- about the btc gold, What to do to avoid mistakes & loosing money?
As I understand it, if you are concerned about losing money because of no replay protection, as soon as the fork has occurred send your Bitcoin from its current address to another address that you hold. Then it's safe. If anything occurs to the previous address (e.g. you move out BTG) the BTC can't also be lost. 
Topic: step-by-step to manage the fork (Read 328 times)
Can somebody advice me clearly how to manage the coming fork and the famous 25 oct day.
I got my btc secure on a hardware wallet.
4 questions:
- about the btc gold, What to do to avoid mistakes & loosing money?
- How to claim Bitcoin gold when we got BTC?
- If everybody is moving their funds on the 25 oct, how the market will be affected? BTC, ico's?
- If i want buy more ico's, is it clever to do it few days before the 25 before the price rise up?
thanks for your lights!
I got my btc secure on a hardware wallet.
4 questions:
- about the btc gold, What to do to avoid mistakes & loosing money?
- How to claim Bitcoin gold when we got BTC?
- If everybody is moving their funds on the 25 oct, how the market will be affected? BTC, ico's?
- If i want buy more ico's, is it clever to do it few days before the 25 before the price rise up?
thanks for your lights!
i think to avoid the mistake is don't make any transaction in that time so we don't reduce our btc amount but we can get btc gold by free. but if you want to send it to other wallet which support btc gold, then you should do right now before the fork because it will affected the amount you will get. i am not sure about how to claim btc gold because i am not yet reading from other source but later i think i will search about any info related to this. i think the market will not be affected as we know that market will work properly but i think there is any up and down in many coins and not just btc but altcoin will get down and some of the altcoin will be up. you can buy the ico right now because you can get cheap price for the ico and you can save a lot of amount.
Can somebody advice me clearly how to manage the coming fork and the famous 25 oct day.
I got my btc secure on a hardware wallet.
4 questions:
- about the btc gold, What to do to avoid mistakes & loosing money?
- How to claim Bitcoin gold when we got BTC?
- If everybody is moving their funds on the 25 oct, how the market will be affected? BTC, ico's?
- If i want buy more ico's, is it clever to do it few days before the 25 before the price rise up?
thanks for your lights!
I got my btc secure on a hardware wallet.
4 questions:
- about the btc gold, What to do to avoid mistakes & loosing money?
- How to claim Bitcoin gold when we got BTC?
- If everybody is moving their funds on the 25 oct, how the market will be affected? BTC, ico's?
- If i want buy more ico's, is it clever to do it few days before the 25 before the price rise up?
thanks for your lights!
The general procedure for any fork is to move your BTC to a new wallet after the fork and import private keys or seed from the old wallet to a forked client installed on a separate machine - be very careful when you are installing new wallets, since there will be a lot of malware, so always verify the source.
Generally, people want to own BTC before the fork, so altcoins will fall in price, but then very quickly recover right after the fork.
step by step?
wait until we hear how the fork is going to be. it is not yet ready! and things can be very different for example if it has replay protection or not!
but in both cases you need to first move your bitcoins to another address after the fork and then claim the BTG tokens.
it also won't affect bitcoin price that much. because mostly people sell BTG for USD directly and those who bought BTC to get the airdrop may not sell all at once.so there may only be a small dip.
wait until we hear how the fork is going to be. it is not yet ready! and things can be very different for example if it has replay protection or not!
- about the btc gold, What to do to avoid mistakes & loosing money?
- How to claim Bitcoin gold when we got BTC?
that is when the waiting part comes in. with or without replay protection what you need to do are two completely different things.- How to claim Bitcoin gold when we got BTC?
but in both cases you need to first move your bitcoins to another address after the fork and then claim the BTG tokens.
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- If everybody is moving their funds on the 25 oct, how the market will be affected? BTC, ico's?
it has nothing to do with ICOsit also won't affect bitcoin price that much. because mostly people sell BTG for USD directly and those who bought BTC to get the airdrop may not sell all at once.so there may only be a small dip.
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- If i want buy more ico's, is it clever to do it few days before the 25 before the price rise up?
it is never clever to buy ICOs to begin with. 
It is still a bit messy and uncertain at this point
Now that's what I think too. It's funny that everyone starts rushing about the forks too early without any clue, official releases etc. It's better to stay patient for five more days until final countdown started. People will start there so called panic sell and all the bitcoin dump drama will start. Hope to see some good dip so as to buy more of it, :-)
This is very hard to answer.. because no one knows if the outcome will affect the market or community if it will be more stable or not.. like what happen last fork the bitcoin price was stable and nothing affects ..
I will just wait few more days and there will be a thread regarding to the fork that will happen on 25th of october
I will just wait few more days and there will be a thread regarding to the fork that will happen on 25th of october
The 100% fool proof way to be sure you can claim your BitCoin Gold is to keep it in a wallet where you control your private keys through the fork ... Like a desktop wallet. Don't keep it on an exchange unless the exchange has agreed to make your BitCoin Gold available to you. A few exchanges did this for BitCoin Cash, but I'm not aware of any exchange doing this to BitCoin Gold. I'm sure if an exchanges makes that announcement, it will get posted here.
The second most import thing to do, is after the fork, and after the BitCoin Gold Devs have made a wallet available, is move your Bitcoin away from the wallet where you held it during the split... Do this before you attempt to claim your BitCoin Gold. The reason is that when dealing your private keys to claim Bitcoin Gold, you may inadvertently expose your private keys to malware, which would result in both your BTC and BTG being stolen. Don't put both at risk.
The second most import thing to do, is after the fork, and after the BitCoin Gold Devs have made a wallet available, is move your Bitcoin away from the wallet where you held it during the split... Do this before you attempt to claim your BitCoin Gold. The reason is that when dealing your private keys to claim Bitcoin Gold, you may inadvertently expose your private keys to malware, which would result in both your BTC and BTG being stolen. Don't put both at risk.
If you want to take the least risk and avoid mistakes you could always just hold bitcoin gold and bitcoins just the way you always have before. If you think one chain will die or do worse, sell that coin.
Just read the announcement of your wallet provider or exchanges, they will provide you with their directive on what to do before and after the fork. Next is to wait for their instructions on how to claim your Bitcoin Gold. Not everyone will be moving their funds on Oct 25 mostly already bought Bitcoin for the anticipation of free Bitcoin brought by Bitcoin Gold.
Can somebody advice me clearly how to manage the coming fork and the famous 25 oct day.
I got my btc secure on a hardware wallet.
4 questions:
- about the btc gold, What to do to avoid mistakes & loosing money?
- How to claim Bitcoin gold when we got BTC?
- If everybody is moving their funds on the 25 oct, how the market will be affected? BTC, ico's?
- If i want buy more ico's, is it clever to do it few days before the 25 before the price rise up?
thanks for your lights!
I got my btc secure on a hardware wallet.
4 questions:
- about the btc gold, What to do to avoid mistakes & loosing money?
- How to claim Bitcoin gold when we got BTC?
- If everybody is moving their funds on the 25 oct, how the market will be affected? BTC, ico's?
- If i want buy more ico's, is it clever to do it few days before the 25 before the price rise up?
thanks for your lights!
I will do my best to help you, although take my advice with a grain of salt as I am no expert about claiming these airdrops.
- Do your research. There are plenty of guides to explain exactly the steps you must take to redeem your Bitcoin Gold.
- You need to control your private keys before October 25th. As long as you control your private keys, you can access your Bitcoin Gold.
- Fees will rise significantly, there will be more congestion in general and more chaos.
- There is never any guarantee that prices will go up. They could just as easily go down.
Hope this helps you!
- send your money elsewhere on the Bitcoin network and then use whatever keys you want to use on other networks.
- dump your private key and use it on the other network
- BTC will most likely be unaffected. ICO's have nothing to do with this.
- It's not clever in whatever time or occasion, but it's up to you...
BTW, beware of this nonexistent "Bitcoin Gold"... I am yet to see anything regarding this, but everyone seems to be hyped about it...
Well it is a free coin. That is why everyone is hyped about this bitcoin gold. And I really think that it is a good thing. It is just a free money guys! Just like BCC. I didn't think that it will attain good price. It was once $1300 so grab the opportunity. - dump your private key and use it on the other network
- BTC will most likely be unaffected. ICO's have nothing to do with this.
- It's not clever in whatever time or occasion, but it's up to you...
BTW, beware of this nonexistent "Bitcoin Gold"... I am yet to see anything regarding this, but everyone seems to be hyped about it...
I will advice everyone to wait the forum admin Theymos about it, he always gives insights and complete information about this issue as he did when bitcoin cash happened. You will find it under NEWS: section on upper left side on your screen.
Our country’s bitcoin exchanges provider also give bitcoin cash that has already been converted to bitcoin. And I think in some point I have to trust that they will do the same with bitcoin gold and segwit2.
Some exchanges gave their client bitcoin cash last split. I know bittrex did it. Any other exchange that will give you your bitcoin gold after the fork?
Our country’s bitcoin exchanges provider also give bitcoin cash that has already been converted to bitcoin. And I think in some point I have to trust that they will do the same with bitcoin gold and segwit2.
Some exchanges gave their client bitcoin cash last split. I know bittrex did it. Any other exchange that will give you your bitcoin gold after the fork?
It is still a bit messy and uncertain at this point
Can somebody advice me clearly how to manage the coming fork and the famous 25 oct day.
I got my btc secure on a hardware wallet.
4 questions:
- about the btc gold, What to do to avoid mistakes & loosing money?
- How to claim Bitcoin gold when we got BTC?
- If everybody is moving their funds on the 25 oct, how the market will be affected? BTC, ico's?
- If i want buy more ico's, is it clever to do it few days before the 25 before the price rise up?
thanks for your lights!
I got my btc secure on a hardware wallet.
4 questions:
- about the btc gold, What to do to avoid mistakes & loosing money?
- How to claim Bitcoin gold when we got BTC?
- If everybody is moving their funds on the 25 oct, how the market will be affected? BTC, ico's?
- If i want buy more ico's, is it clever to do it few days before the 25 before the price rise up?
thanks for your lights!
We can't know the answer to your first two questions yet, because we can't see the code and we don't know if there is replay protection. Assuming there is replay protection (address format change), you should be able to send your legacy coins to a new, safe wallet first. Then you can safely extract the old private key (to the address that held coins before the fork) into a Bitcoin Gold wallet.
Nobody knows how markets will be affected. I wouldn't listen to any speculation/investment advice that you get in Bitcoin Discussion.
- send your money elsewhere on the Bitcoin network and then use whatever keys you want to use on other networks.
- dump your private key and use it on the other network
- BTC will most likely be unaffected. ICO's have nothing to do with this.
- It's not clever in whatever time or occasion, but it's up to you...
BTW, beware of this nonexistent "Bitcoin Gold"... I am yet to see anything regarding this, but everyone seems to be hyped about it...
- dump your private key and use it on the other network
- BTC will most likely be unaffected. ICO's have nothing to do with this.
- It's not clever in whatever time or occasion, but it's up to you...
BTW, beware of this nonexistent "Bitcoin Gold"... I am yet to see anything regarding this, but everyone seems to be hyped about it...
Can somebody advice me clearly how to manage the coming fork and the famous 25 oct day.
I got my btc secure on a hardware wallet.
4 questions:
- about the btc gold, What to do to avoid mistakes & loosing money?
- How to claim Bitcoin gold when we got BTC?
- If everybody is moving their funds on the 25 oct, how the market will be affected? BTC, ico's?
- If i want buy more ico's, is it clever to do it few days before the 25 before the price rise up?
thanks for your lights!
I got my btc secure on a hardware wallet.
4 questions:
- about the btc gold, What to do to avoid mistakes & loosing money?
- How to claim Bitcoin gold when we got BTC?
- If everybody is moving their funds on the 25 oct, how the market will be affected? BTC, ico's?
- If i want buy more ico's, is it clever to do it few days before the 25 before the price rise up?
thanks for your lights!
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