I somewhat agree that "we are here again", except that I still think "we are on the way here, just not quite yet". Once BTC drops below $2,000, then I'll firmly believe we are "there". Trade volume is still thin, I think a lot of traders were caught out this week and will not be ready to re-enter until they can see the outcome post Aug.
Neverthelses, whatever negative outcome that might happen post August seems to be slowly pricing in already and I fully expect only a matter of weeks to readjust to pre-Aug price.
Topic: My bitcoin speculation for August... Only rise is possible... - page 2. (Read 1706 times)
If use Elliot Wave in mid term, I can see we are in wave B and bearish trend still continue, at now just bullish trap if have and the price can falldown to $1200 is possible. Maybe in August 1st, not have breakout and big breakdown can replace it 
Is it possible that we see similar thing as in 2013/2014? When price reached ATH it went down slowly for almost 2 years.
After BIP141 Bitcoin will be improved but still this isn't what people see. IMO we won't see big increase in demand after fork. But price should raise slowly in long term.
After BIP141 Bitcoin will be improved but still this isn't what people see. IMO we won't see big increase in demand after fork. But price should raise slowly in long term.
lets wait and see,it is impossible to predict what happens after August 1
the best thing to do is make sure you are in control of your coin,have private keys and not keeping them somewhere online on an exchange
if things go as planned,provided we do not drop under 1500-1600$ we could see the dominant fork gain momentum and the price go up 3k and higher
the best thing to do is make sure you are in control of your coin,have private keys and not keeping them somewhere online on an exchange
if things go as planned,provided we do not drop under 1500-1600$ we could see the dominant fork gain momentum and the price go up 3k and higher
if price can keep up being above $2000 until August 1 or at least until things become clearer about who supports what for real as we get closer to that date, i can see a big rise happening.
we all know that this dip is because of the fear of August 1st and the possibility of a chain split because of the deadline that BIP148 has set.
while many believe that BIP148 is going to fail, i say although it will fail but it is not a failure. the best result of it was the SegWit2x which currently has 91% of the miners support. whereas BIP141 (SegWit) has 46% support.
now the speculation.
i say we are going to have SegWit activated on August 1st by SegWit2x (which needs only 80% support and now has 91% support) and that will lead to a big price recovery and another bull run.
we saw the same thing about activation of SegWit on litecoin. they delayed the activation as much as possible, also caused a big dip after LTC's big rise and then it was activated with nearly 100% support and price jumped another time.
this following chart is happening all over again. this is the same fear. the fear of a hard fork and a split. the difference is that the picture below was because of BU split and now it is the SegWit split. and both of them are because of drama and had a very small chance of coming to reality.
i will expect $3000 be broken if things go as planned. buy the dips then
but it will probably only last about 4-5 months until the second deadline which will be 6 months after activation of SegWit (in 2018). and we may see another one of these.
now by that time either SegWit has lived up to the promise (and it is good enough time to see) and they give up on the 2MB hard fork or we will see the drama all over again over hard forking to a 2 MB base block size.
while many believe that BIP148 is going to fail, i say although it will fail but it is not a failure. the best result of it was the SegWit2x which currently has 91% of the miners support. whereas BIP141 (SegWit) has 46% support.
now the speculation.
i say we are going to have SegWit activated on August 1st by SegWit2x (which needs only 80% support and now has 91% support) and that will lead to a big price recovery and another bull run.
we saw the same thing about activation of SegWit on litecoin. they delayed the activation as much as possible, also caused a big dip after LTC's big rise and then it was activated with nearly 100% support and price jumped another time.
this following chart is happening all over again. this is the same fear. the fear of a hard fork and a split. the difference is that the picture below was because of BU split and now it is the SegWit split. and both of them are because of drama and had a very small chance of coming to reality.
i will expect $3000 be broken if things go as planned. buy the dips then
but it will probably only last about 4-5 months until the second deadline which will be 6 months after activation of SegWit (in 2018). and we may see another one of these.
now by that time either SegWit has lived up to the promise (and it is good enough time to see) and they give up on the 2MB hard fork or we will see the drama all over again over hard forking to a 2 MB base block size.
How about 'buy on rumours sell on news '?
From my perspective when the news came up everything will be dump,just like before and other project(altcoin project).it happened because you can see fudster and shiller in action when the news came up,it's like a fudster and shiller are an organization created by a rich and smart people to make an issue regarding future development.
And many newbies will fall from their tricks,for example an issue for future development when gavin out from the team ? You can see fudster and shiller everywhere with their logical explanation.
In my opinion,bitcoin will rise in the future even we get dump hard this time (which is i hope we dont need to see it right now)
we all know that this dip is because of the fear of August 1st and the possibility of a chain split because of the deadline that BIP148 has set.
while many believe that BIP148 is going to fail, i say although it will fail but it is not a failure. the best result of it was the SegWit2x which currently has 91% of the miners support. whereas BIP141 (SegWit) has 46% support.
now the speculation.
i say we are going to have SegWit activated on August 1st by SegWit2x (which needs only 80% support and now has 91% support) and that will lead to a big price recovery and another bull run.
we saw the same thing about activation of SegWit on litecoin. they delayed the activation as much as possible, also caused a big dip after LTC's big rise and then it was activated with nearly 100% support and price jumped another time.
this following chart is happening all over again. this is the same fear. the fear of a hard fork and a split. the difference is that the picture below was because of BU split and now it is the SegWit split. and both of them are because of drama and had a very small chance of coming to reality.
i will expect $3000 be broken if things go as planned. buy the dips then
but it will probably only last about 4-5 months until the second deadline which will be 6 months after activation of SegWit (in 2018). and we may see another one of these.
now by that time either SegWit has lived up to the promise (and it is good enough time to see) and they give up on the 2MB hard fork or we will see the drama all over again over hard forking to a 2 MB base block size.
while many believe that BIP148 is going to fail, i say although it will fail but it is not a failure. the best result of it was the SegWit2x which currently has 91% of the miners support. whereas BIP141 (SegWit) has 46% support.
now the speculation.
i say we are going to have SegWit activated on August 1st by SegWit2x (which needs only 80% support and now has 91% support) and that will lead to a big price recovery and another bull run.
we saw the same thing about activation of SegWit on litecoin. they delayed the activation as much as possible, also caused a big dip after LTC's big rise and then it was activated with nearly 100% support and price jumped another time.
this following chart is happening all over again. this is the same fear. the fear of a hard fork and a split. the difference is that the picture below was because of BU split and now it is the SegWit split. and both of them are because of drama and had a very small chance of coming to reality.
i will expect $3000 be broken if things go as planned. buy the dips then
but it will probably only last about 4-5 months until the second deadline which will be 6 months after activation of SegWit (in 2018). and we may see another one of these.
now by that time either SegWit has lived up to the promise (and it is good enough time to see) and they give up on the 2MB hard fork or we will see the drama all over again over hard forking to a 2 MB base block size.
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