Bitcoin should remain at it's current levels, but with so many new people getting into the market it's anyones guess now. From what I understand, BTC will be split into 2 on hardwallets. Half will be BTC and the other half will be "Bitcoin cash". After August 1st, anyone with Bitcoin cash has the option to either keep it and trade it as priced, or sell it back to get BTC.
So we'll just have to wait and see what most people do when the time comes. It's a waiting game now. I mean, you can't even use BTC right now because of all this crap. Every exchange and any kind of crypto platform that uses BTC has paused anything to do with BTC. This is screwing with a lot of people's money.
There has been a great amount of uncertainty injewcted into the market because of it. It used to be that everyone wasn't worried about the August 1st deadline, but now it's all anyone can talk about. It's disrupted how everyone trades, platforms going down until it all subsides, BTC having to be taken off of exchanges, etc..
As of right now, people are taking their BTC off the table on hanging back. But, they'll be spectating for AWHILE. There has been a lot of talk of not returning to "normal" for a couple of months...which will really suck because It's been relatively easy to make exquisite profits as of lately. Hopefully we can make some moves to beef up our portfolios after the storm has passed.
Thanks for the education
Long time no chat :)
I think it's important to remember that your Bitcoin is not being "split" into 2. You will keep your original BTC and recieve BTCC at a 1:1 ratio for absolutely nothing. Your original BTC will continue as planned according to BIP91. BTCC is a new cryptocurrency going against the consensus to create a 8mb no segwit blockchain. Nothing has changed. You get a free share drop and BTC continues as normal. BTCC was in development for over a year so this is just par the course I think
Hmmm, good to know. I just want this to be over so we can concentrate on bigger and better things. Whether it be with a new split or not, i just want my portfolio to GROW!