Bitcoin Hard Fork

Bitcoin Hard Fork

August 1st Bitcoin will see the activation of SEGWIT and a blockchain split/ HARD FORK into Bitcoin BTC & Bitcoin Cash BCC.

The key at this point is to control your own Bitcoin and to keep it in YOUR OWN WALLET.

  • Take your Bitcoin off any exchange, if you leave your coin on an exchange you will have no say as to whether you will or won't be entitled to Bitcoin on each chain as the exchange will determine this for you. 
  • Some exchanges will support both Bitcoin & Bitcoin Cash, some won't support Bitcoin Cash. It is important if  you want choice to control your own Bitcoins then you will need to take positive control.


The reality is that the market will determine the outcome with the utility that each digital asset will provide.

Ultimately I believe there will be a permanent split and as a user of Bitcoin it is in your best interest to have BOTH assets on both chains to position yourself better in the future.

As the operator of Quickbit Bitcoin Exchange, our position is that we will operate the ATM till 6pm on 29th July, then the exchange will be offline, no transactions will be possible. We will monitor the developments after 1st August and look to go online again 5th August. This will enable us to assess the stability of the split and both assets BTC & BCC.
Please follow our website at Quickbit Bitcoin Exchange.com or Quickbit.mobi for the latest updates.

This is only a short post, till next time.
Happy Bitcoin-ing








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