Bitcoin Forum

I think it will destroy the market for a while. Any ideas?

Well the confusion will create some panic again and people will "pause" investment decisions and some will even dump some

coins. So I expect the price to drop a little before the fork and once the confusion and panic stage has past, the price will

pick up again. We have some trigger happy speculators that are willing to dump with the smallest bit of FUD being spread

around.  >:(

I think it will be very similar to the last fork. There will be a little uncertainty in the market but generally the price should hold and hopefully continue to increase.

I dont think it going to affect the market much. I believe miners going to continue mine the most valuable chain and nothing happens like in the last fork. Actually it could mean increasing the confidence in Bitcoin and continued price increase again.

hi,

i don't think it will affect the market much, but as I feel  BTC will rise up to 6800$ margin and it will hold 6000-6500$ and go down a little bit to 5800$ and then it will rise again.   :)     

It won't destroy the market, not even close.
What we can expect is a dip in btc price, resulting in widespread panic and confusion from newcomers and the like. We can also expect a surge in the price. To be fair, there's a lot of uncertainty around the upcoming fork so it's really difficult to predict accurately what would happen during/after this event.

But if you take a look at the price right now, btc stands @6580$ on Bitstamp, that's more than 400$ increase in just 2 days, this kind of growth isn't normal and the cause of it could be a lot of things (the new chinese exchange, the CME announcement, Amazon rumours, etc) but one of them could be the next hard fork, so maybe the SegWit2x hard fork is already affecting the market.

don't worry about it, a hardfork will not affect the market too much. There is likely to be a slight dump at the end of this year, i think in this case has been no significant correction  ;)

The SegWit1x affect the market a lot, but now affect will be minimal. The Bitcoin is very stable now.

Oh I'm not even sure it'll have huge impact...
From what we saw until now, in fact the impact of shits like that are spread on the 2 months before the real action.
So it's not Fork -> consequences
It's more like Anticipation of the Fork -> consequences -> Fork

This hard fork might not be the same as the previous ones and might affect the market if not treated carefully. The segwit2x supporters want to increase the block size from 1MB to 2MB which will obviously make the split of the entire chain. In such case the people who don't have the knowledge to handle forks might lose their coins on the other chain if don't take a note of it. This fork is not going to give a protection from the replay attack and thus it depends on the individual to do the transactions with safety measures. So this might affect the market in a negative way and can create a negative impact on prices. There might also be misunderstandings and confusion related to the fork since there are supporters on both the chains.
So it is pretty difficult to say what might happen. One thing for sure is that this fork will not be similar to the previous forks.

How is this similar to the last fork? How is a hard fork similar to a soft fork other than they both have 4 letters but different meaning? How is Bitcoin VS Bitcoin the same as Bitcoin VS Bitcoin Cash or even Bitcoin VS Bitcoin Gold?

Will you buy alts before or after 2x? Thanks

I also agree with your opinion, this segwit2x problem really damages the market price because it causes some coins to be down. Segwit2x is only temporary so we should keep calm and try not to panic.