Bitcoin Forum

   Bitcoin Core Posts Hardfork is Possible August 1st.

   Well that sucks.....

   Here is the link

   https://bitcoin.org/en/alert/2017-07-12-potential-split (https://bitcoin.org/en/alert/2017-07-12-potential-split)

   Well sh*t just got real imho, if www.bitcoin.org (http://www.bitcoin.org) is giving advice on this.

   Take the poll.

I have voted for it will stay around $1900 however that level is already broke right now. We might see recovery before august when all this panic sellers will sell all of their bitcoins.

It was clear from the offset that a user activated softfork could potentially result in a hardfork, precisely because it involves removing miners from the equation and relying on non-mining full nodes and economic activity to force a change in protocol.  The assumption was that the miners would naturally follow along eventually, but the events unfolding since the "UASF" proposal was first raised seem to cast significant doubt on that assumption.  Just because the bitcoin.org website has now posted something about it, that doesn't mean it's a new and sudden development.  There's no need for this to be some sort of sensationalist "shit just got real" scenario.  That's just pouring fuel on an unnecessary fire.  

I'm pretty indifferent to what the fiat price does in the short term.  What matters is future purchasing power.  Fiat is only ever going to become weaker over the long term, so buy and hodl.

Hardfork would likely happen, but I am not sure about the pricing. Bitcoin Classic and Bitcoin Segwit would follow different paths. Segwit hardfork coins have to prove its reliability to dump bitcoin classic. Meanwhile, if there would be a problem with Segwit, it is likely that old blockchain would worth more.

FTFY.

i also agree with the rest of what you said. and for the record, this is not news. from day one it was pretty obvious that BIP148 UASF is rushed and i was against it from day 1 because it never could gain any decent support.

however i support UASF in general but a risk free one. not something that is rushed and can cause a split.

Already headed to 1700$ now. It may come near of 1000$ for a short duration but after we got segwit, only the sky is the limit.

Not worried a bit though, This is our chance buy cheap coins now. If it comes near 1k$, I'll buy a few more. If not, I'll keep holding I like always do.

It won't go that low. I believe $1600s to be the bottom. All previous dumps were relatively of the same size on the charts and proportionally 1600-1700 is showing as the great buying level. I'm not the only one that sees that, thousands of traders have their fiat waiting for a good buy opportunity, so it's not going down just to die. It's going down so people can make money when it recovers.

Nice info, bro. Thanks.

The information contained herein is not to be construed as an official statement by Bitcoin Core. Bitcoin.org and Bitcoin Core open source projects are run by separate teams.

So basically we're speculating and don't act on whatever is written here. We aren't sure of anything, don't sue us if there's no hard fork!  ;D

Well at least they are trying to inform the community.

Sub $1000 here we go. So much FUD going around, people just won't know what to do. This is why we are seeing this price dip IMO.

Not long now, couple of weeks  ;)

I voted for the price of 1500 dollars. But it is likely that due to the general hysteria we will get an even lower figure. I'm already unpleasant to look at the hysterics of many people and the price drop. Quickly this date would come

whenever FUD is at its peak, it usually shows the end of the fall is very close. because an increase in FUD shows desperation for more profit, for more cheap coins,...
i always take it as a good sign.

I'm basing my vote on the current price of BTC right now. I voted below $1750 cause possibilities right? It can suddenly go up and down.

If there is a hardfork, I think the price of Segwit/BTC is going to rise rapidly. Over time people will prefer Bitcoin Classic for Cold storage/savings and will use Segwit for micro/daily transactions.

There will be a big pump and dump initially, people trading Classic for Segwit/BTC. But after while, the price will settle at 1 Segwit/BTC = 0.1 BTC

My opinion people will lose a LOT of money in the initial pump and dump, and I would recommend HODLing your BTC until the price settles. If you look at most alt coins and ICOs, there is a huge price rise in the beginning with people trading BTC for the altcoin and the price settles much lower.

Well, might as get the word out since there's a high chance that the fork is going to happen at this point, now the only question that remains is whether or not we're going to have a peaceful transfer to the majority side of hashing power and community backing. I don't care what side that is, but the less that people whine that their side didn't win the better. Of course, that won't happen and there will be people REEing on the forum about this for months after it happens, but one can be hopeful.

I can see it was stated clearly that this is not an official statement and should not be misconstrued as such. They are basically speculations which may or may not happen. One thing I know for sure is that what will happen will definitely happen. People getting scared are the ones making the whole matter worst by dumping their coins but it is all good, after all, how will I see cheaper coins to buy right now if not for them ;D ... every disappointment is a blessing.

And what has changed since yesterday or last week that you've suddenly became so certain? Also, are you talking about a soft or a hard fork, because many people expected a soft fork months ago, and later it got confirmed when we heard about the segwit agreement. Hard fork on the other hand is still in question.
You're spreading news about a hard fork, while even people involved in this attempt at splitting the community don't know if they'll succeed. The chances of it happening aren't going up or down, because there's nothing that can impact them at this time and prices or some vague statements by devs have nothing to do with it.

im holding some and gonna put stink bids to buy the panic sells, best of both worlds  

I voted it will go below 1000 if this possible hard fork will happen. Based on the recommendations of the website in the link above it is clear that a massive disruption to bitcoin price is going to happen. They are correct when they give advice to not trade any bitcoin 24-48 hour before August 1 and then after this date to be patient and not deal any transactions before things are normal again.

Its only going to be a soft fork and nothing else, no split in the chains. FUD is being created by the investors to rise the pricr to 4000$ from 1500$ , giving them a biggest profit forever.

Surely , nothing bad is going to happen. Imagine that all the million dollars investors and million dollar hold mining farms would not let bitcoin die because of a hardfork and split. Everyone's wanna make profit and they will never make bitcoin die.

Even after we get Segwit, I don't see as a justification for the price of bitcoin to now go to the moon because there are factors that can cause the down ward trend of price other than Segwit but in real sense, we get to see some improvement and gradually we get to see price improves and will be testimony that the challenge of slow confirmation time and high fees have been successfully defeated.

And I see that justification.
Bitcoin went up by $2000 this year and that was with the rising fees and sluggish network. Why should it not go up when all those issues are resolved?
People want to invest and they want to hold Bitcoin. The reason why they're withdrawing now is uncertainty. People don't want a hard fork and they don't know how the network will take it. If all goes fine they will buy back.

That's in fact our hope but if there's going to be vulnerabilities after the hard fork then we won't take things lightly with them afterwards because we've suffered and invested in Bitcoin.