Post
Topic
Board Bitcoin Discussion
Re: Afraid of August One?
by
SVK
on 09/07/2017, 12:04:54 UTC
Im on the decision of taking profit right now and convert my btc into fiat because i am really afraid of august 1, but after reading all the post here i am convince that many people here are being optimistic and see bitcoin will surely rise after the said downfall, and now i realized that the bip148 will surely helps us to make the fees low and for a faster transaction.
well ups and downs are a part of the market and as it is trading so anything can happen but there are also predictions and checking. So some recent predictions and surveys shows that on august 1st the price is gonna hit a higher price, its not a sure thing neither is the opposite case. This is just what I saw in articles and discussions, hope for the best and prepare for the worst. Its trading, anything is possible.

There will be two different Bitcoins after 1st of August.?
Which one would be good and which one bad ?
2 different bitcoins can happen only if miners wouldn't accept changes. In my words: On August 1st, a change in block will happen (segwit for example) if let's say only 40% of hashing power accept this change (start accepting blocks with segwit) this would result in 2 different Bitcoins. If 51% hash power or more start accepting blocks with segwit this would become longest chain and other one would be erased.
It's up to you to decide which one is better Cheesy I personally think there must be some changes in transaction fees so i would prefer blocks with segwit.

So current BTC will be in which Blockchain ?