Bitcoin: Want to know about UASF(User Activated Soft Fork)???????

 For non technical users:
If UASF succeeds or fails, in both cases, there will be only 1 bitcoin version in the end. In this case, the only thing you have to worry about is the volatility that might (or might not) happen to bitcoin price.The other thing that users are concerned about is the possibility of a chain split (in past we wrongly used the word ‘hard fork’ instead of chain split to describe this). That is, 2 versions of bitcoin get created. This has happened in the past with Ethereum in a different situation. This is not impossible. However, according to us, it is highly unlikely. 

                                                                     

 What do I suggest you do? 

 

1. Do not do transactions from 1st August if this matter is not resolved before that and if we don’t have a clear winner. You can resume transactions once a clear scenario emerges.
2. Do not accept or send transactions from 31st July. Do not consider a transaction final (send or receive) from 1st August till the situation settles.

                                                         So what about the price?

Wish we knew :). Our guess is as good as yours, yesterday, today and tomorrow.For regular users, you can stop reading. However, if you want some technical jargon, continue.