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What will happen to Bitcoin after August 1st?
Due to all news what do you think?
The good news is that each bitcoin would effectively be copied to both chains. If you hold bitcoin right now, you will hold both 148 BTC and Legacy BTC after the split.
The bad news is that this coin-split can be messy and risky. And if you’re not careful, you could lose funds.
First off, be aware that a chain-split create a high-risk situation. There is a chance that some sort of cyber-battle will break out between the two camps, perhaps even escalating to the point where bitcoin’s exchange rate(s) drops sharply, possibly to zero. Make absolutely sure you are not holding more value in bitcoin than what you are willing to lose.
If you do decide to hold onto your bitcoins, the single most important piece of advice is this: Ensure that you control your own private keys.
John McAfee said that in the long term Bitcoin moves above $500,000 within three years, if not, he`ll eat his own dick on national television. Let`s hope that Bitcoin at least moves up to $4500Due to all news what do you think?
The good news is that each bitcoin would effectively be copied to both chains. If you hold bitcoin right now, you will hold both 148 BTC and Legacy BTC after the split.
The bad news is that this coin-split can be messy and risky. And if you’re not careful, you could lose funds.
First off, be aware that a chain-split create a high-risk situation. There is a chance that some sort of cyber-battle will break out between the two camps, perhaps even escalating to the point where bitcoin’s exchange rate(s) drops sharply, possibly to zero. Make absolutely sure you are not holding more value in bitcoin than what you are willing to lose.
If you do decide to hold onto your bitcoins, the single most important piece of advice is this: Ensure that you control your own private keys.
He must have been high if he stated that, bitcoin will not move above $500,000 within three years. Maybe $10,000, but not 500k. What was he smoking. LOL
