Bitcoin price may fall after August 1? is it really gonna happen

in #bitcoin7 years ago

Under Bitcoin Improvement Proposal (BIP) 148, Bitcoin will be undergoing a user activated soft fork on August 1, 2017.There are three possible outcomes of the soft fork, although the exact outcome is unknown as the outcome will depend on the actions of the nodes on the network.

In a worst case scenario, BIP 148 could cause Bitcoin to chain split into two separate blockchains, one with SegWit activated and one without.

However there are 3 possible scenarios.
bitcoin_resurgence_400.jpg

  1. BIP 148 succeeds :
    The convention overhaul will actuate easily. Rebellious squares will be stranded. Bitcoin goes on precisely as it did on July 31st yet with all pieces motioning for SegWit and all SegWit-prepared hubs will in the end initiate SegWit. No one needs to change any of their product.

  2. BIP 148 fails :
    On the off chance that no hubs are running BIP148, at that point BIP148 has fizzled. Bitcoin goes on precisely as it did on July 31st. Individuals who introduced BIP148 hubs need to move back their hubs to have the capacity to spend their bitcoins. Every other person is unaffected.

  3. Neither side is a clear winner :
    Neither one of the sides is the unmistakable champ and the blockchain parts, where two variants of the blockchain rise. This is the fiasco situation. All coins that existed before the chain split will exist on both chains. On the off chance that there is a more prominent interest for the squares created by the BIP148 mineworkers, at that point benefit driven excavators would in the end run to BIP148 chain.

Most likely, one of the first two scenarios will unfold, where BIP148 either succeeds triumphantly or fails definitively, and Bitcoin will go on as it were, for better or for worse. Yet despite the odds, however improbable, an investor must always consider the worst case scenario in his or her risk-reward evaluation and examine if taking on the according risk-reward is appropriate for the goals of his or her portfolio

Sort:  

I hope for the best for bitcoin.

me too lets just hope that the trend continues

useful info man! Followed

Thank you @juanky appreciate that

Coin Marketplace

STEEM 0.20
TRX 0.12
JST 0.028
BTC 65809.08
ETH 3604.05
USDT 1.00
SBD 2.54