The upcoming fork November 2017 (Bitcoin gold)?

[limopc]

I am a bit new to cryptos, almost 5 weeks old!

My question is:

There is an upcoming fork in November 2017, I understand not all wallets planning to support it or yet undecided. My wallets are Jaxx and Bread having a few Satoshi in each.

Would I still be receiving my share of the forked currency if Jaxx didn’t support the new fork?
Will I still receive it if I sent my BTC from a wallet that does not support to a wallet that support the fork AFTER the fork happens?

How can I be sure I will collect my share of the forked currency.

Your advice highly appreciated.

[bitcub]

Ofcourse you will receive it. As long as you know the private keys you dont have to worry. They enjoyed the recent BCC. Expect another sprout BTC variant coin to arrive. Get profit.

[limopc]

Thanks bitcub, I was just feeling lost with all this talk and bla bla about Segwit, Segwit2x, blocksize, off blockchain... etc...

I have a feeling (bad though) the discussions in the community has some roots to purely personal interest.
Not just discussion to improve an open source project an free currency.

I may be wrong or missing something, that’s why I made my thread https://bitcointalk.org/index.php?topic=2234959.msg22531790#msg22531790 hoping crypto will get better.

[limopc]

Thanks

But as a believer in freedom, the basics of crypto does not go with how exchanges work. It is centralised, profit oriented, they control your money.

I am ok with wallets.

Maybe, it is time for the bitcoin community to create their own exchange based on the principles of freedom and principles of bitcoin.

Any ideas or comments?

[JaredStein]

The upcoming fork in November has nothing to do with Bitcoin gold? Bitcoin gold is a separate event than the 2X fork that is being proposed by a group of companies.

[limopc]

The upcoming fork in November has nothing to do with Bitcoin gold? Bitcoin gold is a separate event than the 2X fork that is being proposed by a group of companies.

Oops, I am again lost in all this.
So you say bitcoin gold is just a fork of the original BTC.
My apologies for my ignorance... but now we have 2x fork and bitcoin gold fork?
This means BTC holders will be receiving 2 new currencies?

Which of them is proposed by companies, which by the community? Would a crypto proposed by a group of companies survive as it is not community driven as such? I may be mistakenly applying my understanding and experience with Linux and open source software to cryptos.

Any guidance will help me understand more.
Thanks

[OmegaStarScream]

The Bitcoin Gold[1] fork will actually happen at the end of this month and SegWit2x will happen at mid November. Regardless of which fork, If there is actually a split, all you will need to retrieve your new coins is to have control the private keys and even If the wallet don't support the new coin, you could always export the private keys in that case and import them somewhere else.

[1] http://btcgpu.org/

[Pursuer]

I understand not all wallets planning to support it or yet undecided. My wallets are Jaxx and Bread having a few Satoshi in each.

no bitcoin wallet will support bitcoin gold fork because it is a completely different and separate fork although it seems to be forking from bitcoin but it is creating a 100% new altcoin.
it also has a premine which nobody in bitcoin world looks good upon these things.

if you want to claim it you will have to download their specific wallet from what they release in the future on their website and then import your bitcoin private keys in that to claim the new altcoins.

[limopc]

Thanks guys.

So, in any case people having bitcoin will receive bitcoin gold for currency plus Segwit2x currency, it just depends on the wallets that supports BTC and both new currencies, as far as I understand now.
Am I right?

If so, I should claim the 2 new currencies, shapeshift them to a “known” crypto (BTC, ETH, LTC...) then back to my “normal” wallet? Am I understanding this properly?

Thanks guys for all your help. I am new and unfortunately have no enough time to follow all discussions going on in this world. But I am trying my best.

I really wish I can transfer ALL my balances to crypto, but still not the time yet.

[culun86]

Ofcourse you will receive it. As long as you know the private keys you dont have to worry. They enjoyed the recent BCC. Expect another sprout BTC variant coin to arrive. Get profit, do not let your friends leave for the coin workers keep the spirit !!

[Yadstiker]

I understand not all wallets planning to support it or yet undecided. My wallets are Jaxx and Bread having a few Satoshi in each.

no bitcoin wallet will support bitcoin gold fork because it is a completely different and separate fork although it seems to be forking from bitcoin but it is creating a 100% new altcoin.
it also has a premine which nobody in bitcoin world looks good upon these things.

if you want to claim it you will have to download their specific wallet from what they release in the future on their website and then import your bitcoin private keys in that to claim the new altcoins.

And now I am starting to feel that i can claim the upcoming fork this November. Although i was also wondering way back then, what might happen in the near future if so many forks and segwits will come, been thinking about it though.

[buwaytress]

Thanks guys.

So, in any case people having bitcoin will receive bitcoin gold for currency plus Segwit2x currency, it just depends on the wallets that supports BTC and both new currencies, as far as I understand now.
Am I right?

You are correct Just think of a fork the way you would if a group of people were walking down a path. You reach a fork. No matter which path you and others decide to continue on, you all share exact same details of the journey right up til the point of the fork. So if you have Bitcoin, you will have an equal balance of coins on all and any forks that happen from the original chain.

When a wallet says it doesn't support a coin, it just means you can't use that wallet to view and use your coins. But if you are in full control of your BTC address (ie you have the private keys or seed) you can always access those coins.

Do refer to the threads here regarding the last fork that happened (Bitcoin Cash) on August 1 to see how people claimed theirs.

If so, I should claim the 2 new currencies, shapeshift them to a “known” crypto (BTC, ETH, LTC...) then back to my “normal” wallet? Am I understanding this properly?

Thanks guys for all your help. I am new and unfortunately have no enough time to follow all discussions going on in this world. But I am trying my best.

I really wish I can transfer ALL my balances to crypto, but still not the time yet.

That's entirely up to you. The last fork that happened (BCC/H), I sent all my BCC to an exchange and sold it for BTC.

[audrey12]

I'm not sure if other wallets will support bitcoin gold like what happen in bitcoin cash but hopefully they will so that we can get additional earnings out on converting bitcoin gold to bitcoin or satoshi. But one thing is for sure there would be a price fluctuations which suddenly decrease or increase the value of bitcoin like what happen in August.

[Vastraint]

I am a bit new to cryptos, almost 5 weeks old!

My question is:

There is an upcoming fork in November 2017, I understand not all wallets planning to support it or yet undecided. My wallets are Jaxx and Bread having a few Satoshi in each.

Would I still be receiving my share of the forked currency if Jaxx didn’t support the new fork?
Will I still receive it if I sent my BTC from a wallet that does not support to a wallet that support the fork AFTER the fork happens?

How can I be sure I will collect my share of the forked currency.

Your advice highly appreciated.

With a knowledge like that and with a satoshi in wallets that is not even known to everyone, I doubt that you're a 5 weeks old here.
By the way read for instructions for like example Before the BCC fork (electrum) has a guidelines on what to do during and after the fork. And see for yourself if your wallet is capable of replay protection and be sure that you have your own master private key.
REad also the headline news and thread here made by the Global moderators here itself.
Be Updated.

[limopc]

So, we should expect some free coins and a boost in BTC price? Same scenario as Bitcoin Cash?

[Denker]

send the btc to kraken before the fork if you dont want to deal with wallets and they'll credit you

Are you sure Kraken will support Bgold?
I haven't found any information announcement about that.Neither from Kraken nor from the Bgold team.

[limopc]

send the btc to kraken before the fork if you dont want to deal with wallets and they'll credit you

Are you sure Kraken will support Bgold?
I haven't found any information announcement about that.Neither from Kraken nor from the Bgold team.

Shapeshift perhaps or something similar? Still we have to see which wallet will support it.

[talkbitcoin]

send the btc to kraken before the fork if you dont want to deal with wallets and they'll credit you

Are you sure Kraken will support Bgold?
I haven't found any information announcement about that.Neither from Kraken nor from the Bgold team.

Shapeshift perhaps or something similar? Still we have to see which wallet will support it.

i don't think Shapeshit is going to list it, at least not for many months.
if you want to dump it and get bitcoin you need to use an exchange that will list this coin. so far there is none that i know of which plans on adding it. but you can count on Yobit because they are a terrible exchange which will add any random altcoin they can get their hands on.

[CryptosapienZA]

I am a bit new to cryptos, almost 5 weeks old!

My question is:

There is an upcoming fork in November 2017, I understand not all wallets planning to support it or yet undecided. My wallets are Jaxx and Bread having a few Satoshi in each.

Would I still be receiving my share of the forked currency if Jaxx didn’t support the new fork?
Will I still receive it if I sent my BTC from a wallet that does not support to a wallet that support the fork AFTER the fork happens?

How can I be sure I will collect my share of the forked currency.

Your advice highly appreciated.

Welcome to the world of Crypto. Yes, you will recieve  your coins. Just make sure your coins are not in an exchange. Keep them on theJaxx or any other wallet where you keep your private keys. Then stay put and wait for every thing to pass.

[limopc]

I see!

This looks to me as worthless currency then if I don’t have a way to exchange it. I am not favouring using any exchange... exchanges somehow don’t appear to me as fitting to the principle of freedom.

Exchanges in my opinion should be only for converting crypto <-> Fiat, from and to my bank account.

Maybe the community can come up with something so people can exchange their cryptos, something like localbitcoins, and shapeshift combined.

What you think guys?