So, what's up with the price?

[BitHodler]

Maybe it's just the Winlkevoss Twins selling off a portion of their hodlings, since, you know...

Or Roger Ver is selling his 300 000 fortune, because he already know that BTU will win battle and remove BTC from market..  

Allow me to enlighten you a little. Read this http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

I also believe that you have automatic BTU if the fork splits the blockchain. Please correct me if I am wrong. And if not, you already have BTC that will become BTU. So no need for Roger Ver to do anything.

Or maybe he wants to split the blockchain so that he will double his 300,000 fortune.

Indeed, no need to panic sell as our bitcoin will doubled (in BTU) if that condition really happen just like ethereum did last year.
We can't do anything about it and just wait for them accomplish consensus. I consider this recent decline as normal fluctuate on bitcoin environment because if it doesn't goes up, it will fall down.

It's not really that your coins get doubled, but I understand what you mean. In case of an unsuccessful fork, people will have an equal amount of coins in both chains.

In case of a properly carried out fork, there will not be a chain split, and thus you won't have to deal with all the hassle around it.

However, in current circumstances there is no way that the fork will be carried out properly. I find it mind boggling that it has come this far. This isn't helping Bitcoin move forward..

[leowonderful]

Unfortunately if the fork doesn't go well then both chains will be dumped on as people sell their freely doubled coins. Just hope that doesn't happen, as that will bring price on both chains down. It'll be another ETC-ETH problem, I just hope price doesn't dip too much in that scenario.

[york780]

Those weak hands. Some people will never understand. Momentum is broken. Slow recovery to 1070 EUR is underway. After that we brake to 800 EUR because of activation Segwit. Dont miss this recovery chance!  Hodl until we reach 1070 EUR.

[randy8777]

Those weak hands. Some people will never understand. Momentum is broken. Slow recovery to 1070 EUR is underway. After that we brake to 800 EUR because of activation Segwit. Dont miss this recovery chance!  Hodl until we reach 1070 EUR.

there is no activation of segwit, what are you talking about?

[york780]

Not yet. But when it comes we are going to the 800 EUR area.

[Iranus]

Lets got something clear :

-mister X has got 10 BTC in his wallet.

-Fork happens and mister X shits his pants and sells his BU coin.

-Coin sold, wallet empty trash BU sold

I dont get it why you say we can double our coins at the fork? When you sell them they are gone right?

Yes but what are you selling them for?  You're selling them to get more Bitcoin.  Obviously not everyone is going to profit from this, but if you believe that the BU coin is going to fail, you can sell it earlier than other people while the desperate BU supporters are trying to pump it, and then boom, you have far more Bitcoin.

[york780]

But then i sell my core bitcoin for Segwit bitcoin and the amount of coins stays the same right? How can i increase my coin then?

[randy8777]

But then i sell my core bitcoin for Segwit bitcoin and the amount of coins stays the same right? How can i increase my coin then?

you are mixing things up. the "battle" is between segwit (core) and bucoin (bu). bucoin will be nothing more than an altcoin. if you calculate from there, then it's basically free money in case the fork creates 2 seperate blockchains and you sell bucoin.

[AngelSky]

Unfortunately if the fork doesn't go well then both chains will be dumped on as people sell their freely doubled coins. Just hope that doesn't happen, as that will bring price on both chains down. It'll be another ETC-ETH problem, I just hope price doesn't dip too much in that scenario.

Btc forking is always falls ehen two miners find the valid hash within a short space of time. Small forks happens usually often in blockchain naturally. I noticed that ETH has been increased in value from 2 days and bitcoin is fluctuated today as of now.

[AdolfinWolf]

But then i sell my core bitcoin for Segwit bitcoin and the amount of coins stays the same right? How can i increase my coin then?

you are mixing things up. the "battle" is between segwit (core) and bucoin (bu). bucoin will be nothing more than an altcoin. if you calculate from there, then it's basically free money in case the fork creates 2 seperate blockchains and you sell bucoin.

But is this why the price drops so much right now?
Am i missing something?

I see that the price went from 1250$ to 1000$ in less then 2 days. Does this all have to day with the battle between SegWit and BU?

[randy8777]

But then i sell my core bitcoin for Segwit bitcoin and the amount of coins stays the same right? How can i increase my coin then?

you are mixing things up. the "battle" is between segwit (core) and bucoin (bu). bucoin will be nothing more than an altcoin. if you calculate from there, then it's basically free money in case the fork creates 2 seperate blockchains and you sell bucoin.

But is this why the price drops so much right now?
Am i missing something?

I see that the price went from 1250$ to 1000$ in less then 2 days. Does this all have to day with the battle between SegWit and BU?

yep. bucoin has already an advantage when it comes to pools signalling support, but the fact that bucoin needs a support percentage far lower than segwit to activate, is what gets the market shaking. as you can see the price went even briefly below $1000 just now. it's very sad seeing the market go full panic for nothing. nothing in the way that all of this could have been prevented by pools supporting segwit.

[Wind_FURY]

Maybe it's just the Winlkevoss Twins selling off a portion of their hodlings, since, you know...

Or Roger Ver is selling his 300 000 fortune, because he already know that BTU will win battle and remove BTC from market..  

Allow me to enlighten you a little. Read this http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/
I also believe that you have automatic BTU if the fork splits the blockchain. Please correct me if I am wrong. And if not, you already have BTC that will become BTU. So no need for Roger Ver to do anything.
Or maybe he wants to split the blockchain so that he will double his 300,000 fortune.

If a single individual could single handedly influence the fate of bitcoin by splitting the block chain and there by increasing his fortune will not stand in a good note with all the officials who are trying to pass the ETF  and this will be shown as a proof in the future and the growth will be shunned if anything of that sort will happen.I am not sure how these things will play out and may be people who invested in it are not willing to risk what they are not sure and so is the reason for the sell off.

Let us say I was not joking, which I am. You say that it will not leave a good note on the officials who decide on the fate of the ETF? Those same corrupt officials who accept grease money from the billionaire elite to accept their whim? The same officials who pressure some companies they do not like and use some form of political extortion?

[Kimi80]

To be honest I don`t have any clues what is happening with the price, and after I come here and read about it I`m even more confused. On one side people say one thing, on other side other, and people are arguing in trying to explain what is happening. I understand from this that bitcoin price is the reflection of the relationships in bitcoin community.

[X-ray]

Those weak hands. Some people will never understand. Momentum is broken. Slow recovery to 1070 EUR is underway. After that we brake to 800 EUR because of activation Segwit. Dont miss this recovery chance!  Hodl until we reach 1070 EUR.

Do you ever seen the activation bitcoin segwit? There will no segwit in the future and i know it. 

[Omega Weapon]

Maybe it's just the Winlkevoss Twins selling off a portion of their hodlings, since, you know...

Or Roger Ver is selling his 300 000 fortune, because he already know that BTU will win battle and remove BTC from market..  

Allow me to enlighten you a little. Read this http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

I also believe that you have automatic BTU if the fork splits the blockchain. Please correct me if I am wrong. And if not, you already have BTC that will become BTU. So no need for Roger Ver to do anything.

Or maybe he wants to split the blockchain so that he will double his 300,000 fortune.

Indeed, no need to panic sell as our bitcoin will doubled (in BTU) if that condition really happen just like ethereum did last year.
We can't do anything about it and just wait for them accomplish consensus. I consider this recent decline as normal fluctuate on bitcoin environment because if it doesn't goes up, it will fall down.

It's not really that your coins get doubled, but I understand what you mean. In case of an unsuccessful fork, people will have an equal amount of coins in both chains.

In case of a properly carried out fork, there will not be a chain split, and thus you won't have to deal with all the hassle around it.

However, in current circumstances there is no way that the fork will be carried out properly. I find it mind boggling that it has come this far. This isn't helping Bitcoin move forward..

In case of a fork the value of your BTC and your BU combined will be less than the current price of bitcoin since many investors will take a step back and decide to wait until things get clearer in the horizon.

[lumeire]

I understand from this that bitcoin price is the reflection of the relationships in bitcoin community.

Dead accurate. That actually is the main driver in this ongoing price madness.

[n0ne]

I understand from this that bitcoin price is the reflection of the relationships in bitcoin community.

Dead accurate. That actually is the main driver in this ongoing price madness.

Nothing looks to be an accurate death. The core has lost power, but seems to be the strongest than the Bitcoin unlimited. The reason is that miners now focus much on BU. Soon it might go down, because the biggest mining pool works on Bitcoin unlimited and was under the control of Wu. The same could happen to the entire community if BU is supported altogether.

[The Sceptical Chymist]

bitcoin is global and it is accepted in all countries around the world

That's actually a good point to bring up, because it does tend to get a little too U.S.-centric on this forum.  99.9999999% of the world could care less about an ETF even if they were aware of such a thing.  And what's supporting the price?  We are, and whoever else is buying bitcoin on these shady-ass exchanges.  But as we can all see, this whole shebang is pretty fragile.  We dipped below $1000 the other day, and it's entirely possible that we could get back there and even lower.