Probability of Bitcoin split

[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.

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[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