Will SegWit2x lead to Bitcoin price decline by End of November?

CoinPowerProject

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Quote from: Catmony on November 08, 2017, 01:23:12 PM

Each chain-split where the new chain gain some support always lead to price decline to the current chain, so i would say bitcoin price will be decline a bit for few weeks after SegWit2x hard fork and chain-split.

But this was already proved wrong from bitcoin cash and bitcoin gold fork we have this year.

Both of the splitted chain fails to gain support from both miners and users so it hadn't affected bitcoin's price. However it is also true that if bitcoin2x will get majority of miner's support than bitcoin price can decline significantly.

Now the situation change and Bitcoin Cash has real chance to be "right" Bitcoin, number one. SegWit2x waiting us in the near future.

CoinPowerProject

newbie

Activity: 42

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I really do hope for that, because i want to invest a more serious amount of money in btc (yeah, fucking late)
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It is not late to invest to btc, the price will move down to 3.000 , this is some price as was all summer time (around 2700 - 2900 )

LodisMcguire

sr. member

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Merit: 261

I think not,people probably dump the segwit coin and go on with bitcoin
BTC price will decline because people will back to invest in other altcoin once again

Catmony

hero member

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Merit: 500

Quote from: ?? on ??

Each chain-split where the new chain gain some support always lead to price decline to the current chain, so i would say bitcoin price will be decline a bit for few weeks after SegWit2x hard fork and chain-split.

But this was already proved wrong from bitcoin cash and bitcoin gold fork we have this year.

Both of the splitted chain fails to gain support from both miners and users so it hadn't affected bitcoin's price. However it is also true that if bitcoin2x will get majority of miner's support than bitcoin price can decline significantly.

buytheeffinD

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Activity: 266

Merit: 101

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Quote from: johnson4218 on November 08, 2017, 12:46:54 PM

if bitcoin down 4k. do not hesitate. That is the only chance. and will not happen again. bitcoin will fly away. and if possible. Please buy now. whales will make the price. It will be very difficult for us. hope

I think a correction was coming always but to go to 4k may be a little low estimate for my range. It is possible for sure but look at what has happened since Segwit2x cancellation news broke. BTC has gone up 10% today this

has no sign of slowing down makes you wonder what is driving this surge up despite the cancel...

johnson4218

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Activity: 165

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if bitcoin down 4k. do not hesitate. That is the only chance. and will not happen again. bitcoin will fly away. and if possible. Please buy now. whales will make the price. It will be very difficult for us. hope

tulakill

newbie

Activity: 28

Merit: 10

Whales wear it up. or what's the plot? I do not believe in bitcoin. and the whales did not move. There will definitely be a trap. let's see . if bitcoin down 4k. I will sell the house. and buy bitcoin Shocked

Koadharber

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Merit: 510

Quote from: CoinPowerProject on November 08, 2017, 12:04:57 PM

Analysts including Woo and Tom Lee of Fundstrat have emphasized for many months that the SegWIt2x hard fork scheduled to be executed on November 16 could very likely lead to a major price correction, as a small portion of bitcoin investors who have allocated their funds from alternative cryptocurrencies (altcoins) to bitcoin with the sole purpose of obtaining the newly created SegWit2x coins or B2X reallocate their funds back to altcoins.

What do you think about it?

It a normal thing and even us normal investors would really assume that thing to happen which we did already actually see on those past forks which people accumulate bitcoin as much as they can which would really affect bitcoins price and later on theres a correction but it ends up always on recovering its price and do reach out new ATH instead of a hard dump on which those most analyst do criticize for. Expect always the unexpected and this thing is really just normal for bitcoin since it do have volatile price.

Mr.Dick

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Activity: 207

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Quote from: CoinPowerProject on November 08, 2017, 12:04:57 PM

Analysts including Woo and Tom Lee of Fundstrat have emphasized for many months that the SegWIt2x hard fork scheduled to be executed on November 16 could very likely lead to a major price correction, as a small portion of bitcoin investors who have allocated their funds from alternative cryptocurrencies (altcoins) to bitcoin with the sole purpose of obtaining the newly created SegWit2x coins or B2X reallocate their funds back to altcoins.

What do you think about it?

I really do hope for that, because i want to invest a more serious amount of money in btc (yeah, fucking late)

Willitivity

sr. member

Activity: 1190

Merit: 256

After every fork, there is always a sharp decline in Bitcoin price. This is because before the fork, people were acquiring more bitcoins so as benefit from the fork. Then after the fork, all the money thrown into Bitcoin is gradually pulled out into other alts.

CoinFoxs

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Yeah definitely after split of a bitcoin price start decreasing but this time price will not decrease too much, it willl be in between 5800$ to 6000$.

CoinPowerProject

newbie

Activity: 42

Merit: 0

Analysts including Woo and Tom Lee of Fundstrat have emphasized for many months that the SegWIt2x hard fork scheduled to be executed on November 16 could very likely lead to a major price correction, as a small portion of bitcoin investors who have allocated their funds from alternative cryptocurrencies (altcoins) to bitcoin with the sole purpose of obtaining the newly created SegWit2x coins or B2X reallocate their funds back to altcoins.

What do you think about it?

Topic: Will SegWit2x lead to Bitcoin price decline by End of November? (Read 337 times)