what exactly will happen after the rumored hard fork on october 16. where bitcoin gold will be released?
The hard fork will be held on October 25. After that I think if you hodl your bitcoins until November 1 you will get bitcoin gold. Just like you got last August 1 if you participated. Well I tell you to grab this opportunity and don't let it pass. Many possibilities on this, you can get free coins for this 
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