What could possibly go wrong? (Segwit)

RoommateAgreement

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Bazinga!

Quote from: Fishbones78 on July 17, 2017, 06:25:22 PM

I'm surely missing something here. I'm literally ready to drain my bank accounts on the 31st of July, wait a few weeks and sell enough BTC to cover my expenses - surely leaving me with a large amount of BTC as profit?

yes you have missed quite a bit actually.
instead of overthinking things and reading the FUD script online you should have done what i did, stop listening to FUD and buy bitcoin.
what you missed was cheap coins at the bottom. now you can see only price rise. there may be a smaller version of the drop soon but this is officially the end of the FUD dump and start of the rise..... like always...

if you really did drain your bank and invested in bitcoin you would have made 20% profit in couple of days and still rising.

szpalata

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Quote from: ecnalubma on July 17, 2017, 07:28:29 PM

Segwit already plays well on litecoin I guess, So I think nothing could possibly go wrong if its implemented over bitcoin. I think these changes are all advantage and needs to be implemented in order to lessen transaction fees, make bitcoin more flexible and better.

That's true but I hope this application wouldn't leave some loopholes for hackers to attack our bitcoins because litecoins cannot compare its self in terms of market cap to Bitcoin and chances are that it is not attractive enough for the hackers to hack them yet and so we should watch out for segwit as it's being implemented in Bitcoin well so that we give no room for mistakes.

radamiel

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In fact everyone is panicked with what is rumored by segwit, bitcoin prices dropped dramatically, until now we can not get the certainty of segwit, we can only wait, whether it is wrong or true, who can answer it is only time, whether it will destroy cryptocurrency Or even make it bigger, can only pray the best

aTriz

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Tontogether | Save Smart & Win Big

Quote from: Fishbones78 on July 17, 2017, 06:25:22 PM

Hi
I'm really struggling to see why we are already seeing a decline in BTC price due to the incoming fork.
From what I understand:

We see an alternative crypto that has a very small likelihood of overtaking Core, as Core will be better than old BTC after the fork. Plus Core is just, well,
king.
Alternative crypto lasts a day and dies. Life goes on.

I'm surely missing something here. I'm literally ready to drain my bank accounts on the 31st of July, wait a few weeks and sell enough BTC to cover my expenses - surely leaving me with a large amount of BTC as profit?

With my current knowledge on Segwit, I can't see any reason for panic. What am I misunderstanding?
Thanks

This is mostly due to panic and the snowball effect, when Bitcoin dropped 200 in 5 or 6 hours, a lot of people panicked and quickly sold their coins, which dropped the price even lower and then people would do this again and again, dropping the price even lower. Also, some people will sell their bitcoin, just to add to the price drops and then attempt to re buy the bitcoin at a lower price. People are probably panicking right now due to the possible soft fork or hard fork that might happen recently. This is pre segwit anticipation, and Bitcoin seems to be recovering and rising back to its former glory.

Wind_FURY

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Quote from: Fishbones78 on July 17, 2017, 06:25:22 PM

Hi
I'm really struggling to see why we are already seeing a decline in BTC price due to the incoming fork.
From what I understand:

We see an alternative crypto that has a very small likelihood of overtaking Core, as Core will be better than old BTC after the fork. Plus Core is just, well,
king.

What do you mean by "Core will be better than the old BTC"? As far as I know Core is still the old BTC that wants to get Segwit implemented via BIP141.

Quote

Alternative crypto lasts a day and dies. Life goes on.

I'm surely missing something here. I'm literally ready to drain my bank accounts on the 31st of July, wait a few weeks and sell enough BTC to cover my expenses - surely leaving me with a large amount of BTC as profit?

With my current knowledge on Segwit, I can't see any reason for panic. What am I misunderstanding?
Thanks

I am personally mixed as far as the blockchain split is concerned. Sometimes I think there will not be a split but sometimes I do. There is one character that we should look out for and that is Luke Dashjr. We do not know what is going on with that guy's mind.

ecnalubma

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Segwit already plays well on litecoin I guess, So I think nothing could possibly go wrong if its implemented over bitcoin. I think these changes are all advantage and needs to be implemented in order to lessen transaction fees, make bitcoin more flexible and better.

Sarah08

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Activity: 238

Merit: 100

Quote from: Fishbones78 on July 17, 2017, 06:25:22 PM

Hi
I'm really struggling to see why we are already seeing a decline in BTC price due to the incoming fork.
From what I understand:

We see an alternative crypto that has a very small likelihood of overtaking Core, as Core will be better than old BTC after the fork. Plus Core is just, well,
king.
Alternative crypto lasts a day and dies. Life goes on.

I'm surely missing something here. I'm literally ready to drain my bank accounts on the 31st of July, wait a few weeks and sell enough BTC to cover my expenses - surely leaving me with a large amount of BTC as profit?

With my current knowledge on Segwit, I can't see any reason for panic. What am I misunderstanding?
Thanks

Easy to understand the bitcoin msrket price value could be dump up to the price where itare start since 2014 so i guess if thethe segwit will be successful it will pump up to its high price in the pass of year but it could also be a mess in bitcoin that something could go wrong in the segwit where it will a broken coin i guess thay could happened.

cengsuwuei

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#SWGT PRE-SALE IS LIVE

i think much people still panic
because segwit not guaranteed can succes, and much people need safe to money, so i think much people can convert bitcoin balance to fiat money

Fishbones78

sr. member

Activity: 462

Merit: 250

Hi
I'm really struggling to see why we are already seeing a decline in BTC price due to the incoming fork.
From what I understand:

We see an alternative crypto that has a very small likelihood of overtaking Core, as Core will be better than old BTC after the fork. Plus Core is just, well,
king.
Alternative crypto lasts a day and dies. Life goes on.

I'm surely missing something here. I'm literally ready to drain my bank accounts on the 31st of July, wait a few weeks and sell enough BTC to cover my expenses - surely leaving me with a large amount of BTC as profit?

With my current knowledge on Segwit, I can't see any reason for panic. What am I misunderstanding?
Thanks

Topic: What could possibly go wrong? (Segwit) (Read 631 times)