What do you think for the coming split on Aug 1st?

ChironRegera

full member

Activity: 138

Merit: 100

Quote from: FlamingFingers on July 19, 2017, 04:01:03 PM

For your information, BIP148 (UASF) activation will not split the chain on August 1st, it will likely split it in November. The problem is, those damned Chinese want a hard fork so bad, so they are supporting SegWit2X till the end, and even if it didn't split the chain, they are going to hard fork it anyway. Even when a middle solution appeared (BIP91), it got a huge resistance in China.

They're already announcing a hard fork date of: 2017-08-01 12:20 p.m. UTC

mihohil

full member

Activity: 406

Merit: 100

I think that after 1st August bitcoin will be 3k$ again, so will see

FlamingFingers

sr. member

Activity: 1302

Merit: 288

For your information, BIP148 (UASF) activation will not split the chain on August 1st, it will likely split it in November. The problem is, those damned Chinese want a hard fork so bad, so they are supporting SegWit2X till the end, and even if it didn't split the chain, they are going to hard fork it anyway. Even when a middle solution appeared (BIP91), it got a huge resistance in China.

wendelllee

sr. member

Activity: 672

Merit: 250

DeepOnion

The situation is different with what happened in 2013. For the dumping in that year, almost all my friends sold their BTC and LTC very quickly. Now it's different, most of them do not want to sell those digital asset. They are confident with the long term future.

Xch4ng3

hero member

Activity: 661

Merit: 502

Quote

he market has already anticipated/realized the impact for the split. That's the reason for the dumping within last three weeks.

I very much doubt it's this. Alphabay has also gone down - considering they took in almost $500,000 of transactions per day, they were a big part. This always happens with a market take down and I think most people are preparing, if anything for a short crash and then back to normal. You think people won't lap up cheap coins and push the price back up if it drops below a certain %?

For every seller, there's usually a buyer who will buy cheap coins off you ^_^

wendelllee

sr. member

Activity: 672

Merit: 250

DeepOnion

What do you think for the coming split on Aug 1st?
The market has already anticipated/realized the impact for the split. That's the reason for the dumping within last three weeks.
I would expect the price will rise up very quickly after Aug 1st.

Topic: What do you think for the coming split on Aug 1st? (Read 405 times)