>hard fork and all insecurities coming up
>still people are buying BTC like a motherfucker
What the hell is this?
It's the opposite of what should've happened.
no one thinks hard fork
SEGWIT will be locked in before the end of today, August 1st was the latest possible date not the earliest.
>>2852434
no split, only moon
anyone who doesnt go segwit will fork, but that could happen anytime anyways (you just need to change your rules, then bam, the network denies your blocks and you're a fork). The point is that ~99% of the hashing power will go segwit so whatever forks exists will wither and die quickly.
>>2852876
If Segwit locked today, does this mean, that there is no coming fork later of this year?
>>2852876
If segwit locked, does this mean Bitcoin mooning after that?
>>2852920
no goy it means sell before segwit is locked in or you will be posting pink wojaks
>>2852920
i dont see why it would moon as a result of it becoming official. news events in trading involve trying to buy as early as possible ahead of everyone and ahead of the official outcome for the latecomers who waited ("buy the rumor, sell the news"). when it's like a 99% likelihood at this point, there's little chance something's going to go wrong at the last second, so everybody's already piled it, waiting for the top to sell off for maximum profit.
to look at it the other way is like...for people who were planning to put large amounts of money into bitcoin, why wait until after segwit is made official, at a price $900+ higher, just to get that extra 1% of confidence? if segwit being locked in was more like a coin toss with a 50% chance, determined based on one event, people wouldn't be nearly as confident and they'd be waiting on the sidelines, and the declaration of yes vs. no would be choatic, like what happened the day the Winklevoss twins got their SEC response about the bitcoin etf. that was nuts, everybody was on the edge of their seats because nobody really had any idea what was going to happen, and the price went absolutely crazy in the hours leading up to the decision, then dropped off a cliff mere seconds after it was announced, then recovered a ton in the following day or so.
>>2852434
If it seems certain an instrument should definetly rise or fall, it will almost certainly do the opposite of what it's meant to do as the rise or fall is already priced in.
>Brexit. Widely expected gbp/usd to rise, fell from 1.48 to 1.28
>Bank of England interest rate in August- widely expected to rise, gbp/usd fell 7%
October, gold expected to rise with uncertainty of trump win- rose 2%- proceeded to fall 7% within an hour.
This happens in almost every big event.
If something is certain, it's priced in and you will make small gains if it works out.
If something is certain and you do the opppsite. You oftentimes have a large chance to make (very) large gains.
Short bitcoin.