Bitcoin Forum

Bitcoin price still remains strong and has grown significantly throughout the weekend despite the hard fork.
Though coin transaction fee's from local to international wallets are still at high. Many investors, miners and developers are still using the old Bitcoin. Will developers fix the ever slowing and expensive transaction fee's from the old blockchain or just  try to attract old bitcoin users to jump to the Bitcoin Cash blockchain? BTC

I read SegWit is going to activate Around August 23, at that point there should be more space for transactions in each block, and perhaps the mining fees come down.

What occurred with the Bitcoin/Bcash fork was not a real hardfork.

For it to have been a real hardfork, a decent amount of miners/hash would
have needed to run the ABC client and chainsplit at a certain point in the
future, and thus leave the Bitcoin chain forever to join the Bcash chain only.

In reality, what occurred was just a Github copy/paste/revision fork.

So, since it was performed as an altcoin with the same origin would, as compared
to a contentious hardfork, the damages and effects on the ecosystem was lessened,
so "Bitcoin remains strong despite the fork" because the "fork" was only an altcoin
creation with a common origin, and not an outright attack on the network where the
two chains are in an actual hash/chain race competition.

When ETH chainsplit from ETC, that was a "non-contentious" hardfork.
An altcoin (Bcash) is created when your side of the chainsplit does not have majority
of the hash from the "original chain", yet still is surviving, whether by luck or design.

Bitcoin still needs a fork, bitcoin will still remain strong, though later there will be mining costs that will go down and there is a transaction space in every block again.

Bitcoin not only remains strong... it is getting stronger.

The price went up from $2,750 before August 1st to $3,350.

$600 or 20% price increase in just 1 day... it is unbelievable.

I don't find current transaction fees prohibitive. In fact, there has been considerably less spam on the network since before the potential chain split on August 1st. Segwit will also give an immediate capacity increase. More importantly, it will make things like the Lightning Network tenable and will enable other future capacity increases (like Schnorr signature aggregation). I don't think Bitcoin Cash offers any innovative scaling solutions to attract much of Bitcoin's userbase away from the original network.

the hardfork didn't do anything to bitcoin because it was a meaningless hardfork with no support. and it was also a rushed movement.
things could have been very different if it wasn't rushed, had more support and was actually fixing something!

maybe you need to make a transaction before giving opinions like this. yesterday i made a transaction with 1.5 satoshi/Byte (total fee was about 800 satoshi) and my transaction was confirmed in about 20 seconds!

The BitcoinCash fork was shown to be a nonissue. The original Bitcoin still continues to be on the pinnacle of cryptocurrency development, thanks to the Core developers. That is because they offer the safer and the more secure solutions on how to move the network forward.

We should be happy that the people who oppose Core has split and created BitcoinCash. They can do whatever they want in their own chain now and leave Bitcoin in peace.

Reportedly the developer fix the btc wallet. But instead every time we make a transaction even longer, and more and more that it needs a confirmation.And hopefully the bitcoin cash development team can complete its work in the near future

Although bitcoin transactions require slow transaction costs but developers continue to improve the convenience of bitcoin core users as investors and miners are used to using old bitcoins, even though there are now bitcoin cash but not many have used them yet.

I expect a lot of problems with transactions fees and speeds will be solved over time. I was on vacation for an entire week before the split. I had bought at $2,200ish and looked today and am psyched!  ;D ;D ;D

Bitcoin is going strong and the developers are amazing. Bitcoin Cash probably isn't going anywhere.

Unfortunately I did, coins.ph wallet to coinbase, the fee was more than the amount I was to send in my coinbase account.

Bitcoin is here to stay. It won't go anywhere (I hope).

the normal amount of fee that wallets should suggest now (and many of them do) is about 100 satoshi per bytes. this means a normal bitcoin transaction should have about 0.00022600BTC fee (22,600 sat). if you paid too much fee it is either because your transaction was huge (had a lot of inputs) or your wallet is giving you a bad fee/byte suggestion.

The hype was created for the hard fork was just to shift the old bitcoin users to BCC/BCH but it doesn't happened. Majority of the users are still using old bitcoin and they don't care of the split. After fork bitcoin becomes more strong and the rising price of bitcoin is the proof of it.

Bitcoin just hit an ATH this weekend - so it clearly is still strong. But BCH has also accumulated a nice percentage of the market, and right now is rising more than any of the other top20 coins. Once the dust settles and we have clear average times for blocks on both chains we'll see if BTC can remain at the top, or if BCH will outpace and outgrow it in the future.

As for the fee, yea... bitcoin transactions are kinda expensive right now - but you can pay a smaller fee and wait a bit more time for your transaction to be confirmed, if that suits you better.

See the transaction fee has already got reduced and now its almost the normal fee which we paid earlier for transactions.Thats one of the reason for increase in price as the main issue of high transaction fee has almost been solved.But price increase is a little bit late due to the fear of hard fork.Bitcoin once again remains unbeatable.

Of course the Bitcoin was always going to be high fork or no fork. And even before the fork was over it was obvious that the price was going to rise, ya about the fees it's bit concerning that nothing is being done. I feel something should be done, and it's strange the miners are happy to let go of this pressing issue. Let's hope sooner or later they sort it out.

Indeed, due to most of the bitcoin community gave their 100% support into unto it. That's why bitcoin all of a sudden increased after
 august 1st has been done. This shows only that many of the users really loved bitcoin ;)

Looks like bitcoin shows that the harder it gets , the more it resist. It's not going down no matter what they do. They are all just propaganda trying to bring us all down. Just keep on holding guys. Bitcoin is LIFE.

the fork that everyone was concerned about was the SegWit fork and all the drama about the BIP148 split which was a real threat in my opinion because it literary split bitcoin in two since it had little support but enough to make a split.
as we know now 100% got behind SegWit so that concern went away so price went up.

the fork you are talking about is the certain small group of people splitting off going away. I don't even like calling it a fork or a split. they just went away to their own lonely chain.
and since nobody cared about it anyways, it had no effects on bitcoin price and as you an see today, BTC is rising very well.

Yeah, bitcoin just seemed to step over Bitcoincash without any issue whatsoever, I expected some kind of effect on the price but that doesn't seem to have happened.

Well its too early to say that but i guess BCH wont reach the price of btc but i can see there will be a lot of miners that are willing to mine BCH. Plus i think there are still BCH out there that hasnt been dumped yet. When segwit also would lock in at least there will be a lot of ease on the transactions. I hope this would also help small traders to transact without worrying about fees.

That was my first thought: good riddance to the Bitcoin Unlimited camp! But then I realized that maybe BCH is just a distraction. There are plans by well-known developers, major bitcoin services, miners and exchanges to hard fork Bitcoin in November (Segwit8x). I long suspected that the BU crowd was just a loud minority. The November fork could be much more contentious.

I think that most of the Segwit camp (judging by reachable nodes, this means most users) is generally opposed to a hard fork. And that's reasonable; why hard fork directly after Segwit activation, given that Segwit will enable so much?

So this could pit a majority (or at least significant minority) of users against major bitcoin businesses and a majority of miners. That seems a lot more dangerous than this Bitcoin Cash experiment.

Thanks for clarifying this for me. At least now I can say that what happened  was not really the right definition of a hard fork. And maybe this is the reason why many are calling the split of Bitcoin and BCH as a soft fork. Sometimes it can be hard for an ordinary guy like me to keep up with all of these definitions and ideas.

This is happening right now, bitcoin is still strong even there is a fork that happened a few days ago and it doesn't show any weaknesses for bitcoin to make its price drop and we can see that the price is now going up and that is the real proof that bitcoin remains the unstoppable coin in the market despite the fork.

wine, exactly as you said. Although met with no fewer obstacles, but bitcoin is still the currency is 'strong'. It is still growing well and people are  use it.Bitcoin will always survive and thrive. I believe that!

Bitcoin price increase and it's already over 3k usd. That means bitcoin is still the best. People still trust it as before. Yes, bitcoin still strong despite the fork!

As expected by most and still few have regrets for they lost trust to bitcoins staying capacity. It will heads up higher for now on.

BCH (Bitcoin Cash) existence doesn't really affect at all on bitcoins price infact I do really believe that it somehow help up to rise its price. Thinking of that those persons who have lots of BCC on their pockets sold out and going back again to Bitcoin which results for the price to increase. I might be wrong but this is what on my mind as of now. Bitcoin would really remain strong no matter what situation would come into it.

Of course Bitcoin cash will continue to be an Altcoin for as long as it exist and will never compare to Bitcoin in any way. I pity the doubters who were led astray but it isn't too late we will welcome them back if they want to come back.

Is this the main purpose of BCC / BCH? Sorry I do not really understand about this but he made a lot of noise panic and prejudice before the 1st of August yesterday. whether this will happen again later anybody know ?

They only have panic tears with them now. Whenever price falls below the regular mark the main thing you should know is to hold it and not panic. People just think about short term goals but Bitcoin is for longer term.

It's quite believable to me, even though the gains we're seeing are breathtaking.   This is crypto, and we could be back to $1900 tomorrow--just remember that.  That would take some serious bad news,  but anything is possible.

"Despite the fork"?  I wouldn't think that stupid forking would have much to do with the price,  and if anything it's just made bitcoin stronger. Man I wish I hadn't been so skeptical back in 2013.  Coulda made a killing.   You just never know in the wacky world of crypto.

If a decent amount of Bitcoin miners actually left the Bitcoin chain to only mine on the
Bcash chain, then it would have been a "contentious hardfork", which is essentially an
attack to the Bitcoin ecosystem since it harms the security of the network and violates
Consensus. That isn't what happened, and what has occurred is closest to an altcoin.

The Bitcoin/Bcash split was neither a hardfork nor a softfork.

The best way to describe Bcash is to consider it an altcoin that used an orphaned block
as the mechanism to start their chain. If it was a hardfork or a softfork, the two chains
(Bitcoin & Bcash) would be in an actual competition with each other, where the one with
the least hash should die off within a few days or less. Bcash was designed to prevent
this competition from coming into play, yet still originates from the Bitcoin chain, so it
is like an altcoin that used a Bitcoin orphaned block as its "Altcoin Genesis".

Some would consider it a "Bilateral Hardfork", but I think with that term, it assumes that
a Community Consensus (high or majority) was reached, but there is still a minority who
will purposefully maintain the old chain. So, to appease those "old chainers", the "new
chainers" program their new clients so that things like block competition, replay attacks,
and cross chain issues don't occur. So, if Bcash will be categorized as a "Bilateral Hardfork"
type in the future somehow, I would considered it as a "Reverse Bilateral Hardfork", which
is performed with a very low or minority Consensus, so to me, a "Reverse Bilateral
Hardfork" is simply just another term for an altcoin creation mechanism.

Some people claims that wasn’t a real fork, and that another fork is take place by November month. So, it’s that true. Well, if it does, I still believe that Bitcoin will stay strong, no matter if there is price drop, it can easily pickup.

I appreciate your confidence, and wish everyone could remain resolute and support Bitcoin until it becomes what we all want it to become. Every fork is a fork whether soft or hard and so I give no qualms about what others are negatively saying. I'm all home and dry following Bitcoin without distraction.

I can't believe how much the price of Bitcoin has rose in just a short time.

In 1 week it went from $2,700 to $3,450... that is $750 in just 1 week!!!

Still imposes a lot of work on enduser's side. A nightmare, maintaining two blockchains in parallel.
I'm still running below 0.14.1 release due to a lack of backup capabilities.

One or two additional forks and it's DOGE on my boilerplate!

Still strong, OK, but as I have noticed, mempool starts to get filled up again, it's over 50k now, and it's rising continously. At the end of July, it was nearly empty, and after the fork (from the 7th August) it rapidly grow up over 50k again. I'm wondering what it will cause to the mining fees again. I thought that after the fork the mempool will be empty more or less again, but it's not done yet.