today youll have to make significant changes to the Bitcoin source code. There is no rush to claim a forked coin, if you are in for the snapshot, you own the coin on the new blockchain forever. Move every token : Move all your funds after a fork, and never move them back. Let us know in the comments below! Org started specifically for this: bitcointalk. If you are on an exchange or managed wallet (like Coinbase) that supports the forked coin : Wait until they credit your account. Likewise, if you buy more futures, buy instagram followers with bitcoin youll get more of the forked coin if it ends up being legit (but will get only the futures if it doesnt). As, if something goes wrong, you only lose your forked coin and not your existing coins if your wallet is empty. However with their help something like Dogecoin can be created. This creates two identical ledgers (thus anyone holding coins on one chain now holds equal parts of the coin on the new chain by default).
Warning : If you are going to claim coins from a fork, move your Bitcoin balance to another address first (so be in for the snapshot, but then move you balance before you claim the forked coin). It isnt good enough to do a transaction right before the block, as your transaction must be recorded on the blockchain before the block!
In 2013 when there were few forks, achieving certain popularity for your fork with just these changes was quite possible. Capitalizing on the price successes of Bitcoin Cash (BCash developers are even offering discounts using the code rogerverified. Youll have to spend.01 BTC to create your cryptocurrency. Move your funds to a new address after the snapshot, but retain your private key for the old address. To do this youll need access to a given exchange trading the asset. Let someone else play crash test dummy, and then once everyone is sure replay protection is there and the wallet is stable, at that point its safe to configure your new wallet and claim your coins. Not every fork produces new coins : Some hard forks, like Ethereums Constantinople, just update a network. That is the gist, lets not focus on the nuts and bolts of forks here. This results in the private keys used to claim for the fork now being associated with no funds, this means if somehow your private key got compromised in the process of claiming the fork, there is nothing anyone can do with. Fork It Till You Make It (For 90).