WTF-What the Fork? | Bitcointalksearch.org

Bitfort

sr. member

Activity: 952

Merit: 339

invest trade and gamble wisely

Quote from: Evanston45 on December 05, 2017, 11:18:03 AM

So what happens if folks are not staying up to date on these forks and instead are just holding the coins in a hardware wallet with a long term hold plan...do they miss out on new coins?

They miss the oportunity to sell it asap but they are still valid holders. Sooner or later they realize it and start claiming their coins. For example such people are quite lucky with BCH ( because the price went up significantly ). Myself sold major part of BCH as well as BTG already (dumped 90% of BTG because i do not trust this coin at all).

Evanston45

jr. member

Activity: 86

Merit: 3

So what happens if folks are not staying up to date on these forks and instead are just holding the coins in a hardware wallet with a long term hold plan...do they miss out on new coins?

panduryk

full member

Activity: 516

Merit: 105

One more BTC fork?
Omg,are u kidding? Grin

Although if this fork is similar to BCH.I want it.Let's see what will happen next.
I have some bitcoins, I hope I can replenish their number by exchanging fork)

Script3d

hero member

Activity: 1232

Merit: 503

if you want to receive coin automatically from the new forks try storing your bitcoin in bittrex they supported both forks and there are some other websites who supported the forks too like yobit just wait for their announcement if they are gonna support the fork before depositing your bitcoins on the exchange.

rodskee

full member

Activity: 2520

Merit: 204

Quote from: Bitfort on December 05, 2017, 07:46:06 AM

It depends. If ledger decide to support the new forked coin you will be able to to use it once they update the app. IF not, you would have to extract private keys from your ledger (you have to use the mnemonic phrase and third party service, which is always risky).

FYI: Both BCH and BTG were supported.

i can recieve free BTG in bittrex because i have a small amount in bittrex during the fork, i use that amount for my day trade, yes your correct mate but i would like to suggest to him do not assume the free coins all they have to do place the bitcoin in safe wallet during the for the security.

madentopere

jr. member

Activity: 48

Merit: 10

Quote from: Evanston45 on December 05, 2017, 07:37:07 AM

When there are forks, do I automatically get the new coins (if there are any generated) regardless of where I store the initial coin? There is another BTC fork coming up...can my BTC be on the Nano Ledger S or does it have to be on some other platform for me to get my new coins?
Thanks

Ledger S take time to support forks it’s just support BCH so that safe your bitcoin and never try to have altcoins

Bitfort

sr. member

Activity: 952

Merit: 339

invest trade and gamble wisely

It depends. If ledger decide to support the new forked coin you will be able to to use it once they update the app. IF not, you would have to extract private keys from your ledger (you have to use the mnemonic phrase and third party service, which is always risky).

FYI: Both BCH and BTG were supported.

Evanston45

jr. member

Activity: 86

Merit: 3

When there are forks, do I automatically get the new coins (if there are any generated) regardless of where I store the initial coin? There is another BTC fork coming up...can my BTC be on the Nano Ledger S or does it have to be on some other platform for me to get my new coins?
Thanks

Topic: WTF-What the Fork? (Read 188 times)