Bitcoin Forum

Who else is cashing in before the fork wipes out Bitcoin?  I don't have much but will quit while I'm ahead.   ;)

I doubt that Ver forking to make his own chain is going to impact the value of Bitcoin that much, especially in the long term. If it does dip significantly I'll just use that as an excuse to buy some more.

Well, if you want to keep your wealth in the short term best bet is to cash out as soon as possible, big whales already done it in the beginning of the month, bitcoin is going down, if split happens, it is going way down...

i'm not it's all fud to make people like you starting to panic sell their coins, i'm holding tight my coins, at worse the fork will only double my amount, which can only be good

It is your choice. I am keeping mine. I also think that bitcoin price may crash when the fork happens but I believe bitcoin is the better cryptocurrency. It will come out of this stronger, so I am betting my bitcoins to that.

Hahahahahahaha.

Do you have any idea how many times speculators wanted to kill Bitcoin so far? At least dozen.

Let me tell you one thing, you cannot kill $20 billion industry. Not anymore.

I'll just hold and see what happens long term. Nether put any fiat into BTC, so not worried if it turns into the Zimbabwe dollar. If it turns into a future viable valuable currency then great. Nice little retirement fund in that case.

If a contentious fork does happen, I expect the markets to go 2008 banking crisis style. Smalltime 'clever big boy pants' leveraged traders are highly likely to get wiped out in the volatility. Some of them will quit trading. Others will become better traders. But I for one will just stay out of it and let the real economic powers fight it out between themselves. The real winner may not be known for many months or years, so I'll just hold onto pre-fork coins rather than try to be clever with them out of greed.

We here are legends, not affected by small obstacles  ;D
Hard fork always has small term impact on prices. The price will turn other side soon due to other future contingencies. I personally use Bitcoin as currency, not investment. So I am generally unaffected by such price fluctuations.

Really? Is that so?

http://3.bp.blogspot.com/_D6DA0adYTxE/TJ-PyrJTlhI/AAAAAAAAACM/mPZSlQt6AA0/s320/DotComCrash.png

http://www.brandinsightblog.com/wp-content/uploads/2014/08/enhanced-buzz-6165-1365526879-28.jpg

https://s-media-cache-ak0.pinimg.com/736x/32/a5/d3/32a5d3a3e3c88f22b33eef86c9fd3a33.jpg

Hard fork can not wipe out Bitcoin, the only set back is the crash in price and this I don't expect it to last. I won't advice you not to cash out but just make sure you way both sides properly

Trying to make some cheap money off of FUD and decreasing prices?

No, I am not going to cash out. Bitcoin will persevere, at least for now. There is way too much money invested into Bitcoin and way too many enthusiasts supporting it for it to fail just yet.

Bitcoin isn't going anywhere, if anything it might be worth holding for the split and then you can decide to hold or sell either coin, many of the exchanges will be treating unlimited as an altcoin initially, interesting times lay ahead.

I was thinking of doing so but then i realized i only hold %2 as bitcoins. So i got my coins back in my electrum wallet. A hard fork is an opportunity for me to double my bitcoins. Losing a few bucks while waiting isn't a big deal. I won't cash out till i become desperate for fiat.

Ive never sold any bitcoin ever and this current dramas wont be making me sell any either. All this panic is good for getting rid of weak hands and i will be glad to see the price rise and lock out most of these people who should have just trusted in bitcoin and held their coins.

I think possible hard fork is still way far so no need to worry about. Bitcoin unlimited dev is still dealing with a bug that has been found few weeks ago and it is possible that there will be lot more bugs in their code which need to be fixed before they think about splitting the network with hard fork.

I don't think you understand what a fork is. Let me draw you a diagram.

Y

Incase that didn't get through to you, you'll own just as many bitcoins as you did before. You'll just own two different kinds of bitcoins. If the price drops then you've lost brain dead sheep to the slaughter. It's not a big deal.

I only have small amount of bitcoin so I'm not cashing out. But if ever I have a good amount, I will still not getting out. I still have fiat anyways, I think you are just carried away by the spur of the moment. But then again its your call, we can't make decision for you. I saw a lot of community members are also not bailing out. I guess you are listening or reading too much FUD that makes you cash your bitcoin.

its a very uncertain time.  Certainly risk to holding, but also huge opportunity cost if you sell because
once the tension resolves itself, bitcoin could see a huge spike and you'll be forced to buy back in
at a much more expensive price.

Hold BTC

Sell BTU

Buy BTC dip

Like You, I'm staying put and I'm keeping my Bitcoins in my Priv-Key owned wallet. If peradventure, A Hard fork eventually happens, I'm choosing the Majority in such situation.

This Bitcoin Hard fork situation is creating too much panic, A hard fork as this kinda time could end Bitcoin. Let's see how it goes.



There's one thing I'm sure of. If the hard fork doesn't wipe out Bitcoin, It'll definitely scare People, Not just from Bitcoin, But from Cryptocurrency. I really can't believe Bitcoin is the subject of matter for a hard fork. A split in the network would be fatal.

I'm in bitcoin for long-term, will hold my coins and see how things play out. i'll increase my holding if price falls below $700.

Not me. I'm holding for the long run. And by long run I mean 15 to 20 years.

Indeed, bitcoin is simply too big to fail.   

I must admit I am not following this hardfork as closely as I should be. With that being said I'm certain I do not want to support BTU. How/when will I be able to sell off my BTU shitcoins? wouldn't mind getting some bonus BTC from the hands of idiots.

I'm investing my money to Bitcoin for long term goals so I'm holding tight and will just wait to buy some cheap coins when fork happens. There are so many attempts in the past with goal of killing BTC but it is still alive until today. And I believe, this fork will not kill it either. Weak hands may lose grip of the true intentions of BTC but I'm not one of them.

Many people are stressed with the hard fork theme and for those who have Bitcoin as an investment obviously it is much more frightening. I remain optimistic about what is going to happen and I think Bitcoin is strong and will overcome this.  In the end, we will see if the majority decision will benefit Bitcoin or not. 

I think, I will still stand with bitcoin even though the hardfork happened, it is really unfortunate if bitcoin really being forked it will make the investor disappointed because the price will drop down and it will need time to recover bitcoin to its prime condition

I don't have much bitcoin to begin with but being quite stingy I would feel bad if it never recover. But then again, I have no intention of selling my bits since that would mean a loss in money. Well guess that I'll just leave it be and see where it'll go. If it never recover, then I'll probably just chalk it up to experience. I'll only have my self to blame if I lose money because I went into something without fully understanding all the technical details.

he is right, you can't kill a 20B decentralized indistry, don't compare it to various business that were worth more but went bankrupt, centralized business are more prone to fall for obvious reason

if miners decide to be an hasshole and disrupt bitcoin, dev core team have already put into account the possibility of changing the algo, and i like this idea

if they changed the algo since the beginning continuously, to not allow asic, we would sit on a more decentralized nethash, that was a mistake in my view

I doubt bitcoin is going anywhere, plus you have all the altcoins that are pegged to it, so it is too big a thing to kill now. I am sure when others panic sell, the whales will be buying it up in droves as they are bargain hunters after all.

I think you guys should cash out as soon as you can. To help you, I'm prepared to swop Bitcoin for domain names, or if you are in Southern England, we could work out a deal where I pay you cash (that's folding Sterling notes) or bank transfer.

Don't delay, grab you chance whilst a fool like me who believes in Bitcoin still has some money.

btw - I don't believe in forks, I use a wooden spoon. :)

The elasticity prevailing between the code implementation on the digital network will get resolved in a short time period. Once after this the price move might be gradual without any fluctuations happening down trend as the present price movement. The same will benefit the users who hold it and causing a buy back to users who sell on panic.

sell some and hold a little percent from all my coins, little afraid if the issue really affect to bitcoin price but still believe that it will back to rise because bitcoin community still strong, the safest way that on my mind only sell some and hold some coins

Can't really hurt if I wait and see how things works out if the hard-fork happens, I'm more curious
how will the other users respond to this event but I can't help myself to worry about what's gonna happen
after the hard-fork.

I would try to hold onto a little bit of Bitcoins just incase something happens with the price or Bitcoin Unlimited doesn't go through.
This type Bitcoin forking and changing into something else has been happening year after year so I wouldn't be too worried about it. It just seems like there is just big money holders trying to cheat people of their Bitcoins when they cash out.

I would suggest that you exchange the coins only if you see any progress on Bitcoin Unlimited.

I won't be cashing out, if chain split happen this means I have doubled my BTC, one on each chain.  More profit for me  ;D.  Just learn from ETH - ETC split.  Lots of people who holds huge amount of ETH profited on those split.  I just need to make sure that I have my BTC on the wallet address that I have the control.

The main thing is that Bitcoin have a huge infrastructure and is accepted worldwide. Before any service, company, or even a restaurant began to accept BU, first must accept that. I do not think that BU will accept more than 15% - 20% of users. Thanks to this BTC will win, and BU will simply die. We will decide what we want use! It is free market!

Whatever happens in the future i'll probably let my bitcoin just sit in my wallet because i'm already used to seeing bitcoin's price much lower. My other plan is to sell  btu and buy more bitcoin if the split does happen. I really do hope it doesn't happen.

You would be foolish if you sell your bitcoin.
For one, bitcoin is not going to die,there may be fall in price but that is because market is driven by sentiments.
Second even if bitcoin is replaced by BU,you will get equal amount of BU only if you have BTC in your wallet.

haha, you were ahead when price was $1250+ and if you have waited this far along it means you either were asleep or you are one of those weak hands that sell his coins to the whales each time there is some FUD in the market ;)
in that case i thank you for your contribution in selling us your coins cheap .

I definitely still going to used bitcoin,  I know people will still believe in bitcoin, I know we will a crash price when the forked happened but bitcoin still have so many room to grow, so if a lot of people believe bitcoin will survive then bitcoin will survive and become bigger in the future

I agree with you,
Hold ours bitcoins is the best option now. I Believe in cryptocurrencies and I trust it. Bitcoin never will be killed. Many speculators want to kill it, but i thing they can't. Day by day, people trust bitcoin and starting using it. so I don't see any ways to kill bitcoin even if the price crash when the fork happens.

No need to pull out. It will fluctuate up and down.

if i wanted to "pull out" with the first stupid FUD that i hear i wouldn't have lasted this long and i certainly could never make this much money from my bitcoin investment.
in the long term bitcoin always wins and always will remain bitcoin. nobody can change that and take that from us. because we are bitcoin and we are decentralized.

Yeah, but one is going to continue and the other will shrivel up and die.  It isn't up to us, it is up to the big mining groups.  If they go to BTU then BTC transcations will take even longer to process.  Whichever gets 51% of the miners will have won. 

Then five years down the line they fork again.  What then?

It will happen that the price of bitcoins may go down a lot for the fork .but it is not worth it to sell the bitcoins now as the price is low .if for small profit and u want the money right away .i would say get it, otherwise keep it to urself. As this is a huge industry it is not easy to get it away with .

I dont have much bitcoin but what I did is still saving nor not cashing out my btc.  I believe bitcoin price will pump or rising again it will. Im lose if I would sell it, instead I would holding it then.

I think if ever crash came to bitcoin, it will just bring in more people to the community.  Since many can buy bitcoin at discounted price.  It will recover  once the network stabilize.  If you have lots of money I suggest to buy more but if it produce two chain then better to choose which one is stronger and more stable.

There will always be something out to 'get' us. That's the nature of being in on something during its nascent days.

The $1 buyers faced the very real prospect of it returning to nothing. The $1000 buyers have a whole buffet of scariness to choose from. The $1 people did rather well in the end despite the uncertainty. The $1000 people may do as well but they won't unless there's some skin left in the game.

There's no such thing as "too big to fail" or we would all be living in the Roman Empire.

I don't actually think bitcoin will fail outright. It's more likely to be co-opted into something else. Big business and greed have an amazing power to mutate even the most resilient products and concepts into something unrecognizable to the original architect. History is full of examples.

I agree, it will most likely fall at a show phase, it will not outright die just like that if there would be a fork. Maybe what could happen is that the fork dies and bitcoins goes on. It would really depend on how well the users will perceive the fork. For me, I would stay with it right now and not really do anything drastic for now.

As I'm already aware that investing bitcoin is risky things means better to invest gold than bitcoin because the value still unpredictable compare gold value. But for profit making, bitcoin almost able to compete with gold , sometimes more over than gold profit potential.
But for me personally, I will keep most of my bits until next halving

A bunch of clever people wants you to panic and wants you to sell. They know where this is going and they are buying up all the "PanicCoins"

when people like you are running away from Bitcoin. Bitcoin was developed in this way for competing technologies to "battle" it out for

supremacy and if you want to run away when this happens... then you missing the whole point of this.  ;D

I think its been so many, many times that bitcoin will die, bitcoin is dead, or kill bitcoin but still does they're speculations happen? Of course not! instead, bitcoin is becoming more agrresive to increase though the value so far was dropped, but no worries.

from Kprawn said, i think this why we can see the price is always changing over and over in a day and its really makes panic buying and selling in the market. maybe the big player was battle with the other big player and we can only follow from what happen in the market as if we are not follow then i think we are hard to make profit too from this situations. i don't know who is getting out but i think people which have big amount will stand as the winner, maybe.

Even emergency fork of Ethereum didn't kill that altcoin and now ETH is stitting pretty on 4x pre-fork value.
So why do you think that planned and well done bitcoin's fork will destroy the asset?
Mass dump will create entry point for new investors anyway, so be my guest.

No, one side will die and the other will remain, simple as that, no wipe outs and there's no reason for people to be scared. Bitcoin was designed to be upgraded with hard forks.
What's certain is that the correct solution (SegWit or BU) will remain and be used, while the other will die out.
Even ETH is doing fine, that situation was far worse.

You wouldn't have to choose a chain, your coins will be on both. If you spend them together with newly mined coins that exist on that chain only, there is no risk of your transaction appearing on both chains.

I prefer to get bigger blocks without a fork, but if it's going to take a fork, it may be a good thing for Bitcoin if it can finally handle more transactions.

well i didn't said anything about being big and fail on my post, i just said that since bitcoin is decentralized it will not fall, because there will be always supporters around the world, not comparable with centralized entity

you can't kill bitcoin, if the value is destroyed to an irrecoverable point, you just begin from zero, you can always start again, that's the beauty of it it's selfsustaining

This is the problem that this chaos is going to do. I am sure it is not just him who is thinking like this. How are we suppose to prevent this panic selling.
Even the low holders can affect the value of bitcoin once they are sold.
Even those who just have a million of satoshi, if they are many it can create a bitcoin or more.
This should not end like this for you dude. Just keep looking and dont let the news of those BU or whatever comes makes you regret it in time.

I'm not getting out now, no way. Not after HODLING all the way down into the $200's.
If you can't handle the heat, get the fuck out of the kitchen.

It's not just him but to be honest I don't think the amount is significant enough to result in a collapse - Bitcoin is still pretty strong.  I think that since everyone will have some old and some new Bitcoin, whichever one ends up being successful if the hard fork happens will continue to grow, possibly even existentially if the scaling solution is good enough.

You have 40% of the hashpower supporting an admittedly buggy version of Bitcoin,
huge recent congestion, and core floating the idea of a PoW change. 
plus altcoins gaining market share.

It doesn't get much more uncertain than this.

Honestly if the price didnt crash already, i dont think it will in a big way.

Very well said mate. If you have heart attack seeing the price just below $1000 then its not for you. You better just buy alt coins instead and see if you can profit as much as you profit when you have your bitcoin. Looks like they are in a panic mode, who wouldn't? but for those you are getting out right now, just think twice before you do, because we all know that bitcoin has proven that it can recover in the long run.

People who post stuff like this want the price to drop to buy more. People who are really getting out just get their stuff and go.

Quit?  Really?  Now?  Goodluck!  It's just now getting fun! All those people who cashed out when bitcoin hit unity with the US dollar several years back are kicking themselves in the ass right now!  How do you think they felt when bitcoin hit unity with GOLD this month?  I wouldn't get out....diversify....maybe....but not get out!

I will hold my BTC forever, but if hard fork is happening, Sell and re-buy at lower price.

Anyhow, where are we on this hard fork situation, on every post here, there are comments on that it is very unlikely to happen. but again I see new posts asking about this everyday. What are the % of a hard fork coming through you guys think?

A threat is a very different thing to impending reality. This is all still uncertainty. If it becomes fact then expect an awful lot more people to run for the door.

I'm also sure that the panic around the fork is meaningless. Because of this panic, the price goes down and I do not like it. But I'm not going to sell my savings

Someone buys and someone sells, price is not important measure for BTC. When you browse archives few years before you can find almost identical questions and doubts in this forum, what is wrong here?

I think otherwise, price is important measure for BTC in traders view.  As a matter of fact, I do not care if BTC will scale or not, it is the developers job.  I am here to take advantage of the opportunity that Bitcoin gives.  I will use it or trade it as long as it benefits me.

Not me, but I don't have a hell of a lot anyway.  And I don't fully understand the drama that's going on with this whole thing,  so I wouldn't be informed enough to dump out of fear.  This might be a good time to buy, is my guess.  Bitcoin has thrived in the face of adversity before, with worse circumstances than this fork thing.

You will be able to use it and trade it only if you have in depth knowledge of bitcoin and its price trend and you will be able to gain from bitcoin only if the bitcoin excels so i think you will not be able to take the advantage of opportunity which is created by bitcoin if you don't care about the growth of bitcoin. But if you have trust in bitcoin and have better knowledge of bitcoin you will not sell bitcoin at this situation as the price don't look good this is the time to buy more bitcoins and store it so that we can trade it once its value increases again.

I don't have enough bitcoins to be worried about the situation all that much. One is certain for me: there won't ever be situation when bitcoin will become totally worthless.
When BU (or other option) eventually win I am sure that we can have peaceful transition and no hostile takeover will take place.
I expect that replay attack will be eliminated and coins will be transferred seamlessly to fit with new protocol rules.

It's all relative.  The price volatility doesn't hurt those who use the platform as a medium of exchange as much as it hurts those who use the technology as vehicle to store wealth....it goes back fourth.  The gravity of the fluctuations depend on one's perspective....that's all.