Bitcoin Classic has just been released. Will it effect the BTC price? - page 2.

1Referee

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Quote from: trickshot22 on February 10, 2016, 03:59:45 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

The people that have the funds to influence the price don't care at all about this. Why would they? It's just an altcoin.

Cconvert2G36

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Quote from: gijoes on February 10, 2016, 03:45:45 PM

Quote from: Cconvert2G36 on February 10, 2016, 03:36:52 PM

There's definitely going to be some rage dumping if the fork actually happens, but after that... double the capacity for an epic rally.

Dream on. No one in their sane mind will invest in Toomincoin: http://bitcoinocracy.com/arguments/if-non-core-hard-fork-wins-major-holders-will-sell-btc-driving-price-into-the-ground

Classic maintainers let it slip that they are planning a major "reorganization" of Bitcoin governance, including "popular voting" on 21M coin limit: https://www.reddit.com/r/Bitcoin/comments/4326ya/jonathan_toomim_on_bitcoin_classic_everything_can/

Doesn't really boost investor confidence, does it?

You may want to read the white paper again. If Classic wants to do something against the hashpower majority's interest. The miners will fork away from Classic, just like what could happen if Core continues to stall and only do things in the interest of Blockstream. Bitcoin routes around attempts to steer and control it.

Pretty simple really.

As for the bitcoinocracy link that Gregory and friends link like a tourettes tick, I already covered it, I bolded the relevant phrase.

I could play that silly game too:
https://www.reddit.com/r/btc/comments/41r561/150k_btc_between_personal_holdings_and_associates/

It doesn't matter much tho, miners will choose what is in their (and by extension, the economy's) best interest. It's part of the fundamental architecture of the network.

gijoes

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Quote from: BlindMayorBitcorn on February 10, 2016, 03:50:23 PM

Jeff and Gavin are now lead maintainers of Classic. Toomin is now listed as a consultant of some kind.

By this reshuffling alone you can tell that there is much more going on than just "an increase to 2MB everyone wants! no surprises!"

trickshot22

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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

BlindMayorBitcorn

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Quote from: gijoes on February 10, 2016, 03:45:45 PM

Quote from: Cconvert2G36 on February 10, 2016, 03:36:52 PM

There's definitely going to be some rage dumping if the fork actually happens, but after that... double the capacity for an epic rally.

Dream on. No one in their sane mind will invest in Toomincoin: http://bitcoinocracy.com/arguments/if-non-core-hard-fork-wins-major-holders-will-sell-btc-driving-price-into-the-ground

Classic maintainers let it slip that they are planning a major "reorganization" of Bitcoin governance, including "popular voting" on 21M coin limit: https://www.reddit.com/r/Bitcoin/comments/4326ya/jonathan_toomim_on_bitcoin_classic_everything_can/

Doesn't really boost investor confidence, does it?

Jeff and Gavin are now lead maintainers of Classic. The Toomin's are re-listed as consultants of some kind.

gijoes

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Quote from: Cconvert2G36 on February 10, 2016, 03:36:52 PM

There's definitely going to be some rage dumping if the fork actually happens, but after that... double the capacity for an epic rally.

Dream on. No one in their sane mind will invest in Toomincoin: http://bitcoinocracy.com/arguments/if-non-core-hard-fork-wins-major-holders-will-sell-btc-driving-price-into-the-ground

Classic maintainers let it slip that they are planning a major "reorganization" of Bitcoin governance, including "popular voting" on 21M coin limit: https://www.reddit.com/r/Bitcoin/comments/4326ya/jonathan_toomim_on_bitcoin_classic_everything_can/

Doesn't really boost investor confidence, does it?

xslugx

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Quote from: Cconvert2G36 on February 10, 2016, 03:36:52 PM

Classic released, Bitcoin UP!

There's definitely going to be some rage dumping if the fork actually happens, but after that... double the capacity for an epic rally.

Bah. Don't think too much about that.

Halving is coming, and with it a decrease of btc supply. So btc price can't fall down too much. And after that the size issue will be resolved at a moment or another.

The only final result is the rise of btc!

julian071

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Quote from: disclaimer201 on February 10, 2016, 03:36:41 PM

Quote from: julian071 on February 10, 2016, 03:31:34 PM

Quote from: jod_doj on February 10, 2016, 03:01:22 PM

oh wow now im kinda afraid of this whole thing as the price might fall down because of a possible network split

This is the average joe! Not the people who are bored with the news about core, forks, blocksizes above.... those people are average bitcointalk-regulars!

I think the average joe, including many speculators who are technically not very savvy, will think exactly the same, and drop it like it's hot. I'm waiting for that very moment to buy back in as I sold all my BTC for ETH, DASH and XMR @ 397 €. I''l buy back in at half that price.

You have some balls! Then again, it's easy to say when you only own 0.19 BTC or so. If I was you, I wouldn't wait too too long to buy back some of your BTC.

Thank you. It was one of a very few trades that were succesful. However it has been very succesful. Bought ETH @ 0.0038 haha. DASH @ 0.009.

It sure wasn't an easy decission.

I stand by my analysis. I''m waiting for a fork, blood in the streets, then I will buy back in and double up for a second time.

blunderer

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Quote from: Cconvert2G36 on February 10, 2016, 03:36:52 PM

Classic released, Bitcoin UP!

There's definitely going to be some rage dumping if the fork actually happens, but after that... double the capacity for an epic rally.

Not worried about rage dumping. Because perfect opportunity for major institutional investors, the ones waiting in the wings & keeping the price down to accumulate Cool

richardsNY

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Don't think it will have that much effect on the price. Some people might try it for a few days but they will switch back to Bitcoin Core again as they see the adoption of Classic is severely lacking interest from people.

Cconvert2G36

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Classic released, Bitcoin UP!

There's definitely going to be some rage dumping if the fork actually happens, but after that... double the capacity for an epic rally.

disclaimer201

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Quote from: julian071 on February 10, 2016, 03:31:34 PM

Quote from: jod_doj on February 10, 2016, 03:01:22 PM

oh wow now im kinda afraid of this whole thing as the price might fall down because of a possible network split

This is the average joe! Not the people who are bored with the news about core, forks, blocksizes above.... those people are average bitcointalk-regulars!

I think the average joe, including many speculators who are technically not very savvy, will think exactly the same, and drop it like it's hot. I'm waiting for that very moment to buy back in as I sold all my BTC for ETH, DASH and XMR @ 397 €. I''l buy back in at half that price.

You have some balls! Then again, it's easy to say when you only own 0.19 BTC or so. If I was you, I wouldn't wait too too long to buy back some of your BTC.

julian071

hero member

Activity: 1132

Merit: 818

Quote from: jod_doj on February 10, 2016, 03:01:22 PM

oh wow now im kinda afraid of this whole thing as the price might fall down because of a possible network split

This is the average joe! Not the people who are bored with the news about core, forks, blocksizes above.... those people are average bitcointalk-regulars!

I think the average joe, including many speculators who are technically not very savvy, will think exactly the same, and drop it like it's hot. I'm waiting for that very moment to buy back in as I sold all my BTC for ETH, DASH and XMR @ 397 €. I''l buy back in at half that price.

disclaimer201

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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.

xslugx

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Quote from: gentlemand on February 10, 2016, 02:43:27 PM

My only prediction is - another trillion words of screaming and smearing on both sides per day until it reaches a critical mass and the internet commits suicide.

Ahahah!

Yeah it won't do anything. Why would it?

The only thing that will affect the price will be the resolution of the size issue.

Yakamoto

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Well, based on what I can see with the price, the average on each exchange has gone up >$10 over today, so that means either people are buying Bitcoin because classic was released and it is not living up to expectations or other reasoning. I wonder how people are going to react to classic.

Mickeyb

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Move On !!!!!!

Quote from: jod_doj on February 10, 2016, 03:01:22 PM

oh wow now im kinda afraid of this whole thing as the price might fall down because of a possible network split

I'm up for BTC price going down, frikkin thing's been above 300 for ages.

jod_doj

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oh wow now im kinda afraid of this whole thing as the price might fall down because of a possible network split

gijoes

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Quote from: disclaimer201 on February 10, 2016, 02:33:23 PM

After all that fuzz we saw in the past couple of weeks, Bitcoin Classic has just been released as I was just told via their email newsletter. Ready for download!

Your views? Will it be the doom of Bitcoin? Will it finally allow it to scale and most importantly, what will happen to the price???

Release means nothing. Miners lining up to support Classic and a permanent network split that may result from their actions is quite another matter:
http://bitcoinocracy.com/arguments/in-the-event-of-a-fork-i-will-sell-rbf-blockstream-core-coins-and-buy-classic-bitcoins

mexxer-2

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4 Mana 7/7

Quote from: AliceWonderMiscreations on February 10, 2016, 02:45:51 PM

I suspect most people are just like me. Tired of the drama, not giving a damn about classic, little if any impact on the price.

Thats the regular joe right there, same goes for me.

Topic: Bitcoin Classic has just been released. Will it effect the BTC price? - page 2. (Read 2060 times)