Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?
Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).
Thanks for any advice.
Straight up, at this point, I have no idea what is going on with forks now. I've heard so many people talking about what may be happening at some point or another, and now there are so many different forks people are talking about, it's all so tiresome to keep up with.
If the fork is something a majority of the network and devs are in favor of, you will likely just get an update which will automatically give you your new forked currency or whatever, just keep your private key on hand in case there is something you have to import in the event there is no update.