Bitcoin, Information on what you need to know about the hard fork [great video to watch] Are you ready?
BITCOIN - The Hard Fork? Are you ready..
So whats this all about many people are saying or trying to understand the exodus.
What is it?
A hard fork is a software upgrade that introduces a new rule to the network that isn't compatible with the older software. You can think of a hard fork as an expansion of the rules. (A new rule that allows block size to be 2MB instead of 1MB would require a hard fork).
What will happen to your Bitcoins?
Bitcoin holders should know is that in the event of a hard fork that splits the blockchain, bitcoins you possess will be perfectly safe.
Over the past year or so hard forks have endured a bad reputation for political reasons, but in actuality, most types of forks are merely protocol upgrades. A blockchain split occurs during a hard fork which in turn branches the chain into two parts. If this happens, there is nothing a bitcoin holder has to do but wait and watch the fork unfold.
This is simply what transpires during the transition.
The future of Bitcoin according to an analyst in May of 2017:
Here's what they had to say ...
Bitcoin could hit $100,000 in 10 years, says the analyst who correctly called its $2,000 price.
Bitcoin could make up 10 percent of the $5 trillion average daily volume in the foreign exchange market in 10 years, according to Saxo Bank analyst Kay Van-Petersen.
Its market capitalization could grow to $1.75 trillion which would make each bitcoin worth $100,000.
What to do now? Tips...
Don't panic. If you have Bitcoin then hold onto it until the fork takes place or more so once Bitcoin heads back up then you back in the plus zone.
There are many other ways and steps one can proceed with.
Investing in other coins for instance Litecoin.
Do this before the big announcement which will take place end of July beginning of August.
In other words do this now if you are reading this post. ( I have received the signal and now passing this information on to you )
Ripple is another coin which will sky rocket in time but this is a longer hold than Litecoin.
Patience is the underlying key factor.
The best advice I can give if you anxious and looking at spreading your wings is '' To Build Your Wealth with GOLD ''
Bitcoin is growing and has been around for several years and will most likely shape the future. ( Time frame unknown )
Grow your Bitcoin. http://www.usiview.com/?ref=NetProfits
Gold has retained a value now for over 5000 years...with this knowledge we are already in the future and this speaks for itself!
Protect your future. http://protectyourfuture.goodwinlifestyle.com/
Have a great day, thanks for reading my post.
steemit@ggoodwin