Bitcoin Forum

Bitcoin price after 1 August - Down 50%

how do you think about bitcoin price after 1 August 2017.
if there is hard folk, will price down to 50%??

I would like to know exactly.

think about what you are asking  ::).

who can know this. maybe nostradamus if he was a real deal and alive.

lol agree with you

i think we have 2 ways: or nothing change or something happen. And saying something concrete is not worth it

All of us want to know for shore, but it's impossible. There will be no hard fork if you r talking about that

Another pessimist, why the hell are you so pessimistic?

why you do not think positive, maybe the price goes up to  $5000. who knows

No. Actually it's the other way around. Bitcoin will go up 50%.
It may have a small drop, the weak hands will sell, the speculators will gain.
Then everybody will see that's all good and will buy more and more. See Litecoin's path.
And I expect no hard fork. I find that just another FUD to keep the market under pressure.

you are the one making this drastic speculation so you are the one who should say why not us!!

if bitcoin down 50% ...  ;D 2 week before, it will up 175%  :D

It can go both ways depending on what the outcome of August 1 is. But I think most of us wanted it to surge up rather than fall down. So I think it will go up because if it falls a bit, everyone will start buying and that will push the price back up.

If this happens lot of people would go & buy more bitcoins.
I mean basically it wouldnt be one way road. Cheap bitcoins are still valuable.

All of us here really want to surge bitcoin up in the upcoming August 1 event but for now we can really never know the outcome of it and to be really sure of what's gonna happen I think I will convert my bitcoin to fiat just to be safe, I have gather up a sum of amount because of the value of bitcoin I don't want to cut that up with the impending fork if that's gonna happen and I think there are many users that are thinking the same as me.

I don't understand why people think BTC price will reach $5000 after Segwitt or hit the moon one day! I think you all agree that the price is totally dependent on demand. So why should Segwitt or any improvement in the blockchain increase demand hence raise the price? If such a demand exist we would have seen it already. I just trying to be realistic here and trying to decide whether to sell or hold before it all goes mad because I can't find any reason yet for the price to go up! Help me here speculators.

Such demand did exist but it all went into alt-coins because BTC could not take on the capacity of new users because blocks were full. Segwit will release this bottleneck and all the users that bought alt-coins will flow back into BTC.

Total crypto market cap went from 20B to over 100B with BTC losing 40% market share. Expect a large % of this market share to come back.

Think about it, many people are scared of August 1st and what's going to happen. They are sitting in fiat or have fled into altcoins to wait out the storm. What do you think is going to happen when disaster is avoided and Segwit activates and people are cheering and celebrating for finally getting Bitcoin out of its years long deadlock? Oh man if you can't even see the obvious answer to this question I guess there is no helping you.

I believe there will be two chains, one with new protocol and major network power and the other with the old protocol and very limited network hashing power.
So I believe the old chain will be neglected and the price will fall just because of transaction issues and the new chain will get more attention because of faster transaction times and the price of it will increase.

Thank you for that. I didn't know that people left Bitcoin and went to Alt coins because of Bitcoin network problems. I thought they bought Alt coins because they are cheap and possibly earn a lot more money on their investment in a short time. I guess you are right with BTC and that may very well happen. Do you think Ethereum have a good future or will it ever be like Bitcoin?

The beauty here is that when network split, you will have coins on each network.  Even if the price goes down 50% on one chain and the price on another chain remain, I think you can see the scenario here,  you profit 50% from the chain split.  But the price would be unknown since the event is yet to happen.   If the chain is bound to split then it would be the best time to buy Bitcoin since you can have bitcoin on either chain, thus profit is expected.

So if that happens then people who already have Bitcoins will be on the old chain will remain on the old chain so they will lose 50% of the value? or all current BTC will be transferred to the new chain?

I believe a persistent chain split would be a disaster for Bitcoin and will almost certainly lead to one of the altcoins taking over Bitcoin's role. Probably Litecoin as it is the closest cousin to Bitcoin in spirit, which is why I have diversified part of my coins into LTC a while ago. I don't see Ethereum taking over, it's just too centralized and can't scale nearly as well as LTC can. Also Ether supply has no limit, which is a no-no.

As soon as insecurity removed we can expect soaring prices.
Its total fear in the market the lesser it goes more confident people to buy or invest in btc.

We can't expect any big dump after segwit activation on coming august but there might be some correction due to panic traders and some fud on the market.

I am expecting around 30% pump before 10% correction by august  :D

I can not imagine anything. Hysterical people can significantly affect the market and lower the price of bitcoin. I am ready for any development of events. Since recently, I just keep bitcoin and do not plan to sell

Its impossible to know exactly what will be happen in august about the price of bitcoin.. i think we will see more improvement about bitcoin that can push up the price of bitcoin this coming august and 50% down is impossible to happen.. maybe can possible to happen is 15% down than 50% this is just base what happen before..

Well that's a gold info here for me. You are right if Ethereum has no limit then why should it go up or have any high value! Its like a country that keep printing money so it drops in value continuously. All I hear about is its ability for smart contracts but I haven't seen any implementation of that tek.

So why didn't LTC take off then?

No one knows if it will be up by 50% or down 50% but it's better to be optimistic all the time. Share the good vibes with bitcoin to other people and don't believe fud that you read everywhere.

No one knows what will happen after 1 August so this is pure speculation. Even if it happens that bitcoin price go down 50% in just a few weeks after that the price will recover and it may even rise further then the actual price. I believe is the debate that is going on for different chains and hard fork that is not permitting bitcoin to rise in price from where it is now.

How true and how many percentage that the price of bitcoin will go down 50 % on that day? I never think that it will happen.
I still believe on bitcoin that the pice will be still stable around 2000$ on that day.

Bitcoin price after 1 August - Down 50%
no i think that bitcoin go up 50/100

Hey, no one knows exactly what will happen on Aug 1. But I don't think that bitcoin can go down at 50%. May I know you asking though? It seems to me that you are reading to much FUD around. The best thing to do is hold on your bitcoin, and make sure you have control of it (private keys). And just in case its down to 50%, are you will you buy then?

If SegWit2X locks in, activates, and months later successfully forks, we'll experience a massive boost. I am not at all worried about a case where a chain split becomes reality. If it happens, then it happens -- instead of focusing on how it will negatively impact the market, you should focus on how you can benefit from a much lower price. Remember, if something is going to happen, it will be a short time occurrence.

Nope no one can predict such that thing bitcoin is now more stronger than before maybe the real bitcoin price on that month is will be going to be increase more like its becoming $4000 or more thats why i like bitcoins.

There will be always panic on market during hardfork/softfork so I am also expecting some panic from newbie traders that can trigger a small dump on price on activation of segwit2x on august. I don't think that dump will be more than 10% price of bitcoin.

If that happens, I do not think it will stay in any way for long,ie  such low price, there might be some volatility maybe a week before and one after, but if there is no setback that is most likely to happen, then there would be much more confidence in the market.

You believe that? then don't hesitate to dump your coins and wait for the price to go down 50% and buy back then, do you have any idea how much profit one can earn if that was true? this is the work of same people been always manipulating us to make us sell our bitcoins so later they come and claim them for cheap. hard folk :D

I also think that there will be a pump due to speculation of the price to skyrocket and when the activation is done and the problem is solved, then I can see another series of new ATH.  I always think that this update will bring positive result to bitcoin, people spreading FUD because they wanted to get bitcoin at a cheaper price to maximize their profit when bitcoin price goes up multiple times.

the fear of August 1 is already priced in. that was the 2 times dip and sell pressure down to $2100 and $2200 bottoms. the chances of that happening is really slim now.
and what you see now as the price is what you get because of the effects of that date in the future. if a chain split happens price will fall but the fear of chain split won't have any more effect than what we saw already.

Who told you about this thing , this is totally stupid thinking of many persons who are newbie in the Bitcoin field.
Actually  at the 1 August there will be start of the process of the new technology introduce and make the blockchain network more better , so that unlimited numbers of the people can use this thing .
And with this they will make a new connection of the chain , means that there will be separate algorithm with the blockchain that will give the birth of another coin ( Bitcoin unlimited ) .
Now after first of the week of 1 August we will find the option of the investment in the new coin , so Thier are small possibility to down in the price of the Bitcoin by 3-4% only .
So instead to get fear , you should wait for the hardwork to be done successfully and we have another coin with low price and can invest them to make money like those who made in btc investment in the old time .

i think no one will  know exactly about what is going on after august because many people makes prediction that bitcoin price will down but the other people prediction its just correction before increase more. i think maybe the price will down a moment because of the traders is panic but after that, i think the price will be back normal. no one wants to see that bitcoin is jump too deep than they bought and i think the big whales and other traders will prevent if the price is down too far.

The chances of price drop seems to be quite low, still we can't assure that price drop won't happen. Because a week back we went down sliding just when everyone is hoping to reach $3000. So let's have faith that the price won't drop and the rest depends on the technology.

I have the same opinion. I'm afraid that the date could affect everything in the bitcoin world. Buying some altcoin as an investment is a good thing, it can keep us awake if the bitcoin price has drastically decreased. Some altcoin does have a good prospect, I think litecoin, etherum, ripple and stellar have the same chance to be top altcoin.

No, even if there was a hard fork, i don't think that the price will go down by 50%.

If segwit is activated, then price will actually increase because we are able to have cheaper transaction fees again. There is no way to predict how much it'll rise by exactly though, bitcoin is a very volatile market, there is simply no way that you can predict that info.

Worst case scenario, if there turned out to be two "bitcoins", then the value of the two separate chains added together should prove to be somewhere close to the actual value of 1 BTC before the fork happened, because everyone should get the same amount of coins on 2 chains. And there should be very quickly a decisive winner, in my opinion the chances of two chains functioning simultaneously together for more than a few months/years is extremely small, one will quickly crash whilst the other will climb to the top to claim the throne.

Indeed,no one knows for sure about the future of bitcoin and also with the August 1 prediction, no evidence can create a standard of confidence about it, but all hopes that bitcoin will continue to grow rapidly and bitcoin prices will continue to rise.Because this will definitely bring a good impact for its users.

We have no idea whether or not there will even be a hard fork activated on 1st August. Maybe there will only be the UASF happening, and no hard fork is activated. Nobody can tell whether or not it's going to happen, because it's not written in any type of code when it's going to occur.

Price wise, if there was to be a hard fork on or after 1st August, then it's definitely going to affect bitcoin's image of being decentralized and immutable. Some skepticists of bitcoin will take this opportunity to launch an attack on bitcoin.

I'd expect though that there will be a huge dump off before the hard fork even happens, of around 10% decrease in price. If a hard fork does get activated, then price is going to decrease by around another 10-15%. I don't think that btc is going to go back to sub-2000 though.

Eh, i don't know about this.

I believe that UASF if gone according to plan is going to be a breath of fresh air, actually for the bitcoin community. Because we're now used to paying $3 a transaction in fees to miners, and when scaling is done on the network then fees will come down.

However obviously there is a lot of speculation regarding whether a hard fork is going to happen or not, and it is likely that it will happen. In the case that it happens, i don't think that the price of the two chain tokens combined with change at all - because after all, everyone gets the same amount. However, depending on the token you're holding, whether Bitcoin Core or Bitcoin Unlimited, the values of each will fluctuate in inverse correlation. If one gains much more support than the other, you can expect that one to rise.

Still dont know what will happened, it can be bitcoin going up or bitcoin will go down, we still need to see how things will work out, but this news has been scared some of the investors, they have postponed their investment to see how things workout after august and it caused bitcoin price a bit stagnant and unstable

Of course nothing is sure, but August 1st is not coming as a surprising event.
So I do not expect that the market reacts on it in a dramatic way.
Some minor corrections can happen, but nothing out of the ordinary.

Even with the unlikely scenario of 50% price crash we'll be at $1250 which is all time high of 2 month ago and difficulty only went from 59 to 71.
If people could mine bitcoin with costs less than $1250 they would but they are unable to do that, with 71 current difficulty it will cost you more than $1200 to mine 1 coin in at least 2 month. What I mean is: price will not drop down that much because that will make mining unprofitable even in China.

I still believe in the strength of bitcoin and I do not believe there will be a 50 percent decline in early August.

It seems that Segwit will be activated and avoid a network fork on August 1. Mining Pool Support of SegWit2x is now higher than 85%.
This is great news in the short term, but we will still need to hard fork in the future, the idea is to activate a 2MB hard fork within six months after SegWit will go live.
There is no imminent danger associated with the date August 1 anymore, but we still need to worry about the panic that any changes to BTC might cause.

News and threads like this create will unnecessary speculation, which will put panics in the mind of newbies coming into the fold new. There have been several news that have happened in the past one year and the price still stands tall, among them include the ban on exchange site from China, another is the failed listing in the United States which came and went but we still stand. So, August 1 will come, whatever implementation that would happen will surely do and I believe we will still be standing August 2nd.

Look at ETH and ETC, both of the coins are still alive months after hard fork happened. ETH is way ahead in price but ETC is still surviving. The same can happen to bitcoin if ever a hard fork happens.

I agree, I don't think there would be any problems that is so big that would kill bitcoins if there would be a hard fork. Though I think a hard fork will be unlikely and probably a soft one will ensue. Though, if there would be a hard fork I think the value of our coins will not go down because we would be holding two different coins with different values but the total would be the same.

I think this is still for beta and they are just adding a new features for hard fork.. for me still bitcoin will be still a good treasure because it lives for a long time.. hope that the hard fork can fill up the shortage of old bitcoin..
Miners are agree for activating segwit it means it can gives us a good result not for killing bitcoins the value will be still the same or will be balance because there is a hardfork well its not a big problem honestly that we can hold different coin.. since there are many altcoin also we are holding as alternative..

Many possibilities that can happen on the 1st of August. Some say that the day will increase the price of bitcoin as a whole and some argue that bitcoin prices will experience a significant decrease. We all can only argue and wait for the results later.

This August 1st news is already old, so if prices need to go down then it will happen well before that, and it will not wait for that particular day to go down. All the major corrections will happen before that, and either minor correction you can expect or prices will go up after that date. Only weak heart people may scar and sell their coins. If you're a long-term person then make of this situation and accumulate more coins.

the underlying assumption of these two different speculations are different!

* those who say price will go down are either idiots who are spamming for FUD to make some profit by shorting or are making the assumption that there will be some disastrous chain split by that date.

* those who say price will go up are either idiots who again spamming the same or are making the assumption that since SegWit has a large support now, it will be activated and we finally move on so it leads to price rise.

i say we don't know. neither these assumptions are strong. but i personally leaning towards the second one because of the large support from hashrate and the fact that they are signalling the same SegWit activation. although there are still a lot of things unknown.

What I can say is, expect some sort of panic sell on or just before 1st august because people are genuinely scared about having two chains running alongside each other, the whole community will be divided even further and bitcoin will be seen as having 42 million instead of 21 million coins to an outside commentator which will obviously mislead people into thinking that bitcoin just like fiat can be freely printed.

If BU hard fork occurs, down 50% isn't unlikely at all. And by down 50% i mean Bitcoin Core + Bitcoin unlimited is down value is 50%, not just one of them.

If no BU hard fork happens, then i'd expect price to either stabilize or continue rising to try break the $3k barrier which seems to be impossible to break at the moment.

That concept is so utterly stupid that it is crazy.  There is a steady price rise over the years and the occasional surges, but there has not been that percentage increase in Bitcoin since the beginning.  It would not be that great either, even if it did.  From $600 to $2900 in a very short period causes enough issues, but if it popped to $10000 in a couple weeks, then the blocks would get clogged with the dumping and the coin would end up destroyed in a short period, making fewer people rich than you would think.

No one have a clear idea about the price of the bitcoin in the august after the Segwit implementation.
The August is just like a Pandora Box where everyone wishes to get a good result about the price of the bitcoin and at the same time everyone is planning to how to be on a safe end if the price becomes low.

Everyone in the forum is putting their assumptions about how much the price will go down if it’s a drop scene and how much rise is expected but believe me these are just assumptions, there is no one who can confidently say anything about it.

I doubt if people can be misled into believing that there are 42 million bitcoins. Even if a hard fork does happen, I hope the price war between supporters of both chains is short and swift. We just have to which chain is the winner and move on.

investors aren't stupid, think about this, if the value were to go down by 50% they would not have bought all the way up to the current value

because they knew already about the segwit2x activation before this last pump, this mean that the value will likely increase more than decrease

your prediction doesn't make sense, and it's not in line with the resistance we have under $2k on the current market

What if Wu splits the chain? then what will happen in your opinion you wise man? I'll tell you what would happen, after he splits Bitcoins in half the current price of $2500 will drop down below $1450 and the other coin will instantly gains the value of $480 that means $500 lost some where in between.
Lets just hope that he falls sleep the day of forking and the time passes and becomes too late for him to do anything.

Some analists could actually predict something like this, I think. People with a lot of experience and knowledge... ::)

Yes, there could be an opportunity for many of the Alts to take a place but I seriously think they still can’t take over the bitcoin. The price of the Etherium, LTC and ripple may grow high but I don’t expect them to counter the bitcoin and its price at all.

There are many people currently converting their bitcoin to fiat and to the Alts but still the ratio of converting bitcoin to fiat is high. In my opinion people will buy the bitcoin again but once the hard fork filth is over.

You got it backwards, price will rise 50% after august 1 (look at litecoin). There won't be a hard fork in August but there will be Segwit activation. We will get Segwit activated either through USAF or Segwit2x. And yeah you can ignore the 2x part of Segwit2x because it will never happen. I would not be short this market, you could get bear trapped.

This is how I think about the bitcoin price as well. Prices going this much down like 50% is insane. I don’t think it is going to happen anyway. The bitcoin price is determined by the number of its users by the demand of the bitcoin and I think we have a great demand for the bitcoin in the market. Some of the people are scared of the Segwit but I am pretty much hopeful that it will bring some nice changes to the bitcoin features and price.

i tried to be positive , lets jump to 3000 on september so i will empty my trezor and sleep on my money bags lol just kidding , really invested on low amount tho ..bitcoin already had big dump since may so no way its going to dump again , maybe pump will start next month i hope or eth will overcome bitcoin

There may be some people who want to manipulate the price of the bitcoin but at the same time there might be people who may think that the segwit may bring loses in the Bitcoin price and what if these preapprehensions turn to truth ? Does anyone here have any guarantee about the price that it will not go down below a certain range? I think no one have the exact answer to this question.

It is totally depend on last decision of Japanese government.Other governments will follow same path to regulate digital currency. We can see another downtrend after August.

I think a 30% dump in bitcoin price is even more than enough to bear for some people and then who knows when will be the prices go up again. There is great wave of curiosity about the 1st August; almost everyone is worried about the price of bitcoin regarding their holdings. I wish the segwit didn’t happen this soon. I am confused about my holdings whether to sell them or hold them.

Nobody know what will happen on bitcoin in August 1st and i hope that it won't be so low. Well, it's just normal to go for a bit down low but we can't expect that much. I'm hoping that the correction will not be too far from the price before because it creates a panic to every bitcoin users especially the traders.

Quite a few people got bear trapped when it dipped back below $1000, and I think the same holds true now.

The price pumped up to $3000 despite all the technical arguments, and a huge backlog of unconfirmed transactions.  Nobody cares about any of that during a bull run, the price pumps despite it.

The price probably has the chance of increasing than decreasing, because of the segwit signalling towards majority support as well a 50% drop is very big which never happens anymore. What's happening with the price is just an hype and probably if that's gonna happen at this price no user could invest into bitcoin looking the upcoming price fall.

Only IF there is a hard fork, will the price be negatively affected.

Because after all, the first of august is supposed to be the date for activation of the user activated soft fork. So if segwit gets activated then the current issues with bitcoin transaction fees will at least lessen to a more manageable level, and as that happens people will start using bitcoin more and price will actually increase.

But obviously, there is a huge chance that can't be ignored that a hard fork is going to come into play - in which case i do think that the price of both chains will decrease as a whole entity. A harld fork is just going to worsen the division between the community.

I think that even if hard fork happens, it wont crash bitcoin market.
It may remove yes lot of value from your portfolios, but new coin will create new bear market and new whales as well.

August 1 is still one month away. A lot can happen during this time, and I am still hopeful that a split can be avoided. Even if a split happens, it doesn't mean that the value of Bitcoin will go down. Look at what happened with Ethereum. ETH increased in value, after Ethereum Classic split off from ETH.

THere will be no splitting or something like that, I mean if you're trying to search about the fact that majority of miners are supporting bitcoin. There is no interest to activating the UASF that can forked the bitcoin chain and makes another clone for bitcoin.

It is not same situation. We need good excuses for deep correction. Later investors will buy bitcoin with cheap price for selling after september ;)

I think price down is just a normal to see since bitcoin is literally unpredictable it will be still depends in any traders and investors and depends in trends. if they can buy more bitcoin the price of bitcoin can be increase if the sell  bitcoin expect for drop price of bitcoin.. So i think we will see a price drop but not too much..

the big rise of this year has been made in last two month , historically bitcoin will not be rise over than ever , just wait for next winter

But winter is coming. -GOT reference :P

Anyway, a big rise does not prevent it from rising again. That's just an absurd theory that if there would be a big rise early this year and mid year there could be no more chance that it could rise again. I would remind you that last year, the whole year it was rising and it was not just once or twice. It even raised up even when it was already december. It's not a fixed thing.

Nobody will ever know exactly what will happen to bitcoin prices after 1 August, but I think pumps will happen in this month whether it's mid or late this month. If the bitcoin price will be pumped up to $4000 in this month, that means if the bitcoin price is going to go down 50% after 1 August I think it does not matter because we are still at $2000, IMO! Everything is still possible to happen later.

Hard fork may not be coming anymore according to some pronouncements from authoritative Bitcoin figures. And I am banking on that promise. What can be the value of Bitcoin after this important August 1 remains to be the subject of speculations for now. Well, there is a possibility for some drop but the overall trend is up so maybe days after the Segwit2X Bitcoin can start to be back on track. Once the market can see that we already have fast transactions and no more significant clogging in the mempool and that transaction fees are back to being reasonable, I see no reason for Bitcoin not to go up again...maybe heading back to the $2800 level and then into the $3000 threshold.

For now, all we can do is maybe to wait and just watch how the market is playing with Bitcoin. The market (Bitcoin and alts) is getting to be red buoyed by that dark cloud hanging over Bitcoin.