Price dump from a Bitcoin folk? - page 4.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: CriptoSven on July 10, 2017, 01:05:38 PM

Quote from: Denker on July 10, 2017, 10:24:40 AM

Quote from: Wind_FURY on July 10, 2017, 12:31:27 AM

A dump could happen. There are whales who can cause fear in the market and use that to make some profit by shorting Bitcoin. As an ordinary holder, I see any dump as another opportunity to buy more. There is no use to look deeper into it because the markets are all really out of our control.

Any dump happening right now is just an attempt to get rid of the last weak hands imo.
No whale in the long has the intention to harm Bitcoin. It's all about accumulation.
So yes I would and will buy as much as BTC as I can afford. Let the others freak out.
I will gladly pick up the fruits they drop.

Today the crypto currency market is exactly what you mentioned. The fact is that all crypto-currencies today are falling and even Bitcoin has fallen by $ 400.

Lol. Bitcoin has not fallen by $400 currently, but I agree it has fallen to $2400 now. Its just how the market really works. Sometimes we experienced this kind of dip. We have similar instance last May (2x). And I think this is the third time in June. But after this kind of dip, bitcoin price recovers because a lot of investors are attracted to buy because of the low price. They don't want to miss this opportunity to get bitcoin back.

CriptoSven

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Activity: 118

Merit: 100

Quote from: Denker on July 10, 2017, 10:24:40 AM

Quote from: Wind_FURY on July 10, 2017, 12:31:27 AM

A dump could happen. There are whales who can cause fear in the market and use that to make some profit by shorting Bitcoin. As an ordinary holder, I see any dump as another opportunity to buy more. There is no use to look deeper into it because the markets are all really out of our control.

Any dump happening right now is just an attempt to get rid of the last weak hands imo.
No whale in the long has the intention to harm Bitcoin. It's all about accumulation.
So yes I would and will buy as much as BTC as I can afford. Let the others freak out.
I will gladly pick up the fruits they drop.

Today the crypto currency market is exactly what you mentioned. The fact is that all crypto-currencies today are falling and even Bitcoin has fallen by $ 400.

Bitcoin Guy

full member

Activity: 350

Merit: 101

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

It is FORK not FOLK.

Ha ha.... My bad. Grin

Denker

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Activity: 1442

Merit: 1016

Quote from: Wind_FURY on July 10, 2017, 12:31:27 AM

A dump could happen. There are whales who can cause fear in the market and use that to make some profit by shorting Bitcoin. As an ordinary holder, I see any dump as another opportunity to buy more. There is no use to look deeper into it because the markets are all really out of our control.

Any dump happening right now is just an attempt to get rid of the last weak hands imo.
No whale in the long has the intention to harm Bitcoin. It's all about accumulation.
So yes I would and will buy as much as BTC as I can afford. Let the others freak out.
I will gladly pick up the fruits they drop.

mrayazgul

hero member

Activity: 560

Merit: 500

Quote from: Wind_FURY on July 10, 2017, 12:31:27 AM

A dump could happen. There are whales who can cause fear in the market and use that to make some profit by shorting Bitcoin. As an ordinary holder, I see any dump as another opportunity to buy more. There is no use to look deeper into it because the markets are all really out of our control.

Will it really dump or it will just a artificial dump and price will pump after that. The point is that bitcoin is the need of the today digital world and many online business are using bitcoin. Anything which has a demand, that cant be put down so easily.

Wind_FURY

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Activity: 2898

Merit: 1823

A dump could happen. There are whales who can cause fear in the market and use that to make some profit by shorting Bitcoin. As an ordinary holder, I see any dump as another opportunity to buy more. There is no use to look deeper into it because the markets are all really out of our control.

topper26

full member

Activity: 165

Merit: 101

Fear the folk!

deisik

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Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

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?

If Bitcoin splits that might mark the end

Though this is not set in stone and we should hope for the best (since all cryptosphere will get affected). I guess it will be like supernova exploding and that supernova would be our sun. So merchants' fate should be your least concern then, they will obviously just stay away from Bitcoin for the time being. I don't think there are many merchants that are living off Bitcoin (so they certainly won't miss Bitcoin much). 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)

If the chain split happens for real there will be a war

digaran

copper member

Activity: 1330

Merit: 899

🖤😏

Did you see what happened with those folks from Ethereum? those folks suddenly folked it just because they were too idiots and some other folk stole some tokens legitimately and supposedly apparently, instead of accepting their own stupidity they rolled back the chain(fixed) by resetting the game, it was like a game for them where after dying you could drink from the fountain and resurrect your self.
Now some folks from China, the same nefarious Wu gangnam style gang thinks that it's possible to do the same with Bitcoin, but when they switch their mining power into mining a different coin they'll realize what the fack did they just do but it'd be too late by then because in Bitcoin mining every second counts, if you are not mining for 1 hour you could lose more than $50K now imagine how much they'd lose in a single day? almost $750K.
If that is an acceptable loss then I'm sure they'll folk and we all go home with coins worth $880.

davis196

hero member

Activity: 3164

Merit: 937

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.

Herbert2020

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Activity: 1946

Merit: 1137

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

In a month, Segwit (BIP148) will be implemented on Bitcoin

i believe it will be implemented only if it can gain enough support.

Quote

and many people are uncertain on what effect it would have on Bitcoin's price.

the effects of implementing SegWit on bitcoin is pretty clear. there will be a rise.
the effects of how to implement it is unclear. it can be a smooth transition with majority support or it can be a hostile change with low support and a risk of chain split.

Quote

Maybe that is why the price of Bitcoin has been fluctuated,

no it is not.
the fluctuations are normal and they happen every time after there is a rise. price becomes stable between two high and low prices where people who don't know what is happening are becoming confused why bitcoin is not rising 24/7/365!

Quote

folk

do you have a lisp?

Quote

Question is, if folk happened, for those vendors who accept bitcoins, how are they going to manage accepting the two different coins?

fork does NOT mean automatically we get two coins!
there is a small chance a split happens from any kind of fork and if that happens because of how big bitcoin is i expect one of the chains to die soon and we will be left with only one chain.

Quote

For those who keep their coins in cold wallets, what would happen to the coins?

there are many topics on this. please use the search function!

Quote

How does a Bitcoin platform, like Coinbase for example, manage its customers' deposited coins?

you have to ask Coinbase.

Quote

And the most important question is - would Bitcoin price drop in the short run or even in the long run due to the folk?

i explained this already.
it depends on how the fork is going to happen.

skorupi17

sr. member

Activity: 490

Merit: 256

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.

Bitcoin Guy

full member

Activity: 350

Merit: 101

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?

Topic: Price dump from a Bitcoin folk? - page 4. (Read 3412 times)