From a investor point of view is it best to wait till the BU hard fork happens then buy bitcoins or best to buy bitcoins now?
Nobody can take a guess or estimate of when the hard fork will happen? With all this FUD news of BU hard fork I recently hearing it sounds like its going to happen soon this year.
Also I heard that segwit must be activated before the end of this year otherwise it is automatically cancelled and thrown out. Is this true?
Topic: BU Hard Fork or Segwit Soft Fork newbie questions - page 2. (Read 1283 times)
When will BU Hard Fork happen, will it happen this year?
Impossible to predict. It is not scheduled for any particular day or time. It will happen only if/when a miner decides to mine a larger block, and enough other miners decide to mine on top of it.
I hear that once the hard fork happens bitcoins will split into 2 coins.
Possibly (probably?), but not necessarily. If an overwhelming majority of users all decide to run Unlimited compatible code, then it is possible that the non-Unlimited-compatible fork will simply die.
Does that mean let's say for example I have 1 bitcoin worth $1000 then once the BU hard fork happens then I have 2 coins meaning I have 1 BTC at $1000 then I also have 1 BUTC at $1000 meaning I have extra $1000 for free totallinf $2000?
Impossible to predict. The value of the Unlimited coin could increase or decrease. The value of the Core coin could increase or decrease. It will all depend on how many people want the Unlimited coins and how many want the Core coins.
Or will the BU hard Fork crash prices to half price?
Either Core or Unlimted could crash a lot farther than that.
Once the BU hard fork happens 1st then does that mean Segwit is automatically cancelled or Vice-Versa?
There is no guarantee that there will every be an Unlimited fork. IF it happens, then SegWit could still continue on the Core fork, and/or SegWit could still be added to the Unlimited fork.
If BU hard fork fails and is turned into a separate altcoin then does that mean Segwit is the winner.
This isn't an battle where only one can win. Core could still decide to increase block size, Unlimited could still decide to add SegWit. Someone else could still release their own node software that does both, or neither, or something else entirely.
When will BU Hard Fork happen, will it happen this year?
I hear that once the hard fork happens bitcoins will split into 2 coins. Does that mean let's say for example I have 1 bitcoin worth $1000 then once the BU hard fork happens then I have 2 coins meaning I have 1 BTC at $1000 then I also have 1 BUTC at $1000 meaning I have extra $1000 for free totallinf $2000? Or will the BU hard Fork crash prices to half price?
Once the BU hard fork happens 1st then does that mean Segwit is automatically cancelled or Vice-Versa?
If BU hard fork fails and is turned into a separate altcoin then does that mean Segwit is the winner. If Segwit wins the democracy then when will segwit be activated?
Thanks,
I hear that once the hard fork happens bitcoins will split into 2 coins. Does that mean let's say for example I have 1 bitcoin worth $1000 then once the BU hard fork happens then I have 2 coins meaning I have 1 BTC at $1000 then I also have 1 BUTC at $1000 meaning I have extra $1000 for free totallinf $2000? Or will the BU hard Fork crash prices to half price?
Once the BU hard fork happens 1st then does that mean Segwit is automatically cancelled or Vice-Versa?
If BU hard fork fails and is turned into a separate altcoin then does that mean Segwit is the winner. If Segwit wins the democracy then when will segwit be activated?
Thanks,
Theoretically you are right. You will have 100+100 coins and they will be 1000$+1000$ for a few miliseconds only. As soon as BU made its appearance, it will be available on exchanges.
Core bitcoins and BUcoin's value will change in seconds after that.
It is very simple actually. You have 100bitcoins right now, and think about that you will have another 100bitcoins for free tomorrow. And now think this as if it happened for all bitcoin users.
Maybe not you, maybe not me, but most of the bitcoin holders will dump that free bitcoins for free $$$. Take this into consideration.
When will BU Hard Fork happen, will it happen this year?
I hear that once the hard fork happens bitcoins will split into 2 coins. Does that mean let's say for example I have 1 bitcoin worth $1000 then once the BU hard fork happens then I have 2 coins meaning I have 1 BTC at $1000 then I also have 1 BUTC at $1000 meaning I have extra $1000 for free totallinf $2000? Or will the BU hard Fork crash prices to half price?
Once the BU hard fork happens 1st then does that mean Segwit is automatically cancelled or Vice-Versa?
If BU hard fork fails and is turned into a separate altcoin then does that mean Segwit is the winner. If Segwit wins the democracy then when will segwit be activated?
Thanks,
I hear that once the hard fork happens bitcoins will split into 2 coins. Does that mean let's say for example I have 1 bitcoin worth $1000 then once the BU hard fork happens then I have 2 coins meaning I have 1 BTC at $1000 then I also have 1 BUTC at $1000 meaning I have extra $1000 for free totallinf $2000? Or will the BU hard Fork crash prices to half price?
Once the BU hard fork happens 1st then does that mean Segwit is automatically cancelled or Vice-Versa?
If BU hard fork fails and is turned into a separate altcoin then does that mean Segwit is the winner. If Segwit wins the democracy then when will segwit be activated?
Thanks,
Jump to: