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Title: You're CrAzY if you don't sell before the hard fork. Post by: thms on February 10, 2015, 10:51:56 PM Think about it, a hard fork can influence the BTC price in only two directions:
1) everything runs fine and bitcoin price will continue to vary sideways. 2) the hard fork causes problems and BTC price plummets down to zero So you see it's either sideways or rock bottom! There's no possible scenario where the hard fork will pump BTC price. It's not like people will think "omg block size increased, let's all buy bitcoin!". So if you sell now, you're protected from a rock bottom price drop. If the transition runs smoothly, you can buy back in later. Sell now to protect you against the remote possibility of the fork ruining bitcoin. Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: Ultros on February 10, 2015, 10:57:01 PM Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: fonzie on February 10, 2015, 11:00:48 PM Think about it, a hard fork can influence the BTC price in only two directions: 1) everything runs fine and bitcoin price will continue to vary sideways. 2) the hard fork causes problems and BTC price plummets down to zero So you see it's either sideways or rock bottom! There's no possible scenario where the hard fork will pump BTC price. It's not like people will think "omg block size increased, let's all buy bitcoin!". So if you sell now, you're protected from a rock bottom price drop. If the transition runs smoothly, you can buy back in later. Sell now to protect you against the remote possibility of the fork ruining bitcoin. Have they already agreed about a date at which the hardfork will be executed? Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: Silent Sam on February 10, 2015, 11:01:31 PM Cute thread bro.
Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: HalFinneysBrain on February 10, 2015, 11:04:43 PM It used to be that almost everyone was permabulls, and they could not conceive on any possibility which would cause Bitcoin to go below $X. (Where X was 500, and then 400, and then 300, and then 200)...
They were wrong. Now the opposite is the case for many of us, as exemplified by this thread. Look at the logic: "There are only two things that could possibly happen: Bitcoin will stay at the same price, or Bitcoin will go down". In reality, the price might go up or down at the fork. Everyone who has said "Bitcoin will never do X" has pretty much been proven wrong throughout its history. Both the bulls and the bears. Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: M28MmickT on February 10, 2015, 11:07:12 PM You maybe right but when is the fork!?
Does any of us know is there a date? Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: gentlemand on February 10, 2015, 11:10:33 PM You maybe right but when is the fork!? Does any of us know is there a date? It's being discussed and debated at present. It's a long way from being a dead cert but something will eventually need to be done. Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: gothsurf on February 10, 2015, 11:12:29 PM I thought the idea was that the hard fork would only happen once a certain percentage of miners are running the new code, not on a specific date
Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: PolarPoint on February 10, 2015, 11:12:49 PM The fork to increase maximum block size is advantageous to the miner and pools, and transparent to the users. There will not be a split among the community. The only problem is bugs. If it is well tested, there is not much to worry about, price isn't going to swing much.
Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: uki on February 10, 2015, 11:26:17 PM The fork to increase maximum block size is advantageous to the miner and pools, and transparent to the users. There will not be a split among the community. The only problem is bugs. If it is well tested, there is not much to worry about, price isn't going to swing much. still, if this event (fork) occurs, it may be played both to the upside and to the downside, depending on what pleases more in that given moment. No matter how transparent the whole process is. As little as few tweets, may ignite the panic buy/sell. Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: fonzie on February 10, 2015, 11:35:31 PM The fork to increase maximum block size is advantageous to the miner and pools, and transparent to the users. There will not be a split among the community. The only problem is bugs. If it is well tested, there is not much to worry about, price isn't going to swing much. still, if this event (fork) occurs, it may be played both to the upside and to the downside, depending on what pleases more in that given moment. No matter how transparent the whole process is. As little as few tweets, may ignite the panic buy/sell. Note to my myself: Make a few twitter clone accounts from the involved devs... :D Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: Omikifuse on February 10, 2015, 11:46:12 PM BTC survived the last hard forks and even bubbled.
Can't see why this time will be different Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: relm9 on February 10, 2015, 11:52:14 PM So you see it's either sideways or rock bottom! There's no possible scenario where the hard fork will pump BTC price. It's not like people will think "omg block size increased, let's all buy bitcoin!". So maybe that's exactly why it will go up. People like you thinking there's no possible way the price will rise after a successful fork. Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: byronbb on February 11, 2015, 01:32:16 AM So you see it's either sideways or rock bottom! There's no possible scenario where the hard fork will pump BTC price. It's not like people will think "omg block size increased, let's all buy bitcoin!". So maybe that's exactly why it will go up. People like you thinking there's no possible way the price will rise after a successful fork. Yup. Good spot for a short-squeeze. Just go on IRC and listen to the devs talking, they will let you know if something is wrong. Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: lophie on February 11, 2015, 03:42:32 AM Hard forks happened before, Unanticipated and way more scary but the price was not affected at all. Know your crypto history.
Do you also know that there was a successful double spend worth over ten thousands dollars in Bitcoin on such a fork? IT did not affect the price because the guy informed them about it and resent the money. Hell I personally was double spent by gox! But they resent me the Bitcoins later on. So dude, why would it be any different this time? Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: thms on February 11, 2015, 04:00:50 AM So dude, why would it be any different this time? This time is different because there is much more hostility between the devs now. And now there are many more blackhat hackers trying to steal bitcoin now compared to then. Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: Newar on February 11, 2015, 04:45:55 AM [...] And now there are many more blackhat hackers trying to steal bitcoin now compared to then. You must be new here. Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: insidertradingeverywhere on February 11, 2015, 08:56:59 AM when's the word on the date? Where will it be announced first?
Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: cazkooo on February 11, 2015, 09:08:34 AM Hard forks happened before, Unanticipated and way more scary but the price was not affected at all. Know your crypto history. Do you also know that there was a successful double spend worth over ten thousands dollars in Bitcoin on such a fork? IT did not affect the price because the guy informed them about it and resent the money. Hell I personally was double spent by gox! But they resent me the Bitcoins later on. So dude, why would it be any different this time? yep hard forks happened before, this will probably be the same, once the problem is fixed, price will keep on going sideways, its pretty irrational to think that hard fork will crash the current price anyway Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: Denker on February 11, 2015, 11:21:29 AM Oh my god what a stupid OP. Check BTC history and you will see that each hard fork before never had any effect on the price. And with the next one it won't be different!
Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: Q7 on February 11, 2015, 11:30:02 AM Is there by any chance people are putting off their plan to buy bitcoin and wait until the hard fork is over? If it is, then if I sell now and I don't buy back in time, there's a possibility that I'll have to buy back at much higher price.
Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: Muuurrrrica! on February 11, 2015, 01:09:15 PM Oh my god what a stupid OP. Check BTC history and you will see that each hard fork before never had any effect on the price. And with the next one it won't be different! Hardfork without consensus, doofus Yes it's different. Other times always was consensus. The baby could rip and most likely will. Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: Elwar on February 11, 2015, 01:19:54 PM You know someone is completely sane when they spell it: CrAzY
Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: ajareselde on February 11, 2015, 01:41:55 PM Think about it, a hard fork can influence the BTC price in only two directions: 1) everything runs fine and bitcoin price will continue to vary sideways. 2) the hard fork causes problems and BTC price plummets down to zero So you see it's either sideways or rock bottom! There's no possible scenario where the hard fork will pump BTC price. It's not like people will think "omg block size increased, let's all buy bitcoin!". So if you sell now, you're protected from a rock bottom price drop. If the transition runs smoothly, you can buy back in later. Sell now to protect you against the remote possibility of the fork ruining bitcoin. Simple fork wont ruin bitcoin, and the very idea is insane. There is no way to predict how and will the price even change, but im guessing it will go up 10% for a short while after forking. Block size increase is important, well better said will be important later as the number of transactions increases. Move along folks, nothing to see here .. Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: Elwar on February 11, 2015, 01:52:46 PM Or, like the last hard fork, the price jumps up because everyone's confidence in how resilient Bitcoin is is boosted.
Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: AtheistAKASaneBrain on February 11, 2015, 02:54:36 PM OP's so short he got rejected at the rollercoaster entrance.
Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: RodeoX on February 11, 2015, 02:59:21 PM Hey wait, I just thought of a third thing that could happen! The price could go up. :o Mind F-ing blown!
Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: Denker on February 11, 2015, 03:08:36 PM Oh my god what a stupid OP. Check BTC history and you will see that each hard fork before never had any effect on the price. And with the next one it won't be different! Hardfork without consensus, doofus Yes it's different. Other times always was consensus. The baby could rip and most likely will. Sure! ::) Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: johnyj on February 12, 2015, 06:40:52 AM Think about it, a hard fork can influence the BTC price in only two directions: 1) everything runs fine and bitcoin price will continue to vary sideways. 2) the hard fork causes problems and BTC price plummets down to zero So you see it's either sideways or rock bottom! There's no possible scenario where the hard fork will pump BTC price. It's not like people will think "omg block size increased, let's all buy bitcoin!". So if you sell now, you're protected from a rock bottom price drop. If the transition runs smoothly, you can buy back in later. Sell now to protect you against the remote possibility of the fork ruining bitcoin. We also had little panic when that hard fork happened during 2013, but then people realized that a hard fork will not hurt existing coins, only out going transactions. And devs have learned from the previous fork, they will handle it very smoothly so that almost no one feel the difference And the fork might only happen when the current block limit is approaching and there are lots of transactions never get included due to forever increasing queue Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: arallmuus on February 12, 2015, 06:57:00 AM Hey wait, I just thought of a third thing that could happen! The price could go up. :o Mind F-ing blown! i wouldnt dream of this, because at the most i think the price will only vary sideways, but if the price goes up because of this hardfork then it is a mindblown Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: Muuurrrrica! on February 12, 2015, 07:08:38 AM they will handle it very smoothly so that almost no one feel the difference lol, you wish you think everyone here is a noob or what's the deal with that BS? Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: johnyj on February 12, 2015, 08:02:18 AM they will handle it very smoothly so that almost no one feel the difference lol, you wish you think everyone here is a noob or what's the deal with that BS? If you have never seen a fork happening here around 2013, then your have every reason to fear. But most of the major drivers of bitcoin nowadays have went through that fork during 2013. Devs and pool owners showed their ability to handle a crisis situation (an unintended fork) in a couple of hours and it is that kind of professionalism and conservative approach that you seldom see in enterprise level gives us confidence of the upcoming fork Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: Gebbit on February 12, 2015, 08:09:11 AM If you do sell, please use www.gebbit.com (http://www.gebbit.com) :) but I think Hard Forks are not a big driving force for the price, nor should they be. The dangers bitcoin is up against has more to do with public opinion I would humbly venture to guess.
Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: Kprawn on February 12, 2015, 08:28:58 AM It makes me think of the panic that occured prior to the change of centuary 1999 to 2000 ...
Everyone was predicting doom and massive collapse in everything run by computers. People stocked up on water and food and bought NEW computers and TV's with updated firmware. Then 2000 happended and life went on as normal... old TV's still worked and people had stocked up food and water for months. ;D Previous forks have shown virtually NO significant problems for Bitcoin owners, why should this be any different? Sit back and buy more cheap coins when other people panic over things like these. ;D Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: cbeast on February 12, 2015, 08:31:50 AM OP's so short he got rejected at the rollercoaster entrance. OP's so short only satoshi's fit in his wallet.Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: manselr on February 12, 2015, 07:26:58 PM You are a highly mentally unstable individual or just an individual that wants to be poor in purpose (ame thing) if you don't have 21 BTC before 2021.
Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: Brewins on February 12, 2015, 08:08:36 PM So dude, why would it be any different this time? This time is different because there is much more hostility between the devs now. And now there are many more blackhat hackers trying to steal bitcoin now compared to then. devs are not suicidal. They won't let their hostility(???) lead them all to downfall. And I think the blackhat feast was worse in the past, but might be only me Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: RodeoX on February 12, 2015, 08:13:46 PM Hey wait, I just thought of a third thing that could happen! The price could go up. :o Mind F-ing blown! i wouldnt dream of this, because at the most i think the price will only vary sideways, but if the price goes up because of this hardfork then it is a mindblown Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: smoothie on February 12, 2015, 08:53:16 PM It is a good sign that many are talking about the fork even though there is no set date for it to happen yet.
Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: spazzdla on February 13, 2015, 03:28:50 PM The idea of having a 2 000 000 000 GB block chain is a horrible one.
Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: totoy on February 13, 2015, 06:11:23 PM Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: ChuckBuck on February 13, 2015, 09:21:41 PM I guess I'm CrAzY also since I'm not selling either. :D
F a Hard Fork, Honeybadger don't care. http://www.wired.com/wp-content/uploads/blogs/wiredenterprise/wp-content/uploads/2013/12/honeybadger.jpg Title: Re: You're CrAzY if you don't sell before the hard fork. Post by: galbros on February 13, 2015, 11:54:19 PM Unless the hard fork makes changes to bitcoin that will help it's long term value. Then it's a good thing. I agree a hard fork involves risk, but bitcoin has survived them before and I think it will again. Of course, if the hard fork is worth it, remains an open question.
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