RE: Why Bitcoin Could Reach $23,000 Soon

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Why Bitcoin Could Reach $23,000 Soon

in bitcoin •  7 years ago 

As a small time miner im really fliping between getting ETH and BTC payouts. Since my plan is to mine and HODL do you think its currently better to get BTC and move it to a local wallet so i get "free money" during the fork like you said in one of your last videos. I hope i understand correctly that during a fork you keep your BTC and get some other currency for free?

Oh also since i have a few DOGE do you have ANY idea whats driving its price up? Is it people just saying "Oh it cost so little if it gets to 1$ ill be rich"?
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  ·  7 years ago (edited)

@gothika Before the announced block size you need to have BTC stored in such a way that you have access to your private key (via software wallet or HW wallet). Here is an example of how you could have claimed BTG: https://99bitcoins.com/how-to-claim-bitcoin-gold-btg-guide/

I think I might have some little amount of btc in an old wallet so I might try that. Also I will wait for the new fork I guess.
Also some one told me something about zclasic having something similar.