I agree that it was not communicated well, but you have to remember that there are 2 sides that has been battling on for the last years or so regarding which bitcoin direction should go through. And now that Segwit2x activation nears, the panic of splitting is seriously enough that cause a lot of investor to shy away from bitcoin and casual investors to push the sell button. I think initially nobody really understand what the implementation will bring to the market, that's why it sunk at this price. But how do we know if we haven't crossed it yet? The lessons will be fully felt once it happens, otherwise fear and uncertainty will continue to arise as we near the "doomsday" as other want to put it.

The current drop was expected by many users. The event on August 1st brought confusion and uncertainties to everyone and the result is what is reflected on the charts. Whether the fork is to be imposed or not, as long as it is for the best for Bitcoin then nothing is to be worried about.

What kind of lesson will arise here? Is it when there is a possible fork, there will be a hard drop? What is the lesson in here anyway? A change in Bitcoin is intended to make it better and cope with the current issues it is facing. Change is always desirable in order to address some issues and to improve its services.

This is the most ham-fisted and poorly thought out OP post about the August fork that I have seen yet, and I have seen some absolutely trash-tier threads from months (and even close to a year now) ago.

When you can prove that this crash was because of the news of the fork on the way and not because the entire market was in a bubble that was waiting to pop, where the market generated $74B USD in value over the course of a month, then we can talk. But this is nothing more than a market wide correction which was created by new crypto getting in on the gold rush and trying to make money. Someone started selling and everyone else did.

My impression is you haven't been here long enough to know both sides of a story, nor extrapolate. Do you think Bitcoin hit $2,900 because people love Bitcoin for what it is?

Miners are completely fools imo. There are so stupids that they are not only act against their own proftis but against their economical future survivor.
If they had activate segwit bitcoin will be much higher in price and bitcoin ecosystem will ha a huge innovation atm.  And innovation means money to everyone especially startups and miners. They will be even in e much better position for a hard fork future proposal.
But what choose this "brilliant" mind? to stall bitcoin and risk a not consensus fork that will create an economical disaster to the whole bitcoin ecosystem.
Especially Bitmain will hit hard from this economical collapse because is one of the Bitcoin mining startups that are heavily exposed to bitcoin ecosystem. They have invest huge amount of money to bitcoin startups and of course to btc mining.

All i want is a decentralized exchange where I can move btc into other liquid assets like gold, fiat etc
 I dont even mind if they are just a token that refects the underlying value as long as they are safe and sufficiently liquid volume enough to easily move in and out of them. I want to do all this without touching banks or gov.


Anything like this exist or is planned?

Am I asking too much?

Can we please stop with the "I was in Bitcoin before you and therefore I'm an expert in scaling Bitcoin" & "Satoshis vision"?
These are not arguments!

Please describe how Jihancoin is decentralized? It will be mined by one company only.

What is funny about this to me is that the whole premise of Bitcoin is to have a low-cost, decentralized currency.  However:

1. It isn't low-cost (a $1 transaction costs $4 with the transaction fee (at a minimum))
2. It isn't decentralized (1 organization has a massive influence).  This announcement has caused a swing of $400 USD in the currency value TODAY!

I say bring BIP148 and give the valuable coin back to the ordinary miners that don't have massive warehouses of efficient miners with free energy in China?  Would that actually happen (I legitimately don't know to make a judgement)?

That's perfectly possible, but that's a proof of stake consensus chain, not a proof of work consensus chain.

My personal opinion is that bitcoin's scaling problems will be solved once the "bitcoin" brand has eroded away his first mover value, which seems to come quicker than I thought.  Most probably, by August or November, this will already be the case.  Once the unicity of bitcoin's brand name is not the main stake any more, forking will not be hampered by "but we should get the bitcoin brand name with our chain", and one will be able to fork without fear.
That's just my personal intuition at this point.

Long term holder and lurker here. Been in BTC since 2011 and I have been following the scaling debate closely for the past year.
...

this agreement is joke from community . This reminds me LTC round table when 12 miners called themselves all users.
I have never been fo staing at 1MB forever but this binding segwit to HF in 6 months is joke.
HF to just increase to 2MB is weak. With HF you can add some good features to protocol why rush so much.
I don't want BTC hijacked by miners and their GREED...
this agreement is joke from 90% users running core client that are my 2 cents

While it generally looked like the split was inevitable, even I wasn't expecting quite this level of brinkmanship from both sides, heh.  My only suggestion to everyone would be not to let the big personalities set the narrative and tell you how to react.  Don't take anything at face value, regardless of who said it, because everyone has their own agenda.  Consider all the pros and cons, do your own research and make up your own damn minds.  And most important of all, don't do anything rash or hasty without thinking it through.  It might all seem like a massive drama, but calm heads usually prevail. 



I can see why it might seem like a good idea, but there if a potential to lose out doing it that way.  Hodling in the event of a split means you get coins on both chains.  Selling before the split means you have to buy back after the split and choose very carefully which chain you think has the best chance of survival.  And if you take too long deciding, the fiat price may well recover to a level above the point that you panic sold.  

This has been ongoing since 2010 pretty much and you shouldn't be surprised that it's still an issue. There will always be power struggles and user dissatisfaction. Everyone wants it to be all things to them while other groups want it to be all things to them.

This is actually great news for Bitcoin holders (seriously). People are dumping for dumb reasons (is it news to anyone that there is a contentious scaling debate)? Meanwhile, the major obstacle to scaling is declaring that they are going off and creating their own altcoin, and in doing so signaling that BIP148 must have greater strength than generally realized, which means it is likely to succeed now.

In short: Bitcoin price is down at precisely the time when we can see some light at the end of the tunnel.

Low. I think personally that cryptocurrencies wont make FIAT useless, but I think that cryptocurrencies will work hand-in-hand with FIAT money. Especially in countries like the United States, and the other first-world countries; I don't see FIAT going anywhere soon.