August 1st

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So, there has been a lot of talk about the 1st of august HF, and a lot of speculation about btc and eth prices when it happens.

One thing is for sure. No one knows what will happen. It'll be a time of inevitable sharp ups and downs on the price charts.

One thing is for sure. All shilling appart.

Crypto has made a lot of revolutionary technologic advances, so even if it is in fact a bubble we're living, crypto will stand strong, and maybe, it'll even grow stronger after that and be more aknowledged and accepted worldwide.

My question to you however, is not about the btc prices after that. It is about the stability of alts.

I'm no expert on the matter, in fact, only recently have I started investing in crypto. But seeing most altcoins operate on btc blockchain, what will happen to all those coins? Where will they "stand"? On the new btc? Or on the current one?

I mean, most altcoins value depends on btc. If an alt, for example, an imaginary /biz/coin is worth 1 btc each, then it'll only be worth as much as btc is.

So, what will happen? Will all alts that operate on btc blockchain be split aswell and be convertible on the two blockchains? If so, wouldn't that make a difference profit wise based on which of the post fork btc you use to buy said alts?