What will happen in August'17 with Bitcoin?

Most entrants in the crypto world are aware of the bitcoin split thats expected/doomed to happen in the month of August'17. While I will not delve into the details of why and what exactly is going to happen. This post is an attempt to explain what could happen post August in the crypto world, based on different scenarios.

Bitcoin most "probably" will be looking at a split becoming two different crypto currencies. Reasons for same are available HERE, as listed by Laura Shin, my favorite Blockchain reporter..

Possible implications of the Bitcoin split event:

1. No split actually happens:?Bitcoin will start a gradual descent, owing to user disappointment and high transaction fees in the network. There will be an increase in the market cap of all other cryptocurrencies, specifically likes of LiteCoin and Ethereum.

2. Bitcoin doesn't split, but there is consensus and resolution among miners and developers: In this case, we could see a big spike in the bitcoin valuation. This is good for overall network and future of the market as it brings a sense of positivism and hope. It shows that a so-called "decentralized" currency can regulate itself without regulatory or Government influence. Ethereum could slump in the short term, but eventually will start to move upwards as well, due to general positivism. Litecoin might get a dip in short term, but will again ride up owing to overall market condition. In all, the cryptocurrency market will increase tremendously and Bitcoin could start to regain its lost market share from Ethereum and other contenders. Ripple(XRP) will maintain its position and slowly increase over time.

3. Bitcoin splits, there is no consensus:?Market will undergo major fluctuations. There will be two versions of bitcoins that will be traded in most exchanges within a span of 2-3 days. Both bitcoin valuation might slump in short term. Litecoin will have a huge growth spike during this short term and then sustain those levels. Ethereum will get a good growth as well, and gain the market leader position. Ripple(XRP) will be consistent in short term.

Assume there are two coins created BTC1 & BTC2, your current 1000 BTC will be available in the both the currencies, meaning you will have 1000 BTC in BTC1 and 1000 BTC in BTC2. But over time BTC1/BTC2 will turn triumphant and increase in its valuation, while the other might sustain or gradually vanish. The "Triumphancy" of BTC1 or BTC2 will be decided by the third entity in the cryptocurrency ecosystem - USER. Users will tend to use/trade the currency which they feel is most usable(fast processing, liquid and available). But the triumphant bitcoin will surge upwards the same way that Ethereuem and Ethereum Classic split and ETH grew to where it currently is.

Based on the possible scenarios coming up in August. This is the short term investment strategies that I would suggest and will be taking for myself

DISCLAIMER:?Am not a financial adviser, nor am I an investment adviser. All observations and recommendations are based on logical deductions and basic understanding and value propositions of the underlying technologies of the aforementioned coins. I might or might not have holdings n the above/below mentioned coins at the time of your reading this post, hopefully I do!!!

As Always, in case of cryptocurrency, only invest what you can manage losing.

DISCLAIMER: Am not a financial advisor, nor am I an investment advisor. All observations and recommendations are based on logical deductions and basic understanding of the value propositions of the underlying technologies of the aforementioned coins. I might or might not have holdings in the above mentioned coins at the time of your reading this post. I hope I do!!!

As Always, in case of cryptocurrency, only invest what you can manage losing.

Am keen to hear and know your perspectives on this observation as well. Do share.