Topic: How will the 28th Hard Fork affect the price of BTC & Altcoins (Read 489 times)

I have my opinion about all this forks that is not actualy very positive. So many of them so often are needless and uselles and make nothing but confusion. And I don't beleive that fork can improve the network and cut the fees.
This one announced for the end of December will not influence the price significantly, that is my opinion. I know that many users are happy about the forks because of few so called free coins and that is their only goal but they forget what is fork actualy all about and these false coins would be soon worthless.

Hi centralbanksequalsbombs , Thanks a lot for your detailed explanation. It is very useful.

I was going to ask the same question too because mention was made severally about "developers" making this move, which I think must be core developers, else the talk of giving out portion of Satoshi's coins wouldn't have come up.

Does anything indicate when the snapshot was taken? If it already happened, it definitely won't do anything.

I will admit that I don't understand the technology enough to know if this is still an effort to force the Battle Royale that was supposed to happen with the original fork in some covert way.

The mass manipulation is likely just normal corrections and profit taking, but it could also be gauging a potential to gauge how hard it would be to create the flippening to something new, moving from BCH to the new coin while trying to crash Bitcoin simultaneously.

It almost seems like each side is testing the other-Bitcoin/BCH over the last few days and hold large amounts of each other's coins to try to sell and drive each other's value down. Then they buy their coins back on the cheap and the pattern reverses/value rises.

Conspiracy is way more fun than the truth! 

It is difficult to give a forecast. The main growth he will show in 2018.

As Bitcoin fee is too high and transaction are pretty slow.therefore now we can see many hard forks continuously to be happened, right ?. But still problem doesnt look solved properly . so how this situation affects the future of Bitcoin. there are more coins which are secure and fast more than BTC as i know. I would like to hear your story about my opinion...

There is no point to speculate about December 28th because it is already here. We need the fork to create more space in the blockchain and speed up transactions and reduce fees.

Ahem, and these altcoins, are essentially 'forks', mainly scamcoins - really, as time goes on, they will be lost in the sea of altcoins. Why?

Simple: with each derivative fork the new altcoin makes itself much weaker in ALL of these ways:

-less hashing power than the real Bitcoin network. Thus new scamcoin will be less secure.

-less open, global development of protocol codebase than real Bitcoin. Thus new scamcoin slow to innovate and be more vulnerable.

-less (true) independent full nodes on the network than real Bitcoin. New scamcoin more susceptible to attacks on protocol and hijacking.

-more concentration of coins to fewer individuals than the real Bitcoin network. Thus new scamcoin becomes more unfair with time.

-more geographic concentration of mining than the real Bitcoin network. Thus the new scamcoin will have more points of failure.

-more hardforks demonstrate all these points moreso with each iteration to global public. Thus new scamcoins lose value vs Bitcoin every year.

-is just another altcoin

Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If its development wasn't decentralized around the world, there would be no value
If there was central "leaders" or foundation for the coin, there would be no value
If it was exactly like fiat and only did transactions, there would be no value.

Bitcoin has all the characteristics needed combined to make the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system.


To anyone curious, this is how bitcoin has faired even with the many hundred of altcoin forks from its open source standard it set;
Chart of performance of assets from Xmas 2014 to Dec 1. 2017 (in USD terms):
Bitcoin/USD
S&P 500 Stocks
Real Estate (REITs)
Gold
Bonds




Here are weekly peer-to-peer localbitcoins cash trade data for two random countries as time goes on. Right-most area is the most recent past week.

Its time to stop with all the forks n stuff. People pulling new btc forks from their ***, seriously, stop.

As far as I know, only a few users are supporting this fork and none of the mining pools or exchange owners are backing it. So I expect it to have minimal impact, and the new S2X coin will be most probably having an exchange rate of less than $100.

I think the new fork will touch altcoins mostly rather bitcoin itself. Today I have heard about new airdrops where to have a new coin you will have to have an altcoin, do not remember which one, possibly NEM. So the new fork will shake altcoin section, but bitcoin will stay the same road.

But some of altcoins already have climbed well huh? for instance XVG,

Bitcoin is already taking a heavy hit by the bears making me doubt if the hard fork on the 28th of this month will have effect on the price. Meanwhile, for the altcoins we all know majority of them are trading pairs with Bitcoin, if the hard fork does not affect bitcoin in any way then the altcoins will not be affected too.

I dont this it doesnt affect too much either btc or altcoin.because btc is soo much strong now and it used with many forks.and even altcoin always doesnt have a much affect with hard fork but sometimes the coin price will down for very few moments

In my observation the price of bitcoin will be low till the end of the year and also the altcoins will be low too.

well, first forks were impacting very much the price of BTC (people wanted to buy more in order to have as much as possible new shiny coins), but now is becoming a joke, what should we do now? Why not another hard fork? Great idea! How should we call the new coin?
For me, it's another useless fork instead trying to solve the issues we are having now, another fork, nothing new to see..

Actually What is B2X? can some one explain me it  Don't laugh at my knowledge ..

I just looked and it's gone, no B2X on the screen and i know it was on YoBit for about $1000 yesterday

Myself I was hoping this was not all a scam but even I must admit that it's starting to look that way if
it's $400 on one exchange and $1000 on the other.

You mean nowadays forks are normal and no major effect on BTC price ?

Well the question is will there be a fork?

it is not confirmed at all for now, so its a speculation.

If there will be a fork and we get b2x coins, and btc and we will get segwit adoption and later LN, that would be great... but its a question if there will be such a fork on 28.12.2017