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Author Topic: Bitcoin Armageddon or Y2K?  (Read 166 times)
zoose
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July 31, 2017, 02:32:43 PM
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August 1st is nearly upon us and I'd like to take a quick poll.

Do you think August 1st will be a Bitcoin Armageddon or a y2k false panic?

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July 31, 2017, 03:18:42 PM
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I am sure it would just be a false panic akin to the drama that happened with the Y2K scare before the year 2000. Anyway, right now I think the market has already discounted what can happen in August 1 as it is getting clearer of what can transpire. We do expect the official birth of Bitcoin Cash and the market is not actually nervous on this new altcoin but welcoming it with open arms...who does not want some free coins, right?

A lot of analysts are already predicting that August 1 will come and go just like an ordinary day and nothing really dramatic will happen tomorrow. In fact, Bitcoin's price is relatively stable hovering in the $2,700 - $2,800 level which is good considering that it almost go down to $1,800 many days ago.

Bitcoin's value won't be affected by Bitcoin Cash, that is for sure as they are two different things and only will will have the right to continue the legacy of the blockchain technology.

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August 01, 2017, 06:32:07 AM
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I am sure it would just be a false panic akin to the drama that happened with the Y2K scare before the year 2000. Anyway, right now I think the market has already discounted what can happen in August 1 as it is getting clearer of what can transpire. We do expect the official birth of Bitcoin Cash and the market is not actually nervous on this new altcoin but welcoming it with open arms...who does not want some free coins, right?

A lot of analysts are already predicting that August 1 will come and go just like an ordinary day and nothing really dramatic will happen tomorrow. In fact, Bitcoin's price is relatively stable hovering in the $2,700 - $2,800 level which is good considering that it almost go down to $1,800 many days ago.

Bitcoin's value won't be affected by Bitcoin Cash, that is for sure as they are two different things and only will will have the right to continue the legacy of the blockchain technology.

Well said, the strength that has been shown by the BTC price rise is impressive. With that said as a separate alt coin how will BCH survive?
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