Thanks for replying! Sure I can:
Forks are basically a split of the original Bitcoin Blockchain. The team behind the new fork creates a new coin and trys to improve the issues Bitcoin currently still has as for example:
- Slow transactions
- High fees
- Only few transactions per second
- ...
So since it is a split of the original chain everybody who is holding Bitcoin at the time when the team splits/forks the chain also receives the new created coin like it happened with Bitcoin Cash and Bitcoin Gold already.
But you have to hold your Bitcoin in a wallet or exchange which supports the new coin as well.
Binance for example does a very good job and supports almost every new fork but keeping your Bitcoin on exchanges is very risky of course.
So you could move your Bitcoin to Binance slightly before the fork and as soon as the fork happened (Block Time) you could remove it from Binance again to your save wallet.
RE: Upcoming Bitcoin Forks - More free money?