Hard Fork speculation thread

[panju1]

I am not sure, even if you have your bitcoins on exchanges i am sur eyou will have same amount in BU if they list it. So if you have 5 BTC at lest say polo then you will have 5 BU after the fork in case there will be seperate chain

having a wallet at exchanges is not much diffrent then having your own wallet. but correct me if i am wrong. ..i remember this happened with my ETH/ETC on polo

it's a terrible idea however you wanna look at it. you're leaving yourself at their mercy and their vulnerabilities.

the exchange may decide it wants nothing to do with the fork in which case you don't get free coins. even if they do love it the exchange may be gamed somehow. nobody knows how it's gonna play out.

the only sensible option is to retain control yourself.

true ,  as always is better to keep the bitcoins outside exchangers. I was just trying to make a point about a wallet is a wallet even if it is at a exchangers  and will count towards the new chain.

Do exchanges pay out interest on proof of stake coins? If not, there is nothing to make them give you both BTU and BTC in case there is a hard fork.
It is best to withdraw your bitcoins before there is a hard fork. Trouble is, we might not know when exactly the fork will take place.

[zby]

I should also add a question - what would be a good hedge for the fork. I am inclined to think that LTC should be one - all other alts has already had their rallies, LTC has been long in a bear mode, it is not the most innovative. But exactly because of the lack of innovation it is the closest alternative for BTC - so it should be a good hedge for forks in BTC.

[reddibrek]

... what would be a good hedge for the fork?

Simple strategy:

Pretty much any altcoin that has an active team / roadmap and is not peaking right now.

Ratio your investments based on market cap.

[zby]

Google trends for bitcoin hard fork are up: trends.google.pl/trends/explore?q=bitcoin%20hard%20fork

[york780]

Thanks for the link, good job! This let us see that the decline is a result of hardfork rumours what means that this decline will continue till the problem is solved. People fear a ETH / ETC scenario.

[Wind_FURY]

Google trends for bitcoin hard fork are up: trends.google.pl/trends/explore?q=bitcoin%20hard%20fork

Good thread here by the way.

For my strategy, I intend to follow Roger Ver and make a "safer" investment in Dash or maybe XMR and LTC. Roger Ver is one of the Bitcoin pioneers and he knows what he is doing, especially when to comes to cryptocurrency investment. I will start doing this if the total miners' support for BU is at 50%.

[Sundark]

I am a noob so please enlighten me about technicalities of how hard fork woks exactly.
In case of hard fork we will have 2 versions of bitcoin, just like Ethereum has classic version and standard version or there will be be only one updated version?
I always wondered why there are 2 Ethereums around and I don't want bitcoin to be divided like that as well.

[manselr]

I am a noob so please enlighten me about technicalities of how hard fork woks exactly.
In case of hard fork we will have 2 versions of bitcoin, just like Ethereum has classic version and standard version or there will be be only one updated version?
I always wondered why there are 2 Ethereums around and I don't want bitcoin to be divided like that as well.

Yes, we will have 2 coins. The original chain (BTC) and the hard forked altcoin (BTE or whatever they call it).

How will have exactly the same coins in both chains (not if they are kept at the exchanges)

So what you have to do is dump BTE before it becomes stagnant like ETC, this way you get more bitcoins for free.

But BUcoin is dead after the bug, it has no real support anymore so there will be no hard fork most likely unless Jihan Wu is on a suicide mission.

[Wind_FURY]

I am a noob so please enlighten me about technicalities of how hard fork woks exactly.
In case of hard fork we will have 2 versions of bitcoin, just like Ethereum has classic version and standard version or there will be be only one updated version?
I always wondered why there are 2 Ethereums around and I don't want bitcoin to be divided like that as well.

Yes, we will have 2 coins. The original chain (BTC) and the hard forked altcoin (BTE or whatever they call it).

How will have exactly the same coins in both chains (not if they are kept at the exchanges)

So what you have to do is dump BTE before it becomes stagnant like ETC, this way you get more bitcoins for free.

But BUcoin is dead after the bug, it has no real support anymore so there will be no hard fork most likely unless Jihan Wu is on a suicide mission.

I predict the great Jihan Wu of Bitmain will change tack and declare support for Core and Segwit just like Brian Armstrong of Coinbase did. They will realize that off chain transactions is the superior solution compared to dynamic block sizes.

[pooya87]

I am a noob so please enlighten me about technicalities of how hard fork woks exactly.
In case of hard fork we will have 2 versions of bitcoin, just like Ethereum has classic version and standard version or there will be be only one updated version?
I always wondered why there are 2 Ethereums around and I don't want bitcoin to be divided like that as well.

Yes, we will have 2 coins. The original chain (BTC) and the hard forked altcoin (BTE or whatever they call it).

How will have exactly the same coins in both chains (not if they are kept at the exchanges)

So what you have to do is dump BTE before it becomes stagnant like ETC, this way you get more bitcoins for free.

But BUcoin is dead after the bug, it has no real support anymore so there will be no hard fork most likely unless Jihan Wu is on a suicide mission.

first of all there is a possibility of that happening and it can be prevented. like the last hard fork of bitcoin that you don't even know about.
it is bullshit to say bitcoin will split if it hardforks with 100% certainty.

second of all all this drama started as a continuation of the fight between two proposals for block size issue and we are very far away from anything remotely like this happening. only one pool switched their vote to BU and it is still ~30% in total!!!

also even in case of a split in order to "dump BTE" you need to find a place that is accepting "BTE" and if like you said it is considers shit and an altcoin nobody will be accepting it. "BTE" would be an altcoin fork that no exchange lists and you would be holding nothing.

and i hope you realize that Juahn Wu (that you guys like repeating his name) is just one pool with 17% of the total 100% and there is still lots of other miners and then also there are still lots of bitcoin users (nodes) and then merchants and services,...
and its a freaking pool, people can switch if they don't agree with its decisions.

[mindrust]

"Coinbase, Bitfinex Would List Bitcoin Unlimited As “Altcoin” After Soft Fork: Mow" https://cointelegraph.com/news/coinbase-bitfinex-would-list-bitcoin-unlimited-as-altcoin-after-soft-fork-mow

That is how BU lost the name battle.

Who gives a fuck about what they say?

When all the miners convert to BU and most of the users decide to use BU instead of the core, then let's see their opinions on the subject again.

If the community decides that BU is the new bitcoin, then there is nothing to be done about it.

I hate fucking exchanges, they are cancer.

[zby]

"Coinbase, Bitfinex Would List Bitcoin Unlimited As “Altcoin” After Soft Fork: Mow" https://cointelegraph.com/news/coinbase-bitfinex-would-list-bitcoin-unlimited-as-altcoin-after-soft-fork-mow

That is how BU lost the name battle.

Who gives a fuck about what they say?

When all the miners convert to BU and most of the users decide to use BU instead of the core, then let's see their opinions on the subject again.

If the community decides that BU is the new bitcoin, then there is nothing to be done about it.

I hate fucking exchanges, they are cancer.

That is wishful thinking - you hate exchanges so you believe they have no say.

[york780]

Man i wait till all this hardfork BU storm is passed. 100 % fiat now. When we fork the price will decline with 50%, just look like Eth. A hardfork will cause a 2 year bear market.

[zby]

Man i wait till all this hardfork BU storm is passed. 100 % fiat now. When we fork the price will decline with 50%, just look like Eth. A hardfork will cause a 2 year bear market.

Don't you try your luck with alts? ETH and DASH made some nice gains. I am trying LTC, everybody gave up on it - but we'll see.

[york780]

This was the worst trading month for me ever. Lost 2k this month because of dumps. Anyway altcoins are also to much pumpd like dash and Eth. Litecoin has almost the same movement like BTC so litecoin will decrease when Bitcoin decreases. So dont buy Ltc. I think Creditbit is a good alternative while Bitcoin will continue to tumbling down. Believe me we wont go up untill scaling problem is solved.

[zby]

This was the worst trading month for me ever. Lost 2k this month because of dumps. Anyway altcoins are also to much pumpd like dash and Eth. Litecoin has almost the same movement like BTC so litecoin will decrease when Bitcoin decreases. So dont buy Ltc. I think Creditbit is a good alternative while Bitcoin will continue to tumbling down. Believe me we wont go up untill scaling problem is solved.

LTC is the closest alternative to BTC - that's why it often moves together. But this time LTC is not in danger of a fork and has SegWit much closer than BTC - so it should not be dragged down. At the same time being the most closest substitute should make it attractive as a hedge. Potentially if there is a real BTC meltdown - then for merchants it would be the easiest to switch to LTC.

The other alts are already pumped up - so look dangerous, but ETH is tempting, it is not really an alternative - it is a new thing.

[york780]

I already bought ETH at 10 EUR. But i sold it all at the same price because months of stagnating. But i think Creditbit can be really big, it is the fastest crypto and still very small and not pumped

[infofront]

I spent a lot of time looking at alts, and eventually chose XMR. Even if bitcoin does not hard fork, which is most likely, XMR has decent change of succeeding. It's the unique combination of qualities, many of which follow up on the original promises of the bitcoin project:

1. Fungible
2. Decentralized
3. Great Dev Team
4. Trailing Emissions
5. Adaptive Block Sizes
6. Not Instamined/Scammed
7. Unique Code Base
8. Everything is 100% Community Funded
9. Already in Use by Darknet Markets
10. Currently Undervalued (IMO)

[york780]

Monero undervaluated LOL, nah it almost on his ATH  .I try to buy creditbit but it is a new coin and hard to buy lol.

[VanDeinsberg12]

I spent a lot of time looking at alts, and eventually chose XMR. Even if bitcoin does not hard fork, which is most likely, XMR has decent change of succeeding. It's the unique combination of qualities, many of which follow up on the original promises of the bitcoin project:

1. Fungible
2. Decentralized
3. Great Dev Team
4. Trailing Emissions
5. Adaptive Block Sizes
6. Not Instamined/Scammed
7. Unique Code Base
8. Everything is 100% Community Funded
9. Already in Use by Darknet Markets
10. Currently Undervalued (IMO)

I think so, the drama if the bitcoin unlimited vs Core dev was hurting the bitcoin. Especially with a rumour about the upcoming hardfork and i think XMR is the best rather than bitcoin in all of the aspects.
But the popularity still hold by the bitocin itself. all of your list are true.