The Bitcoin Gold Hardfork is What is Happening.
Just like when Bitcoin Cash was created, holders of Bitcoin will automatically get an equivalent amount of Bitcoin Gold for all of the Bitcoin they hold. If you hold the keys to your Bitcoin you will automatically get your Bitcoin Gold in your wallet.
Who will support & match your BTC balance?
Bitfinex
New CFD exchange - Bitstar
Bitexchange
More exchanges supporting the fork are sure to be announced. I capitalized big time on Bitcoin Cash when they showed up in my Bittrex wallet. Hopefully they will support Bitcoin Gold also.
See @RevNissan's Post, Bitcoingold's (BTG) hardfork on October 25th
But My Altcoins are Getting Hammered!
Now this event makes for an interesting time in the altcoin markets. People are FOMOing all over the place, selling their alts so that they can prepare for the upcoming fork. I personally did it a few days ago. This weekend the FOMO has kicked in big time. This means that stop orders are causing the alts to tumble. This equals blood in the streets.
What Are Your Options for the Bitcoin Gold Hardfork?
1. Sell Your Altcoins and Move into Bitcoin.
2. Sell Your Altcoins and use Leverage on Exchanges Like Bitmex.
3. Buy More Altcoins and Wait for the Post Bitcoin Gold Hard Fork Profits.
4. Hold Your Altcoins and Not Fall Victim to FOMO because they will be back.
If it turns out to be anything like the Bitcoin Cash Fork we will all be wealthier for it; 1 + 1 = 2.5
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Realy, If it turns out to be anything like the Bitcoin Cash Fork we will all be wealthier for it; 1 + 1 = 2.5
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Its sell your altcoin and move to bitcoin then move your bitcoin to a offline wallet, before the hard fork, then after the fork u can always put your btc back on exchanges a buy the altcoin back, they aren't running anywhere
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I am holding my alt coins through and will buy more while they are "on sale". I'm no expert. But I hope it works out for both the alt coin sellers and holders.
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Smart money will probably adhere to options 3 and 4 and so will I.
It will be a good opportunity to accumulate discounted altcoins with long-term potential.
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I dont know if I am smart but I do agree with you on that...I am in the 3 and 4 camp.
My entire premise with cryptocurrencies is long term. I figure BTC, LTC, Steem, ETH, and a bunch of other altcoins will be worth a lot more in the future.
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Last time everyone expected a disastrous BCH fork (which turned out quite succesful) while this time everyone expects risk free profit by liquidating altcoins and jumping on the Bitcoin Gold wagon.
But a chain fork does not necessarily generate value out of thin air, the last time we just saw a positive dissolution of pre-fork uncertainty boosting both BTC and BCH. I'm not so sure this will repeat with the inverted market expectations that we have now.
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amigo #resteemia at your service
that's why we called them as alts. when alpha walks alts bleed. so collect alpha & make more free btc gold ;) excellent post @hilarski
ReSteemia
'UpVoted ReSteemed Commented'
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I am new to crypto so thanks for this information! My question is how many of these forks are we predicting in the future? If these bitcoin forks become somewhat of a regular occurrence, then wouldn't just buying, accumulating, and holding bitcoin be the best strategy to maximize profit?
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I have no idea but sticking to Bitcoin never hurts.
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I'm in got bitcoin... small stake but investing as I go. . ..
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I'm sticking to 3 and 4 mostly. I've got some nice long trades locked in for my alts that I am very happy with. It will be interesting to see how the Bitcoin Gold fork plays out though. I'd like to remind everyone that holding your private keys is a better idea than letting an exchange deal with it for you. Who knows how long those exchanges will wait before giving you your coins.
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Bittrex was super quick last time. I agree that people should hold their keys.
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Yea, people that had their BTC on Bittrex got the best deal as they could sell they BCH stash at the highest prices. In hindsight, it was the smartest move to have your btc sitting on Bittrex. Will that be the case with Bitcoin Gold and the 2X split? I don't know.
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nice post @hilarski, i will go with 1st option move into bitcoin.
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Excellent post @hilarski I have moved to bitcoin and hold it for future.thanks for sharing
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Great question, on the last fork with Bitfinex gave the coins for Bitcoin, that's all and translate the Alts into bitcoin, that would learn the extra coins. Although Bitcoin. org strongly condemns the fork. Thank you @hilarski
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FUDOMO ... I thought it would sound worse than it does, or harder to speak. But, its not.
Fear uncertainty and Doubt of missing out.
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Good one! It has a nice ring to it.
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I will be holding. I don't let FOMO make my decisions for me.
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I have already moved to bitcoin and hold it for long time.
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Good post
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Great post .good work
100% like and resteem
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it would be ok but bitcoin gold has premine
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Bitcoin Gold does not exist yet.
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Bitcoin Gold has a plan to premine https://github.com/BTCGPU/BTCGPU/pull/2
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First I heard of it, but 16,000 blocks would be about 200,000 coins right? I thought I read 12 per block.
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yep
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It would be good if you told about this in your post :)
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Good information, keep mining and then wait for the day. Apparently this is to help get miners back.
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Bitcoin top, excellent post
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@hilarski..
Thanks for your suggestions.. Inded I wil sell my Altcoins and Move into Bitcoin..
I really appreciate your effort..
upvoted and cheers..
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Very informative post, I am seeing the future of bitcoin will be very great and bright.Thanks for sharing such optimism and fact. Have a great day friend.
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Tweeted
https://twitter.com/RandyHilarski/status/917058213723426816
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well that's an interesting question, i did like to hold altcoins and not fall victim to FOMO because they will be back.
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Yes they will with a vengeance.
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Very valuable post Sir...
Upvote
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I'm going with 3 & 4. Holding for now, and setting up some really low buy orders for taking advantage of any dips in the major alt coins. Will be even more awesome if Polo/Bittrex supports BTG...
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Thanks for your information of Btc ,
Thanks @hilarski
Have a nice day
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first option would be great btw thanks for the info Boss :)
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For your post propagation.
Upvote/Resteem
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Great update . thanks for sharing.
Upvote Resteem
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oooh nice thanks alot for infoming me on time :) so where can i get more info on this bitcoin gold?
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hoping bittrex too get in the list :D
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@hilarski,
This time I will definitely sell all ALTs and buy BTC! I won't do the same mistake again!
Cheers~
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@hilarski - Oh Sir, this is a very useful guided for us. I'm still very confused Sir :(
+W+ [UpVoted & ReSteemed]
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Hi @hilarski, Thanks for the valuable advice. I bought some Bitcoins today and I'm going to hold them. By the way, I never heard of Bitmex before. I will check it in detail.
Keep sharing, caring and inspiring. Stay awesome.
Steem On!
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Please be careful using leverage. I never trade at more than 25X leverage. Anything above that and you can get in trouble quickly. I prefer to trade at 10-15X. If the market is super bullish I will use 25X.
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I see. Dear @hilarski, thanks for the advice. This means a lot to me. Hats off. By the way, do you have a YouTube channel where you post daily advice on crypto?
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Bitcoin is in the top now. We should hold up it.
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Hiiii @hilarski, very informational and valuable article, you done a great job for updating such news,. Bitcoin is my option,. Appreciation to you for your effort to community,,,... FOLLOW
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3 And 4 is best options for me
I'm longholder :)
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do you know if bittrex will support it?
By the way is really bad that every time there is always a new fork.
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I think people these days are all moving into BTC waiting for the fork and get some more “free” bitcoin gold. I don’t know what bitcoin gold’s price will be but like bitcoin cash I think we will see another pump and dump in this one as people shift bitcoin gold to original BTC...it is just another altcoin, segwit2x same thing, there is no need for a fork with 2MB blocks when BCH has 4 times bigger blocks.
Forking the network every month just creates confusion in users.
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You are right but it sure makes for a chance to profit. I love trading with leverage during these times.
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I believe people are more experienced as against the previous hard fork. Exact opposite price fluctutations may happen.
This's an intriguing gambling )
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I think I'm going to hold BitCoin-Gold - at-least for a little while.
When BitCoin-Cash was born it shot up to $900 and then adjusted back to $600. Not everyone dumped it and it became a player in the trade-market because it's still very volatile. (Free money is easy to play with).
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Hold it, it is the future of currency.
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when's the fork ? ok 25.10.17 !
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This post has been ranked within the top 50 most undervalued posts in the second half of Oct 08. We estimate that this post is undervalued by $24.79 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Oct 08 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
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wow..... wow .... wow
Yes yes yes ...... i upvote and resteem it @hilarski
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I'll be forken glad when these forks are forken finished
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Me too!!
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3 + 4 = 7, the best options equal the magic number ^.^
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Nice and informative. Thanks for posting!
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Too many forks. This will not create trust.
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Nothing to do with Bitcoin as a whole but I hear you.
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Congratulations @hilarski
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Exceptional article about upcoming crypto big news and how we survived by it...!!!
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Thanks for the information sir.
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Thanks for sharing. i like your post.
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Thanks for good posting
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Most informative post
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What is FOMO?
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Yes, the altcoins will be back.
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what will be the price of bitcoin gold?
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No one knows
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not much for the premine
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Keep calm and be patient ..we will be topper
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nice.
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I am just holding. For me, there is no reason to go jumping around to try to net a few dollars. At present, I am still looking to round out my holdings so the pullbacks on some of the altcoins helps me.
One question, will the Bitcoin Gold payout also apply to cold storage like a paper wallet?
Thanks for your help @hilarski
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yes
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Very good post CONGRATULATIONS friend i support for your every thing post,good luck
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i holding for altcoins from past hardfork and i lost more money i dont know what will hapaned next segwit
i hope recover soon again
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