Value of Altcoin IF Bitcoin splits | Bitcointalksearch.org

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Quote from: ifyousmell on June 05, 2017, 02:39:20 AM

Hello all, as the title suggests, if there is chain split for Bitcoin on Aug 1, what would the value of Altcoins be hedged on?
Also, for people who are holding altcoin in their portfolio, which type of Bitcoin will exchanges allow?

Is chain split going to happen at all btw?

I don’t think there will be any split in the bitcoin, some other rules and may possibly be implemented on 01 August but I am not sure that the bitcoin is going to be split. If it happens that I am sure not going to happen but it will risk the BTC holders for any further trust on the Bitcoin. I hope they will sort out a better way and not split the Bitcoin. The other part is that the prices of many alts are almost on a boom even today so not a big deal for them.

mindrust

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Quote from: Lauda on June 06, 2017, 04:42:38 AM

Quote from: mindrust on June 05, 2017, 02:12:32 PM

I share the same feelings on one thing though, if ETH becomes #1 just after bitcoin gets broken because of the miners' greed, yes i'll probably end my crypto life either. I

Bitcoin will not be broken by not being the first in terms of market cap.

If we lose bitcoin to bitmain, that would be enough for me to consider it as "broken". Centralized crypto = broken.

It won't be broken because of losing its #1 position on market cap, it will lose its MC position because itl'll get centralized and people will dump their coins for some other crypto..

Lauda

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Quote from: BillyBobZorton on June 05, 2017, 12:25:59 PM

The thing is, people don't seem to care about ETH being mutable or not, most people that are coming into the crypto game just want to make money, and ETH got all those corporate big wallets putting money into it, constantly hypeing it.

Your statement is wrong. It should be formulated into this direction:" The thing is, people who are just greedy and want to make money don't seem to care about ETH being mutable or not..". The people who truly came to Bitcoin due to decentralization and everything that came along with it can only see ETH as cancer. ETC on the other hand, has staid true to its cause.

Quote from: BillyBobZorton on June 05, 2017, 12:25:59 PM

It would take another DAO or a fatal exploit found to burst the bubble.

They would bail it out again. Roll Eyes

Quote from: mindrust on June 05, 2017, 02:12:32 PM

ETH has the potential of surpassing bitcoin because its creator is tirelessly bitching for his company.

That's partially the reason. The main reason for which ETH has potential to surpass Bitcoin (even quite easily) in price is because it has centralized smart contracts, meaning if something bad happens on the huge scale, they will bail you out.

Quote from: mindrust on June 05, 2017, 02:12:32 PM

Since bitcoin don't has a CEO, only we users promote bitcoin by actually using it. I am not disturbed by ETH's success at all. ETH is a company share of Ethereum Inc. and just like any other company out there it is centralized (or semi centralized if it matters)

Which is a huge feature, even though the centralists and statists that have infested the community are completely against it.
Am i mad because i didn't jump on the train? To some extent, yes. I would have gtfo asap after I had my profits anyway. (probably around %10 lol) and I am also mad because i didn't buy TESLA shares when they costed dust Cheesy

Quote from: mindrust on June 05, 2017, 02:12:32 PM

I share the same feelings on one thing though, if ETH becomes #1 just after bitcoin gets broken because of the miners' greed, yes i'll probably end my crypto life either. I

Bitcoin will not be broken by not being the first in terms of market cap.

mindrust

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Quote from: gentlemand on June 05, 2017, 12:33:40 PM

Bitcoin's lumbering solidity allows the alts to be the little shits that most of them are as there's always the option to return to Bitcoin.

If that goes then I think it's game over for everything for quite some time. The alt exchanges can't and won't switch to the dollar. Tether can't be trusted in my opinion.

If ETH becomes the backbone of the crypto market then I'm checking out for good.

ETH has the potential of surpassing bitcoin because its creator is tirelessly bitching for his company.

Since bitcoin don't has a CEO, only we users promote bitcoin by actually using it. I am not disturbed by ETH's success at all. ETH is a company share of Ethereum Inc. and just like any other company out there it is centralized (or semi centralized if it matters)

Am i mad because i didn't jump on the train? To some extent, yes. I would have gtfo asap after I had my profits anyway. (probably around %10 lol) and I am also mad because i didn't buy TESLA shares when they costed dust Cheesy

I share the same feelings on one thing though, if ETH becomes #1 just after bitcoin gets broken because of the miners' greed, yes i'll probably end my crypto life either. It will be a great opportunity for me to get back to hoarding gold. I am for bitcoin or nothing. If bitcoin gets broken, it will be the proof that crypto and all decentralization stuff are nothing but bullshit and i don't want to see eth's being considered as a crypto currency.

gentlemand

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Bitcoin's lumbering solidity allows the alts to be the little shits that most of them are as there's always the option to return to Bitcoin.

If that goes then I think it's game over for everything for quite some time. The alt exchanges can't and won't switch to the dollar. Tether can't be trusted in my opinion.

If ETH becomes the backbone of the crypto market then I'm checking out for good.

mindrust

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Quote from: ImHash on June 05, 2017, 12:21:23 PM

Altcoins should depend and hedge against dollar and not bitcoin but whatever happens bitcoin will remain well bitcoin.
It won't happen since miners are too much invested in setting up their mining farms just to throw them all away for what?
It will not help any one if bitcoin splits in half, bitcoin couldn't afford to lose momentum, it should not lose more than 25% of it's current value otherwise recovering will be hard.

Bitcoin lost %80 of its value after gox and yet it recovered. Instead of living under a constant threat from Jihan for long years, I prefer to have UASF as soon as possible. Let the malicious miners have their own chain. Let them name it whatever they want. Bitcoin Unlimited sounds fine Wink

So we as bitcoin, can move on from where we left.

The choice is very simple

a)Jihan/Vercoin
b)Decentralized bitcoin

I prefer b.

BillyBobZorton

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Quote from: Lauda on June 05, 2017, 03:36:37 AM

Quote from: ifyousmell on June 05, 2017, 02:39:20 AM

Is chain split going to happen at all btw?

You can split the chain right now if you have any number of people in support of what you're doing. There's nothing scary about that. However, it will become destructive if we start talking about 30-70 or 50-50 chain split.

Quote from: Scorpion on June 05, 2017, 02:48:57 AM

There won't be a split but it would mean ETH LTC XRP ETC XMR double or triple in value.

Centralized corporation & bankster coin, silver to the Bitcoin gold, bankster heaven (not even a cryptocurrency), immutable ETH, anonymous/fungible coin. These are the proper descriptions of said coins. Will their double or triple in value? No. ETH tripling in value alone would imply a $60bil market cap and it is a mutable coin that is the result of a chain split. The split will lead to one side winning, which will likely result with Bitcoin scaling. Bitcoin scaling = doomsday for these worthless shitcoins.

Quote from: hase0278 on June 05, 2017, 02:58:53 AM

It really depends on how things will go since no one is really that sure what will happen by august 1 but there will be no split because BU or Segwit will just implement changes therefore there will be no split. Bitcoin would still be bitcoin although but im sure if that happens, some altcoins will rocket in terms of price if the crypto users didn't like the implemented changes.

UASF with BIP149 is better. The rhetoric "BIP148 at all costs" is not something that I'm fond of, even though I do support the proposal itself.

The thing is, people don't seem to care about ETH being mutable or not, most people that are coming into the crypto game just want to make money, and ETH got all those corporate big wallets putting money into it, constantly hypeing it. So with every new big smart contract-ICO thing there's a long tail effect where more and more hype is built around ETH. It would take another DAO or a fatal exploit found to burst the bubble. Until the cow keeps generating benefit then the game is on.

ImHash

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Altcoins should depend and hedge against dollar and not bitcoin but whatever happens bitcoin will remain well bitcoin.
It won't happen since miners are too much invested in setting up their mining farms just to throw them all away for what?
It will not help any one if bitcoin splits in half, bitcoin couldn't afford to lose momentum, it should not lose more than 25% of it's current value otherwise recovering will be hard.

stompix

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Quote from: ifyousmell on June 05, 2017, 05:18:24 AM

Why the confidence that there wont be any split? It seems that I have been looking at articles and news pointing to Bitcoin split and getting ready prior to Aug 1.
Maybe someone here could break it down and explain it simply yet technically, would be much appreciated!

The confidence comes from years of surviving thousands of deaths.
Bitcoin has died a billion times but it seems Bruce W is easier to kill that btc.

There is no point on having the same discussion on what the "split " would mean again
Check the project and dev section
Already too many threads about it:
https://bitcointalk.org/index.php?board=6.0

Vaskiy

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Splitting never happens unless it gets a good percentage of support for the splitting. If by situation there happens a splitting very few altcoins will be in the tripling and doubling of value. At present there is no indication of a split signal anymore looking the past BU splitting of chain.

freebutcaged

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If split happens then we'll have the real alternative for Bitcoin which will greatly damage LTC and ETH markets, I believe some of the miners

Are against the planned upgrade and if they decide to insist on their own chain then split will happen and there will be no turning back, because

If they wanted to abandon their chain and go back on the main chain later then why not going on the main chain from the start to avoid the loss

Of blocks that could be mined during the lost time of staying on the second chain. there are 2 options IMO 1)- %100 of miners-nodes upgrade

At the same time. 2)- any percentage of miners not upgrading then blockchain will fork but make no mistake the small blockchain will not carry the

Name which is BTC. after all this is over what really matters is for every individual having the ability to freely mine Bitcoin. and the value of the small

Chain's coin could be not more than %30 of Bitcoin market price.

bartolo

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A too simple question for a very complex scenario. We don´t know if there will be a split, if there is we don´t know how long it will last (one day, one week, one month, forever), we don´t know the percentage of the two chains, we don´t know if the money invested in bitcoin would go to fiat money or other altcoins. If the value of bitcoin droped sharply the value of the altcoins compared to bitcoin would rise, but if bitcoin drastically regained its value the investors who had taken refuge in the altcoins would lose money.

stomachgrowls

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Quote from: ifyousmell on June 05, 2017, 02:39:20 AM

Hello all, as the title suggests, if there is chain split for Bitcoin on Aug 1, what would the value of Altcoins be hedged on?
Also, for people who are holding altcoin in their portfolio, which type of Bitcoin will exchanges allow?

Is chain split going to happen at all btw?

Theres a possibilty but i think chances would be very very small but still we cant be unsure what would happen on that day Aug 1. If bitcoin splits then there would really be changes on altcoin market and it will surely rise up specially on those who are next in line to bitcoin like eth and mostly in the top of marketcap.

YuginKadoya

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Quote from: ifyousmell on June 05, 2017, 05:18:24 AM

Why the confidence that there wont be any split? It seems that I have been looking at articles and news pointing to Bitcoin split and getting ready prior to Aug 1.
Maybe someone here could break it down and explain it simply yet technically, would be much appreciated!

I think this is a very risky move they would make in splitting bitcoin we can never know what would really happen after that but they are saying that in August 1 BIP 148 and bitcoin legacy will split bitcoin and I have watch an interview that you will not lose your bitcoin if your properly securing it and validating them, well they will upgrade bitcoin to handle the scalability of bitcoin but they are doing their best in doing this the right way and right now we can not know what will happen right now.

NUFCrichard

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Quote from: Scorpion on June 05, 2017, 02:48:57 AM

There won't be a split but it would mean ETH LTC XRP ETC XMR double or triple in value.

They already have! The prices of ETH LTC XRP ETC and XMR are so grossly overinflated that it is crazy.
I would be looking at getting more Bitcoin classic if there was a split, I mean ETC has done quite well, even though that split was about as fair as could be.

I don't think that Bitcoin failing helps alts, I think it weakens the whole environment, I still believe that if Crypto is to succeed in this generation, it will be with Bitcoin at the forefront.

ifyousmell

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Why the confidence that there wont be any split? It seems that I have been looking at articles and news pointing to Bitcoin split and getting ready prior to Aug 1.
Maybe someone here could break it down and explain it simply yet technically, would be much appreciated!

Velkro

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Quote from: Variogam on June 05, 2017, 03:51:35 AM

Anyway, the outcome should be clear pretty fast after Aug 1 (within a day, maximally in a few days).

That is a wish come true, that outcome would be clear fast.
Problem is if it not be clear fast. Big problem. So lets hope for the best but prepare for the worst.

Variogam

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Quote from: ifyousmell on June 05, 2017, 02:39:20 AM

Also, for people who are holding altcoin in their portfolio, which type of Bitcoin will exchanges allow?

There is, and going to be, only one Bitcoin. Eighter BIP148 chain become Bitcoin with most miners joining, dies off and nobody cares, or lives forever as minority chain which can be used and traded like other altcoins. Anyway, the outcome should be clear pretty fast after Aug 1 (within a day, maximally in a few days).

Lauda

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Quote from: ifyousmell on June 05, 2017, 02:39:20 AM

Is chain split going to happen at all btw?

You can split the chain right now if you have any number of people in support of what you're doing. There's nothing scary about that. However, it will become destructive if we start talking about 30-70 or 50-50 chain split.

Quote from: Scorpion on June 05, 2017, 02:48:57 AM

There won't be a split but it would mean ETH LTC XRP ETC XMR double or triple in value.

Centralized corporation & bankster coin, silver to the Bitcoin gold, bankster heaven (not even a cryptocurrency), immutable ETH, anonymous/fungible coin. These are the proper descriptions of said coins. Will their double or triple in value? No. ETH tripling in value alone would imply a $60bil market cap and it is a mutable coin that is the result of a chain split. The split will lead to one side winning, which will likely result with Bitcoin scaling. Bitcoin scaling = doomsday for these worthless shitcoins.

Quote from: hase0278 on June 05, 2017, 02:58:53 AM

It really depends on how things will go since no one is really that sure what will happen by august 1 but there will be no split because BU or Segwit will just implement changes therefore there will be no split. Bitcoin would still be bitcoin although but im sure if that happens, some altcoins will rocket in terms of price if the crypto users didn't like the implemented changes.

UASF with BIP149 is better. The rhetoric "BIP148 at all costs" is not something that I'm fond of, even though I do support the proposal itself.

hase0278

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It really depends on how things will go since no one is really that sure what will happen by august 1 but there will be no split because BU or Segwit will just implement changes therefore there will be no split. Bitcoin would still be bitcoin although but im sure if that happens, some altcoins will rocket in terms of price if the crypto users didn't like the implemented changes.

Topic: Value of Altcoin IF Bitcoin splits (Read 1347 times)