what will happen to the price of bitcoin? - page 2.

Gotottack

hero member

Activity: 882

Merit: 506

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.

Can you name me an altcoin that is not a shitcoin that is worth 3/4 of the price of BTC, seems like I failed to see these altcoins that are priced that high. Maybe it's not in the exchange I am trading at or maybe there isn't any that exist. Some of those highly valued coins are only valued high because they aren't in the best exchanges and when they do get into exchanges like poloniex they drop like a hot potato.

btcjocan

sr. member

Activity: 658

Merit: 250

Quote from: djgtr on June 21, 2017, 07:29:58 AM

In my personal observations right now bitcoin really behaved in an unexpected way due to price fluctuations; sometimes it lowers down for several days and again it pumps up to higher level. We cannot say to a final conclusion of how it's been doing great, is it for increase or is it for decrease? That's still remains a questions for all of us here and to make it clearly to view now; I must say we are now at the higher stage after few days of low price value of 1btc.

I think there were some points that you doesn't consider mate, the fluctuations of bitcoin is not a good signs of bitcoin economy based on those articles I had read. There will be a possible problem on bitcoin price soon and your transactions will not be safe at all after that massive restructuring of blockchain network. It the status of digital currency will always have a fear of possible crash due to that speculations, then we cannot experience another pump anymore; everything will turns out hopeless.

djgtr

sr. member

Activity: 951

Merit: 250

In my personal observations right now bitcoin really behaved in an unexpected way due to price fluctuations; sometimes it lowers down for several days and again it pumps up to higher level. We cannot say to a final conclusion of how it's been doing great, is it for increase or is it for decrease? That's still remains a questions for all of us here and to make it clearly to view now; I must say we are now at the higher stage after few days of low price value of 1btc.

jerowacik

legendary

Activity: 1162

Merit: 1000

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 never heard of anything like this. But if it really happens this then we can be sure we can do bitcoin delivery faster and also cheaper then more and more people are using bitcoin. In addition we can take advantage of bitcoin facilities with more powerful, all transactions bitcoin delivery can be done in seconds.

Strygwyr

newbie

Activity: 7

Merit: 0

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.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

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

Duzter

sr. member

Activity: 1092

Merit: 256

Leading Crypto Sports Betting & Casino Platform

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.

ClaraLuV

full member

Activity: 236

Merit: 100

Presale is live!

I am waiting to see how the price of bitcoin will react in the coming weeks and i think we could see some people dumping the coins because of the uncertainty we have right now and i expect a gradual recover after everything is resolved.

Ewox

sr. member

Activity: 812

Merit: 253

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.

flower1024

legendary

Activity: 1428

Merit: 1000

Quote from: vasrasus on June 20, 2017, 09:31:05 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.

Yeah. Most of the Altcoins have a minimal transaction fee compared to bitcoin transaction speed is very fast. But this is normal because the volume of transaction processed everyday is very small compared on Btc. Bitcoin is still the best. Let's just wait for segwitx2 if it can solve scaling problem. This might result on big pump.

Yup the volume of the bitcoin is always high compared to altcoins. But bitcoin is facing late confirmation and high transaction fee problem it may be going to solve now. Once it gets solved then again, people will start to use bitcoins. I am also waiting for this segwitx2 once it happens maybe we see a huge variation in bitcoin price it may cross $3k.

vasrasus

hero member

Activity: 946

Merit: 500

Bcnex - The Ultimate Blockchain Trading Platform

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.

Yeah. Most of the Altcoins have a minimal transaction fee compared to bitcoin transaction speed is very fast. But this is normal because the volume of transaction processed everyday is very small compared on Btc. Bitcoin is still the best. Let's just wait for segwitx2 if it can solve scaling problem. This might result on big pump.

1Referee

legendary

Activity: 2170

Merit: 1427

Bitcoin will experience a massive boost at the time the activation gets really initiated, but for that to happen, we need to see miners reach 80% support for 672 blocks straight (both divided over 2 straight periods of 336 blocks each). Overall, it's good news, but the market has calmly reacted as people are still somewhat conservative to how everything will play out. If an activation becomes reality, I am sure that we'll blast through the $3000 barrier without any problems.

Red-Apple

hero member

Activity: 1470

Merit: 655

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!

dady12

full member

Activity: 166

Merit: 100

Quote from: Kaballes on June 20, 2017, 07:17:21 AM

I think price will be rise sharply, a little before and a little after the activation. We could see 3000$ at that time so trust me and buy as much as you can now, this is what I did. You will make 500$ of benefit on each bitcoin.

you are right ,I am.going to buy some coins now as I don't know what will happen before and after the activation

Strygwyr

newbie

Activity: 7

Merit: 0

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.

dady12

full member

Activity: 166

Merit: 100

thanks all that contributed to this topic,I really appreciate and I have learned from your wealth of experience and I have to prepare for the challenging ahead

Kaballes

newbie

Activity: 3

Merit: 0

I think price will be rise sharply, a little before and a little after the activation. We could see 3000$ at that time so trust me and buy as much as you can now, this is what I did. You will make 500$ of benefit on each bitcoin.

niisarearning

sr. member

Activity: 910

Merit: 252

Quote from: hosseinimr93 on June 20, 2017, 03:03:20 AM

I think the price will rise gradually after that. Slow transaction and high transaction fees are the biggest disadvantages of Bitcoin. With solving these problems the demand for buying bitcoins will increase. As a result the price will rise. What will happen to Bitcoin can cause big profit for owners.

I do agree if the things OP mentioned happen there will be a big profit for bitcoin holders. The biggest disadvantage with bitcoin now a days transaction charge and confirmation time once it is solved there will be a big boom.

bartolo

hero member

Activity: 1176

Merit: 501

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?

If this is finally implemented, the threat of a split in the network fades away, fees go slow and transactions are fast again we could see a rise in the price, easy going above $3000 and maybe reaching $3500.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

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.

Topic: what will happen to the price of bitcoin? - page 2. (Read 1781 times)