Bitcoin Forum

Right now we see a 10% pump of Bitcoin, anyone could explain me the reason? Isn't it going to dump this weekend?

Isn't it obvious? Where have you been for the last 3-4 months?

We are about to get segwit and this is the first time that we came so close. If we activate segwit, scaling debates will end for another 2-3 years. That's the reason.

At a minimum we *should* be OK until Nov/Dec when ChinaCoin/Ver/etc. might try to fork BTC again.  Still, I do not see their logic, they split BTC, everyone loses, everyone loses BIG, including them.

That also assumes SegWit implements OK and there a re no serious bugs.

Still, BTC just crossed $2500, up $150 since I woke up (visiting Europe).  Confidence is returning IMO.

BIP91, which is what will activate Segwit is over 80% of miner support in the current lock-in period and the price is increasing due to extreme confidence that finally a problem that has long plagued Bitcoin will be solved.
You can see the lock-in period chart here: https://www.xbt.eu/

but why right now, not yesterday or tomorrow? Any good news published?

This needs explaining? Really?

Dump what dump it's over now it's only going to rise and rise upwards and upwards. One of the simple reason that is the support for segwit has reached over 87%, then bitmain signalled his support to, so the spilt is all but over, and all those who were selling began to buy and now it's gonna shoot up and up. Let's all take one minute silence for all those who sold it to buy later, cause smart ones only accumulated and got rich, we are legends.

I think thats because the segwit2 will released tomorrow so there is a pump. If any dump issue, it should be happen on next week, and we hope that was the last dump on this month.

I think this is only a bounce.
We will go much lower than 1800$, maybe we See 1200$ in the next 4 weeks.
There are to much guys that made a lot of profits with the bitcoin and altcoin run.

i know 1st Aug event but curious what makes it pump RIGHT NOW, is there any good news published or good decision made for Bitcoin community?

Big block HF proposals have no support from the userbase. They are troll proposals. Blocksize increase will never happen. It may happen only If they take the risks of creating their own altcoin.


Why not? These things take time. They need to be discussed heavily. Everybody needs to get convinced... Consensus... Not every body can read the code and decide that it is good or bad. Even if they do, their decision may change in time.

We are less than half a day away from SegWit lock-in. The market is currently pricing in the change. To make some money you should buy now.

I agree. Lucky for all that hold it and not be subjected to any issues that is created to have a panic selling.

I think thats because the segwit2 will released tomorrow, the support for segwit has reached over 87%, then bitmain signalled his support toso there is a pumpv ;D ;D ;D

I think it is mostly because we see segwit activation, and we have seen even bigger pumps going on right now.
People who decided to book their profits already done that, because we have just seen 2500$ again. so we will see bigger and bigger rises now :) at least i hope

http://www.zerohedge.com/news/2017-07-20/bitcoin-surges-above-2500-following-goldmans-bullish-note-civil-war-ends

Yup! they are simply ready for the time the dump occur, that is why a pump was establish quick and I think that if the segwit has been activated there would be bigger pumps to get ready for, so hallelujah to that, because people are a bit scared with the impending split, they have gone ahead and ready that kind of pump or we haven't notice that there is someone secretly buying bitcoins.

People still interest on bitcoin although 1 Aug is getting near but I think it's a whale trader do such massive transaction in order to chill out the situation so I have felling that bitcoin will decrease again near 1 Aug

When every hard fork occurs there was certain price pumps happened as price chart history says. Due to price rise most of the people will be ready to the sell or exchange it alts due to upcoming dump but don't do that please. If you increase the supply then they will hold all those bitcoins according to my view.

We can see some light as of now that the possibility on avoiding that split since the support was high which means expected there would be pumps but I do have still doubts to join in since August 1 isn't there yet and there are still some things would happen for sure later on bitcoins price. For now I'm glad seeing the price have nearly recovered after that tremendous dip.

Well, they are also underestimating their support, like Mike Hearn did. They get so power hungry and lose perspective on the reality. Most people

only support them now, because they want a end to the scaling issues. They still want Bitcoin to succeed... not some Alt Coin/Hard fork, where

people like Jihan will be in control.  ::)

I am definitely not buying right now, well there are just other forum that have saying that there is someone or something that is secretly buying bitcoin but I am not saying that because of this bitcoin is pumping, but yeah many people right now are afraid of of the upcoming event and there are a few that are already ready for it and knows what they have to do, but it is definitely safer to just get all of your hold bitcoins if you don't have a secure storage for it we can not blame someone who is doing it.

im not buying either at the moment
i am sitting on the fence and waiting for all this come and go
if there are opportunities to be had hopefully I can jump into it.

for me it all a bit uncertain at the moment

The situation has not been more certain.

Segwit (Segregated Witness) being signaled among many miners. It seems like everyone is avoid a hardfork except for Jihan is going to make Bitcoincash (aka Chinacoin) - he's going to be the only one mining it. Not worth anything.

Bitcoin prices go up quite significantly, maybe some people are surprised because many people predict bitcoin will go down ahead of the announcement segwit on August 1, but that is not entirely true, now bitcoin prices rise, and hopefully will continue to rise whatever will happen on August 1, Keep your bitcoin, enjoy when prices go up

Exactl Thats is because segwit is about to come. Just be happy that it pump again even it was near to the segwit day and i hoped that this will continue until the end of the segwit. Be satisfied always on what you have and let bitcoin price rise for us.

I'm glad because bitcoin is back to the $ 2600 price and I'm sure the hardfork issue is a hoax, hopefully the price will soon reach $ 3000.

There's a lot of things that are influencing the value, such as the fork coming up in just a week and some days, which has been getting the required amount of signaling and is looking like it will be the fork being used, so that's pumping the value since there is now more confidence in the abilities of the mining community to do things that benefit the community as a whole. Fees should go down, there should be a smaller queue for transactions, it's good all around and people are happy.

True , fork will crash the bitcoin for Sure and there will chance Segwit handle that issue it is all about 12 hour game
by August 1st or July last lilke 27 - 28 issue might be hit then next 12 hour of fork we will find out the Value of BTC or BTU

I ask this question for the 55th time. WHAT FORK? Why do you post about stuff you obviously know shit about. What fork? Segwit2x support is currently just under 90% and once it gets locked in the rest of the blocks will be orphaned, receiving no fees so they ll all line up and go after SegWit2x.

What fork?

True, it hasn't been for quite some time already. I am not buying also and just wait until all of this passes by. I can't even bare to look at some trading sites and it's all because of this August 1 event.

We will never know the exact reason behind any pump or dump in bitcoin price because lots of factor can act at the same time to make any market move. The recent pump can be considered as quick recovery from correction and panic period.

This might be an ultimate bull trap

In other words, a mother of all bull traps. If tomorrow major mining pools (such as ViaBTC and Antpool) decide to revoke their signaling, we will likely see the biggest Bitcoin crash since the beginning of times both in terms of speed and value. So let's not get overly optimistic now before we actually get the lock-in. As it often happens with other markets (and I guess Bitcoin market is no exception here), such irrational exuberance, unjustified optimism, and elevated sentiment may in fact mean bad things right behind the corner. Let's hold back the euphoria and excitement at least till tomorrow

I wanna ask the same question. I can see Bitcoin is pumping now. But few day ago it was dump so low. So, Why Bitcoin pump again. what is the reason behind it?

Last week whales had caused panic since there werent a position from the miners from which road we would go, todays we are almost activating the bip 91 that will activate segwit soo this is the big reason the market is already reacting to those, since the most people wanted this to happen.

yes some miner has accepting how BIP91 confident to support the challenge

I seriously think that people are spamming this fork fud becasue they want to crash the price.

Do you remember bitcoin prices and other altcoins crashed 3-4 days ago? That helped whales to exploit middle-class's assets. Whales got more wealth by exploting us and they bought cheap coins during panic.

Frankly I don't care about the reason,  and there usually isn't a good one anyway.   Wish I had bought more when we were at $1900, I'll say that though.  More people are buying than selling--that's always the best explanation for a huge rise.  Confidence is coming back, that's good enough.

As some above have already written the decision of some miners to support segwit2x. You will see that the price is proportionate to BIP91 adoption.

The dump and the pump now seems to all be about segwit and usaf. Anyway bitcoin always seems to fix itself out of its problems and the long term trend is always clear, its an upwards one.

Do you have any evidence this is a pump? The price hovered around around the current price for weeks on end before the dip. Could this be an upward correction instead? You could be right, but nobody here can tell exactly what it is. There are too many players and factors in this game.

We could see fluctuations all the way up to Aug 1. Right now people are probably trying to get a good price for bitcoins so the price is rising. We'll probably see another drop before Aug 1 if there is a sell off.

Updated 19:20 GMT

#BIP91 blocks required: 26
#Blocks until period end: 41

Period ends in 5h 25m
BIP91 confirmed lock-in in 3h 57m

i think that this explains the pump. expect a bit dump sometime soon so everything is back to normal.

Any idea why they might want to try fork BTC? Is it because SegWit is just a temporary solution rather than a permanent one to most of BTC major issues?

Anyway didn't BBC just featured BTC on their main page and that might be part of the reason of the pump?

I gather you are new here.

Not just miners to support segwit2x we are also because this is huge role. In which bitcoin will be boost. Change the life of those people who are having bitcoins in there desktop wallets. Because it will go directly to $3000 after 1 August. So it is not just about miners support it is about those people support who completely know about bitcoin knowledge.

It’s really about all bitcoins’ supporters. The Segwit will work only when the majority is going to support no matter they are miners or just users. Bitcoins are obviously going to change the life of all who are having them in wallets. They have the real potential of making one rich within no time. I am sure prices will really touch 3k after Segwit.