What happens to my bitcoin on August 1st?

This question might have started giving you Sleepless Nights and Restless Days!!

Here is the EXPLANATION: 

Read it carefully and decide.........

 

There's been a lot of fears regarding Bitcoins about stuff like SegWit, Forks (August 1st), and Bitcoin Unlimited. Mostly is due to misleading information, partial information, and rumors.


 A "Fork" is a technical word used by developers in open source projects.
                All it means is a "software update", hence a possible "disruption" like what happens when your PC needs updated from older version to a newer version. 
 There are 2 types of forks. Hard Fork & Soft Fork.
 Hard Fork is mandatory. This requires critical updates and bitcoins, like programs, they NEED to have it in order to run flawlessly. This is GOOD thing for bitcoins long term. 
 Soft Fork, as the name suggest, isn't mandatory and requires lesser update priority. Bitcoins and programs can continue to run, without disruption. Also GOOD for bitcoins long term. 
 SegWit2 (soft fork) and Bitcoin Unlimited (hard fork) are 2 camps divided into what they need to do. Both options have equal number of pros and cons. Mostly has to do with Block sizing, and the fork of BTC and BTU. 

 Depending on where you hold your Bitcoins one out of three things can happen: 

 All of your Bitcoins will become BTC only.
 All of your Bitcoin will become BTU only.
 You will have doubled your coins and get an equal amount of BTC and BTU.

This MAY cause the price of Bitcoins to drop significantly..at least initially.
Overall, Bitcoins will continue to rise. 
 

WHAT TO DO For Maximum Security???

FIRST -

  if you have a lot of bitcoins, use TREZOR or Ledger cold storage.
 small investors, use Electrum or Exodus, a self hosted wallet in which you have a private key to.

Both of these options supports BTC and BTU.

SECOND - 

Get your bitcoins out of Coinbase, Kraken, BitPay, and BlockChain in which Roger Ver is heavily invested into. (His agenda is a political one rather than technical, so I will not explain here for simplicity's sake. He supports Bitcoin Unlimited..a hard fork).
                This way if a fork does happen you will own both currencies and won’t need to succumb to any exchange or wallet desires.

LAST - 

If this concerns you a great deal, invest in Altcoins like Etherium and Ripple until the dust settles. It will be much less impacted.
 

WHAT CPP Is doing to PROTECT you???


We have been storing your bitcoins in our TREZOR hardware wallet. Also, seeing the possibilities of Segwit/Forks, We will put all the transactions (Incoming & Outgoing) on hold for 4-5 days to avoid any confusion.

 

This is not a BREAK TIME..........

Use it to build FORTUNE

Keep Promoting !!

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Our facebook group: https://www.facebook.com/groups/362825310786246/

In this regards,I would also like to add to the surrounding facts that per the vote casted yesterday,the miners companies voted for BIP 91.Hence there is absolutely no fear for you regarding the chain split into BTC and BTU.Rest assured guys!     Miners, the development community and businesses have finally agreed on a scaling solution. Over 63 percent of bitcoin’s hash power is now signaling for the activation of Bitcoin Improvement Proposal (BIP) 91 or Segwit.
Since early July, traders and investors have panicked due to the possibility of a potential hard fork execution and chain split, an event in which the bitcoin blockchain splits into two and creates two bitcoins.
However, since then, the scaling debate has seen significant progress, mostly because of the pressure of the community’s user activated soft fork (UASF) proposal and Barry Silbert-led Digital Currency Group’s Segwit2x proposal.
The general consensus amongst the community and industry in regard to the codebase of Segwit2x was that it was not ready for activation, production and implementation. It lacked testing and the timeline was highly unrealistic. As a result, the mining community has agreed on activating BIP 91, a solution created by James Hilliard.
BIP, also known as the “Reduced threshold Segwit MASF,” is very similar to the original Segwit Bitcoin Improvement Proposal. The difference is that it allows miners to activate Segwit with a majority threshold that is lower than 95 percent.
The motivation of the BIP 91 was that the redeployment of Segwit will require significant testing and will ultimately delay the activation of Segwit, which is a viable and practical solution to many existing problems.
“This BIP provides a way for a simple majority of miners to coordinate activation of the existing segwit deployment with less than 95% hashpower. For a number of reasons a complete redeployment of segwit is difficult to do until the existing deployment expires,” the BIP 91 proposal read.
Like Segwit2x, BIP 91 allows miners to activate Segwit with a 80 percent majority threshold. At the moment, hash power signaling BIP 91 is at 63.2 percent.

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