Given the possible fork of BTC I'm thinking of moving some funds to a more stable coin, being XBC, good idea? I don't want to put all eggs in one basket but I think come Aug 1st having them in the other basket (BTC) might be risky
Opinions?
TBH I dont know myself but we are getting some serious work done to our code base right now.We only have one major exchange where the majority of our trading takes place and other major exchanges dont seem to be jumping on board yet.All our secondary exchanges have far less volume/liquidity probably due to most of the trading community keeping their coins on poloniex.We are hoping to see poloniex resolve all their issues as soon as possible so we can all plan ahead further.
If I had a lot of bitcoin I would probably convert some of it to fiat or USDT and sit it out or maybe look at litecoin,peercoin,namecoin etc that have been around for a long while.Namecoin is merge mined with bitcoin so I dont know what effect a hard fork would have on its price.I have about 1.7 BTC to my name so I probably will just hold it.
In a worst case scenario, BIP 148 could cause Bitcoin to chain split into two or maybe even 3 separate blockchains, one with SegWit activated and one without.A lot of the negative press towards segregated witness seems to be coming from those with most to gain including this nchain outfit that people are talking about right now and it seems with them the chain splitting is a foregone conclusion.
Whatever decision you make I hope it works out for you and its a profitable one.