Bitcoin Forum

Still new to this so i have a couple questions if thats ok. There are supposedly 2 forks coming up in OCT and NOV

Whats the different between these 2 forks?
Why are people more worried about the second one in NOV & Why will that one affect the price more?
Whos in charge of these forks? Bitcoin coders themselves or others?

Thanks!

You have nothing to worry about. There's nothing to worry about. Just make sure your coins are in awallet that gives you access to private keys. Do not leave your coins in an exchange. Noone knows how the market will react, we are not see the future. Forks happen, just keep calm and relax.

Thanks.

Any info on the second fork though? Something to do with segwit2x. This is the one people think will have big moves in price. Could be an opportunity to buy if the price dips for a while.

You all know that with the first fork, the price only went up a lot, from $2300 to $3400 in just three days, so why are you afraid of it now? I received some free coins when the fork happened, and i see it as a good thing, so everybody is expecting a succesfull fork in november, because i dont think that anyone doesnt like free money.
Just lets wait until the fork happens.

Segwit2x increases Bitcoin's block size, solves the bitcoin scalability problem.
Some users are scared that the fork goes wrong that it will decrease the price.
There are also strong arguments against it that it will centralize the coin.
Because bigger blocks require more power which could lead to less people running full nodes.
So the power comes in hands of big mines/corporations.

Price may fall short term as happened in the previous fork, but more than likely will increase again as happened in the past.

There is nothing to worry, since the fork hardly will get enough hash to cause a significant drop in the Bitcoin network hash rate and there will be no relation between the new forked coin and the old Bitcoin network

Let's wait instruction from theymos, he usually give instruction how to face the fork, he has good technical skill to guide me as non tech boy. Hope there will be no problem, there will be forks after that I think.

Much better and do this thing. I'm trusting his words with certain events like this and it's an effective tip and tutorial from him last time before the bitcoin cash fork.


They will be the same treated as alt coins.


Because they are calling it as the real test in bitcoin. Yes it will affect the price, it can go down but surely after that it will increase.

does no matter how many times ... every time I step into factory field .. I fuck feel like just a human in a Darwin evolution world

It will be great to see explanation by Theymos. Every investor/trader should do his homework and analyze the market before entering any position.

I dont understand, i just noticed that there was going to be a new fork on november, seriously, i didnt know about that, can any of you explain it to me? it means that i am going to receive new coins on my wallet if i am holding bitcoins? like it happened on august 1?
It is so weird.. more than 2 forks in less than 6 months, i dont know why is this happening.

Yes I’ve always looking forward for his update about it,, I’m one of them who read and amaze how his analysis on the matters and instructions are mostly accurately researched and well organised.. Theymos is still one of the best in this forum,, i hope it will be sooner so that we know what we gonna do at those fork that coming..

not taking data on Ty .. bitcoin

so can I think on © 2006-2009, Simple Machines forum management ( i'm on COM N-Gram and STF-IDF model http://nixdoc.net/man-pages/FreeBSD/man4/stf.4.html )

The way I see it, without having to understand all of the technical stuff, is that the people in charge of forks and other changes to bitcoin also happen to own a lot of it.  At least from what I understand.  While there may be powerful parties who disagree with each other, such as Bitmain vs Segwit, at the end of the day nobody involved wants bitcoins to become worthless. 

I have only owned it for a couple of years.  But the whole time the sky is always falling.  There is always a crisis on the horizon.  But there are lots of people far more talented than I am who figure out solutions to the problems.  But usually its not even a problem, just FUD.

it is always about personal ...and as the "DeMolay International" says ... burn me to the hell flames

I am interested to see how to approach this fork so soon after the last one.  I am a little concerned about it with how the last one went so well everyone will expect this one do to the same.  We have seen BTC rebound since the last drop which I suspect is people stocking up on coins to ensure they get the most out of the split.  Hopefully that is what happens again but I am nervous for sure about if it goes the opposite way and tanks.  Hoping for best and have alot more reading to do before we hit the fork.

Nothing to worry about, just a fork, if anything it's time to make some more bitcoin.

Don't worry about the fork. You will get some free coins to increase your bitcoin holdings.

He can sure worry about his bitcoin  if it is not secured in a private key wallet because there is not an assurance if your coins are really safe in just an open wallet like web wallet, you can surely gain free coins but your Bitcoin will not be sure to be safe if it just sits in a web wallet, I think providing OP a little bit information about this will surely take away his fear and doubt over the impending Hard Fork.

i am not sure about the different between these 2 forks, maybe other member can explain. i think we don't have to worried with the fork that will happen. the most important is save your private keys if you save your bitcoin in the other wallet and place it on the secret place. i think the fork is like before and if we can get free amount like before then i think its good because we can sell it to take profit. its better that you only save the btc you have in your private wallet if you are not sure with the exchanges.

You have nothing to worry about, because bitcoins fork is a good sign of change. All you have to do is put in a safe wallet that you control your private keys. To make sure that the hardfork has progressed. It's also based on my experience it can be lost. or have a twin like BCC - now talk BTG or Bitcoin Gold to be a result of a hard fork but it's up to 7% in progress and we're still far away

Yes, we should not be worrying that much with all of these scheduled forks. Although it can not be avoided that there would always be fear or apprehension all because there is no united stand made by the group of decision makers on what exactly is the best choice of path to be followed (that is why it can be called as hard fork or contentious fork) unlike what is happening with Ethereum where there is just one voice and there is no vacuum of leadership.

Let's see what can really happen and we just wish that people who will decide the path for Bitcoin will not just be thinking on their own business interests but also those of the ordinary Bitcoin holders like you and me. Personally, am hoping that this series of hard forks can be the last at least for some years to come.

There is nothing to worry about the second hardfork, crypto community are much more prepared than the first one, they know how do deal with it, thus it wont affect the price of bitcoin much that it pump the btc price,  according to TA's in known publication btc is eyeing to spike of upto 5k usd to 6k usd, so hold those coins till that day :)

There is nothing to worry about this fork's. Bitcoin will still remain how it is, it is like having an airdro of coins when having bitcoin hard forks, though the price might get affected a little but no worries, we just have to hold our bitcoin and wait for another bitcoin ALL TIME HIGH price and then we are going to get profits on holding it.

We don't need to panic when a very huge price drop happens, it is just normal, because bitcoin's price eill PUMP again no matter what.

It'll be similar to the Aug 1 thing, but it'll probably be more messy because S2X lacks the replay protection which BCH had. I'll post an updated guide sometime in the next couple of weeks, with a link in the forum news. (Split time is mid-November.)

My worry about Bitcoin is, what will happened to this coin if the hardfork, is not that successful and very buggy. For sure a mass dumped will happened next.

Another fear is how decentralized is BTC. ? We dont know, there might be some evil developers that hides some malicious code in the sourcode.

If I keep my bitcoins on the exchange, where will the additional "fork" coins appear? Also, when are those forks happening?

Bitcoin is the value change every day it will give more profit and more information for the business and finance sector it the fork it is price is soul down it worries for the bitcoins. Bitcoin is the fork every time it will manage in the process. But you will check the price every use full to your profit get more. Bitcloin it will best one for the get income process.

Everyone hopes like that, everything is going to be alright. If the same case the same as BCH fork we will earn free altcoins of airdrop, and that's the time to make additional money. I think bitcoin will  be resistance to forks and the next forks. 

The only thing would worry about Bitcoin forks are Altcoins. Today it is found out that Bitcoin hard forks is helping out Bitcoin to pump the value and investors will prefer to hard forks like Bitcoin Cash and Gold than low end Altcoins..

Well last one to create BCG was actually not a real fork IMO, just some guys who wanted to make their own blockchain using the bitcoin one.

For coming one implementing seg2x, this is a real fork implementing technological improvements. Bitcoin blockchain is quite familiar to this kind of update but at this time, have to say I'm pretty confused about exchanges communication. This could make price move pretty much because of confusion.

You can find out this information on google, it will be explained meticulously, I think no one here can help you understand it. You need to find out for yourself.

The fork last October doesn't have a big impact in the price of bitcoin. Fork may occur again but it wont cause any damage to bitcoin I think. If the price fall, it will only be short term. How people handle the or manage the fork adds up panic that makes the price fall. Anyway, it is just normal for bitcoin to go up and down since we know from the beginning that it is volatile.

Of the same mind. the bitcoin gold fork wasnt really a fork so much as someone capitalizing of of an existing blockchain already in place. the fork didnt really offer any innovation; it was purely an ideological split for all intents and purposes. Seg will actually mean something, and if you thought the price movement was bad on bch and btg, just wait for tthre correction that will come around seg.


Im just really tired of all this; cant wait until we stop all this damned forking of the path, and actually start traveling forward down it.

There has been already two forks. Both of them have been a great opportunity to cash in some more bitcoin, and it is likely that the november one will be just the same. I would not been surprised even if it did not happen, seeing the lack of success of the previous two forks.

Since the new fork is approaching, i think that the best thing you can do is relax yourself first, and try to hold your coins as much as you can. I want to sell my bitcoins as soon as possible, but i do want to receive that free money on november 11nd, so i would not dump my bitcoins for now.
Anyway, i read a lot of posts of people complaining about this new fork, but this is going to be a REAL fork like it was before with Bitcoin Cash, so you dont need to worry about.

Every fork wants to breakdown Bitcoin price !!
Don't worry, Bitcoin will still #1

Fprk are made for corrections that trigger others to have fud or to gain freebies, there might have some crash if fails,but bitcoin can always recover.

Yes seriously. People freak out so much over forks. Remember how much hype the first one created? Maybe the price will crash and we will soon benefit from their stupidity.

I think from now on we will be seeing new coins with every fork. Btw yobit support the fork coins so you can keep your BTC there if you want. I had some left over from trades during the last fork so I got them early. It is safer to keep them yourself though.

Not surprising though. People do really freak out if theres a news about an upcoming fork and as a person doesnt really have too much knowledge then you will most likely ending up on selling out when you do see pricefalls.
Talking about keeping coins on yobit? I wont do such thing even though they would be the first to support fork coins.Better to keep it on electrum because im really convenient when i do have the full control of my coins and later on we can really claim those fork coins.

It's understandable. If I was new, I would also be asking questions and being worried about my bitcoins. But if I managed to learn and understand how this works, then anyone can because im not a genius. If you want to be safe with your bitcoins, then learn how to set up your own full node and stop worrying about what someone else is going to dow with your private keys. This is a BASIC lesson to learn in bitcoin. If you don't run a full node, you are not part of bitcoin, and you will lose them sooner or later.

If you run your own node, nobody can steal them from you (if you keep them safe, but my point is, no forking shit is going to affect you)

well with trusting the exchange its much better to place it inside your computer than to entrust it inside exchange wallet with current forking
i personally think that those who understand the risk are the one who's really earning from this system the more panics happen the more
chances for those people to freak out the market.

The Bitcoin splits that happened this October is called Bitcoin Gold fork, while the fork that is projected to take place this mid-November is called Bitcoin Segwit2x fork. It's quite normal for people with big investments on Bitcoin to get worried because it might affect the price of Bitcoin to go down. 

You are completely right. this fork may cause to people need to decide which one they are going to follow... I think it will be the most important fork so far..

The October fork is for Bitcoin Gold. While this coming November this is Segwit2x fork, the main changes is that the blocksize would be changed from 1 MB to 2 MB. Though I haven't check with miners are supporting the Segwit2x activation though. Its says that it will happened on Nov 16, but we can't exactly pinpoint a exact date, but I think it should occurred in block 494,784. Of course we are worried because theirs uncertainty whether this one will be successful or not. Will the majority of miners support it? Remains to be seen.