Bitcoin Forum

Will bcc bottom out price comes 1st after all the dumping or btc segwit activation comes 1st?

I believe these 2 above factors will decide how the btc market price will play out as 2 of these factors are opposite, one will increase the btc price while the other will decrease the btc price i guess.

What do you think?

I think segwit activation wont push the price to go down, i bealive the price will go higher and higher.

The segwit2x activation is done and as you can see, there is no effect on bitcoin price and it is still rising up and that is the proof that nothing can stop bitcoin from dominating the market and also for getting more people into it as well as the demand that keeps the price stable or even pump it up to a higher level.

BIP 141 is about 498 blocks from getting locked in. I guess that is going to take another 2.5 days. Let's see what is going to happen after that. But I doubt whether there will be any major effect on the exchange rates. Because the locking in was a foregone conclusion.

BCC or Bitcoin Cash I think will go down easily because the users are just getting them so they can sell it in exchangers, the only problem is there are still some issues because there are still some risks. As you can see the price chart of Bitcoin Cash now, it is going lower and more lower than ETH now.

I don't think it will get higher again above the price of ETH.

BCC price for now will only be affected by people who are dumping.
these people are having so many troubles in their journey to dump BCC:
1. not having access to an easy or trustable wallet to spend the BCC they own
2. not having an account or not wanting to use some of the BCC exchanges out there.
3. blocks are way too slow right now which makes the whole process very slow specially if the exchanges ask for a large number of confirmations.

and this process will take a long time. it won't be just 1 or 2 weeks. we will be stuck here for a while.
and meanwhile bitcoin has broken free of the naysayers and all the FUD and now is on the rise and will continue to do so.

Sorry i meant whales buying bcc at bottom out price that might put btc price dow.

Segwit2x is definitely happening in november? Also is segwit FUD like bitcoin cash?

Yes that is the official date in activation of Segwit in the Bitcoin core.
Nope

I thought segwit is being activated this month  ???

the factor that could play out the price was the support for SegWit which was about 25%-35% before and as the UASF gained traction and the threat of a split because of it became higher, price bottomed out.

now all of that is gone and ancient history. the SegWit support has gone up to 100% and that is literary everyone. and there is no reason for any more drop apart from corrections. and this will continue for at least 2 whole months.

Sure SegWit is activated in few days, and the 2x part in November. Both is only possible because of NYA agreement, also known as SegWit2x

https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77



I think it will take at least another week before Bitcoin Cash price bottom out from the initial sell outs.



I dont think thats the case. At least short term price movements are not much corelated between the two coins, thats my observation so far.