During the Bitcoin Cash Hard Fork I Failed to Put Enough BTC Aside to Benefit.
This time around I will be much more prepared and keep my BTC in a location where I can benefit from the Bitcoin Gold HardFork. Last time Bittrex was the easiest place to keep my BTC to earn Bitcoin Cash. I hope Bittrex does it again because those first few days sure were fun!
What is Bitcoin Gold?
Led by Jack Liao, CEO of Hong Kong mining firm LightningASIC, bitcoin gold is slated to launch on October 25, with its cryptocurrency being opened to exchanges on November 1.
Styled as a rebellion of sorts, bitcoin gold aims to follow a similar launch plan as bitcoin cash the blockchain that split from bitcoin this summer by way of a "hard fork." The idea of the project is to release an improved protocol, one that will challenge bitcoin cash in particular
BGold is going to be a shit coin so sell it fast and stack the real thing ;-p
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I am with you on that...I dont think it will amount to much.
As I wrote, much ado about nothing.
BTC is king and isnt going to give up the crown.
The Chinese miners can fret all they want...Wall Street is entering the market and the average person with money who has just a sense of this sector knows Bitcoin and that is it. That is where the money will flow to.
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LOL when wall street enters.....blood usually follows!
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LOL Yes it does. However, in this instance, those snakes have similar interest as those of us holding crypto do...to make it go higher.
Wall Street needs a feeding frenzy and one thing they can do is market. Dimon is out there attacking BTC while MS and JPM along with others were loading up. What does that tell you? They might keep up the same antics throughout the rest of the year to try and influence the price downward. However, look for them to reverse the rhetoric come 2018 and start talking up cryptocurrencies. At that point, they will be selling to all their clients and raking in commissions (while watching the value of their holdings go up).
They are snakes but, at least, they are predictable....
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@hilarski , @g-dubs , and @taskmaster4450 I would say, lets hold BTC to get the free air money it comes from the fork, and then do with it what ever are our plans. Perhaps sell it and get more STEEM? Just upvoted. @gold84
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Yep, cheap coin that can be mined with GPU... Surely try to sell it at highest price possible...
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What is the real thing??
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The real bitcoin. Honey badger.
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Good reminder.
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We learned with the bch to hold bitcoin :)
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I fear bitcoin forks give detractors on all sides reason to declare that Crypto is being pumped up by the artificial market cap, a ICO/Fork bubble, but at the same time I'm looking for a dip so I guess let it happen haha!
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Does anyone know where to hold their BTC so they get Bitcoin Gold..and most people were also says BCC is crap
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Getting free money is always a good thing. I have not seen announcements yet.
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Yup, was not complaining about BCC when I got it..and i am still holding.
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Good update information about Bitcoin Gold.
We can update new version stories because your posts.
Thank you @hilarski
Upvoted
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im waiting this fork asf :) great infromation bro :) keep going ..upvoted and followed :)
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update information about Bitcoin Gold @hilarski
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I read the title and thought you were saying to HODL because you believe in BTC but I take it from the article that you are looking to HODL to the split to take the free coins.
Personally, I think this fork is much ado about nothing. People seem to think it is a big deal when, Bitcoin Cash, got a lot more pub and look at it. The coin is 1/10 BTC and showing no signs of catching up.
BTC is king and I dont think anyone is knocking it off soon. Anyone hodling BTC over the next couple years should do very well.
Thanks for the post as always.
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I am going to get my free Bitcoin Gold. That is a dividend as far as I am concerned. Free money? Where do I sign up?
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Maybe you can tell me...where does the BTC need to reside to get the BCG (or whatever they are using)?
I heard the exchanges might not transfer it over. I have most of my BTC in a paper wallet and the rest on a Nano.
What do I need to do?
Thanks for your guidance.
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Ever notice that every hard fork of bitcoin comes out of China. With all the crack downs on ICOs there I kind of see this being a DOA coin or am I totally wrong?
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Yup, China is far from finished with Crypto.
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i think bit coin hold should be a wise decession.
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@hilarski,
If I am not mistaken BTC Gold will come with PoW/PoS module!So, basiacally this is not BTC anymore :D Something like ETH! Anyway if chain split that means we can earn few BTC Gold for our BTC stock and then we can sell them :D That's what I experienced in last Soft Fork!
Thank you very much for providing this useful information with us!
Cheers~
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This man understands!!
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@hilarski,
Last time I was a big fool and converted all BTC to LTC :D Then BCH was free and it hit $500 :/ Just imagine how I feel it :D
Cheers~
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Bitcoin best! Hilarski
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The market does not like repeating itself, so it is possible that bitcoin will be below current levels at fork date (all traders play the past trend and expect a repeat of the situation before August 1).
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Oh again a Hardfork...? 😔
Little bit concerned.. I don't know how many coin will born from Bitcoins in the future.. Anyway better to HODL..
Thanks for your informed about bitcoingold.. Let's see what will happen..
Upvoted and Steem on..😊
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Thanks sir for info
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Thanks for the update. Who isn't all in for free Bitcoin Gold!
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oh boy Bitcoin Gold.. hopefully, bittrex will be good. :)
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As with bitcoin cash, expect an immediate selloff until a nice level of support, then a retracement to a high selling point. It's most wise to HODL the new fork until the retracement begins vs. selling off in the first huge wave. This allows us to gauge market conditions.
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Bitcoin Cash went to almost $1000 in the first 48 hours. I sold at $600 about 24 hours too early.
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There is a ton of uncertainty especially when only a few exchanges are open accepting the fork. This was the case with bitcoin cash, only one exchange or another was accepting trades, and most of them were only accepting trades for those who held BTC on that exchange. I took a few days to allow everyone to deposit the new bitcoin cash from cold/hard wallets before the full market could settle on a price.
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I think this will happen again, the main thing is to be ready for it.
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Great bitcoin information. Thanks @hilarski
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This may kill the belief of the people in bitcoin cash and bitcoin gold because so frequently hard forking is not a good idea I think.
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realy nice post i like it.
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Congratulations @hilarski! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
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another fork.. it sounds a bit ridicolous to me.. how many fake bitcoins there will be in 1 year?!
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I think this will happen again, the main thing is to be ready for it.
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Wondering if any exchange like bittrex already announced that they will give the new coin to BTC holder?...
That would be the best way to go, as last hardfork showed us...
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Thank you for the info..God Bless You.
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newly updated information.....you throw in your post... ..thank you sir..
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@hilarski thanks for reminding us about the free money that is coming. Hard forks of abitcoin are also sinonym of free money. Just upvoted. @gold84
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Great information, thanks.
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nice updates....
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shit coin so sell it fast and stack the real thing yes ;
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Helpful post. Great intro to BGold for beginners
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Thanks for the information of bitcoin gold.good update
@hilarski
have a nice day
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Thanks for letting me know. I'll keep an eye on it.
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Bgold may not be that attractive as even Bitcoin cash but sure to have some free gifts, so sell it the moment u get, and take it at a lower level, if u want to.
thank you so much
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Another hardfork means another free money. Mine I keep it on my coinomi wallet and get my fair share.
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@hilarski - Oh Sir, this is a big news for me. Nice you decided to share this info Sir. What should we if that happens Sir? Shall we hodl BTC or sell them? Love to hear from you Sir <3
+W+ [UpVoted & ReSteemed]
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Gold is going to be a shit coin.thanks for sharing..
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What would be the price of bitcoin Gold?
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Yes, the main thing is that the Bitrix exchange does not fail us :)
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I upvote and followed you, appreciate if you can do the same. Cheers
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The miners want to take control!
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time to grab some btc gold
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amigo #resteemia at your service
too much drama & too much bitcoins :) valuable update @hilarski
ReSteemia
'UpVoted ReSteemed Commented'
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This post has been ranked within the top 50 most undervalued posts in the first half of Oct 04. We estimate that this post is undervalued by $21.84 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Oct 04 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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Hey, I am new to the crypto world, but made decent profits since the two months I joined.
Please, can you suggest where I can learn about technical terms like a hard fork?
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So just by having bitcoin in an approved wallet or exchange will get you "free" gold like with bit coin cash?
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You know, you can't always use the past to predict the future. There certainly are limitations on the Bitcoin blockchain. It does have a branding advantage, but for those concerned with long term investing, it behooves you to try and figure out which coins actually have good answers to the logistical and marketing problems faced by technologies in this space. And that's not easy to do, and the real answer probably isn't as simple as just "hodl ur btc"
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Come On, hard fork again? LOL I'm tired with it :)
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Thanks for share, bitcoin update information.
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Thanks for sharing information.
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Thank you Stanley!
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#irony #spam #enjoyadownvote
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I comment if the comment is relevant to the post.
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