Bitcoin Forum

With the instability of the SegWit happening with which kind of fork, we saw bitcoins value drop a bit down 2k. As we are approaching the day of SegWit, I was expecting that the btc could indeed decrease a bit of his value, but it is increasing( that's great ). But why is it increasing ? people started to trust btc even after SegWit ?

It's because most people (unlike you) are happy that the SegWit and scaling problems will most likely be resolved without an actual fork.

Haven't you heard that BIP91 has already locked in? And its 268 blocks until rejecting non-SegWit blocks. So I guess this means that it will go through as plan. Which is effect cause the price to a spike in just 24 hours. The price is pushing to almost $2800 already. I'm sure you want the price to go low so that you can buy, but you have already missed the opportunity when the price is just below $1900.

The price fell all of a sudden and just because of the upcoming event the panic is found among the entire users. This has paved path for the selling of bitoin even when the price has been decreasing in a gradual manner. Right now the price pumping might be due to the impact of the upcoming month.

Maybe it is because on 21 July there is bip91 signalling to start so bitcoin price is pumped again. I do not understand what that means, but I'm very happy the bitcoin price is pumped again in the last week of July.

IMO i think when bitcoin price fell lots of people panicked whilst bitcoin was making news in the process and got more publicity around different media channels and sparked off the buying spree and that is how we have been led here and the eth wallet hacks could have contributed to the rise of BTC value.

this could be also another reason

I think the initial price drop was normal in bitcoin, unfortunately this coincided with the news and so it created panic. This in turn became a catalyst of further and faster price drop. There was nothing to worry about in the first place.

It was more about curiosity than buying it at a low price ! I hadn't heard about that so thank you for telling me that bunch of info ! I am glad that all might work out well, which means bitcoin will get more valuable now !

I am actually happy if that happens without an actual fork there ! Don't know where you saw that I wasn't happy about that !

it is rising because there is a lot of demand for bitcoin, and all of this demand has been waiting because they were uncertain, and that was only because of FUD and nothing else.

but when the reality was shown to them and they realized the FUD was pure bullshit they rushed to buy before they fall behind. and that meant a sharp rise that you saw and now are surprised about.

it is like a spring that you release after pressing it hard. it jumps up far.

The market sentiment was positive because we finally had the majority of the miners signalling for a change in the scaling

debate. A lot of investors are positive that SegWit might happen and they anticipate a huge increase in the price, if it does.

So you basically have to buy in now, to be part of the party when the price might soar in the near future. The countdown has

started and people are booking tickets for the ride to the Moon.  ;D

it goes down, they ask why, it goes up, they ask why again. just buy the damn thing already :D

take a look at the charts and see the swings, they all end up being a temporary bump on the road leading to the final rise. and then look at all the potential bitcoin has. it is still the same good ol' decentralized payment system with very limited supply.

I got an email yesterday morning from coinbase sayiing there may be a hard fork and if it happens they won't support the new coin so you better get your coins off to be safe. Also buying/selling will be closed on 7/31.
It's my guess that this email and possibly other similar messages from other exchanges prompted people to buy coins and get them off, reducing supply. Why they would do this with over a week to go doesn't make much sense, maybe they just felt the need to do it right away?

Because people are quite hopeful that the scaling is going to be a success (I do to). Bitcoin future is bright, and investors are happy. Futhermore, it is easier to go up from a down than from an up, and that is what is happening.

This is bitcoin, get used to the swings!  :D

I believe it was the announcement of some major exchange to not accept any bitcoin fork coin thus limiting people choice to accept the current update.  This shows how miners signal bip 91 and price of bitcoin goes up.  And now that we are in a lockdown for the upcoming update, I believe bitcoin will continue to increase in price.

How doesn't that make sense? I would be extemely pissed if they started to notify people a day or two before the first of August. More exchanges have released clear statements of what their actions will/might look like. It's a normal and even a necessity to notice people far before something is going to happen, especially in case of a potential chain split. People with a functioning brain will withdraw their Bitcoins at least a day prior to the first of August, where other lazy and mentally challenged people will leave their coins on-exchange.

well indeed it's 'most likely be resolved' because of that many people confident about it and the price surging,
miners might be voting for bip91,but it's not determined yet because who knows what will happen when the time comes ?

they might be voting it so they can get out from it ? ( bull trap maybe ?)
but i hope that thing doesn't happen in our real life instead it's only in my nightmare,

everything is possible in cryptoworld,but so far if we keep holdin it even if it's crashing we will see another ATH incoming year or so,
so nothing to lose for us longterm player

I had got this email too, but in this mail not see some warning about trade with USDT, although I heared if Bitcoin HardFork, USDT will HardFork too and you can't buy BTC when the price crashing or bloodbath on market

The 3 most important questions are, what will happen if all people will get their coins off(reducing supply), will the price crash down?

And what happens if there will be a soft fork or a hard fork, which one will most affect the current price?

If after 1. August (in the worst case scenario) a soft fork, a hard fork and BTC are on the screen,
better to split money fiat between hard fork, soft fork and BTC? Or would it be risky to buy one of the forks.. what would be wise?

I hope someone can explain.

There's always people who don't notice important events until long after they are over and done. I have known exchanges to make statements months in advance informing users to withdraw their coins because were closing, and yet there were still people who didn't withdraw before they closed.

If there is a chain split there will be people complaining their exchange won't split their coins for them despite the exchanges making statements about it months in advance. If the exchanges didn't make those statements early they would get even more people complaining.

Basically because its decided what will be the result this upcoming month unlike this past days people panicked about what should they do since price goes down and down.

yes, but this was a  increase/decrease phase related to SegWit, thhis created so much ruckus in bitcoin world !

Hopefully I had already stopped using coinbase because of their strict rules ! But if they so, maybe it is better to move them out to a safer wallet !

bitcoin value is rising now because panic selling are already stopped and that's a good thing because we can now see a $3000 barrier soon but let me remind you that august 1st is soon to come so better be ready and buy a hardware bitcoin wallet which is offline and you can hold it anytime. it is on a cheap price so much better if you spend a little bucks for the safety of your bitcoins.

You ask why the price is rising? Bitcoin is governed by scarcity. Only 21 million coins will ever be put in existence...
The value of one bitcoin has been increasing dramatically every year.

BIP91 has been locked-in and as a result, the SegWit will be activated within a few days of preparations. By signalling BIP91, the issue of having a "hard fork" will be avoided, thus, the "Bitcoin is going to split" drama is over. More  people are going back in to Bitcoin and as a result, you can see the charts. It seems that you were a little bit late on same news. However, if the SegWit activation did not have a smooth activation, we may encounter some minor fluctuations.

https://s2.postimg.org/ekybjx33d/steemitimages.jpg (https://postimg.org/image/9mat5dzad/)

While the bitcoin community continues to actively discuss the fixation of the proposal to improve the BIP 91 protocol, there was one more - in many ways unexpected - event: the mining pools Antpool and Bitcoin.com began to produce blocks with support for SegWit.

Congratulations to all the good news, bitcoin to the moon !

It's a damn shame that there are people not taking things seriously. In case of a potential chain split, the community, social media, and the crypto related news sources are literally flooded with articles, so how can one still not notice things? It's not that it's just 1 exchange stating that a certain coin gets delisted where people might not see or notice that statement -- the first of August is a huge/massive/mega thing if you look everywhere. If people don't act accordingly, they from my point of view lose all rights to complain.

When i look at the last couple of weeks i am certain the price is/was manipulated. But now it's hard to say where the price is going. Gaining 400 usd in a day is a lot, and with 1 week before the deadline it's hard to say what people are waiting for.

Bitcoin value increases after many got panic in the past few days due to spontaneous decrease in the value of btc.they sold their coins only to realize they got lost some of their earnings...demand on btc fluctuates from time to time..also maybe due to the upcoming august 1

Although that's how I view it, there will still be people complaining if there's a fork. In fact years later there will still be people coming out of the woodwork complaining. There are still people making fresh complaints about coins they left on a long bankrupt exchange. It took them years to even notice it went bankrupt.

i think it is because of the 1th August's  soft fork  people buying and hold waitting double their bitcoin

 ::) if really folk.

My guess is that either investors started buying up Bitcoins while the price dropped below $2000 and this increased demand that has continued, or the price is being pumped before a dump.

It's also possible that those people close to the SegWit situation know something the rest of us don't know, or they could be anticipating a huge price increase after the fork and are buying them up as a result.

My guess is different. I think people exited from pumped altcoins and ether because they found bicoin very cheap when it was under $2000 last week. And they started a movement on exchanges like waves moving among the investors. And we found ourselves in this position.

to mo i think only because of the interest of the people. i think in previous time there were expectation of the manipulating of the price of bitcoin but i think now it has become too much difficult because the users of bitcoin are continously increasing and therefore it is now becoming more difficult to manipulate the price of  bitcoin. i think the current increase in the price of bitcoin is only because of the interest of the people.

Maybe all this fall in price was just a way the whales wanted to make quick profit so they kept selling their coins until bitcoin fell this 1800 and after it reached to it's all time low they kept buying bitcoins and that can be the reason for a 1000$ increase in such a short period

Bitcoin price decreased last week due to FUD spread by big whales to promote panic hats why the price has started to increasselling to buy cheap bitcoins.I think by this time,big whales would have completed buying cheap bitcoins and thats why price has started to increase.Those who were confused whether to buy bitcoins or not have also started o buy bitcoins after seeing it recovering in price.Thats why the dramatic change.

Actually the dip was connected with the speculation of UASF which didn't has majority consensus and would had lead to chain split. Investors were scared of chain split because it would had created two coins with almost equal value and very less than what we have now. But as soon as Segwit2x got the majority and miners started implementing Segwit. The confusion got clear and now with no chain split investors are happily back to game.