next bitcoin fork in Nov? - page 4. | Bitcointalksearch.org

hurain

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Quote from: 1Referee on August 26, 2017, 03:13:27 PM

Quote from: Irdina on August 26, 2017, 02:57:22 PM

The fork that will happen in november will not affect the bitcoin price, the first fork in August did affect the bitcoin price, but that's because of a negative issue, so many people panic, and sell its bitcoin, panic sell that keeps the bitcoin price down.

Just because the previous chain split didn't seem to have any negative consequences, doesn't automatically mean we'll be walking out unharmed once again. Bitcoin Cash has only the support of a few malicious miners, while the 2MB hard fork is something the majority of the miners have agreed on - that's a clear and important difference. In other words, things will get far more serious this time. It's funny how people were getting more and more nervous as the 1st of August date was approaching, but now don't seem to see the importance of this November event. Roll Eyes

that is what we are expecting that in next fork again there will be no such effect on bitcoin and its community, I think that people will give no preyority to fork, but they will continue trading bitcoin hopefully that even in November the price of bitcoin will continue increasing for a long long time.

Variogam

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Quote from: illinest on August 26, 2017, 03:00:41 PM

The November fork is backed by the vast majority of miners, and many major services (Coinbase, Bitgo, etc). It has way more support than BCH, and more users probably support it, too.

Its not fork though, most Bitcoin economy agreed to change Bitcoin consensus rules from 1MB to 2MB, so it is planned Bitcoin update. Whether the old 1MB chain going to be even functional is a question, if yes, there might be new altcoin then.

1Referee

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Quote from: Irdina on August 26, 2017, 02:57:22 PM

The fork that will happen in november will not affect the bitcoin price, the first fork in August did affect the bitcoin price, but that's because of a negative issue, so many people panic, and sell its bitcoin, panic sell that keeps the bitcoin price down.

Just because the previous chain split didn't seem to have any negative consequences, doesn't automatically mean we'll be walking out unharmed once again. Bitcoin Cash has only the support of a few malicious miners, while the 2MB hard fork is something the majority of the miners have agreed on - that's a clear and important difference. In other words, things will get far more serious this time. It's funny how people were getting more and more nervous as the 1st of August date was approaching, but now don't seem to see the importance of this November event. Roll Eyes

darkangel11

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Quote from: Irdina on August 26, 2017, 02:57:22 PM

The fork that will happen in november will not affect the bitcoin price, the first fork in August did affect the bitcoin price, but that's because of a negative issue, so many people panic, and sell its bitcoin, panic sell that keeps the bitcoin price down.

I think it will, but in a good way. If we look at the previous price reactions to various news we'll see that BTC reacts to every change and vital piece of news by adjusting its price accordingly. It would be unwise to think nothing is going to happen now. Best case scenario there will be no dump attempts and we'll have another push towards new ATH

manchester93

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Quote from: drachman on August 26, 2017, 02:37:25 PM

Most people are in bitcoin only to earn money, so they do not care if the forks weaken bitcoin as a whole, since a lot of the miners hash power is going to move to this new other coin, they are not even thinking about the fact that even if they got additional coins if the price of bitcoin goes lower they may end up losing money on the process.

If Bitcoin really does fork again and significant economic activity moves to the new chain, but both are still viable, then this could be really bad news for the price over time as investors choose which chain to support (and which to dump). With BCH, no one really believes that it's "Bitcoin." But if both the legacy BTC and Segwit2x BTC are fighting for the name of "Bitcoin" then I could see it getting pretty bloody.

illinest

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Quote from: Irdina on August 26, 2017, 02:57:22 PM

The fork that will happen in november will not affect the bitcoin price, the first fork in August did affect the bitcoin price, but that's because of a negative issue, so many people panic, and sell its bitcoin, panic sell that keeps the bitcoin price down.

Bitcoin Cash was only supported by ViaBTC, Bitmain and Roger Ver. And I don't think all of their resources were invested in it, either. It was sort of an experiment, and a pretty successful one, at least in the short term. Long term, we will see if it dies off, or if it really does end up leeching off of Bitcoin (and drawing its investors away).

The November fork is backed by the vast majority of miners, and many major services (Coinbase, Bitgo, etc). It has way more support than BCH, and more users probably support it, too.

Irdina

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The fork that will happen in november will not affect the bitcoin price, the first fork in August did affect the bitcoin price, but that's because of a negative issue, so many people panic, and sell its bitcoin, panic sell that keeps the bitcoin price down.

illinest

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Quote from: fullhdpixel on August 26, 2017, 07:10:52 AM

But as I’m seeing it, the split on November might take down price to half.

There would have to be a very significant split for that to happen. If markets were efficient, and Metcalfe's Law held true, then a 50-50 network split would be even worse than that. Jimmy Song made a chart where, based on Metcalfe's Law, he made some extrapolations regarding expected value losses in a network split scenario. Impossible to find now, since he post so many articles...

drachman

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Quote from: bitart on August 21, 2017, 03:25:54 PM

Quote from: trecore4 on August 21, 2017, 12:17:47 PM

Quote from: Rinaze on August 17, 2017, 02:41:37 PM

I think you might be referring to Segwit2x, The New York Agreement (NYA).

https://bravenewcoin.com/news/segwit2x-the-new-york-agreement/

Yup that's right, it is going to happen for sure. The fork starts in the first week of November and everyone is waiting for this fork because they think that there will be another dip for bitcoin and everyone might just start investing more into bitcoin. NYA might just create third currency or clone of bitcoin leading to crazy market movements. Let's hope everything happens the same way as it happened with hard fork in august. Fingers crossed and ready to welcome the next fork. Hope it brings us fortune, and a lot of it.

I've read a lot of comments like: gimme more forks, comeon', free coins, etc.. People just don't think it over from a different perspective, because of the fork of August 1st. It was just an easy fork, but price was still volatile. If a new fork comes in November, where 50% will support the old bitcoin, 50% the new coin, what will happen with the price of the real bitcoin?
We need to think it over again in October, at last, to get prepared. Not all forks are so smooth and easy, but we'll see.

Most people are in bitcoin only to earn money, so they do not care if the forks weaken bitcoin as a whole, since a lot of the miners hash power is going to move to this new other coin, they are not even thinking about the fact that even if they got additional coins if the price of bitcoin goes lower they may end up losing money on the process.

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Quote from: Rinaze on August 21, 2017, 01:54:43 PM

Quote from: Babylon on August 21, 2017, 01:48:43 PM

Quote from: Coinzzz on August 17, 2017, 01:52:44 PM

Hi all,

I read somewhere that there will be another bitcoin fork in nov, is this true??

Where can I read more info on this? I googled but didn't find any news regarding this?

If it happens then it seems there will be another dip and I would buy then!!

Thankss

One big bitcoin fork already happened and it didn't do much on bitcoin. I think the next one wouldn't be too soon, and possibly most people would just usually ignore it. The last one didn't even do a thing to btc, and it didn't even affect it's price. Maybe a year or few years from now it's possible, but who knows when? Let's just wait for some confirmation.

I assume the "big" BTC fork that you have mentioned is referring to the event on August 1st. That's a soft fork compared to a hard fork for the upcoming one. BCH only exist because the minority still decides to split even though the majority has voted otherwise. The New York Agreement which might lead to a hard fork (You have no say in this) is something that the majority agreed on beforehand.

It’s not a matter of seeing it on Google, cause I saw mine on Bitcointalk.org. they even said that BCC/BCH was not due to any split. Maybe as you said, there was a soft fork and not a hard fork. But as I’m seeing it, the split on November might take down price to half.

drachman

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Quote from: muraqaba on August 17, 2017, 08:10:02 PM

yes another fork is coming . i would assume a massive pump is also coming because of this fork to? increase your bitcoin holdings for more gains in this fork?

https://www.coindesk.com/block-494784-segwit2x-developers-set-date-bitcoin-hard-fork/

It is difficult to know, a few weeks before the august 1 the price dumped and then it went back to normal, I do not know if the price is going to pump because at august one we got segwit activation and now we are not going to get any positive news.

the rise

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Quote from: Clement Kaliyar on August 24, 2017, 03:08:08 PM

Quote from: South Park on August 22, 2017, 02:30:24 PM

Things are not going to be so simple, no one expected the bitcoin cash fork but since it does not have a lot of support not many people care either way that is why bitcoin was unaffected but the next fork is going to be another story it has a lot of support from miners and exchanges.

Even when it comes to the fork we had,you really cannot tell that bitcoin cash does not have a lot of support,just check the volume and the price pump every now and then,just look at the state of bitcoin and the time it takes to get one confirmation even now,things are getting bad in my aspect,lets hope the best for November.

From the system upgrades in August I assumed that what people call "black november" will produce the same conditions as bitcoincash, there will be new coins that benefit us, the attention here is the attitude taken by roger verr and jihan wu to bitcoin unlimited, they have not given up and continue to be involved in every hardfork process.

Clement Kaliyar

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Quote from: South Park on August 22, 2017, 02:30:24 PM

Things are not going to be so simple, no one expected the bitcoin cash fork but since it does not have a lot of support not many people care either way that is why bitcoin was unaffected but the next fork is going to be another story it has a lot of support from miners and exchanges.

Even when it comes to the fork we had,you really cannot tell that bitcoin cash does not have a lot of support,just check the volume and the price pump every now and then,just look at the state of bitcoin and the time it takes to get one confirmation even now,things are getting bad in my aspect,lets hope the best for November.

hv_

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Quote from: South Park on August 22, 2017, 02:30:24 PM

Quote from: muraqaba on August 17, 2017, 08:10:02 PM

yes another fork is coming . i would assume a massive pump is also coming because of this fork to? increase your bitcoin holdings for more gains in this fork?

https://www.coindesk.com/block-494784-segwit2x-developers-set-date-bitcoin-hard-fork/

Things are not going to be so simple, no one expected the bitcoin cash fork but since it does not have a lot of support not many people care either way that is why bitcoin was unaffected but the next fork is going to be another story it has a lot of support from miners and exchanges.

Like big ones: ShapeShift, BitPay,.... . But more intersting might be, that lots of the former 'decentralized' actors learned to collude i.o. to get what they want ( from other collusions like UASF or BSCore) and created a strong productive 'testnet' Bitcoin Cash as a precurser or proof of concept that HF and big blocks are no real things to fear.

And if finally all NYA colluders do what they ve signed, miners with say 90% , it might be irrelevant what you will run on your private, connection-starving node.

South Park

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Quote from: muraqaba on August 17, 2017, 08:10:02 PM

yes another fork is coming . i would assume a massive pump is also coming because of this fork to? increase your bitcoin holdings for more gains in this fork?

https://www.coindesk.com/block-494784-segwit2x-developers-set-date-bitcoin-hard-fork/

Things are not going to be so simple, no one expected the bitcoin cash fork but since it does not have a lot of support not many people care either way that is why bitcoin was unaffected but the next fork is going to be another story it has a lot of support from miners and exchanges.

Coinzzz

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Quote from: Rinaze on August 21, 2017, 01:54:43 PM

Quote from: Babylon on August 21, 2017, 01:48:43 PM

Quote from: Coinzzz on August 17, 2017, 01:52:44 PM

Hi all,

I read somewhere that there will be another bitcoin fork in nov, is this true??

Where can I read more info on this? I googled but didn't find any news regarding this?

If it happens then it seems there will be another dip and I would buy then!!

Thankss

One big bitcoin fork already happened and it didn't do much on bitcoin. I think the next one wouldn't be too soon, and possibly most people would just usually ignore it. The last one didn't even do a thing to btc, and it didn't even affect it's price. Maybe a year or few years from now it's possible, but who knows when? Let's just wait for some confirmation.

I assume the "big" BTC fork that you have mentioned is referring to the event on August 1st. That's a soft fork compared to a hard fork for the upcoming one. BCH only exist because the minority still decides to split even though the majority has voted otherwise. The New York Agreement which might lead to a hard fork (You have no say in this) is something that the majority agreed on beforehand.

Yes, I thought THAT was the hard fork? :p So btc gonna dip like crazy again when the next fork comes right?

sasaku bitbit

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many of the some of the people who are going to freak out about it but we'll just see what happens in the next few months and no more than the hyped these things, so perhaps this doesn't affect the market so we just have to wait for more details about the news so that the reality of this will really affect the market bitcoin. All predicted price rises for Bitcoin, can be met, I would be in november butcoin will continue to increase until even the future nothing said declining to bitcoin

bitart

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Quote from: trecore4 on August 21, 2017, 12:17:47 PM

Quote from: Rinaze on August 17, 2017, 02:41:37 PM

I think you might be referring to Segwit2x, The New York Agreement (NYA).

https://bravenewcoin.com/news/segwit2x-the-new-york-agreement/

Yup that's right, it is going to happen for sure. The fork starts in the first week of November and everyone is waiting for this fork because they think that there will be another dip for bitcoin and everyone might just start investing more into bitcoin. NYA might just create third currency or clone of bitcoin leading to crazy market movements. Let's hope everything happens the same way as it happened with hard fork in august. Fingers crossed and ready to welcome the next fork. Hope it brings us fortune, and a lot of it.

I've read a lot of comments like: gimme more forks, comeon', free coins, etc.. People just don't think it over from a different perspective, because of the fork of August 1st. It was just an easy fork, but price was still volatile. If a new fork comes in November, where 50% will support the old bitcoin, 50% the new coin, what will happen with the price of the real bitcoin?
We need to think it over again in October, at last, to get prepared. Not all forks are so smooth and easy, but we'll see.

Rinaze

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Quote from: Babylon on August 21, 2017, 01:48:43 PM

Quote from: Coinzzz on August 17, 2017, 01:52:44 PM

Hi all,

I read somewhere that there will be another bitcoin fork in nov, is this true??

Where can I read more info on this? I googled but didn't find any news regarding this?

If it happens then it seems there will be another dip and I would buy then!!

Thankss

One big bitcoin fork already happened and it didn't do much on bitcoin. I think the next one wouldn't be too soon, and possibly most people would just usually ignore it. The last one didn't even do a thing to btc, and it didn't even affect it's price. Maybe a year or few years from now it's possible, but who knows when? Let's just wait for some confirmation.

I assume the "big" BTC fork that you have mentioned is referring to the event on August 1st. That's a soft fork compared to a hard fork for the upcoming one. BCH only exist because the minority still decides to split even though the majority has voted otherwise. The New York Agreement which might lead to a hard fork (You have no say in this) is something that the majority agreed on beforehand.

Babylon

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Quote from: Coinzzz on August 17, 2017, 01:52:44 PM

Hi all,

I read somewhere that there will be another bitcoin fork in nov, is this true??

Where can I read more info on this? I googled but didn't find any news regarding this?

If it happens then it seems there will be another dip and I would buy then!!

Thankss

One big bitcoin fork already happened and it didn't do much on bitcoin. I think the next one wouldn't be too soon, and possibly most people would just usually ignore it. The last one didn't even do a thing to btc, and it didn't even affect it's price. Maybe a year or few years from now it's possible, but who knows when? Let's just wait for some confirmation.

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