November Bitcoin Hard Fork / Bitcoin Trend 26-09-2017 Midday Update
Much Like August 1st, and the hard fork that just passed us, November will bring much of the same. Even though Segwit has been activated, miners commited, to agree to increase blocksize from 1 MB to 2 MB..
If all the miners do not agree, we will see another hard for of Bitcoin. If there is 100% miner support for the increase in block size, there will be no hard fork. If there is not, we will have 3 bitcoin like coins. Bitcoin cash, bitcoin, and the 3rd new coin that is created by the split of the current bitcoin..
I think it is less likely that we hard fork in November than the fork that just occurred. Mainly because it is known that most miners will agree to the increase in block size. However, this is certainly no guarantee, and we very well could have a split..
What this will likely cause, is fear and people to pull out their money, much like what happened in July. This will take place in October in the weeks leading up to the potential fork..
Expected trading for the rest of day is between 3776.00 support and 4236.00 resistance.
- 3776.00 level was broken and the price hold above it..
- EMA50 support the bullish trend..
- The first target objective on the upside is 4236.00..
- Breaching 4236.00 level and holding above it,
will push the price to retest the lifetime highs at 4980.00..
Expected trading
for the rest day is between 3776.00 support and 4236.00 resistance..
Expected trend for the rest of day: Bullish..
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i think another fork would be bad. I think it would also be bad if the 2x fork would not happen as lots of people have agreed to it and now if they do not follow thru this would make them all liars und untrustworthy from a business perspective.
technically i don't like the 2x increase off the blockchain, but like it more than not doing it. If there is a 2x increase there is little reason for bch or at least less and it would strengthen the main chain.
ultimatley I hope a real scaling solution will be found which neither bcc or btc has provided.
Yes, I agree. If a another coin is chained off it would be epically bad for all forms of btc. Confidence would go in the toilet and there would be a large pullback scaring off new investors too.
Thanks for comment
We have to wait
Let us wait and see
Feel free to read
https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-28-09-2017-midday-update-bitcoin-segwit2x-b2x
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Thanks for the update
Greed might play a role and miners disagree just the make money on new coin...lets hope for the best
very curious what they will do the miners :)
@lordoftruth,
Actually I am fed up by this hard fork drama :D Anyway I wish BTC price will drop a bit to process my bid :D Thank you very much for sharing such great news with us! really appreciate your effort!
Cheers~
i hope this time all agrees and nothing happens like last time :)
very interesting post.this is my first time here.i found so many interesting stuff in your thread especially its discussion.. thanks for shearing
very good explanation friend ... thanks
Another one.. when this will going to end.. May be price will go down and we will get a chance to buy bitcoin at low price.
thanks for the update
Cheers!