Bitcoin Forum

1 August 2017, Does everyone think it is effect to bitcoin price or not?

I would like to know.
should I buy bitcoin right now or just wait after 1 August 2017.

If everyone predict that the price is fall down after 1 August 2017 then I will wait and see it.

thank you.


what do you think about price?

there are already multiple similar topics like this. refer to those.
https://bitcointalk.org/index.php?topic=1984565.0
https://bitcointalk.org/index.php?topic=1990935.0
https://bitcointalk.org/index.php?topic=1993766.0
https://bitcointalk.org/index.php?topic=2000042.0
https://bitcointalk.org/index.php?topic=1976480.0

In august 1 I think that the scaling solution that will be applied will affect price greatly in terms of a movement upward or downward but If you would like to try to take risk and make profit, buy bitcoin now but for me it is better to wait until august 1 2017 because if the implemented bitcoin proposal is not good, price will surely go down a lot but if the solution was found good by many, for sure price will rise so it is better to buy bitcoin after august 1 consensus has been decided.

Of course yes bitcoins price will goes up because the activation of segwit2x is fixing for bitcoins, we can see bitcoin's price now is starting going up, in my opinions you buy bitcoins right now because there are chance you will get two bitcoins because of this hard fork, it is mean you will get extra money, but you must calculate about risk losing money in bitcoins.

A little growth is expected, but don't hope to see 50-100% raise. I have heard that founds should be moved on Blockchain.info wallet, like there will be true bitcoin, so I suggest you just to move your coins there to feel at least more safed.

Of course, there will be an effect to the bitcoin price because even the small news has a great impact for the price of bitcoin so how much more if it is about the development of bitcoin, so if the segwit2x will become successful in the date of august 1 then the price might get double or increased by at least 20% on its price and it will continue up to next year because of the price rally.

Double price would be possible but still wont be sure on whats ahead, scaling solution is still approaching and we wont know what would actually happen. Price might crash or Price might rise it do only have two ways but as far as i can see on the possibilities it might be going up on august 1 event still not sure but most likely. We dont really like to see bitcoins price crashes.

Every time when a segwit is taken place, of course Bitcoin price will change. I think its price will change, increase up to 10% - 20% because this segwit2x  really affects to everyone.

My advice for the 1st of august 2017 depends on if you are or not a holder

If you are holding: Just hold. Selling bitcoin means paying taxes... if you hold them you just hold them and don't pay taxes until you sell.

If you don't own any, you need an entry point, if frankensegwit somehow wins, the price will crash so that is a good moment to buy cheap bitcoins before the price recovers and the frankensegwitcoin crashes as everyone dumps their split on the frankensegwitcoin chain.

The best thing to do is to buy more Bitcoin today because the value would accelerate after August 1. I am so sure of that because the price is now slowly going up and that means that the market has already discounted the FUD spread on August 1. The giant has already awaken and it can be ready to roar and soar soon...if you will not act now then it can a little bit late though of course you have the money to buy even after August 1 then it would not be a big problem but it can mean a missed opportunity. Good luck.

Nothing. There may be some fluctuations and is likely to be a short period of decline in the number of transactions. When all will be restored, the price will begin to catch up for lost value. I don't even care. Someone scares the updates of Windows?

I really dont see the excitement and the optimism in all this at all, others are saying that the market is going to crash and people will loss a lot of money in this, that is value is going to be slashed and thats going to take a while to recover.

It will definitely affect the price of Bitcoin. Every event in Bitcoin gives an impact to its price, it has always been that way. But the question here is, what will be the effect on its price, positive or negative? Bitcoin will just have two directions, upward or downward.

As we approach the said date, we will encounter bumpy roads and there will be many ups and downs. I think that mostly, it will be downs since some people are still afraid of that date and this will trigger panic selling to some people, thus, declining in price. But as we go beyond that date, we will see a major hype that will even surpass our ATH. Now that is certain (for me).

If you are concerned about bitcoin network than if everything goes as speculated, activation of segwit2x will definately help bitcoin to be cheaper and faster again. But if you are only concerned with bitcoin's price than nobody can actually predict the effect of segwit activation, I personally think it will have positive effect of market.

The price will be affected but how it is affected nobody can really say for sure, when is the right time to buy bitcoin? when you have the funds is the best time.

Not another 1st August thread!?!

It will affect the price in a positive manner.

Can we all move on now?

Thank you for this reference because even before opening the thread, I had been getting annoyed of the number of times this questions has been asked with several responses only to see this again but I am not surprised a newbie did this if it had been otherwise, I would be seriously furious about this. ;D

Bound to see anything like this affect the price, no one is going to know the scope of what is actually going to happen as the miners could just be the ones to step back and not actually end up doing anything, this could've all just been a hoax to be able to make some good money for some people who would love to see the community panic / shake in their boots. If something does happen and it very well could, we could end up with a major price shift up and down all day for the next couple days, we're going to see some insane volatility - like more then usual when it comes to Bitcoin. But who knows, we're going to find out in less than a month now, good luck!

I don't think so, but I suppose that we will see very shortly, won't we? hahaha :P

I would bet the price is only affected a bit, at most. It wont be affected as much as most people think it will be, that is for sure.

I am hearing a lot of rumors from last two months that the price of bitcoin will crash down on first of August. I believe if the rumors were true, we could see the price of bitcoin falling from now on.

But there isn't any effect on price of bitcoin. Infect the price is getting higher and higher. I would suggest not to believe in these rumors. Go and buy your bitcoin now as the prices will go higher and higher as the time will pass. If you buy the bitcoin now, you will get the more advantage. I hope price will rise up to 20% only . The ratio might decrease a bit.

A lot of people are saying that the changes for the scaling will be a very positive event for Bitcoin. {Bitcoin with Wings} A lot of people have

started to use Alt coins for micro payments, because it was quicker and cheaper. If everything goes well, we will see a much improved Bitcoin

after the 1st of August and more people will shift back from Alt coins to Bitcoin. { It is already faster and cheaper now, since the spamming of

the network has stopped }  ;D

This is obvious: It's just more FUD by bitmain and roger to trigger newbies into panic selling so they can buy cheaper coins, they also delay the activation of segwit to get more fees. They know that if they hardfork, they would be ruined by the whales. They can't hardfork or they will go bankrupt. Just hold through it and if there is a dip buy more.

Not sure which way it will go, but I'll transfer my bitcoin to a wallet with private keys rather than keeping some in coinbase, who has proved to be unreliable on a regular basis, let alone a hard fork.

Maybe yes or maybe no, because I think if Bitcoin crashes and goes having a LeftFork and RightFork like with 'ETH and ETHClassic' that splits into two it will devalue the other split and maybe downtrend also the other one and the coping up process of the price will take time again.

And maybe when everything goes smoothly at what Bitcoin developers and users wishes then it will boom the price up to $5000 in my perspective because having a patch or changes that has no bug means a successful transition that could lead positive effect to the whole community and will surely boots their confidence for another milestone.

So you mean that if two chains are formed after August 1st then the value of both chains will be same and there would not be any impact of it on the price of bitcoin! I highly doubt it.
In the case of two chains, only one chain will succeed as in case of ETH and ETC, ETC is having very less price as compared to ETH.

I just updated my Skype. Yet I still hold Microsoft stocks. It is the same scenario with Bitcoin. An update is coming so I have to decide if I want to hold more or less Bitcoin.
Will this update affect Bitcoin negatively? Probably not, but you should always calculate with a small dip and no matter what happens you must not panic.

There are a lot of thread popping similar to the this thread. A lot of people are worrying about the Aug 1 date. To be honest, no one really knows what will be the outcome after this date. That is why it is said that we need to have control of our bitcoin with our private keys and hold on it and let the dust settles and see what direction the market is going.

When the price fall then consider it a perfect opportunity to accumulate more bitcoin. Again, bitcoin has already face numerous bumps around the road and it proves that it can really recover from any price fall. I'm positive that the Segwit2x activation will bring positive news to bitcoin market and we are going to see a strong price when everything is settled down.

I think August one will definitely have and effect to Bitcoin price.  Whether it will go up or go down depends on which side is more convincing, those who spread FUD or those who spread Hype,  I think we need to wait for that day to come so we will know if it will have a positive or negative effect  once the Bitcoin update is implemented.

there is a mixed situation i think.. some people are thinking that bitcoin price will badly effect and will drop to a low level where as other people are pretty confident about the price of bitcoin and think that it will continue even after some 1st August.

Yeah, a lot of mixed feeling around here and added by a lot of FUD as well. We can only speculate what will be impact of the activation in Aug 1. But I think it will not break bitcoin ecosystem and will continue to flourish along the way eventhough the price may crash. But sooner or later it will recover and the price is going somewhere along the $3000-$5000 range.

I don't think it will effect the price. Some say it will make or break Bitcoin. Same was said about the halving. Everything will be fine the world won't end. I doubt it will even fork. Just to be safe though take your coins out if all exchanges to your in wallet where you in the private key.

So many rumors about 1 August make me scary. Besides when all of you thinks that BTC grows up, hmmm

Perhaps i will by some  ???

It will definitely affect the price of Bitcoin because of the new protocols, now in what manner the price will be affected, don't know seriously.
It can go either way, up or down. Let's see what happens on 1st August.

Its not same as halving, the chain will be split which will result two coins from now on which each has different features. Is it possible the marketcap will also be split? Who knows. LITEcoin went well after segwit which some of btc enthusiast fight for. The more the merrier though :) BitcoinDark, BitcoinPlus, BU and whatelse they can think of.

There will be no split. From the split affected all. Do you think that is no reason to negotiate? No, we are all connected by a single thread and therefore I am sure that the apocalyptic predictions are the only way to create panic and make money.

Jihan and Roger are the two loudest dogs barking all day long. It's funny how they so badly rely on Bitcoin, but don't mind to prevent it from growing further, and even work against the community by cluttering the network with their spam attacks. I personally prefer a scenario where the economic majority agrees on a certain proposal, but on the other hand, I wouldn't mind Jihan and Roger to fork off completely. I however find it hard to believe that they will take the gamble where they fork off, and potentially destructively harm their operations as result -- we'll soon find out.

The activation of segwit on August will definitely affect the price of Bitcoin. It will either be positive or negative but I believe that it is on the positive side. So if you want to buy Bitcoin, I suggest you buy before the said date. It is expected that it will go down before we approach that day due to panic selling of some people. And after the activation, we will see Bitcoin's price will soar up again.

I think after 1st august it doesnt matter there will be split or no.... situation will be clear and there will be massive buying... price wil explode over 3k$

It will affect bitcoin price, but if the segwit is successful the price will go rising again but if it is forking then we will see a downfall, but I am more optimistic, I think bitcoin will succeed so I will suggest you to buy now and hold

Why u think it will go down if there will be forking?
Lol people are worried now, after 1st august everything will be clear so price will go just up and up in my opinion

It is good to be optimistic in your life about many things but I guess when it comes to financial issues then I like to be more realistic. I don’t know what will be the effect of hard fork on the bitcoin but I am mentally prepared for any kind of a situation to face. I think I will be on a safe side in this whole scenario because I am going to hold my btc’s for a minimum of one year.

well splitting may not necessarily be bad. We may want to get rid of these chinese miners who try to make maximum profit only for themselves. This will support long term healthy growth of bitcoin.

Well yes, some people are afraid of the chain split, because their bitcoin might be lost during the process of splittiing so, they will panic selling as their countermeasure to prevent the loss of their invested money. But due to panic selling, bitcoin price started to crash to the ground. But on the other hand this is a good opportunity for us who knows what to do to buy bitcoin.

Where the information about loosing a part of the coin was taken from? I think it's just impossible. Ok, even if it would be possible SegWit2x wouldn't be accepted, because of it's accepted to change the working process, but not to tans of people may loose their bitcoins. I think exactly such comments and opinions make people to get panic and sell their founds.

i think it will drop much but it will recover again within few months

Very fantastic, everyone is talking about it. Saying many things that they themselves do not know.
They are too worried, and gamble with time.
Just relax and see what goes on ahead.  :)

Too many were discussing it since were curious what may really happens, we were getting worried at the same time. Well let's just hope it will recover as fast as possible.

i really doubt that recovery can take that much time!
the fear is only temporary. we ever saw the same fork fear back when price reached the ATH of $1250 and then fell because of FUD and fear that it spread. you can see the recovery was super fast!

this time will also be fast. when the Aug 1 comes and goes and SegWit activates people will realize how silly they were and how much money they have lost by selling bitcoin too late and at the bottom because someone spread FUD!

Similar posts are already raised and answered by many bitcoiners. You can refer them to get your problem solved. I would like to answer your question.
bitcoins price may increase a lot or decrease after August 1. If you want to invest in bitcoin, you can wait till the month end. According to me, Price of 1 Bitcoin will surely decrease untill the month end then you can purchase bitcoins and wait till August 1. The all we can do it wait and watch.

Well that's according to you but I hat if it starts rising again from day later tomorrow? That's why it's always better to buy and hold at any moment you have the chance because it is way too low at the moment and it couldn't be better to buy it now and hope to make gains after the prices start going up.

Hey, your pretty new to the forum, so I would recommend that you search what you want to know on the search bar on the right side of the forum before posting threads about it.

Now onto your question, what I think is happening now, is people are being scared of Segwit and then they are panic selling their bitcoin, because they think that bitcoin will die after Segwit. What I think is totally different, and I speculate that the price of bitcoin will go back up to around 2800 USD after August the first. We will have to wait and see what happens

 

You are not realize what actually happen to bitcoin. Bitcoin just upgrading why people are selling because they don't know what will happen in august 1 they are afraid because of words from competitors that bitcoin will crash too high that i think people are afraid that bitcoin will be die soon so if they don't sell their bitcoin they will lose..
The fact its impossible that bitcoin will drop to high if you can think deeply what bitcoin already done look at japan they already legalized bitcoin and some country that accepting bitcoin as payment brazil paris or australia and other big business  and company online like steam and namecheap and other company are accepting bitcoin as payment..
So i realize that its impossible that developer let the price down they are just upgrading bitcoin with new feature. and expect that the price will increase more high people who are sell their bitcoin regret in the end.

I am pretty sure the segwit2x will affect the price of bitcoin. The reason is due to the fact that it will create two different currencies of bitcoin. There will not be any cloning from there onwards which is the case currently. The cloning was after effect when you do a transaction. Now this won't be the case and each currency that formed due to this split will lead to independent transaction thus the price will depend on the best supported currency. This is not clear which one will have what value.

Splitting Bitcoin is better than diminished of Bitcoin. Many miners and traders will quit in Bitcoin if it would happen on August 1. Investors will be losing their businesses, money and time. All hard work people to earn 1 bitcoin in a month will be worthless in just one day. For me, it is a sign that government will be in the technology of bitcoin. 

yes many people is worried with august 1, i think we don't have to worried. i think before they do something, better they read about explanation that we can do in august 1 and i think its important to not making a transaction in august 1 until there is any update news from the dev and the team.

There is such a rule in the bitcoin land. When there are some major changes to happen, few months before there are always a major drops in the price. By the time the change happens, there are noone left to sell, that would be willing to sell otherwise.

I do not know if people want to outsmart others, are scared that bitcoin can go to zero. All i know is, that it means that bitcoin has too much speculation money for its own good, and way more speculation than the uses. Thats a sad part. The happy part is that its always bounces back. Its like its second rule.

Nowadays some people have been worried about the anxiety about drastically reducing bitcoin prices, and some bitcoin users are definitely selling bitcoins because they feel bitcoin prices will continue to fall down, but for those who have strong confidence in bitcoin certainly hold it firmly. They buy bitcoin because the price is going down.

The extremely rapid rise up is the problem. With high volatility of course it might crash. But if it goes up slowly I think it has a lot of staying power.

Nobody can predict future, except maybe the whales manipulating the markets :D

in fact people feel their investment as insecure and risky in bitcoin tell 1st August and therefore they are currently not taking in bitcoin  interest but after 1 August i am sure that tie price of bitcoin will start increasing and this time i am hopeful that is price will reach to a high price.

Everyone is worried and that's normal. They are afraid of losing their money, today many traders are getting dizzy, their money in sales position while the market is not conducive. Altcoin bleeds following BTC prices. 2 months this situation will end.

The events that will take place on the first of August will in any case affect the course of bitcoins. If everything is resolved safely, then bitcoin will continue to grow in price. It is also possible that the number of bitcoins after the first August will double. What will happen to his course then? In any case, we are on the threshold of grandiose events.