Ya Raiders, I'm still confused here. So if I have 5 BTC in my blockchain wallet at the time of the fork, explain what's going to happen.
You will have 5 BTC and 5 BCH.
If you put BTC in Kraken or Bitfinex, you can cash out BCH as soon as the market opens after the fork.
that would be my guess. May crash before that. Let's hope not.Now correct me if I'm wrong, but isn't this likely going to be everyone selling their BCH and the price of that is going to crash immediately upon fork?
Do NOT have BTC in Coinbase. When the fork occurs you will get two coins, BTC and BCH. If you use Coinbase, then you will not get the free BCH. BCH is worth $387.00 right now.
https://coinmarketcap.com/currencies/bitcoin-cash/
Keep BTC in Kraken or Bitfinex. They will automatically give you both coins after the split. You can also keep coins in Trezor or Electrum as they are setting up Bitcoin Cash wallets. If your coins are in blockchain.info you will have two coins but you will have to extract the private key.
If you are using blockchain.info, go to settings, security, back up and write down the 12 words.
is ony Sat afternoon, move them now.all my bitcoins are in coinbase so I guess Im stuck at this point? Not really a means to move them that fast now?
Do NOT have BTC in Coinbase. When the fork occurs you will get two coins, BTC and BCH. If you use Coinbase, then you will not get the free BCH. BCH is worth $387.00 right now.
https://coinmarketcap.com/currencies/bitcoin-cash/
Keep BTC in Kraken or Bitfinex. They will automatically give you both coins after the split. You can also keep coins in Trezor or Electrum as they are setting up Bitcoin Cash wallets. If your coins are in blockchain.info you will have two coins but you will have to extract the private key.
If you are using blockchain.info, go to settings, security, back up and write down the 12 words.