August 1st is almost upon us and the great Bitcoin “hard fork” is about to confuse the heck out of the casual cryptocurrency observer. Here’s what you should know:
Bitcoin was going to change the world until it wasn’t. But now it is again.
Oh sure, you’ve heard this before. Back in 2013, everyone was sure bitcoin was the next big thing.Then the world’s largest bitcoin exchange, Mt. Gox, imploded, and everyone was sure bitcoin was dead. Pundits tend to think that way: you’re It, or you’re not. The reality of it is a little different.
Bitcoin has been hard for the average investor to wrap their head around.
Most people understand that if you own a stock in a company that does well, the value of your share rises, or that when the stock market dives, you can take refuge in bonds.