Post
Topic
Board Bitcoin Discussion
Re: What is happening August 1?
by
CARrency
on 19/06/2017, 14:00:09 UTC
Hello everyone,

I have heard from some people that the first of August "Judgementday" is for bitcoin. What happens on that day?

I googled around and found that it is possible that I lose all my coins if I dont control my private keys?

Please tell me more!

More like a splitting of network. Bitcoin will be split into two, Bitcoin and Bitcoin Classic. Like Ethereum, there is ETH and ETC. It is a possible that you may lose your coins, but that has low possibility, as I've read some posts, your bitcoin wallet can be make yout coins safe. You don't need to worry unless you've made some transactions before it happens. So it is safe as long as you don't move your bitcoin on August, we all just need to wait.