Bitcoin Forum

Now that there are going to be 4 different forks of bitcoin...

Bitcoin
Bitcoin Gold
Bitcoin Cash
B2x

What do you guys think the chances of one of the forks or even a future fork taking over the main market capitalization.  Maybe after these upcoming forks it will only strengthen bitcoin.  I think all of these forks are just cash grabs profiting off of the hype of the real beast.

Thoughts?

What do you mean B2x? This is the first time I ever heard that coin. Is that coin would be a result of another fork? I only knew bitcoin gold. Bitcoin gold or BTG is the newly forked bitcoin this October. Particularly October 25. Well in forking bitcoins, the market cap is still the same as bitcoin that is why it has the capability in getting the attention of the crowd thus climbing the coinmarket top 10.

There is a possibility but it's not likely. Seeing as how many exchanges have BTC as the default currency of trade, Even with ETH being the runner up of BTC you will notice that the markets are significantly smaller. It would take a lot of time, it's not something that would immediately come into effect after a fork so it isn't quite concerning for those who are long term investing.

I think bitcoin gold will be able to compete with bitcoin, but it still takes a very long time.
Bitcoin Gold has a superior specification in comparison to Bitcoin, this is a threat to all altcoins in the global market.

B2X is Bitcoin with Segwit2x.  I believe the fork will happen on Nov 18th.  

"During the month of November 2017, approximately 90 days after the activation of Segregated Witnesses in the Bitcoin blockchain, a block between 1MB and 2MB in size will be generated by bitcoin miners in a move to increase network capacity. At this point it is expected that more than 90% of the computational capacity that secures the bitcoin network will carry on mining on top of this large block."

We cannot remove the possibility of one of these coins will take over bitcoin however there are factors that will make that happen, first is the support of the community. Once everyone decided to use say bitcoin cash rather than bitcoin then that will change the tide, bitcoin cash may take over bitcoin but the possibility of that happening is less reason for that is because bitcoin already established its grounds. Systems are good, there is a huge support of the community, entrepreneurs and investors are continually using bitcoin to transact. There are more establishments that accept bitcoin rather than alt coins. So yeah, chance of the other coins taking over bitcoin is pretty low.

I think soo too. These segwit2xs just really seems to be only overrated schemes for profit. Specially bitcoin gold. which is pretty much a poor effort to make dollar bills as it seems to me. So over all, i think bitcoin will still remain Superior over others. Nothng beats experience amd bitcoin just has that. Not to mention its great history. I mean, who wouldn't respect bitcoin after all?
But hey, that's just me. Nothing's sure in the cryoto world anyways, so maybe or maybe not, who know?
But whatever the case I surely am still going to stick with bitcoins no matter what.

I just think and focus on bitcoin, I do not think of any other forks I'm not interested in other forks, bitcoin is the best place for me to invest, let alone bitcoin prices are always increasing, and bitcoin will still be the best.

Well the thinking here is that Bitcoin will always be the original, but if the entire community (I'd say supermajority) of the community decides that something has to be done to change Bitcoin, and they agree HEAVILY on all the specifics then the fork will takeover. I'd say it's also a given that ALL in the community support it, be it the Wallets, Exchanges, Miners, and so on and so forth. It's possible, though I just can't see it happening.


Hey if the community wants it and supports it, it'll happen. Or they'll all just go to an altcoin.

It is possible a future of fork will take over bitcoin but these upcoming forks will not.

The real Bitcoin gets stronger though with every failed fork, don't they say what doesn't kill you makes you stronger?

I think it would take a real mess up by the BTC core dev team to let a fork takeover.  Pretty much safe to say Bcash has failed already.  Bitcoin Gold is a joke, B2X is the only one I could see having a shot.  If BTC isn't overtaken by B2X then chances are it never will be surpassed, by a fork of itself atleast.  Maybe another crypto coin will come out that overtakes BTC.

For I don’t have much interest with fork coins the same way I don’t support it. I would not see a brighter “altcoin future” in this way and a result of forking. We all know what happened to bitcoin cash and this two coming fork will be the same. All are failing.

That possibility cannot ever be discounted. What we know for sure, though, is that these forks are bad for the original Bitcoin. I'm not too concerned with Bitcoin Gold as I don't think it will gain a lot of traction, but the segwit2x fork has me a little worried. It has a lot of heavyweight backers, and is a legit threat to fracture the Bitcoin community. It's a serious cause of concern when you see people asking which Bitcoin will be the real one after the fork. At the moment, if any fork can take over, it would be the segwit2x one, just as any future forks with substantial improvements can.

Segwit2x has a chance, but I consider it pretty small.

For the Segwit2x fork to become "the Bitcoin", two things would need to happen:
1) The big backers of the NYA, Coinbase and Bitpay, force their users to use the Segwit2x coins by default.
2) A large majority of the hash rate - not 60 or 70%, but 85 or 90%, changes to the Segwit2x chain and causes the "Bitcoin Core" chain to slow down until it becomes nearly useless for transactions.

So basically, if F2pool really moves out of the agreement and one - even small - pool joins them, then Segwit2x will have already a hard time.

For all the other forks scheduled for this year, I see no chance. But there are definitively future hard forks that could be successful - those that have the support from most of the Core developers, miners and the economy.

In my opinion it is very unlikely UNLESS the main core developers support it. Core has the best and brightest programmers out of any coin. No one even compares to them. Unless you have a fork with many devs that rival them (they dont exist), its not happening.

altcoins can never "take over" bitcoin, and it doesn't matter if they have the "bitcoin" name in their name.


i wouldn't count on F2pool and what they say they do. they will change their mind at any time as they please. they did the same with SegWit and again with LTC SegWit, they kept going back and forth claiming that they were attacked because of supporting something or not.
small ones are also always fear and try to stay neutral.

These spawns from will always be treated as alternative coins for me. Unlikely to take over from the original. They even have to overtake the old alts like etherium i think. But btc will always be the top dog among crypto for a long time

Oh man still two more forks I still not aware about b2x which will be happening on November 18 th . After seeing thread I started searching on b2x lots of article saying it supposed to happen on November 18th so after this two coin altcoins will fails for month or more for sure now am thinking to hold my altcoin portfolio or sell all and invest on bitcoin so I might get 2 fork coins. Which may recover my loss.

Never say never. The word altcoin itself is an illusion. It is like saying every other website other than Google is an "altsite" because Google is the most popular. Guess what? Google was not even popular until after 2000. During the dotcom bubble, Yahoo was the biggest company. Google only cam along around 2000-2002 and has been growing ever since. Does this mean Google is an "altsite" to Yahoo? I don't think so. There are many coins and tokens coming out with better tech than BTC. It is only a matter of time before something surpasses it. When will this be? God knows, but it is more likely to happen then not.

I don't believe that any of those forks can overtake bitcoin. None of them solves the current problems namely scaling and fees for smaller transactions in a sufficiently good way.

The fork of Bitcoin will only take over if the people using Bitcoin comes to a mutual agreement to use Bitcoin as it is.
Until there are groups of people who wants BTC to work according to only them there will be forks going on every now and then.
If people stop splitting the chains there will not be any fork happening. As simple as that.

You may be right. But even if they continue to support Segwit2x for a while after the fork date: I suppose that F2Pool could be one of the first pools to retract its decision if anything does not seem to go well.

I think they are a strictly profit-oriented pool without any ("big" or "small blocker") ideology - so if e.g. a smaller pool switches back to Core and enables "usable" block times (significantly less than one hour) again, or if BitPay and Coinbase turn to support again the Core chain fully, then Wang Chun could rapidly change back to the good ol' Bitcoin Core chain.

That may be also valid for other not-Bigblocker pools - they could switch back on the first sign that the Core chain could be the most profitable.

Naturally bitkoin develops and will continue to do this, because more and more people are interested in it and invest their money in it. I'm still a very young investor and do not consider other forks, I just invest money in bitcoin and watch its growth. And I'm more than happy with everything.

This looks nice idea. Why before nobody made this?

I think the reason behind the fork is not to replace or overtake bitcoin in the market what's just happening is a sort of diversification we all know for a fact that we only have limited supply of bitcoin in the circulation so I think since the demand is increasing rapidly the supply can no longer sustain for it that is why they need to introduce another coin in the market.

I agree with you, that under the current circumstances no fork can overtake BTC as the original coin. However, if something goes wrong with BTC, it still might be a possibility.
For instance, if the upcoming fork in November BTC/Segwit2x somehow for any reason breaks the blockchain of both coins and makes it unavailable (very unlikely, but who knows) and all miners swith to another coin, a possible "successor" could be BCC or BTG.

If there is one thing I've learned from crypto currencies: anything is possible.  The strange part is that for all the debate between battling devs and miners and everyone else over the future of bitcoin, it seems it is the exchanges that wield the most naming power.  They have the ability to decide which forks get traded under which names.  They control the branding that anyone coming to buy their first bitcoin sees.  This could become a bigger issue if the exchanges become more centralized.  Imagine if one exchange came to dominate all the others, and some core or big block fanatic owned it.  They would hold immense power over bitcoin's future.

No a fork of Bitcoin will never take over because there only there for speculative purposes and have no long term value. The best devs in the world want to build on the Bitcoin network.

Who knows but it is always good to have competition cause one wrong false from the main or fork coins will lose all their market capitalization/investors. Maybe this forks are somehow good for bitcoin cause it might just boost bitcoin's price value cause thw i look at it people trust bitcoin more than bitcoin cash, bitcoin gold or b2x but one wrong move from the original btc like centralization might triggered its investors to move to the forks coins.

I think bitcoin gold will be able to compete with bitcoin, but it still takes a very long time.There is a possibility but it's not likely. Seeing as how many exchanges have BTC as the default currency of trade, Even with ETH being the runner up of BTC you will notice that the markets are significantly smaller.

Bitcoin Gold has nothing special about it. It will never compete with bitcoin.

I will agree with you. These forks will never become as great as Bitcoin is. Besides, in 2018 new BTC forks will appear, but I do not think they will affect Bitcoin much. Suppose that BTC price will even grow due these new coins.

I have the same question , what was the purpose of bitcoin cash and bitcoin gold if they have no use for regular users??

The chances are EXTREMELY thin. But they do exist.

IMO, bitcoin cash is the one that is primed for the take over. They attempted to do it back in Dec. It is a protocol that is just more prepared for commerce and transactions.