What people do with bitcoin in November 2017

in bitcoin •  7 years ago 

Much Like August 1st, and the hard fork that just passed us, November will bring much of the same. Even though Segwit has been activated, miners commited (or at least its assumed that most committed), to agree to increase blocksize from 1 MB to 2 MB.

If all the miners do not agree, we will see another hard for of Bitcoin. If there is 100% miner support for the increase in block size, there will be no hard fork. If there is not, we will have 3 bitcoin like coins. Bitcoin cash, bitcoin, and the 3rd new coin that is created by the split of the current bitcoin.

I think it is less likely that we hard fork in November than the fork that just occurred. Mainly because it is known that most miners will agree to the increase in block size. However, this is certainly no guarantee, and we very well could have a split.

What this will likely cause, is fear and people to pull out their money, much like what happened in July. This will take place in October in the weeks leading up to the potential fork. Until then, I expect bitcoin to remain bullish.

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Source: https://www.quora.com/What-should-I-do-in-November-2017-for-Bitcoin

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