what will happen to the price of bitcoin?

skorupi17

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Quote from: dady12 on June 20, 2017, 02:05:41 AM

from cryptonews yesterday I find out that there is going to be activation of segwit2x in bitcoin to allow faster transaction and this is agreed by okcoin,bitmain and huobi, what do you think will happen to price of bitcoin?

Before the activation, we will see some drop in Bitcoin's price because of the panic selling that will happen. Many are scared of the uncertainty of the activation that will occur. After the activation, the price will then continue to grow bigger (hoping that the effect of the activation is on the positive side) and bigger. That is a wonderful news for Bitcoin users.

raven7886

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Quote from: audaciousbeing on June 23, 2017, 05:48:55 AM

Quote from: dady12 on June 20, 2017, 02:05:41 AM

from cryptonews yesterday I find out that there is going to be activation of segwit2x in bitcoin to allow faster transaction and this is agreed by okcoin,bitmain and huobi, what do you think will happen to price of bitcoin?

I have every reason to that the moment the flash issue of delayed transaction is sorted out as a result of segwit with moderate fees, I am sure that a lot of people who have been considering other means of payment rather than using bitcoin will surely come back then we see gradual increase in the price. By that we have a basis for the increase.

Yes after the transaction confirmation issue if it will be solved it will be helpful to bitcoin to get back the loyalty of its users who looked for the alternates. The bitcoin is the most trusted cryptocurrency in the crypto system and many people are fans of it because of its unique features. I am sure that people will not turn its back to the bitcoin ever again.

Supercrypt

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Quote from: KingdomHearts on June 22, 2017, 09:04:51 AM

Quote from: Duzter on June 20, 2017, 10:51:26 AM

As users mentioned the slow transaction itself causing a price increase, so without doubt a further price increase is an assured as well the days of increasing adoption will take bitcoin to the next level of usage rather then the days where people were struggling with transaction fee and confirmation issues.

In my mind as I know bitcoin I think the price will go up not rapidly but slowly. Because people are getting interest in it and also now countries using it for internal business and trades. In future I think more countries will allow bitcoin to be used in markets such as paper money so bitcoin has a bright future.

Yes this is true that the bitcoin followers are increasing constantly and especially when it is now a legalized method of payment in many countries across the globe as per recent study.

People are now rushing in Japan to get bitcoin so that they can get the benefits from it which the government of Japan has allowed to its citizens. Looking at all this scenario I see a very bright future of the bitcoin adopted and loved by many people.

richardsNY

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Quote from: Strygwyr on June 24, 2017, 11:23:53 AM

Quote from: Ewox on June 20, 2017, 10:00:32 AM

We still can't predict now what will happen to the price of bitcoin but so far or lately though the price is slowly increasing so there is a big possibility it'll gradually increase but still we should not let our hopes up.

I agree, let's just wait for the incoming Split this August 1, 2017. Well its better to get our hopes up, be more positive and we'll get there.

Good luck wasting your time, because the chances for a chain split to become reality, or anything to happen at the first of August at all, have become lower than ever before. Other than that, you're talking about that it's better to be more positive, but yet you are expecting a chain split to happen next month. Roll Eyes

No matter how you look at it, chain splits aren't really something people look forward to....

Strygwyr

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Quote from: Ewox on June 20, 2017, 10:00:32 AM

We still can't predict now what will happen to the price of bitcoin but so far or lately though the price is slowly increasing so there is a big possibility it'll gradually increase but still we should not let our hopes up.

I agree, let's just wait for the incoming Split this August 1, 2017. Well its better to get our hopes up, be more positive and we'll get there.

Absentis

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Quote from: GoodLuck2 on June 23, 2017, 12:30:32 PM

Quote from: mharz on June 23, 2017, 04:53:09 AM

Bitcoin price was seemed good because it was continues increasing. I'm glad that it was happened hoping that price of bitcoin was continues until next year. I can't stopped earning bitcoin for the future.

Yes the price of bitcoin is continues to going increasing and I think its price will hit 3000$ in this or next week, and you are good and take a good decision that you cannot stop earning bitcoin and I hope your future will be very bright because bitcoin price will goes to increasing and increasing.

It would not just increase by $3000 but it might hit until $3500 because more expects greater from that. Next week of next month is not that easy to achieve having that big hit of a price, and if there's sudden loss and fluctuations of value don't panic sell just give patience to your investments. Price will increase again after a sort of fluctuations and it always happened in bitcoin marketplace, supply and demand always compet.

GoodLuck2

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Quote from: mharz on June 23, 2017, 04:53:09 AM

Bitcoin price was seemed good because it was continues increasing. I'm glad that it was happened hoping that price of bitcoin was continues until next year. I can't stopped earning bitcoin for the future.

Yes the price of bitcoin is continues to going increasing and I think its price will hit 3000$ in this or next week, and you are good and take a good decision that you cannot stop earning bitcoin and I hope your future will be very bright because bitcoin price will goes to increasing and increasing.

Zicadis

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Dump it!!!

activation of segwit2x should restore investor confidence and should immediately see prices racing to the moon as the long awaited phenomenon happens and demand raises once again

molsewid

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Quote from: dady12 on June 20, 2017, 02:05:41 AM

from cryptonews yesterday I find out that there is going to be activation of segwit2x in bitcoin to allow faster transaction and this is agreed by okcoin,bitmain and huobi, what do you think will happen to price of bitcoin?

Nothing bitcoin cryptocurrency wil remain bitcoin and no matter bitcoin price is still demand on people who using it as their money profit also not because of the more faster transaction will happened it means all of transaction can confirmed in minute. Maybe bitcoin price will be spit or maybe it will increase more than the people expectation.

Carmen_Sandiego

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I think the price will go higher. But I'm not sure, because it looks like core devs do not approve segwit2x code.

audaciousbeing

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Quote from: dady12 on June 20, 2017, 02:05:41 AM

from cryptonews yesterday I find out that there is going to be activation of segwit2x in bitcoin to allow faster transaction and this is agreed by okcoin,bitmain and huobi, what do you think will happen to price of bitcoin?

I have every reason to that the moment the flash issue of delayed transaction is sorted out as a result of segwit with moderate fees, I am sure that a lot of people who have been considering other means of payment rather than using bitcoin will surely come back then we see gradual increase in the price. By that we have a basis for the increase.

mharz

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Bitcoin price was seemed good because it was continues increasing. I'm glad that it was happened hoping that price of bitcoin was continues until next year. I can't stopped earning bitcoin for the future.

Strygwyr

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Quote from: deisik on June 21, 2017, 08:31:35 AM

Quote from: Strygwyr on June 21, 2017, 05:37:30 AM

Quote from: deisik on June 20, 2017, 11:21:04 AM

Quote from: Red-Apple on June 20, 2017, 09:02:36 AM

Quote from: Strygwyr on June 20, 2017, 08:53:09 AM

The value of BTC will somewhat drop, since these mentioned Altcoins have already come up with an alternate solution to the BTC's problem about high transaction fees.

no they haven't lol

you just see a smaller fee in altcoins because first of all their prices are too low so any amount of fee is small, like 1 whole unit of some of them (which is the transaction fee of it) is worth 10 to 100 satoshi and since their mining rewards are huge (hence creating a massive supply and kills the price and the future of the coin) no miner cares about fees.

also it is because nobody uses them. so there are no transactions on many of their chains. again you can not compare two things when they are not used equally!

I certainly agree that we should compare things on equal grounds

That said, you should still not ignore Litecoin which is one of a few coins that has Bitcoin issues allegedly solved. Litecoin transactions are cheap as dirt and while its price is something like a fiftieth of Bitcoin's, they would still be cheaper if we equaled the prices of these two coins. What's more, they can't grow in the same way Bitcoin fees have been growing since if it ever comes to that, LN payment channels will inevitably kick in and drive transaction fees down. Further, you can't say that the mining rewards are huge in Litecoin either. Right now the block reward equals 25 litecoins which is only two times greater than Bitcoin's 12.5 coins per block

Well I have only based my answer to the author's statement. I know that these altcoins are nothing compared to BTC, but what about those Altcoins that are about as 3/4 the price of BTC, those leading altcoins (there is a rumor about ETH having infinite tokens), I have read threads that they prefer altcoins than BTC.

I don't know any such altcoin priced that high

If we talk about absolute values (i.e. prices in, say, US dollars), the closest to Bitcoin is Zcash, with its price a little below 400, the next is Ethereum at 330 and Dash follows them with the price of somewhere below 200 dollars per coin as of now (all prices are Bitfinex quotes). As you can see, any of these is a far cry from Bitcoin's price of 2,700 dollars per coin. If you in fact refer to market cap, only Ethereum is a perceived competitor to Bitcoin, but with most of its coins premined and locked, this "competition" is utterly bogus and fake

Well my bad, I guess I didn't go into details about the price. I guess it can only be compared not as a fraction but just as decimals of it. Guess the market cap is what I meant.

Its always helpful to have these forums. So that we could learn everything we have to know. Thank you for sharing.

batang_bitcoin

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Quote from: dady12 on June 20, 2017, 02:05:41 AM

from cryptonews yesterday I find out that there is going to be activation of segwit2x in bitcoin to allow faster transaction and this is agreed by okcoin,bitmain and huobi, what do you think will happen to price of bitcoin?

I can say to them that just don't do something crazy and scared out the investors. And if there's nothing happened or they didn't try to scare new investors, the price will increase slowly. The activation is going to solve to the problems that we are experiencing now and for sure if that happens many will get back to bitcoin.

wuvdoll

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Quote from: dady12 on June 20, 2017, 02:05:41 AM

from cryptonews yesterday I find out that there is going to be activation of segwit2x in bitcoin to allow faster transaction and this is agreed by okcoin,bitmain and huobi, what do you think will happen to price of bitcoin?

Sigwit2x is about hardforking and even most of the big miners agree with it, those bitcoin developers are not happy with hardforking which might resulting in splitting bitcoin network into two chains. As of now, it seems still the blockchain issues is going on and we can expect a concrete solution in near future so that there will be a big impact on bitcoin prices. Unlike many people are waiting for August 1st to have consequences of adopting a solution for block issue, prices will react well in advance. So, you can expect some crack works in July.

Pejoh Asu

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I think and pretty sure that bitcoin prices are mostly done by speculators, they will continue to pump prices up to the point where they will sell bitcoin stock and the price will drop.

KingdomHearts

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Quote from: Duzter on June 20, 2017, 10:51:26 AM

As users mentioned the slow transaction itself causing a price increase, so without doubt a further price increase is an assured as well the days of increasing adoption will take bitcoin to the next level of usage rather then the days where people were struggling with transaction fee and confirmation issues.

In my mind as I know bitcoin I think the price will go up not rapidly but slowly. Because people are getting interest in it and also now countries using it for internal business and trades. In future I think more countries will allow bitcoin to be used in markets such as paper money so bitcoin has a bright future.

jc89

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Quote from: dady12 on June 20, 2017, 02:05:41 AM

from cryptonews yesterday I find out that there is going to be activation of segwit2x in bitcoin to allow faster transaction and this is agreed by okcoin,bitmain and huobi, what do you think will happen to price of bitcoin?

I believe no one is 100% certain about what will happen to Bitcoin's price. As to what I believe, before we head to that date, around August, we might see some declines due to the people who are panic selling. They might be scared of what will happen on the activation of segwit so they tend to cash-out in order to avoid possible loss if the price crashes.

Casdinyard

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Quote from: talkbitcoin on June 20, 2017, 05:22:14 AM

Quote from: dady12 on June 20, 2017, 02:05:41 AM

from cryptonews yesterday I find out that there is going to be activation of segwit2x in bitcoin to allow faster transaction and this is agreed by okcoin,bitmain and huobi, what do you think will happen to price of bitcoin?

since it has the majority of miners (hash power) support
and also majority of users (full nodes) are supporting SegWit

if we don't get any drama and shenanigans i think we are looking at a smooth fork with nothing to worry about specially since the hash power behind the fork will be >95% of total.

and without drama price will just continue to rise specially since we have had the good correction recently.

Well i hope this is true and will happen on august 01. Actually it bothers me a lot when if block chain will be split into two. That will be a problem to us and the worst is we could lose some of our funds.

Maybe after august 02 bitcoin price will drop. And that's a sure thing.

deisik

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Quote from: Strygwyr on June 21, 2017, 05:37:30 AM

Quote from: deisik on June 20, 2017, 11:21:04 AM

Quote from: Red-Apple on June 20, 2017, 09:02:36 AM

Quote from: Strygwyr on June 20, 2017, 08:53:09 AM

The value of BTC will somewhat drop, since these mentioned Altcoins have already come up with an alternate solution to the BTC's problem about high transaction fees.

no they haven't lol

you just see a smaller fee in altcoins because first of all their prices are too low so any amount of fee is small, like 1 whole unit of some of them (which is the transaction fee of it) is worth 10 to 100 satoshi and since their mining rewards are huge (hence creating a massive supply and kills the price and the future of the coin) no miner cares about fees.

also it is because nobody uses them. so there are no transactions on many of their chains. again you can not compare two things when they are not used equally!

I certainly agree that we should compare things on equal grounds

That said, you should still not ignore Litecoin which is one of a few coins that has Bitcoin issues allegedly solved. Litecoin transactions are cheap as dirt and while its price is something like a fiftieth of Bitcoin's, they would still be cheaper if we equaled the prices of these two coins. What's more, they can't grow in the same way Bitcoin fees have been growing since if it ever comes to that, LN payment channels will inevitably kick in and drive transaction fees down. Further, you can't say that the mining rewards are huge in Litecoin either. Right now the block reward equals 25 litecoins which is only two times greater than Bitcoin's 12.5 coins per block

Well I have only based my answer to the author's statement. I know that these altcoins are nothing compared to BTC, but what about those Altcoins that are about as 3/4 the price of BTC, those leading altcoins (there is a rumor about ETH having infinite tokens), I have read threads that they prefer altcoins than BTC.

I don't know any such altcoin priced that high

If we talk about absolute values (i.e. prices in, say, US dollars), the closest to Bitcoin is Zcash, with its price a little below 400, the next is Ethereum at 330 and Dash follows them with the price of somewhere below 200 dollars per coin as of now (all prices are Bitfinex quotes). As you can see, any of these is a far cry from Bitcoin's price of 2,700 dollars per coin. If you in fact refer to market cap, only Ethereum is a perceived competitor to Bitcoin, but with most of its coins premined and locked, this "competition" is utterly bogus and fake

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