You're CrAzY if you don't sell before the hard fork.

[thms]

Think about it, a hard fork can influence the BTC price in only two directions:

1) everything runs fine and bitcoin price will continue to vary sideways.
2) the hard fork causes problems and BTC price plummets down to zero

So you see it's either sideways or rock bottom! There's no possible scenario where the hard fork will pump BTC price. It's not like people will think "omg block size increased, let's all buy bitcoin!".

So if you sell now, you're protected from a rock bottom price drop.

If the transition runs smoothly, you can buy back in later.

Sell now to protect you against the remote possibility of the fork ruining bitcoin.

[Ultros]

I'm short.

[fonzie]

Think about it, a hard fork can influence the BTC price in only two directions:

1) everything runs fine and bitcoin price will continue to vary sideways.
2) the hard fork causes problems and BTC price plummets down to zero

So you see it's either sideways or rock bottom! There's no possible scenario where the hard fork will pump BTC price. It's not like people will think "omg block size increased, let's all buy bitcoin!".

So if you sell now, you're protected from a rock bottom price drop.

If the transition runs smoothly, you can buy back in later.

Sell now to protect you against the remote possibility of the fork ruining bitcoin.

Have they already agreed about a date at which the hardfork will be executed?

[Silent Sam]

Cute thread bro.

[HalFinneysBrain]

It used to be that almost everyone was permabulls, and they could not conceive on any possibility which would cause Bitcoin to go below $X.  (Where X was 500, and then 400, and then 300, and then 200)...

They were wrong.

Now the opposite is the case for many of us, as exemplified by this thread.  Look at the logic:  "There are only two things that could possibly happen: Bitcoin will stay at the same price, or Bitcoin will go down".


In reality, the price might go up or down at the fork.  Everyone who has said "Bitcoin will never do X" has pretty much been proven wrong throughout its history.  Both the bulls and the bears.

[M28MmickT]

You maybe right but when is the fork!?

Does any of us know is there a date?

[gentlemand]

You maybe right but when is the fork!?

Does any of us know is there a date?

It's being discussed and debated at present. It's a long way from being a dead cert but something will eventually need to be done.

[gothsurf]

I thought the idea was that the hard fork would only happen once a certain percentage of miners are running the new code, not on a specific date

[PolarPoint]

The fork to increase maximum block size is advantageous to the miner and pools, and transparent to the users. There will not be a split among the community. The only problem is bugs. If it is well tested, there is not much to worry about, price isn't going to swing much.

[uki]

The fork to increase maximum block size is advantageous to the miner and pools, and transparent to the users. There will not be a split among the community. The only problem is bugs. If it is well tested, there is not much to worry about, price isn't going to swing much.

still, if this event (fork) occurs, it may be played both to the upside and to the downside, depending on what pleases more in that given moment.
No matter how transparent the whole process is. As little as few tweets, may ignite the panic buy/sell.

[fonzie]

The fork to increase maximum block size is advantageous to the miner and pools, and transparent to the users. There will not be a split among the community. The only problem is bugs. If it is well tested, there is not much to worry about, price isn't going to swing much.

still, if this event (fork) occurs, it may be played both to the upside and to the downside, depending on what pleases more in that given moment.
No matter how transparent the whole process is. As little as few tweets, may ignite the panic buy/sell.

Note to my myself:

Make a few twitter clone accounts from the involved devs... 

[Omikifuse]

BTC survived the last hard forks and even bubbled.

Can't see why this time will be different

[relm9]

So you see it's either sideways or rock bottom! There's no possible scenario where the hard fork will pump BTC price. It's not like people will think "omg block size increased, let's all buy bitcoin!".

So maybe that's exactly why it will go up. People like you thinking there's no possible way the price will rise after a successful fork.

[byronbb]

So you see it's either sideways or rock bottom! There's no possible scenario where the hard fork will pump BTC price. It's not like people will think "omg block size increased, let's all buy bitcoin!".

So maybe that's exactly why it will go up. People like you thinking there's no possible way the price will rise after a successful fork.

Yup. Good spot for a short-squeeze. Just go on IRC and listen to the devs talking, they will let you know if something is wrong.

[lophie]

Hard forks happened before, Unanticipated and way more scary but the price was not affected at all. Know your crypto history.

Do you also know that there was a successful double spend worth over ten thousands dollars in Bitcoin on such a fork? IT did not affect the price because the guy informed them about it and resent the money.

Hell I personally was double spent by gox! But they resent me the Bitcoins later on.

So dude, why would it be any different this time?

[thms]

So dude, why would it be any different this time?

This time is different because there is much more hostility between the devs now.

And now there are many more blackhat hackers trying to steal bitcoin now compared to then.

[Newar]

[...]

And now there are many more blackhat hackers trying to steal bitcoin now compared to then.

You must be new here.

[insidertradingeverywhere]

when's the word on the date? Where will it be announced first?

[cazkooo]

Hard forks happened before, Unanticipated and way more scary but the price was not affected at all. Know your crypto history.

Do you also know that there was a successful double spend worth over ten thousands dollars in Bitcoin on such a fork? IT did not affect the price because the guy informed them about it and resent the money.

Hell I personally was double spent by gox! But they resent me the Bitcoins later on.

So dude, why would it be any different this time?

yep hard forks happened before, this will probably be the same, once the problem is fixed, price will keep on going sideways, its pretty irrational to think that hard fork will crash the current price anyway

[Denker]

Oh my god what a stupid OP. Check BTC history and you will see that each hard fork before never had any effect on the price. And with the next one it won't be different!