I don't really know if its a good thing or a bad to do the segwit and bitcoin fork.
Maybe the price could drop but I think it won't stay low for so long so let's just see what would happens next after it.
Topic: Price dump from a Bitcoin folk? - page 2. (Read 3412 times)
I guess my head would be spinning no less
That makes me feel much better! LOL!
For example, Litecoin now has both SegWit and Lightning Netword activated, and I don't remember that its users had to walk through all these BIPs, UASF's, UAHF's, and whatnot. I just hope someone more knowledgeable drops in and explains it to you
I guess it is much easier to make change on Litecoin than on Bitcoin as Litecoin is a relatively new coins and is not as broadly accepted as a medium of exchange currency as Bitcoin. Bitcoin, on the other hand, has been used by the globe and is broadly accepted as a currency. It also has a much extended history that comes with political complexity. Sigh.
There are no such controversies in Litecoin
Maybe, because Litecoin's creator, Charley Lee, is still active in the community and remains the guiding force behind Litecoin's development? As far as I remember, persons like Jihan Wu (which also happens to mine Litecoin along with Bitcoin) tried to oppose the activation of SegWit in Litecoin as well. But they are obviously not as powerful with this coin as with Bitcoin, so they couldn't do anything but accept the changes and bite the bullet (or go home if they chose to disagree). It would be interesting to see Satoshi Nakamoto show up and state his position
Cryptopocalypse incoming, buying cheap coins @$1200
You sure that it will go down $1,200? Everyone seems to see the price to be dumped before and after the fork. This has been tested when there is something to happen this type of scenario is happening, putting people into panic but after the panic. Those on the top are just watching people sell their coins at low.
I think $ 1600 would be the lowest price for bitcoin in the coming time, so i will sell it now, then, i bought it, a simple plan i just need a little luck.
No, it's pumping again the price is currently at $2,367 so do you still think that the price will go down at $1,600. A very simple plan is just to keep on holding and make sure that your bitcoins / funds / cash on wallet are safe. You need to be prepared on and before August 1.
Yes, we should make all decisions before August 1. I agree with his view, the world is preparing new plans for bitcoin, and it can affect the value of it.
I guess my head would be spinning no less
That makes me feel much better! LOL!
For example, Litecoin now has both SegWit and Lightning Netword activated, and I don't remember that its users had to walk through all these BIPs, UASF's, UAHF's, and whatnot. I just hope someone more knowledgeable drops in and explains it to you
I guess it is much easier to make change on Litecoin than on Bitcoin as Litecoin is a relatively new coins and is not as broadly accepted as a medium of exchange currency as Bitcoin. Bitcoin, on the other hand, has been used by the globe and is broadly accepted as a currency. It also has a much extended history that comes with political complexity. Sigh.
Cryptopocalypse incoming, buying cheap coins @$1200
You sure that it will go down $1,200? Everyone seems to see the price to be dumped before and after the fork. This has been tested when there is something to happen this type of scenario is happening, putting people into panic but after the panic. Those on the top are just watching people sell their coins at low.
I think $ 1600 would be the lowest price for bitcoin in the coming time, so i will sell it now, then, i bought it, a simple plan i just need a little luck.
No, it's pumping again the price is currently at $2,367 so do you still think that the price will go down at $1,600. A very simple plan is just to keep on holding and make sure that your bitcoins / funds / cash on wallet are safe. You need to be prepared on and before August 1.
but considering the current situation i a little bit doubt , just hope it won't get dropped so hard more than 30%. $1,200 could be a heartbreaking i think , people will lost interest in bitcoin and hard to gain it back later.
It seems that there might be no SegWit2x
And no soft fork either (i.e. no just SegWit), so your fears (and not only yours, obviously) may be unfounded. As theymos recently wrote, BIP148 has little to no chances to pass through, so there is no reason for Jihan and his Antpool to signal their support for SegWit2x anymore (which they are firmly against). It kinda looks they are going to revoke their agreement, and then there won't be enough support for SegWit2x activation. The bottom line is that the current status-quo is likely to be preserved (read miners have won)
Could you elaborate what you mean by "BIP148 has little to no chances to pass through"? I thought they are going to activate BIP148 on August 1st regardless?
In fact, I also thought of that
Or, I should rather say, I hoped for that. But then I read theymos' comment about BIP148 being doomed anyway, then I checked for myself and right now the support for UASF BIP148 is hanging around 8% with the requirement of 51% (if I'm not mistaken). Is it possible to change that during the days remaining to get there? Yes, it is certainly possible. But how likely is that? In fact, somehow I won't be surprised that everything will go on as before after August, 1st. Status quo is what miners have been looking for all this time. Their proposals and actions (no matter what their declared aims might have been) had always been aimed at that, i.e. locking the current state
It is the real results of these actions that matter
I spent over an hour researching online on UASF vs Segwit and my head is spinning right now!
1. So BIP9 is Segwit and BIP148 includes BIP9 except that it is more forceful as it will be activated on Aug 1st?
2. A Segwit will save the block 60% of the space so it can place 120% more transactions, 60%/(1-60%)?
3. Asssuming BIP148 will not be activated, when will Segwit be activated?
4. A Segwit on the original block is a soft fork and Segwit on additional block (ex: Segwit2X which double the block size) is hard fork?
5. Can LN implemented on Segwit? How much does it take for Bitcoin to have LN? Because, in order for Bitcoin to be accepted as a real currency, it needs to be able to process micro transactions with very small fee with extremely fast speed
I guess my head would be spinning no less
If I were as interested as you, of course. But, to tell the truth, I'm not very curious about all these gory details. I just don't like all this shit happening in and around Bitcoin, and I don't think either that ordinary Bitcoin users should ever rack their brains over such issues. And if they, nevertheless, have to, this doesn't bode well for Bitcoin. For example, Litecoin now has both SegWit and Lightning Netword activated, and I don't remember that its users had to walk through all these BIPs, UASF's, UAHF's, and whatnot. I just hope someone more knowledgeable drops in and explains it to you
Cryptopocalypse incoming, buying cheap coins @$1200
You sure that it will go down $1,200? Everyone seems to see the price to be dumped before and after the fork. This has been tested when there is something to happen this type of scenario is happening, putting people into panic but after the panic. Those on the top are just watching people sell their coins at low.
I think $ 1600 would be the lowest price for bitcoin in the coming time, so i will sell it now, then, i bought it, a simple plan i just need a little luck.
No, it's pumping again the price is currently at $2,367 so do you still think that the price will go down at $1,600. A very simple plan is just to keep on holding and make sure that your bitcoins / funds / cash on wallet are safe. You need to be prepared on and before August 1.
I am HODLING! (I did not know this word is a legitimate word because I have always thought that it was a typo. And I did not know that this word has been around for 3 1/2 years! Further, I did not know that we can use words such as F*CK, SH*T, and A**HOLE in this forum! LOL! Check this out: https://bitcointalksearch.org/topic/i-am-hodling-375643)
It seems that there might be no SegWit2x
And no soft fork either (i.e. no just SegWit), so your fears (and not only yours, obviously) may be unfounded. As theymos recently wrote, BIP148 has little to no chances to pass through, so there is no reason for Jihan and his Antpool to signal their support for SegWit2x anymore (which they are firmly against). It kinda looks they are going to revoke their agreement, and then there won't be enough support for SegWit2x activation. The bottom line is that the current status-quo is likely to be preserved (read miners have won)
Could you elaborate what you mean by "BIP148 has little to no chances to pass through"? I thought they are going to activate BIP148 on August 1st regardless?
In fact, I also thought of that
Or, I should rather say, I hoped for that. But then I read theymos' comment about BIP148 being doomed anyway, then I checked for myself and right now the support for UASF BIP148 is hanging around 8% with the requirement of 51% (if I'm not mistaken). Is it possible to change that during the days remaining to get there? Yes, it is certainly possible. But how likely is that? In fact, somehow I won't be surprised that everything will go on as before after August, 1st. Status quo is what miners have been looking for all this time. Their proposals and actions (no matter what their declared aims might have been) had always been aimed at that, i.e. locking the current state
It is the real results of these actions that matter
I spent over an hour researching online on UASF vs Segwit and my head is spinning right now!
1. So BIP9 is Segwit and BIP148 includes BIP9 except that it is more forceful as it will be activated on Aug 1st?
2. A Segwit will save the block 60% of the space so it can place 120% more transactions, 60%/(1-60%)?
3. Asssuming BIP148 will not be activated, when will Segwit be activated?
4. A Segwit on the original block is a soft fork and Segwit on additional block (ex: Segwit2X which double the block size) is hard fork?
5. Can LN implemented on Segwit? How much does it take for Bitcoin to have LN? Because, in order for Bitcoin to be accepted as a real currency, it needs to be able to process micro transactions with very small fee with extremely fast speed.
Cryptopocalypse incoming, buying cheap coins @$1200
You sure that it will go down $1,200? Everyone seems to see the price to be dumped before and after the fork. This has been tested when there is something to happen this type of scenario is happening, putting people into panic but after the panic. Those on the top are just watching people sell their coins at low.
I think $ 1600 would be the lowest price for bitcoin in the coming time, so i will sell it now, then, i bought it, a simple plan i just need a little luck.
No, it's pumping again the price is currently at $2,367 so do you still think that the price will go down at $1,600. A very simple plan is just to keep on holding and make sure that your bitcoins / funds / cash on wallet are safe. You need to be prepared on and before August 1.
Cryptopocalypse incoming, buying cheap coins @$1200
You sure that it will go down $1,200? Everyone seems to see the price to be dumped before and after the fork. This has been tested when there is something to happen this type of scenario is happening, putting people into panic but after the panic. Those on the top are just watching people sell their coins at low.
I think $ 1600 would be the lowest price for bitcoin in the coming time, so i will sell it now, then, i bought it, a simple plan i just need a little luck.
Opportunities will present themselves for the bold, of course whether they can take advantage of that or not truly depends on how capable a person is to adapting to a currently evolving situation. Of course the safest move is either to exit a good portion of your positions or to hodl and wait until the waters settle, but those who ride the waves may see some really good returns or serious losses.
It seems that there might be no SegWit2x
And no soft fork either (i.e. no just SegWit), so your fears (and not only yours, obviously) may be unfounded. As theymos recently wrote, BIP148 has little to no chances to pass through, so there is no reason for Jihan and his Antpool to signal their support for SegWit2x anymore (which they are firmly against). It kinda looks they are going to revoke their agreement, and then there won't be enough support for SegWit2x activation. The bottom line is that the current status-quo is likely to be preserved (read miners have won)
Could you elaborate what you mean by "BIP148 has little to no chances to pass through"? I thought they are going to activate BIP148 on August 1st regardless?
In fact, I also thought of that
Or, I should rather say, I hoped for that. But then I read theymos' comment about BIP148 being doomed anyway, then I checked for myself and right now the support for UASF BIP148 is hanging around 8% with the requirement of 51% (if I'm not mistaken). Is it possible to change that during the days remaining to get there? Yes, it is certainly possible. But how likely is that? In fact, somehow I won't be surprised that everything will go on as before after August, 1st. Status quo is what miners have been looking for all this time. Their proposals and actions (no matter what their declared aims might have been) had always been aimed at that, i.e. locking the current state
It is the real results of these actions that matter
Cryptopocalypse incoming, buying cheap coins @$1200
You sure that it will go down $1,200? Everyone seems to see the price to be dumped before and after the fork. This has been tested when there is something to happen this type of scenario is happening, putting people into panic but after the panic. Those on the top are just watching people sell their coins at low.
Just to remind everyone, price after the fork was around $10 or even less, now it is like $222?
As always, speculations about future and potential demise/fail of bitcoin are exaggerated greatly. Bitcoin will survive even after a split.
As always, speculations about future and potential demise/fail of bitcoin are exaggerated greatly. Bitcoin will survive even after a split.
The problem here is that noobs tend to take everything for granted too easily. If you look at how many threads have been popping up with the split/fork as subject, it shouldn't surprise anyone that noobs can't hold themselves anymore. The entire forum has been infested with clowns spreading false and wrong information. If you widely browse through this forum, you'll see that the majority of the people look at forks as something negative, while in fact these 'updates' are needed to push Bitcoin forward to let it cope with the increased demand.
I thought segwit2x or UASF on August 1st is a good deal which could cause big increase on bitcoin prices in matter of a week or so (read this for more information http://www.uasf.co/). But, there are too many negative opinions here and there in this whole fear of uncertain hard fork and chances of chain split. For people who knows for sure what will happen this month or next month due to this fork things, could play with the prices and get big profits from panic seller.
Now, I've read an administrator comment about this and stated BIP48 will fail and bitcoin might face crash before or after August.
Last day, bitcoin price declined as much $200-$300 and may continue to drop, many people already triggered to sell and pretty pain for big holders who felt lost because this dump. However, I suggest to everyone ; if you afraid of lose, than just sell small amount of bitcoin just in case and believe in bitcoin, it always recover after big drop and there is a small chance for bitcoin drop less than $1800.
It seems that there might be no SegWit2x
And no soft fork either (i.e. no just SegWit), so your fears (and not only yours, obviously) may be unfounded. As theymos recently wrote, BIP148 has little to no chances to pass through, so there is no reason for Jihan and his Antpool to signal their support for SegWit2x anymore (which they are firmly against). It kinda looks they are going to revoke their agreement, and then there won't be enough support for SegWit2x activation. The bottom line is that the current status-quo is likely to be preserved (read miners have won)
Could you elaborate what you mean by "BIP148 has little to no chances to pass through"? I thought they are going to activate BIP148 on August 1st regardless?
Hope the whole Bitcoin community will understand that and work together to prevent the fork to happen.
If one has 1 BTC in a cold wallet and if Bitcoin forked into two - BTC(A) and BTC(B), would it be so happened that after the split, the combination of (A) and (B) would be less than 1 BTC?
If one has 1 BTC in a cold wallet and if Bitcoin forked into two - BTC(A) and BTC(B), would it be so happened that after the split, the combination of (A) and (B) would be less than 1 BTC?
It is not quite clear what you mean
After the split you should have 1 BTC on the one chain and exactly 1 BTC on the other chain, so your total of what could still be loosely considered as Bitcoin would be equal to 2 bitcoins. In a sense, chain splitting doubles your bitcoins (or even triples them, if there is more than two chains). If you meant to ask whether the combined value of these bitcoins would match (or even exceed) the current price, this is highly unlikely. Most likely, the price will crash below 1,000 dollars per chain per coin, and it may in fact be way lower than just 1,000 dollars
You got my question read correctly. Thank you. Your answer is what I am afraid of in that the overall value of the bitcoin holding will decrease
It seems that there might be no SegWit2x
And no soft fork either (i.e. no just SegWit), so your fears (and not only yours, obviously) may be unfounded. As theymos recently wrote, BIP148 has little to no chances to pass through, so there is no reason for Jihan and his Antpool to signal their support for SegWit2x anymore (which they are firmly against). It kinda looks they are going to revoke their agreement, and then there won't be enough support for SegWit2x activation. The bottom line is that the current status-quo is likely to be preserved (read miners have won)
I am wondering how effective will Segwit have on Bitcoin? Ethereum is 6 to 7 times faster in processing transactions than Bitcoin, but it is still having scaling issue when handling the big demand from ICO weeks ago.
First bitcoin fork is very unlikely, second there will probably be segwit implement.
I think uncertainty will create sell waves but it won't be huge as people expected and holders, as always, will win.
I understand your mean, but the base price to holding BTC depending on each person, example a holder buying at price $2800, can say this person will win when choose hold? Sometime, need sell to buy more amount Bitcoin can helps you take extra profit I think uncertainty will create sell waves but it won't be huge as people expected and holders, as always, will win.
First bitcoin fork is very unlikely, second there will probably be segwit implement.
I think uncertainty will create sell waves but it won't be huge as people expected and holders, as always, will win.
I think uncertainty will create sell waves but it won't be huge as people expected and holders, as always, will win.
Cryptopocalypse incoming, buying cheap coins @$1200
Rather than spreading fake panic informations, of course not at all explained, you should try to actually construct a bit more your idea
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