Bitcoin vs SegWit2x - after split price predictions

[yugyug]

here's another innovation from Blockstream using satellite to beam bitcoin transaction to any part of the world including the areas where internet is rarely accessible thus avoiding chainsplit where network nodes and data congestion causes the delay of transactions. Blockstream is offering a Sidechain proposal.
Sidechains are extensions to existing blockchains, enhancing their privacy and functionality by adding features like smart contracts and confidential transactions.So chainsplit is unlikely to happen.

[Vishnu.Reang]

It was easy to predict what would happen after the Bitcoin / Bitcoin Cash split. Because most of the users, exchanges and the developers were against Bitcoin Cash. But it will be difficult to predict about the split in November. We are still unsure about the level of support for Bitcoin Core and Bitcoin 2x. I want Bitcoin 2x to prevail in the end, but things are very fuzzy.

[chesthing]

If it forks again you will have 2 coins, and it doesn't really matter which one ends up with more value because you will have one of each. Holding as many btc as you can at the split seems to me the best course.

[Coffee135]

We already saw what happened with bitcoin in cash. Do you think the miners and users are fools? They do not want to lose their money. I don't believe in another division. Agree and there will be a single bitcoin with improved quality, but perhaps the miners try to recoup their losses by raising fees for transactions.

[twicezeroiszero]

We already saw what happened with bitcoin in cash. Do you think the miners and users are fools? They do not want to lose their money. I don't believe in another division. Agree and there will be a single bitcoin with improved quality, but perhaps the miners try to recoup their losses by raising fees for transactions.

I understand your mean, however if the value of Bitcoin continue rising up until last this year, and the problem high fees still can't fixed, really need have fork for fix this problem.

[Silberman]

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?

I do not think the exchanges are going to rename the original coin in any way or form, bitcoin is just bitcoin and that is never going to change, the ones that need remaining are the altcoins based on bitcoin, personally I will prefer B2X for the name of the coin or its symbol because after a hard fork that coin is no longer bitcoin but something else, an altcoin.

This y would not do that for ever. Renaming a bitcoin's name will destroy the reputation and some people heard a but would not consider this a btc in future. We need to think in all the view.
Since segwit has activated this time, bitcoin value has been increased more than 1000$, I expect it will touch next peak value again when we are peak value now.

Maybe you misread my post but you are arguing against me when we hold the same opinion, the name of bitcoin cannot ever change it is the brand to put it another way, if an altcoin based on bitcoin is created they cannot expect to receive the name since they are the ones forking its path that is why I suggest that if the 2MB fork happens the coins should not have bitcoin on its name since it is no longer bitcoin.

[DrGuns4Hands]

i read some article regarding this and they're saying that it won't affect the bitcoin price because people just shock on split that's why they sell their bitcoin that's the reason why bitcoin price fell down but when they notice that bitcoin won't be affected on the split they decided to buy bitcoin again that's why bitcoin price today was $4k because the demand is raising also.

[iqlimasyadiqa]

i read some article regarding this and they're saying that it won't affect the bitcoin price because people just shock on split that's why they sell their bitcoin that's the reason why bitcoin price fell down but when they notice that bitcoin won't be affected on the split they decided to buy bitcoin again that's why bitcoin price today was $4k because the demand is raising also.

This happened at the beginning of august. At that time many people who said that bitcoin prices will experience a significant decrease, but in fact bitcoin prices actually experienced a very high increase. So there is no benchmark that can read the bitcoin price movement. Things can happen, but if demand and bitcoin users are increasing then I'm sure bitcoin prices will get better.

[Golftech]

i read some article regarding this and they're saying that it won't affect the bitcoin price because people just shock on split that's why they sell their bitcoin that's the reason why bitcoin price fell down but when they notice that bitcoin won't be affected on the split they decided to buy bitcoin again that's why bitcoin price today was $4k because the demand is raising also.

Well maybe it will affect in a good way just like what happen to this soft fork maybe most people already learned about what happen last Aug 1 and they will not do the same mistakes again, lots of speculation though but let's just wait and see it with own eyes if what change it will be done with bitcoin value and services.

[snowdropfore]

hard fork will not kill bitcoin ,so calm down ,we will get another coin just as BCH

[Silberman]

It was easy to predict what would happen after the Bitcoin / Bitcoin Cash split. Because most of the users, exchanges and the developers were against Bitcoin Cash. But it will be difficult to predict about the split in November. We are still unsure about the level of support for Bitcoin Core and Bitcoin 2x. I want Bitcoin 2x to prevail in the end, but things are very fuzzy.

I still think that bitcoin is going to prevail, it seems most of the users are still aligned with the vision of the core team of developers, so at the end it does not matter the amount of hash power and money that segwit2x has if the customers are not moving to this new coin with them then they will have to return to the original bitcoin and I think that is what is going to happen.

[krizniq]

hard fork will not kill bitcoin ,so calm down ,we will get another coin just as BCH

november fork will not give u any new coin, it's replay protected (if i understood it correctly)

[sam53]

hard fork will not kill bitcoin ,so calm down ,we will get another coin just as BCH

november fork will not give u any new coin, it's replay protected (if i understood it correctly)

Haha, he thinks we will receive new coin like SegWit in August, do that just make the faith of investor and trader in Bitcoin decrease more. Because they will understand very easy for create new "Bitcoin" and the value of it very high, different from the original definition.

[hatshepsut93]

hard fork will not kill bitcoin ,so calm down ,we will get another coin just as BCH

november fork will not give u any new coin, it's replay protected (if i understood it correctly)

Replay protection means that chains are separated, like BTC and BCH. SegWit2x won't have it, so when you spend BTC or 2x coin, the same transaction might be broadcasted to the other chain. Although recently Jeff Garzik said he will add optional replay protection, so we might be able to spend forked coins without losing BTC. There are also methods to split your coins by yourself, by sending locked transactions, adjusting fees or using freshly mined coins. But dealing with 2x coin will probably be harder and riskier than BCH, so even fewer people will be dumping them while preserving their BTC.

[Silberman]

hard fork will not kill bitcoin ,so calm down ,we will get another coin just as BCH

The hard fork that is coming does not have the strength to kill bitcoin but I have no doubt that if the fork does comes to happen this is going to affect the price in a deep way since most miners are backing this new coin and if all of them move to this new coin then that could make bitcoin confirmations very slow for a very long time until the difficulty gets adjusted.

[exstasie]

The hard fork that is coming does not have the strength to kill bitcoin but I have no doubt that if the fork does comes to happen this is going to affect the price in a deep way since most miners are backing this new coin and if all of them move to this new coin then that could make bitcoin confirmations very slow for a very long time until the difficulty gets adjusted.

There's multiple possibilities if a super majority of miners continues backing Segwit2x and moves forward with the hard fork. Many supporters of legacy BTC have maintained that difficulty will eventually readjust on the legacy chain, even if the hash rate drops significantly. That's not necessarily true. It's entirely possible, if the vast majority of miners switch to Segwit2x, that difficulty will never readjust on the legacy chain.

In that case, those who do not wish to migrate to Segwit2x may be forced to switch to a hard fork of their own-- one which either has an emergency difficulty drop to get the network stable again, or a POW algorithm change.

That's the worst case scenario: a dead legacy chain and two altcoins.......

[gentlemand]

https://www.coindesk.com/f2pool-reneges-mining-pool-pulls-segwit2x-support-hard-fork/

The potential beginning of the end of forkageddon. If it was from someone a tad less trollish it would be more reassuring, but between now and November I believe more people will fall away even if this statement is a lark.

[BitHodler]

https://www.coindesk.com/f2pool-reneges-mining-pool-pulls-segwit2x-support-hard-fork/

The potential beginning of the end of forkageddon. If it was from someone a tad less trollish it would be more reassuring, but between now and November I believe more people will fall away even if this statement is a lark.

I seriously hope that now the Antgang have their Bitcoin Cash to focus on, that they will point less priority to the 2MB hard fork that they were initially agreeing with.

As we speak, there is absolutely no need for that fork to kick in. Once SegWit usage starts to pick up, and far more transactions start fitting in the same 1MB blocks, even the big blockers must realize that a fork isn't needed.

If there happens to be a chain split, it will once again be something that has only one motive, and that's the greed factor that plays an important role. Greed so strong, that they don't care when Bitcoin might potentially suffer.

It's beyond insane how miners have reached such a hostile ideology. I expect a heavy load of trolling and fud to happen in the runup to the date this fork is supposed to happen.

[exstasie]

https://www.coindesk.com/f2pool-reneges-mining-pool-pulls-segwit2x-support-hard-fork/

The potential beginning of the end of forkageddon. If it was from someone a tad less trollish it would be more reassuring, but between now and November I believe more people will fall away even if this statement is a lark.

I seriously hope that now the Antgang have their Bitcoin Cash to focus on, that they will point less priority to the 2MB hard fork that they were initially agreeing with.

One thing to consider, here. If it turns out in the next couple months that Bitcoin Cash isn't viable (e.g. demand dries up, value plummets, and it becomes unprofitable to mine), then they will be pushing for another hard fork.

As we speak, there is absolutely no need for that fork to kick in. Once SegWit usage starts to pick up, and far more transactions start fitting in the same 1MB blocks, even the big blockers must realize that a fork isn't needed.

The bolded is exactly what they're trying to capitalize on with all the network spam and FUD about Bitcoin Cash recently. And they're not alone. Bitpay just started charging a network fee on top of the invoice amount. I just paid an extra 0.000686 BTC. I don't know when this started, but it was within the last month and this information page was posted 3 days ago: https://support.bitpay.com/hc/en-us/articles/115002990803-Why-Am-I-Being-Charged-an-Additional-Network-Cost-on-My-BitPay-Invoice-

[Rinaze]

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.

Who are the developers behind Segwitx2?