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

Kyraishi

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Quote from: 949miner on October 05, 2017, 05:02:24 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, 05:02:24 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, 11:54:58 AM

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, 12:33:05 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, 11:33:34 AM

Quote from: Duzter on September 29, 2017, 12:42:06 PM

Quote from: jackhdt on September 29, 2017, 11:17:20 AM

Quote from: CoinHoarder on September 28, 2017, 07:52:33 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, 12:42:06 PM

Quote from: jackhdt on September 29, 2017, 11:17:20 AM

Quote from: CoinHoarder on September 28, 2017, 07:52:33 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, 10:26:17 AM

Quote from: pooya87 on October 01, 2017, 01:29:13 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, 03:40:04 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, 07:52:33 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, 01:29:13 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, 01:03:48 AM

Quote from: chesthing on September 28, 2017, 08:03:24 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, 06:22:02 AM

Quote from: CoinHoarder on September 29, 2017, 11:05:51 AM

Quote from: Wind_FURY on September 29, 2017, 01:31:16 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, 01:03:48 AM

Quote from: chesthing on September 28, 2017, 08:03:24 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.

manselr

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Quote from: Wind_FURY on September 30, 2017, 06:22:02 AM

Quote from: CoinHoarder on September 29, 2017, 11:05:51 AM

Quote from: Wind_FURY on September 29, 2017, 01:31:16 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?

Jeff Garzik is insane. He wants to get rid of the original chain and then claim segwit2xcoin is BTC. He is another power drunk developer that thinks users=bribed hashrate and bribed fiat exchanges.

I hope that we get enough hashrate for the whales to dump on segwit2x chain and destroy the price, otherwise we are going to see Bitcoin get took over by corporate fiat CEOs and at that point it's pretty much dead.

Wind_FURY

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Quote from: CoinHoarder on September 29, 2017, 11:05:51 AM

Quote from: Wind_FURY on September 29, 2017, 01:31:16 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?

RoommateAgreement

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Bazinga!

there will surely be a rise and it will become big but the previous ATH which was a little above $5000 seems to be a bit far away and the SegWit2x drama seems to me to be a lot closer than the time required for breaking the ATH and go above it like reaching $5500 for example.

besides the drama about China is not over yet. it can not get any worse than this but it is still like a hand-brake that prevents any speedy movement.

i think a more logical speculation would be testing of $5000 resistance once again before the fork drama starts.

mobnepal

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Quote from: chesthing on September 28, 2017, 08:03:24 PM

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

Yeah its as simple as that, many have dumped shitload of BCH which they have got for free when price was near $1000 per Bitcoin cash.
I think same will happen to any other forked/clone version of bitcoin if network will be splited on November.

People will buy bitcoin all the way upto new ATH to get some free forked coins after hardfork, so I also think new ATH is possible before another possible hard fork.

Duzter

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Quote from: jackhdt on September 29, 2017, 11:17:20 AM

Quote from: CoinHoarder on September 28, 2017, 07:52:33 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.

jackhdt

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Quote from: CoinHoarder on September 28, 2017, 07:52:33 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

CoinHoarder

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Quote from: Wind_FURY on September 29, 2017, 01:31:16 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.

CoinHoarder

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Quote from: chesthing on September 28, 2017, 08:03:24 PM

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

I'm not sure if this is aimed at my claim that Bitcoin will reach new all time highs, or my advice to move tour Bitcoins to an address where you have the private key.

If the latter, then yeah it is a "duh" for most people in Bitcointalk, but I know at least some novices read my blog, such as family and friends. That is more directed at them.

If the "duh" was directed at my call for new ATHs, then I think you are oversimplifying a very convoluted matter. New ATHs before the fork is certainly not a sure thing.

There has been a lot of FUD surrounding Bitcoin lately from "important" people. Every other day a different country seems to do something negative in regards to regulation or "banning" ICOs. The forks are creating confusion and incertainty in the market, and it looks like Bitcoin Gold (Bitcoin fork that changes the PoW algo since Bitcoin Segwit2x is launching without replay protection and a difficulty adjustment on Bitcoin Core could take 4 to 5 months) is about to be thrown into the mix too.

There hasn't really been much good news lately, but if buy support can remain the same, and sell pressure is relieved because of people moving coins off of exchanges, then I can.see us reaching new ATHs... despite the uncertainty, bad news, and lack of good news.

manselr

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Quote from: azguard on September 29, 2017, 01:03:48 AM

Quote from: chesthing on September 28, 2017, 08:03:24 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.

Last time I checked... there's only 1 Bitcoin. I don't understand why some people pretend Bitcoin Cash is a second Bitcoin. Why aren't they counting Bitcoin Dark, Bitcoin Plus, Bitcore and so on? And what about the up and coming Bitcoin Gold?

Stop falling for propaganda. There is never going to be two Bitcoins. The problem with segwit2x is that these bastards are trying to kill the legacy chain. If they really wanted to compete, they would just fork and add replay protection and become an altcoin like Bitcoin Cash, but they pretend to take over the real Bitcoin. This is dangerous for anyone involved on that, I don't think the real Bitcoin whales are going to like that.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: azguard on September 29, 2017, 01:03:48 AM

Quote from: chesthing on September 28, 2017, 08:03:24 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.

As long as there's someone who's willing to use their resources to create their own version of bitcoin and thinks that their implementation is better, it wouldn't stop.

A possible bull run before November is highly likely seeing that the China fud has faded and new money is being poured into bitcoin every single day, though a new ATH might not be achieved since there's no news or any incentive for the price to push beyond 5k. It might hover around $4300-$4500 but that's just about it.

cafucafucafu

hero member

Activity: 812

Merit: 509

I think this is likely.

Just like the 1st August event, i think that the 2x fork could potentially accelerate the growth of bitcoin price, and just before that if people are optimistic enough about the fork going well then we could potentially see a new all time high.

Even though the pump has cooled down i think it is far from over. I expect in October to see at least $4500 if not $5000 being hit.

CoinsCoinsEverywhere

hero member

Activity: 532

Merit: 500

Quote from: player514 on September 29, 2017, 01:09:46 AM

Quote from: azguard on September 29, 2017, 01:03:48 AM

Quote from: chesthing on September 28, 2017, 08:03:24 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've never completely understood the reason why multiple coins with "bitcoin" in them is a bad sign. Is it because people who want to invest in bitcoin are looking for a unique coin to go for, or could it be the fact that one of the spin-off coins could be more successful than BTC itself? I think altcoins are a great addition to the Bitcoin universe; it stimulates a market of trading and exchanging just like international currencies.

This is something I'm not 100% clear on either, but I can come up with a few more things. As you said, I think the risk that one of the bitcoin forks that isn't initially supported much by the community could be more successful than BTC is a concern. Forks are disruptive to the bitcoin ecosystem, with some players not being willing to support all forms. If BTC starts forking every month, in a year we'll have like 15 different kinds of bitcoin. Nobody wants to have to keep up with all of those different pieces of software. Too many forks could also dilute everything about BTC: price, mining, etc. If enough forks seriously split up the bitcoin network's mining capacity, BTC could become much more vulnerable to a 51% attack. New investors will also either have a hard time picking among the different bitcoins, or they may simply avoid it due to too much complexity.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: player514 on September 29, 2017, 01:09:46 AM

Quote from: azguard on September 29, 2017, 01:03:48 AM

Quote from: chesthing on September 28, 2017, 08:03:24 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've never completely understood the reason why multiple coins with "bitcoin" in them is a bad sign. Is it because people who want to invest in bitcoin are looking for a unique coin to go for, or could it be the fact that one of the spin-off coins could be more successful than BTC itself? I think altcoins are a great addition to the Bitcoin universe; it stimulates a market of trading and exchanging just like international currencies.

it is only "bad sign" because people have found out about what a "fork" is recently (about a couple of months ago before August drama). but in reality the forks of bitcoin existed a long time ago and they have been forking from bitcoin from early days.
there currently is also a lot of coins with the name "bitcoin" in them one way or another. other coins that have no bitcoin in their name or not even forked from bitcoin are still using "bitcoin" name to their own advantage!

go to coinmarketcap.com and search for bitcoin to see how many of them come up. there are also a couple with a little different name like BitCore but it is in fact bitcoin core. but you never hear people talk about them or complain. and soon these other new forks will join those old altcoins on the shelf of failed projects.

DaMut

sr. member

Activity: 1274

Merit: 263

even though in the next few weeks we should face the hardfork,
but it's not yet confirmed right to see a chain split again in the future ?
so why would we bother about another Bitcoin Gold,Bitcoin Silver and other Bitcoin,while we can focus ourself to get a lot of 'Bitcoin' before the hardfork.
just treat that issue as an interest for holding 'Bitcoin' in our wallet for sometimes.
and i agree with the tittle,we should see another all time highs before Hardfork.
based on our live chart we should see another bull movement in coming days/weeks.if we hit another ATH before Hardfork,
after hardfork we will see a flash crash and then consolidate

player514

legendary

Activity: 1414

Merit: 1039

Quote from: forkchain on September 29, 2017, 01:17:51 AM

Quote from: player514 on September 29, 2017, 01:09:46 AM

Quote from: azguard on September 29, 2017, 01:03:48 AM

Quote from: chesthing on September 28, 2017, 08:03:24 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've never completely understood the reason why multiple coins with "bitcoin" in them is a bad sign. Is it because people who want to invest in bitcoin are looking for a unique coin to go for, or could it be the fact that one of the spin-off coins could be more successful than BTC itself? I think altcoins are a great addition to the Bitcoin universe; it stimulates a market of trading and exchanging just like international currencies.

Bad signs are just a word for other altcoin because they are not much trusted while if you are talking about bitcoin they are trusted and since it is going upward once again.

There are definitely a good amount of "trusted" altcoins out on the market (unless I'm interpreting this incorrectly). Take a look at Ethereum and Litecoin. They are trusted altcoins used by many, especially Ethereum because it's built on the Etherem open software platform. I guess BCH could also be classified as a trusted altcoin too.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: azguard on September 29, 2017, 01:03:48 AM

Quote from: chesthing on September 28, 2017, 08:03:24 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.

actually, there could be 4 coins: bitcoin, bitcoin cash, bitcoin segwit2x, and bitcoin gold. that's right, there's a new hard fork gaining traction that will change to a memory-hard POW algorithm to return to a gpu-mining economy rather than one dominated by asics.

regarding the OP's prediction..... i had similar thoughts. i was torn between that scenario and masterluc's bearish scenario to the lower $2000s. before all this bad news started hitting today/yesterday, i was 60-40 bullish. now i'm neutral or maybe even leaning bearish. hopefully my sentiment is wrong because i'm not selling anything right now.

Wind_FURY

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Activity: 2898

Merit: 1823

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.

forkchain

member

Activity: 95

Merit: 10

Quote from: player514 on September 29, 2017, 01:09:46 AM

Quote from: azguard on September 29, 2017, 01:03:48 AM

Quote from: chesthing on September 28, 2017, 08:03:24 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've never completely understood the reason why multiple coins with "bitcoin" in them is a bad sign. Is it because people who want to invest in bitcoin are looking for a unique coin to go for, or could it be the fact that one of the spin-off coins could be more successful than BTC itself? I think altcoins are a great addition to the Bitcoin universe; it stimulates a market of trading and exchanging just like international currencies.

Bad signs are just a word for other altcoin because they are not much trusted while if you are talking about bitcoin they are trusted and since it is going upward once again.

player514

legendary

Activity: 1414

Merit: 1039

Quote from: azguard on September 29, 2017, 01:03:48 AM

Quote from: chesthing on September 28, 2017, 08:03:24 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've never completely understood the reason why multiple coins with "bitcoin" in them is a bad sign. Is it because people who want to invest in bitcoin are looking for a unique coin to go for, or could it be the fact that one of the spin-off coins could be more successful than BTC itself? I think altcoins are a great addition to the Bitcoin universe; it stimulates a market of trading and exchanging just like international currencies.

azguard

legendary

Activity: 1484

Merit: 1001

Crypto-News.net: News from Crypto World

Quote from: chesthing on September 28, 2017, 08:03:24 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.

chesthing

legendary

Activity: 1414

Merit: 1000

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

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

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

Topic: Bitcoin Will Reach New All Time Highs Just Before The Segwit2x Fork (Read 1328 times)