Bitcoin Forum

this is keystand points from both psychological and value people definitely feel uneasy with segwitx2

It's already crumble,because of the incoming august 1 there will be panic selling by the weak hands
But this is temporary,after segwit done,the price will rise again even though it will be a long way to reach 3k wall again

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My *guess* is that it all depends on how the August 1 implementation goes.  We may get hints of that if there is big movement (up or down) within two - three days of that date.

I believe that so much money is at stake that the major players (all likely to have a lot of BTC or otherwise invested in the system) will find a way to get something good or at least acceptable) by then.  Of course big egos and stupid behavior by "Intelligent But Idiots" have caused much pain for humanity in the past, it could happen to Bitcoin too.

But, I believe an acceptable deal will be worked out.  But, hell, I don't know.  Any buying below $2000 seems good, but risky.  If I get the chance to buy at such low prices by the time we are back in a city, I will buy with half the cash I have on hand.

It wasn't really a wall in the true sense. True, $2000 is a round number and has a lot of psychological value. But, the real support levels are around $1,600. I don't think we will go that low in the current downtrend though.

There is no any wall at 2k so price can swing around that price till activation of segwit on august, the end price will depend on how well the implementation will go on 1st week of august. All other predictions/speculations are just a guess right now, nobody actually knows what will happen on that day.

maybe for the uninformed it is!
but in reality the "wall" is nothing compared to the total trading volume of each day on each exchanges. it is actually laughable when you think about it.
also it is all the misinformation about SegWit, SegWit2x, UASF,... that is making people doubt stuff. but facts are SegWit currently has a total support of over 90% and with nodes on the ready for months if the miners lock_in SegWit then it will be simply activated on that date! and the support is already high!

maybe people are more interested in "ifs" rather than "facts"

i am predicting that the price will down less than $ 1,6xx too. but i hope the price is not down for more than $1,5xx as if we analyze and compare from the price last year, its hard to down in under $1,xxx again but its still possible. i think if people still panic, it will triggered the price to down too fast.

Sadly, that is true. Had it been a normal day, I am sure that Bitcoin will resist that 2k level. Because of the coming August 1, no big volume of buyers are snapping a weakening Bitcoin making the slide to continue. The revenge will come after August 1, that is something am sure of. We just have to weather the storm and take some covers not to get wet from the rain.

Well I was predicting or presuming that would happen right now its a hold and wait position that is best
Taking paper losses now might be a bad idea in the long run as its hard to determine what the sentiment will be when Segwit2x executes and we could see significant movement.