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Author Topic: will people get a free Segwit btc for each btc they have, after the fork?  (Read 341 times)
Watari (OP)
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November 03, 2017, 03:16:38 PM
 #1

Or why are people buying btc like crazy?
BrewMaster
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November 03, 2017, 03:30:48 PM
 #2

the new fork is called a lot of different names: bitcoin2x, SegWit2x, S2x, B2X, BTC2.
and you will only receive equal amount (like BCH and BTG) if they go through with the fork and it actually happens. in which case they need to first add a strong two way protection because the hashrate support is no longer as much as it was before.

Or why are people buying btc like crazy?

i believe it is mostly a false hope because of CME news.

There is a FOMO brewing...
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November 03, 2017, 04:13:10 PM
 #3

Yes. Just like it happened with the Bitcoin Cash fork, every Bitcoin you have will provide you with the same amount in the S2X chain.

I suspect that this is one of the major reasons why Bitcoin price is skyrocketing. We saw that with Bitcoin Cash and a little with Bitcoin Gold. Because of the huge support the S2X fork has from the miners, people don't want to risk losing what there is a chance of becoming the "real Bitcoin" in the future.

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player514
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November 03, 2017, 04:27:19 PM
 #4

Or why are people buying btc like crazy?

Yes you will get the same amount of segwit btc after the fork. People are buying for the same reason they bought when the whole BCH and BTG stuff went down. They think it's just free money, but in reality, they're creating a bubble that will burst after the fork. It probably won't drop a lot, but it definitely will tank the price a little bit. We saw the same exact activity right after the BTG fork because people started to see BTC go up.

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jackhdt
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November 03, 2017, 04:47:45 PM
 #5

that right.at the time of the fork, with the number of your Bitcoin owner will be credited with an equal amount of the Bitcoin2x asset on the Bitcoin2x blockchain. For example:  if you have 1 Bitcoin before the fork, you will have 1 Bitcoin and 1 Bitcoin2x following the event
Or why are people buying btc like crazy?
I think so

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Lieldoryn
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November 03, 2017, 05:00:11 PM
 #6

Or why are people buying btc like crazy?

Yes you will get the same amount of segwit btc after the fork. People are buying for the same reason they bought when the whole BCH and BTG stuff went down. They think it's just free money, but in reality, they're creating a bubble that will burst after the fork. It probably won't drop a lot, but it definitely will tank the price a little bit. We saw the same exact activity right after the BTG fork because people started to see BTC go up.
I thought so too, but after separated from bitcoin the bitcoin gold price drop lasted for several days and after that we can see today price was 7000+. What happens if after segwit2x will be the same situation. People sell their coins and then they buy them already for $ 10,000. I do not exclude such variant.
Bitcoinsummoner
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November 03, 2017, 05:46:51 PM
 #7

Or why are people buying btc like crazy?

Yes you will get the same amount of segwit btc after the fork. People are buying for the same reason they bought when the whole BCH and BTG stuff went down. They think it's just free money, but in reality, they're creating a bubble that will burst after the fork. It probably won't drop a lot, but it definitely will tank the price a little bit. We saw the same exact activity right after the BTG fork because people started to see BTC go up.
Its really a free money if you bought bitcoin in low price and you are getting both the benefits of the price increase and you can get your fork coins.. Until now i still didn't get my bitcoin gold but the price was drop a lot but the price of bitcoin are keep increase because of the next fork.. that i think this will the last or final fork that i think we will experience of large drop of the price..
Because there is no fork will happen again.. but if there are more coming fork after this november 16 well expect the price will getting increases because people will keep investing just to get the benefits of free fork coins.

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DaMut
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November 03, 2017, 05:57:26 PM
 #8

if we are talking about the reason behind this pump i think that is one of those source why would we see this pump.
awhile ago we're seeing Bitcoin Cash,not many people holding their Bitcoin and when it's traded on exchange,
its price show us some its worth,that is why many people will not lose this again,
other than that we also heard about CME listing Bitcoin futures,
that is why some people overhyping it,
and lastly it's manipulated,most people will follow the train and it's not really hard for them to make a move,
just by doing a single pump,there'll be alot of people FOMO'ing.
player514
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November 03, 2017, 06:10:26 PM
 #9

Or why are people buying btc like crazy?

Yes you will get the same amount of segwit btc after the fork. People are buying for the same reason they bought when the whole BCH and BTG stuff went down. They think it's just free money, but in reality, they're creating a bubble that will burst after the fork. It probably won't drop a lot, but it definitely will tank the price a little bit. We saw the same exact activity right after the BTG fork because people started to see BTC go up.
Its really a free money if you bought bitcoin in low price and you are getting both the benefits of the price increase and you can get your fork coins.. Until now i still didn't get my bitcoin gold but the price was drop a lot but the price of bitcoin are keep increase because of the next fork.. that i think this will the last or final fork that i think we will experience of large drop of the price..
Because there is no fork will happen again.. but if there are more coming fork after this november 16 well expect the price will getting increases because people will keep investing just to get the benefits of free fork coins.

That's true, but I'm guessing that most of these people are trying to hop on the trend later. Not a lot of these people who JUST heard about the whole fork situation invested a while ago. I think that people have a common false misconception about the forks and "free money." In the short term, it won't be a huge growth. It will instead be a small drop in the short term and a decent growth in the long term.

This area is up for grabs! PM me if you're interested.
wooch4aeye
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November 03, 2017, 06:17:52 PM
Last edit: January 14, 2018, 10:17:45 AM by wooch4aeye
 #10

the new fork is called a lot of different names: bitcoin2x, SegWit2x, S2x, B2X, BTC2.
and you will only receive equal amount (like BCH and BTG) if they go through with the fork and it actually happens. in which case they need to first add a strong two way protection because the hashrate support is no longer as much as it was before.

Or why are people buying btc like crazy?

i believe it is mostly a false hope because of CME news.

why there is more than 1 Fork of bitcoin price now high and can gain from it.
most of them just need free money from forks

Pearls Before Swine
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November 03, 2017, 06:30:09 PM
 #11

It's no wonder that people are jumping into bitcoin right now and driving the price
up past $7300.  These stupid forks are like an attached lottery ticket to owning
bitcoin.  It's free money, and the markets are reacting efficiently.  Nobody walks
past a $20 bill lying on the sidewalk, right?  Even though the forked coins might
not amount to anything,  you don't have to pay to get them if you own bitcoin at
the time of the fork...one would be crazy to pass that up.  People are realizing
this, so that's why (in my opinion) bitcoin is shooting into the stratosphere.   
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