Will Bitcoin go to 5000$ after SegWit activation?

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

Quote from: exstasie on August 27, 2017, 07:13:10 PM

Quote from: alyssa85 on August 27, 2017, 08:27:00 AM

Segwit has activated, but no-one is using it. That's because most wallets are not segwit compatible. To use segwit you need to transfer your coins to a segwit address (incurring a transaction fee) and then send using that segwit address (incurring another transaction fee). It's too much hassle so people are just sending using the old system.

I think that people desperately complaining about transaction fees will make the switch once Segwit wallets are rolled out (at least if they can do simple math). Should be soon, at least for Electrum and Trezor, which covers a lot of users. Nobody should have expected that the effects of Segwit's capacity increase would be immediate.

People are rightfully being cautious moving funds to the new address type, and it takes time for wallet providers to do final testing on the mainnet. A little patience should go a long way here.

But why weren't the segwit wallets ready to go on August 1st? It's not as though they didin't have notice that segwit was being activated. This has been discussed on and off for three years!

Really it's pretty shabby planning.

filharvey

hero member

Activity: 866

Merit: 1001

Quote from: waqarkahloon on August 24, 2017, 10:15:45 AM

Segwit activated today so what will happen to bitcoin price now? what u think will it goes to 5000$ very soon or just walk around 4000$ for more than a month? most people want it to be around 4K so they can buy cheap bitcoin.

Segwit has been activated but it would get completely locked in on november and we could expect bitcoin transaction fee to get reduced after that and so more people would start buying bitcoins quickly.It would definitely increase the demand as well as price of bitcoin.We could even expect price above $5000.But what's the problem is that most of miners have said that they would support segwit 2x only which would be activated in november,six months from the date of signing NYA.So,we should wait and see situations at that time.

betlord90

hero member

Activity: 630

Merit: 500

Quote from: Seansky on August 28, 2017, 02:37:52 AM

Quote from: joshy23 on August 28, 2017, 01:07:22 AM

It looks like $4500 is really a huge wall in front of us, its getting difficult to get their even though Segwit had just been activated.

You are right and as can be seen now, segwit really haven't impacted on bitcoin price that much. There is a possibility that there won't be a bullish run anymore this month or on September and we will see a bearish run although out of next month. Since segwit is already done, the hype about it is over. I hope that it won't do a bearish run as I speculated.

For some matters segwit helps BTC since it makes the price goes stable and we cannot tell for this time that it doesn't affect to the price really since its so early to discuss about this and maybe we will be surprise if there's sudden huge price flow will be happen on bitcoins. And for now lets just simply enjoy the current high price of the bitcoins.

Seansky

hero member

Activity: 560

Merit: 500

Quote from: joshy23 on August 28, 2017, 01:07:22 AM

It looks like $4500 is really a huge wall in front of us, its getting difficult to get their even though Segwit had just been activated.

You are right and as can be seen now, segwit really haven't impacted on bitcoin price that much. There is a possibility that there won't be a bullish run anymore this month or on September and we will see a bearish run although out of next month. Since segwit is already done, the hype about it is over. I hope that it won't do a bearish run as I speculated.

danherbias07

legendary

Activity: 3108

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: joshy23 on August 28, 2017, 01:07:22 AM

Quote from: AK47- on August 28, 2017, 12:23:45 AM

$5000 is very much possible in September without any positive news. Segwit activation will only help in accelerating the growth. I think if all went well, $5500 till the end of September is quite possible.

It looks like $4500 is really a huge wall in front of us, its getting difficult to get their even though Segwit had just been activated. Although the price is stable, and had recovered, it's pretty obvious that we are getting in a bearish trend and might experience few unexpected or minor correction. I don't know if new investors are willing to get it when the price is $4000++, and maybe they are just waiting for just price to become low for them to buy so that we may get into another bullish run. I'm not complaining though, but $4500 will take sometime to reach.

Maybe because it didnt create a lot of noise in the crypto industry.
I find it easier in increase when therr is something big that is being talked about. ETF, BU and the last BCH which created a lot of ruckus that made bitcoin price go up.
But you are right. It is like there is a wall now that stops bitcoin from rising.

joshy23

sr. member

Activity: 1078

Merit: 256

Quote from: AK47- on August 28, 2017, 12:23:45 AM

$5000 is very much possible in September without any positive news. Segwit activation will only help in accelerating the growth. I think if all went well, $5500 till the end of September is quite possible.

It looks like $4500 is really a huge wall in front of us, its getting difficult to get their even though Segwit had just been activated. Although the price is stable, and had recovered, it's pretty obvious that we are getting in a bearish trend and might experience few unexpected or minor correction. I don't know if new investors are willing to get it when the price is $4000++, and maybe they are just waiting for just price to become low for them to buy so that we may get into another bullish run. I'm not complaining though, but $4500 will take sometime to reach.

hawkins

hero member

Activity: 1204

Merit: 500

yes, i think like that. segwit will give effect to the bitcoin price, and it will make it higher. Well, that's still a prediction, but i have set up some bitcoin for it. Preparation will be important before it actually happens.

AK47-

sr. member

Activity: 644

Merit: 250

$5000 is very much possible in September without any positive news. Segwit activation will only help in accelerating the growth. I think if all went well, $5500 till the end of September is quite possible.

machinek20

hero member

Activity: 840

Merit: 501

I think Segwit could pump bitcoin into a positive rising, even without the segwit activation I think bitcoin can surpassed 5000$ this year, but with segwit activation I am sure it can make the price going up faster and higher than 5000$, if segwit is successful then we will see 7000$

Latviand

full member

Activity: 1540

Merit: 219

Quote from: waqarkahloon on August 24, 2017, 10:15:45 AM

Segwit activated today so what will happen to bitcoin price now? what u think will it goes to 5000$ very soon or just walk around 4000$ for more than a month? most people want it to be around 4K so they can buy cheap bitcoin.

I don't think it will be the reason for $5000 to hit maybe some other great news will come this september to november to the market to be $5000 or more than .
People always wanting a cheap below $4000 before they buy without realizing some other part that it may go to $5000 soon .

rodel caling

full member

Activity: 952

Merit: 104

Quote from: waqarkahloon on August 24, 2017, 10:15:45 AM

Segwit activated today so what will happen to bitcoin price now? what u think will it goes to 5000$ very soon or just walk around 4000$ for more than a month? most people want it to be around 4K so they can buy cheap bitcoin.

i think the sitaution about the last segwit and the incoming segwit are same result, my speculation of that issue after fixed again the problem bitcoin come again goes uprise , but in the coming segwit i think the bitcoin dump a little bit of here price value in 2 to 5% dip.

CyberKuro

hero member

Activity: 798

Merit: 506

Quote from: exstasie on August 27, 2017, 07:13:10 PM

Quote from: alyssa85 on August 27, 2017, 08:27:00 AM

Segwit has activated, but no-one is using it. That's because most wallets are not segwit compatible. To use segwit you need to transfer your coins to a segwit address (incurring a transaction fee) and then send using that segwit address (incurring another transaction fee). It's too much hassle so people are just sending using the old system.

I think that people desperately complaining about transaction fees will make the switch once Segwit wallets are rolled out (at least if they can do simple math). Should be soon, at least for Electrum and Trezor, which covers a lot of users. Nobody should have expected that the effects of Segwit's capacity increase would be immediate.

People are rightfully being cautious moving funds to the new address type, and it takes time for wallet providers to do final testing on the mainnet. A little patience should go a long way here.

For those who using electrum and trezor should wait a little longer until wallet developers launch the new update which suitable for segwit transactions.
Yes, transfer all of your coins to the new address will takes high fess due to old wallet (start with 1) because we should pay 400 satoshi/byte for classic transactions. I recommend to wait for segwit transactions become more stable which may influence higher fees.
But, I am sure bitcoin will reach $5000 after this wallet problem ended, maybe in few days later.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: alyssa85 on August 27, 2017, 08:27:00 AM

Segwit has activated, but no-one is using it. That's because most wallets are not segwit compatible. To use segwit you need to transfer your coins to a segwit address (incurring a transaction fee) and then send using that segwit address (incurring another transaction fee). It's too much hassle so people are just sending using the old system.

I think that people desperately complaining about transaction fees will make the switch once Segwit wallets are rolled out (at least if they can do simple math). Should be soon, at least for Electrum and Trezor, which covers a lot of users. Nobody should have expected that the effects of Segwit's capacity increase would be immediate.

People are rightfully being cautious moving funds to the new address type, and it takes time for wallet providers to do final testing on the mainnet. A little patience should go a long way here.

Rahar02

hero member

Activity: 910

Merit: 523

After few days since segwit has been activated, bitcoin price still fluctuate within $4200-$4400.
People still can't use segwit for transactions, but definitely will reach $5000 even though not in this month.
Segwit offers many advantages for bitcoin development and the most important things are the fees and confirmation time.
After all wallet platforms enable to generate P2SH addresses that start with '3' which suitable for segwit, then we will back in the game again.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: pearlmen on August 27, 2017, 05:12:06 PM

the sole purpose of SegWit which is lower fees and faster transaction rate is currently becoming a myth

Segwit brings a few important fixes, or as others like to say, enhancements. Segwit's main purpose isn't exactly to bring down the fees significantly, that's just a potential side effect, but then in a positive way. It will take some time before we are going to see how exactly the fees will 'adjust' now Segwit has been activated, because as it is right now, nothing can be said about this yet. Regarding faster transactions, I don't really think much will change in that aspect, considering that transaction speeds are near instant already. Important to understand is that in order for people to benefit from Segwit, they have to move their coins to Segwit enabled addresses. If people ignore this and just keep doing what they have always been doing, nothing will change for them.

shursight

hero member

Activity: 728

Merit: 500

Yes, i do believe in that bitcoin is gonna reach that price, it is so easy man, just like all the other replies that you had in your post.
Bitcoin was $2500 after all this mess, and now it is upto $4,4k each btc, it can easily go to $5k in a small pump if btc gets hyped.
So a lot of people are expecting that bitcoin is gonna surpass that price in less than a month, and most people thinks that btc will reach at least $5,5k or $6k at the end of the year.

pearlmen

sr. member

Activity: 322

Merit: 250

Hoping that bitcoin will reach $5000 because of SegWit activation, will be a long wait I can't begin to imagine because even as at now, the sole purpose of SegWit which is lower fees and faster transaction rate is currently becoming a myth and to now start predicting its effect on price, will mean we have to wait a little longer if things will turn around.

angaper

hero member

Activity: 966

Merit: 507

I have no doubt that bitcoin will easily surpass that price in the coming weeks, but not as a result of this event, but because of the strong bullish trend it has experienced since December of last year. In fact I would not be surprised if the price is around $ 6,500 by the end of the year since it has been proven that those dates are very important for bitcoin.

It seems that modern Santa Claus is very updated and has decided to give us important gifts through bitcoin. Grin

BitcoinExpart

sr. member

Activity: 476

Merit: 250

well said, everyone try to predict when is BTC planning to hit $5000? First, You could not say the exact date and time nor there is any planning or schedule. just look around with patience.

hatshepsut93

legendary

Activity: 2954

Merit: 2145

SegWit is an old news since it was successfully locked-in, the next thing that might boost Bitcoins price would be Lightning Network, but even this might be priced in already - if it's almost ready for deployment and this information has been leaked to whales. If you want to find some fundamentals for Bitcoins price, you should search for some information not yet known to general public - it can be rumors about development, governments adoptions, support from traditional investors or big companies, etc. Buy the rumors, sell the news.

Topic: Will Bitcoin go to 5000$ after SegWit activation? (Read 1101 times)