Bitcoin gold fork - page 3. | Bitcointalksearch.org

Hui8

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Quote from: yhingsy on October 04, 2017, 08:57:13 AM

Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

Thanks for any advice.

Quote

(I might be new, but I'm not stupid enough to send my coin to you ;-)

I laughed at this sentence when I read it. Lols. Don't worry nobody is going steal your money here, this is trusted forum ever and people are here to help. :-)

Speaking about the hard fork I'm sure that everyone will have the goodies for keeping the bitcoin in their bitcoin wallet. With my last experience I'm sure we have to keep the bitcoin into wallet for which we hold the private keys. For example, electrum, bitcoin core etc, these are the bestest wallet to face the fork. So all the best holding money over there.

emberbekas

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Bitcoin will split again? This means another free money for bitcoin holders. This for sure a great opportunity for us. We can start buy more bitcoin and hold it on our own wallet till the fork happened.

jossiel

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Quote from: yhingsy on October 04, 2017, 08:57:13 AM

Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?

Yes, as long as the wallet you have your bitcoins will support bitcoin or better put it on a wallet that contains your private keys so that you will not have any troubles at all.

Quote from: yhingsy on October 04, 2017, 08:57:13 AM

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

As stated above, use those wallets that has your private keys and just like the same what happened with the hard fork during bitcoin cash.

For more info about Bitcoin Gold a.k.a Bitcoin GPU try to read it here -- https://bitcointalksearch.org/topic/ann-bitcoingpu-btcgpu-forked-spinoff-new-pow-adjusting-size-cap-segwit-2133536

d5000

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Quote from: btcwish1 on October 04, 2017, 11:02:25 AM

Can you please advise which online wallets are considered as private and will be illegible for Fork? I have payeer, coinbase, cryptopay and exodus. Thanks

Coinbase, Cryptopay and very probably Payeer are not "proper" wallets. "Your" Bitcoins there are controlled by a third party. Exodus seems to give you a proper private key, but I never used it so I don't know how to download the key.

If you don't want to download a wallet like Electrum you can transfer your BTC to one of these online wallets (according to https://bitcoin.org/en/wallets/web/, look there for more information!):

- Green Address
- BitGo
- BTC.com
- Coin.Space

Quote from: bitcoinfactory on October 04, 2017, 11:14:41 AM

Hey I'm in the same boat as OP here, I'm currently using a blockchain.info wallet.
- Is this a proper wallet?

Blockchain.info: Yes, you can use it because they give you the private keys of all addresses. You however will have to convert them, probably, into the format used by the Bitcoin Gold wallet.

Quote

- Will i just receive the btc straight into there and i don't have to do anything?
- IF NOT, would it go straight into a paper wallet?

You would most likely have to download a "real" client (=a dedicated software app) from the "Bitcoin Gold" team and import the private key you exported from your wallet (e.g. Blockchain.info or Exodus) into this application. Then you could use the private keys.

You can do that when you want - there is no "deadline" or something similar, because your private key will be valid on both chains, BTC and BTC Gold.

mobnepal

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Quote from: yhingsy on October 04, 2017, 08:57:13 AM

Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

Thanks for any advice.

Yes you will get coin equal to any amount of bitcoin you will have in your bitcoin address.

Lots of exchange platform might support the forked coin just after the split if it will have enough community support or demand. Bittrex for example enabled bitcoin cash trading just after few days of fork on last august.

However it is advised to save bitcoin in paper wallet so that you can import that bitcoin address in any wallet that will support forked coin in future. You can than move those forked coins you will receive after split.

Hero_Slayer

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This is so confusing..

bitcoinfactory

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Hey I'm in the same boat as OP here, I'm currently using a blockchain.info wallet.

- Is this a proper wallet?
- Will i just receive the btc straight into there and i don't have to do anything?
- IF NOT, would it go straight into a paper wallet?

Thanks guys

btcwish1

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Quote from: javalemcgee on October 04, 2017, 10:56:22 AM

Quote from: yhingsy on October 04, 2017, 08:57:13 AM

Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

Thanks for any advice.

The ratio will be 1:1 and you will receive your forked bitcoincs without doing anything. The process will be automatic and you'll be given the new ones automatically. You have to make sure that you have them in a private wallet. Not the exchange ones, they can make problems to you.

Hi,

Can you please advise which online wallets are considered as private and will be illegible for Fork? I have payeer, coinbase, cryptopay and exodus. Thanks

aoluain

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well fork it anyway, so this is a pointless fork?
lets fork the day after also, actually lets have a fork every week for fork sake

javalemcgee

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Quote from: yhingsy on October 04, 2017, 08:57:13 AM

Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

Thanks for any advice.

The ratio will be 1:1 and you will receive your forked bitcoincs without doing anything. The process will be automatic and you'll be given the new ones automatically. You have to make sure that you have them in a private wallet. Not the exchange ones, they can make problems to you.

Halcyon Days

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Hello yhingsy,

yes, this is correct, this happens everytime BTC gets a hard fork.

Currently there is already a discussion about BTC gold in this thread, if you want to get more information: https://bitcointalksearch.org/topic/another-hard-fork-coming-in-october-new-bitcoin-name-is-bitcoin-gold-2211693

Singwala

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Yes, your understanding is correct. You will receive BTG (Bitcoin Gold) if you are holding BTC (bitcoins) and it is 1: 1 meaning how many of you are holding bitcoin today. You will also receive BTG. And it's free and you have nothing else to do without just waiting. And you will receive it if you hold your privatekeys. We do not know what will happen at times when Hard Fork is moving. it may also affect our bitcoins.

shimbark123

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I heard about this, that bitcoin will be fork again for the second time. And this time the name of the forked bitcoin is bitcoin gold. Well it is a free money so come and get that one. Just store your coins in exchangers when they announced it.

Sskapollo7

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Hope this thing comes to us after all our hard work against it should not disseminate although extra BTC will do !

Thanks Wink

Andre_Goldman

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Property1of1OU

I hope somebody will come with the idea to sell "wedding rings" with minikeys engraved inside ...

"I said YES" (block.nVersion = 1) LoL

btcwish1

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[quote autho :Dr=djangocoin link=topic=2236518.msg22555927#msg22555927 date=1507126531]
So long as you hold your coins (your wallet), and they are not on an exchange you'll hold the coins for both chains.

Best to not keep them on the exchange as you may only get the coins the exchange supports.
[/quote]

Is coinbase an exchange? what about exodus? so which online wallet is not an exchange? i am new in bitcoin sorry Grin

vandvl

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i am waiting to if what happen after the hard fork if i have received again an extra btg like tha last fork or nothing happen...

Jating

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Quote from: chip211 on October 04, 2017, 09:55:17 AM

Quote from: YuginKadoya on October 04, 2017, 09:23:00 AM

Quote from: willmunte on October 04, 2017, 09:08:27 AM

Quote from: yhingsy on October 04, 2017, 08:57:13 AM

Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

Thanks for any advice.

A lot of people expect this to happen because they can get extra BTC and I'm waiting for that to happen.

Not Extra BTC, but another dividend or Altcoin in circulation and I think you will receive a free Altcoins or BTG that you can surely trade prior to it's legalization and BTG is the first real Bitcoin dividend-coin because unlike Bcash and Segwit2X, BTG is friendly to Bitcoin they surely inform uninformed investor that it is another Altcoin in succession not like Bitcoin Cash or segwit2x that claiming the bitcoin name.

I really do not like this even though I can get another BTC in another form, but it would have a big impact on the BTC that could be a negative and that made me nervous.
It can be said that it is trying to eat according to the successor to create value for themselves. The abuse of hard fork makes the crypto market so dilute.

Of course we don't like it because it will just create another altcoin and somewhat investors has the tendency to stay away from the market until everything is settled down. That's why we might see another reduction in price of bitcoin when the looming November hard fork happened. Yes, it will be another trying times for us. We just need to be patience and relax until the storm has calm. I don't know the abuse though, they maybe doing it intentionally.

djangocoin

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Brave New World

So long as you hold your coins (your wallet), and they are not on an exchange you'll hold the coins for both chains.

Best to not keep them on the exchange as you may only get the coins the exchange supports.

btcwish1

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Good information. But after the release how exactly we claim new btg? I have btc in payeer, coinbase.

Thanks Cool

Topic: Bitcoin gold fork - page 3. (Read 1774 times)