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Author Topic: Whats going to happen to bitcoin in the coming months?  (Read 1066 times)
very_452001 (OP)
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July 03, 2017, 11:03:14 PM
 #1

Can someone please clarify what will happen on August 1st? Will there be a soft fork or hard fork on that date?
What is Segwit 2x and BIP148?
MASF, MAHF?
What is this manipulated mempool data?
Where do I checkout the signalling status? Is it like that previous litecoin reaching 75% status and needs to be locked in for 2 weeks?
Also what's happening in mid-November im hearing?
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very_452001 (OP)
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July 04, 2017, 12:15:08 PM
 #2

Anyone can advise
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July 04, 2017, 12:39:04 PM
 #3

Can someone please clarify what will happen on August 1st? Will there be a soft fork or hard fork on that date?
What is Segwit 2x and BIP148?
MASF, MAHF?
What is this manipulated mempool data?
Where do I checkout the signalling status? Is it like that previous litecoin reaching 75% status and needs to be locked in for 2 weeks?
Also what's happening in mid-November im hearing?

1. Segwit2x is Segwit + 2MB hard fork which will activate Segwit, while BIP 148 is User Activated Soft Fork which is also for activating Segwit. Segwit2x will start signalling on July 21 and BIP 148 on August 1. If we go by current majority then Segwit2x would activate Segwit before August 1 so BIP 148 most probably would not be deployed. If you are wondering about a chain split in August then it is very less likely going to happen.

2. MASF, Miner Activated Soft Fork, MAHF, Miner Activated Hard Fork. Both these are forks activated through miner signalling, not like UASF, activated by flag day or node enforcement.

3. Mempool can be manipulated by spamming, dust transactions, done by some crazy miners to manipulate fee.

4. https://coin.dance/blocks, currently undergoing maintenance

5. Once Segwit2x activates Segwit, first part is over, the second part is 2 MB hardfork which would be around November (90 days after Segwit activation).

One way or the other Segwit would get activated by August, but nothing concrete could be said about HF at this point in time.
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July 04, 2017, 01:37:54 PM
 #4

Can someone please clarify what will happen on August 1st? Will there be a soft fork or hard fork on that date?
What is Segwit 2x and BIP148?
MASF, MAHF?
What is this manipulated mempool data?
Where do I checkout the signalling status? Is it like that previous litecoin reaching 75% status and needs to be locked in for 2 weeks?
Also what's happening in mid-November im hearing?

1. Segwit2x is Segwit + 2MB hard fork which will activate Segwit, while BIP 148 is User Activated Soft Fork which is also for activating Segwit. Segwit2x will start signalling on July 21 and BIP 148 on August 1. If we go by current majority then Segwit2x would activate Segwit before August 1 so BIP 148 most probably would not be deployed. If you are wondering about a chain split in August then it is very less likely going to happen.

2. MASF, Miner Activated Soft Fork, MAHF, Miner Activated Hard Fork. Both these are forks activated through miner signalling, not like UASF, activated by flag day or node enforcement.

3. Mempool can be manipulated by spamming, dust transactions, done by some crazy miners to manipulate fee.

4. https://coin.dance/blocks, currently undergoing maintenance

5. Once Segwit2x activates Segwit, first part is over, the second part is 2 MB hardfork which would be around November (90 days after Segwit activation).

One way or the other Segwit would get activated by August, but nothing concrete could be said about HF at this point in time.

Very well said and explained, and to add also I've heard (correct me if I'm wrong though) that when August 1 comes there might be a possibility that bitcoin will be divided in two. And we will just have to wait for that few more weeks until it'll be activated.

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July 04, 2017, 01:48:55 PM
 #5

nChain is Bitcoins future. Big blocks. No segwit posion. Bullish.

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July 04, 2017, 02:43:14 PM
 #6

Can someone please clarify what will happen on August 1st? Will there be a soft fork or hard fork on that date?
What is Segwit 2x and BIP148?
MASF, MAHF?
What is this manipulated mempool data?
Where do I checkout the signalling status? Is it like that previous litecoin reaching 75% status and needs to be locked in for 2 weeks?
Also what's happening in mid-November im hearing?

This is a very big event for bitcoin, which plays a decisive role in the future development of bitcoin. Segwit2x will be voting, and i hope it can be successful.
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July 04, 2017, 02:49:42 PM
 #7

nChain is Bitcoins future. Big blocks. No segwit posion. Bullish.

let's assume SegWit is poison as you say.
what is the alternative?
nChain? created by whom? Craig Writ? the biggest scammer that we have ever known in bitcoin history!!!
do you really think people are going to touch something that is created or backed by someone that shady? i am 100% certain that nChain will have a trojan or some other kind of malware to steal people's coins.
and that is what we expect from a scammer.

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July 08, 2017, 02:00:34 PM
 #8

The market is good for bitcoins in coming months. So many investors are ready to invest their money into bitcoins. because of growthing bitcoins no one expect bitcoins are like these will grow. Here there is no end for bitcoins.
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July 08, 2017, 02:11:15 PM
 #9

nChain is Bitcoins future. Big blocks. No segwit posion. Bullish.

nchain is a scam, everything created by someone that think he is satoshi is a scam lol, segwit is the only solution, not that bullshit segwit 2x, that is wrong i agree, but pure segwit is the way to go, aren't the dev team pro pure segwit? and not segwit2x? miners are instead against both because they want high fee

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July 08, 2017, 03:28:45 PM
 #10

Upon reading some post almost 70% vote for Segwit (soft fork) and 30% on Bitcoin Unlimited (hard fork) so there is a higher chance that Segwit will be implemented on August 1 but it's still not a 100%. just make sure you have private key on your wallet before August 1 to make sure your coins is safe.
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July 08, 2017, 03:46:55 PM
 #11

nChain is Bitcoins future. Big blocks. No segwit posion. Bullish.

nChain is Craig's wet dream to have a centralized controlled authority over his own new coin. Will we see a repeat of Ethereum, where there is a

Foundation consisting of Roger Ver and Gavin and Jihan to have complete control over a brand new Alt coin? Anyone who are too blind to see how

this will not be Bitcoin, will have to go down with that ship.  Roll Eyes

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July 08, 2017, 03:55:39 PM
 #12

Can someone please clarify what will happen on August 1st? Will there be a soft fork or hard fork on that date?
What is Segwit 2x and BIP148?
MASF, MAHF?
What is this manipulated mempool data?
Where do I checkout the signalling status? Is it like that previous litecoin reaching 75% status and needs to be locked in for 2 weeks?
Also what's happening in mid-November im hearing?
I think segwit is the best measure of the current, although it still has a flaw, but it is the only flaw, and it can completely be overcome, compared to other methods, segwit is evaluated. Is perfect. Or if it is not accepted, I would like bitcoin core to not change.





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July 08, 2017, 05:05:13 PM
 #13

It's a testing phase for Bitcoin but it would emerge as a winner in coming months. It might be price stagnation period or dips, but it is good chance to accumulate for future benefits.
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July 08, 2017, 07:14:15 PM
 #14

What can be expected in the next month in Bitcoin, Personally, I expect only positive growth. I have already observed the slight fluctuations in the Bitcoin rate, but I think that such trends will continue And further. But it seems to me nothing to worry.

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July 14, 2017, 01:49:08 PM
 #15

Can someone please clarify what will happen on August 1st? Will there be a soft fork or hard fork on that date?
What is Segwit 2x and BIP148?
MASF, MAHF?
What is this manipulated mempool data?
Where do I checkout the signalling status? Is it like that previous litecoin reaching 75% status and needs to be locked in for 2 weeks?
Also what's happening in mid-November im hearing?
Definition

A permanent divergence in the block chain, commonly occurs when non-upgraded nodes can’t validate blocks created by upgraded nodes that follow newer consensus rules.

Synonyms

Hard fork
Not To Be Confused With

Fork (a regular fork where all nodes follow the same consensus rules, so the fork is resolved once one chain has more proof of work than another)

Soft fork (a temporary divergence in the block chain caused by non-upgraded nodes not following new consensus rules)

Software fork (when one or more developers permanently develops a codebase separately from other developers)

Git fork (when one or more developers temporarily develops a codebase separately from other developers

Therefore, I will hold bitcoin but not in exchanger but in bitcoin wallet which have been trusted and not affected by the existence of hard fork or segwit.
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July 14, 2017, 01:59:13 PM
 #16

Theymos made a thread for August 1 / BIP148. Check the news which can be found under your avatar.
The short version of it: https://bitcointalk.org/index.php?topic=2017191.0
The detailed version of it: https://bitcointalk.org/index.php?topic=2012799.0

These guides might help answer some of your questions!

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July 15, 2017, 06:16:40 AM
 #17

There is no exact answer with that question. I just want that bitcoin will still increases its value in the coming months. People don't want bitcoin to be dump. I am expecting a lot in bitcoin and I wold really want to continue earning bitcoin in the future. But if ever bitcoin decreases, I would probably save and just store it in my wallet and wait to increase again.
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July 15, 2017, 12:35:10 PM
 #18

There is no exact answer with that question. I just want that bitcoin will still increases its value in the coming months. People don't want bitcoin to be dump. I am expecting a lot in bitcoin and I wold really want to continue earning bitcoin in the future. But if ever bitcoin decreases, I would probably save and just store it in my wallet and wait to increase again.
I agree. There is really no exact answer to what will happen next to bitcoin in the coming months. But for me, I think bitcoin's exchange value price will eventually get high compared to its price as of now. We only have to hold our bitcoins for a while before selling it.
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July 15, 2017, 12:39:32 PM
 #19

Can someone please clarify what will happen on August 1st? Will there be a soft fork or hard fork on that date?
What is Segwit 2x and BIP148?
MASF, MAHF?
What is this manipulated mempool data?
Where do I checkout the signalling status? Is it like that previous litecoin reaching 75% status and needs to be locked in for 2 weeks?
Also what's happening in mid-November im hearing?
Definition

A permanent divergence in the block chain, commonly occurs when non-upgraded nodes can’t validate blocks created by upgraded nodes that follow newer consensus rules.

Synonyms

Hard fork
Not To Be Confused With

Fork (a regular fork where all nodes follow the same consensus rules, so the fork is resolved once one chain has more proof of work than another)

Soft fork (a temporary divergence in the block chain caused by non-upgraded nodes not following new consensus rules)

Software fork (when one or more developers permanently develops a codebase separately from other developers)

Git fork (when one or more developers temporarily develops a codebase separately from other developers

Therefore, I will hold bitcoin but not in exchanger but in bitcoin wallet which have been trusted and not affected by the existence of hard fork or segwit.

I am think what is going to happen to bitcoin after this is all said and done on August 1st is what happened to Zcash spliting into Zclassic and now Zencash.
This is timeline of what happened with that coin which came out mid last year up until today::
https://bitcointalk.org/index.php?topic=1819977.0

Similar to what happened to ethereum but to a lesser effect on it splitting and the then splitting again into what is what we have now in zencash.
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July 15, 2017, 12:42:52 PM
 #20

UASF will cause a chain split, segwit wont. Even if i like UASF, im still torn wether it should happen or not
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