Probability of Bitcoin split

[Nodari_Cindicator]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

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[mudiko]

I am not an expert on bitcoins technology, but I assume that it is not possible. Anyways I think such a split is not needed. If prices ramp up, we can use mBTC's in exchanges to prevent confusion. Most wallets are already displaying as default in mBTC to make it easier.

[ralle14]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

Isn't that just the same? It's not a good idea because we could already divide bitcoin in to much smaller pieces and as mudiko said there's no need for this. I don't see any good thing about this kind of split it'll most likely just get rejected by the miners and devs.

[talkbitcoin]

Hi, in your opinion what's the probability of Bitcoin's split

very small.
because to put simply no one wants a split and when you are a miner and have invested a couple of million dollar in bitcoin and have a lot of BTC then you are more cautious about your investment than someone with 10BTC in his name!

(e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

this is not gambling to give you "returns" 100 times.
if you have 1 bitcoin and a split happens you still have 1 bitcoin but on two chains and the value of it won't be the same on either chain and the total value would also probably be much lower.

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

no it is not.
because as an investor you invest the same amount of money at $2.6 that you invest @$2600. and since the returns of both of these numbers are the same you get the same amount of money out also.

for example if you have $100 to invest you still get the same $384 out no matter if price went up from $2.6 or $2600

[tigershark]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

As far as I know, it is not possible to split bitcoins like stocks. There will be 21 million bitcoins total when mining is completed and there can be no more than that unless there is some major change to bitcoin. Such a change would probably devalue the coin.

[krishnapramod]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

Is this about blockchain split or splitting bitcoin, but in both the cases 1 BTC would never be equal to 100 BTC, 1 BTC = 100,000,000 Satoshi. By splitting bitcoin you are not increasing the quantity, you are just splitting the quantity into smaller fractions.

If bitcoin reaches $10000 then price per satoshi would be $0.0001, it is the same, nothing complicated about it. It would always be calculated as how much BTC has gained on dollar rather than how much Satoshi has gained on dollar.

[qiman]

I am thinking how will this affect the price of altcoins that are pegged to Bitcoin now? If there is a split which chain will be the prominent one? The original chain or the new Bitcoin? Look what happened to ETHEREUM. The original Eth is a fraction of the price of ETHEREUM, although ETH CLASSIC is gaining some ground back slowly.

[xuan87]

If the splitting is like OP describe then it won't be affecting anything except we will have a smaller fraction, and it won't affect the price at all, unless your splitting is affecting the whole Bitcoin amount, the splitting will makes us easier to used and to count but everyone is already happy with Bitcoin without splitting it

[NathanJB]

It would hardly happen. But I agree with your view that it would be difficult for bitcoin's price to surge or double up if it starts with $2500. 

Unlike before when its value was multiplied several times, this time it would take a longer time.

[darthmaul]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

You have spoken one and the same thing that is "to surge from $2600 to $10k than from $2.6 to $10". I don't see any difference there because if the value is decreased in the same multiple then the returns are also decreased in the same way too. Going down the value doesn't mean you can invest more and earn back more! Its the same thing if you buy at 1:100 bitcoins. for $2.6 you will get $10. You will have to invest 100 times more too.

[webtricks]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

Depends how you treat.
You can use mBTC as your unit to send/receive Bitcoin and your problem is solved.
I ain't able to understand your concern. BTC is just unit of Bitcoin. Suppose Lisk is $2.25 per LSK at present. I may use word GLSK for 1000 Lisk so if I got 2000 Lisk, I may recognize it as 2k LSK or 2 GLSK. it won't affect price at all.

[Fatunad]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

Depends how you treat.
You can use mBTC as your unit to send/receive Bitcoin and your problem is solved.
I ain't able to understand your concern. BTC is just unit of Bitcoin. Suppose Lisk is $2.25 per LSK at present. I may use word GLSK for 1000 Lisk so if I got 2000 Lisk, I may recognize it as 2k LSK or 2 GLSK. it won't affect price at all.

Why would people do think that bitcoin do need a split? since we can able to read it with the terms of mbtc and as many others said here the probability and in need of split is really on slim chance but well we cant tell what would happen on next month event if there would be a split or not and those calculations that are made on the op isnt too unrealistic to consider.

[Amevalentine]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

Depends how you treat.
You can use mBTC as your unit to send/receive Bitcoin and your problem is solved.
I ain't able to understand your concern. BTC is just unit of Bitcoin. Suppose Lisk is $2.25 per LSK at present. I may use word GLSK for 1000 Lisk so if I got 2000 Lisk, I may recognize it as 2k LSK or 2 GLSK. it won't affect price at all.

Why would people do think that bitcoin do need a split? since we can able to read it with the terms of mbtc and as many others said here the probability and in need of split is really on slim chance but well we cant tell what would happen on next month event if there would be a split or not and those calculations that are made on the op isnt too unrealistic to consider.

As long as the numbers listed are still realistic and can be counted with mBTC, this split problem is self-contained, so I agree that bitcoin does not require splits.

[megynacuna]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

Depends how you treat.
You can use mBTC as your unit to send/receive Bitcoin and your problem is solved.
I ain't able to understand your concern. BTC is just unit of Bitcoin. Suppose Lisk is $2.25 per LSK at present. I may use word GLSK for 1000 Lisk so if I got 2000 Lisk, I may recognize it as 2k LSK or 2 GLSK. it won't affect price at all.

Why would people do think that bitcoin do need a split? since we can able to read it with the terms of mbtc and as many others said here the probability and in need of split is really on slim chance but well we cant tell what would happen on next month event if there would be a split or not and those calculations that are made on the op isnt too unrealistic to consider.

As long as the numbers listed are still realistic and can be counted with mBTC, this split problem is self-contained, so I agree that bitcoin does not require splits.

I rather think having them in such denominations will be great like the OP presented it. It will be easy for others to acquire 1 BTC and if the scaling issues are resolved it can be used on a daily basis as the value is closer to 1$ than it is currently. So I'm with the OP on this.

[swogerino]

If the price of the second chain will be so low as the OP presented here, than there it will be not much interest regarding this second chain. Maybe it will fail before even starting and everyone will be back to the original chain. I don't think that the split will be beneficial to bitcoin in these moments.

[deisik]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

As far as I know, it is not possible to split bitcoins like stocks. There will be 21 million bitcoins total when mining is completed and there can be no more than that unless there is some major change to bitcoin. Such a change would probably devalue the coin

There can be two or more different blockchains

I don't know if something like that is possible with stocks (though I wouldn't throw away such a possibility out of hand), but the new blockchains will obviously have 21M bitcoins each since otherwise they wouldn't and couldn't be called Bitcoin in the first place. Regarding the possibility (or probability) of the Bitcoin split, I think it is quite possible and likely more probable than most people here think. As a conspiracy theory, Jihan may have been accumulating hashing power all these months of escalating disputes and disagreements inside the Bitcoin community meanwhile secretly building new miners, and when the right time comes he fires his equipment and beats the genuine Bitcoin into dust with his army of advanced miners (think SkyNet attack here)

Why not just use Satoshis as a unit??

They are too small to have any practical value as a regular unit of account

[CrewKitten]

I do not think such a split would even happen. Right now they are talking about increasing the block size, and SegWit (hard fork essentially), but as far as splitting the coin... yeah that is not going to happen.

With that said, I personally do not understand why people prefer to use mBTC as opposed to just using Satoshis. Think about it... lots of countries have currencies that when compared to the USD are 100:1 or worse.

Why not just use Satoshis as a unit??

[Decoded]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

It's quite probable a split will happen, if you look at how fast they're trying to push this fork. It's a UAHF, so not based on a certain percentage of the community. It's going to be Ethereum all over again. Bitcoin also will not split into equal parts, not parts that sum up to their original value.

Say Bitcoin is $3000 before the fork, after fork, it is likely that the prices will be somewhere around $1500 and $500.

[BitcoinNewsMagazine]

A split will be ugly. Everyone who is reasonable is warning not to make transactions after Aug 1 until the dust settles. If you need to sell bitcoin for expenses do it now because price will most likely drop as Aug 1 gets closer, people moving to cash for safety. 80% of miners will need to be running Garzik's btc1 client for SegWit2x to activate, if that happens control of bitcoin will be taken from Core.

[Jewell]

If the price of the second chain will be so low as the OP presented here, than there it will be not much interest regarding this second chain. Maybe it will fail before even starting and everyone will be back to the original chain. I don't think that the split will be beneficial to bitcoin in these moments.

that is very right to say, i am also thinking so, but i think it is still a little early to say anything about that, i think we will have to decide  when it will happen. but still i am sure about  that there is will be no negative effect on bitcoin, hope that bitcoin will continue increasing and very soon will come its tract again and hopefully will cross 4000$ this time.

[digaran]

They killed themselves, so now lets kill ourselves, they were eating human flesh, let us do the same, this is what happens when some body does something and all of a sudden every body wants it too, ETH split, oh look at them now very successful and are mooning, so let us split now to see if that happens for us or not. when some body like Wu walking around and bitching about how he'll do a hard fork, people then think it must be something good and healthy.
Nothing good comes out of split other than miners suffering loss of their hard earned money, unplanned split changes everything in a bad way.
ETH when forked price was very low nothing compared to what Bitcoin price is right now.

[VanDeinsberg12]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

It will be useless. until the chain split will come true and that gives the real impact to the market. You just split the quantity. What's the different with the mbtc or satoshi as a decimal? I think that will not work.
Just forget it.

[Vasilije69]

That's not possible at all. It may lose some value and dump to even $2000. But more than that... Will not going to happen.
Any bigger dump would be miracle.

[ASHLIUSZ]

I'm not that good with the technology, but in my opinion the splitting might pave path for the initiation of two or more blockchain. If this happens the difficulty and the transaction fee issues will get sought, but the long lasting and the trust from the users will start decreasing.

[deisik]

That's not possible at all. It may lose some value and dump to even $2000. But more than that... Will not going to happen.
Any bigger dump would be miracle

I'm afraid that you fall victim to your "gut feeling", if I can say that

But it deceives you more often than not, and even if it doesn't, when it does the consequences might be devastating. Basically, you see Bitcoin hovering over 2,000 dollars per coin for a month and come to think that these prices are there to stay forever. This is a dangerous assumption. If the split happens and both (or more) chains have more or less equal support, a dumping war will inevitably ensue with each party trying to bring down the competitor (read drive their prices into the ground)

[adzino]

That's not possible at all. It may lose some value and dump to even $2000. But more than that... Will not going to happen.
Any bigger dump would be miracle

I'm afraid that you fall victim to your "gut feeling", if I can say that

But it deceives you more often than not, and even if it doesn't, when it does the consequences might be devastating. Basically, you see Bitcoin hovering over 2,000 dollars per coin for a month and come to think that these prices are there to stay forever. This is a dangerous assumption. If the split happens and both (or more) chains have more or less equal support, a dumping war will inevitably start with each party trying to bring down the competitor (read drive their prices into the ground)

Wow, haven't thought about it this way! You seem to be more logical, "the dump war", to bring down each competitor to its ground.
Still confused about what to do. I am starting to sell a portion of my coins, while saving some to see what happens "if" a chain split occurs 

[freedomno1]

Well after the dumping war one side may well emerge victorious or the two and be considered the dominant currency, so they can co-exist to an extent but one just ends up being worth a lot more market wise than the other, happened with Ethereum but classic is still 6th place in terms of market cap.

The real question is it better to stock up or to try to participate on the dumping war, or a mix of both options aka have some cash around but keep some coins as well to take advantage of instabilities and volatility.
(Instead of waiting for the processing to the exchange converting your cash into cryptocurrency process that takes forever in trading time)

[mackenzied]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

I really feel worried about this issue, bitcoin division is a bad thing, it will directly affect the value of bitcoin. I just hope bitcoin is always a unified mass.

[(altair)]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

Isn't that just the same? It's not a good idea because we could already divide bitcoin in to much smaller pieces and as mudiko said there's no need for this. I don't see any good thing about this kind of split it'll most likely just get rejected by the miners and devs.

Yeah it's just the same, you just divide it too many and the value didn't change. So what's the catch here? They just make people become more confuse. Spreading of fuds are everywhere and people are going mad. Hope this splitting of coin will resolve sooner.  

[Arigatoalexis]

Oh I have 3 weeks left before I will decide what to do with my bitcoins. Maybe sell this all before this possible bitcoin split.

[deisik]

That's not possible at all. It may lose some value and dump to even $2000. But more than that... Will not going to happen.
Any bigger dump would be miracle

I'm afraid that you fall victim to your "gut feeling", if I can say that

But it deceives you more often than not, and even if it doesn't, when it does the consequences might be devastating. Basically, you see Bitcoin hovering over 2,000 dollars per coin for a month and come to think that these prices are there to stay forever. This is a dangerous assumption. If the split happens and both (or more) chains have more or less equal support, a dumping war will inevitably start with each party trying to bring down the competitor (read drive their prices into the ground)

Wow, haven't thought about it this way! You seem to be more logical, "the dump war", to bring down each competitor to its ground.
Still confused about what to do. I am starting to sell a portion of my coins, while saving some to see what happens "if" a chain split occurs 

As they say, better be safe than sorry

In troublous times like these you should rather look for preserving your capital and wealth rather than going for multiplying them (otherwise you risk coming back shorn, so to speak). Indeed, you can always keep some part of your wealth in a potentially toxic asset since no one knows for sure how things are going to play out in real life at the end of the day. Anyway, you can lose only so much while your profits are virtually unlimited if everything pans out. But which part you want to stake is entirely up to you to decide, obviously

[bitKaBoom]

I'm sorry, but is it even possible, dude? Bitcoin split seems like a strange idea.

[syaripudin]

It takes a very long time to do that with bitcoin split whether it will give good results of course we do not know yet. For several years may be possible. There is still a lot of homework to complete. Like the existence of sites that at the end is a scam

[skorupi17]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

Before discussing the probability of Bitcoin split, it is best to know if Bitcoin will really split. As of now, there is no concrete claims about the said split. This is to be discussed first. Though Segwit2x is about the activation of Segwit + 2MB block size increase via hard fork, no one is certain if this will really be implemented.

[jc89]

I'm sorry, but is it even possible, dude? Bitcoin split seems like a strange idea.

Yes, it is very possible. Bitcoin has a threat of being split due to the Segwit2x. The Segwit2x is the activation of segwit on or before August 1st and around November, a possible Hard Fork (the split) will take place because of the 2MB block size increase that will be done by having a hard fork. Though there is no certainty of the Hard Fork to happen. No formal claims was released as of now if ever Bitcoin will undergo Hard Fork or not.

[bryant.coleman]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

It will have only a minor effect, because despite the split, the market capitalization is not going to change. But I assume that if the prices change from $2,600 to $26, then BTC will become attractive for a lot of the small-scale and medium-scale investors, who are currently trying their luck with altcoins such as Ethereum, Ripple and Litecoin.

[szpalata]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

It will have only a minor effect, because despite the split, the market capitalization is not going to change. But I assume that if the prices change from $2,600 to $26, then BTC will become attractive for a lot of the small-scale and medium-scale investors, who are currently trying their luck with altcoins such as Ethereum, Ripple and Litecoin.

Exactly, it will pave way for more investors who hitherto were already giving up on Bitcoin due to its price surges. I'm hopeful that should all go well Bitcoin will be even stronger and more competitive in the near future.

[ultrloa]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

It will have only a minor effect, because despite the split, the market capitalization is not going to change. But I assume that if the prices change from $2,600 to $26, then BTC will become attractive for a lot of the small-scale and medium-scale investors, who are currently trying their luck with altcoins such as Ethereum, Ripple and Litecoin.

26$ downfall is pretty much annoying to see but I can't see any scenario on why would the price go for that huge dip since we never truly know if this split can may get big effect to make the bitcoins price go down. And as of know bitcoins price is pretty much affordable for medium large scale whales since we see some pretty movements happening to its stats.

[deisik]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

It will have only a minor effect, because despite the split, the market capitalization is not going to change. But I assume that if the prices change from $2,600 to $26, then BTC will become attractive for a lot of the small-scale and medium-scale investors, who are currently trying their luck with altcoins such as Ethereum, Ripple and Litecoin.

Market capitalization of what exactly is not going to change?

Of each separate coin (which would be what Bitcoin market cap now is, i.e. doubling it total) or the market cap of both (or more) blockchains combined? As to me, neither is possible. In the first case it would mean that the prices of each chains should remain the same as the price of Bitcoin is now, in the second case the sum of their nominal prices should equal today's price. I guess in real life, if there is a split the prices will fall substantially below the current price of Bitcoin (even their sum will likely go way below current price) . The very fact of the split will suffice to crash the markets, and if the competing chains start a dumping war (which is almost inevitable) that will the end of the game for Bitcoin

[gabmen]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

It would be a very unpopular occurence if this is to happen and its likely that btc support would decline. You'd basically drag btc down to the level of other altcoins and holders wouldn't be too happy about that. Also i don't think there would be a big difference to how it is now

[Palmerson]

Oh I have 3 weeks left before I will decide what to do with my bitcoins. Maybe sell this all before this possible bitcoin split.

This is exactly the solution which you are seeking speculators. They deliberately spread rumors to cause panic and buy in low price all bitcoins. If you are not going to panic in August will be rewarded with sharp increases in the price of bitcoin.

[Pettuh4]

Oh I have 3 weeks left before I will decide what to do with my bitcoins. Maybe sell this all before this possible bitcoin split.

This is exactly the solution which you are seeking speculators. They deliberately spread rumors to cause panic and buy in low price all bitcoins. If you are not going to panic in August will be rewarded with sharp increases in the price of bitcoin.

I agree with you we shouldn't succumb to their tricks this time but I will urge all to remain resolute and hold unto our precious bitcoins before during and after the August 1 . Nothing they put out there should spark an aota of panic amongst us.

[trecore4]

Hard to believe about this split. I had no idea what it is really. But after reading all the posts above it seems like we are entering into different bitcoin world real soon with two different currencies of the bitcoin itself. Hope not to see such bad ratio of bitcoin as you depicted.

[CODE200]

Oh I have 3 weeks left before I will decide what to do with my bitcoins. Maybe sell this all before this possible bitcoin split.

This is exactly the solution which you are seeking speculators. They deliberately spread rumors to cause panic and buy in low price all bitcoins. If you are not going to panic in August will be rewarded with sharp increases in the price of bitcoin.

I agree with you we shouldn't succumb to their tricks this time but I will urge all to remain resolute and hold unto our precious bitcoins before during and after the August 1 . Nothing they put out there should spark an aota of panic amongst us.

It is just like what happen with the litecoin from 0.011 to 0.019-0.02 price that is after the segwit of the litecoin if the bitcoin is going to success that is more likely to happen the price will go up. No need to panic sell panic selling will only cause a opportunity lose. So I think let's just wait for the August 1 and let's see what is going to happen.

[EdenHazard]

Hard to believe about this split. I had no idea what it is really. But after reading all the posts above it seems like we are entering into different bitcoin world real soon with two different currencies of the bitcoin itself. Hope not to see such bad ratio of bitcoin as you depicted.

actually it is just like ethereum , they get split after the hardfork.

but nothing changed with the old one and the other still exist until now , just the matter of support and community . bitcoin might could face the same situation but i expect nothing much will affected and happened , let's wait for august . bitcoin won't get devalued just ike what op stated.

[abilger]

I do not think that SEGWIT will cause a split. Litecoin didn't have a problem with it. But i really would like it to split to see some volatility 

[Amph]

a split do not work like that, the main chain will retain the value, the second chain will have a less value, there is no way that both preserve the same value or that the value will reduce to 1/100, that's stupid

remember that one of the two chain will be an altcoin, just that the other will be the one used by everyone else, also this happened with some alt, like ETH, did eth lose its value? no...

[Arigatoalexis]

Yes. The higher price will be the core but lesser than the current price. In the future both prices will depend on developments.

[deisik]

remember that one of the two chain will be an altcoin, just that the other will be the one used by everyone else, also this happened with some alt, like ETH, did eth lose its value? no...

A very convenient position

That is, that the blockchain which should prevail will be a genuine Bitcoin while the other which succumbs will be an impostor, an altcoin. The main issue with this reasoning is that you don't know in advance which one will win and which one will lose. Further, you don't take into account the possibility that any of the competing blockchains may not have an overwhelming advantage over the rest of the pack, so things might get very complicated in respect to which blockchain is going to come out the winner. Apart from that, if Jihancoin succeeds, will you use it yourself?

[Kate_CND]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

Depends how you treat.
You can use mBTC as your unit to send/receive Bitcoin and your problem is solved.
I ain't able to understand your concern. BTC is just unit of Bitcoin. Suppose Lisk is $2.25 per LSK at present. I may use word GLSK for 1000 Lisk so if I got 2000 Lisk, I may recognize it as 2k LSK or 2 GLSK. it won't affect price at all.

Why would people do think that bitcoin do need a split? since we can able to read it with the terms of mbtc and as many others said here the probability and in need of split is really on slim chance but well we cant tell what would happen on next month event if there would be a split or not and those calculations that are made on the op isnt too unrealistic to consider.

Not sure that the split is technically possible, but everyone who trades not just cryptocurrencies but stocks, futures etc knows why the split is needed.

[Rahar02]

 Bip148 is UASF (User Activated Soft Fork) that will be implemented between midnight August 1st and midnight November 15th, then after few months miners will increase the block size limit and it require hard fork which mean split is likely to happen and miners will mining blocks that signaling for segwit. But, no miner would continue mining a coin with no value and we will follow the most mined.
If we look at the Bitcoin proposal support, segwit2x has reach over 87% and hopefully it will works to resolve bitcoin problems regarding scale solution and high fees.

[Duzter]

Looking upon the entire history Segwit signalling has gained maximum support, but none has indicated that the split is assured as the time period is mentioned to happen between 1st of august to November 15th. Hope if some sort of splitting happens too, it should not affect the value of bitcoin.

[ethereumhunter]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

everything is possible to happened since we don't know what will we see in future. but if this is real, then after august 1, bitcoin price itself will reach more high and the new coin will followed too. but i will stick with bitcoin only and for the new coin, maybe i will keep it longer to see how good the coin to survive in cryptocurrency. if the new coin is good enough to keep as investment then i will save and i will trade it if i can make profit.

[Idrisu]

I will not want bitcoin to split into some units because together we stand and divided we fall. We should come to the agreement to see bitcoin survived. If bitcoin splits then crytocurrency founders arm will be defeated. I will not pray for splitting and I think ,I spoke the mind of most bitcoiner on this forum.

[Tamilson]

Looking upon the entire history Segwit signalling has gained maximum support, but none has indicated that the split is assured as the time period is mentioned to happen between 1st of august to November 15th. Hope if some sort of splitting happens too, it should not affect the value of bitcoin.

The least we can do now is to trust bitcoin and hope something good will happen during the activation of segwit2x. It's the make or break situation for all of us.

[maku]

1. No one wants bitcoin to split, I don't think we have enough of bitcoin terrorist with sufficient hash power which could lead to split.
2. Even if the split will happen, it will be nothing but a minor setback - Ethereum example is really interesting proof of that.
3. All threads about crash, split, end of bitcoin are pure FUD. The only thing we have to fear is... fear itself. Bitcoin will succeed.

[deisik]

Bip148 is UASF (User Activated Soft Fork) that will be implemented between midnight August 1st and midnight November 15th, then after few months miners will increase the block size limit and it require hard fork which mean split is likely to happen and miners will mining blocks that signaling for segwit. But, no miner would continue mining a coin with no value and we will follow the most mined.
If we look at the Bitcoin proposal support, segwit2x has reach over 87% and hopefully it will works to resolve bitcoin problems regarding scale solution and high fees

These figures are misleading

If Antpool withdraws their vote in favor of SegWit2x, there won't be enough support to activate it. Presently, Antpool and other pools linked to Jihan Wu own a lot more than 20% of hashing power, so their withdrawal means that SegWit2x falls flat right on its face. Apart from that, if through some miracle or direct intervention of Satoshi, UASF (Bip148) gets accepted, there is no way for miners to push Bad Blocks any more. That event, if it should happen, would mark the beginning of the end of mining as we know it today and likely rebirth of Bitcoin itself as well

[Amph]

remember that one of the two chain will be an altcoin, just that the other will be the one used by everyone else, also this happened with some alt, like ETH, did eth lose its value? no...

A very convenient position

That is, that the blockchain which should prevail will be a genuine Bitcoin while the other which succumbs will be an impostor, an altcoin. The main issue with this reasoning is that you don't know in advance which one will win and which one will lose. Further, you don't take into account the possibility that any of the competing blockchains may not have an overwhelming advantage over the rest of the pack, so things might get very complicated in respect to which blockchain is going to come out the winner. Apart from that, if Jihancoin succeeds, will you use it yourself?

which win will not matter much as long as you don't move your coin before the split you are safe regardless of what it happen, and your coins will likely be the one of the new main chain

by succeding you mean that jihancoin will be the main chain and be used by all the exchange, which for me translate into being the new "core chain" well at that point if everyone else use that fork i would be forced to use it too

but in any case i'm always with the core dev team...

[mdripon]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

I think not. Bitcoin demand growth fast and it is digital money market in the world.

[deisik]

remember that one of the two chain will be an altcoin, just that the other will be the one used by everyone else, also this happened with some alt, like ETH, did eth lose its value? no...

A very convenient position

That is, that the blockchain which should prevail will be a genuine Bitcoin while the other which succumbs will be an impostor, an altcoin. The main issue with this reasoning is that you don't know in advance which one will win and which one will lose. Further, you don't take into account the possibility that any of the competing blockchains may not have an overwhelming advantage over the rest of the pack, so things might get very complicated in respect to which blockchain is going to come out the winner. Apart from that, if Jihancoin succeeds, will you use it yourself?

which win will not matter much as long as you don't move your coin before the split you are safe regardless of what it happen, and your coins will likely be the one of the new main chain

Those who prefer to sit on the fence are usually the ones who got stripped most

It is the same as in war, when a country which doesn't want to side with any belligerent party may eventually end up invaded and split by every belligerent (Switzerland had been quite close to that in WWII). More specifically, you assume that you won't lose anything if you just stick to a "wait and see" approach without taking any action, while, in fact, you may be the one losing most since people may start actively dumping their coins if the hard fork happens for real and a dumping war quickly ensues. They would likely end up with at least some fiat on hands, while you may end up with just a pile of shitcoins worth nothing

[ilovefeetsmell]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

This is just a speculation, it is impossible to happen but it's alarming when you holding more than one bitcoin. Your bitcoin will become useless when split it into smaller about $2.6. I read it a few hours later about August 1 prediction, I can't believe that bitcoin will split because it is very popular and most of the people owning a bitcoin.  Maybe before August 1 panic selling of bitcoin. It is a bad news for those hard working people to own bitcoin.

[Willitivity]

Basically, the idea of Bitcoin splitting is one thing that will affect so many upcoming and already active ICOs negatively.
This will bring a drastic drop to the price of bitcoins.
Having too much bitcoins in your wallet but the value is nothing.
Again, how about Altcoins.

[TastyChillySauce00]

Basically, the idea of Bitcoin splitting is one thing that will affect so many upcoming and already active ICOs negatively.
This will bring a drastic drop to the price of bitcoins.
Having too much bitcoins in your wallet but the value is nothing.
Again, how about Altcoins.

How can you be very sure that the price will be falling hard? have you seen ETH splitting which makes the price of ETH is now thousands percent above the other one?.
There's still a chance for bitcoin to be either dumped or pumped hard but pretty curious what is your reason?

[DrGuns4Hands]

I don't like this split. it's so freaking bringing nightmare in bitcoin world. when segwit comes much better if you read the news here that you should withdraw all your bitcoin before august 1 in order to avoid error something like that it's better to ready than sorry right ? chain split is the most hard thing to accept that happening in bitcoin. but with the help of segwit we can minimize the transferring of funds .

[deisik]

2. Even if the split will happen, it will be nothing but a minor setback - Ethereum example is really interesting proof of that

We can't really hope for that

Ethereum split was sort of a Black Swan event, as far as I know, due to the DAO hack and the ensuing rollback of the blockchain, which part of an Ethereum community didn't agree to. With Bitcoin, it is an entirely different affair. If there should be a hard fork (personally, I don't think there will be any but still), it will be well prepared and organized by the mining cartel in advance (they might be getting ready to it right now). Obviously, they won't go for it if the odds are heavily off for them. And this is the scariest thing in the whole shebang if things are set to go that way

[Amph]

remember that one of the two chain will be an altcoin, just that the other will be the one used by everyone else, also this happened with some alt, like ETH, did eth lose its value? no...

A very convenient position

That is, that the blockchain which should prevail will be a genuine Bitcoin while the other which succumbs will be an impostor, an altcoin. The main issue with this reasoning is that you don't know in advance which one will win and which one will lose. Further, you don't take into account the possibility that any of the competing blockchains may not have an overwhelming advantage over the rest of the pack, so things might get very complicated in respect to which blockchain is going to come out the winner. Apart from that, if Jihancoin succeeds, will you use it yourself?

which win will not matter much as long as you don't move your coin before the split you are safe regardless of what it happen, and your coins will likely be the one of the new main chain

Those who prefer to sit on the fence are usually the ones who got stripped most

It is the same as in war, when a country which doesn't want to side with any belligerent party may eventually end up invaded and split by every belligerent (Switzerland had been quite close to that in WWII). More specifically, you assume that you won't lose anything if you just stick to a "wait and see" approach without taking any action, while, in fact, you may be the one losing most since people may start actively dumping their coins if the hard fork happens for real and a dumping war quickly ensues. They would likely end up with at least some fiat on hands, while you may end up with just a pile of shitcoins worth nothing

not really a good comparison, here it's better to not do anything with your money until all this drama about the split is done, or you are at higher risk to lose everything if you begin to move your coins

besides we can not do anything, unless you are a miners you can't really express your opinion on what you want it's better, you can only vote as a mienrs here

[deisik]

remember that one of the two chain will be an altcoin, just that the other will be the one used by everyone else, also this happened with some alt, like ETH, did eth lose its value? no...

A very convenient position

That is, that the blockchain which should prevail will be a genuine Bitcoin while the other which succumbs will be an impostor, an altcoin. The main issue with this reasoning is that you don't know in advance which one will win and which one will lose. Further, you don't take into account the possibility that any of the competing blockchains may not have an overwhelming advantage over the rest of the pack, so things might get very complicated in respect to which blockchain is going to come out the winner. Apart from that, if Jihancoin succeeds, will you use it yourself?

which win will not matter much as long as you don't move your coin before the split you are safe regardless of what it happen, and your coins will likely be the one of the new main chain

Those who prefer to sit on the fence are usually the ones who got stripped most

It is the same as in war, when a country which doesn't want to side with any belligerent party may eventually end up invaded and split by every belligerent (Switzerland had been quite close to that in WWII). More specifically, you assume that you won't lose anything if you just stick to a "wait and see" approach without taking any action, while, in fact, you may be the one losing most since people may start actively dumping their coins if the hard fork happens for real and a dumping war quickly ensues. They would likely end up with at least some fiat on hands, while you may end up with just a pile of shitcoins worth nothing

not really a good comparison, here it's better to not do anything with your money until all this drama about the split is done, or you are at higher risk to lose everythign if you begin to move your coins

besides we can not do anything, unless you are a miners you can't really express your opinion on what you want it's better, you can onyl vote as a mienrs here

I strongly disagree with this approach

But I certainly understand people like you who are passive in their attitude and prefer just to hope for the best instead of actually doing something to get there. In this case, specifically, you can sell your bitcoins (some part thereof), and if you sold them a week ago, you would have already saved like 400 dollars per bitcoin. You could have bought altcoins (as I bought some lites). Simply put, I disagree that there is nothing what you or me, or we can do. Remember that the absence of proof is not the proof of absence. In other words, if we don't know what to do, it doesn't in the least mean that there is nothing what we can do. It is no more than just our lack of knowledge. And even this lack of knowledge itself is not set in stone, and there are certainly ways to fill this void even though we might not be aware of these ways at this point

[inthelongrun]

I don't see a split coming. Although that is possible, a worst case scenario of sort. But I know the team behind bitcoin, the developers, and the miners are doing their best to come up with the most viable option and split is not among them. They are all avoiding a split as it would complicate matters worse.

[Amph]

remember that one of the two chain will be an altcoin, just that the other will be the one used by everyone else, also this happened with some alt, like ETH, did eth lose its value? no...

A very convenient position

That is, that the blockchain which should prevail will be a genuine Bitcoin while the other which succumbs will be an impostor, an altcoin. The main issue with this reasoning is that you don't know in advance which one will win and which one will lose. Further, you don't take into account the possibility that any of the competing blockchains may not have an overwhelming advantage over the rest of the pack, so things might get very complicated in respect to which blockchain is going to come out the winner. Apart from that, if Jihancoin succeeds, will you use it yourself?

which win will not matter much as long as you don't move your coin before the split you are safe regardless of what it happen, and your coins will likely be the one of the new main chain

Those who prefer to sit on the fence are usually the ones who got stripped most

It is the same as in war, when a country which doesn't want to side with any belligerent party may eventually end up invaded and split by every belligerent (Switzerland had been quite close to that in WWII). More specifically, you assume that you won't lose anything if you just stick to a "wait and see" approach without taking any action, while, in fact, you may be the one losing most since people may start actively dumping their coins if the hard fork happens for real and a dumping war quickly ensues. They would likely end up with at least some fiat on hands, while you may end up with just a pile of shitcoins worth nothing

not really a good comparison, here it's better to not do anything with your money until all this drama about the split is done, or you are at higher risk to lose everythign if you begin to move your coins

besides we can not do anything, unless you are a miners you can't really express your opinion on what you want it's better, you can onyl vote as a mienrs here

I strongly disagree with this approach

But I certainly understand people like you who are passive in their attitude and prefer just to hope for the best instead of actually doing something to get there. In this case, specifically, you can sell your bitcoins (some part thereof), and if you sold them a week ago, you would have already saved like 400 dollars per bitcoin. You could have bought altcoins (as I bought some lites). Simply put, I disagree that there is nothing what you or me, or we can do. Remember that the absence of proof is not the proof of absence. In other words, if we don't know what to do, it doesn't in the least mean that there is nothing what we can do. It is no more than just our lack of knowledge. And even this lack of knowledge itself is not set in stone, and there are certainly ways to fill this void even though we might not be aware of these ways at this point

ah well i can agree that selling now or before, maybe was a good move for two reasons, one because it would give you some profit, the other because you would secure your bitcoin on the exchange, in case they decide to act strange and choose another fork

but i don't like trading, i prefer to hold until i have my target reached, not to dump of course but to use more my coins, also i don't want to expose much my cold storage by selling now and buying again, not worth the risk for now

[Yatsan]

I don't like this split. it's so freaking bringing nightmare in bitcoin world. when segwit comes much better if you read the news here that you should withdraw all your bitcoin before august 1 in order to avoid error something like that it's better to ready than sorry right ? chain split is the most hard thing to accept that happening in bitcoin. but with the help of segwit we can minimize the transferring of funds .

For now the bitcoin is going down because of that several news and other currency is going down too because of that. I think it is more okay if they will not make a change with the bitcoin because it is really doom for all of us holders. But it is really happening and in my situation I will hold my coins no matter what is going to happen.

[equator]

I don't like this split. it's so freaking bringing nightmare in bitcoin world. when segwit comes much better if you read the news here that you should withdraw all your bitcoin before august 1 in order to avoid error something like that it's better to ready than sorry right ? chain split is the most hard thing to accept that happening in bitcoin. but with the help of segwit we can minimize the transferring of funds .

For now the bitcoin is going down because of that several news and other currency is going down too because of that. I think it is more okay if they will not make a change with the bitcoin because it is really doom for all of us holders. But it is really happening and in my situation I will hold my coins no matter what is going to happen.

Split of Bitcoin will be only done if Segwit2x is failed then they will go for hardfork and then the bitcoin will be splitted and which bitcoin will survive will take over the other coin. If the Segwit2x is success fully loaded then we wont see bitcoin getting split and then the price will burst high and who ever have sold in low will be back crying for selling coins in low.

[mackenzied]

Basically, the idea of Bitcoin splitting is one thing that will affect so many upcoming and already active ICOs negatively.
This will bring a drastic drop to the price of bitcoins.
Having too much bitcoins in your wallet but the value is nothing.
Again, how about Altcoins.

How can you be very sure that the price will be falling hard? have you seen ETH splitting which makes the price of ETH is now thousands percent above the other one?.
There's still a chance for bitcoin to be either dumped or pumped hard but pretty curious what is your reason?

Unlike ETH, for BTC, hardfork has failed many times, ETH has absolutely good reason to succeed, but with bitcoin, it comes from a lot of different opinions, so it always fails.

[orarider]

Basically, the idea of Bitcoin splitting is one thing that will affect so many upcoming and already active ICOs negatively.
This will bring a drastic drop to the price of bitcoins.
Having too much bitcoins in your wallet but the value is nothing.
Again, how about Altcoins.

How can you be very sure that the price will be falling hard? have you seen ETH splitting which makes the price of ETH is now thousands percent above the other one?.
There's still a chance for bitcoin to be either dumped or pumped hard but pretty curious what is your reason?

Actually, it has been shown that the value of bitcoin will decrease sharply when it is split, even, its value will continue to go down, ETH and ETC unlike bitcoin, they have a reason for ETC to be formed. Is a legitimate reason for the whole community.

[Bezobraznike]

“I think there's less than 10 percent chance of a hard fork anytime soon. I might be wrong of course, but I'm not worried. Honey badger will survive,” said Antonopoulos.
   
   After I went trough this thread, and saw many confused comments, I decided to search internet for some more concretely answers. I did not found much, experts also are just speculating like people in this
thread. There are two groups and they are arguing as I understand, there are optimistic and pessimistic predictions, in what to believe?
   I noticed that all of them are suggesting how to keep bitcoins safe in this troubled times. This is not my idea, but one guy suggested why not to buy some other coin and wait? Like eth, or zcahs, litecoin,
I do not have some big knowledge about this alt-coins, but maybe this is good, eth can be used on many places now like bitcoin, so why not to buy other coin and wait bitcoin to finish with this 1 august.

[Potato Chips]

Basically, the idea of Bitcoin splitting is one thing that will affect so many upcoming and already active ICOs negatively.
This will bring a drastic drop to the price of bitcoins.
Having too much bitcoins in your wallet but the value is nothing.
Again, how about Altcoins.

How can you be very sure that the price will be falling hard? have you seen ETH splitting which makes the price of ETH is now thousands percent above the other one?.
There's still a chance for bitcoin to be either dumped or pumped hard but pretty curious what is your reason?

Actually, it has been shown that the value of bitcoin will decrease sharply when it is split, even, its value will continue to go down, ETH and ETC unlike bitcoin, they have a reason for ETC to be formed. Is a legitimate reason for the whole community.

It hasn't been shown as the split is not yet to happen we're still a few week to go however things are starting to change hinting the price decrease even though the potential split

is not yet to happen. as seen on coinmarketcap https://coinmarketcap.com/charts/#btc-percentage bitcoin dominance dropped to 49% and i'm afraid it'll continue.

lol so you think having BU to happen is just for fun and not a legitimate reason? i believe its a valid reason because its aim is for the good of bitcoin although it may take a long

time for bitcoin to go back to its price now.

[DuaLipa]

I do not think that SEGWIT will cause a split. Litecoin didn't have a problem with it. But i really would like it to split to see some volatility  

Yes but the problem how can we understand this. I'm so sick of seeing lots of rumors about it. We really need accurate information. And I understood that whales like uncertainty.

[olubams]

I do not think that SEGWIT will cause a split. Litecoin didn't have a problem with it. But i really would like it to split to see some volatility  

Yes but the problem how can we understand this. I'm so sick of seeing lots of rumors about it. We really need accurate information. And I understood that whales like uncertainty.

Rather than speculating whatever will happen on August 1, its just few days left to know what will eventually happen, all that is required from each and every one of us is to take to precaution and suggestions on the forum of keeping our funds safe in a more secure way and wait for the outcome since there is nothing any one can do about that now.

[bitcoinvestor]

Bitcoin split is possible and may happen in the near future, why the opposite voters for Segwit is about 20 %. They will make their own network, miners, and nodes . But bitcoin will stand still because 80% miners vote for Segwit. Allthough there is change in bitcoin fee may be, the change will not effect to the network and not cause zero value bitcoin

https://www.cryptocoinsnews.com/segwit-reaches-80-of-the-hashrate-likely-to-soon-activate/

[deisik]

I do not think that SEGWIT will cause a split. Litecoin didn't have a problem with it. But i really would like it to split to see some volatility 

Tomorrow, i.e. the 22nd of July, ViaBTC kicks off their own Bitcoin

It's called Bitcoin Cash, Bitcoin ABC, or something to that tune, and it is a split by any name. But at the same time they seem to support SegWit2x, which is rather strange unless they know something that we don't. I think there can be a bug in the SegWit2x code which they are going to exploit when the right time comes. Creating their own variety of Bitcoin is an obvious step in such circumstances. Apart from that, Litecoin is not Bitcoin, it didn't have two years of disgustful infighting, incessant quarrels and futile arguments among developers and miners, so it can hardly be used here as an example

[queenhallmark]

Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?

I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10

It will have only a minor effect, because despite the split, the market capitalization is not going to change. But I assume that if the prices change from $2,600 to $26, then BTC will become attractive for a lot of the small-scale and medium-scale investors, who are currently trying their luck with altcoins such as Ethereum, Ripple and Litecoin.

Likelihood o it relies upon its acknowledgment and its adjustment by the general population, which is by a long shot low so becomes its likelihood moderately. Nobody is agonizing over it as individuals don't think the split will happen. Some have additionally recommended and denoted this thing as a plan to make individuals perplexed of bitcoin and prevent new financial specialists from joining bitcoin advertise.