TheBTCAlex
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Merit: 100
Back from Vacation!
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October 10, 2017, 03:27:31 PM |
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This a very educative information. I want to know what you mean by desktop wallet. Is it the normal blockchain.info wallet that we all know or is it another type of wallet?
It means NOT keeping your coins in something like blockchain.info wallet, it is an online wallet. What is meant by desktop wallets are wallets like Electrum, and Bitcoin Armory, the ones that you have complete control over our money on, and where you have control of your private keys. |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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yishak
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October 10, 2017, 03:39:11 PM |
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This is a good guide. But one thing you forgot to say is to not make too much transactions until the bitcoin fork is over , cause its highly possible that a transaction might be lost during these times.
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Singbatak
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October 10, 2017, 03:54:32 PM |
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This is a good explanation for enlightening people who do not know them. Just like Bitcoin Cash we will get Bitcoins gold when the hardfork is over. The amount you get depends on how many bitcoins you hold. And you can buy it when it's available to exchangers.
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jerry0
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October 11, 2017, 01:46:26 AM |
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So are most of you getting bitcoin right before the fork? How long before the fork should you get btc? Also wouldnt it make sense to trade all your altcoin for btc before the fork just to get your bitcoin gold? Also wouldn't it make sense to buy bitcoin just to get the bitcoin gold? And if so how long before the bitcoin fork then?
And does anyone have a guess at how much bitcoin gold would be worth?
Also i assume if you havent claimed your bitcoin cash yet, well it doesn't matter and you could claim your bitcoin cash and bitcoin gold later on?
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cakra
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October 11, 2017, 03:42:39 AM |
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thanks to OP for providing very useful information.
I am also always curious about the hardfork that happened. who is the person or team behind it?
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saraamroni
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October 12, 2017, 10:36:03 AM |
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Can I get a Bitcoingold if I put my Bitcoin into bitfinex.com before 25/10 ? And Can I convert my Bitcoin to other currencies in 26/10 Without losing Bitcoin gold opportunity  ? |
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Wall-ET
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October 12, 2017, 01:49:28 PM |
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extra advice to add..
after the snapshot date.
move the coins. so that the bitcoins are no longer on private key of (ops eg:)"123456789qwertyuiop" using a bitcoin wallet.
so that while the bitcoin gold still has coins on that (ops eg:)"123456789qwertyuiop". you no longer have them on the same privkey on the bitcoin side to worry about any cross over
then.. knowing the bitcoin gold snapshot has coins on private key of "123456789qwertyuiop".
your then safer to import privkey into a bitcoingold wallet without worry of some hacker/middleman attack taking your privkey to empty your bitcoin stash..
personal note..
i prefer to think of core as the bitcoin gold altcoin. or just naming it segwit as they do NOT want it used as a peer-to-peer currency, they prefer the hub/spoke reserve currency. much like how gold transactions occur.
but then again core have always been screwed up with their buzzwords/ bait and switches and twisting the truth
BTW why there is no announce for this fork in here? is there any official post? Where can we see who is making it and how it will be working? |
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Cryptobankrup7cy
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Merit: 10
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October 12, 2017, 10:04:29 PM |
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Hello guys,
i am lit a bit new in theese "snapshots",
so its the holderts of Btc during on 25 th will receive 1 BtcGold for 1 Btc?
And also if i have 0,4 Btc in the wallet am i taking 0,4 BtcGold or i need to have at least 1 Btc ?
Thank you!
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Robertqueen2
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October 12, 2017, 10:21:09 PM |
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I am waiting to know which web wallets and which exchanges will support this new coin. In the last fork, traders who saved their bitcoin on bittrex were able to sell BCH at higher price.
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Wall-ET
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October 13, 2017, 05:58:20 AM |
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Hello guys,
i am lit a bit new in theese "snapshots",
so its the holderts of Btc during on 25 th will receive 1 BtcGold for 1 Btc?
And also if i have 0,4 Btc in the wallet am i taking 0,4 BtcGold or i need to have at least 1 Btc ?
Thank you!
Even if you have 1 satoshi (0.00000001BTC) you will get the same amount in new coin |
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krauzzer02
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October 13, 2017, 06:36:18 AM |
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We'll just wait and see what will happen on November before, during and after the fork of the bitcoin for the Gold, Bitcointalk community will also announce the date and some precautionary methods to avoid problems during the fork like the last bitcoin cash fork.
For the Bitcoin cash, everyday it continues to dump from $800 to 309 price right now. it is time to sell my bitcoin cash or just wait?
Also i think bitcoin gold is the next ETH of the bitcoin because it has a good potential, can mine through low end devices without using ASIC.
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niisarearning
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October 13, 2017, 07:20:09 AM |
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Thanks for your generous answer but what happens I keep my bitcoin in web wallet let’s say blockchain.info where I am holding access for my private key. Can able to get bitcoin gold.even till now I dint claim bcc for the holding I had in blockchain.info on august fork.
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Wall-ET
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October 13, 2017, 08:04:19 AM |
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Thanks for your generous answer but what happens I keep my bitcoin in web wallet let’s say blockchain.info where I am holding access for my private key. Can able to get bitcoin gold.even till now I dint claim bcc for the holding I had in blockchain.info on august fork.
In this case you do not have the private keys thus no access to the forked coins... EDIT: You will need a paper wallet or @ PC or Hardware wallet in order to have access to the forked coins... |
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ogoowinner
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October 13, 2017, 08:19:44 AM |
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Thanks for your generous answer but what happens I keep my bitcoin in web wallet let’s say blockchain.info where I am holding access for my private key. Can able to get bitcoin gold.even till now I dint claim bcc for the holding I had in blockchain.info on august fork.
In this case you do not have the private keys thus no access to the forked coins... EDIT: You will need a paper wallet or @ PC or Hardware wallet in order to have access to the forked coins... Until now I have only online wallet like Blockchain.info. please can you tell me how to get a good paper or hardware wallet? Thanks for this info. |
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Wall-ET
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October 13, 2017, 08:34:11 AM |
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Thanks for your generous answer but what happens I keep my bitcoin in web wallet let’s say blockchain.info where I am holding access for my private key. Can able to get bitcoin gold.even till now I dint claim bcc for the holding I had in blockchain.info on august fork.
In this case you do not have the private keys thus no access to the forked coins... EDIT: You will need a paper wallet or @ PC or Hardware wallet in order to have access to the forked coins... Until now I have only online wallet like Blockchain.info. please can you tell me how to get a good paper or hardware wallet? Thanks for this info. Well for the hardware wallet you will have to buy online and it will take time to deliver... For paper wallet you can use a javascript if you make a search here you will see one that has GitHub, so you can get it from there. then you need LiveCD (ubuntu) to boot the OS with NO internet!!! (if you like the paranoia unplug the HDD as well  ) Then you run the JS on the browser and you can generate wallets. then you print them that is all. If you have any troubles you could ask and I will try to help you. BTW do not want to give you link to the JS as it is not mine and do not want to mislead you in any way. I think the one I use (it is pretty old) is from this forum, so it is safe to say if it has a good reputation and in the [ANN] there is nobody saying there is problems with it then it is ok. |
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tbch2325
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October 13, 2017, 08:43:44 AM |
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4. How do I get some of this new FREE money called Bitcoin Gold?
Follow these steps:
1. If you have Bitcoin on an Coinbase or any other purchasing/exchange platform - MOVE IT.
2. Move it by, creating a desktop wallet for your Bitcoin and transfer the coins to that wallet.
3. Do nothing. Yep. Nada. Here is where people get confused.
4. IF YOU control the private key for your Bitcoin via a desktop wallet then YOU will have Bitcoin Gold in equal amounts.
I'm a newby to bitcoin and have put savings into a BTC exchange wallet. I dont understand this fork at all, but having read your post i think im going to purchase a hardware wallet even if its just for security! Could someone please explain how transferring my BTC from and exchange to a hardware wallet before the fork, gains me more BTC? super confused! Thanks! |
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Wall-ET
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October 13, 2017, 09:09:46 AM |
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4. How do I get some of this new FREE money called Bitcoin Gold?
Follow these steps:
1. If you have Bitcoin on an Coinbase or any other purchasing/exchange platform - MOVE IT.
2. Move it by, creating a desktop wallet for your Bitcoin and transfer the coins to that wallet.
3. Do nothing. Yep. Nada. Here is where people get confused.
4. IF YOU control the private key for your Bitcoin via a desktop wallet then YOU will have Bitcoin Gold in equal amounts.
I'm a newby to bitcoin and have put savings into a BTC exchange wallet. I dont understand this fork at all, but having read your post i think im going to purchase a hardware wallet even if its just for security! Could someone please explain how transferring my BTC from and exchange to a hardware wallet before the fork, gains me more BTC? super confused! Thanks! In the exchange you do not have access to the private keys => no access to the forked network. If you have PC/Phone/Paper/Hardware wallet then you have the private keys and have access to all forked chains If you sell the new coins you will end up with more BTC then if you keep in the exchange. There is a possibility that the exchange will support the new fork, then you will get the new coins, but that depends on the exchange will to share the coins (support them)... |
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tbch2325
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October 13, 2017, 09:15:31 AM |
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4. How do I get some of this new FREE money called Bitcoin Gold?
Follow these steps:
1. If you have Bitcoin on an Coinbase or any other purchasing/exchange platform - MOVE IT.
2. Move it by, creating a desktop wallet for your Bitcoin and transfer the coins to that wallet.
3. Do nothing. Yep. Nada. Here is where people get confused.
4. IF YOU control the private key for your Bitcoin via a desktop wallet then YOU will have Bitcoin Gold in equal amounts.
I'm a newby to bitcoin and have put savings into a BTC exchange wallet. I dont understand this fork at all, but having read your post i think im going to purchase a hardware wallet even if its just for security! Could someone please explain how transferring my BTC from and exchange to a hardware wallet before the fork, gains me more BTC? super confused! Thanks! In the exchange you do not have access to the private keys => no access to the forked network. If you have PC/Phone/Paper/Hardware wallet then you have the private keys and have access to all forked chains If you sell the new coins you will end up with more BTC then if you keep in the exchange. There is a possibility that the exchange will support the new fork, then you will get the new coins, but that depends on the exchange will to share the coins (support them)... Awesome thanks for the reply! So basically I may as well just store them to a hardware wallet, then after the fork (say beginning of December), i can transfer back to the exchange wallet and my BTC should be worth more? If i want to transfer it back that is. Have I understood that right? haha |
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Wall-ET
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October 13, 2017, 10:47:46 AM |
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4. How do I get some of this new FREE money called Bitcoin Gold?
Follow these steps:
1. If you have Bitcoin on an Coinbase or any other purchasing/exchange platform - MOVE IT.
2. Move it by, creating a desktop wallet for your Bitcoin and transfer the coins to that wallet.
3. Do nothing. Yep. Nada. Here is where people get confused.
4. IF YOU control the private key for your Bitcoin via a desktop wallet then YOU will have Bitcoin Gold in equal amounts.
I'm a newby to bitcoin and have put savings into a BTC exchange wallet. I dont understand this fork at all, but having read your post i think im going to purchase a hardware wallet even if its just for security! Could someone please explain how transferring my BTC from and exchange to a hardware wallet before the fork, gains me more BTC? super confused! Thanks! In the exchange you do not have access to the private keys => no access to the forked network. If you have PC/Phone/Paper/Hardware wallet then you have the private keys and have access to all forked chains If you sell the new coins you will end up with more BTC then if you keep in the exchange. There is a possibility that the exchange will support the new fork, then you will get the new coins, but that depends on the exchange will to share the coins (support them)... Awesome thanks for the reply! So basically I may as well just store them to a hardware wallet, then after the fork (say beginning of December), i can transfer back to the exchange wallet and my BTC should be worth more? If i want to transfer it back that is. Have I understood that right? haha Nope the BTC will be the same, but you will have Bitcoin Gold and the other x2 (if it occurs) but the amount of BTC will be the same (the price of BTC is something different) |
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tbch2325
Newbie
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Activity: 24
Merit: 0
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October 13, 2017, 12:43:13 PM |
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4. How do I get some of this new FREE money called Bitcoin Gold?
Follow these steps:
1. If you have Bitcoin on an Coinbase or any other purchasing/exchange platform - MOVE IT.
2. Move it by, creating a desktop wallet for your Bitcoin and transfer the coins to that wallet.
3. Do nothing. Yep. Nada. Here is where people get confused.
4. IF YOU control the private key for your Bitcoin via a desktop wallet then YOU will have Bitcoin Gold in equal amounts.
I'm a newby to bitcoin and have put savings into a BTC exchange wallet. I dont understand this fork at all, but having read your post i think im going to purchase a hardware wallet even if its just for security! Could someone please explain how transferring my BTC from and exchange to a hardware wallet before the fork, gains me more BTC? super confused! Thanks! In the exchange you do not have access to the private keys => no access to the forked network. If you have PC/Phone/Paper/Hardware wallet then you have the private keys and have access to all forked chains If you sell the new coins you will end up with more BTC then if you keep in the exchange. There is a possibility that the exchange will support the new fork, then you will get the new coins, but that depends on the exchange will to share the coins (support them)... Awesome thanks for the reply! So basically I may as well just store them to a hardware wallet, then after the fork (say beginning of December), i can transfer back to the exchange wallet and my BTC should be worth more? If i want to transfer it back that is. Have I understood that right? haha Nope the BTC will be the same, but you will have Bitcoin Gold and the other x2 (if it occurs) but the amount of BTC will be the same (the price of BTC is something different) Okay, but what i dont understand is how the 1 BTC on my hardware wallet somehow magically gets 1 Bitcoin Gold andd possible the other two currency? Sorry if im being dumb! Really appreciate your replies  |
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