Help!! beginer treat with new forks bitcoin gold and segwit2x

Rep

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Quote from: Swinging Phallus on October 16, 2017, 07:03:53 PM

Quote from: Rep on October 16, 2017, 06:30:49 PM

Hello ....
It's hard to understand or specifically dealing with next forks 25 October and mid November
So , please any professional tell us what we should do

1- Is it portfolio to invest this forks ( mean buy more of btc before the forks ) ?

2- Which wallet we can hold btc in ?? - i know that any wallet can export private key will be fine but which one is better?? for example my wallet is blockchain is it good??

3- How much btg we will earn and who will determines the price

4- Is it will be easy to sell them in exchange Once forks done??

Thanks a lot for those helpers who don't refer us to links and give conclusion in their replies

Christ man, your grammar... fix it.

1. Whenever there is a fork BTC always tends to rise in price. It can be a good thing or it can be a bad thing. Personally I don't bother buying more BTC after it reaches a new ATH, I always wait for a dip - and a decent one at that. Patience is the most powerful skill anyone can have in this realm.

2. Have a wallet that you have the private key for, it's that simple. You don't need anything else.

3. You will earn the exact same amount of BTG that you have BTG, just understand that BTG will most likely be worth 10% or maybe even less then BTC until it gains traction.

4. Yes, "is it will". Don't imagine being able to sell it RIGHT after the fork though, there will be congestion and it may take you a week to get it out after the fork. As I said just be patient.

Thank You for your advice, and thank you for grammar notification

pooya87

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Quote from: Swinging Phallus on October 16, 2017, 07:03:53 PM

1. Whenever there is a fork BTC always tends to rise in price. It can be a good thing or it can be a bad thing. Personally I don't bother buying more BTC after it reaches a new ATH, I always wait for a dip - and a decent one at that. Patience is the most powerful skill anyone can have in this realm.

not necessarily.
forks can have very different effects on bitcoin and its price. it depends on what they are and how they are moving on with their fork.
for example SegWit fork caused a drop before it gained 100% support because there was a fear of a big split because of UASF. but then it went up when it gained 100% support.
the BCH fork didn't do anything. it causes some headache in the start because of hashrate stealing and the fact that many were moving their coins to safety before they dumped BCH.

Quote

3. You will earn the exact same amount of BTG that you have BTG, just understand that BTG will most likely be worth 10% or maybe even less then BTC until it gains traction.

again not necessarily.
the market decides what it will be worth. it can be 1 satoshi or it can be 10BTC.

Quote

4. Yes, "is it will". Don't imagine being able to sell it RIGHT after the fork though, there will be congestion and it may take you a week to get it out after the fork. As I said just be patient.

i don't think there will be much congestion on BTG network though. most people don't act right away because of the risks so it is going to be a slow process. you can see BCH chain, they barely even had 1 MB blocks and only one 8 MG in the first weeks which was mostly spam for gaining media attention, not real transactions.
BTG difficulty adjustment happens on every block, so there won't be any issues with finding blocks either.

Swinging Phallus

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Activity: 266

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Quote from: Rep on October 16, 2017, 06:30:49 PM

Hello ....
It's hard to understand or specifically dealing with next forks 25 October and mid November
So , please any professional tell us what we should do

1- Is it portfolio to invest this forks ( mean buy more of btc before the forks ) ?

2- Which wallet we can hold btc in ?? - i know that any wallet can export private key will be fine but which one is better?? for example my wallet is blockchain is it good??

3- How much btg we will earn and who will determines the price

4- Is it will be easy to sell them in exchange Once forks done??

Thanks a lot for those helpers who don't refer us to links and give conclusion in their replies

Christ man, your grammar... fix it.

1. Whenever there is a fork BTC always tends to rise in price. It can be a good thing or it can be a bad thing. Personally I don't bother buying more BTC after it reaches a new ATH, I always wait for a dip - and a decent one at that. Patience is the most powerful skill anyone can have in this realm.

2. Have a wallet that you have the private key for, it's that simple. You don't need anything else.

3. You will earn the exact same amount of BTG that you have BTG, just understand that BTG will most likely be worth 10% or maybe even less then BTC until it gains traction.

4. Yes, "is it will". Don't imagine being able to sell it RIGHT after the fork though, there will be congestion and it may take you a week to get it out after the fork. As I said just be patient.

Rep

member

Activity: 211

Merit: 66

Hello ....
It's hard to understand or specifically dealing with next forks 25 October and mid November
So , please any professional tell us what we should do

1- Is it portfolio to invest this forks ( mean buy more of btc before the forks ) ?

2- Which wallet we can hold btc in ?? - i know that any wallet can export private key will be fine but which one is better?? for example my wallet is blockchain is it good??

3- How much btg we will earn and who will determines the price

4- Is it will be easy to sell them in exchange Once forks done??

Thanks a lot for those helpers who don't refer us to links and give conclusion in their replies

Topic: Help!! beginer treat with new forks bitcoin gold and segwit2x (Read 318 times)