What is the typical consensus here on the decision and its short term BTC affect on August 1st?
1. Price falls massively
2. Price goes up even higher ?
Thanks
I'm hearing people saying they'll be pulling their coins off teh exchanges because otherwise they might lose money (the exchange will feature only one part of the fork instead of both).
If people are pulling coins out and not trading, then the price will fall.
I think when ETH forked to create ETH and ETC, the price fell dramatically and took a year to get back up.
I dont think that tells the whole story, in theory if something becomes more scarce then it become more valuable, what will happen is that everyone that planed to buy bitcoin and know what is happening will wait before making any move, the problem is not going to be supply, since I think many people will want to get out of bitcoin, the problem is going to be demand that could get a lot lower.