Bitcoin gold fork - page 4. | Bitcointalksearch.org

13abyknight

sr. member

Activity: 602

Merit: 252

Quote from: yhingsy on October 04, 2017, 07:57:13 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).

You need your coins to be stored in a wallet that you have the private keys to so that once the fork happens, you can use the same private key to gain access to the newly forked Bitcoin gold (or whatever it will be called)
Just make sure not to store your coins in an exchange like Coinbase because you don't have access to the private keys of your wallet and eventually won't be able to claim your Bitcoin gold.

chip211

full member

Activity: 202

Merit: 100

Quote from: YuginKadoya on October 04, 2017, 08:23:00 AM

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

Quote from: yhingsy on October 04, 2017, 07:57:13 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.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

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

Quote from: yhingsy on October 04, 2017, 07:57:13 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.

Somz1

full member

Activity: 420

Merit: 102

It's a pointless fork where they don't even have a clear idea,they are forkin just for the sake of it,anyway free money for us I guess.
Electrum wallet (electrum.org) is a good choice to store your Bitcoins and later claim the btg when it's gets forked

CASPER_TEAM

jr. member

Activity: 266

Merit: 1

Same situation as with Bitcoin fork before - you ll get new currency for free

willmunte

member

Activity: 87

Merit: 100

Quote from: yhingsy on October 04, 2017, 07:57:13 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.

yhingsy

newbie

Activity: 18

Merit: 0

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.

Topic: Bitcoin gold fork - page 4. (Read 1797 times)