Bitcoin gold fork

[yhingsy]

Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

Thanks for any advice.

[willmunte]

Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

Thanks for any advice.

A lot of people expect this to happen because they can get extra BTC and I'm waiting for that to happen.

[CASPER_TEAM]

Same situation as with Bitcoin fork before - you ll get new currency for free

[Somz1]

It's a pointless fork where they don't even have a clear idea,they are forkin just for the sake of it,anyway free money for us I guess.
Electrum wallet (electrum.org) is a good choice to store your Bitcoins and later claim the btg when it's gets forked

[YuginKadoya]

Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

Thanks for any advice.

A lot of people expect this to happen because they can get extra BTC and I'm waiting for that to happen.

Not Extra BTC, but another dividend or Altcoin in circulation and I think you will receive a free Altcoins or BTG that you can surely trade prior to it's legalization and BTG is the first real Bitcoin dividend-coin because unlike Bcash and Segwit2X, BTG is friendly to Bitcoin they surely inform uninformed investor that it is another Altcoin in succession not like Bitcoin Cash or segwit2x that claiming the bitcoin name.

[chip211]

Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

Thanks for any advice.

A lot of people expect this to happen because they can get extra BTC and I'm waiting for that to happen.

Not Extra BTC, but another dividend or Altcoin in circulation and I think you will receive a free Altcoins or BTG that you can surely trade prior to it's legalization and BTG is the first real Bitcoin dividend-coin because unlike Bcash and Segwit2X, BTG is friendly to Bitcoin they surely inform uninformed investor that it is another Altcoin in succession not like Bitcoin Cash or segwit2x that claiming the bitcoin name.

I really do not like this even though I can get another BTC in another form, but it would have a big impact on the BTC that could be a negative and that made me nervous.
It can be said that it is trying to eat according to the successor to create value for themselves.  The abuse of hard fork makes the crypto market so dilute.

[13abyknight]

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

You need your coins to be stored in a wallet that you have the private keys to so that once the fork happens, you can use the same private key to gain access to the newly forked Bitcoin gold (or whatever it will be called)
Just make sure not to store your coins in an exchange like Coinbase because you don't have access to the private keys of your wallet and eventually won't be able to claim your Bitcoin gold.

[btcwish1]

Good information.  But after the release  how exactly we claim new btg? I have btc in payeer, coinbase.

Thanks

[djangocoin]

So long as you hold your coins (your wallet), and they are not on an exchange you'll hold the coins for both chains.

Best to not keep them on the exchange as you may only get the coins the exchange supports.

[Jating]

Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

Thanks for any advice.

A lot of people expect this to happen because they can get extra BTC and I'm waiting for that to happen.

Not Extra BTC, but another dividend or Altcoin in circulation and I think you will receive a free Altcoins or BTG that you can surely trade prior to it's legalization and BTG is the first real Bitcoin dividend-coin because unlike Bcash and Segwit2X, BTG is friendly to Bitcoin they surely inform uninformed investor that it is another Altcoin in succession not like Bitcoin Cash or segwit2x that claiming the bitcoin name.

I really do not like this even though I can get another BTC in another form, but it would have a big impact on the BTC that could be a negative and that made me nervous.
It can be said that it is trying to eat according to the successor to create value for themselves.  The abuse of hard fork makes the crypto market so dilute.

Of course we don't like it because it will just create another altcoin and somewhat investors has the tendency to stay away from the market until everything is settled down. That's why we might see another reduction in price of bitcoin when the looming November hard fork happened. Yes, it will be another trying times for us. We just need to be patience and relax until the storm has calm. I don't know the abuse though, they maybe doing it intentionally.

[vandvl]

i am waiting to if what happen after the hard fork if i have received again an extra btg like tha last fork or nothing happen...

[btcwish1]

[quote autho :Dr=djangocoin link=topic=2236518.msg22555927#msg22555927 date=1507126531]
So long as you hold your coins (your wallet), and they are not on an exchange you'll hold the coins for both chains.

Best to not keep them on the exchange as you may only get the coins the exchange supports.
[/quote]

Is coinbase an exchange? what about exodus?   so which online wallet is not an exchange? i am new in bitcoin sorry 

[Andre_Goldman]

I hope somebody will come with the idea to sell "wedding rings" with minikeys engraved inside ...


"I said YES" (block.nVersion = 1) LoL

[Sskapollo7]

Hope this thing comes to us after all our hard work against it should not disseminate although extra BTC will do !

Thanks 

[shimbark123]

I heard about this, that bitcoin will be fork again for the second time. And this time the name of the forked bitcoin is bitcoin gold. Well it is a free money so come and get that one. Just store your coins in exchangers when they announced it.

[Singwala]

Yes, your understanding is correct. You will receive BTG (Bitcoin Gold) if you are holding BTC (bitcoins) and it is 1: 1 meaning how many of you are holding bitcoin today. You will also receive BTG. And it's free and you have nothing else to do without just waiting. And you will receive it if you hold your privatekeys. We do not know what will happen at times when Hard Fork is moving. it may also affect our bitcoins.

[Halcyon Days]

Hello yhingsy,

yes, this is correct, this happens everytime BTC gets a hard fork.

Currently there is already a discussion about BTC gold in this thread, if you want to get more information: https://bitcointalk.org/index.php?topic=2211693.0

[javalemcgee]

Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

Thanks for any advice.

The ratio will be 1:1 and you will receive your forked bitcoincs without doing anything. The process will be automatic and you'll be given the new ones automatically. You have to make sure that you have them in a private wallet. Not the exchange ones, they can make problems to you.

[aoluain]

well fork it anyway, so this is a pointless fork?
lets fork the day after also, actually lets have a fork every week for fork sake

[btcwish1]

Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

Thanks for any advice.

The ratio will be 1:1 and you will receive your forked bitcoincs without doing anything. The process will be automatic and you'll be given the new ones automatically. You have to make sure that you have them in a private wallet. Not the exchange ones, they can make problems to you.

Hi,

Can you please advise which  online wallets are considered as private and will be illegible for Fork?  I have payeer, coinbase, cryptopay and exodus. Thanks