The impact of Bitcoin November Hard Fork
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Technically, Bitcoin blockchain will go through a hard fork, which means that the old algorithm that is used will be abandoned, a new algorithm will be instituted and "Bitcoin" will now be running under those new rules.
Last time, I said that if a second chain was created, it would be bad for the value of Bitcoin. However, both BTC and BCC raised in value significantly.
Can you imagine 20 BTC-alt chains existing without
impacting the value of Bitcoin!
We don’t know how much the market will support.
Maybe the price will go down.
But perhaps people find the new chain incredibly valuable.
The market will decide.
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That's kinda what I think will happen if forking continues. We can see 100s of BTC forks.
When are the forks happening? It time to buy alt
I think people will find it incredibly valuable ! But no one knows for sure , so much speculation ! What will happen to steem as well ! 💰💲👍👍
Thanks for good comment and support
Have a great weekend
Your welcome ! You too !💕✌👍
@lordoftruth,
Personally I hate hard forks! According to me it will destroy BTC! Not today, not tomorrow, but in few years of time we can see the impact! Great post which can be used as a best reference about upcoming fork!
Cheers~
I wonder when steem will come to another HF, just can't find any information. May be I just misunderstood that it was supposed to happen soon:)
HF 20 as I know will be the next year
But no one know when !!
Oh, well, next year is still far away:)
my personal opinion is these forks are bad for bitcoin, they might not looks bad for short term but they hugely damage the bitcoin in long run.
Well said
If you think second chain will create perhaps it can be actually.
Maybe can bitcoin price will go down. Lot of peoples searching new chain system with increased value. As this conditions and situation how will we trust about BTC. Sometimes new chain will be break down immediately as per market trend. But my prediction is bitcoin will be most valuable one.
Really good post @lordoftruth
Upvote & Resteem
Thanks for support, good comment and resteem
I wonder if Steem will rise
It will definitely ✈
I believe in it)
At least it allows to increase your funds here
in the long run
So it's better to accumulate now
@lordoftruth - Sir, this is a very useful article for me... I'm confused with BTC drama Sir :( Therefore, I wish to ReSteem your post.
+W+ [UpVoted & ReSteemed]
Thanks for support and resteem
With the way the value of Bitcoin is increasing, as I said in my last post: "A rising tide, lifts all boats" so let's hope this will be good for all cryptocurrency. Upvoted.
source
and your comment was upvotSteem on
Great post,
For your post propagation.
Upvote/Resteem
Thanks for support and resteem