Topic: Bitcoin vs SegWit2x - after split price predictions - page 4. (Read 5418 times)
People will stick to bitcoin, not bitcoin cash or bitcoin2x. Simply because how many business and companies that accepting bitcoin, it has real usability in various industries and being used as a medium of exchange. If another chain split will happen, bitcoin price maybe fall down to $2500 or $2000 as the lowest price, but who knows for sure. If people will get free bitcoin2x, the same thing will happen such as bitcoin cash when it was launched, it will get dumped.
Another split? probably it will happen as with Bitcoin Cash. A good name would be just segwit2xcoin.
I am beginning to think people like to produce split in order to create opportunities to earn a little from the forked coin, rather than to seriously produce an alternative.
I am beginning to think people like to produce split in order to create opportunities to earn a little from the forked coin, rather than to seriously produce an alternative.
I think this will be much more complicated, because devs of SegWit2x call their coin Bitcoin, unlike Bcash who at least honestly distinguished itself from Bitcoin.
People who run online wallets will have power to decide for their users which chain is Bitcoin, and it can be huge. For example, Coinbase is a part of NYA, and in worst case scenario they will push 2x as Bitcoin and refuse to support Core chain, so suddenly all their customers will only have 2x coins.
There was a huge volatility around Jul 20th when the situation with SegWit was uncertain, and this might repeat in November.
Segwit2x seems to have much more support than the outlier that was BCH, which means that I wouldn't be so sure about which chain emerges as the "true" Bitcoin in the end, ie. the one with the highest adoption rate. I personally will probably keep holding both coins, since while I trust the core devs more the 2x approach still appears to have its merits (or rather: Apart from the questionably short development cycle I haven't heard an argument against 2x that fully convinced me).
All this leads me to the conclusion that shit will be fucked. I assume that after the fork both coins will be pretty close to parity with core segwit having a slight edge. The fiat markets won't be able to support both coins at their pre-fork price level, leading to a crash of both and possibly the start of a prolonged bear market until the dust has settled. Short to mid-terms the combined fiat value will be less than before the fork. Long term the combined fiat value will be higher, because crypto always wins.
I honestly hope a serious hardfork (close to 50% of miners switching chains) can be avoided one way or another (either by enough 2x supporters jumping ship or by core suggesting a solid roadmap for a delayed Segwit2x deployment).
All this leads me to the conclusion that shit will be fucked. I assume that after the fork both coins will be pretty close to parity with core segwit having a slight edge. The fiat markets won't be able to support both coins at their pre-fork price level, leading to a crash of both and possibly the start of a prolonged bear market until the dust has settled. Short to mid-terms the combined fiat value will be less than before the fork. Long term the combined fiat value will be higher, because crypto always wins.
I honestly hope a serious hardfork (close to 50% of miners switching chains) can be avoided one way or another (either by enough 2x supporters jumping ship or by core suggesting a solid roadmap for a delayed Segwit2x deployment).
SegWit2x developers and miners are not backing down from their intention to hardfork in November, while the upcoming update for Bitcoin Core client will be automatically disconnecting SegWit2x nodes.
The possibility of chain split looks very high, which raises a few questions.
How exchanges will be naming Bitcoin chains after split - will they name one as a Bitcoin, or rename both to something like Bitcoin Core and Bitcoin2x?
The possibility of chain split looks very high, which raises a few questions.
How exchanges will be naming Bitcoin chains after split - will they name one as a Bitcoin, or rename both to something like Bitcoin Core and Bitcoin2x?
When the Segwit2x project was announced, it was very clear what their intention was in this respect. They called their implementation "BTC1" for a reason: they want/expect exchanges to refer to the legacy chain as BTC2.
What will be the prices for those coins? How their value will change after a few months?
It's impossible to predict future demand. We can really only look to social media activity, businesses reacting to their customers' demands, the stance of Core developers and miner signalling as any indication. Everything points to one thing: major controversy. We all have incentive to remain a cohesive network, but that may not overcome the push towards a permanent fork here.
Will combined value of both coins increase or decrease?
If Metcalfe's law is correct, then the value of each network will drop in a permanent split, since the users of the original network will split/diverge. In theory, this means that the value of both coins (combined) should decrease. However, markets are inefficient, and these markets are very illiquid.
I wouldn't make any major bets before the fork (should the fork happen). Although I strongly believe in smaller block sizes and fully support Core, I will let the market decide, holding coins on both forks.
I well and truly do not believe there'll be a split. 2X will turn out to have enough flaws for the NYA folk to reject it. Even if there aren't enough genuine flaws Core'll probably FUD it up enough to turn people off.
SegWit2x developers and miners are not backing down from their intention to hardfork in November, while the upcoming update for Bitcoin Core client will be automatically disconnecting SegWit2x nodes.
The possibility of chain split looks very high, which raises a few questions.
How exchanges will be naming Bitcoin chains after split - will they name one as a Bitcoin, or rename both to something like Bitcoin Core and Bitcoin2x?
What will be the prices for those coins? How their value will change after a few months?
Will combined value of both coins increase or decrease?
The possibility of chain split looks very high, which raises a few questions.
How exchanges will be naming Bitcoin chains after split - will they name one as a Bitcoin, or rename both to something like Bitcoin Core and Bitcoin2x?
What will be the prices for those coins? How their value will change after a few months?
Will combined value of both coins increase or decrease?
in my honest opinion,everything will be same like what they did before.
look at it back when the chain split,everbody buying Bitcoin in order to get an airdrop from the split.
afterwards,people starting to sell the airdrop aka Bitcoin Cash to buy more Bitcoin.
So,what will happen in the next chain split again ?
i guess we will see something like this again,hopefully it will because no matter what will happen as long Bitcoin price surge and rise.
everything is will be fine,
and i don't care about other coin from the splitting.no only me obviously many people will think same like me
Another split? probably it will happen as with Bitcoin Cash. A good name would be just segwit2xcoin.
I am beginning to think people like to produce split in order to create opportunities to earn a little from the forked coin, rather than to seriously produce an alternative.
I am beginning to think people like to produce split in order to create opportunities to earn a little from the forked coin, rather than to seriously produce an alternative.
Nobody knows.
The only thing that is certain is that it will be one big cluster f*ck!
The only thing that is certain is that it will be one big cluster f*ck!
SegWit2x developers and miners are not backing down from their intention to hardfork in November, while the upcoming update for Bitcoin Core client will be automatically disconnecting SegWit2x nodes.
The possibility of chain split looks very high, which raises a few questions.
How exchanges will be naming Bitcoin chains after split - will they name one as a Bitcoin, or rename both to something like Bitcoin Core and Bitcoin2x?
What will be the prices for those coins? How their value will change after a few months?
Will combined value of both coins increase or decrease?
The possibility of chain split looks very high, which raises a few questions.
How exchanges will be naming Bitcoin chains after split - will they name one as a Bitcoin, or rename both to something like Bitcoin Core and Bitcoin2x?
What will be the prices for those coins? How their value will change after a few months?
Will combined value of both coins increase or decrease?
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