Bitcoin Head & Shoulders
As Bitcoin is set to post its first 3-day consecutive daily drop in nearly 4 months, digital currency traders will want to know more about the biggest potential development currently surrounding Bitcoin. The likely introduction of a “fork” -- a modification of the code aimed at addressing the need to scale Bitcoin blockchain network, is being widely discussed to address the issue of speed. The likely deadline for such a decision is Aug 1st.
Soft vs Hard Fork
A “soft” fork would be a minor adjustment to the code, while a “hard” fork entails the splitting of the code, which would be a general update to the program. It is increasingly expected that a fork, soft or hard, will impact Bitcoin's value in the short-term, yet needed in order for Bitcoin to survive as a currency.A soft fork, also known as SegWit, would not split the code, yet, has fewer supporters as it will fail to effectively increase the block size (and transaction speed) as it would under a hard fork. Bitcoin insiders consider transaction speed as a major determinant of Bitcoin's maintaining its lead as the reserve currency in the cryptocurrency universe.
As Bitcoin investors hold the currency in various exchanges, they face differing rules on forks by the various exchanges and online wallets such as Coinbase, Bitstamp and Gdax. One possible way to protect against the possible problems of a fork split to store Bitcoin in offline wallets (cold storage) to enable Bitcoin to function in both codes.
More Hot-Charts
-
Mystery Charts
Feb 5, 2026 20:48 | by Ashraf Laidiسأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات Will send detailed note on latest parameters to our WhatsApp Bdcst Group... -
2hr Gold Chart
Feb 3, 2026 13:09 | by Ashraf Laidiسأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات Will send detailed note on latest parameters to our WhatsApp Bdcst Group... -
Gold Net Longs
Feb 2, 2026 17:16 | by Ashraf LaidiI really dislike after-the-fact analysis, but looking at this chart of Gold speculative net longs at the Comex, it shows speculators began lightening their longs on Jan 23.
