Bitcoin gold fork

[bitcoinfactory]

Hey I'm in the same boat as OP here, I'm currently using a blockchain.info wallet.

- Is this a proper wallet?
- Will i just receive the btc straight into there and i don't have to do anything?
- IF NOT, would it go straight into a paper wallet?

Thanks guys

[Hero_Slayer]

This is so confusing..

[mobnepal]

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.

Yes you will get coin equal to any amount of bitcoin you will have in your bitcoin address.

Lots of exchange platform might support the forked coin just after the split if it will have enough community support or demand. Bittrex for example enabled bitcoin cash trading just after few days of fork on last august.

However it is advised to save bitcoin in paper wallet so that you can import that bitcoin address in any wallet that will support forked coin in future. You can than move those forked coins you will receive after split.

[d5000]

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

Coinbase, Cryptopay and very probably Payeer are not "proper" wallets. "Your" Bitcoins there are controlled by a third party. Exodus seems to give you a proper private key, but I never used it so I don't know how to download the key.

If you don't want to download a wallet like Electrum you can transfer your BTC to one of these online wallets (according to https://bitcoin.org/en/wallets/web/, look there for more information!):

- Green Address
- BitGo
- BTC.com
- Coin.Space

Hey I'm in the same boat as OP here, I'm currently using a blockchain.info wallet.
- Is this a proper wallet?

Blockchain.info: Yes, you can use it because they give you the private keys of all addresses. You however will have to convert them, probably, into the format used by the Bitcoin Gold wallet.

- Will i just receive the btc straight into there and i don't have to do anything?
- IF NOT, would it go straight into a paper wallet?

You would most likely have to download a "real" client (=a dedicated software app) from the "Bitcoin Gold" team and import the private key you exported from your wallet (e.g. Blockchain.info or Exodus) into this application. Then you could use the private keys.

You can do that when you want - there is no "deadline" or something similar, because your private key will be valid on both chains, BTC and BTC Gold.

[jossiel]

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?

Yes, as long as the wallet you have your bitcoins will support bitcoin or better put it on a wallet that contains your private keys so that you will not have any troubles at all.

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).

As stated above, use those wallets that has your private keys and just like the same what happened with the hard fork during bitcoin cash.

For more info about Bitcoin Gold a.k.a Bitcoin GPU try to read it here -- https://bitcointalk.org/index.php?topic=2133536.0

[emberbekas]

Bitcoin will split again? This means another free money for bitcoin holders. This for sure a great opportunity for us. We can start buy more bitcoin and hold it on our own wallet till the fork happened.

[Hui8]

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.

(I might be new, but I'm not stupid enough to send my coin to you ;-)

I laughed at this sentence when I read it. Lols. Don't worry nobody is going steal your money here, this is trusted forum ever and people are here to help. :-)


Speaking about the hard fork I'm sure that everyone will have the goodies for keeping the bitcoin in their bitcoin wallet. With my last experience I'm sure we have to keep the bitcoin into wallet for which we hold the private keys. For example, electrum, bitcoin core etc, these are the bestest wallet to face the fork. So all the best holding money over there.

[Rinaze]

I think Bitcoin Gold has even less reason to exist when compared to BCH (both exist because of human greed actually). At lease Bitcoin Cash claimed to be the original vision of Satoshi Nakamoto. I see Bitcoin Gold to have the least chance to get mass adopted eventually as well.

[Marry Finch]

The BitcoinGold coin will automatically appear in those digital wallets, where bitcoins will be placed on the day of the fork. Therefore, anyone who wants to get this coin for free must have a bitcoin in his purse.

[overlooker]

Any statements from exchanges on this fork?

Anyway, this is clearly pointless fork, however, since forks can be made anytime, its value may be to persuade people that forks are useless and ignore them in the future. Value of the forked coins will be less and less every time, so soon it will not be even worth trying to sell it..

[sagarnyc]

I guess nobody knows until now what will happen with upcoming fork in November but this is great article to get educated by the founder of bitcoin and ex CTO of coinbase https://masterthecrypto.com/coinbase-segwit2x-hardfork/.

[noictib]

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.

I think here we can't say surely that everything is like case of bitcoin cash origin , Here you can see very well that hard fork doesn't meant to origin of new Coin always .
There remains always different different chances to happen new new things ( as stated in the official announcement in this forum before hard fork in bitcoin ) .
Here you need to understand well that if you have bitcoin then you should have your btc in your wallet and also needed to ready to see the official announcement Because no one can say exactly but probabilityof happening the incident is big thing here because anything can happen .
So here you should atleast have btc in your wallet official Wallet or in Any Wallet that have private key and you own the private key .
So that if new coin generate then you can easily access that coin .

[rfcdejong]

In my opinion, that gold bitcoin has no prospects. It, perhaps, the exchange will not support. At bcc was a major mining pools so stock exchanges and wallets supported him.

[perazdera]

Hey I'm in the same boat as OP here, I'm currently using a blockchain.info wallet.
- Is this a proper wallet?

Blockchain.info: Yes, you can use it because they give you the private keys of all addresses. You however will have to convert them, probably, into the format used by the Bitcoin Gold wallet.

How to convert them via Blockchain.info? Can someone explain how the conversion happened with Bitcoin Cash if Bitcoin Gold conversion will be same as Bitcoin Cash?

[stompix]

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

Quite possible it will turn out like that. One new bitcoin every day.
After all everybody cheeps up for free helicopter money. This until the coins dropped will have 0 value.

Either way , bitcoin gold claims to be a coin for the small miners, to get rid of corporations running asics , bla bla , lot of socialist propaganda, poor English, chinese "developer", a coin that should die in less than one month in a normal world.

I guess nobody knows until now what will happen with upcoming fork in November but this is great article to get educated by the founder of bitcoin and ex CTO of coinbase https://masterthecrypto.com/coinbase-segwit2x-hardfork/.

That is the segwit2x hard fork.
This one is a simple fork creating a new coin while the main chain continues it's own way.

[eaLiTy]

Bitcoin will split again? This means another free money for bitcoin holders. This for sure a great opportunity for us. We can start buy more bitcoin and hold it on our own wallet till the fork happened.

Yes there is a fork coming up and there is a high possibility of another fork ,it is free money for sure if the split coin has any value.

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).

All you have to do is save your coins in you own wallet and not in online wallets or exchanges before the fork and it will be there in your wallet if the split happens and you do not have to do anything until the spit coin comes up with their wallet to shift your coins.

[xaxistech]

I will transfer my btc to btc.com wallet at the beggining, so i will wait until i receive the equal amount of bitcoin gold, and then i will transfer my btc to my offline wallet, this is the same as i did when the first fork happened on august 1nd, obviously i will dump my bitcoin gold right after receiving them, i would not wait until the price reaches XX because i dont believe in any of the forked coins.

[Aura]

I'm not really informed about this specific fork but you should get your Bitcoin Gold without doing anything.
You just need to be sure that your (secret) private key is in your possession, most desktop wallets provide this feature.
When the fork happens an equivalent amount of Bitcoin Gold will be stored on your address.
After the fork can you access it by using a client for the specific fork and then importing the keys.

[d5000]

How to convert them via Blockchain.info? Can someone explain how the conversion happened with Bitcoin Cash if Bitcoin Gold conversion will be same as Bitcoin Cash?

It is a bit complicated - much more so than with the "old" blockchain.info wallets before 2015 - because Blockchain.info now uses "BIP39" addresses. That means roughly that you have a "seed phrase" which is a kind of "master password" for all your addresses. But each address still has its own private key, so it's a bit confusing ...

A tutorial is here:

How to export Blockchain wallet private key.

Really, you should do this step by step and download the BIP39 generator page,  NOT using an online BIP39 generator - it may be malware!

Once you have the private keys, you import them one by one into your new "ForkBTC" client - the process is different for each client software.

[aryaadikariyansyahsuwarto]

my advice you should always be careful in every act, especially in terms of sending to someone else's wallet wallet, make sure the address you enter is correct, because a little mistake it can be beneficial for others but harm to you. that's all my advice, whatever you do, you must be careful and do not carelessly accept the information that comes to you.