Turmoil?14 Jan 2019 18:41
BITCOIN investors are preparing for chaos as one of the leading rival cryptocurrencies – Ethereum – is set for a major hard fork on Wednesday.
By DARREN PARKIN OF COIN RIVET
PUBLISHED: 12:39, Mon, Jan 14, 2019
UPDATED: 12:55, Mon, Jan 14, 2019
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The last time a leading altcoin forked it sent bitcoin into a downward spiral and created weeks of market volatility. That was early November, when Bitcoin Cash split to Bitcoin SV and Bitcoin ABC. Bitcoin had been holding steady throughout 2018 at a reasonably constant $6,500, but the BCH hard fork appeared to trigger a volume chasm that sent BTC plunging. A hard fork occurs when a radical change needs to be made to a cryptocurrency’s underlying technology – blockchain.