Bitcoin Will Reach New All Time Highs Just Before The Segwit2x Fork

Kyraishi

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Quote from: 949miner on October 05, 2017, 06:02:24 PM

I am so excited about the new fork Grin

i am waiting for it, i really want those free bitcoin gold that i am going to receive after that the fork is done. I made a mistake before, i withdrow all my bitcoins before august 1nd, and i was not able to receive my bitcoin cash, so i am not going to make that mistake again, and i will keep my bitcoins so i can receive my bitcoin gold.
it is realy exciting.

We're not talking about bitcoin gold here. The fork is question is the Segwit2x hard fork, set to happen at around November. It is completely different to the bitcoin gold fork that you're talking about here, which can be seen as an altcoin.

Anyways, i'd say that a week before the SW2x hardfork the price will peak before people panic about the fork and price drop down.

CoinsCoinsEverywhere

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Quote from: 949miner on October 05, 2017, 06:02:24 PM

I am so excited about the new fork Grin

i am waiting for it, i really want those free bitcoin gold that i am going to receive after that the fork is done. I made a mistake before, i withdrow all my bitcoins before august 1nd, and i was not able to receive my bitcoin cash, so i am not going to make that mistake again, and i will keep my bitcoins so i can receive my bitcoin gold.
it is realy exciting.

Keep in mind that the bitcoin gold fork is not the same as the segwit2x fork. The bitcoin gold fork is going to happen later this month, and it's supposed to use a different mining algorithm. I haven't read a lot about it, but my impression is that bitcoin gold is being written off as another bitcoin cash-type fork...in other words, it's not going to amount to much, and it isn't expected to have a large impact on BTC. The segwit2x fork is coming in November, and there's a lot more uncertainty about who's going to support which chain.

949miner

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I am so excited about the new fork Grin

i am waiting for it, i really want those free bitcoin gold that i am going to receive after that the fork is done. I made a mistake before, i withdrow all my bitcoins before august 1nd, and i was not able to receive my bitcoin cash, so i am not going to make that mistake again, and i will keep my bitcoins so i can receive my bitcoin gold.
it is realy exciting.

blockman

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Quote from: kwukduck on October 02, 2017, 12:54:58 PM

Who knows, it's a serious bull trap. But don't forget that the whales know very well what is going on.
They are well aware that the network will collapse with the hard fork and prices will plummet through the floor.
I suspect they withhold selling right now just to boost the price so they can dump even more and harder when a little bull market seems kicks in just before the big disaster strikes.

Look who's talking, kuwkduck never sees that the price is increasing and there's a good pattern that's happening to the chart. How come that they are aware that the network will collapse?

Quote from: Wind_FURY on October 03, 2017, 01:33:05 AM

I take kwukduck's post as a sign that Bitcoin is back in its bullish run and on its way to reach new highs again. The timing of his posts and the price surge that comes days or weeks later is impeccable. If no one believes me, look at his posts and look at the chart.

Every time he talks like that I noticed it too that the price is pumping and what's happening is very opposite to what he stated. Yes, it's a sign that bitcoin will be in bullish again so it's a good buying time.

Wind_FURY

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I take kwukduck's post as a sign that Bitcoin is back in its bullish run and on its way to reach new highs again. The timing of his posts and the price surge that comes days or weeks later is impeccable. If no one believes me, look at his posts and look at the chart.

CoinsCoinsEverywhere

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Quote from: Yamifoud on October 02, 2017, 12:33:34 PM

Quote from: Duzter on September 29, 2017, 01:42:06 PM

Quote from: jackhdt on September 29, 2017, 12:17:20 PM

Quote from: CoinHoarder on September 28, 2017, 08:52:33 PM

Quote

A battle has been brewing among Bitcoin ecosystem participants for quite some time now. If taken at face value, then the battle is all about how Bitcoin should scale (bigger blocks, Segwit, Lightning Network, or Huh

). However, as time goes by, and more pieces of the puzzle fall into place, it is becoming more and more apparent that the battle is actually a front for at least two hidden agendas. That is a complicated topic, one which I will save for another occasion. I promise to post my opinion on such soon. For now I simply wish to point out the main reason why Bitcoin will reach new all time highs in the near future.

More here: https://www.decentralized.tech/blogs/speculation-bitcoin-will-reach-new-all-time-highs-just-before-the-segwit2x-fork

This is possible. Just like the 1st August event. After the event split into Bitcoin and Bitcoin Bitcoin Bitcoin Cash, bitcoin price growth

The entire price moves happening with bitcoin as a whole is completely unpredictable. Based on the fact I believe that bitcoin is all about trust and new ATHs were reached quite often. One such happened during the past 1st August, because during those days the price was expected to fall and in reality growth happened.

Probably it would be the same scenario just like of what happen last August 1. Anyway we can't totally predict it, but we should always expect of something happen after this and before the end of this year. Every moment in bitcoin are full of surprises, hopefully it would be a great surprise.

It might be the same, but I wouldn't count on it. It sounds like there's a lot more controversy and uncertainty about who's going to go which way with the November fork than there was with the August fork. And now that a lot of people have realized what happens with a fork (i.e., you get extra coins), they may behave differently than in August.

kwukduck

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Who knows, it's a serious bull trap. But don't forget that the whales know very well what is going on.
They are well aware that the network will collapse with the hard fork and prices will plummet through the floor.
I suspect they withhold selling right now just to boost the price so they can dump even more and harder when a little bull market seems kicks in just before the big disaster strikes.

Yamifoud

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Quote from: Duzter on September 29, 2017, 01:42:06 PM

Quote from: jackhdt on September 29, 2017, 12:17:20 PM

Quote from: CoinHoarder on September 28, 2017, 08:52:33 PM

Quote

A battle has been brewing among Bitcoin ecosystem participants for quite some time now. If taken at face value, then the battle is all about how Bitcoin should scale (bigger blocks, Segwit, Lightning Network, or Huh

). However, as time goes by, and more pieces of the puzzle fall into place, it is becoming more and more apparent that the battle is actually a front for at least two hidden agendas. That is a complicated topic, one which I will save for another occasion. I promise to post my opinion on such soon. For now I simply wish to point out the main reason why Bitcoin will reach new all time highs in the near future.

More here: https://www.decentralized.tech/blogs/speculation-bitcoin-will-reach-new-all-time-highs-just-before-the-segwit2x-fork

This is possible. Just like the 1st August event. After the event split into Bitcoin and Bitcoin Bitcoin Bitcoin Cash, bitcoin price growth

The entire price moves happening with bitcoin as a whole is completely unpredictable. Based on the fact I believe that bitcoin is all about trust and new ATHs were reached quite often. One such happened during the past 1st August, because during those days the price was expected to fall and in reality growth happened.

Probably it would be the same scenario just like of what happen last August 1. Anyway we can't totally predict it, but we should always expect of something happen after this and before the end of this year. Every moment in bitcoin are full of surprises, hopefully it would be a great surprise.

pooya87

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Quote from: hatshepsut93 on October 01, 2017, 11:26:17 AM

Quote from: pooya87 on October 01, 2017, 02:29:13 AM

to be fair there is a good reason for not having "replay protection" even if we are against this proposal.
according to https://coin.dance/blocks currently 94.4% of hashrate is signalling for NYA or SegWit2x and that means practically there won't be any other chain to replay the transactions. if this doesn't change it is going to be like SegWit part. why didn't SegWit fork have replay protection?

Because SegWit was a soft fork - it is backwards compatible and even though chain splits are possible with soft forks, they are quite short lived and are resolved by the protocol consensus - the longest chain is the valid chain. This is not the case with SegWit2x because it's a hard fork, full nodes are required to switch their clients to be able to interact with a new chain. If 94.4% of hashpower will migrate to SegWit2x (which is very unlikely to actually happen), the original Bitcoin chain will continue to exist as long as there are at least some miners who will mine it. And I'm sure there will be enough of them, because there are thousands of original Bitcoin nodes creating demand for mining - unlike with SegWit2x with their 230 nodes.

it is impossible to give any real opinion about what miners will support at this point. the 94.4% is as meaningless as the 30% support for SegWit versus 40% support for BU in beginning of this year was. when the time comes and the real signalling starts, then the percentages become meaningful and you can speculate about them. also the number of S2X nodes versus others will become meaningless if 100% of mining power goes to another fork.

if in reality it remains 94-95% then you can be sure it will become 100% soon and there won't be any other chain. the original bitcoin chain can not exist with 5-10% hashrate with the difficulty it currently has unless core releases an emergency patch to fork that chain too which will cause a lot of other issues which we saw with BCH.

if it was only 50-60% then things will be very different. a replay protection for SegWit2x becomes mandatory (hell, they shouldn't even fork with that much). then all the things that are being said becomes true.

Wind_FURY

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Quote from: alani123 on October 01, 2017, 04:40:04 AM

Wasn't the last news in that the SegWit2x fork wouldn't be taking place? Even through many sources aren't that objective when covering the issue I don't see how it would take place if so much support for it has already been withdrawn.

Who told you it wont? There is still a good portion in the community clamoring for replay protection in Segwit2x for the safety of the users' coins.

Charlie Lee has a "NO2X" declaration in his Twitter username, and many others who are protesting the contentious hard fork. If you have news about it not going through, please post the link.

Coffee135

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It seems to me that in November, will increase. No problems with the fork not to be. The whales know this, and therefore was made such efforts for the spread of rumors. They knocked the price down for a long time and held her down. After the panic subsides we will see a sharp jump up. It has been many times.

carlfebz2

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Quote from: CoinHoarder on September 28, 2017, 08:52:33 PM

Quote

A battle has been brewing among Bitcoin ecosystem participants for quite some time now. If taken at face value, then the battle is all about how Bitcoin should scale (bigger blocks, Segwit, Lightning Network, or Huh

). However, as time goes by, and more pieces of the puzzle fall into place, it is becoming more and more apparent that the battle is actually a front for at least two hidden agendas. That is a complicated topic, one which I will save for another occasion. I promise to post my opinion on such soon. For now I simply wish to point out the main reason why Bitcoin will reach new all time highs in the near future.

More here: https://www.decentralized.tech/blogs/speculation-bitcoin-will-reach-new-all-time-highs-just-before-the-segwit2x-fork

I do already view this thing would really happen on this upcoming segwit2x again and again on which the price did rose into new ATH which we didn't really expect after that event.All of bitcoin users or on cryptoworld do really shocked on that thing happened and now here we go again on another segwit and the non-stop drama on this ecosystem. I do already expect that we would able to reach new ATH soon but before that we would suffer dip prices too for sure.

hatshepsut93

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Quote from: pooya87 on October 01, 2017, 02:29:13 AM

to be fair there is a good reason for not having "replay protection" even if we are against this proposal.
according to https://coin.dance/blocks currently 94.4% of hashrate is signalling for NYA or SegWit2x and that means practically there won't be any other chain to replay the transactions. if this doesn't change it is going to be like SegWit part. why didn't SegWit fork have replay protection?

Because SegWit was a soft fork - it is backwards compatible and even though chain splits are possible with soft forks, they are quite short lived and are resolved by the protocol consensus - the longest chain is the valid chain. This is not the case with SegWit2x because it's a hard fork, full nodes are required to switch their clients to be able to interact with a new chain. If 94.4% of hashpower will migrate to SegWit2x (which is very unlikely to actually happen), the original Bitcoin chain will continue to exist as long as there are at least some miners who will mine it. And I'm sure there will be enough of them, because there are thousands of original Bitcoin nodes creating demand for mining - unlike with SegWit2x with their 230 nodes.

alani123

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Wasn't the last news in that the SegWit2x fork wouldn't be taking place? Even through many sources aren't that objective when covering the issue I don't see how it would take place if so much support for it has already been withdrawn.

jorneyflair

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I'd expect the Segwit2x fork to probably cause a little bit of panic just before it happens to drive the price down. But right now, things are looking rather bullish and people are buying into coins every single day.

Would not be surprised at all if this trend continued to be like this, at least until a week or two before the scheduled date for the fork.

I defintiely think that a new all time high is going to be set. How high is it i don't know, but should be around $5000-5500.

jtipt

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Quote from: azguard on September 29, 2017, 02:03:48 AM

Quote from: chesthing on September 28, 2017, 09:03:24 PM

Yeah, duh? another free shitcoin for each bitcoin you have to dump for more real bitcoins - YAY!

And we will have 3 coins with "bitcoin" in name. Bad stuff.
Hope that this will be resolved with no more creating another "BITCOIN" close or attempts to be better then bitcoin.

Final is bitcoin is one everything else is altcoin.

Doesn't matter, seen the situation with BCH it is essentially just an altcoin with free coins for anyone who owns BTC. Segwit2x will also be same IMO, what we are getting are just 3 chains with 1MB 2MB and 8MB.

Wind_FURY

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Those miners are technically not "signalling" for Segwit2x. If you think that it is the same with signalling for BIP91/Segwit and then waiting for a number of blocks to have it locked and activated, then you are mistaken.

What the miners are really doing is making their intent known to the public by leaving a message in the blockchain. Everytime they find a block, they leave a message that they will support Segwit2x. That does not mean anything because they could leave the NYA anytime they want.

There are 2 mining pools that already left the NYA.

pooya87

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Quote from: Wind_FURY on September 30, 2017, 07:22:02 AM

Quote from: CoinHoarder on September 29, 2017, 12:05:51 PM

Quote from: Wind_FURY on September 29, 2017, 02:31:16 AM

Quote

Therefore, before the snapshot most Bitcoin users will be taking their coins off of exchanges and parking them in wallets where they have access to the private keys. This results in less Bitcoins on the exchanges to be sold and therefore in less downward pressure than normal.

But will it not also make the traders more cautious and take the stance of "wait and see" before they make their move on the market? I believe that trading will be very stagnant right before the hard fork. If I was made to guess in what direction the market will be, it would be down.

Quote

Even those that want to sell now (or in the near future) will likely be parking their Bitcoins, because the Segwit2x is effectively free money. The result will be the same amount of Bitcoin Core tokens and Segwit2x tokens. Although it is unclear as to which token may be the victorious in the fight for the rights to carry forth the Bitcoin flag, one thing is clear... both tokens will certainly not be worthless. Guessing who will be victorious in the battle is unclear anyways.

Without replay protection both "tokens" will be continued to be "parked" in their wallets. I also believe some will trade some of their Bitcoins for more promising altcoins.

Solid points, and I agree... I could see the market going down up until the fork too. I do not claim to be able to tell the future. My speculation is just that... speculation.

I had not thought about the Bitcoins being parked for an unknown amount of time AFTER the fork if there is no replay protection. Very good insight there, that will definitely effect the market.

Thanks. May I ask what your position is on the hard fork to Segwit2x/btc1? Are you for or against? Your blog post makes me think that you are for Jeff Garzik and the Silbert Accord.

If you are for Segwit2x then what are your thoughts on Jeff Garzik's refusal of placing replay protection?

to be fair there is a good reason for not having "replay protection" even if we are against this proposal.
according to https://coin.dance/blocks currently 94.4% of hashrate is signalling for NYA or SegWit2x and that means practically there won't be any other chain to replay the transactions. if this doesn't change it is going to be like SegWit part. why didn't SegWit fork have replay protection?

CoinsCoinsEverywhere

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I understand that there are some major players in the bitcoin ecosystem that like the idea of Segwit2x and support it, but the solution to all of the uncertainty seems pretty simple to me, at least from an investment standpoint: make sure you can access your coins on both chains after the fork and hold them both as a hedge. Wait until the dust settles to see which is the clear winner, and then sell the other.

Lampaster

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Quote from: azguard on September 29, 2017, 02:03:48 AM

Quote from: chesthing on September 28, 2017, 09:03:24 PM

Yeah, duh? another free shitcoin for each bitcoin you have to dump for more real bitcoins - YAY!

And we will have 3 coins with "bitcoin" in name. Bad stuff.
Hope that this will be resolved with no more creating another "BITCOIN" close or attempts to be better then bitcoin.

Final is bitcoin is one everything else is altcoin.

I'm sorry that some people are engaged in the endless forks in the road and other people applauding this, hoping to capitalize on higher prices. Nobody thinks about the fact that every fork is a disadvantage of trust in the stability of bitcoins and the loss of a certain number of users. It would be better to trade with bitcoins.

Topic: Bitcoin Will Reach New All Time Highs Just Before The Segwit2x Fork (Read 1275 times)