Another Bitcoin fork on 25 October - page 6.

blockchainmarketus

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Quote from: Nikhilk on October 05, 2017, 10:07:14 PM

What will happen in BTC bitcoin market when another fork hits bitcoin, results in emerging bitcoin gold as new coin
Will price of bitcoin go down
Will new coin get popularity like bch Roll Eyes

Fork make bitcoin more popular than before, because there will be more people attracted to the fork. They want to see what happens to bitcoin after fork. When the fork fail, they will hurry buy bitcoin and the price will jump.

iamTom123

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Quote from: Nikhilk on October 05, 2017, 10:07:14 PM

What will happen in BTC bitcoin market when another fork hits bitcoin, results in emerging bitcoin gold as new coin
Will price of bitcoin go down Will new coin get popularity like bch Roll Eyes

Well, am not really worried about the coming scheduled fork because in the first place it is not within my own power to influence anything on the direction which Bitcoin can be going to. Right now, we have no choice but to leave it to the people who will decide and act on this fork accordingly. I would then just be happy if I would be getting my share of BitcoinGold since this is a hard fork similar to what happened in August which gave birth to BitcoinCash. We are just hoping that in the end things would get better making Bitcoin more agile and better able to deal with volume of transactions and please we have to lower the fees as much as possible.

hasmukh_rawal

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The bitcoin fork will create a short impact on bitcoin's price resulting it to go down for a while and then increasing rapidly.
We can expect the same situation as Bitcoin cash hard fork where the price increased rapidly after the fork had happened.
Most of the people sold their BCH to acquire more BTC which made bitcoin's price to bounce higher in the chart.
So there are possibilities that the same thing is gonna happen this time too.

smartbitcoininvestor

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Quote from: Shishir99 on October 05, 2017, 10:13:27 PM

I think bitcoin price will grow massively before the fork.
People will try to get free bitcoin gold
For that people need to have bitcoin in their wallet.
And remember Bitcoin will always remain King.

This.

I think the upcoming fork has more potential than Bitcoin Cash ever did. Reason being is that Bitcoin Gold is going to introduce a new Proof Of Work algorithm to benefit new miners coming into the ecosystem: From SHA256 to Equihash, CPU mining vs GPU mining. The difference in efficiency between these two is massive.

Essentially, this is one step towards making Bitcoin mining more accessible to all. Currently, miners and manufacturers are centralized in China. It is a problem when a small group of people controls mining globally. This switch should help to diversify GPU mining (which can calculate WAY more processes than CPU) around the world.

Even though most of us are investors or hobbyists, I would stay optimistic as this hard fork is going to have the biggest impact on miners.

Bitcoin is still King, but I wouldn't be surprised if Bitcoin Gold actually gains momentum with miners....or....banks?

Wind_FURY

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Quote from: Nikhilk on October 05, 2017, 10:07:14 PM

What will happen in BTC bitcoin market when another fork hits bitcoin, results in emerging bitcoin gold as new coin

This fork did not gather enough followers. I believe it will be ignored and will be forgotten after several months.

Quote

Will price of bitcoin go down

No. It will not have any effect in the market unlike Bitcoin Cash which made the price drop.

Quote

Will new coin get popularity like bch Roll Eyes

No.

djb79

newbie

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Don't think much will happen at all. There might be a small run up leading up to the fork, but some people are against the fork so some may end up selling. It's a crapshoot.

Shishir99

hero member

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I think bitcoin price will grow massively before the fork.
People will try to get free bitcoin gold
For that people need to have bitcoin in their wallet.
And remember Bitcoin will always remain King.

Nikhilk

newbie

Activity: 52

Merit: 0

What will happen in BTC bitcoin market when another fork hits bitcoin, results in emerging bitcoin gold as new coin
Will price of bitcoin go down
Will new coin get popularity like bch Roll Eyes

Topic: Another Bitcoin fork on 25 October - page 6. (Read 3705 times)