Probability of Bitcoin split

[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.

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[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.