Guys what would you do if you have a nice chunk of funds in BTC say 50% for example would you cash it in before the upcoming UNKNOWN august 1 ... I mean these days 15btc is like $50,000 Aud... pretty crazy!!
OK, I answer:
- You should observe the sentiment on both sides.
- If the final Segwit2x version is fully compatible with BIP148 and gets support from 80% as announced then I think for now there will be no chain split and the outcome is bullish. Buy/hold.
- The worst outcome is an UASF BIP148 with more than 15 but less than 35% hashrate support. That will result in a chain split almost surely, with BIP148 being the minority chain in terms of hashrate but probably majority of users. Turbulences ahead. Sell/Trade the swings.
- BIP148 with 35%-50%+ has a chance to get a majority of miners on board. That could result in a chain split but here I think there will be a chance the BIP148 chain wins at the end because of user/economy support. However, I expect turbulences and a price drop. Sell.
- BIP148 with 50%+ even without Segwit2x support would be sure to win, but probably won't happen. Would be bullish however.
- BIP148 with <15% has no chance. So the legacy chain or an incompatible Segwit2x chain will win. If that means that the stalemate continues, I consider it bearish. The price evolution of a winning BIP148-incompatible Segwit2x chain is difficult to predict.
Thanks but would you risk 50% of your funds.. don't you think leaving it untok Aug 1 is playing with fire. I mean yes btc was risky but I can deal with this type of risk. Now the upcoming risk is ridiculously risky to play with tens or 100s of thousands of dollars. Yes discussion is what makes consensus but geeez this sounds like it will turn into 10year discussion with no end in site is a now a stubborn debate with neither side bending. How is btc meant to function like this. Why on earth wasn't this taken care of when btc was at 2 dollars or even 200 ..now we are playing with crazy amounts of dollars.. investors is what drives btc if we scare them they will pull out and news will spread and btc will crash like we have never seen. And now the world will see the civil war going on and never trust it. That's sad and makes me irritated that grown adults with their head screwed in properly cannot agree with something. The risks of not agreeing I think are worse than doing. If you have calculations that tell you a tsunami is on the way. I doubt you will sit there and wait for it to come.and break down your house.. you will strengthen the house before this happens. Same with btc... it's obvious transactions are slowing down as more and more people get in... is it better to wait until it's ridiculously unusable or fix. I think many ppl want to fix, I may not be that technical to comprehend why people are finding.it that hard to come.to am agreement. My apologies if I sound ignorant... I just love this coin and technology I don't want to see it burn to the ground because of something which could have been fixed quite easily.
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