Quote from: Heartilly on June 14, 2017, 08:44:54 PM

Quote from: TryNinja on June 14, 2017, 07:56:44 PM

It won't becausee there is too much hapenning with Bitcoin at the moment.

Still no scalability fix and our Bitcoin just got threatened by Jihan because of the UASF coming soon on August 1st.
https://blog.bitmain.com/en/uahf-contingency-plan-uasf-bip148/

Considering all that has happened recently, I imagine that Bitcoin is only alive because it is the pioneer in the world of cryptocurrencies and is already accepted and stamped as the "virtual currency" all over the world. Just compare Bitcoin with other currencies in the market and you will see how expensive our fees are, how slow our transactions are and how divided our community is, which ends up destroying the currency and its growth in the future.

I imagine we could have hit the $5000 some time ago if it wasn't for all this problems keeping Bitcoin's growth stuck.

Keep your Bitcoin, but also buy promising coins like Dash, Decred and Litecoin just in case.

So what is the exactly will happened on August 1? What are some of the effect that it will give to bitcoin?

Is the price decrease now prior to the date have higher chances or just a FUD to take profits? We compare bitcoin fees now to other cryptos because other cryptos doesn't have a high price today and demands and usage are not too much.

So, what will happen on Aug 1st 2017?

Well, the basic story is that a majority of the bitcoin nodes will try to force the miners to implement a protocol upgrade proposal called BIP148.

They will try to do this to end the stalemate between the various parties in the block size debate which has stalled the evolution of Bitcoin over the last year or so.

Transaction fees are very high right now because of this.
This may play out in a couple of different ways but basically, your main concern should be a possible chain split after a fork.

A chain split will result in two different tokens. This happened to Ethereum last year and it has happened to other cryptocurrencies too.

If you dont control your keys during a chain split three main things may happen:

Your bitcoin balance will stay the same and you will be able to use that bitcoin token as usual.
Your bitcoin balance will be zero over night since your wallet chose the wrong chain
Your wallet provider will offer you a chance to keep your token balance on both chains or to choose one of them

If you do control your keys you will have the same balance on both chains and you will be able to trade one for the other, effectively increasing your total bitcoin balance. In the case of a chain split theres a big chance that bitcoin will lose its value, however. Either way, youre better off knowing what youre doing and in Bitcoin theres no way of faking that. Now go on and educate yourself! Google BIP148, Segregated Witness, cold storage, soft forks and hard forks! Its your donkey thats on the line!

http://www.coindesk.com/bitcoins-independence-day-could-users-tip-the-scales-in-the-scaling-debate/