Segwit is comming soon, only a matter of time we explode to 1000+ - page 2.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: Wind_FURY on September 30, 2016, 08:28:11 PM

Quote from: kwukduck on September 30, 2016, 09:57:57 AM

Unfortunately for bitcoin it comes way too late.
Companies, venture capital, banks are already switching to superior networks like eth and monero.
Bitcoin is slowly dying a quiet death. Every day there are less and less people buying bitcoin and more selling. Even worse, every day there are less and less transactions on the network.

Ethereum and Monero are superior? The last time I looked both cryptocurrencies also have problems with scalability especially with Ethereum's case. Ethereum dapps will be subject to some sort of runtime errors because the sheer number of transactions will not be handled by the network. There is also the bloating of the blockchain. Ethereum is already 18GB large in just a couple of years being online. It has not even reached high transactions per block yet. With Monero how can they surpass Bitcoin? They are lacking a GUI and infrastructure needed to gain more users. The acceptance in the DNM is overrated and it is hype.

kwukduck's comments were fun for a while but it bores me to even want to justify them with a reply. i think almost every single member of this forum who has ever visited the speculation board knows him and his cries for the drop to $100 starting a very long time ago.

reddibrek

member

Activity: 101

Merit: 10

Nothing worth having comes easy

Need more space...

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: kwukduck on September 30, 2016, 09:57:57 AM

Unfortunately for bitcoin it comes way too late.
Companies, venture capital, banks are already switching to superior networks like eth and monero.
Bitcoin is slowly dying a quiet death. Every day there are less and less people buying bitcoin and more selling. Even worse, every day there are less and less transactions on the network.

You never seem to be able to at least show some compassion for Bitcoin, right? It's only hate and negativity coming from you.

SegWit is the kind of update people here have been waiting for, and when activated, it can bring Bitcoin to the next level.

But no, you are still being the ultra bear that you always have been.

And if you really believe more in ETH and XMR, then why are you still in the Bitcoin part of this forum?

mindrust

legendary

Activity: 3276

Merit: 2442

1000+ won't cut it, we need 10.000+. We already seen 1000+ it is no big deal, heck we are already at 600+ very close to 1000. If we get to 10k bitcoin will be everywhere all over again.

safari88

legendary

Activity: 1960

Merit: 1026

of course eventually the price will reach $1000 and it certainly takes time. but we never know when it happens. even the end of the year 2016 or 2017 still doubt that prices could touch $1000. In addition Segwit even, bitkingdom predicts the price will reach $2000 soon and I hope all the predictions it would soon happen.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: Wind_FURY on September 30, 2016, 08:28:11 PM

Quote from: kwukduck on September 30, 2016, 09:57:57 AM

Unfortunately for bitcoin it comes way too late.
Companies, venture capital, banks are already switching to superior networks like eth and monero.
Bitcoin is slowly dying a quiet death. Every day there are less and less people buying bitcoin and more selling. Even worse, every day there are less and less transactions on the network.

Ethereum and Monero are superior? The last time I looked both cryptocurrencies also have problems with scalability especially with Ethereum's case. Ethereum dapps will be subject to some sort of runtime errors because the sheer number of transactions will not be handled by the network. There is also the bloating of the blockchain. Ethereum is already 18GB large in just a couple of years being online. It has not even reached high transactions per block yet. With Monero how can they surpass Bitcoin? They are lacking a GUI and infrastructure needed to gain more users. The acceptance in the DNM is overrated and it is hype.

Ethereum has a ton of problems, it would need a ton of work to fix them. I'm not sure it's superior to some shitcoins ...
Monero is good and developing. But really? Banks and monero? Meaning to team up something that is about centralization, control and getting all the customer data they can with something that's about anonymity and freedom? The banks that have to comply the anti-money laundering laws and Monero where you don't know where the money came from? This would be one of the best jokes in history.

talks_cheep

legendary

Activity: 1036

Merit: 1000

Segwit is coming for the dimwit,
Dimwit is waiting for the segwit,
What a tangled web we live in.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: kwukduck on September 30, 2016, 09:57:57 AM

Unfortunately for bitcoin it comes way too late.
Companies, venture capital, banks are already switching to superior networks like eth and monero.
Bitcoin is slowly dying a quiet death. Every day there are less and less people buying bitcoin and more selling. Even worse, every day there are less and less transactions on the network.

Ethereum and Monero are superior? The last time I looked both cryptocurrencies also have problems with scalability especially with Ethereum's case. Ethereum dapps will be subject to some sort of runtime errors because the sheer number of transactions will not be handled by the network. There is also the bloating of the blockchain. Ethereum is already 18GB large in just a couple of years being online. It has not even reached high transactions per block yet. With Monero how can they surpass Bitcoin? They are lacking a GUI and infrastructure needed to gain more users. The acceptance in the DNM is overrated and it is hype.

kwukduck

legendary

Activity: 1937

Merit: 1001

Unfortunately for bitcoin it comes way too late.
Companies, venture capital, banks are already switching to superior networks like eth and monero.
Bitcoin is slowly dying a quiet death. Every day there are less and less people buying bitcoin and more selling. Even worse, every day there are less and less transactions on the network.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: NeuroticFish on September 30, 2016, 02:34:17 AM

Quote from: Wind_FURY on September 29, 2016, 10:15:10 PM

Well there was some news that the "explosion" to $1000+ was caused by a bot that was artificially pushing the price up and above $1000+. I believe it will take the same kind of manipulation for Bitcoin to go above that price in a span of maybe 1 or 2 months. So everytime I see and read threads like these I just roll my eyes and consider it as hype or the poster only trying to hype. There is no crime in that but it is over done to the point that it does not make the people hopeful anymore. I prefer to hear the truth.

Market can react genuinely too, without bots. An explosion to 1000+ is possible if Bitcoin proves itself healthy and worthy. It's scarce enough to almost consider it under valuated.
However possible, the chance for such explosion is slim.

Segwit looks like a good step forward to a healthy Bitcoin where a spam attack will not make huge bottleneck in the network.
And healthier Bitcoin means a growth in value too. Since the markets were not thrilled, I expect a slow rise. And one day that would mean 1000+.
During the last 365 days the value already doubled (Even more then double: from 240-260 to around 600). It's a promising direction.

Just to be clear with you, I do not deny the possibility of Bitcoin reaching $1000 or more. But in my opinion it will take more time and it will be gradual if there is no manipulation going on. In fact I mentioned something in another thread that it would make sense for Bitcoin to reduce its volatility in % terms by reaching and stabilize at $10,000 per coin.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: NeuroticFish on September 30, 2016, 02:34:17 AM

Quote from: Wind_FURY on September 29, 2016, 10:15:10 PM

Well there was some news that the "explosion" to $1000+ was caused by a bot that was artificially pushing the price up and above $1000+. I believe it will take the same kind of manipulation for Bitcoin to go above that price in a span of maybe 1 or 2 months. So everytime I see and read threads like these I just roll my eyes and consider it as hype or the poster only trying to hype. There is no crime in that but it is over done to the point that it does not make the people hopeful anymore. I prefer to hear the truth.

Market can react genuinely too, without bots. An explosion to 1000+ is possible if Bitcoin proves itself healthy and worthy. It's scarce enough to almost consider it under valuated.
However possible, the chance for such explosion is slim.

Segwit looks like a good step forward to a healthy Bitcoin where a spam attack will not make huge bottleneck in the network.
And healthier Bitcoin means a growth in value too. Since the markets were not thrilled, I expect a slow rise. And one day that would mean 1000+.
During the last 365 days the value already doubled (Even more then double: from 240-260 to around 600). It's a promising direction.

i believe that SegWit is going to be the same as halvening as far as price rise effects go.
it can potentially bring a lot of hype to bitcoin which can cause another big rise to happen. and this is just like any other hype before it.
and since bitcoin has been ready for a rise and the support is available enough for this rise, it can happen quickly and become stable on a higher price. but i think this can be as big as $100-$200 rise and not a $400.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: Wind_FURY on September 29, 2016, 10:15:10 PM

Well there was some news that the "explosion" to $1000+ was caused by a bot that was artificially pushing the price up and above $1000+. I believe it will take the same kind of manipulation for Bitcoin to go above that price in a span of maybe 1 or 2 months. So everytime I see and read threads like these I just roll my eyes and consider it as hype or the poster only trying to hype. There is no crime in that but it is over done to the point that it does not make the people hopeful anymore. I prefer to hear the truth.

Market can react genuinely too, without bots. An explosion to 1000+ is possible if Bitcoin proves itself healthy and worthy. It's scarce enough to almost consider it under valuated.
However possible, the chance for such explosion is slim.

Segwit looks like a good step forward to a healthy Bitcoin where a spam attack will not make huge bottleneck in the network.
And healthier Bitcoin means a growth in value too. Since the markets were not thrilled, I expect a slow rise. And one day that would mean 1000+.
During the last 365 days the value already doubled (Even more then double: from 240-260 to around 600). It's a promising direction.

Leonard2016

hero member

Activity: 1036

Merit: 520

segwit will surely be a positive news for bitcoin because it is most expected and also it is a big improvement for bitcoin and anything that can help bitcoin move forward will also increase the price too.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: NeuroticFish on September 29, 2016, 03:20:30 AM

The markets go by the same rule: Buy on the rumor, sell on the news.
However, I didn't see anything big on the market in the last 2 days. There was a 8$ rise 3 days ago, 5$ fallback 1 day later and that's it.
The market is not thrilled by this news and then I don't see how this could lead an "explosion" to 1000+.

Well there was some news that the "explosion" to $1000+ was caused by a bot that was artificially pushing the price up and above $1000+. I believe it will take the same kind of manipulation for Bitcoin to go above that price in a span of maybe 1 or 2 months. So everytime I see and read threads like these I just roll my eyes and consider it as hype or the poster only trying to hype. There is no crime in that but it is over done to the point that it does not make the people hopeful anymore. I prefer to hear the truth.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Segwit can only be positive for the price & also the future of bitcoin. However I'm not convinced that Segwit alone will catapult us to $1000+

We will see $1000+ again, it's just a question of when but it'll most likely take more than the integration of Segwit into Core.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Quote from: TERA on September 29, 2016, 01:00:00 AM

Sometimes the news events in themselves don't warrant a particular move but they cause a movement just large enough to act as a catalyst for traders to think that some indicators have crossed and it's time for the next big move out of a coiled up area. The move then spikes media attention, and a chain reaction occurs.

I agree it only need some major upgrade and let it be a catalyst to boost price. We all know that this is all about speculation on how we convince people to make it believe that the speculation is true. With this update coupled by good press and then people rally behind this event, there is a huge possiblity of a next bubble to occur.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: Denker on September 29, 2016, 06:06:17 AM

Quote from: 1Referee on September 29, 2016, 03:14:16 AM

I like how optimistic you are about probably the most important update so far, but it will cost a year or two before we reach the $1000 level. It's not as easy as it may look. Just imagine how many people will start selling their coins as soon as the price reaches $1000. It's their target. And if we do happen to reach $1000, then we still have to settle above that level which I can't really see happen.

I think it's a wrong assumption to believe many people will sell when $1000 is reached.
Why should they? Because they may have reached break even then, and leave without a profit?
Only the dumb ones will do so, who still have no idea why they invested in Bitcoin at the top and still are clueless about what potential Bitcoin is having.
These guys will cry when Bitcoin reaches $2000 and even more per coin in the future.
Furthermore I'm sure we can see the $1000+in the next coming 6-8 months.It won't take years if not another hack or other serious issue happens.

I am not talking about people that bought their coins back in 2013 at the time the ATH peak was in the making. I am talking about those that bought this year and last year. There are enough people that have set their targets on reaching $1000 to sell at. Also, people securing profits doesn't mean they will miss out on potential profits due to the price going higher. It's called smart handling.

Snorek

legendary

Activity: 1400

Merit: 1001

I thought about this change. How I see it now - upgrade alone is not enough. Of course is hyped and bitcoin network capabilities will grow.

But if we want price to rise, we need more. For know majority of bitcoiners are holders, they happily stash their coins and wait - I don't think this is good strategy anymore.

We need to use our bitcoins - show the world that it is more than something you can buy once and hold. Bitcoin needs to be live - adoption will push the price higher.

We could have all the upgrades in the world - but when network is not used enough - it won't change anything.

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

Quote from: MaddestScientist on September 29, 2016, 11:06:31 AM

After SegWit activation, I expect bitcoin to rise gradually, touching $1500 in mid-2017 Grin

eh 1500 is really a lot, to be called a gradually rise lol, i think near 1k is possible above that you need a serious money influx, from new people not the same whales playing between themselves

MaddestScientist

member

Activity: 78

Merit: 12

After SegWit activation, I expect bitcoin to rise gradually, touching $1500 in mid-2017 Grin

Topic: Segwit is comming soon, only a matter of time we explode to 1000+ - page 2. (Read 3800 times)