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RE: What will happen to Bitcoin on the 1st of August?

in #bitcoin7 years ago

Nothing will happen, its a different blockchain.

However, if Bitcoin price tanks it will for sure tank most of other cryptocurrencies too. This is why I recommend hedging against smartcoins that have a fixed value like SBD (1 dollar worth of steem) and BitUSD (one dollar worth of BTS).

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Thanks for your answer. I know It's a different blockchain but the 2nd part u answered was my actual question. Thnx