please make your questions clear!
if you are talking about a fork and a chain split then it has already happened once on August 1 and the world didn't end because of it!
as we can see now, it is causing some troubles with mining because it could temporarily attract the hashrate from bitcoin (for about a day) and cause the blocks to be found with a little delay. but that was all the damage it could do!
the thing is that there can only be 1 bitcoin at all times. any fork like BCH or any fork like the alts forked from bitcoin (eg LTC) will be considered an altcoin.
Topic: what would happen if Bitcoin the big B got split? (Read 558 times)
Bitcoin is not at all like a stock. Even with a stock split though, the split doesn't inherently cause you to lose any value, it just changes the number of outstanding shares. Bitcoin is coded to only ever have 21 million available. The closest thing to a split would be a fork, and BCH is an example of what happened there.
what would be the worst case scenario in case bitcoin got split like other stocks?
From my own understanding, bitcoin is not a stock like major stocks in stock market like Apple Inc, Netflix, MSFT and many more. So if it is not a stock, a Stock split will never happen. You can use bitcoin to buy stocks through a stock broker or directly to a company that accept bitcoin as currency. what would be the worst case scenario in case bitcoin got split like other stocks?
Bitcoin inherently is split. It can be divided into 100,000,000 units called Satoshis, and each one currently is worth a fraction of a cent.
If bitcoin split then the price will fall down and it will drive the investor away, the effect will be price falling down, and it is not good for bitcoin reputation, too much forking will make bitcoin seems like having a lot of issue, but most of the time people will be back to bitcoin again, so not too worry about this issue
This was not proven when bch split from bitcoin, in contrary, it pushed bitcoin price really high. As lolng as the other split does not offer any strong solution to current bitcoin problems, I do not think a split will coin will effect bitcoin.
The only worst case scenario that i always think if bitcoin will have a problem with the split and that is a very huge dump in the price. If the coin will have a split and that split coin has better fixes for the current coin then it will be a very huge threat for the original coin and that will eventually lead for having some dump and at the end, a huge loss for the investors and to the coin itself.
If bitcoin split then the price will fall down and it will drive the investor away, the effect will be price falling down, and it is not good for bitcoin reputation, too much forking will make bitcoin seems like having a lot of issue, but most of the time people will be back to bitcoin again, so not too worry about this issue
In the case of a chain split, for me, the worst case scenario is if no one of both chain can clearly emerge as the "dominating" chain. For example, if in November, the Segwit2x chain and the "Original Bitcoin Core" chain both have about 50% support - regarding market cap and hashrate - then it will be unclear which one is "the true Bitcoin".
This uncertainty can be damaging to the whole ecosystem, because many businesses (those that cannot afford to support both) would have to choose which chain to support, and in a 50%-50% scenario that would mean that both chains would lose services.
It's not necessarily fatal, because one chain as time goes by could achieve dominance again, or both could develop into strong cryptocurrencies. But in this case I expect a harsh drop in price, so that both chains combined would be worth much less than the unique chain before the split.
In contrast, the Bitcoin Cash event has shown us that in the case one of both is clearly "Bitcoin" and one an "altcoin", then no harm is done at all.
I truly hope that event you described there will not happen. It would only damage the ecosystem and spread confusion. It's enough to have one altcoin that has bitcoin in it's name. This uncertainty can be damaging to the whole ecosystem, because many businesses (those that cannot afford to support both) would have to choose which chain to support, and in a 50%-50% scenario that would mean that both chains would lose services.
It's not necessarily fatal, because one chain as time goes by could achieve dominance again, or both could develop into strong cryptocurrencies. But in this case I expect a harsh drop in price, so that both chains combined would be worth much less than the unique chain before the split.
In contrast, the Bitcoin Cash event has shown us that in the case one of both is clearly "Bitcoin" and one an "altcoin", then no harm is done at all.
got split like other stocks?
Bitcoin is not a stock and a split in BTC is not particularly similar to a split in a stock.A split in Bitcoin can happen at any time and anyone can do it. There is no one group that dictates when a BTC split happens, and there can be any number of splits that are utterly irrelevant because they have no support.
The only seriously bad scenario is if the new chain and old chain garner roughly the same amount of support. I don't think the new chain has replay protection so everyone is pretty much screwed in that scenario.
what would be the worst case scenario in case bitcoin got split like other stocks?
There were some splits in the past. The most recent is BCH and there the price hasn't changed much, it even has grown! There are some problems f.e. with fees and hashrate drops but still it isn't a big hassle.
Worst case scenario it would divide the investors into two equal groups. The merchants would not know which one to accept as they both would have the same value and number of supporters. It would only create confusion and slow down adoption.
In the case of a chain split, for me, the worst case scenario is if no one of both chain can clearly emerge as the "dominating" chain. For example, if in November, the Segwit2x chain and the "Original Bitcoin Core" chain both have about 50% support - regarding market cap and hashrate - then it will be unclear which one is "the true Bitcoin".
This uncertainty can be damaging to the whole ecosystem, because many businesses (those that cannot afford to support both) would have to choose which chain to support, and in a 50%-50% scenario that would mean that both chains would lose services.
It's not necessarily fatal, because one chain as time goes by could achieve dominance again, or both could develop into strong cryptocurrencies. But in this case I expect a harsh drop in price, so that both chains combined would be worth much less than the unique chain before the split.
In contrast, the Bitcoin Cash event has shown us that in the case one of both is clearly "Bitcoin" and one an "altcoin", then no harm is done at all.
This uncertainty can be damaging to the whole ecosystem, because many businesses (those that cannot afford to support both) would have to choose which chain to support, and in a 50%-50% scenario that would mean that both chains would lose services.
It's not necessarily fatal, because one chain as time goes by could achieve dominance again, or both could develop into strong cryptocurrencies. But in this case I expect a harsh drop in price, so that both chains combined would be worth much less than the unique chain before the split.
In contrast, the Bitcoin Cash event has shown us that in the case one of both is clearly "Bitcoin" and one an "altcoin", then no harm is done at all.
it will happen very bad sure the stock to be held there are two people and surely there will be a thought dispute and will make the stock will be destroyed slowly.
If ever Bitcoin will undergo a Hard Fork, then a massive drop on its price will be done. Maybe around 1200 USD just like the correction happened last May, it may even go below 1000. I am not certain about the price bracket but the massive drop is very likely.
I have read a post on a thread here than going through a hard fork is bad for Bitcoin and might even lead to its destruction. I have no certainties about it since I am not that aware and technical about Bitcoin as a whole.
I have read a post on a thread here than going through a hard fork is bad for Bitcoin and might even lead to its destruction. I have no certainties about it since I am not that aware and technical about Bitcoin as a whole.
what would be the worst case scenario in case bitcoin got split like other stocks?
What do you mean by "like other stocks"?
Anyway, if you're talking about the possible chain split, it's more likely in my opinion that bitcoin's price is going to crash to an extent obviously due to bitcoin being divided into two separate versions of bitcoin. I'm not that worried though since I expect it to rise back again after months or years. Though in an investor's point of view, the following months are going to be risky.
what would be the worst case scenario in case bitcoin got split like other stocks?
Jump to: