Segwit and the fork

[Croin]

I would also like to give an outview on what could actually happen:

1. You will maybe get two coins! But be careful not to hold them on an exchange!
2. The price might drop really hard, actually it already does as no one with Mio in coins wanna risk to lose them
3. Just take a look at what happenede to ETH. A hard fork seems bad but maybe it will make something out of it.

[slaman29]

I only have something like 0.07 BTC in my total savings, which I will make sure to keep on my own wallet by 30 July. To be honest, I am not very worried if anything happens to it, yes I will lose almost $180 but that is a very remote possibility.

I will just find it strange that I will have 0.07 BTC and 0.07 whatever else.

[autistaorange]

Hi,

Please could someone explain the concept of hard fork, soft fork and segwit.

What is the background? why is it happening? and what are the potential implications?

Thanks

Andreas explains forks for "newbies"  https://www.youtube.com/watch?v=rpeceXY1QBM