Price dump from a Bitcoin folk? - page 3.

soul-impact

hero member

Activity: 854

Merit: 500

Quote from: giantrobot on July 11, 2017, 09:09:37 AM

Quote from: Abricotier on July 11, 2017, 04:18:58 AM

Quote from: fynxms on July 11, 2017, 02:31:25 AM

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 Roll Eyes

.

A crazy guy is trying to make people nervous, it can affect some people at this forum, instead of trying to make people worry, I think he should find a way to deal with it. His current problem with bitcoin.

Be careful of your words, you are too aggressive. I think no one is cheated on him, people are so knowledgeable about bitcoin, if they want to cheat on anyone, they need convincing evidence.

Bitcoin Guy

full member

Activity: 350

Merit: 101

Quote from: deisik on July 11, 2017, 02:41:47 AM

Quote from: Bitcoin Guy on July 10, 2017, 03:56:56 PM

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?

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.

Quote from: darkangel11 on July 10, 2017, 05:58:58 PM

The bitcoin folk Tongue

LOL! Maybe I should change my alias to "Bitcoin Folk" instead of "Bitcoin Guy".

giantrobot

full member

Activity: 564

Merit: 100

Quote from: Abricotier on July 11, 2017, 04:18:58 AM

Quote from: fynxms on July 11, 2017, 02:31:25 AM

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 Roll Eyes

.

A crazy guy is trying to make people nervous, it can affect some people at this forum, instead of trying to make people worry, I think he should find a way to deal with it. His current problem with bitcoin.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: ratoe on July 11, 2017, 04:28:54 AM

Quote from: Tyrantt on July 10, 2017, 06:54:01 PM

I can pleace my money there there will be a huge dump at the end of july just from the whole fear of the uncertainty and the bitcoin price dropping after the 1st of Aug, then the price will go $3k+ in the next couple of weeks or even days.

I've never been so excited about anything as much as I'm excited to see what's going to happen in August.

So what you suggest should we dump bitcoin now and see what happens after 1st August and buying again in next couple weeks?
Are you optimistic about bitcoin after 1st August will bounce back again if price drop more than 50%?

He is speculating that a crazy dump will happen.
Others speculate we will rise before August as SegWit getting activated is pretty certain.
You can ask ten different persons and you will get 10 different answers.
Make up your mind and decide yourself. You could sell a part of your coins.Therefore in terms of a rise you're still on the train and if we should dump you can use the cash to buy back in cheaper.

ratoe

member

Activity: 161

Merit: 10

Quote from: Tyrantt on July 10, 2017, 06:54:01 PM

I can pleace my money there there will be a huge dump at the end of july just from the whole fear of the uncertainty and the bitcoin price dropping after the 1st of Aug, then the price will go $3k+ in the next couple of weeks or even days.

I've never been so excited about anything as much as I'm excited to see what's going to happen in August.

So what you suggest should we dump bitcoin now and see what happens after 1st August and buying again in next couple weeks?
Are you optimistic about bitcoin after 1st August will bounce back again if price drop more than 50%?

Abricotier

member

Activity: 93

Merit: 10

Quote from: fynxms on July 11, 2017, 02:31:25 AM

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 Roll Eyes

.

Mia Wallace

full member

Activity: 361

Merit: 100

Quote from: abercrombie on July 11, 2017, 03:20:50 AM

Seems the segwit2x code is buggy as hell. The market is starting to price-in the bip-148 soft fork which won't have much hashing power but has a lot of end-user support.

I am hearing about this for the first time,i did not know that segwit2x code is buggy. What ever may be the reason these are tough times for bitcoin without a doubt as anything could happen in the next few weeks and i really hope that everything comes out good.If there is a split there would be dump without a doubt.

abercrombie

legendary

Activity: 1159

Merit: 1001

Seems the segwit2x code is buggy as hell. The market is starting to price-in the bip-148 soft fork which won't have much hashing power but has a lot of end-user support.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Bitcoin Guy on July 10, 2017, 03:56:56 PM

Quote from: deisik on July 09, 2017, 02:20:45 PM

If Bitcoin splits that might mark the end

.... Regarding coins in cold storage, they should be safe (and get doubled or tripled), but Coinbase is obviously a big no-no (we may see a massive exodus of bitcoins from every web wallet out there right before the Judgment day)

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?

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

fynxms

newbie

Activity: 5

Merit: 0

Cryptopocalypse incoming, buying cheap coins @$1200

xIIImaL

legendary

Activity: 1372

Merit: 1005

Quote from: Tyrantt on July 10, 2017, 06:54:01 PM

I can pleace my money there there will be a huge dump at the end of july just from the whole fear of the uncertainty and the bitcoin price dropping after the 1st of Aug, then the price will go $3k+ in the next couple of weeks or even days.

I've never been so excited about anything as much as I'm excited to see what's going to happen in August.

However, it is not sure speculation right. If you see the price bump after August. We may happy to hold buddy. You can hold the bitcoin at any time. It will provide the 100% returns for your holdings. Only one head ache will be happen us. that is fees for mining, which will increase due to supply and demand.

celested

full member

Activity: 211

Merit: 100

Quote from: Bitcoin Guy on July 08, 2017, 03:36:16 PM

In a month, Segwit (BIP148) will be implemented on Bitcoin and many people are uncertain on what effect it would have on Bitcoin's price. Maybe that is why the price of Bitcoin has been fluctuated, on the most part, between $2400 and $2800 for the last one month and not going higher despite of many positive and encouraging news that recently came out. It is possible that after the Segwit implementation, Bitcoin may folk into two. When that happened, it may cause confusing to the market.

Question is, if folk happened, for those vendors who accept bitcoins, how are they going to manage accepting the two different coins? For those who keep their coins in cold wallets, what would happen to the coins? How does a Bitcoin platform, like Coinbase for example, manage its customers' deposited coins? And the most important question is - would Bitcoin price drop in the short run or even in the long run due to the folk?

What do you think?

Exactly, we are not sure about its results, so people are very worried about the future of bitcoin, a possible divide and the value of bitcoin will be drastically reduced. A lot of people are selling bitcoin and making its value fluctuate.

Tyrantt

hero member

Activity: 1022

Merit: 564

Need some spare btc for a new PC

I can pleace my money there there will be a huge dump at the end of july just from the whole fear of the uncertainty and the bitcoin price dropping after the 1st of Aug, then the price will go $3k+ in the next couple of weeks or even days.

I've never been so excited about anything as much as I'm excited to see what's going to happen in August.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: tabas on July 10, 2017, 03:58:04 PM

That's why I don't who am I going to believe with this split. Anyway, I'm planning to sell now at $2,375 not because I'm a weakling but I just need some bucks. Though still it's a good thing for me to have some holdings just going to wait for some good news for the next few days before August 1 comes.

Why sell all if you need "some bucks" sell just the amount that you need and hold the rest.
On the other hand if you don't know who to believe, in other words you don't have your own opinion, but rely on others with your finances, you should sell and stay away from it until you gain some confidence. Nobody should invest in something he fears, just because others have made money on it.

The bitcoin folk Tongue

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: richardsNY on July 10, 2017, 03:32:30 PM

Quote from: Slark on July 10, 2017, 03:01:08 PM

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.

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.

That's why I don't who am I going to believe with this split. Anyway, I'm planning to sell now at $2,375 not because I'm a weakling but I just need some bucks. Though still it's a good thing for me to have some holdings just going to wait for some good news for the next few days before August 1 comes.

Bitcoin Guy

full member

Activity: 350

Merit: 101

Quote from: deisik on July 09, 2017, 02:20:45 PM

If Bitcoin splits that might mark the end

.... Regarding coins in cold storage, they should be safe (and get doubled or tripled), but Coinbase is obviously a big no-no (we may see a massive exodus of bitcoins from every web wallet out there right before the Judgment day)

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?

Quote from: Slark on July 10, 2017, 03:01:08 PM

Ethereum failed so hard so they had to do emergency hard fork/rollback update, at that time people were saying that ETH is done for and this is the end.
Look at ETH now, the second biggest crypto. 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.

Isn't ETH different from BTC as BTC is a more commonly used currency and ETH is more like a tokens (which is currently not being accepted by general public for payment)? In such case, the impact of a fork on them would be different. Impact on BTC would be much sever?

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: Slark on July 10, 2017, 03:01:08 PM

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.

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.

Slark

legendary

Activity: 1862

Merit: 1004

Quote from: deisik on July 09, 2017, 02:20:45 PM

If Bitcoin splits that might mark the end

Ethereum failed so hard so they had to do emergency hard fork/rollback update, at that time people were saying that ETH is done for and this is the end.
Look at ETH now, the second biggest crypto. 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.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: mrayazgul on July 10, 2017, 10:19:35 AM

The point is that bitcoin is the need of the today digital world and many online business are using bitcoin.

Strictly speaking, the far majority of the merchants that are accepting Bitcoin aren't really using it.

It's just them making use of third party payment services to settle Bitcoin related payments, where after that the merchants get their so loved fiat sent to their bank account.

In most cases these third party payment services do allow merchants to partially get paid in fiat, and a small part in Bitcoin that they get to keep, but not many are choosing for that option.

skorupi17

sr. member

Activity: 490

Merit: 256

Quote from: davis196 on July 09, 2017, 01:05:33 AM

Quote from: skorupi17 on July 09, 2017, 12:19:08 AM

It is FORK not FOLK.

I also believe that the uncertainties about the upcoming activation of segwit is the main reason why we are experiencing a very bumpy road. And the price had become surprisingly stable in these past days.

The fork issue is not yet final. There is no formal announcement that there will be a hard fork at about 3 months after the activation of Segwit so nothing is to worry about, for now. However, if ever there will be a split on Bitcoin's chain, I am not sure about how can people cope with that event. It might be catastrophic.

It won`t be catastrophic,don`t scare the newbies OP. Grin

Do you remember Bitcoin Unlimited?What happened to BU?
Bitcoin will survive the fork and will grow stronger.The only problem will be when all the newbies (like the OP asking the questions in the thread)panic and leave bitcoin for some altcoin like ethereum.

I am not the OP, just to make clarifications here.

Yes, I remember BU but did the hard fork happen at that time and did BU ever existed at that time? No so how can you be so sure that the possible fork will not be catastrophic? I did not even say with guarantee that the fork will be catastrophic, better check my post again:

Quote

It might be catastrophic.

I am not scaring anyone but a hard fork is not healthy for Bitcoin. You can ask some legit expert out there and they can say that the fork is not healthy at all.

I am not neglecting the possibility that Bitcoin can survive, I am hoping for it.

Topic: Price dump from a Bitcoin folk? - page 3. (Read 3412 times)