Current Events > Question for any bitcoin "experts" hanging around

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MarqueeSeries
10/23/17 8:22:40 PM
#1:


What's up with this hard fork coming up in November? From what I understand, after that, there's gonna be Bitcoin, and a new alternative form of currency, which you receive equal value of.

I see some debate about which is going to be the "true" bitcoin after that. Is there anything to be concerned about regarding this, or is it safe to assume everyone is going to stick with Bitcoin and disregard the new alt coin?
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clearaflagrantj
10/23/17 8:30:43 PM
#2:


MarqueeSeries posted...
What's up with this hard fork coming up in November? From what I understand, after that, there's gonna be Bitcoin, and a new alternative form of currency, which you receive equal value of.

I see some debate about which is going to be the "true" bitcoin after that. Is there anything to be concerned about regarding this, or is it safe to assume everyone is going to stick with Bitcoin and disregard the new alt coin?

There are two forks.

Bitcoin Gold which is a split creating a new coin. BTG is trash and will be worth nothing.

The second fork is a code "upgrade" that may or may not go through depending on node signaling. Nobody knows if the second version (B2X) will be considered the new "BTC" or not.
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MarqueeSeries
10/23/17 10:20:45 PM
#3:


clearaflagrantj posted...
MarqueeSeries posted...
What's up with this hard fork coming up in November? From what I understand, after that, there's gonna be Bitcoin, and a new alternative form of currency, which you receive equal value of.

I see some debate about which is going to be the "true" bitcoin after that. Is there anything to be concerned about regarding this, or is it safe to assume everyone is going to stick with Bitcoin and disregard the new alt coin?

There are two forks.

Bitcoin Gold which is a split creating a new coin. BTG is trash and will be worth nothing.

The second fork is a code "upgrade" that may or may not go through depending on node signaling. Nobody knows if the second version (B2X) will be considered the new "BTC" or not.

So is it worth waiting for the dust to settle on B2X before going in, or would I be gimping myself by not buying in now?
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ChromaticAngel
10/23/17 10:25:31 PM
#4:


MarqueeSeries posted...
clearaflagrantj posted...
MarqueeSeries posted...
What's up with this hard fork coming up in November? From what I understand, after that, there's gonna be Bitcoin, and a new alternative form of currency, which you receive equal value of.

I see some debate about which is going to be the "true" bitcoin after that. Is there anything to be concerned about regarding this, or is it safe to assume everyone is going to stick with Bitcoin and disregard the new alt coin?

There are two forks.

Bitcoin Gold which is a split creating a new coin. BTG is trash and will be worth nothing.

The second fork is a code "upgrade" that may or may not go through depending on node signaling. Nobody knows if the second version (B2X) will be considered the new "BTC" or not.

So is it worth waiting for the dust to settle on B2X before going in, or would I be gimping myself by not buying in now?


If you buy now you'll end up with both (which is good). As already said, BTG won't be worth anything, at least not initially, but it might be worth something later. And even if it isn't, you will be able to trade it for another crypto that has more potential.
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clearaflagrantj
10/23/17 10:53:42 PM
#5:


ChromaticAngel posted...


If you buy now you'll end up with both (which is good). As already said, BTG won't be worth anything, at least not initially, but it might be worth something later. And even if it isn't, you will be able to trade it for another crypto that has more potential.

I think the BTG snapshot already happened
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