Bitcoin Forum

Market analysts have come up with different factors to be behind this significant decline in Bitcoin and altcoin price. Ironically, this comes immediately after the G20 summit in Hamburg where reference was made to digital currency as an important technology in the global economic transition.

Also of note is that the community is nearing an important date of August 1 when Bitcoin is expected to make its most crucial decision since creation. Certain groups have also attributed this decline in price to technical factors lifted from the study of price charts, making predictions based on historical market behavior.

Whatever the reason, the fact remains that the crypto market keeps getting more traction as the days go by. The numerous activities taking place within the industry since the beginning of 2017 must be considered if the prevalent market volatility is to be analyzed properly.

August the 2nd is too.

Every one is persuming that Bitcoin hard fork result will be same just like ETH had his hardfork and it failed and the price went down to 90% below it and it took so much time to reach back its high price. So Bitcoin will also fell down first and then their will be rise.

Now everyone is just waiting for August 1 till then their wont be any major activity with bitcoin

So until August 1st there will not be any movement, but do you have an idea of what will happen at this moment ? I am starting to gather positions of people to know what to do until then.

Are you a day trader? Why do you need to gather peoples positions to know what to do until then? Just hodl and forget about it.

Ha, ha, so true!  :)
Why I have the feeling that people just can't live without constant need for panic and disaster scenarios? And no one realy knows what will happen (if anything) on August 1, so far just unconfirmed information and speculatuin. Just relax people, please and stop spreading panic with no reason!

if btc gets the segwit right we might see a bull run on btc and alts from aug to the end of this year :D

If the price drops it will only be temporary, If that happens it will be an excellent buying opportunity.

I always laugh when people talk about a market decline, crash, end of Bitcoin and other, when none of these things are happening.
It works like this:
Bitcoin grows, breaking ATH and doubling its value in just a couple months, then it loses 10% in a correction. What is the result? Suddenly nobody can remember how much they earned, that it just gained 100%. All they see is that -10%.

Like I have always maintained, August 1 will come and go but we will still be standing tall and all the prophets of doom will be put to shame but this is backed by the level of confidence everyone is exhibiting at this day which is encouraging couple with the various news from other quarters and all these is only pointing to one direction which is that bitcoin is getting to grow independently and be neutral of any news that will shook some other alts to the basis.

I agree with your statement, this event only lasted 1 day on 1 August. The most important point of all of this, now all people throughout the world know bitcoin and use them as the easiest transaction in daily life

There are going to be many things happening between now and August 1, and after August 1, that will rock Bitcoin's price:

https://bitcoinmagazine.com/articles/countdown-segwit-these-are-dates-keep-eye/

SW2X testing is underway now and the results pro and con already making waves. Expect bigger shocks in late July, particularly if the anti-Segwit crowd has the strength to yank SW signaling under 80% when it counts. They could be shamming right now with the signaling being done for SW2X to encourage complacency.

Yes, all eyes will surely be in the crypto world come Aug 1. However, the day will just past by. It may impact the price, but what we should look is how the price could recovered. I believed that it will rise after everything has settled down. Casual investors will go back to bitcoin and will invest on it making the price of bitcoin to rise again after Aug 1.

This will definitely have an impact on bitcoin prices, everyone would expect nothing bad to happen with bitcoin. I'm still sure the implementation of segwit2x will have a good impact on bitcoins.

I am expecting more users to be active in that day i hope the bitcoin will not create a lot of traffic. I am still doubtful about of what will gonna happen at that day is it the bitcoin will going up or is it going to down for some correction or maybe it will still remain the same. Anyway August 1st is too far to be more excited about, there's a lot of things you can before that time will come.

Can't wait :O

A lot of speculation are on. Some are of the believe that the market value of Bitcoin will decline if eventually the break up take place. While some are of the believe that even though if the meeting turn out negative the effect on bitcoin price will just be temporal and that by September it will bounce back.

My grandfather had a saying that always stuck with me: "No one ever lost money taking a profit."
You might lose potential profit but that isn't a real thing. My original investment is long out. Several reinvestments later, also removed. But I have plenty of coin in play. Saved my skin when we collapsed last time as I had sold half at a $1000. Bought back at $500 and watched it drop to $250. Bought back in then too but getting nervous I was chasing a dead horse and then the bounce back. Smaller moves as we bounced up and down $100 like clockwork for awhile. Then the big jump. Sold half at a $1000. Stung when it hit $2000 and I sold half. Half again at $3000. Then the correction and back in some at $2500. Lost a lot of potential profit. Locked in a lot of real profit. If we do get a plunge I'll be buying in all the way down and selling half at each $1000. And sleeping like a baby.

If I "jest held" I'd have a fraction of what I have. Even if I chase myself to the ground or halve myself out on the way to the moon... no regrets, a nice retirement and a hell of a ride.

Not sure if Augst 1 is the most important date here as we will know whether or not Segwit is locked in by End of July.

August 1 is just a day that will come and pass just like any other day. I honestly do not know why a lot of people are panicking because of this date. Worst that would happen is for bitcoin''s value to drip hugely and I believe that isn't even the end of the world.  Which ever way the hard fork wants to take place, its after effect is what only tomorrow can tell.

:D Right. But we don't need to be sacred about the date. If it wouldn't be necessary "most crucial decision" wouldn't been taken, would it? I think it will bring only positive changes to all crypto-currency system.

Well the fact it self that thy eth has regain its price. If that happens to eth then obviously that would also happens to btc which of course has a greater value however that really scares me a lot still thinking of what would really happen

that is right we should not think about it. we do not need to think about 1st August. nothing is going to happen there. i am sure that the price of bitcoin will continue increasing and hope that it will reach to 5000$ very soon.

i do not even think that the price will fell down temporary. i am sure that even the 1st August is approaching but still the price of bitcoin will also continue increasing and is not going to fell down any more.

I'm not even scared of the incoming Segwit. Lets just wait for the results, LOL I think there will be good improvements in BTC transactions that benefits its user. I will still store my bitcoins in my wallet.

Right august 1 is near and many people are curious what will happen to the price if the price down or up. I hope segwit will not affect to the price because they have posiblity that bitcoin become 2 kinds the bitcoin and the bitcoin classic. I hope the price will not down and I hope the price will be stable so we can make a lot of money. I hope also the price as of now will not decrease. Dont be panic guyz hold your bitcoin.

august 3rd too. I am not afraid and I think it's also a positive change but what about the chain split issue saying bitcoin will be two? segwit is a troubleshooter for users who find the bitcoin transaction feels long and expensive.

I think the link that you paste is a scary news, I can not imagine if later it would be bitcoin will split into five types, this is a very chaotic situation. But I'll still wait until the end and still save the bitcoin and will avoid the transaction until everything gets better. Whether you will sell all or half of the bitcoin you have now?

Yup. If there is FUD in the market people will want to hang onto fiat. Without that FUD and with a better bitcoin we'll see that steady rise we had before yet again.

Keep calm and believe in bitcoin, which should be panic with circumstances like this are people who invest with a trading system with high leverage. Of course in this way we can get profit and profit many times, but also vice versa, we also can get big loss. For people who only invest in the index, where the bitcoin value does not change, but the price is changing, he will only wait for the price to rise again if the price is down.

This is actually at the back of our thinking since the idea of a coin split came up. There had been a precedent in the case of Ethereum so many of us can be assuming that the same thing and the same scenario would happen with Bitcoin once there can be a fork thing.

However, I still believe that there would no coin split as many Bitcoin leaders are not supporting such a move and that it is in the interest of the miners to preserve the current gains of Bitcoin. Allowing split is just like killing the very source of income they have.

We should tell these people to please do what can be the best for Bitcoin and the many small holders/users and not just think about their own selfish interest and concerns.

People have free will, they will do as they feel is right, if they see something isn't working for them while it's working fine for many others, they'll just stop using it.

This is simple, really not hard to understand, there are 2 groups in this community: 1- people that will slowly move on from Bitcoin because they can't use it to their benefits, these kinds of people will come as newbies forever nothing could be done about it, they'll come and stay for a while and then disappointment with a few thousands of shit posts around with some drama and end of story finish.

2-The people currently in this community and are here to stay no matter what happens, because it's more of a hobby than serious investment life & death situation, they have enough money to not get burned, even if they be left alone with 5% of their wealth still could live like kings and queens for the rest of their lives, fortunately these kinds of people will keep coming as newbies and will keep the system going.
Conclusion, Bitcoin will always stay a successful experiment.

As Aug 1 is getting near the splitting controversies have been getting bigger and the fear among the users have been increasing. This is just because of the unexpected thing and some advice too was provided through all the forum users to meet the situations without any negative impacts on the investment.

This is what will happen: https://youtu.be/XXSuxYBt0cM?t=161

Indeed now have a level of confusion that bitcoin is strong enough for its users. Because right now there are a few things that might be in the natural by all users of the bitcoin and also other cryptocurrency users. Because the bitcoin has plans to segwit and if that happens then it will have a few things that can give you some error or bad things in a short time. As I read, that the admin btt already provides some explanation. SO, enjoy it all alone is the best thing
 

I am very nervous.

yes August 1st is near and still there is confusion about the segwet. i am sure that there will be no such bad effect on the price of bitcoin by the segwet and hope that bitcoin will continue increase even before 1st August arrival.

We cant be sure if it wont really affect the price of bitcoin and yet we dont still have clue if it would be activated or there would be a split or not. Im liitle bit nervous on this event since i dont really like for bitcoin to be splitted but for the sake of improvement i would gradually accept it since we dont have no choice thats why i still secure my bitcoin on my wallet as of now.

Definitely keeping a keen eye on what's happening from now until Aug 1st

There is no need to panic and spread fear of this date, Bitcoin will stay as the most powerful and used crypto currency even if the price drop down for some time after the 1st August. Personally I don't think there is great things will really dropping down the bitcoin's price in the nearest future at least.

If the price is drop i will buy it