Bitcoin vs SegWit2x - after split price predictions

[hatshepsut93]

SegWit2x developers and miners are not backing down from their intention to hardfork in November, while the upcoming update for Bitcoin Core client will be automatically disconnecting SegWit2x nodes.
The possibility of chain split looks very high, which raises a few questions.

How exchanges will be naming Bitcoin chains after split - will they name one as a Bitcoin, or rename both to something like Bitcoin Core and Bitcoin2x?

What will be the prices for those coins? How their value will change after a few months?

Will combined value of both coins increase or decrease?

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[kwukduck]

Nobody knows.
The only thing that is certain is that it will be one big cluster f*ck!

[maokoto]

Another split? probably it will happen as with Bitcoin Cash. A good name would be just segwit2xcoin.

I am beginning to think people like to produce split in order to create opportunities to earn a little from the forked coin, rather than to seriously produce an alternative.

[DaMut]

SegWit2x developers and miners are not backing down from their intention to hardfork in November, while the upcoming update for Bitcoin Core client will be automatically disconnecting SegWit2x nodes.
The possibility of chain split looks very high, which raises a few questions.

How exchanges will be naming Bitcoin chains after split - will they name one as a Bitcoin, or rename both to something like Bitcoin Core and Bitcoin2x?

What will be the prices for those coins? How their value will change after a few months?

Will combined value of both coins increase or decrease?

in my honest opinion,everything will be same like what they did before.
look at it back when the chain split,everbody buying Bitcoin in order to get an airdrop from the split.
afterwards,people starting to sell the airdrop aka Bitcoin Cash to buy more Bitcoin.
So,what will happen in the next chain split again ?
i guess we will see something like this again,hopefully it will because no matter what will happen as long Bitcoin price surge and rise.
everything is will be fine,
and i don't care about other coin from the splitting.no only me obviously many people will think same like me

[gentlemand]

I well and truly do not believe there'll be a split. 2X will turn out to have enough flaws for the NYA folk to reject it. Even if there aren't enough genuine flaws Core'll probably FUD it up enough to turn people off.

[exstasie]

SegWit2x developers and miners are not backing down from their intention to hardfork in November, while the upcoming update for Bitcoin Core client will be automatically disconnecting SegWit2x nodes.
The possibility of chain split looks very high, which raises a few questions.

How exchanges will be naming Bitcoin chains after split - will they name one as a Bitcoin, or rename both to something like Bitcoin Core and Bitcoin2x?

When the Segwit2x project was announced, it was very clear what their intention was in this respect. They called their implementation "BTC1" for a reason: they want/expect exchanges to refer to the legacy chain as BTC2.

What will be the prices for those coins? How their value will change after a few months?

It's impossible to predict future demand. We can really only look to social media activity, businesses reacting to their customers' demands, the stance of Core developers and miner signalling as any indication. Everything points to one thing: major controversy. We all have incentive to remain a cohesive network, but that may not overcome the push towards a permanent fork here.

Will combined value of both coins increase or decrease?

If Metcalfe's law is correct, then the value of each network will drop in a permanent split, since the users of the original network will split/diverge. In theory, this means that the value of both coins (combined) should decrease. However, markets are inefficient, and these markets are very illiquid.

I wouldn't make any major bets before the fork (should the fork happen). Although I strongly believe in smaller block sizes and fully support Core, I will let the market decide, holding coins on both forks.

[HeRetiK]

Segwit2x seems to have much more support than the outlier that was BCH, which means that I wouldn't be so sure about which chain emerges as the "true" Bitcoin in the end, ie. the one with the highest adoption rate. I personally will probably keep holding both coins, since while I trust the core devs more the 2x approach still appears to have its merits (or rather: Apart from the questionably short development cycle I haven't heard an argument against 2x that fully convinced me).

All this leads me to the conclusion that shit will be fucked. I assume that after the fork both coins will be pretty close to parity with core segwit having a slight edge. The fiat markets won't be able to support both coins at their pre-fork price level, leading to a crash of both and possibly the start of a prolonged bear market until the dust has settled. Short to mid-terms the combined fiat value will be less than before the fork. Long term the combined fiat value will be higher, because crypto always wins.

I honestly hope a serious hardfork (close to 50% of miners switching chains) can be avoided one way or another (either by enough 2x supporters jumping ship or by core suggesting a solid roadmap for a delayed Segwit2x deployment).

[hatshepsut93]

Another split? probably it will happen as with Bitcoin Cash. A good name would be just segwit2xcoin.

I am beginning to think people like to produce split in order to create opportunities to earn a little from the forked coin, rather than to seriously produce an alternative.

I think this will be much more complicated, because devs of SegWit2x call their coin Bitcoin, unlike Bcash who at least honestly distinguished itself from Bitcoin.

People who run online wallets will have power to decide for their users which chain is Bitcoin, and it can be huge. For example, Coinbase is a part of NYA, and in worst case scenario they will push 2x as Bitcoin and refuse to support Core chain, so suddenly all their customers will only have 2x coins.

There was a huge volatility around Jul 20th when the situation with SegWit was uncertain, and this might repeat in November.

[Nesmo]

People will stick to bitcoin, not bitcoin cash or bitcoin2x. Simply because how many business and companies that accepting bitcoin, it has real usability in various industries and being used as a medium of exchange. If another chain split will happen, bitcoin price maybe fall down to $2500 or $2000 as the lowest price, but who knows for sure. If people will get free bitcoin2x, the same thing will happen such as bitcoin cash when it was launched, it will get dumped.

[yugyug]

segwit2x split is still can't affect the price of bitcoin core .it will only affect the block chain but not the demand of trading.The price predictions is now mainly dependent on Asian region trading mostly in Japan where it holds the majority of bitcoin trading so if Japanese signals a low volume of trading then the bitcoin price will follow but price prediction is still not below 3k IMHO.

[SvenBomvolen]

New SegWit? I'm wandering will it appear new coin after this?
I think SegWit became a good reason for speculation. How it will affect on the price we may only guess.
As a person who cash out coins almost weekly, so I expect new growth and to see 5000$ would break up all my expectations

[iamTom123]

Another split? probably it will happen as with Bitcoin Cash. A good name would be just segwit2xcoin. I am beginning to think people like to produce split in order to create opportunities to earn a little from the forked coin, rather than to seriously produce an alternative.

I agree. In case there would be another fork and the resulting split then it can be following the same path as trodden by BitcoinCash (BCH). I this is already getting to be boring and making Bitcoin a little bit comedic. However, if it means that I would be getting some share of another altcoin akin to BCH then I would probably be happy with it. Once I would received my altcoin from this split then I would also immediately sell the same so it can be converted back to Bitcoin.

Isn't this wonderful that we are creating wealth not out of thin air but out of splits? So aside from the rising value of the original Bitcoin, we now find another way to make people rich. Maybe this is partly designed by Nakamoto so that we all can be rich overnight!

Bitcoin is really amazing! And let more splits come!

[cpfreeplz]

Nobody knows.
The only thing that is certain is that it will be one big cluster f*ck!

Lol for once I agree with kwukduck. This is going to be one hell of a mess with 3 different versions of bitcoins that who knows what to stick with and you may end up closing the wrong chain and get screwed. God I hate forks. Too many decisions.

[fabiorem]

Nothing bad happened after the BCC split, in fact the price increased and we even got free coins.

So I guess there will be nothing bad in a SegWit2x fork, and we will have more free coins to hold.

So, I dont think theres reason to panic anymore.

I just want to know... will we have another dip? And when? And how much? I'm more confident in bitcoin future now, I think it will be bright, I think it will be great. Just want to buy more before we can skyrocket to 10k at the end of this year.

[Karpeles]

Bitcoin survived a fork, surely it will survive another one.

Will be just like with Bitcoin cash.The name they will give to the new coin doesn't matter.

Some exchanges will allow you to get the fork coin, other doesn't, move everything to cold storage and buy some popcorn for the pre fork FUD, and see nothing happening in the day.

[exstasie]

Another split? probably it will happen as with Bitcoin Cash. A good name would be just segwit2xcoin.

I am beginning to think people like to produce split in order to create opportunities to earn a little from the forked coin, rather than to seriously produce an alternative.

I think this will be much more complicated, because devs of SegWit2x call their coin Bitcoin, unlike Bcash who at least honestly distinguished itself from Bitcoin.

People who run online wallets will have power to decide for their users which chain is Bitcoin, and it can be huge. For example, Coinbase is a part of NYA, and in worst case scenario they will push 2x as Bitcoin and refuse to support Core chain, so suddenly all their customers will only have 2x coins.

There was a huge volatility around Jul 20th when the situation with SegWit was uncertain, and this might repeat in November.

Exactly. That's why this is so contentious. Miners, exchanges, services are broadly on board with the November fork. Although I will say, judging by the Bitcoin Cash fork, we may see several prominent exchanges and wallets offering users a choice. That will ensure a split. Then again, any hard fork basically ensures a split.

Agreed that no matter what happens, there will be huge market uncertainty as the fork approaches. But until that general time (a couple months out), I think we'll continue rallying.

[Victorycoin]

Nothing bad happened after the BCC split, in fact the price increased and we even got free coins.

So I guess there will be nothing bad in a SegWit2x fork, and we will have more free coins to hold.

So, I dont think theres reason to panic anymore.

I just want to know... will we have another dip? And when? And how much? I'm more confident in bitcoin future now, I think it will be bright, I think it will be great. Just want to buy more before we can skyrocket to 10k at the end of this year.

Of a truth, a split in the Bitcoin network has been long coming because the rift between BIP91 and BIP148 seems to continue unabated. We were just spared the agony of seeing our Bitcoin lose most of its value as a result of the deadlock until the day was saved by the signaling of Segwit, but it should be obvious that was only to placate and calm the market and not actually a lasting solution. Apparently the threat of a split is still very much in the air because there is not yet a consensus on 1MB or 2MB blocksize.

At any rate, it is nothing to get people panicking one more time, I personally would be looking forward to the buying opportunity that would create, because so many Bitcoin enthusiasts can't pass up any opportunity to mop up extra coins out there at a cheaper rate.

[iqlimasyadiqa]

The incoming contentious HF on 1 Nov is not the same as BCH split. Jihan Wu admitted he wanted an altcoin and the community was ok with that. This time each party will claim that 2x and core are the 'real' bitcoin. But there is place for only one king of the cryptocurency! If we have 2 kings we can't expect the upward price trend to continue anymore. More likely, the 2 new bitcoins will share the fate of BCH trading from 100$ to 1000$ then back to 300$ each.

I do not want this to happen. Me and many friends here want the bitcoin that exist today. Do not change because we are very comfortable using bitcoin here. This change could be messing up everything because bitcoin prices can be very uncontrollable. For me this change can destroy bitcoin as the most popular digital currency today.

[gentlemand]

Nothing bad happened after the BCC split, in fact the price increased and we even got free coins.

So I guess there will be nothing bad in a SegWit2x fork, and we will have more free coins to hold.

There certainly will be if the present percentage of miners pushes it through. Corecoin would have to change PoW to stand a chance of being usable. It would slow to a crawl if it lost that much mining power.

[co0ler]

What is the point of segwit2x after Bitcoin Cash? AFAIK, everything they wanted to put into practice is already there.