August 31? Is this bitcoins "DOOMSDAY"?
As the bitcoin grows many transaction will be made and this will cause for high fees and slow transaction speed. For this to come up they make a solution, and it is SegWit2x.
On July 31st, the activation of SegWit2x is scheduled to take place. This will only happen if there is over 80% signaling support from the Bitcoin miners, which appears to be the case at the time of writing. SegWit2x will introduce Segregated Witness first, followed by a block size increase to 2MB three months later.
There is a distinct possibility SegWit2x may lead to a Bitcoin blockchain split down the line. SegWit2x is a solution enforced by miners, and it has the support of most major mining pools. However, the rest of the community just wants to see Segregated Witness activate without the increase to 2MB blocks. This is why August 1st is the “official” activation day for Segregated Witness through the user-activated soft fork, also known as BIP148
But for the good news. If you have a bitcoin this will only split into two, "BTC AND BTU". But remember that the price might be so volatile.
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