As some above have already written the decision of some miners to support segwit2x. You will see that the price is proportionate to BIP91 adoption.
Not just miners to support segwit2x we are also because this is huge role. In which bitcoin will be boost. Change the life of those people who are having bitcoins in there desktop wallets. Because it will go directly to $3000 after 1 August. So it is not just about miners support it is about those people support who completely know about bitcoin knowledge.
Topic: Recent Bitcoin pump (Read 1941 times)
As some above have already written the decision of some miners to support segwit2x. You will see that the price is proportionate to BIP91 adoption.
Not just miners to support segwit2x we are also because this is huge role. In which bitcoin will be boost. Change the life of those people who are having bitcoins in there desktop wallets. Because it will go directly to $3000 after 1 August. So it is not just about miners support it is about those people support who completely know about bitcoin knowledge. 
Right now we see a 10% pump of Bitcoin, anyone could explain me the reason? Isn't it going to dump this weekend?
Isn't it obvious? Where have you been for the last 3-4 months?
We are about to get segwit and this is the first time that we came so close. If we activate segwit, scaling debates will end for another 2-3 years. That's the reason.
At a minimum we *should* be OK until Nov/Dec when ChinaCoin/Ver/etc. might try to fork BTC again. Still, I do not see their logic, they split BTC, everyone loses, everyone loses BIG, including them.
That also assumes SegWit implements OK and there a re no serious bugs.
Still, BTC just crossed $2500, up $150 since I woke up (visiting Europe). Confidence is returning IMO.
Anyway didn't BBC just featured BTC on their main page and that might be part of the reason of the pump?
I gather you are new here.
Right now we see a 10% pump of Bitcoin, anyone could explain me the reason? Isn't it going to dump this weekend?
Isn't it obvious? Where have you been for the last 3-4 months?
We are about to get segwit and this is the first time that we came so close. If we activate segwit, scaling debates will end for another 2-3 years. That's the reason.
At a minimum we *should* be OK until Nov/Dec when ChinaCoin/Ver/etc. might try to fork BTC again. Still, I do not see their logic, they split BTC, everyone loses, everyone loses BIG, including them.
That also assumes SegWit implements OK and there a re no serious bugs.
Still, BTC just crossed $2500, up $150 since I woke up (visiting Europe). Confidence is returning IMO.
Anyway didn't BBC just featured BTC on their main page and that might be part of the reason of the pump?
Updated 19:20 GMT
#BIP91 blocks required: 26
#Blocks until period end: 41
Period ends in 5h 25m
BIP91 confirmed lock-in in 3h 57m
i think that this explains the pump. expect a bit dump sometime soon so everything is back to normal.
#BIP91 blocks required: 26
#Blocks until period end: 41
Period ends in 5h 25m
BIP91 confirmed lock-in in 3h 57m
i think that this explains the pump. expect a bit dump sometime soon so everything is back to normal.
Right now we see a 10% pump of Bitcoin, anyone could explain me the reason? Isn't it going to dump this weekend?
We could see fluctuations all the way up to Aug 1. Right now people are probably trying to get a good price for bitcoins so the price is rising. We'll probably see another drop before Aug 1 if there is a sell off.
Right now we see a 10% pump of Bitcoin, anyone could explain me the reason? Isn't it going to dump this weekend?
Do you have any evidence this is a pump? The price hovered around around the current price for weeks on end before the dip. Could this be an upward correction instead? You could be right, but nobody here can tell exactly what it is. There are too many players and factors in this game. Frankly I don't care about the reason, and there usually isn't a good one anyway. Wish I had bought more when we were at $1900, I'll say that though. More people are buying than selling--that's always the best explanation for a huge rise. Confidence is coming back, that's good enough.
The dump and the pump now seems to all be about segwit and usaf. Anyway bitcoin always seems to fix itself out of its problems and the long term trend is always clear, its an upwards one.
As some above have already written the decision of some miners to support segwit2x. You will see that the price is proportionate to BIP91 adoption.
Frankly I don't care about the reason, and there usually isn't a good one anyway. Wish I had bought more when we were at $1900, I'll say that though. More people are buying than selling--that's always the best explanation for a huge rise. Confidence is coming back, that's good enough.
Right now we see a 10% pump of Bitcoin, anyone could explain me the reason? Isn't it going to dump this weekend?
Do you remember bitcoin prices and other altcoins crashed 3-4 days ago? That helped whales to exploit middle-class's assets. Whales got more wealth by exploting us and they bought cheap coins during panic.
Right now we see a 10% pump of Bitcoin, anyone could explain me the reason? Isn't it going to dump this weekend?
There's a lot of things that are influencing the value, such as the fork coming up in just a week and some days, which has been getting the required amount of signaling and is looking like it will be the fork being used, so that's pumping the value since there is now more confidence in the abilities of the mining community to do things that benefit the community as a whole. Fees should go down, there should be a smaller queue for transactions, it's good all around and people are happy.True , fork will crash the bitcoin for Sure and there will chance Segwit handle that issue it is all about 12 hour game
by August 1st or July last lilke 27 - 28 issue might be hit then next 12 hour of fork we will find out the Value of BTC or BTU
I ask this question for the 55th time. WHAT FORK? Why do you post about stuff you obviously know shit about. What fork? Segwit2x support is currently just under 90% and once it gets locked in the rest of the blocks will be orphaned, receiving no fees so they ll all line up and go after SegWit2x.
What fork?
I seriously think that people are spamming this fork fud becasue they want to crash the price.
Right now we see a 10% pump of Bitcoin, anyone could explain me the reason? Isn't it going to dump this weekend?
BIP91, which is what will activate Segwit is over 80% of miner support in the current lock-in period and the price is increasing due to extreme confidence that finally a problem that has long plagued Bitcoin will be solved.You can see the lock-in period chart here: https://www.xbt.eu/
Last week whales had caused panic since there werent a position from the miners from which road we would go, todays we are almost activating the bip 91 that will activate segwit soo this is the big reason the market is already reacting to those, since the most people wanted this to happen.
Right now we see a 10% pump of Bitcoin, anyone could explain me the reason? Isn't it going to dump this weekend?
I wanna ask the same question. I can see Bitcoin is pumping now. But few day ago it was dump so low. So, Why Bitcoin pump again. what is the reason behind it?
Right now we see a 10% pump of Bitcoin, anyone could explain me the reason? Isn't it going to dump this weekend?
This needs explaining? Really?This might be an ultimate bull trap
In other words, a mother of all bull traps. If tomorrow major mining pools (such as ViaBTC and Antpool) decide to revoke their signaling, we will likely see the biggest Bitcoin crash since the beginning of times both in terms of speed and value. So let's not get overly optimistic now before we actually get the lock-in. As it often happens with other markets (and I guess Bitcoin market is no exception here), such irrational exuberance, unjustified optimism, and elevated sentiment may in fact mean bad things right behind the corner. Let's hold back the euphoria and excitement at least till tomorrow
Right now we see a 10% pump of Bitcoin, anyone could explain me the reason? Isn't it going to dump this weekend?
We will never know the exact reason behind any pump or dump in bitcoin price because lots of factor can act at the same time to make any market move. The recent pump can be considered as quick recovery from correction and panic period. im not buying either at the moment
i am sitting on the fence and waiting for all this come and go
if there are opportunities to be had hopefully I can jump into it.
for me it all a bit uncertain at the moment
The situation has not been more certain. i am sitting on the fence and waiting for all this come and go
if there are opportunities to be had hopefully I can jump into it.
for me it all a bit uncertain at the moment
True, it hasn't been for quite some time already. I am not buying also and just wait until all of this passes by. I can't even bare to look at some trading sites and it's all because of this August 1 event.
Right now we see a 10% pump of Bitcoin, anyone could explain me the reason? Isn't it going to dump this weekend?
There's a lot of things that are influencing the value, such as the fork coming up in just a week and some days, which has been getting the required amount of signaling and is looking like it will be the fork being used, so that's pumping the value since there is now more confidence in the abilities of the mining community to do things that benefit the community as a whole. Fees should go down, there should be a smaller queue for transactions, it's good all around and people are happy.True , fork will crash the bitcoin for Sure and there will chance Segwit handle that issue it is all about 12 hour game
by August 1st or July last lilke 27 - 28 issue might be hit then next 12 hour of fork we will find out the Value of BTC or BTU
I ask this question for the 55th time. WHAT FORK? Why do you post about stuff you obviously know shit about. What fork? Segwit2x support is currently just under 90% and once it gets locked in the rest of the blocks will be orphaned, receiving no fees so they ll all line up and go after SegWit2x.
What fork?
Right now we see a 10% pump of Bitcoin, anyone could explain me the reason? Isn't it going to dump this weekend?
There's a lot of things that are influencing the value, such as the fork coming up in just a week and some days, which has been getting the required amount of signaling and is looking like it will be the fork being used, so that's pumping the value since there is now more confidence in the abilities of the mining community to do things that benefit the community as a whole. Fees should go down, there should be a smaller queue for transactions, it's good all around and people are happy.True , fork will crash the bitcoin for Sure and there will chance Segwit handle that issue it is all about 12 hour game
by August 1st or July last lilke 27 - 28 issue might be hit then next 12 hour of fork we will find out the Value of BTC or BTU
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