BU rapidly gaining mining support. When we reached 51% a HF is very likely. We learned from the Ethereum disaster (ETH/ETC split) that a drop by 50-70% is possible. I dont expect a long bear markets afterwards like with ETH though, since the scaling issue will finally be solved one way or the other for the first time ever and there is nothing else to prevent return to main trend. Therefore wait it out in Fiat, probably make some gains by shorting it. Dont miss the right moment for reenter - might be smarter to wait a bit longer and see which chains gains the maximum hash power.
Comments
tourist
⋅
Agreed, once this HF issue is resolved I would expect an extreme spike to the upside.
51% of nodes required (correct?) - a long way to go
mikenz
⋅
@oaksacorn, as far as I know its about the mining hash power since everybody can set up 100s of nodes on a VM instantly. But mined BU blocks are 38% currently, rising (coin.dance/blocks). I think thats the background why all the big network players and exchanges are releasing statements on how to proceed in the event of a fork recently.
oaksacorn
⋅
@mikenz, yes. agreed on the nodes. Someone on Reddit kept saying nodes. I was like what?