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RE: BitShares is Going to Dominate Crypto in 2018 - Here's Why!

in #bitshares • 7 years ago

The prices of all the altcoins are currently falling, probably due to the upcoming August segwit2x user activated soft fork. Many people are pulling out their money.

7 years ago in #bitshares by
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     7 years ago 

    Thank you for your answer.
    I agree with you about BitShares and hoping after some up and down it will get a bigger share of the market.

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       7 years ago 

      Hey there Dutch,
      Can you please help me out in understanding the segwit2x better :)?
      I read a post in bitcoin-magazine or something like that about this and that bitcoin would be implementing this in august and therefore the price would drop.
      What I'm trying to understand is: does this only effect Bitcoin or does it effect altcoins as well? - I'm still trying to wrap my brain around block-chain technology so I'm having a hard time with this :s.

      For example, I bought some Litecoin(LTC), Golem(GNT), Ripple(XRP) and Digibyte.

      • Are these also activating the soft fork? Am I likely to loose any of my coins? Can I prevent it?
      • If these coins are not activating the soft fork, do you know which ones? Should I stay away from said coins?

      Anything, anyone, please help and advise me. You and your help/advice will be so much appreciated !!!

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         7 years ago 

        segwit2x is update for bitcon
        so your other coins wount be affected.

        simply explanation: segwit2x update meant to increase the number of transaction that bitcoin can make.

        the fear is that segwit2x upgrade will cause many problems(to miners and ex.) that will lead to price drop.

        hope you got it :)
        (rate me plz :) )