Bitcoin fork worries. | Bitcointalksearch.org

Kemarit

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Quote from: bitcoinfactory on October 04, 2017, 03:51:23 PM

Still new to this so i have a couple questions if thats ok. There are supposedly 2 forks coming up in OCT and NOV

Whats the different between these 2 forks?
Why are people more worried about the second one in NOV & Why will that one affect the price more?
Whos in charge of these forks? Bitcoin coders themselves or others?

Thanks!

The October fork is for Bitcoin Gold. While this coming November this is Segwit2x fork, the main changes is that the blocksize would be changed from 1 MB to 2 MB. Though I haven't check with miners are supporting the Segwit2x activation though. Its says that it will happened on Nov 16, but we can't exactly pinpoint a exact date, but I think it should occurred in block 494,784. Of course we are worried because theirs uncertainty whether this one will be successful or not. Will the majority of miners support it? Remains to be seen.

Cryptoupp

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Quote from: ruthbabe on October 29, 2017, 12:18:23 PM

Quote from: bitcoinfactory on October 04, 2017, 03:51:23 PM

Still new to this so i have a couple questions if thats ok. There are supposedly 2 forks coming up in OCT and NOV

Whats the different between these 2 forks?
Why are people more worried about the second one in NOV & Why will that one affect the price more?
Whos in charge of these forks? Bitcoin coders themselves or others?

Thanks!

The Bitcoin splits that happened this October is called Bitcoin Gold fork, while the fork that is projected to take place this mid-November is called Bitcoin Segwit2x fork. It's quite normal for people with big investments on Bitcoin to get worried because it might affect the price of Bitcoin to go down.

You are completely right. this fork may cause to people need to decide which one they are going to follow... I think it will be the most important fork so far..

ruthbabe

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Quote from: bitcoinfactory on October 04, 2017, 03:51:23 PM

Still new to this so i have a couple questions if thats ok. There are supposedly 2 forks coming up in OCT and NOV

Whats the different between these 2 forks?
Why are people more worried about the second one in NOV & Why will that one affect the price more?
Whos in charge of these forks? Bitcoin coders themselves or others?

Thanks!

The Bitcoin splits that happened this October is called Bitcoin Gold fork, while the fork that is projected to take place this mid-November is called Bitcoin Segwit2x fork. It's quite normal for people with big investments on Bitcoin to get worried because it might affect the price of Bitcoin to go down.

arseaboy

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Quote from: Hamphser on October 29, 2017, 11:56:02 AM

Quote from: Mike Mayor on October 27, 2017, 06:42:19 PM

Quote from: CryptosapienZA on October 04, 2017, 04:07:16 PM

You have nothing to worry about. There's nothing to worry about. Just make sure your coins are in awallet that gives you access to private keys. Do not leave your coins in an exchange. Noone knows how the market will react, we are not see the future. Forks happen, just keep calm and relax.

Yes seriously. People freak out so much over forks. Remember how much hype the first one created? Maybe the price will crash and we will soon benefit from their stupidity.

I think from now on we will be seeing new coins with every fork. Btw yobit support the fork coins so you can keep your BTC there if you want. I had some left over from trades during the last fork so I got them early. It is safer to keep them yourself though.

Not surprising though. People do really freak out if theres a news about an upcoming fork and as a person doesnt really have too much knowledge then you will most likely ending up on selling out when you do see pricefalls.
Talking about keeping coins on yobit? I wont do such thing even though they would be the first to support fork coins.Better to keep it on electrum because im really convenient when i do have the full control of my coins and later on we can really claim those fork coins.

well with trusting the exchange its much better to place it inside your computer than to entrust it inside exchange wallet with current forking
i personally think that those who understand the risk are the one who's really earning from this system the more panics happen the more
chances for those people to freak out the market.

BillyBobZorton

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Quote from: Hamphser on October 29, 2017, 11:56:02 AM

Quote from: Mike Mayor on October 27, 2017, 06:42:19 PM

Quote from: CryptosapienZA on October 04, 2017, 04:07:16 PM

You have nothing to worry about. There's nothing to worry about. Just make sure your coins are in awallet that gives you access to private keys. Do not leave your coins in an exchange. Noone knows how the market will react, we are not see the future. Forks happen, just keep calm and relax.

Yes seriously. People freak out so much over forks. Remember how much hype the first one created? Maybe the price will crash and we will soon benefit from their stupidity.

I think from now on we will be seeing new coins with every fork. Btw yobit support the fork coins so you can keep your BTC there if you want. I had some left over from trades during the last fork so I got them early. It is safer to keep them yourself though.

Not surprising though. People do really freak out if theres a news about an upcoming fork and as a person doesnt really have too much knowledge then you will most likely ending up on selling out when you do see pricefalls.
Talking about keeping coins on yobit? I wont do such thing even though they would be the first to support fork coins.Better to keep it on electrum because im really convenient when i do have the full control of my coins and later on we can really claim those fork coins.

It's understandable. If I was new, I would also be asking questions and being worried about my bitcoins. But if I managed to learn and understand how this works, then anyone can because im not a genius. If you want to be safe with your bitcoins, then learn how to set up your own full node and stop worrying about what someone else is going to dow with your private keys. This is a BASIC lesson to learn in bitcoin. If you don't run a full node, you are not part of bitcoin, and you will lose them sooner or later.

If you run your own node, nobody can steal them from you (if you keep them safe, but my point is, no forking shit is going to affect you)

Hamphser

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Quote from: Mike Mayor on October 27, 2017, 06:42:19 PM

Quote from: CryptosapienZA on October 04, 2017, 04:07:16 PM

You have nothing to worry about. There's nothing to worry about. Just make sure your coins are in awallet that gives you access to private keys. Do not leave your coins in an exchange. Noone knows how the market will react, we are not see the future. Forks happen, just keep calm and relax.

Yes seriously. People freak out so much over forks. Remember how much hype the first one created? Maybe the price will crash and we will soon benefit from their stupidity.

I think from now on we will be seeing new coins with every fork. Btw yobit support the fork coins so you can keep your BTC there if you want. I had some left over from trades during the last fork so I got them early. It is safer to keep them yourself though.

Not surprising though. People do really freak out if theres a news about an upcoming fork and as a person doesnt really have too much knowledge then you will most likely ending up on selling out when you do see pricefalls.
Talking about keeping coins on yobit? I wont do such thing even though they would be the first to support fork coins.Better to keep it on electrum because im really convenient when i do have the full control of my coins and later on we can really claim those fork coins.

Mike Mayor

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Quote from: CryptosapienZA on October 04, 2017, 04:07:16 PM

You have nothing to worry about. There's nothing to worry about. Just make sure your coins are in awallet that gives you access to private keys. Do not leave your coins in an exchange. Noone knows how the market will react, we are not see the future. Forks happen, just keep calm and relax.

Yes seriously. People freak out so much over forks. Remember how much hype the first one created? Maybe the price will crash and we will soon benefit from their stupidity.

I think from now on we will be seeing new coins with every fork. Btw yobit support the fork coins so you can keep your BTC there if you want. I had some left over from trades during the last fork so I got them early. It is safer to keep them yourself though.

Beparanf

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Quote from: yubsep on October 27, 2017, 06:30:10 PM

Every fork wants to breakdown Bitcoin price !!
Don't worry, Bitcoin will still #1

Fprk are made for corrections that trigger others to have fud or to gain freebies, there might have some crash if fails,but bitcoin can always recover.

yubsep

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Every fork wants to breakdown Bitcoin price !!
Don't worry, Bitcoin will still #1

hahahafr

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Since the new fork is approaching, i think that the best thing you can do is relax yourself first, and try to hold your coins as much as you can. I want to sell my bitcoins as soon as possible, but i do want to receive that free money on november 11nd, so i would not dump my bitcoins for now.
Anyway, i read a lot of posts of people complaining about this new fork, but this is going to be a REAL fork like it was before with Bitcoin Cash, so you dont need to worry about.

maokoto

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There has been already two forks. Both of them have been a great opportunity to cash in some more bitcoin, and it is likely that the november one will be just the same. I would not been surprised even if it did not happen, seeing the lack of success of the previous two forks.

GreenBits

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Quote from: CryptoLD on October 27, 2017, 05:30:35 PM

Well last one to create BCG was actually not a real fork IMO, just some guys who wanted to make their own blockchain using the bitcoin one.

For coming one implementing seg2x, this is a real fork implementing technological improvements. Bitcoin blockchain is quite familiar to this kind of update but at this time, have to say I'm pretty confused about exchanges communication. This could make price move pretty much because of confusion.

Of the same mind. the bitcoin gold fork wasnt really a fork so much as someone capitalizing of of an existing blockchain already in place. the fork didnt really offer any innovation; it was purely an ideological split for all intents and purposes. Seg will actually mean something, and if you thought the price movement was bad on bch and btg, just wait for tthre correction that will come around seg.

Im just really tired of all this; cant wait until we stop all this damned forking of the path, and actually start traveling forward down it.

Quietman

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The fork last October doesn't have a big impact in the price of bitcoin. Fork may occur again but it wont cause any damage to bitcoin I think. If the price fall, it will only be short term. How people handle the or manage the fork adds up panic that makes the price fall. Anyway, it is just normal for bitcoin to go up and down since we know from the beginning that it is volatile.

orarider

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Quote from: ?? on ??

sorry ,,, I am a beginner here and have not understood about the terms that are in bitcoin ,, like bitcoin fork,
please ask for explanation from bitcoin experts about bitcoin forks ,,, ??! and why can fork make any worries ??

You can find out this information on google, it will be explained meticulously, I think no one here can help you understand it. You need to find out for yourself.

CryptoLD

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Well last one to create BCG was actually not a real fork IMO, just some guys who wanted to make their own blockchain using the bitcoin one.

For coming one implementing seg2x, this is a real fork implementing technological improvements. Bitcoin blockchain is quite familiar to this kind of update but at this time, have to say I'm pretty confused about exchanges communication. This could make price move pretty much because of confusion.

Fria

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The only thing would worry about Bitcoin forks are Altcoins. Today it is found out that Bitcoin hard forks is helping out Bitcoin to pump the value and investors will prefer to hard forks like Bitcoin Cash and Gold than low end Altcoins..

bitcoinvestor

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Quote from: hitlab on October 04, 2017, 08:29:27 PM

Don't worry about the fork. You will get some free coins to increase your bitcoin holdings.

Everyone hopes like that, everything is going to be alright. If the same case the same as BCH fork we will earn free altcoins of airdrop, and that's the time to make additional money. I think bitcoin will be resistance to forks and the next forks.

reda

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Quote from: Leezerg on October 06, 2017, 10:54:26 AM

If I keep my bitcoins on the exchange, where will the additional "fork" coins appear? Also, when are those forks happening?

Bitcoin is the value change every day it will give more profit and more information for the business and finance sector it the fork it is price is soul down it worries for the bitcoins. Bitcoin is the fork every time it will manage in the process. But you will check the price every use full to your profit get more. Bitcloin it will best one for the get income process.

Leezerg

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If I keep my bitcoins on the exchange, where will the additional "fork" coins appear? Also, when are those forks happening?

layoutph

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My worry about Bitcoin is, what will happened to this coin if the hardfork, is not that successful and very buggy. For sure a mass dumped will happened next.

Another fear is how decentralized is BTC. ? We dont know, there might be some evil developers that hides some malicious code in the sourcode.

Quote from: bitcoinfactory on October 04, 2017, 03:51:23 PM

Still new to this so i have a couple questions if thats ok. There are supposedly 2 forks coming up in OCT and NOV

Whats the different between these 2 forks?
Why are people more worried about the second one in NOV & Why will that one affect the price more?
Whos in charge of these forks? Bitcoin coders themselves or others?

Thanks!

Topic: Bitcoin fork worries. (Read 1079 times)