Bitcoin is Forking Again in November. What Will Happen Now?

in #bitcoin7 years ago

Bitcoin will fork again in 3 months. After bitcoin cash trying to provide solution with bitcoin scaling problem by increasing its blocksize to 8MB, another group of miners still think this isn't enough. Thus they are making their own.

This third group got together and bound themself in an agreement called New York Agreement, and one of the major key player in the group is Bitmain.

This third fork will be called Segwit2x although the name for the coin itself haven't being published. The solution that they are offering from this fork is that they will expand the block into 2MB and use Segwit which is an upgrade from bitcoin which is only 2MB and also use Segwit.

Now reflecting on what happens last time in the market, these are the things that might happen again :

  1. Bitcoin and/or Bitcoin Cash will temporarily crashed because of the panic selling
  2. Exchanges will offer free new crypto from the result of the fork
  3. Bitcoin and/or Bitcoin Cash and/or The Segwit2x coin will soar high depends on the support of the market falls to which coin

This situation may or may not happen since perhaps everyone has learned that fork is nothing to be afraid of. But aren't they?

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More free money on the split!

Ex - fukin - actly buddy. Keep piling BTC now and get more free money on November

Impressive!

you received an up vote from danlupi with voting power of 100.00%

Man judging by your name... Are you setting us all up lol

Am I? or am I? Dunn dun dun (roll in dramatic backsound)

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