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

[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.