Hi,
This is my first post and I consider myself as a big beginner even if I read a ton of topics about Bitcoin and hold a few BTC, ETH.
As we all know a BTC "crash" happened last night. I consider it was a small one but this morning we can see a lot of people speaking about the reasons (Seems to be something about Bitcoin XT, hard fork, ...).
I repeat, as a beginner I don't understand everything about technicals explanations and I think it could be a good idea if someone try to vulgarize this big debate for us ! I want to know the issues and particulary for the few BTC that I hold. What is the risk if I don't do anything and hold my BTC ? What's the difference with BTC XT ?
Thank you,
This is my first post and I consider myself as a big beginner even if I read a ton of topics about Bitcoin and hold a few BTC, ETH.
As we all know a BTC "crash" happened last night. I consider it was a small one but this morning we can see a lot of people speaking about the reasons (Seems to be something about Bitcoin XT, hard fork, ...).
I repeat, as a beginner I don't understand everything about technicals explanations and I think it could be a good idea if someone try to vulgarize this big debate for us ! I want to know the issues and particulary for the few BTC that I hold. What is the risk if I don't do anything and hold my BTC ? What's the difference with BTC XT ?
Thank you,
I don't think the "crash" had anything to do with XT.... well, maybe it helped with timing. But it was pretty obvious that attempts were being made to trigger stops and margin calls on Bitfinex. Bulls were way, way overleveraging into a down trend.
"Vulgarize"? Hmmm, that doesn't sound like a good idea in this venue.
There is a lot of info in the Bitcoin Discussion section. I'm a bit concerned because there seems to be a lot of extraneous code in XT that is not related to increasing the block size. Seems unnecessary at best and perhaps nefarious at worst.
There is no risk to hold your BTC (well, except to your USD value hehe). In the event of a fork, you would hold your bitcoins on both blockchains. I'd hold them until it becomes clear which chain has won.....