Thursday 27 July 2017



Some recommendations to Indian users about August 1st.

Bitcoin software update will be launched next week and everybody is at the expectative about what is going to happen with Bitcoin. Will it collapse? Split? Advance? There are many theories about what is going to happen with the cryptocurrency, but the question is what can do the investors and Bitcoin traders in India? And what is the position of the companies with the best Bitcoin exchange in India? Easy, companies are recommending their customers and users to stop their transactions during the previous day to the update and the next day to it for avoiding any problem if the system is unstable during those days. 

For example, the company Unocoin has planned the suspension of its services for about 72 hours until the situation could be clearer and all inversions and transactions could be secure for the best of their clients and Bitcoin exchange. Moreover, Bitxoxo, the company with the fastest Bitcoin exchange in India, is prepared to upgrade their technology and security standards of their interface any of the cases that could be presented on the expected date. However, they are ready to suspend all operations just to avoid any lamentable consequence for being active during the date. Another company that does not expect a hard fork but will stop for the same reasons as Bitxoxo and Unocoin is Zepbay. 

Since the consequences of the updating to SegWit are still unknown, it is better not to risk investments during those days and do not sell bitcoins or buy them in India, or any other country. If the transactions are paralyzed the probability of a crash in the ecosystem will be lower. All the opposite if everybody is making transactions. On the other hand, the problem of the consensus between miners also worries the crypto-community because two currencies can be formed but that is a fact that nobody knows how to solve. 

The global recommendations for people who usually buy and sell bitcoins in India is to pass next week without exchanging bitcoins and making other transactions and of course look for a Company like Bitxoxo, Unocoin or Zepbay to assure their bitcoins.



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