Quote from: goldchain on November 06, 2017, 10:43:31 AM

Quote from: mocacinno on November 06, 2017, 10:10:13 AM

Quote from: usablehead on November 06, 2017, 10:04:19 AM

ok sounds good.. but suppose I was a buy and hold sort of investor.. In that case, I'd be stuck with keeping the forked coin in the exchange until it's valuable enough to pay transctions fees (if ever)...

And exchanges can be hacked so I don't like leaving BTC in there long. But confirming my thinking here, is that correct?

Nobody is forcing you to keep those coins on an exchange. As a matter of fact, i always recommand to hold your coins on a local wallet, or even a hardware wallet (or paper wallet) if you have a large amount.

Hi Mocacinno,

I got a question about this fork coins thingy. Is fork coins only happens on cryptocurrency exchanges, or it's also available on those bitcoin's wallet, such as blockchain.info, bitcoin core etc?

At a certain blockheight, the fork will happen. At this point, the complete ledger is exactly the same for both forks. At blockheight + 1, there will be differences between both chains.
A fork has nothing to do with witch wallet you're using to manage your private keys and unspent outputs. So, it shouldn't matter where you keep your coins.
However, some exchanges/online wallets/gambling sites/... Will probably either refuse to split your coins, or they'll be lagging behind. So, if you keep your coins at an online wallet/exchange/gambling site/... You're 100% at their mercy.
Some of those exchanges will probably have their own rules, some will act very fast and give you and edge, some will steal your coins.

If you use a local (hardware)wallet, it's 100% up to you wether you split your coins, ignore the fork, take risks, play it safe,... Offcourse, this also means that if you want to split your wallets, you'll have to do this yourself, you can't make a thirth party do all the technical steps for you, altough some hardware wallets usually make it pretty easy to do a split.