Nice write up. The outcome of august first bitcoin fork is still in a state of debate and there are still more to unravelled. In the event of hardfork, bitcoin under the users control will not magically double as many think Instead, you will have balances in two separate cryptocurrencies. (Some people are calling this the “148 Bitcoin” and the “Legacy Bitcoin,” respectively). To complicate things further, there could potentially even be a third “BitcoinABC” after August 4th.

If you don’t spend any of your coins during the first few days of August, you’ll own coins on at least two of those chains. It’s recommended you wait until the dust has settled before attempting to send your coins anywhere.

You will most likely need to download or update your existing wallet software in order to access the separated chains, since for all intents and purposes, they will be different currencies. (Source: http://www.bitsonline.com/bitcoin-wallet-ready-hard-fork-august/)

Some expert still suggest that bitcoin holders should backup their coin using an offline wallet.eg ledger wallet.So as to safely secure your bitcoin and finally move it back whatever the case might be.

What Will the Price Be After a Hard Fork?

No one knows, but it should be mentioned that this isn’t like a stock split.

If Bitcoin is worth $2,000 going into the split, 148BTC and LegacyBTC won’t suddenly become $1,000 each. It’s likely that things will look similar to Ethereum after its 2016 hard fork, which resulted in Ethereum (the new chain, currently around $250) and Ethereum Classic (the old chain, currently around $20). The key difference of course is that Ether was only worth $10 prior to its hard fork, so it didn’t have anywhere near as large a market cap as Bitcoin currently does.

It’s impossible to predict what will happen to Bitcoin after a hard fork, but it’s likely that prices will drop while things are sorting themselves out. There will be very little transaction volume on the network, as people will be loathe to risk using their coins.