Bitcoin Forum

So segwit will supposedly be activated this Fall right? This should mean blocks are no longer near full, transaction fees go back down to hopefully 10 cents or so, and sending bitcoin will go back to taking tens of minutes instead of hours.

What will all this do to the price?

Will this first step in scaling be the sign investors need to really start jumping in on Bitcoin? Will it be the sign the USA SEC needs to approve the Bitcoin ETF, allowing people to invest in bitcoin more easily?

Assuming bitcoin growth slows down this summer, will segwit create another boom this Fall like we've had this Spring, sending bitcoin possibly close to $10,000 by end of year?

Whatcha think?

Once Segwit locks in, money comes in immediately because direction forward is known. Im pro Segwit, but the main thing holding big money out if Bitcoin is uncertainty of direction. I think we have a good chance of seeing 5k before Segwit. Bunch of weird things will drive up price, including money moving off exchanges.

Im on segwit. But i think miners don't agree with that. They are greedy as hell. That's why segwit still not activated. This shoud be activated a long time ago. But they are blocking it by not voting for it. This time, they will be force to activate segwit because the problem is getting worse. High fees could kill bitcoin. And segwit i think is the only way.

Sending Bitcoin is and will still be instant. However I do agree we need fees like they used to be... We're yet to see if SegWit will provide such.


If price is the only thing you want to discuss, then it's maybe better to have this on the speculation section I think. Anyways, if what happened on other coins applies to Bitcoin, the price will go down, at least for a few days... Which is great as I'll be able to get cheap coins :)

Am  I the only one here that doesn't mind paying a little higher fees? I mean I wouldn't mind fees going back as they were.


Pretty much, we've had almost 100% rise in the price since two months ago and this price even exceeded my expectations. Of it continues like this, we might see unleast $4k before SegWit implementation.


well I understand them, and I believe most of us would b doing the same thing if we were in their position, so I don't blame them that much but the segwit implementation is inevitable.

Once segwit is locked in, the price will double faster than you can get money sent to an exchange...
Uncertainty is the enemy of all investments, take away the uncertainty and the whales will come back in, half the people that got bored and bought eth will come back to daddy ;)
If you are low on btc buy them now!

In  two weeks you will have to pay 5k+ if  you don't buy  now

without SegWit price is rising to the moon, currently we are close to $3000.
and the demand is strong.

now imagine when SegWit activates and all the things you said come true. no more large backlog, no more higher fees, and no more delays. first thing that will happen is that all the money that went into altcoins will come out with their bubbles bursting. second thing is people who were a bit uncertain will come back and invest. the previous growing demand is also there.

in short if price is not going to $3000 with SegWit it goes to $6000

Being optimistic very much eh? the reason price is increasing like never seen before is because of the banks blocking some of the major exchanges accounts and their clients accounts as well, I predict the price to drop when they solve their issues, and again price being on the move towards $3500/$4500 after segwit is activated.

I think if that will not have a lot of difference with litecoin. But if the segwt of bitcoin will be implmented and it will bring back the lost demand of bitcoin. i mean those are using the litecoin and doge will back for using bitcoin again.

what banks? and what exchanges? I haven't heard this theory before as a factor for the price increase of BTC. 

yeah thats because it isn't true. It was happening in China, but that got resolved recently. And it wasn't inflating the price, it was keeping it down. China started helping to push Bitcoin up again when China opening back up their exchanges for withdrawals.

i dont think it matters anymore, the important thing is the dev failed to happen in a timely manner.

In tech that is death. It has allowed ETH and some alts to take the crown or at least undercut the once though unassailable position of BTC

I think he was talking about Bitfinex. I'd say the issues are already fixed since the BTC price on finex is normal, when it was trading at a 100-200$ premium before.

Segwit will not activate - currently it isn't even close and the time remaining for activation is falling. UASF is unlikely to succeed and the miner proposal (if you read it) only proposes to increase to 2MB immediately with Segwit activation to follow at a later date (an undefined date - ie never). The miners have no interest in a scaling solution at this time, preferring small numbers of TXs with large fees to many txs with smaller fees

So why did the price started to rise and rise and rise soon after wells fargo or something blocked bitfinex accounts? or right now withdrawals are blocked in China? those are good factors of price increase in my opinion. But never the less even if people start dumping for fiat who ever buys from them if holds on to their coins price should recover fast.

i hadn't even heard of the bitfinix thing

Of course it gets activated!In one way or the other. BIP141, BIP148, BIP149, SegWit2x! So what the hell are you talking about??
One of those options will go through and we will have SegWit!
And when this is the case price will be easily around $5000!!

There is no certainty about whether segwit will ever activate but if it does for sure we will see at least a doubling of the bitcoin price. The only thing that could top this kind of news is an ETF approval in my opinion.

You sir are deluding yourself - none of these proposals are likely to achieve activation thresholds and it is soon becoming moot. Bitcoins importanace to crypto is falling, I don't think ETH is the answer the DAO experience will have scared businesses away from the idea of accepting ETH for payment, why would you when one man can declare your exchange invalid? But it is clear that other cryptocurrency can quite happily steal bitcoins cake.

Do more research and read more from the forum, there are many speculation that are very good and are not against to split because they surely know about Segwit or segregated witness, but if that is the case I think it is not a split that is gonna occur but it is more on Doubling the amount of bitcoin, but if it goes well I think all of us would surely benefit from it.

surely that all of us really wanted to benefits so whatever happens as long as the traders and investors gain from it for sure we will end the day happy and success, segwit will be a great help if those concerned will be resolve so its a win to win for bitcoiners.

Haha, I was referring to the exchange to fiat bank withdrawals comment. But yeah I don't think that is a reason why the price has been rallying. Segwit activating before aug 1st, now that is what needs to happen for trip to the moon.

Segwit will bring a huge surge in transactions due to the virtually zero confirmation time required to transact in secondary chains. This means that once it locks in I'm 90% sure we're going to skyrocket and never fall back again bcs the productivity of the bitcoin environment will rise sustaining huge trading/exchanging levels.

You read my mind, and I totally agree with you on this. And everyone would love to see bitcoin double up its price but there is also some downside to it. If it pumps it surely will dump after. And also I don't think the ETF approval is happening anytime soon.

Don't be so overtly optimistic that price after SegWit activation will double or triple. Better expect something totally opposite.
It is wise to thing that there will be mass price drop before SegWit will go live, there is rather high possibility of mass panic.
People will got scared that something will go wrong with this upgrade and they will dump their coins to be safe.

The price will double overnight once we have segwit and 2 MB BLOCKS..... You would  be crazy to dump any bitcoins when we are just weeks away

If there is a big block chain and a small block chain you will have a coin on both and you will be able to sell one and buy more of the other if you are quick

I'll be moving to the big blocks chain  myself with all the miners but there maybe some of you who prefer to stay on  a 1mb chain with Luke and that's fine too...

We all gets what we want....  ;D

If segwit is activated,then transactions would be confirmed very soon.Transaction fee would fall down as before.New companies and even retailers would start accepting bitcoin payment due to fast transactions.This would promote mass adoption of bitcoins and it would make bitcoin price to increase high.Even now itself,i am able to send my btc quickly for a transaction fee of 0.0004 btc which was previously 0.0007 btc before two weeks.

Yeah right since the people mindset if the price will be double is to sell since they actually get the profit they want for that time and maybe this will became the downside of btc and provably the price would get back to its natural level if there would be double up when august 1 cross up. But lets just forget this one since their are a lot of things for us needed to take care off and just enjoy the earnings we can get for today.

if SEGWIT is successful, the price will be doubled.
but if failed, the price back to $500.

Yeah but I don't think the price could be ascertained just like that even though segwits has its own advantages. 

Litecoin's prices dropped significantly after segwit was activated and I guess it was because of the weak network it has which barely handles like 4000 transactions. But who knows for real in the case of bitcoin, maybe people may panic sell bitcoin?

I am one of those people who are still worried about what happens when Segwit takes place. Maybe there are still many people in the world who ask how the end result of segwit. We may all become worried until later, a long time waiting for the reality on the 1st of August 2017. We can only wait until that happens actually.

Knowing Bitcoin, Segwit deployment will be anticlimatically uneventful, only for some unrelated drama to get unleashed a few weeks after when nobody expects it.

This is what I am thinking also we will all wake up Aug 2 and price will still be mid upper 2000s

I think the spam attacks are going to intensify after SegWit is activated, because people that lost the argument will be spiteful and will try to

prove a point. { showing that with SegWit it will still not be the solution for scaling } If this goes down to a hard fork, the other side will try to

sabotage the other chain to get people to shift to their side/chain. This is going to get nasty, because people hate to lose.  ???

Most expected thing in the bitcoin community will never give profit mostly. Even last year halving most of the expect bitcoin price on the halving day nothing moves it seems around 900$ alone.
When segwit actives on litecoin or segwit2x activates time nothing makes gives big difference in the price or adoption rate.

What makes the price double after segwit,is it because we could make transaction at a faster rate,remember we did not see any major changes after the activation of segwit in litecoin,so never assume that the price would double after that and forget about ETF,there was a time when the price would depend upon the approval of ETF,now things have changed .

It depends on what segwit gets activated...

Regular segwit with no hardfork drama = price goes to $5000-$10000 easily in the next 12 months.

Segwit2x with hardfork, a lot of fight, 2 coins and other drama = price tanks low, lower than I want even think about.

2 segwits, two outcomes.

There is still no clue about possible split after segwit activation however strong support growing around segwit2x might stop hardfork. If there will be no hardfork after segwit on august than there is nothing to worry about bitcoin's price.

I have read there will be more movement due to segwit and that will make price go down a bit at first, but then it will soar high as confidence builds. That is what I am personally hoping for.

Segwit is supposed to be the solution to scaling problems of bitcoin which we experienced the effects during those months when the mempool is being spammed. So if ever if becomes a successful solution, confidence will build up and will shoot the price up. Hopefully.

The implementation of segwit2x on bitcoin I think is something that should be applied to see this is a good step for transaction problems and become more secure, I'm sure after the implementation of this segwit2x succeed I think the price will increase again.

I am 99% sure that the prices are going to increase. But there is always a chance of a split occurring and the market cap declining as a result of that. The increasing prices of LTC is an indication that the latter option is still a possibility.

I think it can be increased but we will still experience of price down first before we will see the rise up again..
This is just my own speculation since there is no exact what will happen with bitcoin after segwit for me there are still possibility that the price could be decrease before we will see a huge price increase..  this is just the same even happen last year.

Hoping that the same effect will happen as we saw it gave LTC a very positive out come.

But who knows bitcoin is bitcoin and litecoin is litecoin they are still different but everyone is hoping to have good results.

Let's say $4,500 before and after Segwit.

my personal speculation is price will be increased first reason is clearer blocks should take effect because many bitcoin holders will transfer their funds to markets , also speculation for segwit is on mid august so its near mid end of the year probably it will rise capped on 3000+  ;D i just tryna be positive since i never had much profit for trading them  8)

If you are 99% that the price is going to increase and even with the split how can the market cap keeps on declining,what math is that buddy,if the price will increase the market cap will be increasing ,the price of litecoin is increasing now because of the high volumes from China. ;)

At this moment we are at a top I think. If the price increases It will be something I totally not expect, because I see a large correction as a way more plausible thing then another increase.

If segwit finally will be activated and hopefully works smoothly, bitcoin suppose to back like the old days when we pay low fees and faster confirmation time. After scaling solution successful, more investors will be join into bitcoin market and pump its price, maybe over $5000 in this year and could reach $10,000 in the next year but still USA SEC won't approve it due to volatile prices.

If segwit really activated, people will start attracted and back to bitcoin again, so it can drive the price go up, but to expect a bomb price is difficult, but for sure it will slowly going up, if there are a lot of people back to bitcoin it can open another opportunity for huge rise

If everything goes good. Bitcoin is likely to go up. But here are lots of people who are not very well aware with Segwit and are scared of August. Many people are likely to sell their bitcoin before August. This will lead to depreciation of price. But I believe that will live for short term. Bitcoin will again gain momentum after all the fuss in over and after a month of segwit activation. So, in long term its a win win situation.

But you should remember that Litecoin had a market cap of less than $1 billion at the time of SegWit implementation. On the other hand, the market cap of Bitcoin is around $40 billion now. Going from $40 billion to $60 billion is much harder than rising from $1 billion to $2 billion. But still, I expect the exchange rates to be in the $4,000 - $6,000 range by the end of August.

Actually LTC price was increased when segwit was about to be activated and there was quite bigger correction when segwit get activated. However within few weeks price have recovered and getting pumped right now.

So I am also expecting similar pattern in bitcoin.

Yeah, the LTC price during segwit activation was a picture book example of "Buy on the rumour, sell on the news". BTC will probably behave quite similarly, that's true.

You are.expecting too much. How much hype do you have to sell in order to reach that price in less than two months?  There may be hype just before the activation but I don't think it will be that high. And maybe after it, the price will correct to a lower price again, maybe just above the current price.

Yes I also believe this price will last long enough. Too many issues that exist today, because this news many investors who will re-think to invest in the world of cryptocurrency especially bitcoin. When bitcoin gets the issue down it will not work properly, including altcoins that may not be desirable. So keep trying to use bitcoin to increase trust that can give rise to bitcoin prices.

Right.


This will result to a tremendous increase on Bitcoin's price. Though I am uncertain of what will really happen, I am on the positive side. This will be a milestone for Bitcoin and investors will start pouring in. So there is no doubt about the Bitcoin price increase.


Yes.


Yes also.


Bitcoin will definitely slow down before segwit. This is due to some people selling coins because they are afraid of its end result. However, after the activation, about a week or so, we will see the tremendous growth I was saying earlier. 10K is a bit much, though.

You can't seriously compare both activations with each other. Litecoin is nothing more than an altcoin that drives on occasional hypes ~ it has been like that since the very beginning.

Add that there is barely any real Litecoin usage going on that would justify it to have SegWit activated. SegWit has been implemented mainly for testing purposes.

Bitcoin for real needs to have SegWit activated as it will allow Bitcoin to finally move forward and cope with the demand in a far better way. So no, it won't be the same as Litecoin at all.

Yeah I got curious too about this segwit and what would happens in the price of bitcoin after the segwit,
Just hope that it would make bitcoin transaction faster and lower fees and hope that the price would increase.

The number of transactions would certainly increase and hopefully, we could have some respite from transaction backlog. The question is whether this is too little, too late. This is certainly not a long-term solution.

What I believe is there will be a fall in price just after Segwit if happens but that would be for short term. After that bitcoin will grow like before or better because any of the blocksize solutions would allow bitcoin to continue growing. Growth is required for stability. A stable currency is a good store of value.

I don't understand why people think confirmations are the same as sending bitcoins. That's just the time it takes to have it confirmed that it's a valid transaction. You can only do that if the transaction already happened! So ya, payments are and always will be instant. Confirmations quicker really make no difference unless you're trying to buy coffee and they have a lot of people double spending on them.

not to mention if you want a 100% irreversible transaction then you need to worry about the number of confirmation not just having the confirmation. and that is what people usually forget when it comes to comparing bitcoin with other altcoins.
with bitcoin 1 confirmation means a very low chance of double spend happening which is nearly zero.
with altcoins that have <20 second blocks this number grows to a much bigger number of confirmation.

I would predict a short term with a healthy future growth until we reach the next scaling ceiling.

After segwit, I predict a short term drop in terms of price because some people may not like it being implemented so maybe they will dump their bitcoin stash. Later on it will go up again and the effect of the price drop if it were to happen will only last for few days or weeks. Considering some more users might enter bitcoin again if transactions get fast again, I expect that we would test 3000 $ price again.

The percentage of people who may get panic/dislikes will be in very insignificant numbers hence we cannot expect any dump as solving scalablity issue even for time being may boost bitcoin prices into new level like  $5000 price levels hopefully.

I am expecting $5000 in August and $10k in December, after scalabilty issues I am not seeing any big hurdles bitcoin may face hence we can expect prices start flying again.

The number of people liking and in favor of segwit will be far greater than the people disliking it, it would be safe to just neglect them in this price speculation. This community has been waiting for segwit for far long time now, I would be surprised to see if there is anything but a major rise in BTC after Segwit.

easily the price can and will double ,i think some of the eth money will come back into bitcoin if a scaling solution is presented and increased growth from institutional investors who have been staying on the sidelines to see what happens ..........

There will be a decline in bitcoin prices after segwit2x but only for a moment and then there is a rocket that has been prepared to go to the moon. I'm sure $4000 will be achieved or even maybe it could exceed that value, nobody knows for sure but I'm sure about it will come true.

Thing is, I'm pretty sure that that's what everyone's expecting by now... and Bitcoin rarely acts as expected.

If you study the forecasts of analysts, you can see that they all come true. But people do not always read analysts, but make the wrong conclusions themselves.
I think that the price of bitcoin after this event will drop and will be low 2-3 weeks. Then there will be a sharp recovery and growth

So, that would be the first half of August for the lower end? And more interesting : what will happen for the rest of July? Just keep going sideways or one more pump ?

i think everyone has their own prediction about the price of bitcoin and to me i think bitcoin will not drop any more and but will remain stable tell segwet and after that it will continue increasing.

I wouldn't bank on their being any dip at all, it could be already priced in and don't forget that if bitcoin splits into two chains, you need to have bought it before 1st August to own them both

This is added incentive for people to buy before so they can benefit from the big blocks chain and Luke's 1mb chain if it doesn't die immediately  :D

Yeah that dip to, what was it $2100? That is where segwit2x uncertainty was priced in. From here we HODL, then on August 2nd-10th when everything goes well we're going so much higher. Hopefully the infinite supply ponzi known as ETH will crash.

Segwit makes many people confused and panic. We all get the issue that there will be a drastic reduction in bitcoin prices and also there is a mention that there will be an increase. We all can only speculate what will happen, segwit make everyone become uncontrollable.

I believe Segwit can push the price upward.  Imagine the long problem of scaling is about to be solved.  Even though there are lots of FUD spreading around for the possible chain split, I believe this are only propaganda to make people sell their own Bitcoin stash at a cheaper price.  Though a Chain split means you will have Bitcoin in two chain if you happen to hold some before the fork.  This mean profit and then the main chain will definitely skyrocket in terms of price.

Confusion and panic of people about segwit2x make me curious about segwit2x and after I read the article that discussed segwit2x on bitcoin, I think it's natural people speculate themselves and it makes us have the plans and decisions we will take to sell or hold bitcoin before or after segwit2x.

Think things will calm down after segwit and current rally will be over. Near 2k

Of course it is natural, especially to those who are uncertain about the effect of the upcoming activation on August. This is the reason why we experience so much volatility lately. Some tend to sell their coins or shift to another boat. Segwit gives confusion especially to the non-technical users. But everything will end to what it is supposed to be which is upward.

Specialists are predicting that next scaling ceiling with SegWit2x is gonna happen after 16 years. So we have plenty of room to think of any alternatives.
As always we have no idea how the market will react to bitcoin upgrade, I expect that there might be pretty big disturbance before as many people will panic and sell off their positions.
After a successful upgrade, we will see rapid growth, hopefully, a new stable floor will be above $3000 and price won't ever go lower than that.

If indeed you are correct then there won't be a issue in the next 16 years. But people are really uncertain in this trying times that's why most of them are worrying. But if they look at it at the outside, if the problem is solved then why worry? And the price could really push to new ceiling. Maybe $3000 or more could be attainable in the next months following Aug 1. Those people who are afraid and confuse don't really know how bitcoin price reacts to uncertainty.

I still not understand one thing: When may the price of BTC be lowest? Before Aug 1st (because of the panic selling), or after Aug 1st?
This is the real question for me to invest, because I think in a long term the price of BTC will rise! I just dont know when we can buy BTC at a lower price than today, this event is an opportunity to buy!

For me, things will develop approximately this way, if we get Segwit (due to Segwit2x) in August:

- First there will be another leg in the bubble. I think the current high prices reflect this expectation: no one wants to sell still because the opportunities, if Segwit goes through, are higher than the possible losses if it fails. I can imagine it going to a level between 4000 and 5000.
- But we should not forget that the real "black swan event" is most likely the hard fork with a possible chain split that will take place in November. So the bubble/rally could rapidly finish in a crash of epic dimensions if there are signs for a profoundizing community split that most likely will result in a chain split.   


It depends on the evolution of the "Segwit2x story" - if it's pretty sure that it will be adopted, then August 1 will have no significance and most likely you will see higher prices after the last July week. In this case, you would have to wait until October to get low prices again.

But if Segwit2x is doomed to fail (e.g. because of Craig Wrights "Segwit blocking initiative", or because a large miner gets out of the agreement in the last moment) then the lowest prices are probably achieved _around_ August 1, in the phase of maximum uncertainty (when it's not clear if UASF will get some traction, or if Bitmain will release its "Bitmaincoin" ...).

I am agree with you that now the price of bitcoin is stable and it will be till the segwit and you are right that after the segwit the price of bitcoin will starting to goes upwards. To me I hope segwit will be very lucky for us and after segwit bitcoin will be very change our life with good way.

Nobody will be able to give a correct answer for that.
Maybe the price is the lowest right now?!
Fact is at the moment nobody is really willing to buy or to sell due to uncertainty of the coming SegWit activation.
I believe as soon as SegWit is locked in, we will continue moving up again. However I've got no idea how much and for how long, as a few months later we will be confronted with the next issure of a contentious hardfork.

Most likely it will, but I want bitcoin finally turned into currency for all of its parameters. Any currency must have a circulation in the economy. I want to not only collect coins but also free to purchase goods and earn money . I hope it someday happens.

Here is some very recent positive experience for an altcoin (ABY) price change after SegWit, a week after SegWit and CSV implementation on its test net (see that cited thread for details):

In my opinion segwit had good effect to cryto currency society, because segwit is result of increasing trends of bitcoin in the market. Therefore due to segwit more opportunity will opened to the investors even other users.

This question is very relevant right now, since Segwit is about to get activated in just a week's time.

I would really expect the price to not move this much, perhaps a $100-200 pump tops but no further movement apart from that. It probably won't go down that much either, if it was to go down which is unlikely in my opinion.

The reason why is because we basically all know now that segwit is going to get implement it. There is very little doubt. The pump has already happened when Segwit got locked in a week ago, and the upward trend is slowing down.

Unlike the 1st August events, the segwit activation is pretty much certain and i'd be surprised if it doesn't go smoothly.

i think it will go down a bit, just my crystal ball which is cryptofianciallyspeaking uneducated :-) but every time i think about a situation the opposite happens, don't know why

The price at the moment is above 4000 dollars I think it is being too optimistic to think that bitcoin is going to grow up to ten thousand dollars before the end of the year however segwit has liberated bitcoin somewhat and we are finally seeing a price of bitcoin more close to reality.