SegWit2x support growing day by day, WHY FORK FUD and PANIC

[OROBTC]

Just look at that stats, more than 600 blocks are in favour of segwit2x pool and it is still growing day by day. Thanks for sharing this analysis as it made me sure about my recent bitcoin purchases as well as more bitcoins that are going to be mine very soon. Lols. I mean this hard fork would be just blow wind which will disperse in the atmosphere in no time and we are again ready to get those profits we are waiting for.

No need to thank me, I just wanted to stop this FUD which brings good to noone but speculators.

As we can see, miners have already started signaling SegWit2x SUPPORT and not only intention to support. This means we might have SegWit2x locked in before the end of this week. After that, there s really no need to consider any further instability cause Bitcoin will be overcoming one more major obstacle.

crazyivan and Hui8

Things DO seem to be looking up (BTC problems getting resolved).  There is, after all, huge amounts of money at stake, and I would guess that most major players would NOT want their $-value of Bitcoin to go down sharply because of disagreements that could be worked out.

Maybe the problem is solving itself.  The $2200 (or so) BTC price seems to show more confidence in BTC than three or so days ago.

[Vixmore]

All the FUD happens as investors would like to buy for as low of a price as possible and would want to make as much profit as possible in the lowest amount of time. I honestly do not believe that there should be any panic around the August 1 'crisis' as it very well cannot be described as crisis in the first place. Everything  should go fine without any FUD needed. ITS NOT HELPING!

[illaslli]

Just look at that stats, more than 600 blocks are in favour of segwit2x pool and it is still growing day by day. Thanks for sharing this analysis as it made me sure about my recent bitcoin purchases as well as more bitcoins that are going to be mine very soon. Lols. I mean this hard fork would be just blow wind which will disperse in the atmosphere in no time and we are again ready to get those profits we are waiting for.

No need to thank me, I just wanted to stop this FUD which brings good to noone but speculators.

As we can see, miners have already started signaling SegWit2x SUPPORT and not only intention to support. This means we might have SegWit2x locked in before the end of this week. After that, there s really no need to consider any further instability cause Bitcoin will be overcoming one more major obstacle.

Yeah it was pretty obvious this was going to happen from the start, I guess people just like spreading FUD in general.

[crazyivan]

Just look at that stats, more than 600 blocks are in favour of segwit2x pool and it is still growing day by day. Thanks for sharing this analysis as it made me sure about my recent bitcoin purchases as well as more bitcoins that are going to be mine very soon. Lols. I mean this hard fork would be just blow wind which will disperse in the atmosphere in no time and we are again ready to get those profits we are waiting for.

No need to thank me, I just wanted to stop this FUD which brings good to noone but speculators.

As we can see, miners have already started signaling SegWit2x SUPPORT and not only intention to support. This means we might have SegWit2x locked in before the end of this week. After that, there s really no need to consider any further instability cause Bitcoin will be overcoming one more major obstacle.

Yeah it was pretty obvious this was going to happen from the start, I guess people just like spreading FUD in general.

Those that read and act on that FUD lose money. I know there re tons of people now here who sold at 1850 scratching their hands asking WTF happened? It s simple, DONT SELL when market s down. Simply DONT sell.

[BitcoinNewsMagazine]

I told everyone to buy when price got close to weekly 20 MA hope a few listened to me and are in profit now:)

[crazyivan]

I told everyone to buy when price got close to weekly 20 MA hope a few listened to me and are in profit now:)

Actually I do follow your portal, good stuff my friend, Lots of useful guides and great suggestions. Keep up the good work.

[crazyivan]

How is it possible there re so many lazy and ignorant people here. After 2 weeks of explanations of what SegWit2x is and what does it take for it to get implemented, people still come here spreading FUD about the fork and when will that take place.

FFS, there will ne NO FORK, read a bit. It s all just smart attempt to make you sell your coins cheap. Dont be an idiot.

[DooMAD]

How is it possible there re so many lazy and ignorant people here. After 2 weeks of explanations of what SegWit2x is and what does it take for it to get implemented, people still come here spreading FUD about the fork and when will that take place.

FFS, there will ne NO FORK, read a bit. It s all just smart attempt to make you sell your coins cheap. Dont be an idiot.

It's a little too early to say with absolute certainty that there won't be a fork.  SegWit2x is ever so slightly short of the mark to achieve a lock-in at the moment for this particular signalling period.  Some miners seem to be switching their support around for different proposals.  There's still a small possibility (and I mean *small*) of UASF activating on August 1st if the miners don't achieve the lock-in, but there is time for another few attempts before the end of the month if BIP91 doesn't reach its goal in this 336 blocks period.  I haven't done the math, but I'm thinking they get at least 2 or 3 more tries before the 1st August if this one fails.  

To be as factual as possible, it's highly likely a significant fork will be avoided (although technically, there will almost certainly be minor and insignificant forks for any miners still refusing to recognise SegWit when the times comes, but those are safe to ignore if you aren't one of those miners).

But you're absolutely correct in that it wouldn't be a smart move to start panic selling just because of the hype and FUD around all this.  Cooler heads prevail and such.


//EDIT:  And a few hours later, BIP91 is back on track to achieve a lock-in.

[BitcoinNewsMagazine]

@crazyivan, it is entirely possible that Bitmain may fork off to Bitcoin ABC regardless of BIP91 lock in. They have said they will not, but they may break that promise. Just because they can.

[Sithara007]

@crazyivan, it is entirely possible that Bitmain may fork off to Bitcoin ABC regardless of BIP91 lock in. They have said they will not, but they may break that promise. Just because they can.

Bitmain guys might change their mind. Earlier, no one thought that the BIP 91 could be locked in so soon. But that is going to happen, and along with it a lot of people are going to change their stance.

[crazyivan]

@crazyivan, it is entirely possible that Bitmain may fork off to Bitcoin ABC regardless of BIP91 lock in. They have said they will not, but they may break that promise. Just because they can.

I would not count on that, WU and the gang hold too many BTC just to destroy it cause they can.

I understand the position of people not wanting miners control the code but up to now we ve had BTC core control the code. What s the difference? They all have their own interests and this is the weakness of decentralization. There need to be some kind of mechanism which makes decisions. Consensus of all involved parties NEVER takes place.

[BitcoinNewsMagazine]

@crazyivan, it is entirely possible that Bitmain may fork off to Bitcoin ABC regardless of BIP91 lock in. They have said they will not, but they may break that promise. Just because they can.

Bitmain guys might change their mind. Earlier, no one thought that the BIP 91 could be locked in so soon. But that is going to happen, and along with it a lot of people are going to change their stance.

Well yes I hope that Bitcoin ABC does not happen. Bitmain seems to use ViaBTC for an experimental test bed and Via is pushing Bitcoin ABC cloud mining on presale July 22.

[investinator]

@crazyivan, it is entirely possible that Bitmain may fork off to Bitcoin ABC regardless of BIP91 lock in. They have said they will not, but they may break that promise. Just because they can.

I would not count on that, WU and the gang hold too many BTC just to destroy it cause they can.

I understand the position of people not wanting miners control the code but up to now we ve had BTC core control the code. What s the difference? They all have their own interests and this is the weakness of decentralization. There need to be some kind of mechanism which makes decisions. Consensus of all involved parties NEVER takes place.

They won't destroy bitcoin because that is what earns them the most money. They aren't rich enough to risk their fortunes. In fact the rise in price today is just going to reinforce their wish to pursue BIP91.

[crazyivan]

Ok, as I ve stated a few days ago, SegWit is locked in, it will be activated in 300 blocks and the sky has not fallen on our heads. Where re now FUDders to cry about Bitcoin doomsday?

I guess they sold their coins at $1830.

Now the same panic will move to alts with the same result. 

[Minecache]

Ok, as I ve stated a few days ago, SegWit is locked in, it will be activated in 300 blocks and the sky has not fallen on our heads. Where re now FUDders to cry about Bitcoin doomsday?

I guess they sold their coins at $1830.

Now the same panic will move to alts with the same result. 

Yup. If anyone empltied their bags in panic on the way down I'd consider cutting your loses, learn from the lesson, and buy back your bags. This price is only a temporary respite before we activate SegWit and cross $3000 for good.

[An1ks]

More money people have, more careful they are, it is normal. Everyone just counts their risks. No doubt if you had 1mil$ in bitcoins, that you will be scary of HardFork 

[Decoded]

Because there's still a chance. Maybe much much less, but there's still a chance. I personally believe that there is still a possibility of a catastrophic split, so I'm not going to transact anything until the all clear from trustworthy sources.

I have a decent amount of BTC and I don't want to get too cocky with it.

[crazyivan]

Because there's still a chance. Maybe much much less, but there's still a chance. I personally believe that there is still a possibility of a catastrophic split, so I'm not going to transact anything until the all clear from trustworthy sources.

I have a decent amount of BTC and I don't want to get too cocky with it.

I dont think there s a chance, it would be very, very unprofitable for pools not to signal SegWit2x. As I expected, the support s growing, now it s almost 91%. So why dont these supporters of split stay and mine their own fork? Cause it s a stupid idea and it would generate losses for them.

Money is a great motivator, it surpasses all differences of opinions.

[OROBTC]

Because there's still a chance. Maybe much much less, but there's still a chance. I personally believe that there is still a possibility of a catastrophic split, so I'm not going to transact anything until the all clear from trustworthy sources.

I have a decent amount of BTC and I don't want to get too cocky with it.

I dont think there s a chance, it would be very, very unprofitable for pools not to signal SegWit2x. As I expected, the support s growing, now it s almost 91%. So why dont these supporters of split stay and mine their own fork? Cause it s a stupid idea and it would generate losses for them.

Money is a great motivator, it surpasses all differences of opinions.

Money, money, money.  Yes, that's what brought the players together for now.  Even the miners want to keep BTC price high, and that means just one Bitcoin.

Sure, they'll probably try again (Nov/Dec), but for now SegWit2x is looking pretty good.  Let's hope the software has no surprise bugs.

$2770 current price suggests that many people are confident.

[warrior333]

Among users of bitcoin are very few ideological people. All interested in money. And this ensures that no problems with the bitcoin after the "judgment day" will not. Nobody wants to lose their investment in bitcoin. It makes me happy.