Diagram of Upcoming Bitcoin Hardforks
There is So Much Confusion Regarding the Upcoming Changed in Bitcoin.
Personally I wish they would stop messing with my money but it looks like we will have to tolerate this crap. If you continue to hold Bitcoin during this transition I recommend you hold your keys which means setting up your own wallet on your computer or in a wallet like a Ledger Blue, Ledger Nano, Trezor or KeepKey. This way if a split in Bitcoin happens you don't miss out on the newly created coin.
I will not be doing this. I have taken all of my Bitcoin and converted it into altcoins like Steem, Stratis and Flashcoin. I wish everyone luck during the transition and I promise to bring you any information that will help you make decisions to keep your money safe.
thanks hilarski for your concern.i been following all your post especially regarding important information about virtual currency.. thanks you godbless
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Bitcoin has reached it's peak of being the market exchange boss and controlling the altcoins price. Steem and other cryptos need to have direct fiat exchanges.
I don't see that happening soon. We could still be a year or two away.
Once we have these exchanges, it will be a totally different story. Less risk plus more convenient way of getting into the crypto world. Especially through Steemit social media and Steem-based projects.
Actually, Bittrex has started offering trading pairs directly with USDT for some altcoins. Unfortunately, Steem is not one of those yet. But with the growth steem is showing, I would not be surprised if it is included soon.
Haha, kinda what the other fiat currencies feel about the USD
Just hoping litecoin get used more in other fiat exchanges like Coinbase
Bitcoin is also a social experiment and now let's see if the community can work in consensus
I particularly love Litecoin because it works much more harmonically than BTC.
Let's wait for the results ...
What about Dash? do you thing LTC and DASH will have a big break when bitcoin goes through all this?
That means we may get some direction after 21st july... Thanks @hilarski for sharing these important details.
I did the same. Moved a majority to steemit, some to stratis and some to pivx. My nano s's aren't arriving until the end of August anyways. ^_^
Thanks for the article, from what I understand most of the coming changes are all softforks and the only hardfork to happen is in november
That being said, I did the complete opposite as I dumped all my altcurrencies and bought BTC, bitcoin is still the dominant digital currency and you have seen all the market following BTC down in the last couple of days and most of the alts were dumped much more than btc, I do believe if the segwit acceptance goes through by August 1st then we will probably see BTC hitting ATH while the alts will follow slightly later, that's my theory and I can be wrong
Good luck
Completely agree, impact most surely will be higher for the alts than the BTC and people will trust more in it
It is more likely that no split will happen and the bitcoin price will climb to unprecedented levels.
One questions. Im also holding lot of alts. If they split that means their price splits too. So what happens to those altcoins that are tied to btc? If there are two, and the price halfs, my altcoins also loose half value?
No, your alts will be fine but they will likely fall in price.
Bitcoin splits to two or not it won't affect me since I have none. That's a relief.
PS: I wish it won't split and people will not lose their money.
@hilarski Hi , do you think the price of bitcoin will still go down a lot more ?
My prediction was $1800, we almost hit it and it rebounded but we are not safe yet.
Thank you, so you recon it can go down more than that ? What do you think of ripple for the long term ?