If you have Bitcoin and you don't really understand what hard or softfork means. I found this youtube video by Andreas M. Antonopoulos that you might need to watch. He is an expert in Blockchain technology.
Some useful Tips from the lecture are:
- Wait for things to stabilize after Bitcoin Hardfork is implemented
- Do not try to send fund immediately after the Hardfork
I hope you found this video useful. However, It's not advisable for you to panic and sell you Bitcoin because of this Hardfork.
Disclaimer: Please, the information in this article should not be regarded as “investment advice” or as a “recommendation” regarding a course of action. The use of this information is at your own risk.
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there are a LOT of rumours that this could be actually taking place, which would almost all but destroy the value of bitcoin
i know many investors who say they'll completely back away from bitcoin and go into etherem full force because part of the "charm" of bitcoin is that there are only 21 million units, if the split occurs and there are then 42 million coins it then defeats the original purpose... its going to be a very interesting next few months in the crypto world
@morderninvestor, I agreed with you. There is alot of rumors out there. But. i think Bitcoin will come out strong. The implementation might be smoother than what people expect.