Bitcoin Forum

Ok, so yesterday, July 16, SegWit2x support was 87.7%. Today it has increase to 88.2% and keeps growing.

https://coin.dance/blocks

Still I see tons of people crying about potential fork. Cmmon people, we all know by the end of this week SegWit2x support s probably going to go over 95%. Why do you buy that FUD about Bitcoin fork?
Regardless what you think about this Bitcoin core vs Miners debate, do you really think a fork supported by 3-4% of the miners is a sustainable Bitcoin chain?

As usual, panic makes weak hands sell and they lose money. The purpose of this thread is make people think twice before they sell coins they purchased at a premium. Dont let be manipulated by pumpers&dumpers and do not let panic gets you.

Dont let pointless panic redistributes your money from impatient to more patient traders, as Mr. Buffett would say.

First coin.dance should fix stuff like this.
Or pools should stop trolling

476203   0x20000010   AntPool   +D'Mined by AntPool bj8/EB1/AD6/NYA/) Ylmm`SxHe_cvh$4]UV /
   Yes   Yes   No
476201   0x20000000   AntPool   )DMined by AntPool usa0 7!b Ylqci   No   No   No

Secondary 99% people know that nothing catastrophic will happen Aug 1st.
The price probably won't budge a cent.
Just like it happened with the reward halving.

But otherwise the markets would be sooooo boring without action would they?
Who would trade in a flat market?

The bitcoin environment is like a tabloid. It needs scandal, fud, war.....attention.

Many people cry because they're afraid of evolution and change. That's something we saw in the last few months from people from several "camps". Although comprehensible it's sad to see people taking things to the extreme.

The smaller chain is obviously not good for anyone.

There is nothing good about objectively inferior software. They pretend to fire the developers that developed 99% of the code, then they add anti-privacy shit on it and plan to rush a hardfork. They are a bunch of amateurs.

Also, INTENTION of mining x chain doesn't mean actually mining it. A lot of people signaling for the segwit2x crap just want to get segwit, then they will opt out of the software and of the hardfork for their own safety.

What were they doing before? they was simply signaling and now they are going to enter the activation periods? Bitmain tweeted this a few hours ago:

https://i.imgur.com/kGZ17ia.png

I too agree bitcoin is like tabloid There should be changes speculation and attention mainly other wise it will be flat and there will not be any profit n ow wise man take wise decision if he knows the market.

it was not signalling before, it was just showing support. like saying we promise to support it when the time comes.

but now they are really supporting it. it means based on code and what is legit not just talk. and that is shown with the version part thing in their blocks they mine. and that counts towards activation of SegWit not the previous promise.
and besides the code became ready today.

as i said before LTC was the testing ground for SegWit, they not only tested what SegWit does but also they planned how to FUD with it and make millions from the swings. they did the exact same thing with LTC and made millions.

Great post, I have no idea why people have been panic selling. It's ridiculous, throwing away precious bitcoin's for chump change.

I have nothing against occasional price swings, after all this is how traders make money. I do have a line which I think should not be crossed. That line is when FUD and corresponding market response starts affecting credibility of Bitcoin. Cause reputation s so hard to build and so easy to destroy.

I also think nothing major will happen but people, especially new investors, will lose a lot of money and they will not come back to crypto for a long time. If d have to choose between these users and speculators, well, the choice d be easy.

There was never going to be support for Segwit2X that is less than 90%...The highest %signalling 2X has had is 92%. Come Aug 01, it will even be higher.

It is easy enough to see if Bitmain is following through on their promise. They have to switch over to the btc1 client (https://github.com/btc1/bitcoin/releases/tag/v1.14.3) and you can see btc1 nodes at bitnodes signaling either Satoshi:1.14.3 (https://bitnodes.21.co/nodes/?q=Satoshi:1.14.3) or Satoshi:1.14.4.

It's not like BTC has a reputation for having a stable price and that it's suddenly vanishing.  Even this kind of crazy volatility is normal, and the public who know about BTC believe that too.
If they jumped in purely out of speculation from the price rises, and they were never prepared to hold for a long time, good riddance to them.  BTC doesn't need those trigger friendly puppies who don't give a shit about how BTC is actually developing.
They don't care about the fork.  They're either here to try and win credibility points for insulting Bitcoin Unlimited, because they don't understand what the fork actually is (these are the people that sell), or they're here to win credibility points for insulting chain splits in general and feeling like they're the voice of reason and unity.

Side note - SegWitx2 only requires 80% support from hash rate.  The previous threshold of 95% isn't necessary for this.

Halving event - Fud spreads, panic follows, people sell... I make huge profits buying cheap coins.
SEC event - Fud spreads, panic follows, people sell... I make huge profits buying cheap coins.
1 Aug event - Fud spreads, panic follows, people sell... I make huge profits buying cheap coins.

We just adapt to the situation and we buy the cheap coins, when the newbies fall for this. There is nothing wrong with that. Most of us warn them

in advance and they still fall for this nonsense. Go ahead and warn them, they will not listen... it is easier to run.  ;D

Miner support is not the same as user support. Segwit2x is an attempt to replace Core with one person and centralize Bitcoin around miners, who will have control over code development and nodes later in the future. That's a very valid concerns for people who are actually passionate about Bitcoin, as opposed to those who just see Bitcoin as a method to get more fiat.

Speculative market are not necessarily the finality either :)

People behind core have code their personal interests to stay in control of BTC code the same way as miners. On the other hand, do you really want to say that average Joe who invested money in 0.2 BTC should be the one calling shoots as opposed to large miners farm owner who s got millions at stake. In what other industry on the face of the planet average Joe s one who calls the shoots? Nowhere. Why? Cause it simply does not work. 101 millions average Joe have got 101 ideas of how BTC should be developed, governed and scaled.

I d choose profit induced problem solving, decision making and stability over fake democracy any day.

miners have never ran clients provided to them, they have always been running a self modified code.
and that Satoshi:1.14.3 thing is just a string that can you change and tell the network as your user agent. you may very well be running anything. this means they don't switch, they just modify their code (merge the changes in their code).

and besides who cares what the F.ing client they run, all that matters is the blocks they mine.

You forgot that most of the people, especially here, just repeat like a parrot what they read 2 hours back. Often without knowing what they are talking about. Yesterday I asked for fun to a guy who loves to speak about Segwit, etc, "What is a fork?" He couldn't give a simple answer :D You can test it yourself with your friends here. Make 10-20 posts saying Bitcoin will go below 1000$. The next day most of the people will repeat "Bitcoin will go below $1000" and add their twist "Better you sell now"... One week after, you will then see those same people posting "Nothing will happen, we all know that"  :D

All miners switch to SegWit2x eventually, otherwise their blocks would be orphaned by other miners. At this point I see SegWit2x is guaranteed to happen. And its nice finally some kind of scalling agreement is honoured.

Thanks for the link. The reason people cry and fud is that they do not have information of what is going on and where bitcoin is heading. Links like these will let people know exactly what is going to happen and thus this will bring positive energy to bitcoins.

BIP91 is now listed at coin.dance

lets see how big it climbs (only started a few hours ago)

Gud thread. I agree the FUD has to stop. Use this as a buying opportunity to fill your bag hodlall. 

I totally agree, hope everything goes smooth

Chinese pools and Bitfury started signaling BIP91 today in order to get SegWit locked in as soon as possible. You can see the holdouts at https://www.xbt.eu/

Segwit2x is garbage that doesn't do a damn thing for scale. http://bitcoinabc.org is what the majority of us signed up for.

31% in the last 24 hours already?
Let me grab some popcorn and enjoy the show

Are there any chances we might get another version of god knows what bip before Aug 1st?
As this looks to be going far to well compared to how things usually go in bitcoinland.


The majority being... you?

I'm with you man. I always told myself since the news came out that it will split the bitcoin badly. With the current rate of supporter I don't think either that it will affect the blockchain by any means. With that belief I also saved up many bitcoins and bought new when the price was so less which is still less for new investors looking for an opportunity. I'm still more than happy that this scene happened as it gave me chance to buy more bitcoin and invest for future projects. :-)

+1 to this attitude. Instead of seeing a crash, people should see an opportunity not only in BTC but also in alts. This kind of buy low opportunity takes place once every 3-4 years.

Finally a good post and much needed one. It would be good if you gave a piece of advice to all of us here not pay any heed to posts creating or contributing in the creation of FUD. I think nothing has harmed bitcoin so much as all this unnecessary fud and panic being created by a few noobs.

 
 ;D
Finally someone who is actually in touch with current news.
Guys bitcoin is going to fork by Aug 1 into two seperate chains: BTC and BCC
Bitcoinabc is launching their coin named BCC(Bitcoin cash) by August one whether miners want the coin or not.
Viabtc has already announced it's going to mine and trade BCC.
.
.
.
Everyone buckle up for some action... the fork is definitely taking place!! Ha ha ha :D


By the way I'm a biiig fan of BCC and don't like segwit2x one tiny bit.

The Bitcoin Scaling Countdown: Miners Begin Running Segwit2x Software

Miners Begin Running the New Segwit2x Software

As the price of bitcoin dropped to new lows this weekend, some bitcoin proponents were patiently waiting for the promised BTC1 software. Now it seems in a short period of time the bitcoin ‘community’ may see the protocol Segregated Witness (Segwit) activated as the mining community has begun to signal BIP91. The proposal BIP91 is a combination of Segwit2x and BIP148. The version 1.14.4 code has been pushed to the repository by the Segwit2x working group, and a few mining pools have already started running the protocol.

https://news.bitcoin.com/bitcoin-scaling-countdown-miners-segwit2x-software/

And so it began...

But at the same time those that will leave bitcoin for its price swings are not ready for bitcoin at all, bitcoin moves a lot more than the traditional markets so people need to be ready fort that.

Looks the Bitcoin already got the positive energy on this day, The price of bitcoin it bumps again. I will believe a lot of the support for the segwit2x. The BIP91 already listed on the coin.dance/blocks I will expecting the fast growth of the chart. The more support will come asap. HODL can be a good reason for us to keep our bitcoin.  ::) FUD will cry as fast as possible.

88.6% right now

haha, FUD is like part and parcel of bitcoin now. and it seems like there is nothing changing that for years to come.
you have to be more like Dr. Strangelove: or How I Learned to Stop Worrying and Love FUD (https://bitcointalk.org/index.php?topic=1784749.0)
I will soon update that thing with the new chart showing this new FUD mania.
and it is funny how the last post (screenshot) I made in there was for a split FUD :D

Hahaha finally got the news that Bitmain is also in, those girls finally sorted their drama and it's good for the community, it's always the same story the hard folk is not coming the best buying opportunity is now before it shoots ups to never come down. Wonder how many made a loss and sold their coins, put your hands up and hit the buy button cause you won't get a chance again. Let the bull run begin again.

The problem is the node counts for btc1 at bitnodes do not agree with BIP91 signaling at https://www.xbt.eu/

I think miners are just signaling for BIP91 but have not changed their production client.

I agree with you, a split would be bad for everyone, so everyone want's no split. Therefore we don't have to be afraid of august 1

I even bought some coins as I think the price will rise.

Just look at that stats, more than 600 blocks are in favour of segwit2x pool and it is still growing day by day. Thanks for sharing this analysis as it made me sure about my recent bitcoin purchases as well as more bitcoins that are going to be mine very soon. Lols. I mean this hard fork would be just blow wind which will disperse in the atmosphere in no time and we are again ready to get those profits we are waiting for.

No need to thank me, I just wanted to stop this FUD which brings good to noone but speculators.

As we can see, miners have already started signaling SegWit2x SUPPORT and not only intention to support. This means we might have SegWit2x locked in before the end of this week. After that, there s really no need to consider any further instability cause Bitcoin will be overcoming one more major obstacle.

crazyivan and Hui8

Things DO seem to be looking up (BTC problems getting resolved).  There is, after all, huge amounts of money at stake, and I would guess that most major players would NOT want their $-value of Bitcoin to go down sharply because of disagreements that could be worked out.

Maybe the problem is solving itself.  The $2200 (or so) BTC price seems to show more confidence in BTC than three or so days ago.

All the FUD happens as investors would like to buy for as low of a price as possible and would want to make as much profit as possible in the lowest amount of time. I honestly do not believe that there should be any panic around the August 1 'crisis' as it very well cannot be described as crisis in the first place. Everything  should go fine without any FUD needed. ITS NOT HELPING!

Yeah it was pretty obvious this was going to happen from the start, I guess people just like spreading FUD in general.

Those that read and act on that FUD lose money. I know there re tons of people now here who sold at 1850 scratching their hands asking WTF happened? It s simple, DONT SELL when market s down. Simply DONT sell.

I told everyone to buy when price got close to weekly 20 MA hope a few listened to me and are in profit now:)

Actually I do follow your portal, good stuff my friend, Lots of useful guides and great suggestions. Keep up the good work.

How is it possible there re so many lazy and ignorant people here. After 2 weeks of explanations of what SegWit2x is and what does it take for it to get implemented, people still come here spreading FUD about the fork and when will that take place.

FFS, there will ne NO FORK, read a bit. It s all just smart attempt to make you sell your coins cheap. Dont be an idiot.

It's a little too early to say with absolute certainty that there won't be a fork.  SegWit2x is ever so slightly short of the mark to achieve a lock-in at the moment for this particular signalling period.  Some miners seem to be switching their support around for different proposals.  There's still a small possibility (and I mean *small*) of UASF activating on August 1st if the miners don't achieve the lock-in, but there is time for another few attempts before the end of the month if BIP91 doesn't reach its goal in this 336 blocks period.  I haven't done the math, but I'm thinking they get at least 2 or 3 more tries before the 1st August if this one fails.  

To be as factual as possible, it's highly likely a significant fork will be avoided (although technically, there will almost certainly be minor and insignificant forks for any miners still refusing to recognise SegWit when the times comes, but those are safe to ignore if you aren't one of those miners).

But you're absolutely correct in that it wouldn't be a smart move to start panic selling just because of the hype and FUD around all this.  Cooler heads prevail and such.


//EDIT:  And a few hours later, BIP91 is back on track to achieve a lock-in.

@crazyivan, it is entirely possible that Bitmain may fork off to Bitcoin ABC regardless of BIP91 lock in. They have said they will not, but they may break that promise. Just because they can.

Bitmain guys might change their mind. Earlier, no one thought that the BIP 91 could be locked in so soon. But that is going to happen, and along with it a lot of people are going to change their stance.

I would not count on that, WU and the gang hold too many BTC just to destroy it cause they can.

I understand the position of people not wanting miners control the code but up to now we ve had BTC core control the code. What s the difference? They all have their own interests and this is the weakness of decentralization. There need to be some kind of mechanism which makes decisions. Consensus of all involved parties NEVER takes place.

Well yes I hope that Bitcoin ABC does not happen. Bitmain seems to use ViaBTC for an experimental test bed and Via is pushing Bitcoin ABC cloud mining (https://medium.com/@ViaBTC/statement-on-bitcoin-user-activated-hard-fork-6e7aebb67e67) on presale July 22.

They won't destroy bitcoin because that is what earns them the most money. They aren't rich enough to risk their fortunes. In fact the rise in price today is just going to reinforce their wish to pursue BIP91.

Ok, as I ve stated a few days ago, SegWit is locked in, it will be activated in 300 blocks and the sky has not fallen on our heads. Where re now FUDders to cry about Bitcoin doomsday?

I guess they sold their coins at $1830.

Now the same panic will move to alts with the same result. 

Yup. If anyone empltied their bags in panic on the way down I'd consider cutting your loses, learn from the lesson, and buy back your bags. This price is only a temporary respite before we activate SegWit and cross $3000 for good.

More money people have, more careful they are, it is normal. Everyone just counts their risks. No doubt if you had 1mil$ in bitcoins, that you will be scary of HardFork  ;D

Because there's still a chance. Maybe much much less, but there's still a chance. I personally believe that there is still a possibility of a catastrophic split, so I'm not going to transact anything until the all clear from trustworthy sources.

I have a decent amount of BTC and I don't want to get too cocky with it.

I dont think there s a chance, it would be very, very unprofitable for pools not to signal SegWit2x. As I expected, the support s growing, now it s almost 91%. So why dont these supporters of split stay and mine their own fork? Cause it s a stupid idea and it would generate losses for them.

Money is a great motivator, it surpasses all differences of opinions.

Money, money, money.  Yes, that's what brought the players together for now.  Even the miners want to keep BTC price high, and that means just one Bitcoin.

Sure, they'll probably try again (Nov/Dec), but for now SegWit2x is looking pretty good.  Let's hope the software has no surprise bugs.

$2770 current price suggests that many people are confident.

Among users of bitcoin are very few ideological people. All interested in money. And this ensures that no problems with the bitcoin after the "judgment day" will not. Nobody wants to lose their investment in bitcoin. It makes me happy.

Exchangers Position:
https://poloniex.com/press-releases/2017.03.17-Hard-Fork/
https://www.okcoin.com/t-423.html

Hahaha. It does have the advantages and disadvantages of each, because all human-made will never be perfect only God could create something perfect. But indeed if we cannot think well on the matter or issue it is possible that losses can be obtained. but as you say, that this is an opportunity that very steps or provide many advantages to all investors who already have a fairly good knowledge in the bitcoin.
 

Finally BIP 91 has been locked in with 95.1% support. It gives shutup call to all the FUDs. As i trusted, bitcoin will always be a single chain and the best crypto currency of the world. Also i feel sad for those who sold their bitcoins between 1900 to 2500$ thinking bitcoin will die or at-least loss in value, but it was just a temporary dump due to some panic which was created.

Yes finally BIP91 has locked in. These next few weeks are going to be fun, this period is one of the most significant time in bitcoin's history. If everything goes well in few months we may say goodbye to 4 digits Prices  :D

Still I see tons of people crying about potential fork. Cmmon people, we all know by the end of this week SegWit2x support s probably going to go over 95%. Why do you buy that FUD about Bitcoin fork..But otherwise the markets would be sooooo boring without action would they?....Who would trade in a flat market?Many people cry because they're afraid of evolution and change. That's something we saw in the last few months from people from several "camps". Although comprehensible it's sad to see people taking things to the extreme.

Not entirely sure why you've bumped this particular thread.  BIP91 was indeed activated, but the "2x" part was not (unless you count the scummy thieves that stole the name and made a completely different and unrelated fork that nobody cared about in the slightest).  There's no 2x support anymore, so it's best if we don't cause confusion by bumping old topics about it.

SegWit usage is increasing, though.  That's the main point.