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leyton11
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August 21, 2017, 04:50:24 PM |
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This is always a constraint, when prices skyrocketed will certainly make people to hold on, but when there is a fork issue then everyone sells bitcoin for fear of missing.
Although this scenario very old and can't make old trader fearing about it, but most newbie and speculator will scared and confused. They very easy become to food for whales and sell all their coin => Make panic selling and create affect domino on market. |
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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eckmar
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Activity: 1878
Merit: 1038
Telegram: https://t.me/eckmar
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August 21, 2017, 04:57:50 PM |
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If that's the case, I think segwit2x will not have an impact on bitcoin. For example BCC, which in the report can drop the btc price, now bitcoin remains the best.
Every change have impact on bitcoin. BTC price did not increase because of BCC, it increased because of improvement to the code. Same thing will happen in November. So most likely there will be a fork. |
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HasHe
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August 21, 2017, 05:07:34 PM |
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Yes,the next bitcoin fork is expected to occur in november.Again,a group of bitcoin developers,companies and users including Bitmain,a large bitcoin infra structure company and bitcoin developer Jeff Garzik have signed an agreement in may known as " New York Agreement".By this way,they are going to increase a two megabyte block size along segregated witness through a hard fork within six months of signing,that is november.it is called Segwit 2x.So we will be having three forms of bitcoin.
BTC
1 megabyte blocks
Segwit
BCC
8 megabyte blocks
No Segwit
Segwit2x/New York Agreement
2 megabyte blocks
Segwit
We would have to just wait and see which bitcoin gets more support and only that would survive.
One of the version is sure to die,may be BCC.
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trecore4
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CryptoTalk.Org - Get Paid for every Post!
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August 21, 2017, 05:17:47 PM |
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Yup that's right, it is going to happen for sure. The fork starts in the first week of November and everyone is waiting for this fork because they think that there will be another dip for bitcoin and everyone might just start investing more into bitcoin. NYA might just create third currency or clone of bitcoin leading to crazy market movements. Let's hope everything happens the same way as it happened with hard fork in august. Fingers crossed and ready to welcome the next fork. Hope it brings us fortune, and a lot of it. |
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bitcoinmaniac52
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Activity: 532
Merit: 250
Presale is live!
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August 21, 2017, 05:21:02 PM |
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Some people are saying Segwit2x is allowing for centralization of Bitcoin. I am not sure how this is or what they mean by it. Anyone care to explain? I know it stands for "Segregated Witness".
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joseafonso123az
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August 21, 2017, 05:23:42 PM |
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I think these forks are just another reason why bitcoin won't be stabilized and won't be taken seriously by many. Instead of the big guys try to unite forces and put effort for better transactions and bigger blocks to get thing smooth, they only want to create their own coins, and try to compete against BTC. That gives us more coins as a benefit, but creates volatibility around this market. And for a fork happening in Nov, I didn't hear it, but think that there will be a segwit2x that will make a new fork, and I think it will be before November.
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mr.zet
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August 21, 2017, 05:27:51 PM |
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I also heard this news, but for now this is only guesswork.
Let's see what happens.
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An investment in knowledge pays the best interest
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digitalgame4life
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Active forum member, A+ poster, PM good sign camp.
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August 21, 2017, 05:34:32 PM |
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There will be, a new segwit is coming and screwing it again, instead of being decentralized and not manipulated by anyone there are coming hard forks to fill the greed of people wanting more money
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fullypak
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Merit: 1005
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August 21, 2017, 05:39:02 PM |
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Yup that's right, it is going to happen for sure. The fork starts in the first week of November and everyone is waiting for this fork because they think that there will be another dip for bitcoin and everyone might just start investing more into bitcoin. NYA might just create third currency or clone of bitcoin leading to crazy market movements. Let's hope everything happens the same way as it happened with hard fork in august. Fingers crossed and ready to welcome the next fork. Hope it brings us fortune, and a lot of it. Whatever fork come no worries. What will happen, we will see some price variation in bitcoins. All panic sellers and will dump coins, and it will affect on Bitcoin price that's it. I fixed one thing in my mind i will not going to sell my coins this year. If i want money, i can sell part of coins but not sell all coins. i am sure that this year end the price will reach the peak. |
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Rinaze
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August 21, 2017, 05:40:00 PM |
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Does having just 1MB more block size significantly reduce the risk of centralization compared to 8MB? Not that it really matter though since more than 70% of the current BTC miners are located in China..
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Desscount
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ComboLabs
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August 21, 2017, 05:44:22 PM |
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I think it is a rumor from an incorrect source, no one can predict the future with certainty. Everything is just the discourse and thought of the results that have been in concluded.
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Rinaze
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August 21, 2017, 05:51:02 PM |
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I think it is a rumor from an incorrect source, no one can predict the future with certainty. Everything is just the discourse and thought of the results that have been in concluded.
58 companies located in 22 countries (includes Shapeshift) has signed the New York Agreement to support the upcoming November hard fork. The only way that this is not happening is for most of them to back out (either secretly or openly). What are the chances? https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77 |
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hv_
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Activity: 2506
Merit: 1055
Clean Code and Scale
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August 21, 2017, 05:53:30 PM |
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Looks like also ShapeShift supports the 2x.
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Carpe diem - understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
The simple way is the genius way - Satoshi's Rules: humana veris _
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VeeraS
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August 21, 2017, 06:02:16 PM |
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I can only follow symptoms of symptoms about the development of bitcoin, and its effect for allcoin. I can not predict my analytical ability is still limited to it.
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Kaller
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August 21, 2017, 06:04:24 PM |
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Can someone explain to me what is Segwit?
I watched some videos but I do not understand.
some said it will be good for Bitcoin others said it would be bad.
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Denies
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August 21, 2017, 06:35:01 PM |
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I do not know for sure, my experience for this does not yet have, I just become a bitcoin witness from day to day. What happens can all be possible.
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pushups44
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August 21, 2017, 06:43:21 PM |
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More hard forks are likely, given that it's not possible to reach a consensus on the direction of bitcoin. This should be welcomed rather than feared by investors, as market forces will decide which version prevails.
Let the forks continue.
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Rinaze
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August 21, 2017, 06:45:31 PM |
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Looks like also ShapeShift supports the 2x.
Coinbase too. Bitpay, Bitmain and several large entities as well are all behind this motion. |
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Heartilly
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August 21, 2017, 06:48:27 PM |
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Can someone explain to me what is Segwit?
I watched some videos but I do not understand.
some said it will be good for Bitcoin others said it would be bad.
It will be difficult if we talked here about that from the scratch. If you already watched some videos or read articles about that but still didn't get the picture, even the basic idea, then for sure you won't understand it even we explained it to you. Some videos or articles explained Segwit in such an average bitcoiner can understand. Basic explanation is enough but it seems you are having trouble to understand it  |
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Babylon
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August 21, 2017, 06:48:43 PM |
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Hi all,
I read somewhere that there will be another bitcoin fork in nov, is this true??
Where can I read more info on this? I googled but didn't find any news regarding this?
If it happens then it seems there will be another dip and I would buy then!!
Thankss
One big bitcoin fork already happened and it didn't do much on bitcoin. I think the next one wouldn't be too soon, and possibly most people would just usually ignore it. The last one didn't even do a thing to btc, and it didn't even affect it's price. Maybe a year or few years from now it's possible, but who knows when? Let's just wait for some confirmation. |
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