Does the current ATH price reflect Segwit?

PokerFace3

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Quote from: buwaytress on August 06, 2017, 06:09:54 AM

I definitely think that Segwit is already priced in, and has been for some weeks. This ATH had less to do with that than the fork. Four more days at least before SW locks in - we may see yet another ATH, provided BTC maintains levels above $3k. Any dip below that and SW will probably only restore the levels of this weekend. It would be nice to be proven wrong!

As activation of segwit nears we can expect price of bitcoin to peak to another ATH also.
Traders will go for speculating always well in advance that is the reason we are experiencing big leap well in advance to segwit activation. I believe price will keep roaring and may hit $4000 levels too.

I do not find any possibilities of corrections in between time even any whales want to book profits, I believe there could be more number of new investors and investments to withstand against them.

Carlsen

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I suppose the real rally will start after segwit has kicked in.
Transaction will go faster and be much cheaper.
So lower amounts can be transfered again.
And I think that this openes the door for many people who simply can not afford the high fees we see sometimes at the moment.
The amounts they send in one transaction might be low, but all of them combined, I think we will face a huge increase of demand for bitcoins.

chopcoin.io

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Well I think the current price anticipates SegWit lock-in next Tuesday. However; it will take some time for SegWit to bring real value to Bitcoin and I expect the price to stagnate during the grace period and the first weeks after it is activated. But when we see the first big announcements (Lightning, atomic swaps, RSK, ...) the price will reflect this.

buwaytress

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I definitely think that Segwit is already priced in, and has been for some weeks. This ATH had less to do with that than the fork. Four more days at least before SW locks in - we may see yet another ATH, provided BTC maintains levels above $3k. Any dip below that and SW will probably only restore the levels of this weekend. It would be nice to be proven wrong!

Gotomoon

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Quote from: abayan on August 06, 2017, 02:25:03 AM

Quote from: very_452001 on August 05, 2017, 07:29:30 AM

Or do you think it will go higher?

Or lower when whales buy bitcoin cash at bottom out prices?

Bitcoin is different in Bitcoin cash ,Furthermore ,the bearish of bitcoins price is due to the segwit or the same as it is only a well planned event before to pullout bitcoins as a preparation of the upcoming new ATH of price . I don't think in bitcoins right now i know it will always continue to have a new ATH every months or year.

It could be due to the Segwit2X. that is a good compromise and the community likes it, hence the price increase.

abayan

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Quote from: very_452001 on August 05, 2017, 07:29:30 AM

Or do you think it will go higher?

Or lower when whales buy bitcoin cash at bottom out prices?

Bitcoin is different in Bitcoin cash ,Furthermore ,the bearish of bitcoins price is due to the segwit or the same as it is only a well planned event before to pullout bitcoins as a preparation of the upcoming new ATH of price . I don't think in bitcoins right now i know it will always continue to have a new ATH every months or year.

hangar18

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Quote from: Siren on August 05, 2017, 11:16:38 PM

Quote from: very_452001 on August 05, 2017, 06:27:40 PM

To summarise my understanding from the responses in this thread (please correct me if im wrong):

- people dumping bcc for btc which made bitcoin price into all time high
- FUD of Aug 1st hard fork is gone and confidence is back
- current high price does not reflect segwit being activated soon (within a week or 2)

If current price does not reflect segwit then that means we should see bitcoin price going to $4-5000 soon this month correct?

Most probably Yes, if Segwit will be activated in Aug 8 or Aug 9 depending on your time zone. I think the dumping of BCC has just started this week. People didn't suddenly jump on dumping it but just waited until the dust has settled. So we may see another run of dumping coming days that will push further the price to $3500 then if Segwit gets activated we can see $4000-$5000 down the line. IMHO.

Maybe you have some mistaken about the time activated SegWit, in August 10th Bitcoin network will lock-in BIP148 and beginning active SegWit until November 15th, it will complete and can running.

Siren

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Quote from: very_452001 on August 05, 2017, 06:27:40 PM

To summarise my understanding from the responses in this thread (please correct me if im wrong):

- people dumping bcc for btc which made bitcoin price into all time high
- FUD of Aug 1st hard fork is gone and confidence is back
- current high price does not reflect segwit being activated soon (within a week or 2)

If current price does not reflect segwit then that means we should see bitcoin price going to $4-5000 soon this month correct?

Most probably Yes, if Segwit will be activated in Aug 8 or Aug 9 depending on your time zone. I think the dumping of BCC has just started this week. People didn't suddenly jump on dumping it but just waited until the dust has settled. So we may see another run of dumping coming days that will push further the price to $3500 then if Segwit gets activated we can see $4000-$5000 down the line. IMHO.

pooya87

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this is just the FUD and uncertainty fading away. simple as that.
you see the adoption has grown a lot. it is actually ridiculous when you think about it. Japan's government legalizing bitcoin and announcing it as currency and then not stopping there and removing taxes on bitcoin was a big deal. it created a huge movement which was being mostly suppressed by the dumb scaling debate.
and now that it is nearly over, that effect is showing itself.
it is not just Japan by the way. there are other countries moving in the same direction.

very_452001

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To summarise my understanding from the responses in this thread (please correct me if im wrong):

- people dumping bcc for btc which made bitcoin price into all time high
- FUD of Aug 1st hard fork is gone and confidence is back
- current high price does not reflect segwit being activated soon (within a week or 2)

If current price does not reflect segwit then that means we should see bitcoin price going to $4-5000 soon this month correct?

very_452001

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Quote from: Minecache on August 05, 2017, 08:47:06 AM

Quote from: very_452001 on August 05, 2017, 07:29:30 AM

Or do you think it will go higher?

Or lower when whales buy bitcoin cash at bottom out prices?

Yes SegWit2x is currently being priced in by the market.

Current high price reflects Segwit2x? Hows that possible when we haven't reached near november yet and isnt Segwit2x classed as FUD which should result in lower prices?

carlisle1

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Quote from: makulo123 on August 05, 2017, 08:50:09 AM

Guys, just wait till November. This ATH is just a temporall reaction of market settling in after the "hard fork". We may see a bigger ATH in upcoming months before November. After that, we shouldn't get used to buy new bitcoins, cause the volatility will give a heart attack.

I'm gonna observed that mate but with this current moves I think even November will hard to say that the value will stop or will seen a correction again or even some big downfall if bitcoin reach new ath to the point of 3.5k$-4k$ I personally think that it will make much bigger move before end of this year since its been a practice for more than a year now.

kwukduck

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Current price reflects stupidity.
Once BCC gets the difficulty adjustment miners will point their rigs to BCC chain and leave Bitcoin for bigger profits on the BCC chain.
Resulting in a crippled Bitcoin network, likely leaving it in a completely dysfunctional state.
*aaaaaand it's gone*

dothebeats

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SegWit wasn't the main driver as to the recent ATH but more of the fork concluding to a more likeable scenario. Aside from that, money was made out of thin air, so most probably these profits are now pouring for bitcoin which is great since these serve as the fuel for more price increase.

User365

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Quote from: ViceOfBTC21 on August 05, 2017, 08:38:45 AM

Quote from: BitcoinGirl.Club on August 05, 2017, 08:36:36 AM

Probably not exclusively segwit influence but i think the split and the whole Bitcoin cash gifting has allowed people to reinvest their money back into bitcoin

pumping it to its all time high and imo i can see this not stopping now...

Bitcoin Cash is just 1:1 Bitcoin clone with 8 MB blocks instead of 1 MB. Segwit is about unnecessary complicating Bitcoin protocol so less people will use it because of lack of understance. We need to stop evil SegWit but unfortunately SegWit side will probably win.

Why do you think segwit is bad, but a hardfork proposed by big mining companies and whales is better ?

Furthermore the 8MB harm the decentralisation. One could argue that you can still afford nodes with Blocksize of 8MB, but what will 8 MB bring us ? Better tx for one year and then increase the blocksize again because of more adoption? And then voila nobody can afford a node except companies and whales (same that proposed Bitcoin Cash Wink

)!

OmegaStarScream

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The way I see it, is that It has nothing to do with SegWit and everything to do with BitcoinCash. The price should continue to increase as long as exchanges are allowing deposits and while that's happening, BCH will continue to crash, they are not going anywhere If you ask me.

~Bitcoin~

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Quote from: very_452001 on August 05, 2017, 07:29:30 AM

Or do you think it will go higher?

Or lower when whales buy bitcoin cash at bottom out prices?

I doubt that whales will be interested in buying that shit cash anytime soon, bitcoincash chain is still struggling to survive. talking about bitcoin I think price will increase exponentially till the actually date of segwit activation because of high speculation and it might drop just after the segwit activation. But I don't think that drop/correction will be big enough to panic about.

makulo123

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Guys, just wait till November. This ATH is just a temporall reaction of market settling in after the "hard fork". We may see a bigger ATH in upcoming months before November. After that, we shouldn't get used to buy new bitcoins, cause the volatility will give a heart attack.

Minecache

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Quote from: very_452001 on August 05, 2017, 07:29:30 AM

Or do you think it will go higher?

Or lower when whales buy bitcoin cash at bottom out prices?

Yes SegWit2x is currently being priced in by the market.

ekoice

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Yes,definitely.Price should have reached this stage much before itself.But due to FUDs and news about hard fork and BTC price would crash and BCC would take the place of BTC,all these happenings delayed the price rise of bitcoin but could not stop Bitcoin's price rise.Just the price rise has begun and more hike is yet to come in the following days.I hope that bitcoin could cross $4000 soon.

ViceOfBTC21

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Quote from: BitcoinGirl.Club on August 05, 2017, 08:36:36 AM

Probably not exclusively segwit influence but i think the split and the whole Bitcoin cash gifting has allowed people to reinvest their money back into bitcoin

pumping it to its all time high and imo i can see this not stopping now...

Bitcoin Cash is just 1:1 Bitcoin clone with 8 MB blocks instead of 1 MB. Segwit is about unnecessary complicating Bitcoin protocol so less people will use it because of lack of understance. We need to stop evil SegWit but unfortunately SegWit side will probably win.

BitcoinGirl.Club

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Probably not exclusively segwit influence but i think the split and the whole Bitcoin cash gifting has allowed people to reinvest their money back into bitcoin

pumping it to its all time high and imo i can see this not stopping now...

cointabo

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I expect the price to bull more in regards to Segwit. Expecting to see $4k, $5k prices really soon.

LFC_Bitcoin

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I think there is a large sense of relief surrounding bitcoin & the much feared fork. Everything seems fine & sate to buy in again so maybe that's why people are buying en masse.

FlightyPouch

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Quote from: very_452001 on August 05, 2017, 07:29:30 AM

Or do you think it will go higher?

Or lower when whales buy bitcoin cash at bottom out prices?

Even if whales buy Bitcoin Cash, I don't think it will affect the price of Bitcoin. Many users are expecting Bitcoin to develop in time and this is just Bitcoin's first step. In November there will be another debate and then again another panic will happen because there might be a fork that might happen.

I think now people are just enjoying the aftermath of the panic and I know before Novermber, it will be having an ATH higher than $3000.

very_452001

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Or do you think it will go higher?

Or lower when whales buy bitcoin cash at bottom out prices?

Topic: Does the current ATH price reflect Segwit? (Read 1061 times)