TIPS ON HOW TO HANDLE THE SPLIT OF BITCOIN - AUGUST 1, 2017

in #bitcoin • 7 years ago

Talking about the split if Bitcoin this coming August 1, 2017, there's Good and Bad things about this event.


GOOD THING

- Shortly after this fork or split of Bitcoin, everybody would benifit from it since the reason of this split is to improve the traffic of bitcoins in the blockchain.


BAD THING

- If you don't have the private keys of your bitcoin wallet, your coins is at RISK  and also if this split would continue for long, there would be two kinds of bitcoin  "148 BTC" and "Legacy BTC".

will be very crucial since the other bitcoin (Legacy Bitcoin) might be dissolved and there would be a loss of coins.


Note:

1. Make sure to secure your private keys of your wallet. 

i.e. Jaxx.io or Coinomi provides private keys.


2. If your wallet does not provide private keys, better to enable "2FA" or Two factor Authentication to provide 2nd layer of security on your wallet.


#chain-split #private #keys
7 years ago in #bitcoin by
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     7 years ago (edited)

    It's not a hardfork. What the fuck? Segwit is a softfork and will not result in 2 coins. Stop spreading FUD. FFS.

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       7 years ago 

      This is just a possibility, if this is not applicable to you, then by all means ignore it.

      Oh, i forgot to include my reference.

      https://ethtrade.org/education#news145

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         7 years ago 

        There's actually a chance that if we don't reach the quorum Bitcoin will hard fork in BIP 148 and Bitcoin Legacy (or Classic). It's not a FUD and it's actually the main reason of the current price correction:
        https://steemit.com/bitcoin/@rainelemental/day-9-bitcoin-price-crash-explained-july-august

        @inity hope this helps!

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           7 years ago 

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             5 years ago 

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