Author

Topic: ELI5: altcoins positions before/after fork (Read 307 times)

newbie
Activity: 15
Merit: 0
October 17, 2017, 07:14:14 PM
#1
Hi guys, I am fairly new to cryptocurrency and been reading articles on this upcoming Bitcoin Gold and Segwit2x forks coming up yet I am still confused. I currently own small amount of bitcoin on Bittrex and I have invested all of my bitcoins into altcoins. Questions I have are:

- People say to move bitcoin to private wallet before fork so I can receive Bitcoin Gold. However, I dont have any more bitcoins left since it is all in Altcoins. Would it not be ideal to keep those altcoin positions on exchange as we approach fork? Does this mean I need to sell my altcoin positions to stay BTC so I can receive FREE bitcoin Gold or do I still get them even though I am on altcoins?
 Do I also get free coins for segwit2x? All these are confusing to me... please help.
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