Post
Topic
Board Speculation
Re: Sell Bitcoin ahead of 1st Aug Hard Fork
by
ladydark
on 21/06/2017, 02:26:25 UTC
Quite the opposite. Many people are acquiring extra in anticipation of a coin split. You would then have coins on two networks!
This doesn't look like a good idea because: If we end up spliting the chain in two, the price will probably go down a lot on both chains. And it's also possible for people to lose its coins if they sell on one chain and buy in the one with lower amount of hash rate.

Most people are actually trading for altcoins to avoid any conflict in this period.

It's also possible that we won't need to do a hard fork in August 1st because miners are starting to work to activate Segwit2x before the this date. Maybe the chain won't need to split after all...
Definitely,chain split would cause bitcoin price to fall and its not good for bitcoin progress.Bitcoin market would once again become unstable.Altcoins would rise up once again in such situation.But hopefully,it would not occur because most miners are ready to implement segwit 2x.So,for sure,bitcoin price would rise once again.