Confidence Returning to Bitcoin? - page 5.

FlamingFingers

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Quote from: skorupi17 on July 18, 2017, 03:55:00 PM

How can we know if the SegWit is slowly being implemented or planned upon as based on what you've claimed OP? The current recovery does not justify anything at all. I believe that it is just a result of an opportunity given to some people to buy more Bitcoin at s lower price, hence the price went up and recovered a bit.

You might be right that this is just a bear trap. We are on a bear market so this is possible. Anything can happen upon the activation of Segwit. The end result will decide whether the price will soar up or dramatically crash.

The market gained confidence because miners have finally woken up and done the right thing they were supposed to by supporting/signaling for BIP91 (avoiding the chances of a chain-split, and eliminating the FUD). BIP91 reduces the chances of chain-split dramatically, achieving the consensus of implementing SegWit with only 80% of mining hash. currently, 75% are signaling BIP91, and 15 blocks are mined signaling it. It needs only 269 blocks mined in the upcoming 336 blocks, before activating.

You can check it here: https://coin.dance/blocks
Also read this to get a comprehensive understanding about BIP91: http://www.coindesk.com/coindesk-explainer-bitcoin-bip-91-implements-segwit-avoiding-split/

aso118

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I would say confidence is returning to Bitcoin when Bitcoin dominance in the cryptocurrency space crosses 80%.
We have seen a huge fall and it is still below 50%.

ChironRegera

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Quote from: shine1123 on July 18, 2017, 12:22:46 PM

Quote from: LeGaulois on July 18, 2017, 08:15:08 AM

Only the weak hands jumped to sell their coins immediatly. Others have taken the opportunity to buy cheaper and are already making profits. Remember last month? Exactly the same situation, and exactly the same panic and exactly the same come back.
#HODL

Sadly, i'm that one weak hands when seeing the price of bitcoin on that day. I sell all my bitcoins immediately when the price going down, because i'm afraid that the price of bitcoin will go more down. The price of bitcoin is really strange though, it can easily decrease and increase af.

Yup, an entire sell off is wild, it was obvious a lot were hedging with litecoin, prices on litecoin we're going up when BTC was dropping.

Litecoin and altcoins were dropping along with BTC over the weekend during the sell off.

Wesimon

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Quote from: cafucafucafu on July 18, 2017, 07:10:51 PM

Quote from: OROBTC on July 18, 2017, 07:35:48 AM

...

I have looked over several threads here at bitcointalk, and it looks like SegWit is slowly being implemented (or planned for, or whatever) AND the price just ticked to (about) $2300, some $450 (or more) off its recent lows.

This suggests to me that confidence is returning to Bitcoin.

But, this might be just a bear trap, especially if anything goes wrong around August 1.

Recently the price of bitcoin has been falling mostly due to the people who are believing in all the FUD that is spread around. People also are selling to add to the falling price and rebuying at a lower price later on. Now price is rising since all the FUD is gone and how bitcoin is growing.

There are still many people who believe in bitcoin. As long as there is someone who trust and is confident with bitcoin, it will continue to rise for sure. I agree also that some people are selling their bitcoin before it dump so that if the price of BTC become lower they will have funds to buy more bitcoin.

cafucafucafu

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Quote from: OROBTC on July 18, 2017, 07:35:48 AM

...

I have looked over several threads here at bitcointalk, and it looks like SegWit is slowly being implemented (or planned for, or whatever) AND the price just ticked to (about) $2300, some $450 (or more) off its recent lows.

This suggests to me that confidence is returning to Bitcoin.

But, this might be just a bear trap, especially if anything goes wrong around August 1.

Recently the price of bitcoin has been falling mostly due to the people who are believing in all the FUD that is spread around. People also are selling to add to the falling price and rebuying at a lower price later on. Now price is rising since all the FUD is gone and how Bitcoin is growing.

About the bear trap, I hope that's not true, since August might actually bring some good to Bitcoin and pump up the price a bit.

Quote from: casey.anthony195 on July 18, 2017, 06:39:25 PM

Bitcoin, like anything else, is subjected to market forces of demand and supply. It is natural for the price to fluctuate a bit, but the long-term trend is growing, so seasoned investors never lost confidence in Bitcoin in the first place.

Yeah, I agree, the prices do tend to fluctuate and that is expected from Bitcoin.

Velkro

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Quote from: OROBTC on July 18, 2017, 07:35:48 AM

This suggests to me that confidence is returning to Bitcoin.

It suggest nothing, its just market variation.
It can go either to $3000 again or dive to $1000. You can't guess if segwit will boost price or beign total failure.

avikz

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Quote from: OROBTC on July 18, 2017, 07:35:48 AM

...

I have looked over several threads here at bitcointalk, and it looks like SegWit is slowly being implemented (or planned for, or whatever) AND the price just ticked to (about) $2300, some $450 (or more) off its recent lows.

This suggests to me that confidence is returning to Bitcoin.

But, this might be just a bear trap, especially if anything goes wrong around August 1.

The main attraction of bitcoin is its dynamic pricing. That's the reason why traders like this coin so much. When the price gone down past 2000 USD, it triggers a global alarm and people started buying heavily. The result is pretty clear and the market cap also gone up to 39 billion from 33 billion day before yesterday.

6 billion USD increase in a day or two is a big thing and I am sure many people like me are positive towards the future of bitcoin. A little confusion is still there about August 1st but I think bitcoin price will touch new heights after complete segwit implementation and will become an unstoppable coin. So we still have time to buy more.

casey.anthony195

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Bitcoin, like anything else, is subjected to market forces of demand and supply. It is natural for the price to fluctuate a bit, but the long-term trend is growing, so seasoned investors never lost confidence in Bitcoin in the first place.

jorneyflair

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Quote from: OROBTC on July 18, 2017, 07:35:48 AM

...

I have looked over several threads here at bitcointalk, and it looks like SegWit is slowly being implemented (or planned for, or whatever) AND the price just ticked to (about) $2300, some $450 (or more) off its recent lows.

This suggests to me that confidence is returning to Bitcoin.

But, this might be just a bear trap, especially if anything goes wrong around August 1.

The recent drops of bitxoin where probably due to the pre segwit anticipation and also FUD. The threads on this forum alone with like the title 'segwit will kill bitcoin" are uncountable. But now due to random surveys, segwit seems to be rising. The prices are also stablising and returning to their former glory. People are starting to believe in bitcojn once again.

robelneo

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Yes it's indeed surprising many thought Bitcoin will drop back to $900 below because there's a lot of fud coming to the August 1 segwit but, Bitcoin has already been here and it always bounce back we hope it will stay this way going to August 1

malikusama

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Few people understand what you have stated here, mostly people are afraid of august 1 and some of them are selling their coins at low price. What we should do is to stay calm and hold our coins, soon the price will rise again after august 1.

Zionatin

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Return ? What do you mean return ? I never left. I watched the cowards for and bought their coin and flipped a profit.
The weak feed the strong. Have faith or don't collect Bitcoin . In the future it will be worth mutiples what it is now so selling is a bad idea.

richardsNY

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Quote from: shine1123 on July 18, 2017, 12:22:46 PM

Sadly, i'm that one weak hands when seeing the price of bitcoin on that day. I sell all my bitcoins immediately when the price going down, because i'm afraid that the price of bitcoin will go more down. The price of bitcoin is really strange though, it can easily decrease and increase af.

At the time you choose to invest in Bitcoin, you should understand and accept the risk that the volatility brings to the table. Obviously, you didn't accept the risk, and don't understand how this market works. May I know at what price you bought your coins, and at what price you panic sold them? One thing you must always keep in mind -- whatever short term fluctuations the market is going through, and whatever percentage the price decreases, it won't affect you in the long term. Everything that happens is purely short term. It's sad that people still don't see that.

maku

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Quote from: LFC_Bitcoin on July 18, 2017, 07:56:21 AM

Nobody with even half a brain panic sold, it's always noobs & retards who fall for all the FUD crap. Just HODL for another few years, bitcoin will do what it's done long term, throughout its existence - RISE

I think the same - considering bitcoin's history holding Bitcoin is probably the best option overall.
Recently I heard that some speculators voiced an opinion that bitcoin's price won't be rising forever and soon we will reach a limit of the price or even backwards trend will appear.
I think that selling portion of your BTC and cashing out part of your stash would not be that bad, after all, we don't want to wait forever to collect fruits of our labour.

skorupi17

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How can we know if the SegWit is slowly being implemented or planned upon as based on what you've claimed OP? The current recovery does not justify anything at all. I believe that it is just a result of an opportunity given to some people to buy more Bitcoin at s lower price, hence the price went up and recovered a bit.

You might be right that this is just a bear trap. We are on a bear market so this is possible. Anything can happen upon the activation of Segwit. The end result will decide whether the price will soar up or dramatically crash.

shine1123

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Quote from: LeGaulois on July 18, 2017, 08:15:08 AM

Only the weak hands jumped to sell their coins immediatly. Others have taken the opportunity to buy cheaper and are already making profits. Remember last month? Exactly the same situation, and exactly the same panic and exactly the same come back.
#HODL

Sadly, i'm that one weak hands when seeing the price of bitcoin on that day. I sell all my bitcoins immediately when the price going down, because i'm afraid that the price of bitcoin will go more down. The price of bitcoin is really strange though, it can easily decrease and increase af.

v0rtecxz

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I think now some are panicking and selling their bitcoin because to keep watch or for other things, but on the other hand bitcoin again shows what he has done for jangaka a long time, and I think many believe it regardless (segwit ×) Which Is not yet clear what will happen that day, if it will affect the bitcoin itself in terms of price or the other, but i will stick to my bitcoin and see it for future developments

care2yak

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I suppose confidence is returning after today's news that miners have begun running the Segwit2x software and China-based Bitmain announced in twitter that all their bitcoin mining pools will start running Segwit2x... But there's still anxiety over bitcoin's split so it's still too early too tell if confidence has in fact returned. Bitcoin's case is different from litecoin. There weren't any fears of a split in ltc so I suppose price surged. But I think it's still too early to tell that bitcoin will follow the same trend even after initiating segwit2x today.

Red-Apple

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here is a theory: confidence never went anywhere
it was with bitcoin and very strong all this time. newbies acting irrationally is a different story.

also i would like to remind everyone of Litecoin SegWit activation. miners started signalling for SegWit, price went higher (the insiders sold or prepared to short) then they started FUDing. F2Pool said we are changing our mind, some said the hashrate that came online was Bitmain and went against SegWit.
price dropped they made a lot of money.
Signalling went above 99% and SegWit was activated.
price went up and they again made a lot of money.

just saying don't get played again or at least try to make a lot of money like them.

Kersh768

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Quote from: batang_bitcoin on July 18, 2017, 08:12:47 AM

I can say that just be ready on whatever is about to happen. If the price rises then let's celebrate as today it's still quite early to do so. And if the price falls then just let's do the job of being an advantage taker as a trader, just buy if it becomes bearish again. So there's no loss if you are a very optimistic person when it comes to bitcoin market.

I agree with the idea. Dumps and pumps are normal. It is a part of Bitcoin's unsteady nature. The price of Bitcoin decreases ,then after a couple of days or months, it is again, increasing. It happens a lot. Simply as, if there's an inflation, it'll be in favor for us and if deflation happens, we just need to wait for it to increase again.

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