I've been hearing murmurs (and sorry if this isn't completely correct) about a possible soft fork due to two different schools of thought from those running nodes as to what should be done to address transaction overload problems on the BTC network. Worst case could mean BTC splits into two chains, and thereby two different coins (like Ethereum and Ethereum Classic). It seems to me the likely outcome is a drop in price, but maybe it actually soars if the two schools come together and prevent a split. Who knows, but something to be aware of for BTC investors.
Many thanks for the info. Was not aware of this. It will be very interesting to see what happens.
I actually don't hold BTC very often. The value of my Bittrex account is made up from other alt coin investments. But I am wondering now how these will be affected if BTC were to suddenly crash?
Sure, no problem. So far, things seem to be okay, but it will be interesting to see what happens. I'm quite sure the value of altcoins would crash with BTC in the event of catastrophe at least in terms of USD value since their value is tied to BTC's. But if BTC does split, maybe that will cause some changes to that, or maybe ETH will become the leading coin used as a base. Who knows!
I've been hearing murmurs (and sorry if this isn't completely correct) about a possible soft fork due to two different schools of thought from those running nodes as to what should be done to address transaction overload problems on the BTC network. Worst case could mean BTC splits into two chains, and thereby two different coins (like Ethereum and Ethereum Classic). It seems to me the likely outcome is a drop in price, but maybe it actually soars if the two schools come together and prevent a split. Who knows, but something to be aware of for BTC investors.
Read more here or Google it :)
https://seekingalpha.com/article/4081991-august-1st-end-bitcoin
Many thanks for the info. Was not aware of this. It will be very interesting to see what happens.
I actually don't hold BTC very often. The value of my Bittrex account is made up from other alt coin investments. But I am wondering now how these will be affected if BTC were to suddenly crash?
Sure, no problem. So far, things seem to be okay, but it will be interesting to see what happens. I'm quite sure the value of altcoins would crash with BTC in the event of catastrophe at least in terms of USD value since their value is tied to BTC's. But if BTC does split, maybe that will cause some changes to that, or maybe ETH will become the leading coin used as a base. Who knows!