Bitcoin Forum

Good day! I remembered a few months ago before the first hard fork that the people are in panic because of it but now, I can see that most of us are confident and excited about the upcoming 2nd fork.

What do you think will be the pros and cons of the upcoming fork? Do you know which exchange sites and online wallets support it?

I still ask like you, waiting for the right information here or in other media. there is no clarity that fork this time will create a new coin or not.

When bitcoin was forking on august people were not quite sure about the price of forked coin so they thought it will just destroy bitcoin but after the fork both bitcoin's and bitcoin cash's prices rose significantly and the one who were holding bitcoin at the time of fork got good amount as free money..

Now people are speculating samething for bitcoin gold which I am not quite confident about. People are buying bitcoin to get those free bitcoin gold which they can sell when listed. I am expecting correction bitcoin's price soon.

This fork will be making a new coin, though I simply can't see it as making a dent in trading even 1/100th of the size as Bitcoin Cash. But this is going to be making a new coin, known as Bitcoin Gold.

So, if you want to get off the network before this happens then so be it, but I don't think this is going to be as much of an issue as Bitcoin Cash was at the time (even though it didn't turn out to be an issue)

Hold both, free money.

There is info about Bitcoin Gold supposed hard fork that is happening October 25th?

https://news.bitcoin.com/another-bitcoin-fork-bitcoin-gold-project-plans-to-fork-bitcoin-next-month/

I am not sure how real it is as I didn't even know  about it until yesterday.. We have another HF coming up in Nov for Segwit2x too... So This will be interesting!

this upcoming hard fork is a joke (Bitcoin Gold on October 25) and most people don't even know about it. it is mainly to create an altcoin. and this one is completely an obvious attempt at that. the previous one (BCH) was hard at work to say otherwise although doing the same so the drama about it was also more.

there is also the fact that no bitcoin miner (meaning current miners with their ASICs) can not mine BTG apparently so there is no drama on that front either!

On the first hardfork some people commented on others saying it was possible to lose bitcoins while others were safe saying that they would save bitcoins and put on wallets holding the private keys or else I would be withdrawn. But the real thing is to hold bitcoins to receive free BCC. So now people have been enlightened about what will happen to their Bitcoins when hardforks are already selling them because they hope to receive Free BTG on 2nd Hardfork.

There are many misconceptions that occurred during the first hardfork so many people were scared and forced to withdraw their bitcoins. And now they're mistaken 2nd Hardfork has enlightened them and bought bitcoins to also receive free coins to build on 2nd hardfork. So they keep in mind that exchangers who will receive BTG will see me as Coinomi, Bittrex, Paper wallet and more

The fact that Bitcoin Gold tries to do something different by using equihash, and doing it properly by clearly stating they aren't Bitcoin (BTC) but Bitcoin Gold (BTG) and adds proper replay protection, makes it an honest hardfork.

Meanwhile Segwit2x attempts to takeover BTC by using bribed miners and corporations that host big wallets and pretend their users agree with their decision when they don't even understand anything, not to mention segwit2x dev is an obvious government puppet and the code sucks.

This upcoming hard fork is the coin called bitcoin gold, I think that is the reason why the price right now is skyrocketing again, and if the hard fork will happen on October 25, the price will going to experience a huge drop again, and the price of bitcoin is going to retrace again to go back on its track. We don't have to panic though, we just have to hold our bitcoins and wait for another huge PUMP.

Most people are happy and confident because they think the 2 upcoming forks(bitcoin gold, possibly segwit2x) are just "free money"; thinking the same exact thing would happen like in the past with BitcoinCash(BCH). Unfortunately the more sort of "factions" or "sides" bitcoin has, the more bitcoin is becoming centralized, which is really bad in my opinion. Unfortunately though(again), it's pretty likely that there are gonna be more disagreements in the future, hence more bitcoin hardforks.

Just use whatever wallet of choice as long as you have access to your private keys. That's it and you're good to go.

.... and at the same time having a huge amount of coins premined makes it a very dishonest fork.

in any case i am very interested to see how this is going to work though. i really hope it gains some traction for the sake of its mining, i love to see how they will handle things in the future, for example will it remain GPU mineable. some people say there is nothing called "ASIC resistance" and they suggest adding deadlines now for change of mining algorithms to prevent it.

Coinpayments are accepting the 2nd fork and making way towards creating and integrating their present wallet with the new technology that is about to emerge from the fork 2.
Well people are happy because many wants to invest in Bitcoin gold and they are waiting eagerly for the 2nd fork to launch because then .. only bitcoin gold is going to be launched also the current speculation that the price of bitcoins will increase with 2nd fork has made people very eager to wait for the upcoming shoot in price.
Also whenever a new thing is launched people are obviously gonna get scared but when they know its for their own good then they tend to be happy thats why people are happy rather than scared.

it is too soon to say people are panicking or not about SegWit2x fork because it is a bit far away. and there have been a lot of other things going on with bitcoin like the recent big dip. and after a dip like that there should be a big rise like this.

additionally when something is not happening for the first time, people get used to it. this is the second one with at least 10 similar incidents with same drama (like bitcoin unlimited threat back in start of this year).

The community is divided into 2 parts one which support the fork and says that it is good and others who oppose it and say that it is a joke.
But until the fork happens I am not moving a single satoshi from my bitcoin wallet as who doesn't want to earn free money by keeping your bitcoins with yourself.

Most altcoins get to claim they're ASIC-resistant because it's simply not worth the hardware manufacturers' time or money to develop a chip specifically for an algorithm for coins where the market cap doesn't even appear on the radar.  If BTG is somehow a success, the ASIC resistance won't last long and they'll have to switch algo more often.  If no one gives a shit about BTG, it can claim ASIC resistance for the rest of all time, heh.

And the 1600 block (20000 BTG) premine probably doesn't get them off to the best start in terms of people actually using the coin long term and developing an economy around it.  So they can probably claim ASIC resistance for quite a while.    ::)

You have to be specific, because there are two forks coming up. Bitcoin Gold & SegWit2x ..I think people underestimate the Bitcoin Gold fork, because it will not be ready for full implementation on the day of the fork. Most wallets and exchanges will not support it.

SegWit2x on the other hand, is more of a risk and I am not looking forward to that. This one might do some damage, if you listen to all the rumours going around.

We have been into Bitcoin Cash fork so i guess there's no need to panic anymore. Bitcoin Gold, another hard fork isn't that much to fear i guess. We just have to wait for details on how to access on our Bitcoin Gold  if you are holding bitcoin on your own wallet. Also if we have our bitcoins on an exchange we wait for the exchange to announce and will likely credit us with our Bitcoin Gold eventually.

Well, one of the many advantages is that we would be receiving our own share of BitcoinGold equivalent (in number and not in value) to the Bitcoin we are holding. I am sure that just what happened with BitcoinCash people would be happy and then they would dump the said altcoin to get converted to Bitcoin. It is then an opportunity to make some free money...almost akin to money from thin air.

One thing we see is that the market has already learned the many lessons we got last August 1. People now are not anymore panicking instead they are converting their altcoins to Bitcoin in anticipation of the airdrop...this is actually one of the big reasons why Bitcoin is surging right now. Fork is not anymore scary and is now in fact a welcome news.

Would it be possible that the market is now getting matured (not anymore easily swayed by baseless FUDs)?

I can only see pros since the upcoming fork means bitcoin isleaving its non mainstreamd blockchain and the new one being equipped with technology that will to integrate several updated to Bitcoin that will enable it to compete in the mainstream payments.  I do not consider have a minor change a disadvantage because, supporters can just leave it as that, the same thing developer is doing once a fork is done. 

So basically if enough exchanges pick it up we get another stash of free altcoins?

Pretty sweet deal if you ask me. BCH gave me a nice bonus check, could use another one!

I personally don't see any need why there should be so many forks in one year. This might result in destroying the real bitcoin after a few years. I am not even excited or confident about this upcoming fork. Currently a lot of investors are dumping their altcoins for bitcoin, so that they can be able to claim as many bitcoin gold as they can.

However, I just feel like they are going to end up regretting, since they are not even aware how much 1 bitcoin gold will be worth, what if its worth lesser? and you have have already sold your altcoins for a loss.

Yes I agree with you,  ,before the november fork, many people are convinced that bitcoin prices will soar. .I am happy with this situation and many people are profitable.And just can not wait for the bitcoin gold to be born ..

Well it seems hardfork this time does not cause extraordinary panic in the market, and now the price is soaring, I look forward to the presence of new coins from BTC, because it will be a new investment for us.

I think we wont see any of the scheduled forks.

Bitcoin Gold is an obvious shady alt scam and Segwit2x seems to be very shaky and wont take place if more companies back down. All in all, nice additional promotion for crypto and Bitcoin but there is only one irreplaceable BTC.

Last time before the upcoming hard fork bitcoin value drops that is why many experience panic selling because they are afraid of losing so much in bitcoin investment but this time the other thing around happens the value of bitcoin goes up and may seems that it will no longer affect by any hard fork anymore.

Of course, is a large number of Buy Bitcoat waiting for bifurcation, bifurcation after all sold to get a fortune, I believe that not only I alone have this idea, although this is in terms of Bit Coin is a kind of injury.

People learn from the previous fork. People buy and store their bitcoin to get free bitcoin gold which will occur after the fork. Imo, the demand of bitcoin has been increased recently because of it. Free money always attract more people to come in!

100% agree with you.

What ever happens guys, just keep holding your BTCs, nothing is ever going to overtake it.