Bloombergs take on the upcoming fork set to happen in less than 12 hours from now!
All in all, It’s time for bitcoin traders to batten down hatches.
1st August has been announced As final decision of Btc Segwit , A dangerous type of hard fork or Soft fork will be taken. This could lead to two parts of bitcoin old part which we have may be go down to 1800$ and new bitcoin part could go upto 4000 or 5000$ so it is right time to take a final decision about your fund .Because of high risk of segwit2x is offered which means btc will become btc1 and btc2 .
The notoriously volatile cryptocurrency bitcoin, whose 150 percent surge during this year has captivated everyone from Wall Street bankers to Chinese grandmother , could be headed for one of its most turbulent stretches yet.
Blame the bitcoin civil war this month. After that two years of largely behind-the-scenes bickering, rival factions of computer whizzes who play key roles in bitcoin’s will upkeep are poised to adopt two competing software updates at the end of this month. That has raised the high possibility that bitcoin will split in two, an unprecedented event that may send shockwaves through the $41 billion market.
While both sides have same big incentives to reach a consensus, bitcoin has lack of a central authority has made compromise difficult. Even professional traders who have followed the disputes twists and turns they are not sure how it will all pan out. Their advice is:beware and brace for volatility and be ready to act fast once a clear outcome
emerges.
The seeds of this debate were planted years ago: To protect bitcoin from cyber attacks, TO protect bitcoin by design caps the amount of information on its network, called the blockchain. This will puts a ceiling on how many transactions it can process at a time-- the so-called block size limit -- bitcoin is just as the currency’s growing popularity is boosting activity. As a result, transaction times during block confirmation and processing fees have soared to record levels this year, So to reduce transaction fees and make it affordable for every one Bitcoin team decided to have hard or soft fork so get ready for Upcoming even you may have two option convert your current bitcion into usdt using poloniex exchange tool or keep holding this bitcoin until hard or soft fork happen.
You can see how much time is left here no matter where you are in the world regardless of the 12:23am UTC time zone.
https://steemit.com/bitcoinfork/@freeforever/bitcoin-fork-countdown
I wish to hold my current BTC and I will store the BCC that I will receive and sell on the higher price in the future