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Author Topic: Segwit fork and the bitcoin price  (Read 953 times)
francisthecrusher
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June 11, 2017, 07:05:52 AM
 #1

With segwit activation on august 1st, I think a split is almost certainly going to happen.

I remember the first time I heard about a possible hard fork a few years ago, it freaked me out and I dumped all my coins.

I imagine there are a lot of people who have recently invested who are now at the same level of education I was at back then and they will be dumping out their coins.

So the price will probably drop quite a lot over the next 8 weeks, but the question is when and how much? I'm deciding between holding my coins, or selling them now and waiting for the dump then buying back even more.
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June 11, 2017, 07:13:47 AM
 #2

They need time to do that from the first ever so and you throw away your moment and your money, if you look at the current bitcoin price keep going up to $ 10k

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Andre_Goldman
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June 11, 2017, 07:18:44 AM
 #3

next 6 weeks ? wow such timeframe
buy order at support level $2.000----- resistance@3.5

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June 11, 2017, 08:33:25 AM
 #4

With segwit activation on august 1st, I think a split is almost certainly going to happen.
what SegWit activation on August 1st?! there is only BIP 148 UASF currently on that date which won't activate SegWit unless it gets enough support and we don't know if it gains enough of it or not right now.
also you don't know what you are talking about when you say "split is certain" as i said we don't know anything right now.

Quote
I remember the first time I heard about a possible hard fork a few years ago, it freaked me out and I dumped all my coins.
i'm sorry to be forward but you did a dumb move because so far there has never been enough possibility for a risky hard fork which was worth dumping coins for!
next time do some proper research before panic selling.

Quote
I imagine there are a lot of people who have recently invested who are now at the same level of education I was at back then and they will be dumping out their coins.
what you imagine is wrong because price has been rising so far! and it is staying above $2800 with a pretty solid buy support.

Quote
So the price will probably drop quite a lot over the next 8 weeks, but the question is when and how much?
no the question is why you are assuming bitcoin price will drop and think you are correct specially after claiming yourself that you made a big mistake before about another hard fork which never happened!

Quote
I'm deciding between holding my coins, or selling them now and waiting for the dump then buying back even more.
if you think there is a dump then why even ask us? sell and buy back in the dip.
if it really dropped you make a good profit and if it didn't you will lose a lot of money like the last time you panic sold.

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June 11, 2017, 08:51:12 AM
 #5

I am 50-50 in wanting price to drop to 2,000 for long-term stability, as well as in wanting price to break 3,000 so confidence can remain.

I think whatever happens after the fork, Bitcoin won't suffer too much - all the damage that was supposed to be done has already been done.



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Rainbot
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June 11, 2017, 08:52:48 AM
 #6

With segwit activation on august 1st, I think a split is almost certainly going to happen.
what SegWit activation on August 1st?! there is only BIP 148 UASF currently on that date which won't activate SegWit unless it gets enough support and we don't know if it gains enough of it or not right now.
also you don't know what you are talking about when you say "split is certain" as i said we don't know anything right now.

I thought UASF is where miners who will not be signalling to SegWit will be dropped, or I mean not part of the Network, or will be part of another network. So even if it don't get many votes, the network splitting woill happen. The same as BU, we don't know what may happen, but I think BU is more scary than this.

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June 11, 2017, 09:13:24 AM
 #7

With segwit activation on august 1st, I think a split is almost certainly going to happen.

I remember the first time I heard about a possible hard fork a few years ago, it freaked me out and I dumped all my coins.

I imagine there are a lot of people who have recently invested who are now at the same level of education I was at back then and they will be dumping out their coins.

So the price will probably drop quite a lot over the next 8 weeks, but the question is when and how much? I'm deciding between holding my coins, or selling them now and waiting for the dump then buying back even more.

It is difficult to talk about what is going to happen, however, it seems the situation is getting worse, the value of bitcoin can drop dramatically, I am worried about it.
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June 15, 2017, 11:10:45 AM
 #8

With segwit activation on august 1st, I think a split is almost certainly going to happen.
what SegWit activation on August 1st?! there is only BIP 148 UASF currently on that date which won't activate SegWit unless it gets enough support and we don't know if it gains enough of it or not right now.
also you don't know what you are talking about when you say "split is certain" as i said we don't know anything right now.

Quote
I remember the first time I heard about a possible hard fork a few years ago, it freaked me out and I dumped all my coins.
i'm sorry to be forward but you did a dumb move because so far there has never been enough possibility for a risky hard fork which was worth dumping coins for!
next time do some proper research before panic selling.

Quote
I imagine there are a lot of people who have recently invested who are now at the same level of education I was at back then and they will be dumping out their coins.
what you imagine is wrong because price has been rising so far! and it is staying above $2800 with a pretty solid buy support.

Quote
So the price will probably drop quite a lot over the next 8 weeks, but the question is when and how much?
no the question is why you are assuming bitcoin price will drop and think you are correct specially after claiming yourself that you made a big mistake before about another hard fork which never happened!

Quote
I'm deciding between holding my coins, or selling them now and waiting for the dump then buying back even more.
if you think there is a dump then why even ask us? sell and buy back in the dip.
if it really dropped you make a good profit and if it didn't you will lose a lot of money like the last time you panic sold.

Yeah, well it dropped from 2800 to 2300 just now and it looks like it's going to keep going. I might be wrong no the technical details, but I'm right that the recent investors are panicking.

Maybe you can explain exactly what is happening on August 1 then?
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June 15, 2017, 05:22:28 PM
 #9

Yeah, well it dropped from 2800 to 2300 just now and it looks like it's going to keep going. I might be wrong no the technical details, but I'm right that the recent investors are panicking.

Maybe you can explain exactly what is happening on August 1 then?

It has always been like that ever since. When the price hits an ATH, a pull back will follow and slowly climb back again to reach a new ATH. It is the profit taking of the whales. And maybe now because of the panic for August 1 bip 148 and the attack on some major exchanges.

On August 1 there will be a soft fork (UASF) which can lead to a coin split if miners do not signal segwit.  But if miners signal segwit, there will be no split and it will just be a normal day. But the FUD it creates may shake the newbies into dumping their coins.
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June 15, 2017, 05:25:46 PM
 #10

With segwit activation on august 1st, I think a split is almost certainly going to happen.
what SegWit activation on August 1st?! there is only BIP 148 UASF currently on that date which won't activate SegWit unless it gets enough support and we don't know if it gains enough of it or not right now.
also you don't know what you are talking about when you say "split is certain" as i said we don't know anything right now.

Quote
I remember the first time I heard about a possible hard fork a few years ago, it freaked me out and I dumped all my coins.
i'm sorry to be forward but you did a dumb move because so far there has never been enough possibility for a risky hard fork which was worth dumping coins for!
next time do some proper research before panic selling.

Quote
I imagine there are a lot of people who have recently invested who are now at the same level of education I was at back then and they will be dumping out their coins.
what you imagine is wrong because price has been rising so far! and it is staying above $2800 with a pretty solid buy support.

Quote
So the price will probably drop quite a lot over the next 8 weeks, but the question is when and how much?
no the question is why you are assuming bitcoin price will drop and think you are correct specially after claiming yourself that you made a big mistake before about another hard fork which never happened!

Quote
I'm deciding between holding my coins, or selling them now and waiting for the dump then buying back even more.
if you think there is a dump then why even ask us? sell and buy back in the dip.
if it really dropped you make a good profit and if it didn't you will lose a lot of money like the last time you panic sold.

Yeah, well it dropped from 2800 to 2300 just now and it looks like it's going to keep going. I might be wrong no the technical details, but I'm right that the recent investors are panicking.

Maybe you can explain exactly what is happening on August 1 then?
Traders are taking profits on all platforms right now. Just looking at the blood, a new proposed regulation or law or something like that was recently made that severely hurts all "monetary instruments" and makes BTC a monetary instrument in the US and apparently all other crypto (something to do with all transfers over 10K$ USD and 5 years in jail). Weak hands dropping out quick, support is still strong so the dip is going to be weak. The legislation probably won't pass, so nothing big to worry about.
Pab
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June 15, 2017, 07:25:47 PM
 #11

Price down from 2800 to 2300 is any panic,nothing can only rise finelly  sky is a limit,but all that scaling issue make things tense,it is very easyto manipulate market that way

 
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June 16, 2017, 10:23:12 AM
 #12

...
On August 1 there will be a soft fork (UASF) which can lead to a coin split if miners do not signal segwit.  But if miners signal segwit, there will be no split and it will just be a normal day. But the FUD it creates may shake the newbies into dumping their coins.

I have a stupid question, so please don't abuse me.

Why would a miners NOT signal segwit and do the soft fork?  That seems to be the no brainer.  It is the BU hardfork, with much bigger changes and issues, and potentially losses, that would be questionable participation I would think.

Is it possible there are miners out there asleep at the switch that would inadvertently miss not doing the segwit signal?

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June 16, 2017, 10:47:36 AM
 #13

...
On August 1 there will be a soft fork (UASF) which can lead to a coin split if miners do not signal segwit.  But if miners signal segwit, there will be no split and it will just be a normal day. But the FUD it creates may shake the newbies into dumping their coins.

I have a stupid question, so please don't abuse me.

Why would a miners NOT signal segwit and do the soft fork?  That seems to be the no brainer.  It is the BU hardfork, with much bigger changes and issues, and potentially losses, that would be questionable participation I would think.

Is it possible there are miners out there asleep at the switch that would inadvertently miss not doing the segwit signal?

some of them are already signalling SegWit, a little bit above 30% of the miners. and some of them have been more or less silent. i personally think that they are silent because they are small and are afraid of attacks. for example DDoS attacks against them if they start signalling SegWit, and it has happened to F2Pool

so they are waiting for the 30% to grow first then jump in.

to the moon with bitcoin...
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June 16, 2017, 10:48:04 AM
 #14

...
On August 1 there will be a soft fork (UASF) which can lead to a coin split if miners do not signal segwit.  But if miners signal segwit, there will be no split and it will just be a normal day. But the FUD it creates may shake the newbies into dumping their coins.

I have a stupid question, so please don't abuse me.

Why would a miners NOT signal segwit and do the soft fork?  That seems to be the no brainer.  It is the BU hardfork, with much bigger changes and issues, and potentially losses, that would be questionable participation I would think.

Is it possible there are miners out there asleep at the switch that would inadvertently miss not doing the segwit signal?

Miners like Antpool who belong to Bitmain probably use covert asicboost, althoug they deny it.A method which give them an advantage in mining bitcoin compared to other miners. Some say this advantage makes them $100 to $200million a year! SegWit won't not allow to use ASICBOOST anymore.That advantage would be gone. Now imagine if guys like Jihan Wu would really give up that easy with this advantage. Of course not! They will do whatever they can to stall Bitcoin's technological progress, therefore the activation of SegWit. Furthermore he wants more control over Bitcoin! This all is very likely about a lot of money and power!
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June 16, 2017, 10:52:57 AM
 #15

Price down from 2800 to 2300 is any panic,nothing can only rise finelly  sky is a limit,but all that scaling issue make things tense,it is very easyto manipulate market that way
it is the newcomers and whales fighting to keep the price high but in terms of profits i guess whales are now trying to shake it and there's no
actual big issue that affect this its a normal correction and for sure it will survive we just needed to wait until this fork issue completed.


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June 16, 2017, 11:25:28 AM
 #16

With segwit activation on august 1st, I think a split is almost certainly going to happen.
I remember the first time I heard about a possible hard fork a few years ago, it freaked me out and I dumped all my coins.
No one could really predict how things will go and i really hope there wont be any network split as i really do not want to see that happen in bitcoin,just like you freaked a few years ago people who have the tendency to freak out will sell all their coins  Cheesy Tongue which in turn people who are happy to purchase will grab those without hesitation.
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June 16, 2017, 01:03:10 PM
 #17

It's possible Bitmain forks Bitcoin because they are sure that they are right and you can't argue with them to prove them otherwise. I'd be converting 50% of my BTCs into ETH and other shitcoins and accidentally pump their prices to the roof. lol
Did you see how ETH people shit their pants when price dropped to $2200 their price dropped $30 and now started to rise again with the king of the new world currency.
And then those bitches dare to come here talk about overthrow the king and take the crown not realizing they're the clown of the court. double chocolate lol.

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