I read somewhere that bitcoin is splitting up in 2 different chains?
Yes but only one will be supported.
Personally if bitcoin split up it will fail.
Have you tried out a test from your own version?
Time to get out boys and girls.
Go out first and well just follow when the price is already skyrocketing and we decided to sell for taking out some decent profit.
Actually the panic has been started and you can see the price falling right now and you cannot eliminate the little confusion to some holders since the downfall is pretty much alerting right now + their are articles about spliting of bitcoins where can contribute to its huge downfall. And maybe if this downfall continues this will hurt so much for those big bag holders since some of them will be force to sell their coins to avoid huge losses in the long run.
Hah, that's even more the reason to start buying. The lower it goes, the better for the long term for those who choose to buy in. Lower price means more buying allowance coming from fiat. Of course, it's still important not to invest more than you can afford to lose, but I do not see this fall being taken too seriously. I'm no day trader, but people who day trade might be looking to abuse this moment to strengthen their position on the market by making others panic-sell, as you mentioned.
Additionally, I see some of you above may have missed the thread that got stickied yesterday at the top of the forum by theymos. Make sure to read that and also the thread he links to in that thread if you want to be fully informed about what's going to be happening once August comes. Do not take it lightly.
https://bitcointalk.org/index.php?topic=2017191.0 -- Overview
https://bitcointalk.org/index.php?topic=2012799.0 -- Theymos's Guide/FAQ