When the Bitcoin Fork may happen and how should i protect my bitoins ?

[vikkyzenna]

How it will be beneficial to other crypto currencies?

[ImHash]

How it will be beneficial to other crypto currencies?

Bitcoin needs to scale, it needs block capacity to increase with a soft fork which is for the best of every one if they all agreed to it, that way everyone will be happy with less orphan and rejected blocks and less loss of money for miners. it will not benefit other coins because more investors will leave them and come into bitcoin sorry if that is a bad news for all you sh*tcoin developers and bag holders

[Iranus]

SegWit will not result in a chain split if it's implemented with a high amount of hashrate, which seems to be the most likely scenario right now.

Ideally, you'd be running a full node if there was a chain split.  Most of the major wallet providers will give instructions for what to do, such as Electrum's hard fork plan, and you should not keep coins on an exchange or online wallet.

How it will be beneficial to other crypto currencies?

Short term - panic and confusion about Bitcoin in the event of low consensus results in slight altcoin rises and Bitcoin falls as people move funds to altcoins as a "safe" haven.

Long term - Bitcoin rises dramatically because people start to believe its utility has improved.

[mindrust]

If miners get along, the protocol upgrade will happen before Aug/1, If not; something is going to happen on August 1 anyway.

I suggest you to withdraw all of your coins to a newly created address which you have its private key and do not move them till everything is settled. (It may take 1-3 months) Don't use any wallet services. If you need to check your coins' availability, check it on blockchain.info. Just copy/Paste your public key to the search bar..

Better be safe than sorry.