done, to split whatever is on there to whatever wallet that supports the new
coins. {This gives YOU full control}
Most prefer hard wallets and electrum is the most popular. I doubt Coinbase will credit Bitcoin Gold too. I also have some bitcoins in bittrex and I hope they will credit the fork like what they did before.
Hello all,
I am owning some bitcoins and other alt coins since a while and I have been reading a lot over here in stealth modus, really helpful.
Now there is a fork coming up and I am confused;
As far as I can see a fork is like a share split of a company. Like Pfizer dId with zoetis in the US. The owners of shares in Pfizer also get shares in zoetis for free, right?
I am owning some bitcoins and other alt coins since a while and I have been reading a lot over here in stealth modus, really helpful.
Now there is a fork coming up and I am confused;
As far as I can see a fork is like a share split of a company. Like Pfizer dId with zoetis in the US. The owners of shares in Pfizer also get shares in zoetis for free, right?
If you own BTC at the time of a hardfork, you also own BCH, Bitcoin Gold, B2X, etc on the new fork. For each 1 BTC you get 1 BCH, 1 Bitcoin Gold, 1 B2X, etc.
It's basically like someone created a new bank account for you, mirroring your balance by using your old account statements, but at a new bank and with a new currency.
Now let's say I have my bitcoin stored at coinbase. Do I automatically get the fork shares? Does coinbase support it? Or do I have to put them in a different wallet?
Do I have to claim them?
That is unclear to me. Maybe somebody can help me and probably some others out on this subject?
Do I have to claim them?
That is unclear to me. Maybe somebody can help me and probably some others out on this subject?
Coinbase supporting Bitcoin Gold seems unlikely. So far it looks like Coinbase will support B2X, but I wouldn't bet on it unless they renew their commitment in an official statement.
If you want to access fork coins that Coinbase does not support, you need to move your BTC to a wallet of your own before the fork happens. Don't forget to account for confirmation times. A wallet of your own is a wallet like Electrum or Bitcoin Core, ie. a wallet where you have direct access to your own private keys.
After the fork you need to import these private keys (or the recovery seed words) into a wallet that supports Bitcoin Gold or B2X respectively. Using the wallet of the respective Bitcoin fork, you can freely access your coins. However you don't need to "claim" them or access them right away. As long as you have the private keys you can access your forked coins any time in the future.
many possibilities will happen after hardfork. the good news, for those who have bitcoin will get bitcoin gold in november later. I last night read articles that discuss about what things can be done before and after the occurrence of hardfork. following the link https://bitcoinmagazine.com/articles/bitcoin-beginners-guide-surviving-bgold-and-segwit2x-forks/, hope it helps.
Is there still no word on replay protection from the Bitcoin Gold developers? Now that I think about it, is there even code that is publicly available yet? It seems like they are setting themselves up for failure with the lack of preparedness and publicity. Maybe that's the point -- get everyone sick and tired of these forks, which reinforces the notion that the legacy chain is the true Bitcoin, and that the hard forks are just altcoins. Roger Ver must be pretty worried right now...
Haha, indeed! Roger must be trying to "rally the [non-existent] troops!"
No news and couldn't find any code for BTG either. I hadn't thought about that, they may indeed have done it to emphasize how absurd it is getting, if so, hats off to them! Clever political move.
Yes, there are actually 2 forks happening within the next month. Bitcoin Gold (BTG) should happen sometime next week and Bitcoin Segwit2x (B2X) should happen around mid-November.
All you have to do is make sure that you have your bitcoins in a wallet where you have access to your private keys at the time of those 2 forks, with a warning.
The warning is that you should be careful about moving your coins around the time of the fork, as they could lead to the other coins (BTG & B2X) being moved as well (you can imagine the coins as initially being "stuck together").
You should wait for news and announcements by the devs, stating that the chains are all stable, before moving your coins.
All you have to do is make sure that you have your bitcoins in a wallet where you have access to your private keys at the time of those 2 forks, with a warning.
The warning is that you should be careful about moving your coins around the time of the fork, as they could lead to the other coins (BTG & B2X) being moved as well (you can imagine the coins as initially being "stuck together").
You should wait for news and announcements by the devs, stating that the chains are all stable, before moving your coins.
Is there still no word on replay protection from the Bitcoin Gold developers? Now that I think about it, is there even code that is publicly available yet? It seems like they are setting themselves up for failure with the lack of preparedness and publicity. Maybe that's the point -- get everyone sick and tired of these forks, which reinforces the notion that the legacy chain is the true Bitcoin, and that the hard forks are just altcoins. Roger Ver must be pretty worried right now...
Hello all,
I am owning some bitcoins and other alt coins since a while and I have been reading a lot over here in stealth modus, really helpful.
Now there is a fork coming up and I am confused;
As far as I can see a fork is like a share split of a company. Like Pfizer dId with zoetis in the US. The owners of shares in Pfizer also get shares in zoetis for free, right?
Now let's say I have my bitcoin stored at coinbase. Do I automatically get the fork shares? Does coinbase support it? Or do I have to put them in a different wallet?
Do I have to claim them?
That is unclear to me. Maybe somebody can help me and probably some others out on this subject?
I am owning some bitcoins and other alt coins since a while and I have been reading a lot over here in stealth modus, really helpful.
Now there is a fork coming up and I am confused;
As far as I can see a fork is like a share split of a company. Like Pfizer dId with zoetis in the US. The owners of shares in Pfizer also get shares in zoetis for free, right?
Now let's say I have my bitcoin stored at coinbase. Do I automatically get the fork shares? Does coinbase support it? Or do I have to put them in a different wallet?
Do I have to claim them?
That is unclear to me. Maybe somebody can help me and probably some others out on this subject?
Yes, there are actually 2 forks happening within the next month. Bitcoin Gold (BTG) should happen sometime next week and Bitcoin Segwit2x (B2X) should happen around mid-November.
All you have to do is make sure that you have your bitcoins in a wallet where you have access to your private keys at the time of those 2 forks, with a warning.
The warning is that you should be careful about moving your coins around the time of the fork, as they could lead to the other coins (BTG & B2X) being moved as well (you can imagine the coins as initially being "stuck together").
You should wait for news and announcements by the devs, stating that the chains are all stable, before moving your coins.
Yes Bitcoin Gold. is another hard fork that will bring some changes to the ecosystem.
If you’re a holder, there isn’t that much to fear here, and there may be some free money in it for you
If you’re a holder, there isn’t that much to fear here, and there may be some free money in it for you
Exactly, this is only thing that Bitcoin gold will represent, extra free money. To my opinion in cryptocurrencies system if will not have any significant influence or value, especialy not on long term, just like Bitcoin cash.
So, there is nothing to fear about and it will not represent any competition for Bitcoin just pay attention where you store your coins.
Yes Bitcoin Gold. is another hard fork that will bring some changes to the ecosystem.
If you’re a holder, there isn’t that much to fear here, and there may be some free money in it for you
If you’re a holder, there isn’t that much to fear here, and there may be some free money in it for you
Fork may happen every now and then right. but prices are independent.
Bitcoin gold is waiting too, that bitcoin cash ...
Is that the miners will support for a while, until the complexity will fly to the moon.
Is that the miners will support for a while, until the complexity will fly to the moon.
It's bet to man up and get your node running. All these forks are forks of Bitcoin Core, so if you run a Bitcoin Core node, you will have instantly access to your coins by copy-pasting the blockchain files, you will just need to wait for the blockchain files to be validated which can be a pain in the ass depending on the power of your computer, but I think a day or two max.
Running a full node is ideal for receiving payments. But what you're saying here doesn't add up. Electrum users can simply export the private key to any keys that controlled BTC before the fork.
If there's replay protection, they can simply move their legacy coins first, then export the "empty" private keys into a Bitcoin Gold wallet (or whichever fork). If there's no replay protection, it's best to wait a while after the fork to make any transactions, until it's very clear how to safely split your coins, but I see no reason why a Core wallet is necessary to do so. Technically, one can split coins via nLocktime + RBF in Electrum, although it is not ideal for beginners, as you need command line and nLocktime isn't covered in Electrum's command line documentation.
Agree with you. Electrum is the best and safety app.. I use it too.
I'm interested how much will be cost Bitcoin Gold after fork?
I think that price will be Bitcoin Gold = 1/2 of Bitcoin.
You should definetly store your Bitcoins on a wallet which you have full control over.
I would not recommend to use an online wallet. Thats the only way to ensure you will own both coins after the fork.
Once the fork appears there are 2 coins which share the same block history (until "fork-block").
This means for every BTC you own, "you will get" one forked coin (simply by still owning the private key which has value at the time of the fork).
But there is no guarantee for you to get your forked coin from web wallet provider.
Electrum is a nice light weight wallet (does not download full blockchain).
I would not recommend to use an online wallet. Thats the only way to ensure you will own both coins after the fork.
Once the fork appears there are 2 coins which share the same block history (until "fork-block").
This means for every BTC you own, "you will get" one forked coin (simply by still owning the private key which has value at the time of the fork).
But there is no guarantee for you to get your forked coin from web wallet provider.
Electrum is a nice light weight wallet (does not download full blockchain).
....
If you want to access fork coins that Coinbase does not support, you need to move your BTC to a wallet of your own before the fork happens. Don't forget to account for confirmation times. A wallet of your own is a wallet like Electrum or Bitcoin Core, ie. a wallet where you have direct access to your own private keys.
After the fork you need to import these private keys (or the recovery seed words) into a wallet that supports Bitcoin Gold or B2X respectively. Using the wallet of the respective Bitcoin fork, you can freely access your coins. However you don't need to "claim" them or access them right away. As long as you have the private keys you can access your forked coins any time in the future.
If you want to access fork coins that Coinbase does not support, you need to move your BTC to a wallet of your own before the fork happens. Don't forget to account for confirmation times. A wallet of your own is a wallet like Electrum or Bitcoin Core, ie. a wallet where you have direct access to your own private keys.
After the fork you need to import these private keys (or the recovery seed words) into a wallet that supports Bitcoin Gold or B2X respectively. Using the wallet of the respective Bitcoin fork, you can freely access your coins. However you don't need to "claim" them or access them right away. As long as you have the private keys you can access your forked coins any time in the future.
This was the answer that I have been looking for! Thanks!!!
bitcoin and the fork from other virtual currencies also start circulating in the virtual world. In my opinion, even if bitcoin is in the middle of the fork due to other virtual currencies, the bitcoin still holds its value. If consumers know how to take advantage of bitcoin, bitcoin is still the top choice. until this moment
It's bet to man up and get your node running. All these forks are forks of Bitcoin Core, so if you run a Bitcoin Core node, you will have instantly access to your coins by copy-pasting the blockchain files, you will just need to wait for the blockchain files to be validated which can be a pain in the ass depending on the power of your computer, but I think a day or two max.
Running a full node is ideal for receiving payments. But what you're saying here doesn't add up. Electrum users can simply export the private key to any keys that controlled BTC before the fork.
If there's replay protection, they can simply move their legacy coins first, then export the "empty" private keys into a Bitcoin Gold wallet (or whichever fork). If there's no replay protection, it's best to wait a while after the fork to make any transactions, until it's very clear how to safely split your coins, but I see no reason why a Core wallet is necessary to do so. Technically, one can split coins via nLocktime + RBF in Electrum, although it is not ideal for beginners, as you need command line and nLocktime isn't covered in Electrum's command line documentation.
With an Electrum wallet which is an SPV wallet basically, you are trusting whatever the servers want to do for you. I don't see how they are safe to be honest, never liked the idea of SPV wallets. It's better than some exchange or blockchain.info garbage tho.
If you would really want to access your bitcoin gold right after the fork has happened, you should move your coins from coinbase to a wallet like electrum (you own the private keys of this wallet). If you're using Coinbase this is NOT the case. You will only receive your bitcoin gold if coinbase decides to and only when they release them. I believe coinbase still hasn't released the bitcoin cash from the previous fork.
If you go the Electrum route, you may stumble upon a period where you cannot access the coins because there is still no software for Bitcoin Gold Electrum equivalent, so you will not be able to export your seed.
Similarly, users that went the Electrum route with BCash had to wait for Electron Cash, and I still wouldn't trust that program.
It's bet to man up and get your node running. All these forks are forks of Bitcoin Core, so if you run a Bitcoin Core node, you will have instantly access to your coins by copy-pasting the blockchain files, you will just need to wait for the blockchain files to be validated which can be a pain in the ass depending on the power of your computer, but I think a day or two max.
You should stop worrying about this. First control your private keys. Then after the fork happens, you can simply choose whatever exchange is supporting the forked coin at that particular time.
Such good ideas here shared by hero members regarding the upcoming fork.
Thanks for that!
Thanks for that!
Bitcoin Gold is looking like it will be DOA. Its an utter mess.
Hope so it does not go in those mess. better it have some good value after the event so that people who will be getting those free coins will have some worth and can act as a extra income. I do expect some positive result from this fork for both the coins.
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