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Author Topic: This is going to be good for Bitcoin some day, HODL  (Read 1575 times)
hector3115 (OP)
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March 18, 2017, 07:19:11 PM
 #1

As much as it does hurt now, I do think this is best for Bitcoin long term.  The two sides are too far apart on scaling.  Consensus will not happen and it will fork it seems. 

Now here's the good news.  We will be issued coins of the forked off chain as well.  So you can hold both and see which one wins out. 

Now with the BU people gone from the current chain, segwit and lightning will go through with ease and BU will have their bigger blocks and faster transaction times.  We will see which one people gravitate to and that chain will win and become stronger than ever.

This is the natural progression that BTC will have to go through to grow.  Its the way it was designed. 

And ETH and DASH and all the other crap would be so lucky if they had to deal with this one day.  This being an issue for Bitcoin is a sign of success.

HODL!  Who ever thought this shit would be easy?

BUY CRYPTO AT REASONABLE RATES
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March 18, 2017, 07:24:20 PM
 #2

Right.
Consider this a buying opportunity for some cheap coins.
Investing in bitcoin is not for the weak of heart.
Buy and hodl on!
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March 18, 2017, 08:13:07 PM
 #3

Do people ever suggest anything but hold?

Here is an alternate idea, Bitcoin forks, we all have some new Bitcoin unlimited and some Bitcoin core. It gets that bit more complicated for everyone to use and understand.  People who didn't want to have alts now do have and alt.

Trust in Bitcoin is lost as once it forks once, it could again, and again. People decide that it is safer to cash out. The price of both Bitcoins fall and everyone is a loser. As BU exists segwit isn't needed, so we have one massive blockchain and one smaller very limited one.  It will hardly draw in new users will it!

When someone decides to try out Bitcoin in the future they will be asked if they want BU or core. They will ask what the difference is and why there are two, get bored and leave it alone. I wouldn't blame them either.
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March 18, 2017, 08:38:20 PM
 #4

Do people ever suggest anything but hold?

Here is an alternate idea, Bitcoin forks, we all have some new Bitcoin unlimited and some Bitcoin core. It gets that bit more complicated for everyone to use and understand.  People who didn't want to have alts now do have and alt.

Trust in Bitcoin is lost as once it forks once, it could again, and again. People decide that it is safer to cash out. The price of both Bitcoins fall and everyone is a loser. As BU exists segwit isn't needed, so we have one massive blockchain and one smaller very limited one.  It will hardly draw in new users will it!

When someone decides to try out Bitcoin in the future they will be asked if they want BU or core. They will ask what the difference is and why there are two, get bored and leave it alone. I wouldn't blame them either.


Oh well, we always knew that bitcoin can fork again and again and again! Or did we?  Wink

Hodl
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March 18, 2017, 09:05:11 PM
 #5

Do people ever suggest anything but hold?

Here is an alternate idea, Bitcoin forks, we all have some new Bitcoin unlimited and some Bitcoin core. It gets that bit more complicated for everyone to use and understand.  People who didn't want to have alts now do have and alt.

Trust in Bitcoin is lost as once it forks once, it could again, and again. People decide that it is safer to cash out. The price of both Bitcoins fall and everyone is a loser. As BU exists segwit isn't needed, so we have one massive blockchain and one smaller very limited one.  It will hardly draw in new users will it!

When someone decides to try out Bitcoin in the future they will be asked if they want BU or core. They will ask what the difference is and why there are two, get bored and leave it alone. I wouldn't blame them either.

This could happen, but people wondering that it could happen in the future would those that provoqued the hardfork, since people not supporting the secession are still on the main chain and do not have to wonder what is happening to Bitcoin Unlimited fools.
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March 18, 2017, 09:11:42 PM
 #6

This is the natural progression that BTC will have to go through to grow.  Its the way it was designed.  

And ETH and DASH and all the other crap would be so lucky if they had to deal with this one day.  This being an issue for Bitcoin is a sign of success.

HODL!  Who ever thought this shit would be easy?

too many people here treat it like a computer program when they're theorising but in reality the money thing comes first by a country mile. the most important thing with money is faith, even more so with something that's backed only by mutual agreement.

disagreement is there but it's on the fringes while the actual subject hums along just fine. if that disagreement actually screws with the day to day operation of all this then i don't think there's any coming back from it.
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March 18, 2017, 09:20:28 PM
 #7

Good time to do some trading imo, not necessarily holding.

But yeah, long term bitcoin is still bullish for me.

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March 18, 2017, 09:21:08 PM
 #8

This is the natural progression that BTC will have to go through to grow.  Its the way it was designed.  

And ETH and DASH and all the other crap would be so lucky if they had to deal with this one day.  This being an issue for Bitcoin is a sign of success.

HODL!  Who ever thought this shit would be easy?

too many people here treat it like a computer program when they're theorising but in reality the money thing comes first by a country mile. the most important thing with money is faith, even more so with something that's backed only by mutual agreement.

disagreement is there but it's on the fringes while the actual subject hums along just fine. if that disagreement actually screws with the day to day operation of all this then i don't think there's any coming back from it.

Yep, either way you and I agree that bitcoins are money (a few other people here agree it seems) so there will always be value. The only risk is that the value is higher or lower.

A fork wouldn't be the end of the world so I'm not sure why people think it's such a big deal that they need to sell bitcoins.
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March 18, 2017, 09:30:28 PM
 #9

Right.
Consider this a buying opportunity for some cheap coins.
Investing in bitcoin is not for the weak of heart.
Buy and hodl on!

No guts no glory!

HODLING!!!!

hector3115 (OP)
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March 18, 2017, 09:39:59 PM
 #10

This is bitcoin's civil war and after a lot of blood is spilled, we'll be stronger in the end.

Kids will read about us hodlers in the history books!

BUY CRYPTO AT REASONABLE RATES
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March 18, 2017, 09:53:23 PM
 #11

I wish to see you above 1000$ again!! Embarrassed
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March 18, 2017, 10:04:46 PM
 #12

As much as it does hurt now, I do think this is best for Bitcoin long term.  The two sides are too far apart on scaling.  Consensus will not happen and it will fork it seems. 

Now here's the good news.  We will be issued coins of the forked off chain as well.  So you can hold both and see which one wins out. 

Now with the BU people gone from the current chain, segwit and lightning will go through with ease and BU will have their bigger blocks and faster transaction times.  We will see which one people gravitate to and that chain will win and become stronger than ever.

This is the natural progression that BTC will have to go through to grow.  Its the way it was designed. 

And ETH and DASH and all the other crap would be so lucky if they had to deal with this one day.  This being an issue for Bitcoin is a sign of success.

HODL!  Who ever thought this shit would be easy?

Still confused why people are still getting into dash when it's value is obviously highly inflated?

We simply do not see bitcoin at a sub-$1k levels that much any more. Right now bitcoin is at $980 or even less on some exchanges. I think it is a good time to buy in even though there is all this negativity about the hard fork.

There will be some day where the hard fork question will be solved, and that will be when BTC rises like a rocket.

I'm saving my coins in a cold storage wallet.
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March 18, 2017, 10:15:20 PM
 #13

If core adopts segwit,  how is that good?

Hey look we have this super complex code that people barely understand and gives the blockstream corporation and banksters direct control over bitcoin, let's adopt that!

There is no good way for this to end really.

For a long time i believed it wasn't too late yet.
Now i realize i was just fooling myself, the solution should have been coded and implemented years ago by the devs that still cared about code and economic freedom. Not by the banks and corporations taking over bitcoin now.

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March 18, 2017, 10:17:44 PM
 #14

Still confused why people are still getting into dash when it's value is obviously highly inflated?

because that's what normal people do. they're the very last to get on the hype train and they're the ones who feed the people who created it.

where were the people asking about bitcoin when it was stuck at $250 or xmr when it was 25 cents? they thought it was a dud because there wasn't enough hype. this attitude is as old as humans themselves and it'll never change.
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March 18, 2017, 11:21:39 PM
 #15

It seems that BU nodes are rapidly becoming less and less!

Have a look http://xtnodes.com/#bitcoin_unlimited
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March 18, 2017, 11:36:41 PM
 #16

I already cashed my bitcoins out near the ATH so right now i'm fine with the way things are going... The more drop the better.

When the price drops to a level that is around $700, i'll be able to buy in cheap coins at the price level of last year, which is great. No matter how low it drops there is going to be people buying in at that level, including me.

Remember don't always follow the crowd.

The crowd is full of emotions and hype. When it rises everyone shouts "bitcoin is great" "long live bitcoin" and when it drops everyone says "bitcoin is dead".

That process has gone on for the entire 9 years bitcoin has been in existence.
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March 19, 2017, 12:25:27 AM
 #17

I already cashed my bitcoins out near the ATH so right now i'm fine with the way things are going... The more drop the better.

When the price drops to a level that is around $700, i'll be able to buy in cheap coins at the price level of last year, which is great. No matter how low it drops there is going to be people buying in at that level, including me.

Remember don't always follow the crowd.

The crowd is full of emotions and hype. When it rises everyone shouts "bitcoin is great" "long live bitcoin" and when it drops everyone says "bitcoin is dead".

That process has gone on for the entire 9 years bitcoin has been in existence.
Simply put buy if you want sell if you want too right? Its good for you that you have sold near the ATH. For now I too will wait for the levels that is around 700$ to rebuy again since it is high right now for me. I will just also hold the coins I have remaining trusting that bitcoin will go up again. I just hope that history won't repeat itself now because if it did, it will drop more until it drops to a very low price.
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March 19, 2017, 12:29:53 AM
 #18

The only problem with trading around with Bitcoin is you can get caught and miss big gains. 

What if some news comes out the jihan Wu is waving the white flag and is talking to core about a compromise?

Price would shoot up $500 in a matter of minutes and not only would your gains be gone but you'd be in the red.

With Bitcoin in my opinion there is only one way to play it and that's HODL.

BUY CRYPTO AT REASONABLE RATES
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March 19, 2017, 08:47:54 AM
 #19

It seems that BU nodes are rapidly becoming less and less!

Have a look http://xtnodes.com/#bitcoin_unlimited

well you can have a look at the mined blocks segwit vs BU
http://xtnodes.com/#bitcoin_classic_blocks
it seems that BU blocks number is growing fast while segwit blocks remain same
but xnodes is a known pro-Bitcoin unlimited site
so I would not take their data for granted:



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March 19, 2017, 08:57:59 AM
 #20

It seems that BU nodes are rapidly becoming less and less!

Have a look http://xtnodes.com/#bitcoin_unlimited

well you can have a look at the mined blocks segwit vs BU
http://xtnodes.com/#bitcoin_classic_blocks
it seems that BU blocks number is growing fast while segwit blocks remain same
but xnodes is a known pro-Bitcoin unlimited site
so I would not take their data for granted:




I was trying to say that BU got that crazy chinese miner and have high hash rate, but they don't have support from many people in terms of nodes.
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March 19, 2017, 09:01:11 AM
 #21

The only problem with trading around with Bitcoin is you can get caught and miss big gains. 

What if some news comes out the jihan Wu is waving the white flag and is talking to core about a compromise?

Price would shoot up $500 in a matter of minutes and not only would your gains be gone but you'd be in the red.

With Bitcoin in my opinion there is only one way to play it and that's HODL.

Keeping your bitcoins in your wallet, a software wallet, is actually the best thing to do considering the tremendeous situation we are actually living. And in case the Bitcoin splits, you will end up with the two currencies and you will be able to keep your funds on the dominant chain.
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March 19, 2017, 09:07:20 AM
 #22

I already cashed my bitcoins out near the ATH so right now i'm fine with the way things are going... The more drop the better.

When the price drops to a level that is around $700, i'll be able to buy in cheap coins at the price level of last year, which is great. No matter how low it drops there is going to be people buying in at that level, including me.

Remember don't always follow the crowd.

The crowd is full of emotions and hype. When it rises everyone shouts "bitcoin is great" "long live bitcoin" and when it drops everyone says "bitcoin is dead".

That process has gone on for the entire 9 years bitcoin has been in existence.
Simply put buy if you want sell if you want too right? Its good for you that you have sold near the ATH. For now I too will wait for the levels that is around 700$ to rebuy again since it is high right now for me. I will just also hold the coins I have remaining trusting that bitcoin will go up again. I just hope that history won't repeat itself now because if it did, it will drop more until it drops to a very low price.


That would be a long wait to happen as you can see there's certain good movements that tellin for good flactuation on bitcoins, But we can't tell also if this one will continue so for us to now lets monitor and play to earn for now. But also for i will just play for its sudden flactuation and make some short trades so that i can earn for its fuzzy movements and  maybe if i would buy and hodl if i can see some good pointers that bitcoins will regain its strength again and pump for more.

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March 19, 2017, 09:13:14 AM
 #23

And ETH and DASH and all the other crap would be so lucky if they had to deal with this one day.  This being an issue for Bitcoin is a sign of success.

the funny thing about all these other coins that are claiming to be better than bitcoin is that they can't even handle 1/10 of bitcoin traffic!
i love to see hoe ETH is going to be when it starts having some real transactions take place and the blockchain of it bloats fast, the same for DASH.
people are crying their hearts out because bitcoin blockchain is nearing 100 GB after 8 years and ETH has the same size of blockchain and it has not even been around that long! let it have more transactions and we see how node count of it drop to zero and its network be finally effed!

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Chrismeister
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March 19, 2017, 08:31:47 PM
 #24

And ETH and DASH and all the other crap would be so lucky if they had to deal with this one day.  This being an issue for Bitcoin is a sign of success.

the funny thing about all these other coins that are claiming to be better than bitcoin is that they can't even handle 1/10 of bitcoin traffic!
i love to see hoe ETH is going to be when it starts having some real transactions take place and the blockchain of it bloats fast, the same for DASH.
people are crying their hearts out because bitcoin blockchain is nearing 100 GB after 8 years and ETH has the same size of blockchain and it has not even been around that long! let it have more transactions and we see how node count of it drop to zero and its network be finally effed!

It's true that this kind of attention is good for bitcoin because parties acknowledge how big this is for bitcoin. What I do want to see is a some how a consensus between all.
We are all in the same boat right?
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March 19, 2017, 09:09:07 PM
 #25

This is the natural progression that BTC will have to go through to grow.  Its the way it was designed.  

And ETH and DASH and all the other crap would be so lucky if they had to deal with this one day.  This being an issue for Bitcoin is a sign of success.

HODL!  Who ever thought this shit would be easy?

too many people here treat it like a computer program when they're theorising but in reality the money thing comes first by a country mile. the most important thing with money is faith, even more so with something that's backed only by mutual agreement.

disagreement is there but it's on the fringes while the actual subject hums along just fine. if that disagreement actually screws with the day to day operation of all this then i don't think there's any coming back from it.

Yep, either way you and I agree that bitcoins are money (a few other people here agree it seems) so there will always be value. The only risk is that the value is higher or lower.

A fork wouldn't be the end of the world so I'm not sure why people think it's such a big deal that they need to sell bitcoins.
I like the way you see it, not a big deal? Well, I will agree with you if bitcoin could make it better as I believe it can.
We have devs team, miners and users who support bitcoin, as long as this community stand still, bitcoin will keep developing.
Yes, it is a way that bitcoin should encounter but only time will tell how it going through.
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March 19, 2017, 09:16:19 PM
 #26

I think it's unlikely that this fork will happen, I'm not seeing as much support for this as some people think. From my point of view, this is the worst time to panic.

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hector3115 (OP)
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March 20, 2017, 02:08:35 AM
 #27

I don't pretend to know which side of the fork would be the one chosen by the public.  My advise would be to HODL both and let the market decide.  Who knows maybe both will survive?  One for fast, no fee micro payments and the other for a digital gold. 

Digital gold is the reason I HODL but thats just me.

BUY CRYPTO AT REASONABLE RATES
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veleten
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March 21, 2017, 01:16:14 AM
 #28

I don't pretend to know which side of the fork would be the one chosen by the public.  My advise would be to HODL both and let the market decide.  Who knows maybe both will survive?  One for fast, no fee micro payments and the other for a digital gold. 

Digital gold is the reason I HODL but thats just me.

yes,HODL seems like the best way at the moment
lets hope that the freaks bears will not drive the price down with their manipulative news
in case of BU taking over we are going to have double the amount of coins to spend Smiley
and due to the anti deflationary mechanics inbuilt in bitcoin it just simply cannot lose too much value

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iePlay NoweiI
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RoommateAgreement
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March 21, 2017, 03:37:45 AM
 #29

these days, with all the fights and bullshit FUD the only group that is being affected is the regular users and newcomers. they see the drop, they see the bullshit and lies which is flying around everywhere and they will run away. and then in a month or couple when things go away and back to normal you hear people ask why bitcoin is not yet adopted!

Buying the dip...
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