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What Im saying is, what if this whole Gold thing was part of a ruse to get people to buy into Bitcoin before some event only a small group of people know is coming? Coinbases word is still very important to consider, but for those who want to take a chance on Gold: See the best answer we have here. Update : See, bitcoin Gold officially launched, see the most the recent update and find out how to claim your Gold. With that said, block 491,406 should happen on the evening of the 23rd (despite what has been reported). However, these are all a bit of a gamble.
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What if Bitcoin Gold is bogus and China moves to ban exchanges on the 25th? Coinbase is kind of a big deal in the.S. It now says, The fork will occur after block 491,406 is mined on October 24th. Each entity will be dealing with Bitcoin Gold a differently, so make sure you understand the implications of any wallet that isnt a full node where you own your private keys directly.
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Wether caution means being bullish or bearish for you is your call. Coinbase says the snapshot date already passed. We dont want to influence your personal investment choices. Note : BitcoinGold published a rebuttal to this.
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Coinbase has come out and announced the Bitcoin Gold fork has already taken place! According to Coinbase, the Time for Free Coins (Free Bitcoin Gold) Has Passed.
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Cryptocurrency facts not to tell you how to invest. The fork has already privately occurred at a point known only to the Bitcoin Gold development team. Coinbase, bottomline : So to be crystal clear, if Coinbase is right, the capture AKA snapshot date has already passed and that date is actually unknown to the public. Instead, the snapshot date was some date not known to the public that has already passed.
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Note : Whatever that date is, assuming Bitcoin Gold is real, if you had your Bitcoin in a wallet on that date you should be all means get 1 Bitcoin Gold for every Bitcoin held. See: Bitcoin Gold Community Response. 3 m says the date is the 24th at 3am Eastern (at block 491,407). If that is true, it means it doesnt matter if you hold Bitcoin on the 25th or at block 491,407.
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What to Do With This Information. Please read Coinbases take here: Bitcoin Gold FAQ. A stop set around the time block 491,407 hits (to protect you in the case of bad news) is a somewhat conservative move that might appeal to some investors. There is going to be a lot to discuss after the unknowns become known, but for the time being, there isnt much more to talk about.