Most of the bitcoin cash community supports the plan to implement the fork in November and is ready to switch its computing power to closing Bitcoin Cash Node (BCHN) blocks. According to Coin Dance, the upcoming split is unlikelywhether it can be avoided, since after the recent support from the mining pools BTC.com and Antpool, BCHN supporters collectively own 82% of the current bitcoin cash hashrate.

Over the next few weeks, Bitcoin is set to undergo two more forks, potentially resulting in the creation of two more currencies sharing the Bitcoin name and some of its history.

Here, I explore what a fork is in general, and look at the specific cases that are coming up, as well as giving some tips on how best to respond to these chain splits.

In the video, I mention coin.dance, a website that shows how many miners are signalling support for Bitcoin2X. Find that site here: https://coin.dance/blocks.

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Disclaimer:

Any statements I make in these videos are just my opinion, and should not be taken as investment advice.

Please do your own research in addition to watching these videos, ensure you are fully confident in any investment decisions you make, and never invest money you cannot afford to lose.