Hello,

The weekend is here again. How much will the market dump this weekend? Im saying 15% drop minimum across the board...

Another Ethereum hack? This is not even funny considering the bear market we are  already experiencing. Hopefully this does not destroy Ethereum.

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August 1st will be a non event. Nothing will happen except our Bitcoins will be worth $3500 each minimum

August 1st will be a day to remember. Guys protect your coins (protect your bitcoin private keys) And remain cool. And MOST importantly do not do ANY transactions during the possible chain split on August 1st.
Wait for the dust to settle for a week or 2 before doing any large payments on the bitcoin network.

OP is talking about BITCOIN TRANSACTIONS disappearing. Not the whole Bitcoin network.
And yes, you should avoid doing ANY transactions during Aug 1st.

Thanks BIP148 freaks, we wont be able to use Bitcoin this summer. Litecoin anyone?

LTC x 5

I personally blame the gulliable fools who pushed for this "upgrade". The guys who were desperate for an upgrade because they believed the FUD about Eth or Ltc replacing Bitcoin. Ok fair enough, Bitcoin transactions were becoming slow and expensive BUT the system was secure and safe. But now we have to accept this hasty upgrade which might destroy Bitcoin.

That sounds messed up.

But seriously, Im hoping Bitcoin remains the same and the best minds in this field come together (with no agenda) to help scale Bitcoin safely, once and for all. So we can have a working system for the world to use. In the same way the world uses the internet. And if in the future an update/patch is needed then we as species come together again to fix it. But in reality, this is all wishful thinking on my part. And in all reality, people will always have an agenda and will ruin things for the majority.


Status quo is the best way for NOW (leave things as they are until a future scaling method is agreed upon) or BIP148 this thing to the moon boys! Jk.

Fiat is your ONLY hedge if you think Bitcoin will loose value. If Bitcoin faills, other coins will loose value too.

From what i have gathered, if Segwitx2 activates then the Core Devs will LOOSE a lot of authority/respect and will possibly be overlooked/ignored on future upgrades/updates. Because Bitcoin will exist on this Segwitx2 code... Which is piece of code that has NOT been produced by the core devs. And FYI, the core devs (and satoshi) have been releasing all Bitcoin updates up until this point.

*For the record. This is NOT a FUD spreading post*

I just got all the angles on the whole Bitcoin scaling debacle. So am i right in thinking there are 2 "main camps" (The UASF population and the Segwitx2 group/corporation). The UASF guys are going to implement BIP148 on Aug 1st however the Segwitx2 group is planning a pre-emptive strike, which is to sneak in this Segwitx2 code (which possibly maybe very buggy as its a rushed piece of code and it hasnt got the Core devs working on it, BTW the core guys kept this whole Bitcoin thingy going for the last 7-8 yrs without any major hacks or flaws). Back to the point, if the Segwitx2 guys activate the Segwitx2 code it means segwit will activate via a buggy code which threatens to force a block increase in a few months which will then prevent or make it difficult for normal people to download the bitcoin blockchain as it will use up too much computer memory. Again back to the point, if segwit activates via this Segwitx2 code, then the BIP148 will be pointless because it will ONLY reject non segwit blocks however the blocks will be "segwit blocks" so BIP148 will accept the blocks because segwit would have been activated although it would be activated through this buggy Segwitx2 code.

So to finalize, Bitcoin will have segwit BUT not organically. It will upgrade via a risky piece of code (segwitx2 code) and whats worse is that the Core Devs will be shunned and banished from the Bitcoin protocol. And whats even worse still, the other part of the deal (the "x2" part of the segwitx2) will push Bitcoin through a HARDFORK in Novemeber to force a blocksize increase. By the way the Segwitx2 code is not a code produced by the best guys in this field (the core devs), its infact produced by some other guys who are being backed by some guys from the far east and some guys who own some of the big bitcoin businesses (all these guys may all have a common agenda).

From what i have gathered, Bitcoin will be hijacked by these "guys" BEFORE August 1st and August 1st is nothing but a smoke screen and by then Bitcoin would have swallowed the poision pill which is segwitx2.

I for one want Bitcoin to remain the same as it is RIGHT NOW. The "status quo Bitcoin" is SAFE and in time we can all come together with a better plan to scale Bitcoin SAFELY. And who knows Mr Satoshi might even reappear and guide us all. Jk.

This summer will be very interesting in regards to the Bitcoin protocol. Im guessing a non event. In others NOTHING will happen (like the year 2000 when everyone said all the worlds computers would switch off). Bitcoin will remain 100% the same as it is today and we will most likely get a scaling solution sometime at the end of the year. The BIP148 was a threat to the miners to call their bluff. But the miners are being very brave here, they know they have power and they are also being backed by the majority of big bitcoin businesses and organisations. The small guy (i.e. the user has NO say here. Sad but true).

This is what I call the "Satoshi Risk".
If satoshi ever unloads his millions of Bitcoins on to the market, we are all finito.

Ethereum is NOT a store of value like gold/silver/bitcoin/litecoin. Its a speculative asset (meaning the price can go up and can go down). Ethereum tokens (ether) is used to fuel the ethereum network, so it is like OIL! Would you put your money in barrels of oil as a store of value? or would you put your money in digital gold/silver coins (bitcoin and litecoin) ?


PS : I am stating facts... so no counter-arguments please!

Bitcoin will NOT split and it will NOT scale.
Bitcoin will remain the same as it is today for the next 6-8 months. I.e. Status Quo

August 1st will be a non event. Bitcoin will mostly likely not scale until early 2018.
As you can see Bitcoin does NOT need to scale now. The mempool is back to acceptable levels and the network fees have decreased substantially. Bitcoin "status quo" is better than Bitcoin "segwit2x" or any other messy/rash upgrade. Bitcoin does not need to rush this upgrade or it might well regret it in the future.

Says the Junior member...

August 1st will be a non event. Bitcoin will more than likely not scale until the end of the year or early 2018.
The bear market will continue until the second quarter of 2018 (except for a limited number of altcoins which will increase in value during this bear cycle).

Remember guys this is the Crypto-Market and things can change very quickly and although the markets look stable now, things can change big time so trade with caution. Btw, Im guessing the last week of July will be a rollercoaster!