Bitcoin Forum

According to this article another altcoin 'bitcoin gold'  will be created from bitcoin like BCC during the upcoming hard fork in October 25th which means every owner of a bitcoin will technically own a bitcoin gold, I hope my wallet will support this new chain.
https://www.quora.com/Can-you-elaborate-on-how-bitcoin-holders-will-receive-bitcoin-gold-after-the-October-25th-hard-fork

unless you are using something like exchanges or coinbase and xapo and call them "wallet", your "wallet" will not support the new forked coins ever. your "wallet" is a bitcoin wallet and will continue to support bitcoin not altcoins that are forked from bitcoin.

you will have to download the wallet they release, risk using it, and claim the coins. that is why so many have not yet claimed their bitcoin cash.

I think that you have to download their wallet and then import your private key into it to get your bitcoin gold, so it would be good for you to have all your bitcoin in a single wallet to get away from all the burden of claiming the coins from different wallets. And also you check that you control the private keys of that wallet.

I heard this from a article saying that there are going to be multiple forks, one is on October 25 and another one will be during November ,which they call it as Segwit2X. I didn't quite understand what exactly they were trying to tell but to reduce the block size and to reduce the transaction fee is one of the reasons why the hardfork is taking place now.

Now that I just knew about it I thought it would happen in november? what is there november is also a hard fork.?

Tonight I'll sell my Altcoins even if it's a bad thing to get ready for the upcoming hard fork this october 25 and of course I'll also get a free BTG. Hopefully this will be supported by the exchanges and the price will be higher.

I also read something here about more than onw forks, but couldn't find anymore. So the best is, to keep private keys, wait until november or a bit longer, transfer then the BTC to another place and then import the empty address to a wallet, that supports the new coins.

Yes it is
There are two upcoming BTC forks, one is on October 25th Bitcoin gold fork. I've read something about this fork in reddit that it is already pre mined. I'm not sure how will that affect on fork. Second one probably takes place around middle of November. Bitfinix already listed two chains separately as BT-1 and BT-2.

If upcoming hard fork created Oct 25 , We are have BTC hard fork with new chain!
So If you have all your coins in an exchange, you have to hope that the exchange will support the new chain. If they do not, you will no longer have access to those funds. Best course of action is to have your tokens in a wallet you control

So we will have three or for new Bitcoins. We have BitCash and will have Bitcoin Gold. What are the other one or two coins?

NO!
we will always have only 1 bitcoin at all times. there never can and will exist any more than that. the chain with the majority support will be bitcoin and the rest of them will always be altcoins.

things like bitcoin cash and bitcoin gold are definitely altcoins because of the way they work. BCH was an attack on bitcoin with support of a handful of people (Roger Ver, Antpool gang)
BTG is an obvious altcoin which even has a huge premine

While I agree that there is only one Bitcoin at all times, I disagree with your argument. You can't know until long after the fork which chain has majority support. Hash power could switch back and forth. It could be difficult to gauge which network has majority user support, especially if we consider the position of SPV and web wallet users. And why should a simple majority be good enough?

I think any incompatible change of the consensus rules -- which necessarily causes an incompatible chain split -- creates an altcoin. There's nothing wrong with creating altcoins, but we should be honest about it. The legacy chain is Bitcoin. Litecoin is a hard fork of Bitcoin, too. Why would we call it "Bitcoin?"

May be the so called Bitcoin gold will be created by Bitcoin. But i still like Bitcoin and take it as the first investment. LOL  And still not sure if its price is steady. Let us look forward to it.........

Prior to this event. I am sure people will sell all altcoin to keep Bitcoin and will limit trade at this point. I advise you to limit trade at this sensitive time as the altcoin market may decrease at any time

Do you think that the Bitcoin Gold coins will be launched at the date of the fork? I think they're running out of time to do both things.

Bitcoin Gold will created at 25 oct or not i guess it's still uncertain, but if there is news it will most likely will happen and about your wallet will support this or not i'll recomend you to use personal wallet than wallet from market for more accurate.

That is right that bitcoin gold will be created at october 25 and this is the best chance for us to make money again by holding bitcoin because we will get the same amount of bitcoin gold that we have in our bitcoin wallet and we should just keep it for a longer time to make sure that the next forks are compatible for us because it always need bitcoin.

Well i'd probably stay with the same strategy i went with the last hard fork and leave my btc in my exchange wallet for the mean time. I mean if ever they give the amount of bitcoin gold for the btc that i have there, then that would be free money right?

Is that true?

Claiming bitcoin cash is easy and transferring it to a bitcoin cash dedicated wallet is nearly as easy.

I don't think people are afraid of claiming or transacting bitcoin cash. The hype wasn't as big as many thought but it didn't fail either...it's just another cryptocurrency, but one that holds quite a bit of value!

A small group of bitcoin developers and miners plan to complete a fork of the blockchain on October 25. That hard fork would create a new version of bitcoin called Bitcoin Gold. By November 1, the developers plan to open Bitcoin Gold trading on exchanges.
The goal of the project is the same goal as any bitcoin hard fork: to improve the protocol. Bitcoin Gold appears to be designed specifically to challenge Bitcoin Cash.

Many are now investing in bitcoin, or some of the Altkoins are moving into it in anticipation of a new fork and biccoin splitting and getting a new free coin of high cost. And they do it right. And the coin itself, perhaps, will increase in price. In any case, her friendliness to bitcoin and a number of useful properties have repeatedly been advertised.

People are saying this is going to be a train wreck, because these guys has not even started with a wallet for Bitcoin Gold and there are no exchanges that are ready to trade with this. The fork will happen, but nobody will be able to trade with it, so the price will stagnate, because there will be nothing to measure the demand for the coin.

I like the features of the planned forked coin, but the preparation was not done correctly and this is going to hurt them, once the fork is done. ^hmmmmm^

Yes Bitcoingold hardfork is on OCT 25.No doubt in it.It is a free money and some people are selling their altcoins and buying bitcoin for the sake of Bitcoingold.But it is not good to sell altcoins for low because of bitcoin gold. Altcoins could be bigger than bitcoingold.Don't know the future of bitcoin gold.

No wonder all the other altcoins are going red in the graphs as everyone is dumping everything for BTC just to get that wallet balance up before the hard fork. Just want it to be like the first one which skyrocketed BTC prices after a brief period. As always, make sure you have access to your private keys and stay away from exchanges during the fork to obtain your Bitcoin gold.

Now i understand why most altcoins are dropping in value, but i hope this bitcoingold would match the value of altcoins disposed to get it.

As far as I know things will be very similar to what happened with Bitcoin Cash fork last August. So maybe some exchange will double the coins automatically, but the safest way is always the one where you put all your Bitcoins in a wallet you can control. After the fork you move your Bitcoins in a new wallet and then download the new "Bitcoin Gold" wallet and import your keys from your old (before the fork) Bitcoin wallet. It worked fine for Bitcoin Cash and I guess it will be fine for this hard fork as well.

Honestly, I think this is being done intentionally. Based on their original plans (pre-mine after the fork and offer the pre-mine as ICO), I actually thought the fork may occur well before October 25th so they could pre-mine.

Now it looks like the fork will occur on October 25th, but they will delay the release of the source code/wallet. This gives them time to mine before anyone starts pointing hash rate at their coin. Pure speculation, but that's what I think for now.

And what will we get again, another bitcoin that at the moment dont have wallet and some exchange (personally better to keep it like that).
Do we need another coin like bitcoin, bitcoin cash wasn't meant to happen but it did, now with this gold project , what to expect next.

If this trend continues then what every year we will have some 2-3 bitcoin coins that are gonna be created. Rush in buy for bitcoin for last few days indicates that many expect to see same as with bitcoin cash. Still I think it will be scam, or coins will be for the ones that dont have exchange wallet or they have particular wallet.

wallet not ready.. won't be ready b4 the fork.. Just keep your BTC priv. keys to claim BTCG after fork.