Make profit from the fork ? | Bitcointalksearch.org

pflmagic

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Quote from: JohnHero on October 16, 2017, 05:17:20 AM

If you didn't invest when it was $4000 you kinda missed the train for the Fork profit. You will basically get the equal amount of Bitcoin Gold that you have in Bitcoin. So yeah, you can call that profit.

You're making it seem like it will be equal in value. It could be equal in value, but it could also not be.
We can say it will be equal in number of coins though.

Also what if BTC price dives? (a significant dip could be seen as unlikely) but if this took place there could be no real profit margins.

jack05

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If it will be like last time there is a very big probability to get profit from bitcoin. You will get Bitcoin gold which is your profit.

JohnHero

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If you didn't invest when it was $4000 you kinda missed the train for the Fork profit. You will basically get the equal amount of Bitcoin Gold that you have in Bitcoin. So yeah, you can call that profit.

HeRetiK

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Quote from: ayeseayoo on October 16, 2017, 03:05:00 AM

You can make profits from fork if you've invested in alternate coins, buy them now since price is low and check your holdings once the fork is done. Just make sure that the coins you are investing are moving and not those dead coins.

Be careful with alts, there are a lot of useless ones out there. Also note that there's no guarantuee that whatever particular alts you choose are going to fully recover. Some very well may just fall out of favor and will not get back up, in which case you'll have to decide whether you cut your losses or try to come out on top a couple of months / years further down the road.

Kallipso

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Quote from: M0nero on October 15, 2017, 03:58:06 PM

Hello

i know that s a large question & every one has his own opinion about it

so will be great to talk about it

You can both make money on the fork and lose it, because when you fall it's very difficult to predict when there will be a further decline or a big rise. So the main thing is not to panic, but to try on other coins to earn at this time.

kramchers

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the fork will be a sure profit but theres also a chance of loosing, we know that the form will be on the 25 though it might be a time for dump of bitcoin price too ! if that happen what is more profitable and loosing ? having some token of bitcoin gold or dropping of bitcoin prrice you acquire on high price ?

ayeseayoo

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You can make profits from fork if you've invested in alternate coins, buy them now since price is low and check your holdings once the fork is done. Just make sure that the coins you are investing are moving and not those dead coins.

HeRetiK

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Quote from: pooya87 on October 16, 2017, 01:43:06 AM

instead of getting greedy and thinking about how you can make profit from the fork, try to focus on not losing money because of the fork.
when you focus on getting the airdrops and dumping fast you are bound to be careless and being careless means losing money.
you may download a malicious wallet and lose your private keys,
the wallet the forkers release may even be malicious itself and you lose your bitcoins,
sometimes these forks don't have replay protection, so you may unknowingly make a transaction on one chain and lose money on the other.
these are a couple of examples off the top of my mind though.

Heed these words, OP. All these points are very valid concerns. Trying to get rich quick, is a great way to lose money quick.

I personally doubt that BTG will have much of an impact and will indeed basically be free money. But even something simple as sending your coins to the wrong address -- sending BTG to a BTC address or vice versa -- can ruin your day.

jamids

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Quote from: pooya87 on October 16, 2017, 01:43:06 AM

instead of getting greedy and thinking about how you can make profit from the fork, try to focus on not losing money because of the fork.
when you focus on getting the airdrops and dumping fast you are bound to be careless and being careless means losing money.
you may download a malicious wallet and lose your private keys,
the wallet the forkers release may even be malicious itself and you lose your bitcoins,
sometimes these forks don't have replay protection, so you may unknowingly make a transaction on one chain and lose money on the other.
these are a couple of examples off the top of my mind though.

I agree with this. We should be careful in making transactions because there are many people taking advantage of the upcoming airdrop and then instead of having a free coin, you end up losing both because of being careless. I can see a lot of videos in you tube on how to claim bitcoin gold that requires the bitcoin holders to enter their private key or wallet seed. The video has so many views and a lot of replies being interested on the site and I can see that many of them just hastily entered their private keys to the site and in effect their accounts are hacked. Just remember to never give your private key or wallet seed to anyone unless you want your bitcoin to be taken away. Whoever has your key has your coins.

pooya87

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instead of getting greedy and thinking about how you can make profit from the fork, try to focus on not losing money because of the fork.
when you focus on getting the airdrops and dumping fast you are bound to be careless and being careless means losing money.
you may download a malicious wallet and lose your private keys,
the wallet the forkers release may even be malicious itself and you lose your bitcoins,
sometimes these forks don't have replay protection, so you may unknowingly make a transaction on one chain and lose money on the other.
these are a couple of examples off the top of my mind though.

sanyinchen

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No，it’s not a good ideal just buy BTC and leave it there. There are three kinds of cryptocurrency.

1)POW:Proof of Work . The only way you get coin is by hardware mining or money, if you have some coins, it will not raise themself.
2)POS:Proof of Stake . If you have some coins and you just open your wallet ,then you can get more coins or if it’s based on ETH , you just need spend a little gas fee.
3)POW and POS: it’s a hybrid of POW and POS. You can get coins from mining or just open your wallet to stake it.

Unfortunately, btc is a kind of POW, so if you just leave it in your wallet, it will not get profit for you. What’s your earning is just when the price raise too much. However , the price is possible to fail. So you what’s you need to do is paying attention to this coin. Please don’t just leave it there.

tyuner4

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It is possible to make profit from the fork by holding BTC and you will recive Bitcoin Gold. The free Bitcoin Gold will be your profit.

SoulBargain

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Quote from: mk4 on October 15, 2017, 07:49:33 PM

"Re: Make profit from the fork ?" Sorry? I don't think that's even a question.

Quote from: ?? on ??

There was a lot of discussion pre the previous fork about how the value of btc would split and leave each coin at a lesser value than that of btc fork entry price... that didn’t play out. Surprisingly the fork happened and both coins increased.

This time, that’s the expectation - but mixed in with the uncertainty of who’s actually committing to the NYA or not; it’s pure speculation until it happens.
If you’re keen, take a punt either way!

Exactly. People are assuming that this fork will go the same way as the last fork. People thinking it's "free money". Well, it doesn't work that way.

The thing is you don't actually lose either way. If BTG is far more better than the BTC then I'll switch i.e. accompanied with a good market support but if not then I will still continue to use BTC. It might be different from what happen to BCC. Let's just wait and see then act accordingly after the fork.

mk4

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📟 t3rminal.xyz

"Re: Make profit from the fork ?" Sorry? I don't think that's even a question.

Quote from: ?? on ??

There was a lot of discussion pre the previous fork about how the value of btc would split and leave each coin at a lesser value than that of btc fork entry price... that didn’t play out. Surprisingly the fork happened and both coins increased.

This time, that’s the expectation - but mixed in with the uncertainty of who’s actually committing to the NYA or not; it’s pure speculation until it happens.
If you’re keen, take a punt either way!

Exactly. People are assuming that this fork will go the same way as the last fork. People thinking it's "free money". Well, it doesn't work that way.

poordeveloper

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₿₿₿₿₿₿₿

In the last fork those who owned Bitcoins earned a lot from both price increase and the fork itself's price.

M0nero

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Hello

i know that s a large question & every one has his own opinion about it

so will be great to talk about it

Topic: Make profit from the fork ? (Read 453 times)