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Author Topic: Will bitcoin split on 1th august or no?  (Read 3702 times)
BitcoinNewsMagazine
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July 20, 2017, 07:53:27 PM
 #21

Don't panic and just have some patience we will only know it on first august but you have to keep in mind that segwit2x is just a soft fork and not a hardfork so it will not split the network itself. Only few miner may continue mining new bitcoin clone using old bitcoin blockchain after segwit activation.

SegWit2X is this.

Stage 1 -- lock in (currently in progress).
Stage 2 -- activation.
Stage 3 -- hard fork.

I must however point out that the actual hard fork will happen roughly 3 months after activation, so from that point of view, we shouldn't cheer to soon. Step 1 and 2 are the easiest and least risky steps. After that we'll likely face another period of fud and uncertainties. I just want this scaling obstacle to finally get wiped off the table, but as long as the hard fork hasn't kicked in, things are not yet over. On the other hand, the volatility that these uncertainties bring are quite profitable, so I have to nurse myself with the opportunities being offered to me.

For newcomers SegWit2X activation does not necessarily mean a hard fork 3 months later. Most of the miners signaling BIP91 are just running a patched version of core, not the btc1 client. We would need a majority of miners to actually switch over to btc1 for the later hard fork to occur.

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July 20, 2017, 08:12:47 PM
 #22

probably not ! Just make predictions only, because bitcoin has become the main target, it is impossible to speculate with the famous bitcoin and become the main project.

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July 20, 2017, 09:50:14 PM
 #23

can someone tell me if btc will split on 1th of august or nah?

FUD spread that there is a possible chain split but it seems that won't happen.  The support for Bip 91 is enough to lock down the update and secure the chain and prevent the possible chain split. Aside from that some major exchange just release an announcement of not accepting split chain created by UAHF.
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July 20, 2017, 11:46:17 PM
 #24

probably not ! Just make predictions only, because bitcoin has become the main target, it is impossible to speculate with the famous bitcoin and become the main project.
Yes, speculators get a lot of money when they get low prices, and now the price of bitcoin is almost $ 3,000. Fantastic hike, and the highest this year is happening today.
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July 20, 2017, 11:48:16 PM
 #25

For newcomers SegWit2X activation does not necessarily mean a hard fork 3 months later. Most of the miners signaling BIP91 are just running a patched version of core, not the btc1 client. We would need a majority of miners to actually switch over to btc1 for the later hard fork to occur.

I just described the logical steps of how things should go without any drawbacks. But yes, it still doesn't mean the hard fork will actually happen, which is exactly why I mentioned that we will likely face another period of fud and uncertainties, prior to the actual hard fork. Till that time the market will continue to experience a heavy load of volatility. We'll see what happens -- there won't be a stage 3 without completing stage 1 and 2 first. Smiley
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July 21, 2017, 12:57:16 AM
 #26

Lets just wait until August 1 then we will know what will happen.

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July 21, 2017, 12:58:35 AM
 #27

Do read my signature, it have all answers.

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July 21, 2017, 01:04:04 AM
 #28

http://www.bitcoincash.org

BitcoinCash BCC on August 1st.

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July 21, 2017, 01:06:45 AM
 #29

Lets just wait until August 1 then we will know what will happen.

No need. Split worries are now officially over. BIP 148 isn't going to be needed.
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July 21, 2017, 01:15:31 AM
 #30

can someone tell me if btc will split on 1th of august or nah?

Have Patience!!  Cheesy
I used to believe in bitcoin. I hope after August 1 bitcoin price will increase but now I am quite afraid. Bitcoin drops pretty fast. That's why I'm suspicious

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July 21, 2017, 01:49:19 AM
 #31

Lets just wait until August 1 then we will know what will happen.

No need. Split worries are now officially over. BIP 148 isn't going to be needed.
Bitcoin's price increased substantially over the period of last 24 hours - we have almost 20% price rise and soon we will have new ATH and BTC won't ever go back below $2000
This is how markets react to a successful scaling outcome, SegWit is now locked in and we are waiting only for its activation which will happen in ~300 blocks.
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July 21, 2017, 02:37:11 AM
 #32

Theres a 50-50 chance for bitcoin to split on August 1. Others are backing up thier bitcoins. But in my opinion it would be wise if you will turn all of your bitcoin to altcoins? Just buy altcoins. After August 1, rebuy your Bitcoin using your altcoins.

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July 21, 2017, 03:16:12 AM
 #33

Theres a 50-50 chance for bitcoin to split on August 1. Others are backing up thier bitcoins. But in my opinion it would be wise if you will turn all of your bitcoin to altcoins? Just buy altcoins. After August 1, rebuy your Bitcoin using your altcoins.


Where did you get 50-50 from?
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July 21, 2017, 03:33:35 AM
 #34

http://www.bitcoincash.org

BitcoinCash BCC on August 1st.

BCC is going to be an altcoin rather than a split in the original Bitcoin blockchain, right? So what do I need to do in order to claim these coins? Do I need to import the private key of my Bitcoin wallet in to the BCC wallet? Isn't that risky?

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July 21, 2017, 03:34:51 AM
 #35

can someone tell me if btc will split on 1th of august or nah?

there are some news saying that there will be a split in bitcoin in august 1 , but no one knows yet what will really happen. maybe will just have to wait and see.  in my case ill just withdraw my remaining bitcoins in my wallet before august 1.
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July 21, 2017, 03:44:22 AM
 #36

possibly no split, but no one really know. If someone did something, it could create a small split, but I don't think it will affect much the price.
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July 21, 2017, 03:45:27 AM
 #37

can someone tell me if btc will split on 1th of august or nah?

there are some news saying that there will be a split in bitcoin in august 1 , but no one knows yet what will really happen. maybe will just have to wait and see.  in my case ill just withdraw my remaining bitcoins in my wallet before august 1.

if anyone is saying "there will be split" they are spreading FUD.
before yesterday, all we could say was there is a small chance of a split happening because the signalling has not yet started but it was small because support for fork was high.
today we can say with a good confidence that there won't be any split anymore because of the high percentage of the support.

any other split that you may hear about such as the one that bitmain is pushing is not a split in bitcoin, it is creating an altcoin. you can think of it as all those altcoins that have so far forked off of bitcoin into a separate chain.

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July 21, 2017, 03:56:30 AM
 #38

can someone tell me if btc will split on 1th of august or nah?
If you are reading news about bitcoin scaling or just looking at the coin.dance, you will know what is happening, segwit2x (BIP91) has been successfully locked in (with 93.1% support) now we will have to wait exactly 328 blocks to activate the BIP 91. thus, UASF (BIP 148) will not activate and the chain split will not happen.
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July 21, 2017, 05:14:28 AM
 #39

can someone tell me if btc will split on 1th of august or nah?
Do you live in the MOON!! or in this planet? yes, Bitcoin spilit will happen in 1st August. take a look Theymos post link, it can help you to stay safe in Bitcoin world. first link: https://bitcointalk.org/index.php?topic=2017191.0 2nd link that is explanation: https://bitcointalk.org/index.php?topic=2012799.0
Now lock this thread for prevent signature spam. you will found lock option down below the post in left site.just click on the lock.
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July 21, 2017, 06:07:34 AM
Last edit: July 21, 2017, 06:36:22 AM by krishnapramod
 #40

http://www.bitcoincash.org

BitcoinCash BCC on August 1st.

BCC is going to be an altcoin rather than a split in the original Bitcoin blockchain, right? So what do I need to do in order to claim these coins? Do I need to import the private key of my Bitcoin wallet in to the BCC wallet? Isn't that risky?

Bitcoin ABC client would create a new blockchain and would mine Bitcoin Cash (BCC) on BCC mining pool, its simply an alt, nothing to do with the main chain. This ABC plan was proposed by ViaBTC, around 4.6% hashrate. At a time where Segwit activation looks certain without causing a split, ViaBTC has to be batshit crazy to go ahead with creating a BCC mining pool with such a low majority to mine BCC.

If they do it then it would be on August 1. According to their UAHF plan they would be launching a BCC mining pool tomorrow, July 22. Let's see if that happens, most probably not and there would be no split on August 1.

https://medium.com/@ViaBTC/statement-on-bitcoin-user-activated-hard-fork-6e7aebb67e67

If this happens, then you would have to convert your bitcoin to this ABC altcoin, is it worth it?
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