Post
Topic
Board Speculation
Re: Don't Buy Bitcoin Now - At USD6000
by
thinair
on 07/11/2017, 16:52:40 UTC
Buy at anypoint untill 13th of november ,cause people will buy untill then no matter what.
Altcoin will drop by price and btc will be high as usal.
So buy now and donot re great.  
A hard fork means your BTC would now be in both blockchains; but it is simple common sense that one of the two ledger must be invalidated in order that bitcoin is to be trusted - and survive. If the two forks last for years and I have my UTXO (unspent coins) in both ledger, that means both ledgers have been compromised. One must die off! Or one becomes the alt coin.        

not at all. altcoins have survived for many years and their survival never meant bitcoin to be invalidated. they remain as an "alternative" and the main thing forever will remain bitcoin until years from now something better  comes along.
these forks are also temporary hiccups. after some short time they will just go into the list of "failed attempts" beside hundreds of others.
You are correct. My mistake. If properly done, a hard fork means another addition to supply of crypto. After the fork, the supply of unspent coins (UTXO) doubled in an instant. In general , an increase in total crypto supply will dilute the demand for each of crypto including for Bitcoin. But these people here imagine that a hard fork means coins - wealth - would be "airdropped" into their new magically created wallets. This may be what is driving many into leaving other crypto and getting into Bitcoin sending it to $7000. There may be other reasons.

If wealth could be so easily created through just a digital fork, indeed blockchain technology is the next big thingy since the Lord God created the Heavens and the Earth in the legendary six days.      

I have yet to buy into all these talk about blockchain technology, etc. About how BTC will be with us till the end of time. I don't even buy that Bitcoin is of any use contributing any benefits to society. Internet, digital technology of course would and should be to our benefit.