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MrCrank
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October 15, 2017, 05:00:24 PM
 #21

It's bet to man up and get your node running. All these forks are forks of Bitcoin Core, so if you run a Bitcoin Core node, you will have instantly access to your coins by copy-pasting the blockchain files, you will just need to wait for the blockchain files to be validated which can be a pain in the ass depending on the power of your computer, but I think a day or two max.

Running a full node is ideal for receiving payments. But what you're saying here doesn't add up. Electrum users can simply export the private key to any keys that controlled BTC before the fork.

If there's replay protection, they can simply move their legacy coins first, then export the "empty" private keys into a Bitcoin Gold wallet (or whichever fork). If there's no replay protection, it's best to wait a while after the fork to make any transactions, until it's very clear how to safely split your coins, but I see no reason why a Core wallet is necessary to do so. Technically, one can split coins via nLocktime + RBF in Electrum, although it is not ideal for beginners, as you need command line and nLocktime isn't covered in Electrum's command line documentation.

Agree with you. Electrum is the best and safety app.. I use it too.
I'm interested how much will be cost Bitcoin Gold after fork?
I think that price will be Bitcoin Gold = 1/2 of Bitcoin.

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October 15, 2017, 06:03:26 PM
 #22

Bitcoin gold is waiting too, that bitcoin cash ...
Is that the miners will support for a while, until the complexity will fly to the moon.

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October 16, 2017, 09:48:30 AM
 #23

Fork may happen every now and then right. but prices are independent.


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October 16, 2017, 01:10:31 PM
 #24

Yes Bitcoin Gold. is another hard fork that will bring some changes to the ecosystem.
If you’re a holder, there isn’t that much to fear here, and there may be some free money in it for you

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October 16, 2017, 04:45:05 PM
 #25

Yes Bitcoin Gold. is another hard fork that will bring some changes to the ecosystem.
If you’re a holder, there isn’t that much to fear here, and there may be some free money in it for you

Exactly, this is only thing that Bitcoin gold will represent, extra free money. To my opinion in cryptocurrencies system if will not have any significant influence or value, especialy not on long term, just like Bitcoin cash.
So, there is nothing to fear about and it will not represent any competition for Bitcoin just pay attention where you store your coins.

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October 16, 2017, 05:31:55 PM
 #26

Hello all,

I am owning some bitcoins and other alt coins since a while and I have been reading a lot over here in stealth modus, really helpful.

Now there is a fork coming up and I am confused;
As far as I can see a fork is like a share split of a company.  Like Pfizer dId with zoetis in the US.  The owners of shares in Pfizer also get shares in zoetis for free, right?

Now let's say I have my bitcoin stored at coinbase.  Do I automatically get the fork shares? Does coinbase support it? Or do I have to put them in a different wallet?
Do I have to claim them?

That is unclear to me. Maybe somebody can help me and probably some others out on this subject?

Yes, there are actually 2 forks happening within the next month. Bitcoin Gold (BTG) should happen sometime next week and Bitcoin Segwit2x (B2X) should happen around mid-November.

All you have to do is make sure that you have your bitcoins in a wallet where you have access to your private keys at the time of those 2 forks, with a warning.

The warning is that you should be careful about moving your coins around the time of the fork, as they could lead to the other coins (BTG & B2X) being moved as well (you can imagine the coins as initially being "stuck together").

You should wait for news and announcements by the devs, stating that the chains are all stable, before moving your coins.
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October 16, 2017, 08:52:09 PM
 #27

Yes, there are actually 2 forks happening within the next month. Bitcoin Gold (BTG) should happen sometime next week and Bitcoin Segwit2x (B2X) should happen around mid-November.

All you have to do is make sure that you have your bitcoins in a wallet where you have access to your private keys at the time of those 2 forks, with a warning.

The warning is that you should be careful about moving your coins around the time of the fork, as they could lead to the other coins (BTG & B2X) being moved as well (you can imagine the coins as initially being "stuck together").

You should wait for news and announcements by the devs, stating that the chains are all stable, before moving your coins.

Is there still no word on replay protection from the Bitcoin Gold developers? Now that I think about it, is there even code that is publicly available yet? It seems like they are setting themselves up for failure with the lack of preparedness and publicity. Maybe that's the point -- get everyone sick and tired of these forks, which reinforces the notion that the legacy chain is the true Bitcoin, and that the hard forks are just altcoins. Roger Ver must be pretty worried right now...

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October 17, 2017, 01:50:24 AM
 #28

Is there still no word on replay protection from the Bitcoin Gold developers? Now that I think about it, is there even code that is publicly available yet? It seems like they are setting themselves up for failure with the lack of preparedness and publicity. Maybe that's the point -- get everyone sick and tired of these forks, which reinforces the notion that the legacy chain is the true Bitcoin, and that the hard forks are just altcoins. Roger Ver must be pretty worried right now...

Haha, indeed! Roger must be trying to "rally the [non-existent] troops!"

No news and couldn't find any code for BTG either. I hadn't thought about that, they may indeed have done it to emphasize how absurd it is getting, if so, hats off to them! Clever political move.
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October 17, 2017, 04:44:39 AM
 #29

many possibilities will happen after hardfork. the good news, for those who have bitcoin will get bitcoin gold in november later. I last night read articles that discuss about what things can be done before and after the occurrence of hardfork. following the link https://bitcoinmagazine.com/articles/bitcoin-beginners-guide-surviving-bgold-and-segwit2x-forks/, hope it helps.

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October 17, 2017, 05:46:58 PM
 #30

Hello all,

I am owning some bitcoins and other alt coins since a while and I have been reading a lot over here in stealth modus, really helpful.

Now there is a fork coming up and I am confused;
As far as I can see a fork is like a share split of a company.  Like Pfizer dId with zoetis in the US.  The owners of shares in Pfizer also get shares in zoetis for free, right?

If you own BTC at the time of a hardfork, you also own BCH, Bitcoin Gold, B2X, etc on the new fork. For each 1 BTC you get 1 BCH, 1 Bitcoin Gold, 1 B2X, etc.

It's basically like someone created a new bank account for you, mirroring your balance by using your old account statements, but at a new bank and with a new currency.


Now let's say I have my bitcoin stored at coinbase.  Do I automatically get the fork shares? Does coinbase support it? Or do I have to put them in a different wallet?
Do I have to claim them?

That is unclear to me. Maybe somebody can help me and probably some others out on this subject?

Coinbase supporting Bitcoin Gold seems unlikely. So far it looks like Coinbase will support B2X, but I wouldn't bet on it unless they renew their commitment in an official statement.

If you want to access fork coins that Coinbase does not support, you need to move your BTC to a wallet of your own before the fork happens. Don't forget to account for confirmation times. A wallet of your own is a wallet like Electrum or Bitcoin Core, ie. a wallet where you have direct access to your own private keys.

After the fork you need to import these private keys (or the recovery seed words) into a wallet that supports Bitcoin Gold or B2X respectively. Using the wallet of the respective Bitcoin fork, you can freely access your coins. However you don't need to "claim" them or access them right away. As long as you have the private keys you can access your forked coins any time in the future.
Thank you, that was helpful. Although I own only 2.8 BTC, it is still much and I don't want to lose them. I was searching for such a good explanation and I found it, thankfully to you!
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October 19, 2017, 12:12:12 PM
 #31

Most prefer hard wallets and electrum is the most popular. I doubt Coinbase will credit Bitcoin Gold too. I also have some bitcoins in bittrex and I hope they will credit the fork like what they did before.

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October 19, 2017, 03:55:45 PM
 #32

....
If you want to access fork coins that Coinbase does not support, you need to move your BTC to a wallet of your own before the fork happens. Don't forget to account for confirmation times. A wallet of your own is a wallet like Electrum or Bitcoin Core, ie. a wallet where you have direct access to your own private keys.

After the fork you need to import these private keys (or the recovery seed words) into a wallet that supports Bitcoin Gold or B2X respectively. Using the wallet of the respective Bitcoin fork, you can freely access your coins. However you don't need to "claim" them or access them right away. As long as you have the private keys you can access your forked coins any time in the future.

This was the answer that I have been looking for! Thanks!!!

If I can just add to that. Make sure you transfer the coins to a wallet, where only YOU have access to the private key and

not a service or online wallet where you share the access to these private keys. I prefer to transfer it to a paper wallet as a

interim measure and once the fork was done, to split whatever is on there to whatever wallet that supports the new

coins. {This gives YOU full control}  Cool

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probitcrypto
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October 20, 2017, 04:02:39 PM
 #33

You should definetly store your Bitcoins on a wallet which you have full control over.
I would not recommend to use an online wallet. Thats the only way to ensure you will own both coins after the fork.
Once the fork appears there are 2 coins which share the same block history (until "fork-block").
This means for every BTC you own, "you will get" one forked coin (simply by still owning the private key which has value at the time of the fork).
But there is no guarantee for you to get your forked coin from web wallet provider.
Electrum is a nice light weight wallet (does not download full blockchain).

Today I downloaded electrum wallet,but i am confused there is a address tab and i can see there are many address listed there,Those are my address?or this wallet changes address every time i want to receive bitcoins.I have made 2fa verification on there does that cost me extra money if so how much it will be,
I am new could anyone help?
zlatan0209
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October 20, 2017, 07:13:09 PM
 #34

Hello all,

I am owning some bitcoins and other alt coins since a while and I have been reading a lot over here in stealth modus, really helpful.

Now there is a fork coming up and I am confused;
As far as I can see a fork is like a share split of a company.  Like Pfizer dId with zoetis in the US.  The owners of shares in Pfizer also get shares in zoetis for free, right?

If you own BTC at the time of a hardfork, you also own BCH, Bitcoin Gold, B2X, etc on the new fork. For each 1 BTC you get 1 BCH, 1 Bitcoin Gold, 1 B2X, etc.

It's basically like someone created a new bank account for you, mirroring your balance by using your old account statements, but at a new bank and with a new currency.


Now let's say I have my bitcoin stored at coinbase.  Do I automatically get the fork shares? Does coinbase support it? Or do I have to put them in a different wallet?
Do I have to claim them?

That is unclear to me. Maybe somebody can help me and probably some others out on this subject?

Coinbase supporting Bitcoin Gold seems unlikely. So far it looks like Coinbase will support B2X, but I wouldn't bet on it unless they renew their commitment in an official statement.

If you want to access fork coins that Coinbase does not support, you need to move your BTC to a wallet of your own before the fork happens. Don't forget to account for confirmation times. A wallet of your own is a wallet like Electrum or Bitcoin Core, ie. a wallet where you have direct access to your own private keys.

After the fork you need to import these private keys (or the recovery seed words) into a wallet that supports Bitcoin Gold or B2X respectively. Using the wallet of the respective Bitcoin fork, you can freely access your coins. However you don't need to "claim" them or access them right away. As long as you have the private keys you can access your forked coins any time in the future.
Thanks for the answer, any dvice on wich wallet to use for BCG after the fork happens?
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October 20, 2017, 08:27:07 PM
 #35

Will there be 3 new chans now (core +2(gold and sw2x) ? why the core is not accepting the 2x upgrade?
Nisharawal
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October 21, 2017, 06:20:30 AM
 #36

Yes everybody are thinking a lot on Hardfork, during the hardfork of bitcoin cash even i was scared whether hardfork will ruin my bitcoin balance, actually i was unaware of that. But after learning from this forum threads i got to know how it is working. Bitcoin holder during the hardfork will get the bonus stake of bitcoin gold, B2X etc. I don't know coinbase have committed about this on thier site or any email letter. but yes i will wait for strong confirmation message from the exchanges. I am  also looking for the message's from Bittrex exchange and few other Bitcoin related news site's and blogs.
 

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October 21, 2017, 05:19:45 PM
 #37

You should never be storing your coins on a online wallet / exchange.
There is no guarantee coinbase is going to pay you those BTG out.
Coinbase has the control over your private keys (the real bitcoins). You only have an account on their website which gives you "the right" to send coins.
In case of a fork coinbase is in charge of the BTG coins. They may give them to you.. or they dont.
I would recommend to download a wallet for your PC (you can download a light weight wallet e.g. electrum)


Today I downloaded electrum wallet,but i am confused there is a address tab and i can see there are many address listed there,Those are my address?or this wallet changes address every time i want to receive bitcoins.I have made 2fa verification on there does that cost me extra money if so how much it will be,
I am new could anyone help?

Yes, those are all your addresses.
Electrum generates a new address for every transaction (for privacy reasons).
Those are all addresses which you are in control of.

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illyiller
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October 21, 2017, 08:36:56 PM
 #38

Will there be 3 new chans now (core +2(gold and sw2x) ? why the core is not accepting the 2x upgrade?

Because there is no consensus behind this "upgrade." Much of the user base does not appear to view it as an "upgrade" at all, but rather as an attack and form of coercion brought by industrial miners and VC-backed corporations. I think that there are developers within Core who are open to future block size increases, but not at the cost of ignoring the user base. And certainly not on a timeline of 2-3 months. That's crazy. Most people probably don't regularly upgrade their node software, so how can anyone expect to coordinate a fork on this timeline?

The Gold hard fork is not coordinated with miners (it changes the POW), so it's really of no concern. It's just (yet) another altcoin. If it goes somewhere, maybe we'll get some free BTC out of it.

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October 22, 2017, 05:07:48 AM
 #39

I need to move some BTC around the 1st or 2nd.

Is there a decent guide to split my coins as fast and safely as possible?  Is there a particular wallet that is gonna be best for this process?
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October 22, 2017, 06:13:48 AM
 #40

I need to move some BTC around the 1st or 2nd.

Is there a decent guide to split my coins as fast and safely as possible?  Is there a particular wallet that is gonna be best for this process?

There was a guide that was written here a few months ago on how to claim secondary coins from a split. Look for the tutorial for the BCH one as it will mostly be the same process as Bitcoin Gold. For wallets, I prefer using Electrum since it is light, but if you can run Core then it is better.

Regarding the tutorial, you can check this link out.

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