Bitcoin Classic has just been released. Will it effect the BTC price?

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: disclaimer201 on February 11, 2016, 07:19:17 PM

https:// coin. dance / charts

Looking good for Classic. I believe we will get 2MB blocks first and other scalability solutions later. And the "not tonight" my dear...lol, maybe tomorrow night. Who knows?

have not heard about that link till now. i use http://xtnodes.com/ to check status (is the information on it correct?) and according to it the number of blocks mined with bitcoin classic is still 0
and i don't think number of nodes is important. the hashrate is more important because it shows the miners are behind it or not.

anyways i wish this issues becomes solved sooner than later.

pedrillo0

hero member

Activity: 1732

Merit: 502

Nada y Tú?

Quote from: trickshot22 on February 10, 2016, 04:59:45 PM

oh nice, i hope that the price will go up because of that, but i dont think it is possible because people will be afraid of a drop

Yes. BTC has many problems now which will affect its value in the short/medium term.

disclaimer201

legendary

Activity: 1526

Merit: 1001

https://coin.dance/charts

Looking good for Classic. I believe we will get 2MB blocks first and other scalability solutions later. And the "not tonight" my dear...lol, maybe tomorrow night. Who knows?

blunderer

full member

Activity: 154

Merit: 100

Quote from: richardsNY on February 11, 2016, 06:07:25 PM

... If your coins are losing some of their value, then it's due to the price moving down as a normal market action. Price goes up and down all the time.

But mainly down Sad

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: fravia on February 11, 2016, 05:23:52 PM

well it will affect the price for sure, i just hope that the affect wont be too negative, im a bit afraid that my bitcoins will lose a little bit of worth though i guess it will be a good time to buy

Don't worry, this Classic thing won't cause any damage to the price of Bitcoin. If your coins are losing some of their value, then it's due to the price moving down as a normal market action. Price goes up and down all the time.

LFC_Bitcoin

legendary

Activity: 3528

Merit: 9525

#1 VIP Crypto Casino

Quote from: fravia on February 11, 2016, 05:23:52 PM

well it will affect the price for sure, i just hope that the affect wont be too negative, im a bit afraid that my bitcoins will lose a little bit of worth though i guess it will be a good time to buy

It's looking like Classic has fallen the way all the other altcoin/sidechain wannabes have. Your bitcoin's won't lose any value as a result of Classic.

fravia

hero member

Activity: 770

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

well it will affect the price for sure, i just hope that the affect wont be too negative, im a bit afraid that my bitcoins will lose a little bit of worth though i guess it will be a good time to buy

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: disclaimer201 on February 10, 2016, 04:20:47 PM

Well, I don't believe we will see doomsday when 2MB blocks hit or anything like that. It's long overdue and so I switched. It will help Bitcoin to scale and once we need other solutions, I'm open to rethink the situation. Best thing about BTC is that it evolves. I've seen BTC hardfork before and it's not problematic at all.

Segwit will help BTC scale properly, by helping lay a solid foundation for building out Layers >1. Doubling tps from 3 to 6 does nothing to help scale and harms decentralization for no good reason.

We've never seen a contentious hard fork, so let's not assume they are "not problematic at all."

You do realized that contention represents the possibility of formerly cooperative, suddenly-competing socioeconomic factions engaging in a fork war and risking catastrophic consensus failure, right?

The best thing about Bitcoin is that is consensus critical, yet distributed.

Evolving for nothing more than the vanity and pride of being seen to Do-Something-Because-Reasons is anathema to the Honey Badger ethos.

Control your impatient impulses. The block size will be raised eventually, but sorry, not tonight dear!

disclaimer201

legendary

Activity: 1526

Merit: 1001

Quote from: Mikestang on February 11, 2016, 03:27:15 PM

I wish they would stop marketing these altcoins as an improvement to Bitcoin, to me it seems like they are trying to "take over" bitcoin like they did with XT. Regardless what you call it, there's only one bitcoin and I doubt many people (especially the Chinese) will adopt this new altcoin over core.

More FUD? It's not an altcoin. Once a majority consensus is reached for bigger blocks and people switch over it is still Bitcoin. With your definition current bitcoin is an altcoin, it has been forked several times! Stupid! If you're against change buy some namecoins.

blunderer

full member

Activity: 154

Merit: 100

Quote from: gkv9 on February 11, 2016, 03:54:48 PM

Quote from: Mikestang on February 11, 2016, 03:27:15 PM

I wish they would stop marketing these altcoins as an improvement to Bitcoin, to me it seems like they are trying to "take over" bitcoin like they did with XT. Regardless what you call it, there's only one bitcoin and I doubt many people (especially the Chinese) will adopt this new altcoin over core.

Classic has already been stated as "not being accepted" by the community, so it's like majority always wins...
There ain't any possibility for this "clone" kinda thing to affect the price at any cost...

Lol, don't know which community you've been talking to. Classic's doing just fine

https://coin.dance/nodes

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

gkv9

legendary

Activity: 1246

Merit: 1000

!!! RiSe aBovE ThE StoRm !!!

Quote from: Mikestang on February 11, 2016, 03:27:15 PM

I wish they would stop marketing these altcoins as an improvement to Bitcoin, to me it seems like they are trying to "take over" bitcoin like they did with XT. Regardless what you call it, there's only one bitcoin and I doubt many people (especially the Chinese) will adopt this new altcoin over core.

Classic has already been stated as "not being accepted" by the community, so it's like majority always wins...
There ain't any possibility for this "clone" kinda thing to affect the price at any cost...

Mikestang

legendary

Activity: 1274

Merit: 1000

I wish they would stop marketing these altcoins as an improvement to Bitcoin, to me it seems like they are trying to "take over" bitcoin like they did with XT. Regardless what you call it, there's only one bitcoin and I doubt many people (especially the Chinese) will adopt this new altcoin over core.

Denker

legendary

Activity: 1442

Merit: 1014

Quote from: B for BTC on February 11, 2016, 08:21:58 AM

I believe that if any fork happen, this will harm bitcoin badly.

It depends under what circumstances a fork would happen.
A contentious fork is definitely pure venom and should always be avoided.
If however the community has found consensus a fork is nothing to worry about.

And in terms of the actual situation the majority of miners with almost 90% of the hash power have stated that they are against this hard-fork attempt by classic.

B for BTC

newbie

Activity: 32

Merit: 0

I believe that if any fork happen, this will harm bitcoin badly.

valta4065

hero member

Activity: 826

Merit: 500

Join @Bountycloud for the best bounties!

Quote from: Amph on February 11, 2016, 03:32:46 AM

i think not, because it is china that pump the price basically, and they already made their decision about the hard fork/soft fork

at worst there will be some swings here and there, but the final outcome will be an increase

Yeah but I wonder if now is the good time to buy.

I'd say there will be a short down before seeing the increase. Maybe it's worth waiting for the 350 again!

Herbert2020

legendary

Activity: 1946

Merit: 1137

the resistance has been so much that it is preventing the bitcoin classic effect on bitcoin price, besides there is nothing really happening yet.
so i guess we should wait and see how things turn out. it is soon to decide.

Amph

legendary

Activity: 3206

Merit: 1069

i think not, because it is china that pump the price basically, and they already made their decision about the hard fork/soft fork

at worst there will be some swings here and there, but the final outcome will be an increase

pooya87

legendary

Activity: 3444

Merit: 10558

it is definitely interesting to see that despite all the speculations for price decrease due to bitcoin classic release , the price is going the opposite way up.
i think part of the reason why the price did not take hit so far is because there is only nodes and no mining power (apparently) dedicated to bitcoin classic. all the blocks are being mined with core so far.

DaveJones

newbie

Activity: 56

Merit: 0

This is going to fun for a few months.

Trading volatile exchanges with noobs Cool

Topic: Bitcoin Classic has just been released. Will it effect the BTC price? (Read 2001 times)