The Bitcoin Cash group is not happy with where Bitcoin is heading. They will branch off the legacy chain on August 1st with there new coin called Bitcoin Cash (BCC). Those developers will start with an 8 megabyte block size that will give it a much greater transaction capability and speed. The BTC mining group is signalling for Bip 91, but will branch off on August 1st to mine their Bitcoin Cash coin. This group currently has over 5% of the global mining power of Bitcoin.
Bitcoin Cash believes that Bitcoin was intended by Satoshi Nakamoto to be used as the new decentralized digital global currency. In order for that to become a reality, the block size needs to be larger and quicker transactions need to take place. The UASF (user activated soft fork) group believes that Bitcoin should be a store of value and not be used to buy a cup of coffee. UASF group do not typically care about the speed or cost of a Bitcoin transaction because they are of a buy and hold mind set. The majority of Bitcoin holders are thinking that by holding Bitcoin long term, their wealth will increase with hopes of one Bitcoin reaching $1 million dollars some day.
So here we have it. Two mind sets over Bitcoin's future. One group wants it to be used daily like we use cash and the other group wants it to be a store of value like owning Gold. Either way, if the split happens on August 2nd, you will have two coins.
Make sure your Bitcoin is in a hard wallet by July 31st and do not transact with Bitcoin for a week or two in August until it is safe to do so. I guess we will just have to wait and see what happens if Bitcoin stays as one Bitcoin or becomes two Bitcoins. If there are two coins we will have to see which one becomes the more dominate.