Thoughts on the next fork?

[crismass1225]

Like what happened two months ago in Bitcoin Cash was born, many people are in favor to the first crypto which is bitcoin, many will dump there coin and still vote to Bitcoin, I cant say that Bitcoin cash is a complete failure or quietly successful as there are still many people trade BCC in exchange. This new Bitcoin Gold are fairly the same but if there is a new tech on it lets give it a shot so we can find out what its potential. Every coin is made for innovation .

[TheGodson]

The Fork will decrease the price. People will freak out, because Bitcoin could potentially lose all its value. I don't think it will so I will continue to hold. I don't really understand the purpose of raising the blocksize to 2MB.

When is this fork happening? I thought it was happening in November and not October. When is it?

[ekoice]

Many people could easily come to the conclusion that the second hard fork would also be a failure as the previous hard fork in august 1.But what should be concerned about this fork is that majority of miners who had signed the New York Agreement have agreed to activate segwit 2x by doing second hard fork and this time,many big companies are also supporting it.So,we would have to just wait and watch that whether bitcoin with legacy chain succeeds or this hard forked bitcoin with segwit 2x.

[Kakmakr]

Every time a fork happens a small group of people splinter off from the original coin. The Bitcoin Cash crowd took a very small portion of the bigger cake, because the money invested in Bitcoin cash, could have gone to Bitcoin Core. Now we have a new fork, where a small group will once again invest their money into a new coin. In my opinion it is stupid and only a strategy to divide the bigger community. In time more forks will happen and every time a small group will once again break away and invest in these shitty Alt coins.

On the positive side. people just wait for their free coins and then they sell it to buy bitcoins. <legacy coin> So this cancel the money being invested in these forks. We take the money from the stupid and we invest it in Bitcoin original. ^smile^

[jekjekman]

What are you guys predicting will happen before/after the next fork?

I read someone saying that the other coin that will be resulted of the incoming fork is named 'Bitcoin Gold' and he already explained what to do in able to get it and the precautions of what to be done.

I am open minded with this incoming Segwitx2 as it is for the better good of Bitcoin itself and not for a single purpose only, Bitcoin needs an upgrade it just happen that a possibility of forks will may occur, let those weak people sell off their coins and naysayers say what they want to get the price of Bitcoin falls down but I really trust the potential of Bitcoin.

[illyiller]

Every time a fork happens a small group of people splinter off from the original coin. The Bitcoin Cash crowd took a very small portion of the bigger cake, because the money invested in Bitcoin cash, could have gone to Bitcoin Core.

Exactly, and if you think about it, that means that Bitcoin is losing a massive amount of potential investment because of it. In a sense, any viable fork or altcoin can take away from Bitcoin's market share in this way. That's not to say that this money won't eventually be put into Bitcoin, but who knows?

Bitcoin Cash is a Top 5 coin; that takes a lot of money to prop up. Especially when you consider the hyperinflation that results from the Emergency Difficulty Algorithm -- it's sucking up a lot of the market's investment money. Long term, I see big problems for Bitcoin Cash because of the EDA. But we won't see this reflected in the market overnight.

[SummerBliss]

There are two forks scheduled in next two months.

First is Bitcoin Gold(BTG) on October 25, creating another version of bitcoin in the process which will be GPU mine able. But there is currently no testnet which miners could use to test out the new protocol. There are just hushing and I doubt that they will be able to execute hardfork effectively by oct 25. But if happens it will have same or rather less severe effect as earlier Bitcoin Cash fork. Price might not drop much, but a drop will be there.

For the 2x hardfork, things are a bit more tricky. It yet do not have significant support, there is air of uncertainty surrounding 2x hardfork. Picture will get more clear with time.

But in both the cases, price will recover after the fork if there is any dip before it.

[TheUltraElite]

It will all be a repetition of what happen when the first fork occurred. People will be buying and stockpiling bitcoin these few weeks. Then they will obtain their new altcoin and then it will be dumped along with some extra bitcoin leading to a fall in the market prices of bitcoin and the new fork of bitcoin. This seems to be the trend now. People are making cash by using these forks as methods to get free lunch. Gone are the days when people used to work hard to earn bitcoin and spend it.

[DoublerHunter]

I think there is no reason for us to panic for the next fork because i just read an article and it says that it is more on airdrop rather than chain split so i think it will be a good thing for the people who got bitcoin because they will get bitcoin gold too. It is a free money again and i think that we should just buy bitcoin now for long term so we can get benefits like getting some good coins like bitcoin gold in the next fork.

[cyberChevan]

What are you guys predicting will happen before/after the next fork?

I am perceiving that as we approach the said fork, we will experience a bumpy ride. We will encounter some dumps and panic selling. We might see Bitcoin again in the 3000 dollar range, maybe even less. After the fork, we have to expect another all time high to be reached. Though there will be a resistance, Bitcoin will definitely reach 5000 USD before the year ends.

[jossiel]

What are you guys predicting will happen before/after the next fork?

About the price? There's no prediction that's coming to my mind but it's just a the same thing that was happened with the bitcoin cash hard fork.

I'm expecting that we will be reaching another ATH. And like what's happening now the price is increasing so that those buyers can have the bitcoin gold before the fork.

1 week before the hard fork possible that we will able to see the price reaching $4,800. And after this bitcoin gold fork, we have to wait for the real test of bitcoin on November.

[babarian]

What are you guys predicting will happen before/after the next fork?

the market will return to normal, the price will be stable again, for now maybe the new fork will slightly affect the market price, but a few days later the price will stabilize again

[RayvenPierre]

I think the same thing will just happen just like the August fork. There will be people who will get scared and sell their bitcoins and worse do panic selling which will cause bitcoins price to go down. But after that bitcoin's price will increase again and hopefully reach new heights.

[sbdev]

hello
maybe this time the price will not go down before the fork because people will change all the alts they have to btc to benefit from it and also will buy before the fork.
before bcc in august we did not know how btc will react and price droped to 2000 but today i think it is different

[exstasie]

It will all be a repetition of what happen when the first fork occurred. People will be buying and stockpiling bitcoin these few weeks. Then they will obtain their new altcoin and then it will be dumped along with some extra bitcoin leading to a fall in the market prices of bitcoin and the new fork of bitcoin. This seems to be the trend now. People are making cash by using these forks as methods to get free lunch. Gone are the days when people used to work hard to earn bitcoin and spend it.

There are two themes here that worry me.

Everyone seems to think that this is a "free lunch" -- hard forked coins are just airdropped on us and we can all make money out of thin air. The problem is that in order for this to be true, there needs to be bid-side demand for us to dump into. If Segwit2x is even worth dumping, that suggests there is demand to make it a viable chain. There is even a possibility that demand for it could overtake that of the legacy chain, if 90% of the hash power really forks. I know, I know, hash power shouldn't matter. But I think fear of being on the weaker chain is real, and not to be underestimated.

Also, everyone seems to think that because Bitcoin Cash was launched during a bullish cycle, that this bullish cycle will be repeated just because of the Segwit2x fork. Not only does the past not predict the future, but the market was in a very different place in July. It's not pragmatic to ignore all other market variables.

Anyway, when everyone agrees on what the market will do, the opposite usually happens.....

[YuginKadoya]

hello
maybe this time the price will not go down before the fork because people will change all the alts they have to btc to benefit from it and also will buy before the fork.
before bcc in august we did not know how btc will react and price droped to 2000 but today i think it is different

I really think it can still drop significantly because we could never know if there would users that needs to convert or sell their bitcoin because they will need Fiat for their needs or there would still a number of people that are still panicking because of this Hard Fork or the not unfamiliarized with this kind of event or newbies that didn't know what happen to the recent Hard Fork.

[lucifochrome]

In my opinion, this coming fork if there is really one for the bitcoin gold, same thing will happen. It is just like normal days, bitcoin will still be bitcoin. Bitcoin's price may dip that i tink is because of some people who are going to panic selling but give it a few weeks price will come back up. Few months after price will be back at 5k as more people still patronize bitcoin than the other coins and because of this more and more will jump aboard. So by the end of the year i think price will reach 6-7k if not then it will be sometime february or march. Hopefully it breaks through 5k then we will see a major boost.

[Kprawn]

Everyone seems to be worried about the Bitcoin price, when they should rather be worried about the hashing power that are

re-directed to the mining of these forks. If this goes on and we have several of these forks, the total hashing power will

decline faster than it is added, because it is split up into smaller forks. People will not jump between the chains, but rather

dedicate miners to mine these coins, because the difficulty will be low and it will be profitable. If you want to worry about

something, worry about the impact it will have on mining. 

[zarados]

the price of bitcoin should high before the fork, cause there's alot of people want to get a free coin from bitcoin. Even the price are dump a little,

It should made a big buy wall before 25 october. I thought they dont want to lose other free money just like bitcoin cash fork. but let see, what's

happen before and after the segwit2x hardfork.

[Juggy777]

What are you guys predicting will happen before/after the next fork?

Well it's a tricky situation for all, every time a fork comes it creates panic and excitement. Panic cause how will it effect the Bitcoin network, I feel Bitcoin might just go down a little but this time it could even be stronger than it was before. Then I feel many could be excited to cause like last time they would be able to claim free Bitcoins. That's why every one is seeing this good, but I don't like fork and I do hope Bitcoin doesn't get much effected.