https://cointelegraph.com/news/bitcoin-needs-new-proof-of-work-chain-after-segwit2x-says-bitcoinorg-co-ownerNot 2 but 3 bitcoins after the HF! I've expected that core team is secretly developing an emergency nuke POW change in case 2x wins. I know that some still think the legacy chain can survive with 20% hash support but it is not realistic. In this case unfortunatelly the original bitcoin will die and everyone will say: "The king is dead. Long live the king!" It remains to believe that by some magic wand the current price is transferred to one of the forks.
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https://cointelegraph.com/news/bitcoin-needs-new-proof-of-work-chain-after-segwit2x-says-bitcoinorg-co-ownerNot 2 but 3 bitcoins after the HF! I've expected that core team is secretly developing an emergency nuke POW change in case 2x wins. I know that some still think the legacy chain can survive with 20% hash support but it is not realistic. In this case unfortunatelly the original bitcoin will die and everyone will say: "The king is dead. Long live the king!" It remains to believe that by some magic wand the current price will be transferred to one of the forks.
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Unfortunately, many traders who now pump the price don't know that Coinbase and other major exchanges and wallets will declare the 2x coin as the winner and call it Bitcoin. The legacy chain supporters still believe that miners will not follow their signalling, but they will. Those who seek daily profit will switch to BCH anyway, since it has 12 hour EDA and will be way more profitable (at least 50%) compared to the legacy bitcoin. This result may have a huge negative impact on the price of the legacy chain.
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Let's first recall some facts. In January and September PBOC's news for more regulation on bitcoin exchanges and possible ban resulted in 30-ish % drop in the price for 1 day, in total 42% drop from the last ATH. Actually these news were not bad for Bitcoin since they didn't endanger its existence in any way. Moreover, everyone should have been happy that China's 95% dominion on the market is gone and transfered elsewhere. Now, let's contemplate what can happen shortly after the HF. It is obvious that most of the miners will switch to B2X. Those who seek dayily profit will switch as usual to BCH which will have by then an imroved 12 hour EDA. In that situation for a surprise to the misinformed traders, many exchanges (including the largest in USA - Coinbase) and wallet providers will declare B2X as the winner with the longest chain and call it Bitcoin. During these days there will be not a slightest motive to buy the legacy Bitcoin. We can expect this uncertainty to bring 30-is % decline of the price. This drop will hardly end in 1 day and probably will continue for days and weeks. At this time the B2X price will be probably around 1000-1500$. I can't predict the total price of the 2 bitcoins, but I don't see how one can be certain that the legacy bitcoin will continue to rise after the fork.
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Let's recall some facts. In January and September PBOC's news for more requlation on bitcoin exchanges and possible ban resulted in 30-ish % drop in the price for 1 day, in total 42% drop from the last ATH. Actually these news were not bad for Bitcoin since they didn't endanger its existence in any way. Moreover, everyone should have been happy that China's 95% dominion on the market is gone and transfered elsewhere. Now, let's contemplate what can happend shortly after the HF. It is obvious that most of the miners will switch to B2X. Those who seek dayily profit will switch as usual to BCH which will have by then an imroved 12 hour EDA. In that situation for a surprise to the misinformed traders, many exchanges (including the largest in USA - Coinbase) and wallet providers will declare B2X as the winner with the longest chain and call it Bitcoin. During these days there will be not a slightes motive to buy the legacy Bitcoin. We can expect this uncertainty to bring 30-is % decline of the price. This drop will hardly end in 1 day and probably will continue for days and weeks. At this time the estimated B2X price will be around 1000$. If this uncertainty continues too long, the damage of the price could be huge. I can't predict the total price of the 2 bitcoins, but I don't see how one can be certain that bitcoin will hold its price after the fork. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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Clearly Jihan Wu, Rojer Ver (and friends) are combining their efforts to bring bitcoin down and pump BCH. They use any gap on the bitfinex bids to hammer the price by spending thousands of bitcoins. I am afraid that the 'free money' from the fork will come with severe attacks from this gang of morons. They will use the time of uncertainty to hammer bitcoin as hard as possible, with the hope to force the users to accept 2X as bitcoin.
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Where is r0ach and his clones to talk about silver and gold. He must be biting his nails now ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Hmm, 369 BTC hidden wall at bitfinex eaten fast at 7080$! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Kraken server: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fpreviews.123rf.com%2Fimages%2Fweerapat%2Fweerapat1505%2Fweerapat150500120%2F57450933-Personal-computer-burnt-due-to-electricity-short-circuit-Threat-to-computer-hardware-concept-Stock-Photo.jpg&t=663&c=MXpSYKr93Qjy9Q)
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$7050 on GDAX!
Is it normal for GDAX to be 1.5% higher?
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Here we are, 6666.6
Yaay!
CNBC, November, year 2018: "Today Bitcoin just hit alltime high 66 666$! BCH and B2X both gained 5% to return to 105$." ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Maybe silver then? Just kidding ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yes, silver, no jokes. It's much more undevalued than gold right now. Roach, is this you? You are the only guy in the planet to write about crashing gold and silver in bitcoin forums. How many accounts do you have? 100, 1000, 1 000 000? Do you believe you can fool anyone to buy so that you are not the only loser? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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576 BTC wall at bitfinex eaten like snacks ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) 6600 incoming!
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5930€ ON KRAKEN ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Yea Damn Whats happening guys? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) At one point at kraken sell book was a huge gap and some whale hit the button buy at the market price ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . Anyway, even at this price (around 6900$) he won't regret ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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Last few days BTC was oversold. The depth of the markets shows that the demand is rapidly increasing. Moreover at least 1/3 of the miners switched to BCH which is more profitable by 50%. I expected the price would hold during the weekend and probably go up in the next few days. Who knows, may be another ATH is coming?
This was minutes before the pump. I want 0.5 BTC reward ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Last few days BTC was oversold. The depth of the markets shows that the demand is rapidly increasing. Moreover at least 1/3 of the miners switched to BCH which is more profitable by 50%. I expected the price would hold during the weekend and probably go up in the next few days. Who knows, may be another ATH is coming?
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Everytime AltCash pumps follows a dump on Bitcoin. Hmm... JihaD Wu and his moron puppet R. Ver are delusional if they think users will follow their scam. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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I am also afraid that the segwit2x can harm the bitcoin. Before the HF on 18-19 Nov the price may have some drops and dips, but the 'free money' hope will hold it comparetively high. Many noob traders don't understand the risks this HF brings (unlike Bcash HF in 1 Aug). The truth is that after the HF there will be much FUD and this is never good for the price. I can only imagine what may happen to the price if such uncertainty is in the air for days and weeks. If the bad news from China lead on several occasions to 30-ish% drop in price for a day, imagine what will do the fear of 2x chain killing the legacy chain. The stupid and greedy pool owners don't understand that if the investors are dissapointed by a too heavy blow on the price, they will never go to the 2x chain. There is a possibility that both coins combined will have much less value in the long run. Now, I am a hodler and don't want this to happen, but if the price goes above 6K once again, I may be tempted to sell and wait better times to invest again.
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Waking up and seeing the price: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FxmKOVgq.gif&t=663&c=chMrFM-rgvAzSw)
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Obviously many traders are still trading bitcoin as altcoins during pump/dump cycles. They buy when bitcoin price rises and sell when it drops. Needless to say they are satisfied with small profits or even losses! Some of these noobs are quite rich to put sell walls like 500-1000 btc when the price is at the bottom. Anyway, the present situation is not good only because of the contentuous fork segwit2x. I expect the price will continue to rise before the HF but occasionally to have some dumps of noob whales, because of the FUD the HF brings. Unlike the situation of AltCash, when the bitcoin trading wasn't endangered, now it is. There is a possibility that most miners will mine 2x part on a loss to make the legacy blockchain weak and vulnerable. There are even posts in reddit for an organized 51% attack on the legacy chain. If this happens core team will have to urgently change the POW algorithm or switch to POS. I don't believe that miners will go completely rogue, since this is a suicide. The uncertainty may continue for 2 weeks after the HF, when the difficulty is adjusted for both chains. Nobody can predict what will happen, but there is a small possibility that miners 'win' if the bitcoin price crashes and most exchanges decide to follow the hashpower. I don't see how the current price of bitcoin will transfer automatically to the 2x altcoin, so miners are delusional that they will mine (even in the distant future) with bigger profits. It is more probable IMO that the users will win and bitcoin will remain what it is - the unique always rising cryptocurrency in the world!
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