If you look at basically every crypto coin from a critical and unbiased point of view, you'll see that they all in a way might become centralized when x scenario becomes reality. This dude is just cherry picking in the hope to get some attention pointed at himself, but everything he is saying was already perfectly clear years ago. Despite all these potential scenarios, Bitcoin has seen its userbase increase significantly, its price increase significantly, and even the majority of the main stream media sources aren't all that negative anymore. In general, the sentiment has never ever been this good. We are part of something so unique and beautiful, that it only makes sense to keep holding every coin you have for plenty of more years.

It all depends on whether or not we manage to see Segwit gets locked-in within current period. If it happens, I am quite confident that we'll at least make an attempt to break through the $3000 level in the coming 24 or so hours. We already experienced some sort of a false ATH not that long ago, but in order to settle as a proper ATH, the entire market needs to follow. I wonder what all those sub $2000 dumpers are thinking right now - they likely don't share people's excitement here.

I am fairly sure that it is due to the fact that Segwit is very likely going be to locked-in, within current signal period that has only 80 blocks remaining. Next logical step is another round which will then make sure that Segwit is FINALLY going to ACTIVATE. I can't surpress my excitement as this is what we all have been desperately waiting for!! Regarding OP; I am going to be fully optimistic, and go with over $3000 (obviously, only if Segwit gets really locked-in).

Showing them my earnings? My main source of Bitcoin income comes from trading, so how exactly will that help out non Bitcoiners to become 'more eager'? At most, it will trigger their greed, where after that they blindly jump into Bitcoin trading. Who's there to receive blame if they end up losing big time? Right, it's me - no thanks. If you explain Bitcoin to others, then the 'earning' or investment aspect should be the LAST thing you talk about. We already have enough greedy parasites on this forum that don't care a single bit about Bitcoin. This forum is literally infested with newbies who's first concern is how they can utilize their signature space, and how they can speed up their activity increase rate.

I think that's a very great and open statement. This action will prevent a potential scenario where trades get reversed, which for me is a massive no go. Every exchange should follow that policy - if you can't guarantee that trades won't be reversed, then halt trading, it's that simple. Trading isn't a joke thing people do for fun. It requires a massive amount of time, dedication, risking your money, etc. If you after hard working made yourself a decent profit, and an exchange rolls back data, it's like someone (the exchange in this case) is spitting in your face.

The only "advantage" of a central authority being in charge is that decisions are made whenever it thinks they need to be made.

I am quite sure they largely have, but there is no way to completely rule out any major bugs with such a tight time frame to operate in. But hey, even if people don't like SW2X for whatever reason, this is at least a proposal the economical majority can agree on. Plus, it will likely prevent a chain split from happening. Instead of certain people not willing to deal with everything related to this proposal, they should be happy that there finally IS an agreement. After all, we want to push Bitcoin to the next level so it can adequately handle the increased demand.

I definitely expect some serious volatility in the coming two weeks. If it isn't because of worried traders, large players will make sure the panic flows through the market with large quantities. It happened days ago, and it will happen in the next days, starting with the lock in of Segwit. In that regard, people shouldn't consider the $2000 as a safe potential bottom, since it doesn't take much effort for the price to get dumped below that level. As quickly as noobs have gained back their confidence due to the increased price, that quickly will they lose it again.

Partly. In no way, shape, or form is it recommended to liquidate your entire holdings to fiat. I personally won't ever liquidate any of my holdings just to lower my overall risk exposure in case of a looming threat, but I definitely understand that it might be helpful for others. I like to keep my complete stash in tact. In order to benefit from a potentially badly tanked price, I just make sure I have always enough fiat on hand. My main goal is to accumulate, and not risk buying back my coins at higher levels.

Education is definitely the key, but this is a very difficult thing to achieve if we consider that the far majority of the people are only here to earn a few bucks. They don't seem to care about Bitcoin at all. In all the years that I have been in Bitcoin, and to a certain part also on this forum, I have never seen any sort of improvement in the general mentality, and people's understanding of Bitcoin. It's insane how many imbeciles are worrying about the 1st of August, yet they don't even know what is going to happen, what an activation of Segwit2x prior to that date means, etc. It's just 1st of August chain split, and that's it. Others find it funny as they make themselves happy with the thought of having a double number of coins after a split. So, that raises the question... How are we supposed to tackle this 'problem'?

I seriously hate it whenever exchanges plan to *potentionally* reverse trades if things don't go according to their plan. If things are about to get serious, and they don't think they will have everything in full control, then just halt trading temporarily. Reversing trades is a shameful practice. That being said, I like how Huobi explicitly states that people will be given full access to every alt as result of a chain split. I think every exchange should be doing this, but obviously, the motives of the exchanges not doing so are clear. And as expected, BIP91 signalling has gone over the 80% level, but not yet (according to coin.dance/blocks) in a stable manner to keep it above 80%. Give it a day or two, and it won't drop below 80% anymore.

It's a normal thing I guess. After all, we can't blame merchants for making Bitcoin payments possible through whatever third party payment processor. It's the volatility they mainly try to avoid, and also the fact that they mostly aren't interested in Bitcoin at all. It's just a way to *potentially* increase their revenue. Just look at things from this point -> if there weren't any third party payment processors such as Coinbase, or BitPay, 99.9% of the merchants wouldn't even consider adding Bitcoin as payment option.

Crypto in general is extremely hot as we speak, so it doesn't surprise me a single bit that the volumes have shot up to insane levels. I must however point out that after a while, these volumes will come down again as we can't see the price go up continuously. It's basically the same as what happened back in 2013 where the price reached it's previous all time high. Crypto was insanely hot, even to such extent, that people were buying whatever crypto coin at whatever price, just in the hope that they will end up in the green. Current hype pushes things even a few levels further. One thing I do blame the exchanges for, is that now they have seen their userbase increase significantly, and so their income from trading fees, they should hire more capable people to enlarge their staff. It's insane that people in some cases have to wait for several weeks to either get a problem solved, or to fully verify themselves.

I am not in a rush to do anything. I will calmly sit out this entire storm, and if after a while it is financially a worthwhile practice to sell them, I will. If not, then I won't do anything. But honestly, at this point it's easy talking for people. Firstly, we don't know if a chain split will become reality, and secondly, if things happen for real, most people will react in a whole different way. Just look at how many people are loudly sharing that they will be holding their coins for the long term, at the time the price goes up. If the price starts tanking real hard, the same people that were planning to hold, have been selling their coins with severe losses. At this point there is so much speculative nonsense going through the community, that people simply don't know what to look at anymore.

That basically means they have to change their name into IotaPay or IdiotaPay. Not sure why it hasn't been stated in the article, but I wonder what will happen if they can finally make use of the Lightning Network, as their sole interest is the nano payment industry. LN is perfect in that case. Usually when it comes to people, they are more empty threatening to switch over to an alt, but in this case they at least back their words up with actions.

I'll choose a stinky one and leave it aside for you. It will activate within 10 days, I am 100% certain. As mentioned iram1101, signalling Segwit2X for fun a while back, and doing it in a serious manner right now to trigger lock in, and after that activation, is quite a different thing, but I have no doubt that it will happen in this case. It has taken enough time already to allow Bitcoin to technically grow further, so I am glad that whatever happens, we after 2 or 3 weeks will look at this whole situation from a completely different angle. Some of the people might end up being disappointed, where others will applaud this change. I must however point out that despite the endless scaling discussions, no implementation of whatever proposal, trolls spreading FUD, the market has performed exceptionally well.

First people were panic selling their coins at severe losses like there was no tomorrow, and now they are looking to start buying. This shows that not only the market is experiencing a heavy load of volatility, but the people here as well. It could be just over 24 hours ago that people were expecting the worst to happen with the 1st of August "doomsday" incoming, where now suddenly the sky has cleared, and the sun began shining.

Whether we like it or not, FUD will always be part of this market. FUD is an effective way of getting people to mass sell, and thus lower the market price at the will of those behind these FUD 'attacks'. I am quite sure that before the official signalling for Segwit2x started yesterday, developers and the people connected to them have taken the time to accumulate as many coins as possible, to benefit from the increase that they later would be responsible for. Insider trading at the highest levels. But hey, we benefit from that as well, so in the end, I don't think there is much to complain about.

Fud will always be an effective way of getting a whole lot people to panic sell their coins. Positive side effect is that these fluctuations greatly contribute towards attracting liquidity from traders. On another note, the problem with most of the newbies is that they tend to go all in, which basically means that if the price goes down, they haven't got a single penny left to use. As always, these newbies will sell their coins in panic at lower levels, where after a while they buy their coins back at higher levels. It's a never ending cycle. It aint easy being a newbie.

In simple terms, you can just keep holding your coins safely in your Trezor hardware wallet. Trezor will allow you to switch between nodes whenever you choose to do so.

Perhaps that this twitter post will give you an idea; https://twitter.com/slushcz/status/882241787062087680

Essentially, Trezor will basically follow any route to suite their customers. No need to worry.

I do like the volatility that comes with all these uncertainties, but on the other hand, I also want this drama to end. If a chain split is what we are heading to, then so be it. At the end of the day, we as community and regular Bitcoiners don't have much of a saying in this situation. It's insane how miners have done everything to prevent the initial Segwit proposal from activating. No pain no gain, they say.


It may sound harsh, but Satoshi has become a completely irrelevant figure, aside from the misterious aura that is surrounding him that to this day still interests people. Another problem is that even when Satoshi miraculously pops up, he will have a very hard time proving that he is the real Satoshi. Especially if he doesn't have access to the address where the genesis block reward has been sent to.