How will the 28th Hard Fork affect the price of BTC & Altcoins

[rumexx]

There is no point to speculate about December 28th because it is already here. We need the fork to create more space in the blockchain and speed up transactions and reduce fees.

[anushkasachith888]

There is no point to speculate about December 28th because it is already here. We need the fork to create more space in the blockchain and speed up transactions and reduce fees.

As Bitcoin fee is too high and transaction are pretty slow.therefore now we can see many hard forks continuously to be happened, right ?. But still problem doesnt look solved properly . so how this situation affects the future of Bitcoin. there are more coins which are secure and fast more than BTC as i know. I would like to hear your story about my opinion...

[klarki]

It is difficult to give a forecast. The main growth he will show in 2018.

[scottykarate]

Does anything indicate when the snapshot was taken? If it already happened, it definitely won't do anything.

I will admit that I don't understand the technology enough to know if this is still an effort to force the Battle Royale that was supposed to happen with the original fork in some covert way.

The mass manipulation is likely just normal corrections and profit taking, but it could also be gauging a potential to gauge how hard it would be to create the flippening to something new, moving from BCH to the new coin while trying to crash Bitcoin simultaneously.

It almost seems like each side is testing the other-Bitcoin/BCH over the last few days and hold large amounts of each other's coins to try to sell and drive each other's value down. Then they buy their coins back on the cheap and the pattern reverses/value rises.

Conspiracy is way more fun than the truth! 

[Howell]

Someone correct me if I'm wrong, but this doesn't look like its being orchestrated by the same team that was supposed to implement the original segwit2x fork before it got cancelled...Seems kind of gimmicky if this is the case. 

And this whole receiving a portion of Satoshi's btc is confusing to me.

I was going to ask the same question too because mention was made severally about "developers" making this move, which I think must be core developers, else the talk of giving out portion of Satoshi's coins wouldn't have come up.

[anushkasachith888]

Ahem, and these altcoins, are essentially 'forks', mainly scamcoins - really, as time goes on, they will be lost in the sea of altcoins. Why?

Simple: with each derivative fork the new altcoin makes itself much weaker in ALL of these ways:

-less hashing power than the real Bitcoin network. Thus new scamcoin will be less secure.

-less open, global development of protocol codebase than real Bitcoin. Thus new scamcoin slow to innovate and be more vulnerable.

-less (true) independent full nodes on the network than real Bitcoin. New scamcoin more susceptible to attacks on protocol and hijacking.

-more concentration of coins to fewer individuals than the real Bitcoin network. Thus new scamcoin becomes more unfair with time.

-more geographic concentration of mining than the real Bitcoin network. Thus the new scamcoin will have more points of failure.

-more hardforks demonstrate all these points moreso with each iteration to global public. Thus new scamcoins lose value vs Bitcoin every year.

-is just another altcoin

Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If its development wasn't decentralized around the world, there would be no value
If there was central "leaders" or foundation for the coin, there would be no value
If it was exactly like fiat and only did transactions, there would be no value.

Bitcoin has all the characteristics needed combined to make the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system.


To anyone curious, this is how bitcoin has faired even with the many hundred of altcoin forks from its open source standard it set;
Chart of performance of assets from Xmas 2014 to Dec 1. 2017 (in USD terms):
Bitcoin/USD
S&P 500 Stocks
Real Estate (REITs)
Gold
Bonds




Here are weekly peer-to-peer localbitcoins cash trade data for two random countries as time goes on. Right-most area is the most recent past week.

Hi centralbanksequalsbombs , Thanks a lot for your detailed explanation. It is very useful.

[BingoDog]

I have my opinion about all this forks that is not actualy very positive. So many of them so often are needless and uselles and make nothing but confusion. And I don't beleive that fork can improve the network and cut the fees.
This one announced for the end of December will not influence the price significantly, that is my opinion. I know that many users are happy about the forks because of few so called free coins and that is their only goal but they forget what is fork actualy all about and these false coins would be soon worthless.