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york780
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March 23, 2017, 09:13:33 AM |
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There is no fork. Is this the bottom?  You are the worst. Just a baghodler who want other people getting burned so that you can cash out when they are getting rekt. Bitcoin needs a fork because they have to fix some serious scaling isues. ?? I do not need anyone to do anything. I've invested in bitcoin and I'm very happy that I did. Go ahead and sell your coins, I couldn't care less. Actually I hope that you leave bitcoin because you're a troll. I'm confident that the scaling issues will be resolved without causing too much trouble. Some of the most intelligent people are working in the bitcoin space. We need to scale first. The price building before that is just hot air. |
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Totscha
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March 23, 2017, 09:13:56 AM |
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I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
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york780
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March 23, 2017, 09:16:15 AM |
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I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
I also have seen a interesting article about firing the miners. Maybe thats the final solution to make bitcoin healthy again? |
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becoin
Legendary
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Activity: 3431
Merit: 1233
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March 23, 2017, 09:20:29 AM |
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I just don't get why they don't understand that people from the rest of the world will follow Core than Unlimited.
Oh, they understand it very well. What they do is not intended to cause hard fork. What they do is intended to cause significant price drop. Shortly, they are bluffing. But bluff has also a price they will have to pay at the end. |
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savetherainforest
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March 23, 2017, 09:55:43 AM |
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I just don't get why they don't understand that people from the rest of the world will follow Core than Unlimited.
Oh, they understand it very well. What they do is not intended to cause hard fork. What they do is intended to cause significant price drop. Shortly, they are bluffing. But bluff has also a price they will have to pay at the end. Well my theory is that its a ponzi scheme, or at least a pump and dump maneuver. Split the coin in 2(double it)... then take that value and invest it back to BTC while the price is down. But... I think people from all trading platforms are reading this thread. And that meaning the price will not go down, but actually go up for the BTU ppl to get jack sh** ... *edit: But... isn't all of this... just an artificial increase in "fake pumping" if it comes back?? Meaning there will be a retracing... or they are seeking to achieve more violent / brutal volatility??  |
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Wexlike
Legendary
Offline
Activity: 1474
Merit: 1087
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March 23, 2017, 10:02:23 AM |
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I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
By activating SegWit and allowing layer2 solutions to be deployed, Bitcoin would soar in price due to higher utility and higher transaction throughput causing a stronger network effect - therefore increasing the mining revenue. I am curious if this drama is really financially profitable for this mining company. |
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toknormal
Legendary
Offline
Activity: 3066
Merit: 1188
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March 23, 2017, 10:17:35 AM |
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BU signalling is the equivalent of a false sellwall in markets.
Will get pulled once Bitmain Tech Limited are done with their buying.
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1465
Clueless!
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March 23, 2017, 10:24:31 AM |
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I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
from what I understand..with 100 btc (say you own) you get BOTH..BTC and BTU of 100 coins....thus if you just hold and one becomes worth nothing..you still have the same $$$ vs BTC winner that you had before...the price may tank but the amount of BTC you have will be the same...this of course if you did nothing.... (or do I have this wrong?) |
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savetherainforest
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March 23, 2017, 10:27:53 AM |
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I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
from what I understand..with 100 btc (say you own) you get BOTH..BTC and BTU of 100 coins....thus if you just hold and one becomes worth nothing..you still have the same $$$ vs BTC winner that you had before...the price may tank but the amount of BTC you have will be the same...this of course if you did nothing.... (or do I have this wrong?) I just said something similar to this... when they will try to move money back from BTU back to BTC... and one will go up and the other down.  |
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1465
Clueless!
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March 23, 2017, 10:47:09 AM |
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I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
from what I understand..with 100 btc (say you own) you get BOTH..BTC and BTU of 100 coins....thus if you just hold and one becomes worth nothing..you still have the same $$$ vs BTC winner that you had before...the price may tank but the amount of BTC you have will be the same...this of course if you did nothing.... (or do I have this wrong?) I just said something similar to this... when they will try to move money back from BTU back to BTC... and one will go up and the other down. exactly..but if you HOLD both ....one wins one loses...you will have NO less then 100 coins that you started with ....either BTC or BTU as a winner...then again....the coins after all this FUD and drama will likely be 200 usd each...but hey.....CHEAP COINS/CHEAP COINS/CHEAP COINS...(then again coward that I am....I would have quite the 'fret fest' thru the whole roller coster ride to determine the 'WINNER' ....assuming say BTU was to win and we have 200 buck BTC again..what do they call that a phyric victory...you burn the house down ..rather then lose the house to the invaders.....but hey...its a win it is still your house!) (silly frigging crypto hobby..I have to be out of my frigging mind.....)  |
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Totscha
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March 23, 2017, 10:53:26 AM |
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I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
from what I understand..with 100 btc (say you own) you get BOTH..BTC and BTU of 100 coins....thus if you just hold and one becomes worth nothing..you still have the same $$$ vs BTC winner that you had before...the price may tank but the amount of BTC you have will be the same...this of course if you did nothing.... (or do I have this wrong?) Yeah, that's right. You own 100 BTC in both chains. So it doesn't matter to you which one is worth more $$$ or even if one of them dies. You just have to wait patiently until the smoke clears... Miners however can only mine on one chain. So they have to choose the winning side. |
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1465
Clueless!
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March 23, 2017, 10:56:03 AM |
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I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
from what I understand..with 100 btc (say you own) you get BOTH..BTC and BTU of 100 coins....thus if you just hold and one becomes worth nothing..you still have the same $$$ vs BTC winner that you had before...the price may tank but the amount of BTC you have will be the same...this of course if you did nothing.... (or do I have this wrong?) Yeah, that's right. You own 100 BTC in both chains. So it doesn't matter to you which one is worth more $$$ or even if one of them dies. You just have to wait patiently until the smoke clears... Miners however can only mine on one chain. So they have to choose the winning side. my choice of Evil KNC Titans mining LTC to BTC the last 2 years has paid off...evil they are ..you dare not make eye contact with them doing laundy (the ones I have in basement and not data hall) ....well if you piss them off they try to brick themselves....but hey evil pays....bruahahahaha (cough) got to work on the evil laugh however.....(whew..passed on the bitmain stuff for btc miner temptation) Just to keep this on topic as a 'speculaton thread" a person needs to consider this HOW you are speculating to get BTC via method of mining and holding...my above method..or trading..or heck..whatever moves crypto of your flavor back to Bitcoin.....or so my theory goes more then one way to 'speculate' on how to get a btc hoard! |
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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March 23, 2017, 11:01:36 AM |
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I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
from what I understand..with 100 btc (say you own) you get BOTH..BTC and BTU of 100 coins....thus if you just hold and one becomes worth nothing..you still have the same $$$ vs BTC winner that you had before...the price may tank but the amount of BTC you have will be the same...this of course if you did nothing.... (or do I have this wrong?) Yeah, that's right. You own 100 BTC in both chains. So it doesn't matter to you which one is worth more $$$ or even if one of them dies. You just have to wait patiently until the smoke clears... Miners however can only mine on one chain. So they have to choose the winning side. Eh. In theory, I think. But the problem is that in theory, theory and practice are the same. In practice they're not. It makes sense that current value would be perfectly split between the two chains, but I doubt it will pan out exactly like that. One (I wouldn't dare to speculate which) might essentially be treated as an altcoin, with lower volumes and liquidity, which could be manipulated, pumped, whatever. Where there is money, hashrate will inevitably follow. Both chains will persist for a long time, even if one has 1% the market cap of the other. My guess is that total value with oscillate around pre-fork value, with some pretty wild swings. The rational thing to do is ensure you have all your own keys, sit patiently and wait it all out until the winner becomes clear, then access the BTC on that chain as normal. Unfortunately, 'rational' is an adjective that applies to neither markets nor bitcoiners. |
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elebit
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March 23, 2017, 11:01:52 AM |
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Maybe a large short position was taken out around $950 in anticipation of sales that then got unexpectedly bought up by a raging bull market? Now a very large Chinese miner and fabricator is actually under water to the extent that they are very desperate for a much lower price for its business survival? Such a desperate actor will do anything, including threatening to fork bitcoin or otherwise nuclear options, since it is going bankrupt anyway.
Mind blown. Do you think this theory holds water? What signs would point to miners taking out big shorts? The Chinese exchanges always had an enormous amount of leveraged trades, which the miners potentially could have been a big part of. But wasn't leveraged trading stopped as part of PBoC sanctions? And it doesn't look like those trades moved to Finex, they mostly disappeared. Or do you think that they still do it, but under the table? |
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promomei
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March 23, 2017, 11:06:23 AM |
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Hey guys  Is it save now to keep BTC on blockchain info and what happens with it after fork |
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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March 23, 2017, 11:06:41 AM |
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Maybe a large short position was taken out around $950 in anticipation of sales that then got unexpectedly bought up by a raging bull market? Now a very large Chinese miner and fabricator is actually under water to the extent that they are very desperate for a much lower price for its business survival? Such a desperate actor will do anything, including threatening to fork bitcoin or otherwise nuclear options, since it is going bankrupt anyway.
Mind blown. Do you think this theory holds water? What signs would point to miners taking out big shorts? The Chinese exchanges always had an enormous amount of leveraged trades, which the miners potentially could have been a big part of. But wasn't leveraged trading stopped as part of PBoC sanctions? And it doesn't look like those trades moved to Finex, they mostly disappeared. Or do you think that they still do it, but under the table? It seems highly likely that one or more Chinese exchange is under water, for one reason or another, and has been running a fractional reserve for a while. What they do about it, who knows? I don't think the conspiracy theory stacks up and there is, of course, the chance of it going the wrong way on them again |
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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March 23, 2017, 11:07:19 AM |
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Hey guys Is it save now to keep BTC on blockchain info and what happens with it after fork Just make sure you have your keys. Blockchain.info lets you access them. Do it and keep them somewhere safe |
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promomei
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March 23, 2017, 11:12:48 AM |
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Hey guys Is it save now to keep BTC on blockchain info and what happens with it after fork Just make sure you have your keys. Blockchain.info lets you access them. Do it and keep them somewhere safe ok ty  crazy stuff is going on with this unlimited bitcoin  |
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elebit
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March 23, 2017, 11:18:52 AM |
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It seems highly likely that one or more Chinese exchange is under water, for one reason or another, and has been running a fractional reserve for a while.
Who knows, we might even thank PBoC one day for softening the blow?  But if it's true that miners hold enormous shorts, I don't want to be a fiat-holder when they get closed ... |
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bitserve
Legendary
Offline
Activity: 1974
Merit: 1630
Self made HODLER ✓
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March 23, 2017, 11:21:34 AM |
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Hey guys Is it save now to keep BTC on blockchain info and what happens with it after fork Just make sure you have your keys. Blockchain.info lets you access them. Do it and keep them somewhere safe ok ty crazy stuff is going on with this unlimited bitcoin Maybe I am very wrong, but I think that any minute ANTMINER could stop signaling for BU. Or maybe in some days. But I think it have to happen. |
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