Could Bitcoin fork lower even after August 1st?

hello_good_sir

hero member

Activity: 1008

Merit: 531

Quote from: CreditM8 on July 25, 2017, 07:29:29 PM

After the initial fork before Aug 1st, whats the possibility of Bitcoins forking even further even after Aug 1-2?
The chances seem slim just thinking about it, but what are your thoughts?

BCC is going to go ahead as for the UAHF on August 1st.

Whether or not further forks happen is completely up to the developers and the people that are involved in promoting these forks. There are a lot of forks of bitcoin already, one example that comes to mind is Bitcore. However none has achieved any sort of real popularity.

According to BIP91 segwit will be first activated then a hard fork will happen a few months later to increase the block size to 2MB. This though, ultimately all depends on companies keeping their word and miner signalling.

odolvlobo

legendary

Activity: 4438

Merit: 3387

Quote from: CreditM8 on July 26, 2017, 03:22:52 AM

After Aug 1st (and within the next few days after Aug 1st) people will obviously start to look into buying up those cheaper Bitcoins, in turn raising the price back up due to demand etc etc.

My prediction is that most people will be unloading their BCC, and the price is going to go to 0.

fortunecrypto

legendary

Activity: 2450

Merit: 1047

Quote from: tiggytomb on July 26, 2017, 03:19:34 AM

Quote from: odolvlobo on July 26, 2017, 03:12:54 AM

Quote from: CreditM8 on July 25, 2017, 07:29:29 PM

After the initial fork before Aug 1st, whats the possibility of Bitcoins forking even further even after Aug 1-2?
The chances seem slim just thinking about it, but what are your thoughts?

Anyone can fork bitcoin at any time. The trick is to get people to go along with it.

Yep, what odolvlobo said. It will be interesting to see just how many will go along with Bitcoincash, the price seems to be dropping slightly now for bitcoin as people will no doubt buy into the fear of everything collapsing.

It's a domino effect, it's people who do not trust that bitcoin will get back it's old and higher price again after every issue, whenever Bitcoin price dip some people are going to be a little richer more and these are people who believe.

CreditM8

newbie

Activity: 10

Merit: 0

Ah, apologies. My wording was a bit wrong, should have been more specific.

After Aug 1st (and within the next few days after Aug 1st) people will obviously start to look into buying up those cheaper Bitcoins, in turn raising the price back up due to demand etc etc.
But is there a chance the value goes lower still, within Aug 1st on to perhaps 2-4 days after?

piebeyb

legendary

Activity: 2296

Merit: 1038

Leading Crypto Sports Betting & Casino Platform

A little relaxed for you to think about this,
Did you know that not a few big investors are in bitcoin networks, so will they let the bitcoin die? I think it will not happen,
So do not assume the forking process is a creepy thing, leave it to the experts and believe it will be fine

tiggytomb

legendary

Activity: 1848

Merit: 1000

Quote from: odolvlobo on July 26, 2017, 03:12:54 AM

Quote from: CreditM8 on July 25, 2017, 07:29:29 PM

After the initial fork before Aug 1st, whats the possibility of Bitcoins forking even further even after Aug 1-2?
The chances seem slim just thinking about it, but what are your thoughts?

Anyone can fork bitcoin at any time. The trick is to get people to go along with it.

Yep, what odolvlobo said. It will be interesting to see just how many will go along with Bitcoincash, the price seems to be dropping slightly now for bitcoin as people will no doubt buy into the fear of everything collapsing.

odolvlobo

legendary

Activity: 4438

Merit: 3387

Quote from: CreditM8 on July 25, 2017, 07:29:29 PM

After the initial fork before Aug 1st, whats the possibility of Bitcoins forking even further even after Aug 1-2?
The chances seem slim just thinking about it, but what are your thoughts?

Anyone can fork bitcoin at any time. The trick is to get people to go along with it.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

OP, yes it will. Check this site https://www.bitcoincash.org/

They will do a hard fork because they want to fulfill "Satoshi's vision". But truly this is nothing but the idea of a few Bitcoiners to hard fork Bitcoin away from the Core developers, which the 2 of them could be named Roger and Jihan.

davis196

hero member

Activity: 3094

Merit: 929

Quote from: KrakAJAX on July 25, 2017, 08:24:34 PM

Quote from: CreditM8 on July 25, 2017, 07:29:29 PM

After the initial fork before Aug 1st, whats the possibility of Bitcoins forking even further even after Aug 1-2?
The chances seem slim just thinking about it, but what are your thoughts?

Many forks have happened and if there is no disagreement then everything keeps moving as normal. Iirc a fork happened in 2013 and barely anyone even knows about it.

More forks will happen in the future for sure,but i think that more than 95% of all the bitcoin
users,miners, and devs will always support bitcoin core.That`s why we shouldn`t care about all the
future forks.The forks only scare cryptocurrency traders and create short term price fluctuations.
They aren`t a big threat at all.

KrakAJAX

full member

Activity: 167

Merit: 100

Quote from: CreditM8 on July 25, 2017, 07:29:29 PM

After the initial fork before Aug 1st, whats the possibility of Bitcoins forking even further even after Aug 1-2?
The chances seem slim just thinking about it, but what are your thoughts?

Many forks have happened and if there is no disagreement then everything keeps moving as normal. Iirc a fork happened in 2013 and barely anyone even knows about it.

prometheum

newbie

Activity: 55

Merit: 0

I think further forks will happen, especially as cryptos become more popular.

CreditM8

newbie

Activity: 10

Merit: 0

After the initial fork before Aug 1st, whats the possibility of Bitcoins forking even further even after Aug 1-2?
The chances seem slim just thinking about it, but what are your thoughts?

Topic: Could Bitcoin fork lower even after August 1st? (Read 553 times)