Will Bitcoin go to 5000$ after SegWit activation?

alyssa85

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Quote from: exstasie on August 27, 2017, 06:13:10 PM

Quote from: alyssa85 on August 27, 2017, 07:27:00 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

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Quote from: waqarkahloon on August 24, 2017, 09:15:45 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

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Quote from: Seansky on August 28, 2017, 01:37:52 AM

Quote from: joshy23 on August 28, 2017, 12:07:22 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

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Quote from: joshy23 on August 28, 2017, 12:07:22 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.

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Quote from: joshy23 on August 28, 2017, 12:07:22 AM

Quote from: AK47- on August 27, 2017, 11:23:45 PM

$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

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Quote from: AK47- on August 27, 2017, 11:23:45 PM

$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

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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-

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$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

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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

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Quote from: waqarkahloon on August 24, 2017, 09:15:45 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

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Quote from: waqarkahloon on August 24, 2017, 09:15:45 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

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Quote from: exstasie on August 27, 2017, 06:13:10 PM

Quote from: alyssa85 on August 27, 2017, 07:27:00 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

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Quote from: alyssa85 on August 27, 2017, 07:27:00 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

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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.

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Quote from: pearlmen on August 27, 2017, 04:12:06 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

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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

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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

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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

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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

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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.

Apes

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Quote from: bitcoin31 on August 27, 2017, 06:22:55 AM

I hope the bitcoin price will reach 5000 dollars so we can make a lot of profit. And for sure if reach that price bitcon will become more trending or more famous to the different country so the price will continue to increase . But if the price decrease and go back to the 4000 dollars for sure many people are happy because they can buy a lot of bitcoin and wait the price to increade so they can earn a lot of profit.

well price of this year many say will reach 5000 dollars we all hope best for bitcoin prices the higher the achievement then the more famous and we are lucky to know what is bitcoin

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Quote from: Bosx1ne on August 27, 2017, 01:39:12 AM

Quote from: waqarkahloon on August 24, 2017, 09:15:45 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.

The bitcoin is now heading for $5000 in this year. I know that the bitcoin will become more profitable. I wish that I have many bitcoins today for me to able to become rich.

But I am sure that day will become very soon that you have a lot of bitcoin because I know you trust the bitcoin and who's are believed in bitcoin they have earn a lot of bitcoin and but, it require struggle, yeah hard struggle without working this is impossible to have a lot of bitcoin, and more you are also talking about the bitcoin price it goes to hit 5000$ without any doubt in the year.

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Quote from: ajmapalo22 on August 27, 2017, 07:43:23 AM

Segwit don't much affected bitcoin it has activated and nothings happen actually people don't get much use of it but I think bitcoin will reach $5000 before the end of this year...I am also waiting for the big pump

This is because folk hasn't yet implemented Segwit on large scale. But in week or so we could see the impact of Segwit followed by transaction speed and low fees.
All we need to do is wait. And if fees dropped dramatically, $5000 is nothing a big deal. Bitcoin can surpass much ahead of it.

ajmapalo22

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Segwit don't much affected bitcoin it has activated and nothings happen actually people don't get much use of it but I think bitcoin will reach $5000 before the end of this year...I am also waiting for the big pump

alyssa85

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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.

bitcoin31

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I hope the bitcoin price will reach 5000 dollars so we can make a lot of profit. And for sure if reach that price bitcon will become more trending or more famous to the different country so the price will continue to increase . But if the price decrease and go back to the 4000 dollars for sure many people are happy because they can buy a lot of bitcoin and wait the price to increade so they can earn a lot of profit.

Janation

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Quote from: waqarkahloon on August 24, 2017, 09:15:45 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.

There are still the debate and the SegWit2x so I think it will no go that high. I think it will be staying at the price of $4000. After that maybe we will be seeing that happening. We all know that every last month of the year, the ATh is always appearing. I hope it will be reaching that price this year, I have a lot of hope for that.

exstasie

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Quote from: thejaytiesto on August 24, 2017, 09:22:07 AM

Quote from: waqarkahloon on August 24, 2017, 09:15:45 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.

It depends on two things:

1) Segwit itself not suffering from any problems.
2) Segwit2x and big blockers in general, not getting anywhere. If the JeffGarzikCoin hardfork happens, the price will crash, so all the potential upside will be negated because people will panic sell due big blocker nonsense as always. Ultimately it depends on what people want to do with their money, but typically during big blocker drama it drops.

Do you think the hard fork will happen? And will it be delayed past November?

I'd agree that there is some potential for a crash if a genuine split occurs. I think the consensus with BCH was that it was an altcoin, and while it might suck some investment money away from BTC, it's not a great threat in terms of usurping its user base.

With the November split, it's tough to say. There is clearly a supermajority of miner support. But with Core so firmly opposed, I could see this whole thing fizzling out.

Herbert2020

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Quote from: Sithara007 on August 27, 2017, 01:34:17 AM

All the pump and dump as a result of Segwit is done and Bitcoin has now stabilized at $4,000 - 4,500 levels. The next big movement will occur in November, when the 2MB block size will be implemented. Things will be more or less dull until then.

if it were a "pump and dump" then price would have been back to $700 already!

i don't know when people are going to realize that not all rises are pumps and not all rises mean a bubble. some of you have heard some words somewhere but never bothered to simply google the meaning of those words.
here let me help you out a little: www.investopedia.com/terms/p/pumpanddump.asp
and one of the main features of it is the fake rise which never lasts because the rise was based on false, misleading or greatly exaggerated statements. just like what we see on altcoin market every day. prices go up then they start their downward spiral. do you see a downward spiral towards $700 here?

jamirrah

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Well Im hoping it reach 5000$ coz that would mean more profit from bitcoins Im currently holding. The sooner it reach 5k I think Im going to sell my btc already or atleast half of it since I would already get decent profit from that.

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Quote from: waqarkahloon on August 24, 2017, 09:15:45 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.

The bitcoin is now heading for $5000 in this year. I know that the bitcoin will become more profitable. I wish that I have many bitcoins today for me to able to become rich.

Sithara007

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All the pump and dump as a result of Segwit is done and Bitcoin has now stabilized at $4,000 - 4,500 levels. The next big movement will occur in November, when the 2MB block size will be implemented. Things will be more or less dull until then.

Zalfa_mui

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Yes I'm sure bitcoin will reach $ 5000 at the end of the year, but back again to segwit if this new segwit will work and no problem, but it will not affect the bitcoin price

BrewMaster

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There is trouble abrewing

it probably will reach $5000 sooner than you think. right now it is the day of activation and you can't really expect much on this day because this day is already priced in, more or less. although there was a little rise today.

but after a week tops things can change and the rise can start. simply because of the non-stop good news that will come out from now on. and we still have a whole month of September for rising.

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Quote from: waqarkahloon on August 24, 2017, 09:15:45 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.

It depends on two things:

1) Segwit itself not suffering from any problems.
2) Segwit2x and big blockers in general, not getting anywhere. If the JeffGarzikCoin hardfork happens, the price will crash, so all the potential upside will be negated because people will panic sell due big blocker nonsense as always. Ultimately it depends on what people want to do with their money, but typically during big blocker drama it drops.

waqarkahloon

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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.

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