The futures are a good, rough indicator of the probabilities people put on B2X surviving and taking most of the market cap. If it doesn't it's dead, no one has an incentive to mine it.

But it's just a rough indicator. Most bitcoin owners don't want to put their bitcoins on an exchange like that. Both for anonymity reasons and counter party risk. Thinking of who would even have the BTC on finex to trade in the first place, I think you will realize that the chances are even more skewed in the favor of BTC than the futures indicate.

The upcoming fork is increasing the price of Bitcoin. Bitcoin's price is independent of the other forked coin to some extent. People buy Bitcoin and they get both Bitcoin and the forked coin. Even if they are doing this specifically for the fork they probably will hold at least some bitcoin just incase.

I could be wrong, but I'm guessing most people would probably keep both coins and see how it plays out. Some people may sell off a majority of one coin, but I'm guessing people are probably holding a little bit of the other coin just in case it shoots up.

At this point in time Bitcoin is the only coin which really can be used to buy things with. I've never heard of anyone buying anything with Litecoin, Etherium, or Ripple.

Where is the safest place to buy a hard wallet and which one would you suggest?

Also BTC creeping very very close to 5k! (please don't let this be a jinx lol)

Bink 5k literally as I was typing the above, been skyrocketing in the last few minutes

^ Trezor.io

Ok so these futures are pricing in a roughly 20% chance the fork activates and becomes the dominant chain effectively becoming 'bitcoin'?

And in the event it doesn't then you believe its price will very quickly drop to zero, rather than hover around 0.1-0.2 BTC like BCC has?

Pretty much, yes. BCC has more of a reason to exist than S2X (as a minority chain). It has what the "big blockers" want; larger max block size, no segwit, no core developers.

But more importantly, S2X doesn't have the emergency difficulty adjustment like BCC has, as protection against having a lower price with the same hashing function. If miners can only sell those coins for a lower price, then it won't take long until they will abandon mining it, and they will never reach the difficulty adjustment needed to keep the chain alive.

nano ledger s - ledgerwaller.com

and new ATH is achieved.
5.2k as we speak.

5.2k. holy batman.

It is bitcoin, it’s a derivative of bitcoin. Of course they’re going to try and fool some people but no one except maybe you is going to fall for it. Anyone who is so dumb they don’t know the difference won’t even be capable of buying the new coin.

blog.coinbase.com/announcing-instant-bitcoin-ethereum-and-litecoin-purchases-on-coinbase-c29d8a94e152

Why are you saying this? It's obviously wrong and I don't understand your motivation to spread such misinformation

it's not obviously wrong. it's 100% correct and common sense. how do you think the price works?

does a magic price fairy whisper in the ear of the coinbase CEO the night before the fork?

before the fork, nobody is buying and selling BT2 because it doesn't exist yet.

after the fork, BT2 will exist but there will be a short period where nobody has bought or sold it. at this point it's worth $0.

then, someone will list it on an exchange and it will have a price.

please explain how this is obviously wrong and misinformation. or apologize!

i think the opening price will be quite high considering the amount of mining and exchange support. what do you think?

Augie, no offense, but you’re a wet brain mongoloid. Could the mods please ban this troll?

Please shut up, you're totally clueless about cryptocurrencies. Also, please stop being a mod, so I can put you on ignore.

BT2 definitely exists. It's a derivative, where Bitfinex promises to give you 1 B2X for every BT2 after the hard fork (if it happens).

I made a thread in atf about the trolling of anyone cares

https://forumserver.twoplustwo.com/5.../#post52972122

cool, thanks. you can be a douchebag, that's fine, i appreciate you including actual information with your insults unlike rubberband.

i'd heard about the BT1/BT2 futures but i didn't make the connection as a form of price continuity through the fork. i was 100% wrong, BT2 will have an opening price before the fork.

i'm trying to learn how this all works, thanks.

I included information the 1st half dozen times I responded to you and you keep responding with misinformation, and ignorance. I’ve asked you nicely to stop.

https://blog.blockchain.com/2017/10/...kchain-wallet/

this seems like a pretty big deal. has coinbase announced how they intend on labeling the two chains? if the big wallets just start referring to BT2 as BTC won't that create absolute chaos in the price? if the below articles are true, and coinbase joins blockchain in labeling BT2 as BTC, is that a huge storm brewing?

https://bitcoin.co.th/segwit2x-follo...-mining-power/

that article says 95% of mining power!

https://medium.com/@jimmysong/segwit...k-27749e1544ce

this article says 87% of mining power.

Augie has his place in these threads....in an industry that is just filled to the brim with optimism/confidence...someone needs to be in there asking questions to the contrary(even if he sounds like a dumbass in doing so).

It's very hard to find well-informed opinions against bitcoin or other cyrptos while within 5 seconds you can find 100+ YouTube channels that are dedicated to hyping different coins/ICOs.

IMO let him keep spouting off because it gets educated people to give out information along the way.

As I get more and more invested into crypto I want more and more detractors to come out in order to keep me in check/have me questioning everything because If I can say to myself "yeah he's wrong" then I will have the stones to hold through the next 25%+ sell-off.

Any uncertainty regarding this fork makes me even more confident in just continuing to buy LTC leading up to the fork (already have a core BTC position that I never plan on selling).

thanks.

duffman, what do you think about this labeling issue from the two biggest wallets? seems like the twitter community is just sweeping this fork the rug as if it will end up like BCC. there's an endless sea of "no2x" handles, but there doesn't seem to be a lot of acknowledgement that over 80% of the mining power being behind this.

If you think Augie makes a valuable contribution, why do you insult him twice in the process of acknowledging it?

I don't really appreciate the tone or the confidence without knowledge to back it up. But I guess it's part of human nature to think that you know a lot, because you don't know what you don't know.

I apologize for being a douchebag augie_! Keep challenging peoples opinions, keep being curious, but also please be a bit humble that others have been involved in this space for quite a while .

I skipped over your posts the last few days, but I will read through them tomorrow and see if there are any questions you haven't gotten answers to, or statements that I don't agree with.

Dunno, I haven't looked into it much yet.
I have my initial BTC position that I plan to just tuck away securely and let ride.

I'm more interested in trying to educate myself on which of these emerging coins/companies can actually pull off the technology that they claim (ie IOTA etc..) and which 900+ of the current coins will someday become near 0$. Lot more potential $ to be made there. Think there's a lot of pairs trading that will make hella sense just by simply following the advice of the right programming nerds and keeping track on development progress.

My uneducated guess is that the biggest killer of some of these coins will be the development teams jumping ship for the next hot item or better paying gig when the going gets too tough or the initial ICO funds have dried up. (this is why I feel LTC doesn't get NEAR enough love...besides BTC it's survived the bearish years and is still here whereas 99% of these coins haven't).


Bitcoin is going to do what bitcoin does...Rise...fallll...boom...die...Boom again. Think the best play in it is to just buy the fear and hold(I need to improve at this).

5.4k

hahahahaha!

poser.