Why Does Anyone Think BTC Splitting into Two Will Make BU Go to the Moon?

[umaOuma]

Splitting BTC will take price to hell because most users and investors will splitted also and they will lose faith in bitcoin,but a good solution to bitcoin transaction fees will take bitcoin to moon for sure,If not unlimited then atleast block size should be increased to 2MB.

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[tk3609]

No one would bother with BU Coin, everyone is going to stay with BTC and that shitcoin will fall to 3$ where is its place.

[Hazir]

I don't want bitcoin to split, and except radical BU fanatics or idiots there is no one who would like that either.
I think it would be the worst what could happen and clear sign that we don't have united community but instead tyranny is taken over BTC.
There is high a chance that one chain of BTC will become economically superior - but I don't want to test which one will it be.

[Text]

No need to split bitcoin into two, for what? I would stick to BTC of what it is now, other coins are just making a bad image like this BU, they can't take over the place. Still many adopters continue on choosing bitcoin as their main crypto-currency.

[jonald_fyookball]

I don't get it.  It will actually be bad for BOTH chains if indeed Bitcoin forks into two.  Some people who are following the space could see this as a weakness and another reason not to start investing or accepting BTC as payments.  Imagine if you were a merchant and you have to go thru and be involved in this sh*t, with all the debates and the drama.  And worst of all the uncertainty of BTC's future.

Because one of them wants to allow Bitcoin to scale, the other doesn't. duh

[freedomno1]

I don't get it.  It will actually be bad for BOTH chains if indeed Bitcoin forks into two.  Some people who are following the space could see this as a weakness and another reason not to start investing or accepting BTC as payments.  Imagine if you were a merchant and you have to go thru and be involved in this sh*t, with all the debates and the drama.  And worst of all the uncertainty of BTC's future.

It presumes that development will continue on both chains and that adoption of both chains will grow to surpass the current usage of the single chain we use now. The idea is that Bitcoin is still in an early usage state and not mainstream so if this type of fork happens it is possible that both chains can still grow and appreciate from new users entering into the ecosystem. The ideal though is to remain a single chain because two chains impacts the value of all other coins relative to Bitcoin and Bitcoin B and brings forth a lot of short term drama that is not enjoyable. Merchants will need to choose a side unless the payment processor accepts both, Bitcoin machines will need to choose a chain unless they accept both and maybe add a few alt-coins etc.

[anonbit992]

I don't get it.  It will actually be bad for BOTH chains if indeed Bitcoin forks into two.  Some people who are following the space could see this as a weakness and another reason not to start investing or accepting BTC as payments.  Imagine if you were a merchant and you have to go thru and be involved in this sh*t, with all the debates and the drama.  And worst of all the uncertainty of BTC's future.

Because one of them wants to allow Bitcoin to scale, the other doesn't. duh

I think merchants will support BTC more than BU at least in the beginning because they have been using bitcoin for sometime now and all of a sudden they may not be comfortable in accepting BU. Yes, it can cause some uncertainties which can make the price to correct in the case of BTC. And BU like any other altcoin may get pumped and then dumped, like what happened to Zcash.

[Qartada]

Merchants don't always have to have too deep an understanding of Bitcoin and they shouldn't have to partake in this.  I think that most will still use their old BTC for at least a while after a fork unless the BU price rises too much.

[freedomno1]

I don't get it.  It will actually be bad for BOTH chains if indeed Bitcoin forks into two.  Some people who are following the space could see this as a weakness and another reason not to start investing or accepting BTC as payments.  Imagine if you were a merchant and you have to go thru and be involved in this sh*t, with all the debates and the drama.  And worst of all the uncertainty of BTC's future.

Because one of them wants to allow Bitcoin to scale, the other doesn't. duh

I think merchants will support BTC more than BU at least in the beginning because they have been using bitcoin for sometime now and all of a sudden they may not be comfortable in accepting BU. Yes, it can cause some uncertainties which can make the price to correct in the case of BTC. And BU like any other altcoin may get pumped and then dumped, like what happened to Zcash.

It depends many merchants rely on other services to process their sales and are not Point of Sale service providers themselves.
If the main merchant networks decide to accept both forks as valid proof of payment options immediately or add Ethereum, Dash, Litecoin etc onto their list of accepted payment options then it would reduce some uncertainty.

The risk then shifts to the price the merchant sells the product for, the merchant provider already knows that Bitcoin can be volatile unless they have an option to convert their purchases immediately to cash so they may choose instead to keep a portion of the Bitcoin from their sales and accept the coins or sell them immediately resulting in more downward pressure.

In essence the merchant only knows something is up when a customer transacts with a chain the Point of Sale Terminal does not support, otherwise it can be relatively seamless but at the immediate fork only Core would be accepted since merchants would need to update the terminals.

[wxa7115]

I don't get it.  It will actually be bad for BOTH chains if indeed Bitcoin forks into two.  Some people who are following the space could see this as a weakness and another reason not to start investing or accepting BTC as payments.  Imagine if you were a merchant and you have to go thru and be involved in this sh*t, with all the debates and the drama.  And worst of all the uncertainty of BTC's future.

I suppose those that think BU will skyrocket are fully behind BU but the truth is if a fork happened then I expect a crash to follow immediately after the fork happen as uncertainty takes over the markets and some use this opportunity to spread even more FUD to try to crash the price even further.

[hase0278]

I don't get it.  It will actually be bad for BOTH chains if indeed Bitcoin forks into two.  Some people who are following the space could see this as a weakness and another reason not to start investing or accepting BTC as payments.  Imagine if you were a merchant and you have to go thru and be involved in this sh*t, with all the debates and the drama.  And worst of all the uncertainty of BTC's future.

I suppose those that think BU will skyrocket are fully behind BU but the truth is if a fork happened then I expect a crash to follow immediately after the fork happen as uncertainty takes over the markets and some use this opportunity to spread even more FUD to try to crash the price even further.

I agree with you that BU being accepted and fork happening will crash btc price immediately if not slowly but surely. BU might not make price to the moon and even if it split into two, I think people will just look on to the BTC that exist before fork happens disregarding BU and will result to it dying. I just really hope that this debates comes to a close so that bitcoin can be on a constant rise again.

[X-ray]

I don't get it.  It will actually be bad for BOTH chains if indeed Bitcoin forks into two.  Some people who are following the space could see this as a weakness and another reason not to start investing or accepting BTC as payments.  Imagine if you were a merchant and you have to go thru and be involved in this sh*t, with all the debates and the drama.  And worst of all the uncertainty of BTC's future.

I suppose those that think BU will skyrocket are fully behind BU but the truth is if a fork happened then I expect a crash to follow immediately after the fork happen as uncertainty takes over the markets and some use this opportunity to spread even more FUD to try to crash the price even further.

I agree with you that BU being accepted and fork happening will crash btc price immediately if not slowly but surely. BU might not make price to the moon and even if it split into two, I think people will just look on to the BTC that exist before fork happens disregarding BU and will result to it dying. I just really hope that this debates comes to a close so that bitcoin can be on a constant rise again.

That case is same with ethereum and ethereum classic. It will probably make the price of bitcoin down for a short time but that's just a short-term panic sells.

Looks like the BU worthless coin will never be released in the future. I hate a fork and it will destroy anything.

[Qartada]

I don't get it.  It will actually be bad for BOTH chains if indeed Bitcoin forks into two.  Some people who are following the space could see this as a weakness and another reason not to start investing or accepting BTC as payments.  Imagine if you were a merchant and you have to go thru and be involved in this sh*t, with all the debates and the drama.  And worst of all the uncertainty of BTC's future.

I suppose those that think BU will skyrocket are fully behind BU but the truth is if a fork happened then I expect a crash to follow immediately after the fork happen as uncertainty takes over the markets and some use this opportunity to spread even more FUD to try to crash the price even further.

I agree with you that BU being accepted and fork happening will crash btc price immediately if not slowly but surely. BU might not make price to the moon and even if it split into two, I think people will just look on to the BTC that exist before fork happens disregarding BU and will result to it dying. I just really hope that this debates comes to a close so that bitcoin can be on a constant rise again.

That case is same with ethereum and ethereum classic. It will probably make the price of bitcoin down for a short time but that's just a short-term panic sells.

Looks like the BU worthless coin will never be released in the future. I hate a fork and it will destroy anything.

The Bitcoin fork is not the same as Ethereum.  Ethereum is in early days and its fork was essential to its development.  Bitcoin on the other hand is huge and is owned by some people who just don't care about this and don't need to consider it.  The fork would fall to the ground.

[wxa7115]

I don't get it.  It will actually be bad for BOTH chains if indeed Bitcoin forks into two.  Some people who are following the space could see this as a weakness and another reason not to start investing or accepting BTC as payments.  Imagine if you were a merchant and you have to go thru and be involved in this sh*t, with all the debates and the drama.  And worst of all the uncertainty of BTC's future.

I suppose those that think BU will skyrocket are fully behind BU but the truth is if a fork happened then I expect a crash to follow immediately after the fork happen as uncertainty takes over the markets and some use this opportunity to spread even more FUD to try to crash the price even further.

I agree with you that BU being accepted and fork happening will crash btc price immediately if not slowly but surely. BU might not make price to the moon and even if it split into two, I think people will just look on to the BTC that exist before fork happens disregarding BU and will result to it dying. I just really hope that this debates comes to a close so that bitcoin can be on a constant rise again.

That case is same with ethereum and ethereum classic. It will probably make the price of bitcoin down for a short time but that's just a short-term panic sells.

Looks like the BU worthless coin will never be released in the future. I hate a fork and it will destroy anything.

I also disagree with the fork but if it happen then maybe enough miners will get out of bitcoin and that will allow for the activation of segwit which seems to be the preferred solution for most of the forum members and in that way we will be able to move forward.

[rajasumi3]

it is likely that with the split between btc and bu there will be a increase in the price of bu and the price of btc may go down ,well it is uncertain.lets hope for the best of the future.

[Wind_FURY]

I don't get it.  It will actually be bad for BOTH chains if indeed Bitcoin forks into two.  Some people who are following the space could see this as a weakness and another reason not to start investing or accepting BTC as payments.  Imagine if you were a merchant and you have to go thru and be involved in this sh*t, with all the debates and the drama.  And worst of all the uncertainty of BTC's future.

Because one of them wants to allow Bitcoin to scale, the other doesn't. duh

It is not really as simple as that. The incompetence of the BU developers is also at play here and it will be a very important point to emphasize that they do not deserve to be in the position of the Core developers. I have nothing against BU and what its trying to acheive. But please find better developers.

[wxa7115]

it is likely that with the split between btc and bu there will be a increase in the price of bu and the price of btc may go down ,well it is uncertain.lets hope for the best of the future.

If a split happen I don’t think any of the coins, bitcoin or BU, is going to go up at that point uncertainty will hit the markets as we have not seen in a lot of time, while I don’t have statistic to back up my claim, I think we are going to see prices so low we have not seen in a lot of time.