On August 1st 2017 the Bitcoin Cash (Bcash) unfriendly fork of Bitcoin took place. This created an altcoin with an increased block size, with the aim of replacing the original Bitcoin as the number one cryptocurrency. In reality, what it meant was that holders of Bitcoin, who controlled their own private key, received free cryptocurrency dividends, in the form of an equivalent quantity of Bcash.
During November 2017 another unfriendly fork of Bitcoin is coming, called SegWit2x. In preparation for this event, make sure that your Bitcoin is securely held on a storage device and not at an exchange. That will ensure that your Bitcoin is safe during the fork and that you don't miss out on the free cryptocurreny dividends that will come as a result. This free crypto could then be traded for more Bitcoin, so it will give you another opportunity to increase your holdings of the number one coin.
SegWit2x is not to be confused with the upcoming Bitcoin Gold (Bgold) friendly fork, which I wrote about here.
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
Like what you've read?
Please consider leaving a tip at 14UFE26Cs8v5fKS7XR9cipdijA3W23LTQu or scan the QR code above. You can also subscribe to keep up to date with the latest posts. Thanks very much :)