What will happen If I just hold my BTC (November fork)? - page 2.

J. Cooper

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Alea iacta est

Quote from: harizen on October 11, 2017, 10:13:53 AM

Quote from: jwiz168 on October 10, 2017, 09:04:45 PM

I am just as confuse of this bitcoin forking. Last August we had a segwit fork for bitcoin and just recent weeks another forking rumor spreads and now this November. What is the real date of implementation of these forks? How would it benefit the bitcoin community?

Like mentioned above by achow101, it was guaranteed to happen because that is the nature of hard forks.

What it would benefit the community? Well a modified one is different to the current structure of bitcoin so there will be new implementations. But honestly, the main purpose of majority here is the "free money" that will get from this fork. Well just follow updates at any search result you will see via Google.

If I'm not mistaken this time around there's no replay protection so you're transactions on the 'new' chain can be rebroadcasted on the main chain. It is free money but this fork comes with a great risk. A risk I'm not willing to take.
But besides the fact that you get 'free money' do you think that 2x will have a future?

harizen

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For support ➡️ help.bc.game

Quote from: jwiz168 on October 10, 2017, 09:04:45 PM

I am just as confuse of this bitcoin forking. Last August we had a segwit fork for bitcoin and just recent weeks another forking rumor spreads and now this November. What is the real date of implementation of these forks? How would it benefit the bitcoin community?

Like mentioned above by achow101, it was guaranteed to happen because that is the nature of hard forks.

What it would benefit the community? Well a modified one is different to the current structure of bitcoin so there will be new implementations. But honestly, the main purpose of majority here is the "free money" that will get from this fork. Well just follow updates at any search result you will see via Google.

xianbits

sr. member

Activity: 910

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Quote from: achow101 on October 10, 2017, 07:04:00 PM

Quote from: xiboothrezi on October 10, 2017, 04:47:28 PM

is there an official announcement about it? or still predictions? many dear friends are arguing about it. fear of happening things that are not wanted. so my friends exchange in fiat in part, and some others remain in btc.

Official announcement of what? That segwit2x is going to happen? Or that the coin distribution will be like that? For the latter, it is guaranteed to happen because that is the nature of hard forks.

I think he is referring to the official announcement of the new bitcoin fork as I am too wants to read everything about it. As far as I know, only those with at least 1Btc will have the same amount of the fork coin for free? Also, I thought Bitcoin Gold is the new fork? I have read that it is only an altcoin, so what will be the name of the newest bitcoin fork?

Samarkand

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Quote from: shikakams on October 11, 2017, 08:39:57 AM

If I store my Bitcoin on Bittrex, this is not working ?

This depends on how Bittrex handles the SegWit2x hard fork. As of now they have not
clarified their position on the upcoming hard fork.

However, I speculate that they will credit users with both coins in the case of a split.
They did the same with the Bitcoin Cash hard fork:

Quote

If you have a Bitcoin (BTC) balance on Bittrex during the BCC UAHF time on August 1st, 5:20am PT (12:20pm UTC), you will be additionally credited the equivalent amount of Bitcoin Cash (BCC) on a 1:1 basis. i.e. 1 BTC on Bittrex held during the on-exchange snapshot will get you 1 BCC. BTC held on orders will also be credited. Only the BTC held on your account is eligible for BCC.

If you want to be really sure that you are ready for the fork, withdraw your BTC from Bittrex and take control of
your private keys. By doing this you might also be able to take advantage of the Bitcoin Gold hard fork if the hard fork
is actually going to happen.

shikakams

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Activity: 182

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If I store my Bitcoin on Bittrex, this is not working ?

xFiber

sr. member

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As mentioned multiple times already, you will have 1 BTC on one chain and 1 2X coin on the other chain.
I also have a question that might be relevant for this topic.
So if I were to send x amount of coin, on the main chain (so not the 2x chain), from wallet A to B would I be vulnerable for a replay attack? Or does the treat only apply when I send a transaction from my 'copied' wallet to another on the 2x chain?

onurgozupek

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In #Bitcoin me trust

If you keep your coins on a wallet which you have the private keys or any exchange which declares support to the new coin will let you own the same amount of the new crypto currency. If you are using a desktop/hardware or online wallet it will be little bit struggling because you will have to export your private key and import to a new software which syncs the new blockchain. But most exchange will support the new coin and will let you have the same amount.

And don't forget, the new currency will be an altcoin. Bitcoin will still remain as Bitcoin.

yasher

member

Activity: 84

Merit: 10

I will be just storing my coin in Freebitco.in, during the previous fork I have received bitcoin cash from them equivalent to the amount of bitcoin I have stored in that site but the only problem was that you can't withdraw it and the only option was to exchange it to btc.

kernighan

member

Activity: 70

Merit: 10

Yes, I agree to always keep your BTC in wallet so as to keep your own Private key, but choose wallet wisely.

When BCC split, I store BTC in multibit HD, which could not export private key. It took me lots time to find way got my BCC/BCH.

exchange are centralized way to store your BTC, if you believe exchange (as you store BTC there) and exchange commit to fund you B2X as they do for BCC/BCH, you may choose by your own to trust or not.

rjbtc2017

sr. member

Activity: 322

Merit: 252

Quote from: fflojj on October 10, 2017, 03:35:41 AM

Hello everyone,

for example:
if I hold 1 BTC, it will stay as 1 BTC(core) after the fork?
or
it will be splitted? 0.5 B2X(hard fork) and 0.5 BTC(core) for example

thanks

Hi, You should read other replies, to summarize it.
If you hold 1 BTC, 1 BTC will stay at your wallet. AFTER the FORK. You will still have your 1 BTC and you will gain another Coin with the same amount of your BTC which is another altcoin from the Fork.

/ >1 BTC
1 BTC ----AFTER THE FORK <
\ >1 B2X

You will just get your B2X (after hardfork coin) if you have your own Private key. That's why some of the bitcoin holders cannot redeem their Altcoins from hardfork is because their bitcoin is in exchanges and they do not have their own private key. So keep your private key and make sure your bitcoins is not in exchanges.

jwiz168

hero member

Activity: 910

Merit: 1000

I am just as confuse of this bitcoin forking. Last August we had a segwit fork for bitcoin and just recent weeks another forking rumor spreads and now this November. What is the real date of implementation of these forks? How would it benefit the bitcoin community?

achow101

staff

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Just writing some code

Quote from: xiboothrezi on October 10, 2017, 04:47:28 PM

is there an official announcement about it? or still predictions? many dear friends are arguing about it. fear of happening things that are not wanted. so my friends exchange in fiat in part, and some others remain in btc.

Official announcement of what? That segwit2x is going to happen? Or that the coin distribution will be like that? For the latter, it is guaranteed to happen because that is the nature of hard forks.

miguelborges99

jr. member

Activity: 57

Merit: 1

Anyone suggest a personal wallet software?

xiboothrezi

sr. member

Activity: 1246

Merit: 285

Quote from: achow101 on October 10, 2017, 10:02:57 AM

Quote from: fflojj on October 10, 2017, 03:35:41 AM

for example:
if I hold 1 BTC, it will stay as 1 BTC(core) after the fork?
or
it will be splitted? 0.5 B2X(hard fork) and 0.5 BTC(core) for example

You will have 1 BTC and 1 B2X after the fork. Note that B2X (segwit2x coin) is not the same as Bitcoin Gold which is a different altcoin that has different parameters and is forking at a different time.

is there an official announcement about it? or still predictions? many dear friends are arguing about it. fear of happening things that are not wanted. so my friends exchange in fiat in part, and some others remain in btc.

Kprawn

legendary

Activity: 1904

Merit: 1074

Quote from: fflojj on October 10, 2017, 03:35:41 AM

Hello everyone,

for example:
if I hold 1 BTC, it will stay as 1 BTC(core) after the fork?
or
it will be splitted? 0.5 B2X(hard fork) and 0.5 BTC(core) for example

thanks

Nah, you do not have to worry about your BTC getting halved or that it will somehow be reduced to create these other coins.

I think there are a lot of people who are getting this wrong and are totally confused with all the FUD that are being spread.

Your original bitcoins are safe, just keep the private key secret and wait for the fork. After the fork, you will have coins from

the new fork too... You can sell or keep those coins, if you have sole control over your private key. Some people store their

bitcoins in services where these services have control over your private key and they can decide what they want to do with

those forked coins. Roll Eyes

coinrobin

newbie

Activity: 4

Merit: 0

It'll be the same as the last fork. More free coins.

But the repeated forking feels like a giant scam. They just forked like 3 months ago.

achow101

staff

Activity: 3458

Merit: 6793

Just writing some code

Quote from: fflojj on October 10, 2017, 03:35:41 AM

for example:
if I hold 1 BTC, it will stay as 1 BTC(core) after the fork?
or
it will be splitted? 0.5 B2X(hard fork) and 0.5 BTC(core) for example

You will have 1 BTC and 1 B2X after the fork. Note that B2X (segwit2x coin) is not the same as Bitcoin Gold which is a different altcoin that has different parameters and is forking at a different time.

Anthony1985

sr. member

Activity: 574

Merit: 251

Quote from: fflojj on October 10, 2017, 03:50:24 AM

where do I store my BTC before the fork?

Bitfinex, coinbase wallet who support the fork?
or
cold storage?

I suggest you to store it on your own wallet where you control the private key, so you can redeem the BTC Gold straight away.

invitro

member

Activity: 70

Merit: 10

Store in your wallet.

You must have your private keys if you want to claim BTC Gold or other btc

fflojj

newbie

Activity: 2

Merit: 0

where do I store my BTC before the fork?

Bitfinex, coinbase wallet who support the fork?
or
cold storage?

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