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Author Topic: Will bitcoin crash or moon after august/sept implementation  (Read 3271 times)
arbitrage001
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June 09, 2017, 03:02:00 PM
 #21

Once scaling issue has been solved, who know how high the price will go.
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June 10, 2017, 12:23:32 PM
 #22

Hi everybody

Heard a lot latetly about the bitcoin fork, segwit, unlimited..
Whats your thoughts on it?
Will BTC moon to 10k or will it be dump?
Please explain.

I hope good things will happen because bad things are not good for bitcoin and if bitcoin crashes then bad things are going to happen in the crypto world, and the community should be worried for this, and I think that if bitcoin price crashes and other cryptocurrencies will have a drop of their value because bitcoin affects mostly all other cryptos.
Yeah the only thing that the bitcoin holders can do is to hope for the better, but who knows what really will be happening. I am myself very much confuse for the situation that what will happen and if the market crashed what exactly will I do ?

Seriously have no idea. I have converted some of them to alts so that I may be secure for the time if the market crashes.



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June 10, 2017, 12:54:10 PM
 #23

I believe it could get messy. BIP 148 supporters are risking a blockchain split and that could set a precedent for more splits in the future from disgruntled but influential Bitcoiners.

Prepare for a price crash. But be ready to pick up cheap coins.


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June 10, 2017, 02:45:45 PM
 #24


Yeah the only thing that the bitcoin holders can do is to hope for the better, but who knows what really will be happening. I am myself very much confuse for the situation that what will happen and if the market crashed what exactly will I do ?

Seriously have no idea. I have converted some of them to alts so that I may be secure for the time if the market crashes.
Look like so many people will do this before 1st august.. or go into ETH which will be not an alt anymore.



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June 11, 2017, 11:07:38 AM
 #25

I dont think a hard fork is a good solution.
It will bring much damage to the bitcoin reputation as a solid coin.
A lot of investors would turn away because they would be afraid to invest into it.
Hope things would turn out well
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June 11, 2017, 12:07:12 PM
 #26


If you think that nothing of what I'm saying makes sense just because I believe that miners are rogue (they are selfish brutes, anyway), then you will have hard time defending your stance, i.e. proving your point for real (and no references to Nash, Nash equilibrium, and other buzz words will help you in that). Further, I said nothing (this is where it actually comes down to nothing) about Bitcoin centralization around developers. BIP148 proposal itself is about giving power (back) to the economic majority. I can't possibly see what that has to do with developers as such (unless they are the economic majority, of course)

Who lied one year ago with things like "We promise segwit with 2mb block size"... An segwit came with no blocksize increase...
Not the miners, as far as I can remember...

Sorry for my bad english Smiley
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June 11, 2017, 12:38:22 PM
 #27

I believe it could get messy. BIP 148 supporters are risking a blockchain split and that could set a precedent for more splits in the future from disgruntled but influential Bitcoiners.

Prepare for a price crash. But be ready to pick up cheap coins.

No it's the miners who would split if the don't accept SegWit!
And I'm sure if Bitmain, Antpool decides to hardfork and create Jihancoin, no one is really to follow them. A totally centralized coin, by one entity who obviously tried to stall further development or influence on their own direction, with no skilled developers, just to prevent ASICBOOST?! This chain will not survive for long!
The innovation, skills, future develoment and thrive is with SegWit and Core. And SegWit will happen as we know it now. No new stupid recoding from Jeff stupid Garzik and so on will get implemented!

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June 11, 2017, 01:56:43 PM
 #28

Both could happen.

If a fork happens there could be two chains. One chain being dominant and the other having lower hashing power. The miners would just go to the dominant one because that is what people will use.

If another chain exists let it. Nothing we can do about it anyways, posting stuff here wont change what huge mining operations are gonna do. They literally have hundreds of millions of dollars. They could just buy bitcointalk and delete it if they thought this place had any influence over them. Or ddos it forever.

My suggestion. Transfer all of your coins to a wallet you contoll the private keys. When the fork happens you control your coins and not an exchange.
Yes, exactly anything can happen at that time and to be very honest we are helpless in it.
Only one thing that we need to do is to make ourselves secure and it can definitely happen if we prefer a cold storage for our coins.
Like I have already taken aside some of my coins to the cold storage so that they may not be influenced or disturbed in this whole process.














 

 

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deisik
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June 11, 2017, 03:01:12 PM
 #29


If you think that nothing of what I'm saying makes sense just because I believe that miners are rogue (they are selfish brutes, anyway), then you will have hard time defending your stance, i.e. proving your point for real (and no references to Nash, Nash equilibrium, and other buzz words will help you in that). Further, I said nothing (this is where it actually comes down to nothing) about Bitcoin centralization around developers. BIP148 proposal itself is about giving power (back) to the economic majority. I can't possibly see what that has to do with developers as such (unless they are the economic majority, of course)

Who lied one year ago with things like "We promise segwit with 2mb block size"... An segwit came with no blocksize increase...
Not the miners, as far as I can remember...

The question right now is not about developers

It is about the economic majority if you failed to notice. This is about neither miners nor developers as such. Basically, it is about those who are using Bitcoin and represented by full nodes. Indeed, you can claim that they don't represent the majority of users and most likely you will be right (to a certain extent), but if we just compare the raw numbers, i.e. the number of miners, developers, and full nodes, the latter will likely have more right to represent Bitcoin users than the former two groups

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June 11, 2017, 04:09:28 PM
 #30

I dont think a hard fork is a good solution.
It will bring much damage to the bitcoin reputation as a solid coin.
A lot of investors would turn away because they would be afraid to invest into it.
Hope things would turn out well

We will see any hard forks in any further. Any new coin implementation will not take out the bitcoin from the usage. Why should they are afraid to invest on bitcoin. Segwit has activated 2x and price will climb to move up for sure.
BU and segwit will not let the bitcoin value and demand in the market.

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June 12, 2017, 01:06:27 AM
 #31

So much uncerainties at the moment. Maybe we should diversify our portofolio.
I am going for 25%BTC,  25%alts, 25%usdt and 25% back to fiat
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June 12, 2017, 02:47:39 AM
 #32

Price fluctuations is common with bitcoin, for the same we cannot say that bitcoin is getting crashed. This is the common thinking of people who doesn't have the real understanding. Looking at the current incidents taking place with bitcoin whether the price moons or not, but the growth continues.

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June 14, 2017, 12:48:41 PM
 #33

So much uncerainties at the moment. Maybe we should diversify our portofolio.
I am going for 25%BTC,  25%alts, 25%usdt and 25% back to fiat

Interesting, quarter on all front. Think this is wise. Im still think that bitcoin and altcoin will come even higher from this point now, expecting to see some last train alt that will surprise all, still targeting safe for the moment btc eth and ltc. Price will be uncertain for the moment of implementation we are still speculation on what might be 3k 4k, what if remains as it is.



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June 14, 2017, 03:00:41 PM
 #34

Scalability had been an issue with Bitcoin and it somehow delayed its growth and adoption, so with the implementation for possible solution on Bitcoin scaling, I think bitcoin will definitely moon.  Hype of the news will be everywhere, those who were dismayed with the long time waiting of the scalability solution will be excited again, thus creating demand from new and old users.  This means increase in price and Bitcoin mooning is a big possibility.



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June 14, 2017, 03:23:40 PM
 #35

Nobody can accurately predict the outcome at present. What I think is in the case of a chain split there’s a big chance that bitcoin will lose its value.

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June 14, 2017, 03:40:33 PM
 #36

So much uncerainties at the moment. Maybe we should diversify our portofolio.
I am going for 25%BTC,  25%alts, 25%usdt and 25% back to fiat

Interesting, quarter on all front. Think this is wise. Im still think that bitcoin and altcoin will come even higher from this point now, expecting to see some last train alt that will surprise all, still targeting safe for the moment btc eth and ltc. Price will be uncertain for the moment of implementation we are still speculation on what might be 3k 4k, what if remains as it is.


25% USDt and 25% fiat indicates 50% fiat in terms of value. So it is not quarter on all fronts.  Grin
Tether is useful if you just want to book profits and expect to re-enter crypto soon. Otherwise, I don't think there is any point in holding USDt

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June 14, 2017, 04:00:06 PM
 #37

Have to say that I am feeling extremely nervous about the whole thing. So if a split occurs, what will happen to the coins in my wallet? Do I have to move my coins to one chain, or will they be replicated on both the chains? Also, can anyone tell me whether keeping the coins in an online wallet (such as Blockchain.info) is safe or not?

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June 14, 2017, 04:45:08 PM
 #38

Have to say that I am feeling extremely nervous about the whole thing. So if a split occurs, what will happen to the coins in my wallet? Do I have to move my coins to one chain, or will they be replicated on both the chains? Also, can anyone tell me whether keeping the coins in an online wallet (such as Blockchain.info) is safe or not?

If a split happens, you will have coins on both chain. then you'll have to wait if one of them dies or like in the case of ETC, both chain survives and you can spend both of them.

Just to be safe, you must keep your coins on a wallet where you have the control over the private keys before the event.

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freedomno1
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June 14, 2017, 05:13:41 PM
 #39

Hi everybody

Heard a lot latetly about the bitcoin fork, segwit, unlimited..
Whats your thoughts on it?
Will BTC moon to 10k or will it be dump?
Please explain.

It depends on the demand but I would say a short and price drop if there is a fork followed by a steady recovery overtime exceeding the market cap of the original if the implementation is spread.
Moon in the long run and a dump at implement if it has contention.
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June 14, 2017, 07:03:17 PM
 #40

Have to say that I am feeling extremely nervous about the whole thing. So if a split occurs, what will happen to the coins in my wallet? Do I have to move my coins to one chain, or will they be replicated on both the chains? Also, can anyone tell me whether keeping the coins in an online wallet (such as Blockchain.info) is safe or not?

If a split happens, you will have coins on both chain. then you'll have to wait if one of them dies or like in the case of ETC, both chain survives and you can spend both of them

This is a big IF really

So far it looks more like just Jihan's bluff, though it is not quite clear what his real intents are. Nevertheless, if we knew in advance that the split was really going to happen one day, it might be a wise decision to sell bitcoins altogether beforehand. How home? The split will certainly make the price of both chains crash since both camps would be massively selling out the coins of the other camp. It could be claimed that they will use the proceeds to support the price of their coin, but this won't help since ordinary people will start indiscriminately liquidating their stashes in panic for fiat or some other altcoin (Litecoin may profit handsomely due to this split)

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