Hello everyone.
I saw a lot of people talking about how to cash on the days of every hard fork (lots of them these days hehe)
I have some ETHs and i want to know. If for example i make them BTC 1-2 days before the fork is this going to be for example 3BTC + 3(newbitcoin) ? So the +3 is just profit?
It seems just and easy way to make money so i want to know if i am missing something.
Are there any dangers around it?
The btc1 developers don't intend for this to be like Bitcoin Cash. They intend for it to be an "update" and for the legacy chain to die. That seems unlikely, but you should be aware that this is the intent.
A related issue is that there is no replay protection for the fork. What that means is the btc1 developers have made it very difficult for anyone to send money on one chain without losing it on the other chain. So, be aware that you need to carefully split your BTC and B2X coins before sending them to addresses that you don't control.