October Bitcoin Gold Hard Fork: What You Need To Know
Have you heard about Bitcoin Gold? How about the hard fork that is occurring on October 25th? If not, keep reading because I am going to be explaining everything that you need to know.
How To Get Free Bitcoin Gold
It is the exact same scenario as the last hard fork. You will be able to move your Bitcoin into a wallet (where you have the private keys) and collect free Bitcoin Gold that is equal to the number of Bitcoins that you have. So you need to make sure that you move all of your Bitcoins to a private wallet to take advantage of this. You are able to basically get free money which could significantly boost your portfolio balance.
The Friendly Fork
The team that is behind Bitcoin Gold have explained that this fork is much different than the Bitcoin Cash fork that occurred earlier this year. Bitcoin Gold is supposed to be a complementary system that supports Bitcoin as it grows. Bitcoin Gold is supposed to be a competitor of Bitcoin Cash and Ethereum (not Bitcoin).
Bitcoin’s Backup Plan
There is a possibility that the Segwit2x split in November is a failure. With that in mind, Bitcoin Gold would be there to pick up where Bitcoin left off if it was necessary. Think of it is a recovery or a backup for Bitcoin.
No matter what happens, Bitcoin Gold is a big deal. You need to be a smart investor and take advantage of the free coins that you will be receiving during the fork. Keep in mind that you may not actually receive the coins until a few weeks after the fork.