Topic: Thoughts on the next fork? - page 2. (Read 839 times)
It will all be a repetition of what happen when the first fork occurred. People will be buying and stockpiling bitcoin these few weeks. Then they will obtain their new altcoin and then it will be dumped along with some extra bitcoin leading to a fall in the market prices of bitcoin and the new fork of bitcoin. This seems to be the trend now. People are making cash by using these forks as methods to get free lunch. Gone are the days when people used to work hard to earn bitcoin and spend it.
There are two forks scheduled in next two months.
First is Bitcoin Gold(BTG) on October 25, creating another version of bitcoin in the process which will be GPU mine able. But there is currently no testnet which miners could use to test out the new protocol. There are just hushing and I doubt that they will be able to execute hardfork effectively by oct 25. But if happens it will have same or rather less severe effect as earlier Bitcoin Cash fork. Price might not drop much, but a drop will be there.
For the 2x hardfork, things are a bit more tricky. It yet do not have significant support, there is air of uncertainty surrounding 2x hardfork. Picture will get more clear with time.
But in both the cases, price will recover after the fork if there is any dip before it.
First is Bitcoin Gold(BTG) on October 25, creating another version of bitcoin in the process which will be GPU mine able. But there is currently no testnet which miners could use to test out the new protocol. There are just hushing and I doubt that they will be able to execute hardfork effectively by oct 25. But if happens it will have same or rather less severe effect as earlier Bitcoin Cash fork. Price might not drop much, but a drop will be there.
For the 2x hardfork, things are a bit more tricky. It yet do not have significant support, there is air of uncertainty surrounding 2x hardfork. Picture will get more clear with time.
But in both the cases, price will recover after the fork if there is any dip before it.
Every time a fork happens a small group of people splinter off from the original coin. The Bitcoin Cash crowd took a very small portion of the bigger cake, because the money invested in Bitcoin cash, could have gone to Bitcoin Core.
Exactly, and if you think about it, that means that Bitcoin is losing a massive amount of potential investment because of it. In a sense, any viable fork or altcoin can take away from Bitcoin's market share in this way. That's not to say that this money won't eventually be put into Bitcoin, but who knows?
Bitcoin Cash is a Top 5 coin; that takes a lot of money to prop up. Especially when you consider the hyperinflation that results from the Emergency Difficulty Algorithm -- it's sucking up a lot of the market's investment money. Long term, I see big problems for Bitcoin Cash because of the EDA. But we won't see this reflected in the market overnight.
What are you guys predicting will happen before/after the next fork?
I read someone saying that the other coin that will be resulted of the incoming fork is named 'Bitcoin Gold' and he already explained what to do in able to get it and the precautions of what to be done.
I am open minded with this incoming Segwitx2 as it is for the better good of Bitcoin itself and not for a single purpose only, Bitcoin needs an upgrade it just happen that a possibility of forks will may occur, let those weak people sell off their coins and naysayers say what they want to get the price of Bitcoin falls down but I really trust the potential of Bitcoin.
Every time a fork happens a small group of people splinter off from the original coin. The Bitcoin Cash crowd took a very small portion of the bigger cake, because the money invested in Bitcoin cash, could have gone to Bitcoin Core. Now we have a new fork, where a small group will once again invest their money into a new coin. In my opinion it is stupid and only a strategy to divide the bigger community. In time more forks will happen and every time a small group will once again break away and invest in these shitty Alt coins.
On the positive side. people just wait for their free coins and then they sell it to buy bitcoins. So this cancel the money being invested in these forks. We take the money from the stupid and we invest it in Bitcoin original. ^smile^
On the positive side. people just wait for their free coins and then they sell it to buy bitcoins.
Many people could easily come to the conclusion that the second hard fork would also be a failure as the previous hard fork in august 1.But what should be concerned about this fork is that majority of miners who had signed the New York Agreement have agreed to activate segwit 2x by doing second hard fork and this time,many big companies are also supporting it.So,we would have to just wait and watch that whether bitcoin with legacy chain succeeds or this hard forked bitcoin with segwit 2x.
The Fork will decrease the price. People will freak out, because Bitcoin could potentially lose all its value. I don't think it will so I will continue to hold. I don't really understand the purpose of raising the blocksize to 2MB.
When is this fork happening? I thought it was happening in November and not October. When is it?
When is this fork happening? I thought it was happening in November and not October. When is it?
Like what happened two months ago in Bitcoin Cash was born, many people are in favor to the first crypto which is bitcoin, many will dump there coin and still vote to Bitcoin, I cant say that Bitcoin cash is a complete failure or quietly successful as there are still many people trade BCC in exchange. This new Bitcoin Gold are fairly the same but if there is a new tech on it lets give it a shot so we can find out what its potential. Every coin is made for innovation .
I will just keep 1 Bitcoin Gold . Is a mistery to me if 2x will work or not, so I didn't decided whjat i will do in 45 days yet.
Same thing that happened before. Most people that will receive the airdrop would immediately sell their coins, some will hold and wait and hope that the price will increase. Miners will keep switching between coins again, that would result in higher fees and slower transactions.
That is the differ between a common man and a trader: the first buy at the hight because the coin grows well, but the trader buy at the bottom because it didn't grow yet.
i was expecting a big fall in price these days that the FUD started and was expecting it to continue for a couple of weeks until the signalling for Segwit2x starts. but it seems like the fall was tiny $200 only, and price have already recovered. the closer we get i don't expect much of price fall.
as for fork itself i think it is too soon to tell what will happen with it.
as for fork itself i think it is too soon to tell what will happen with it.
What are you guys predicting will happen before/after the next fork?
The scenario would be just like the recent fork. There will be free money, bitcoin will fall a bit and rise again. Newbie could be a victim and sell their bitcoin, then realize it will rise again and buy on higher price. 
Bitcoin reched again 4300$+.But i donot understand why bitcoin hit 4500$+?.IF bitcoin hit 4500$+ this week .i hope bitcoin break all previous record.Bitcoin will 5500$+ after next fork so Its time hold bitcoin.Bitcoin price now 4100-4300 so buy bitcoin and hold for this year.
What are you guys predicting will happen before/after the next fork?
Like after the previous one, the price may go up after this too. Maybe above 5K $.
Would be interesting to see though what does BTG brings to the table, what issues does it actually resolves.
What are you guys predicting will happen before/after the next fork?
I'm ok with the fork as long as it will solve the current situation we are in like higher fee and slow transactions but majority of the stakes holders should be on it so it will go up fine and ok and it will be adopted by everyone.
I thought airdrops were a no go this time...
Anyways, what was the initial value of BCH? And what do you think will be for BTG?
Anyways, what was the initial value of BCH? And what do you think will be for BTG?
Crazy thing is that instead of dropping, price is going up with people anticipate getting 'free' coins...
What are you guys predicting will happen before/after the next fork?
Before fork = People will keep on buying bitcoin and price can easily go over ATH.After fork = People will sell bitcoin and bitcoin gold for profit, price can go below $4k again.
I am holding my bitcoin in paper wallet for fork and bought few more at around $4k, waiting for good pump to sell those.
Although there many possibilities that can happen when the Bitcoin is undergoing the fork, I think the same thing would happen with BTG as it happened with BCH. People would buy BTC and hold it to get free BTG and then will sell BTG to increase their BTC capital.
People wait for opportunities like these where one gets the chance to increase their capital.
People wait for opportunities like these where one gets the chance to increase their capital.
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