Will Bitcoin hard fork create free money?

elghoniya

newbie

Activity: 111

Merit: 0

Quote from: StockBet.com on October 17, 2017, 12:00:38 PM

"Bulls Take Breather? Bitcoin Slows as Price Struggles to Breach $6,000"
https://www.coindesk.com/bulls-take-breather-bitcoin-slows-price-struggles-breach-6000/

Quote

As for the specific reasons for the increase, pundits and observers are still struggling to identify a catalyst for the blast above the psychological hurdle of $5,000. However, one of the more plausible theories is that many are buying bitcoins on hopes that a hard fork in November might end up creating money out of the thin air.

Who believes this?

yes, i sure about that. its prospected

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: StockBet.com on October 17, 2017, 12:00:38 PM

"Bulls Take Breather? Bitcoin Slows as Price Struggles to Breach $6,000"
https://www.coindesk.com/bulls-take-breather-bitcoin-slows-price-struggles-breach-6000/

Quote

As for the specific reasons for the increase, pundits and observers are still struggling to identify a catalyst for the blast above the psychological hurdle of $5,000. However, one of the more plausible theories is that many are buying bitcoins on hopes that a hard fork in November might end up creating money out of the thin air.

Who believes this?

Personally, I don't see bitcoin diving much whether there is a fork in November or not. The price of bitcoin could only play around 5k plus but not below and whatever happens to get to 3k per dollar means its collapse and takeover of another crypto or something new to the world.

GreatOrchid

legendary

Activity: 1092

Merit: 1001

Uhmmm i guess that you are an altaccount of somebody, there is no way that you dont know how did the last fork happened, and you are a Sr member at the moment, it is so suspicius.. anyway, you are going to receive bitcoingold on your wallet, but only if your wallet accepts btg, 1 btg per 1 btc, this is how the convertion works.
But i dont think that it is free money, but that question is killing me.. i dont know how to answer that, if anyone can help us to understand it, it will help us a lot

Jolyquinzel

jr. member

Activity: 58

Merit: 10

We can't predict it yet. Probably, my 500 USD in BTC will have become thrash by the end of November Sad

But I believe in the best outcome that is why I think it will become more expensive after the hard fork (or hard-fork)

Taki

hero member

Activity: 1078

Merit: 514

Were you born yesterday? Everybody is just talking about Bitcoin Gold token which is going to take it's place in the world of crypto currencies, just like Bitcoin Cash. This is one of the reasons why the price for bitcoin is growing - everybody wish to get new free joins as much as possible, so people investing in bitcoin or exchange their altcoins to bitcoin.

Gozie51

hero member

Activity: 2520

Merit: 624

This is about the first time that I might witness the fork, guess I would hold to see if I could get some freebies as predicted or whether nothing would come to my wallet but I'm not in any way fidgeting about whether bitcoin would go dip after the much talked about fork.

I'm so strong hearted and my reason is simply that bitcoin is getting preeminence over all cryptos and each day it is getting more popular and people are adopting it plus government looking into it. Bitcoin has all the signals to keep flying high.

Economics taught me that when a product is wanted by many, its monetary value and otherwise keep flying up. Not scared .

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Hard forks are always creating free money out of thin air and this is what's really happening all of the time. And it's a 2-in-1 benefits for the people that are buying bitcoins right now, so they've got their bitcoins which can be hold for a long time and it's real profit already. While waiting for the November fork, the chance of having another free coin which is bitcoin gold is also a thin money so it's definitely a win situation to all who are buying now.

Casabrandy

hero member

Activity: 837

Merit: 500

Quote from: pitham1 on October 17, 2017, 04:48:47 PM

Quote from: StockBet.com on October 17, 2017, 12:00:38 PM

"Bulls Take Breather? Bitcoin Slows as Price Struggles to Breach $6,000"
https://www.coindesk.com/bulls-take-breather-bitcoin-slows-price-struggles-breach-6000/

Quote

As for the specific reasons for the increase, pundits and observers are still struggling to identify a catalyst for the blast above the psychological hurdle of $5,000. However, one of the more plausible theories is that many are buying bitcoins on hopes that a hard fork in November might end up creating money out of the thin air.

Who believes this?

The fork will quickly go down in value. It is an opportunity for long-term holders to swap the free coin back into Bitcoin. But I don't think that is driving people to buy bitcoins and that is definitely for the reason to cross $5000.

Definitely the reason, since last fork were successful so I bet there are into this process of holding it and waiting for the free bitcoin gold as a freebie. Then once receive will use to buy some alts and let bitcoin amd bitcoin gold dumo like what happened in bch.

pitham1

legendary

Activity: 1232

Merit: 1000

Quote from: StockBet.com on October 17, 2017, 12:00:38 PM

"Bulls Take Breather? Bitcoin Slows as Price Struggles to Breach $6,000"
https://www.coindesk.com/bulls-take-breather-bitcoin-slows-price-struggles-breach-6000/

Quote

As for the specific reasons for the increase, pundits and observers are still struggling to identify a catalyst for the blast above the psychological hurdle of $5,000. However, one of the more plausible theories is that many are buying bitcoins on hopes that a hard fork in November might end up creating money out of the thin air.

Who believes this?

The fork will quickly go down in value. It is an opportunity for long-term holders to swap the free coin back into Bitcoin. But I don't think that is driving people to buy bitcoins and that is definitely for the reason to cross $5000.

Shutup

full member

Activity: 588

Merit: 100

Quote from: StockBet.com on October 17, 2017, 12:00:38 PM

"Bulls Take Breather? Bitcoin Slows as Price Struggles to Breach $6,000"
https://www.coindesk.com/bulls-take-breather-bitcoin-slows-price-struggles-breach-6000/

Quote

As for the specific reasons for the increase, pundits and observers are still struggling to identify a catalyst for the blast above the psychological hurdle of $5,000. However, one of the more plausible theories is that many are buying bitcoins on hopes that a hard fork in November might end up creating money out of the thin air.

Who believes this?

I beleive also that after hard fork price increase of bitcoin will amazed bitcoiners for the surprise bitcoin price value increase.lf theres a lot of free coins now there will be more in the future.Bitcoin really get excitement to all bitcoiners.As a bitcoiners l enjoy a lot to bitcoin.Although some managers are not responsible for our salary but we still hope that there are some managers who will give us hope to meet our dreams theough bitcoins.Theres a future waiting for us.Patience is needed kn this job and l will not lose hope until ther are lives getting rich because of bitcoin.

steadyrice

member

Activity: 140

Merit: 11

Quote from: erre on October 17, 2017, 01:40:28 PM

It's funny how almost nobody here seems to get that OP was talking about 2x, bitgold have almost no support and won't create much free money at all, I think it will be valued something like bitcore or less...

Exactly. If it doesn't have any value, owning a bunch of a certain currency means nothing.

Xavofat

hero member

Activity: 938

Merit: 559

Did you see that ludicrous display last night?

There's no discussion to be had here. It's objectively not "free money" it's just basic supply and demand. The value at the start is the value which people perceive the new chain to have at the start, and the value after that is the value that people perceive it to have after that.

Of course there's nothing exactly pegging down the value, but there's nothing pegging down the value of BTC either.

If the price rise was/is really caused by the belief that everyone can just sell the forked chain and no one has to actually buy on the other side, we're deep into a speculative bubble. The fact that you're even suggesting that as a possibility makes me think we are.

merchantofzeny

sr. member

Activity: 1036

Merit: 279

Wait, wait, I haven't been paying attention lately... We're having another fork? I haven't even bothered trying to get BCH from the BTC I saved in Electrum since I found these stuff complicated.

Well, if there's more coins, then good. It's free and will likely get dumped fast. As for buying bitcoins in hope of making a profit out of the fork though, I can't tell if that's a good strategy. If the fork don't happen, or they don't make as much money as expected, they might end up disappointed.

Oh well, at least they'd still be owning some BTC after that.

erre

legendary

Activity: 1666

Merit: 1205

It's funny how almost nobody here seems to get that OP was talking about 2x, bitgold have almost no support and won't create much free money at all, I think it will be valued something like bitcore or less...

Tumanggor

full member

Activity: 1050

Merit: 109

1xBit.. recovered their reputation

just like when hardfork Bitcoin Cash, many of us especially me who get BCH for free as much as Bitcoin that I have,

hopefully it happened when hardfork Bitcoin Gold later, Grin

now we gamble, lol

Yadstiker

full member

Activity: 373

Merit: 100

Simply yes it does. It gives free money for those who had bitcoin during this hard fork but it is only for those wallets or exchanges that suoports the bitcoin hard fork. Since it has been expected like that, expected also the price of bitcoin may be down for a moment while alts also maybe down because many holders would dump their holdings to get that free money of theirs, but that is only an assumption.

Duogembrot

full member

Activity: 476

Merit: 100

Quote from: StockBet.com on October 17, 2017, 12:00:38 PM

"Bulls Take Breather? Bitcoin Slows as Price Struggles to Breach $6,000"
https://www.coindesk.com/bulls-take-breather-bitcoin-slows-price-struggles-breach-6000/

Quote

As for the specific reasons for the increase, pundits and observers are still struggling to identify a catalyst for the blast above the psychological hurdle of $5,000. However, one of the more plausible theories is that many are buying bitcoins on hopes that a hard fork in November might end up creating money out of the thin air.

Who believes this?

of course, do you know how bitcoincash (BCH) is created? BCH was created because bitcoin held hardfork last month, and those who have bitcoin balances during the hardfork process will get free coin.

jmigdlc99

sr. member

Activity: 784

Merit: 282

Regardless of bitcoin gold's actual value, the fork will provide bitcoin holders with a new asset which they can sell. In it's simplest sense, free money.

The recent surge in bitcoin price is proof of this simple concept and you should not really worry about bitcoin's value crashing before or after the fork. Bitcoin is a very volatile asset and it is prone to its ups and downs but rarely does an opportunity of a hardfork come your way so i suggest you make the most out of it. If you are in it for the long term anyway you should not even have to worry about crashes even if it goes down back to $2000. Remember bitcoin's adoption grows more and more each day and people finding out about bitcoin tend to buy and invest. With the limited amount of bitcoin it has not been said enough, just HODL.

#WakeMeAt$100000=1BTC

junoreactor

full member

Activity: 196

Merit: 109

I was reading such theories lately, this is equivalent to gambling for me, honestly no idea how the fork is going to affect the price.
I am not sure anyone here can give predictions. I would be glad to hear them anyway Wink

Or perhaps some people know Bitcoin Gold will be a huge asset in the future?

StockBet.com

sr. member

Activity: 322

Merit: 250

Make A Bet on WORKING SOFTWARE

"Bulls Take Breather? Bitcoin Slows as Price Struggles to Breach $6,000"
https://www.coindesk.com/bulls-take-breather-bitcoin-slows-price-struggles-breach-6000/

Quote

As for the specific reasons for the increase, pundits and observers are still struggling to identify a catalyst for the blast above the psychological hurdle of $5,000. However, one of the more plausible theories is that many are buying bitcoins on hopes that a hard fork in November might end up creating money out of the thin air.

Who believes this?

Topic: Will Bitcoin hard fork create free money? (Read 375 times)