Bitcoin Forum

Bitcoin Price is Likely to Surpass $3,000 After SegWit Activation: Opinion
https://cointelegraph.com/news/bitcoin-price-is-likely-to-surpass-3000-after-segwit-activation-opinion


One of the points made in the article is that Bitcoin Cash is being considered by all of the major players as just another altcoin. Does anyone agree with this?

Personally I considered Bitcoin Cash as just another altcoin. It perfectly fits what a altcoin is:

An altcoin is any digital cryptocurrency similar to Bitcoin. The term is said to stand for “alternative to Bitcoin” and is used describe any cryptocurrency that is not a Bitcoin.

http://whatis.techtarget.com/definition/altcoin

So no argument about BCC.

And looking at the current price, it could very well surpass $3000. But again, can we sustain it? $3000 is really a mental barrier for traders that seeing the bitcoin has reach this price, they quickly push the sell button. We may experience a few dips after Aug 1 though but I think bitcoin will immediately rebound and even touch again $3000. I really hope the price could at least be sustain so that we can expect a really good run coming at the end of the year. So just continue to hodl.

It is a no brainer. A lot of FUD has been spread around, and that is the reason why BTC is yet to cross the $3,000 per coin mark. But once the August 1 events unfolds without any negative consequences, this FUD will stop and the institutional investors will once again start pumping their money in to BTC. I expect BTC to be priced at $5,000+ per coin by the end of this year.

I expect that Bitcoin will soon be going into the $5,000 level maybe before the year ends if there would be another dramatic event to take place in the same magnitude of what we have seen in recent weeks. FUD has indeed took a big tool on Bitcoin and though most of these speculations were really unfounded people have equally reacted and those reactions reflected in the market.

Now, that we are almost over with all of these unnecessary dramatic moves then Bitcoin has already slowly move into where it should be...to the moon (just kidding but it could really be possible!). The recent announcement that there would be the fork and the split resulting into the birth of Bitcoin Cash (BCH) did not deter the value of bitcoin and in my view it even help because the market is now viewing BCH as just another altcoin.

However, it is not good to wish that BCH can go down because there can be space for BCF actually in the sea of cryptocurrencies we have around. Let BCH takes its place...who knows it can also be valuable then those who can receive their free BCH would be ecstatic.

very likely to surpass 3.000$ but not before mid August when it is all sorted out
BCC could draw some of the hashing power away from BTC,dropping the difficulty
there should not be much of an influence otherwise,some call it Litecoin killer,so
even the believers do not consider it as a real bitcoin alternative,al lof the hopes "lets show the world how Satoshi wanted it to be"
are most likely be bogged down in glitches and bugs and Bitcoin cash will die a Bitcoin Classic's death
but not today,cause I want to sell my tokens first

By definition, BCC will be an altcoin. Just as ETH would always have been an alt even if it were ever to displace BTC in whatever aspect. More importantly, few people in the minority sphere (where I live in SE Asia) won't even consider BCC as useful. Exchanges deem it unworthy of being listed at any exchange. Even if in theory, all BTC exchanges will have more than enough BCC to shoot off a side-business.

It's not so much what's said against BCC that is telling but the silence.

Yes, this is quite expected actually by the market that is why even before August 1 there is already a rise in the value of Bitcoin as some are already buying more of the cryptocurrency as they also want to have free BitcoinCash (BCH) in the wallets that are supporting BCH.

Bitcoin will finally reach the sky soon after this phase of the SegWit saga can be over. We will be seeing how the market would react come November when new technical changes need to takes place.

After dipping early following the August 1 deadline, Bitcoin cash seems to have leveled out for now. Though this original article was only 2+ weeks ago, it's amazing how quickly the Bitcoin market cap has grown.