Bitcoin Forum

What will happen after SEGWIT?

None were sure about the reality. Lots of hypes as well panic is going around the entire network. I have never concerned about it, let it happen and simultaneously things will come to effect. I just focus on holding my asst in the form of bitcoin for a better profiting as growth continues even if something bad happens on segwit.

No one really knows what will happen. There's a lot of fear, panic and speculation. The safest thing to do is to take your bitcoins offline while awaiting to see what will happen. But does that mean that I should trade in all my alt coins for BTC and withdraw everything to my offline wallet now? I'm not sure to be honest,

It depends on the situation I guess, and which proposal gets activated. In current circumstances it's very likely that we'll be experiencing an activation of the Segwit2x proposal, which has to happen before the 1st of August. If that doesn't come through for whatever reason, we'll be heading towards the UASF, which in this case might cause certain miners to fork off and follow their own route. I must however note that signalling for BIP141 is increasing, and has reached probably it's highest ever support level (currently 59%). Definitely an interesting development.

The next step after Segwit is smart contracts and the lightning network. If you're talking about price wise no one knows, but my best guess is it will continue with adoption and gradual price growth.

Now, how Segwit is activated depends on the BIP that is implemented.

If BIP 141 gets activated, then Segwit gets implemented and the above would happen.

If BIP 148/UASF gets activated, then Segwit gets implemented by ignoring all non Segwit mined blocks after its timed activation date on August 1st. After this I'd think there will be some kind of separation between miners and users, and a price drop following. after a while, the above would happen.

If Segwit2x gets activated, then Segwit gets implemented normally but with the stipulation that 90 days after activation there will be a Hardfork to increase block size to 2mb. No one really knows what will happen after but some speculate there will be a battle between 2 existing Bitcoins.

I heard after the segwit the transaction will become faster, so for bitcoin the price will go up and there will be more people using it, if the transaction already fast, but some people pessimistic about segwit, so we can only wait and see how will be the result

There is so many speculation about what happen after segwit. Some people tell us about the deeply down of bitcoin price, and also some people optimistic with the climbing price after the segwit. I don't want to trust any of them since I don't really know what segwit really is. I only make my self comfortable with any news about bitcoin price and just hold my btc. Yes, hold it until this noise faded, no matter what will happen, is it rise or down. One thing that I know is, it never lose to keep.

Faster in what way? Faster in terms of transaction speed? I doubt it will add any significant change as transactions post almost instantly already. If you're referring to confirmations, then it's not really a matter of getting faster confirmations, but more that with the larger blocks that SegWit will be operating, more transactions can fit into a block, and thus will allow to process/settle more transactions than is the case right now.

I'm still not convinced SEGWIT will kick in - any time it seems like a scaling solution is coming something always seems to come up to stop it happening.

I'm cautiously optimistic things will be different this time.  I think the compromise of SEGWIT followed by a block size increase offers something to most parties, and I'm hoping when/if all that locks in BTC will see another price surge.

There are speculations that the market value of Bitcoin will increase after 1st August but in some other quarters some are saying the market value of Bitcoin will decline if 1st August meeting go against bitcoin.  But all the same, if the outcome is against bitcoin with time the market value of Bitcoin will still increase and if it comes out in favor all is for good. Am optimistic that the market value of Bitcoin will increase more than the current value after 1st August meeting.

As many of us don't know what will happen after segwit..

One question raised in my mind,
Does my bitcoin safe in hot wallets and exchanges before/after segwit?

In general, if Segwit happens to activate and a chain split for whatever reason becomes reality, the far majority of exchanges and services will show full support for Segwit, and thus discard the altcoin chain. So yes, your coins are safe in most cases. In order to be exactly sure how the exchanges and services you are using will act in these circumstances, best will be to contact them if they haven't already released a statement regarding this matter. The worst that can happen if you leave your coins elsewhere, is that you'll likely miss out on the altcoin in case of a chain split, but that shouldn't really bother you.

we can hope so i am sure that there will be no such bad effect on the price of bitcoin. on 1st August and bitcoin price will continue increasing very softly and regularly.

Read this and you will understand what is segwit and how it works.
https://bitcoincore.org/en/2016/01/26/segwit-benefits/

Segwit gives a lot of benefit to the bitcoin in the on or off chain development. Segwit also increasing the blocksize of the bitcoin to the 2MB as far as I know that makes the block can process the more transaction. Or the block can validate the more transaction in every second.

That was a good information that can happen but no one know what will accurately happen of that day its just some rumors about bitc transaction effects and fees . I only know is to hold my bitcoins and wait for that segwit .maybe its a good or a bad thing that can happen.

Your decision make show you are a peron not care with your money. Don't use your money to try a ways not know result will happens good or bad, it look like as gamble and you can loss big money for do that

it must happen to be a flash crash, but after crash, the price will reach on $5000

no, there is no reason for a "must flash crash" and there never will be.
i am afraid the opportunity to buy cheap coins below certain prices like below $2100 is no longer going to come to us. we are not so lucky any more.

Indeed my friend, it's not the time getting afraid about the SEGWIT and loose assets because of it. Even BIP148 and SEGwit getting into effect will split the bitcoin but they won't effect to price I guess. So I don't think we have to worry about this situation. I'm completely free to face this.

yes that is very right we do not need to afraid from SEGWIT.  that is noting is going against bitcoin price. i am sure that bitcoin price will boost again after 1st August and currently the bitcoin investors are not letting bitcoin down they are holding bitcoin and therefore the price of bitcoin is too much stable.

I think we will still experience downfall after segwit activation  but it doesn't mean the price of bitcoin will never increase back again or increase its value more..
So i think the price of bitcoin can be increase more after the price fall just the event last year. .

I don't think much of a shift will happen, maybe a small drop but I think it will just continually increase as it has in the past year, as far as I can tell segwit only looks good for long term outlook of bitcoin so I can't see it being negative.

There is no exact what will happen after segwit but the only thing that i think bitcoin can be more active than before and the price will be still depends in demand and supply segwit is just a feature added that 80% miners agree about segwit.. that i think it can help a lot.. so i think better to wait for the result and the best that you can do right now is to monitor the price of bitcoin because anytme after segwit activaton bitcoin can be fall or better to buy more bitcoin and  i think you can make more profit once the price will increase more value..

I'm hoping for a decent dip after August 1. to get some cheap coins. So I've put buying btc on hold for now and just watch the charts, might consider doing some more buy ins before  if price drops to ~2100$ - 2300$ range, But I'll definitely keep some liquidity in case of a dramatic price drop after August 1.

Nothing is certain after Segwit activation. It can affect crypto currency neither positively nor negatively. However in my opinion, price of bitcoin/altcoins would more likely to increase as segwit has been implimented.

I believe that after segwit bitcoin will increase more in value as well as other altcoins, we must hope for the best.

Probably a dump

Then Dash will come and take the throne. There are 13 Dash ATMs in the states now and Evolution is around the corner and no one gives a single hot shit about the alleged instamine.

Dash has been hyped up so much, that if you look at the actual usage that it experiences, it's quite a disappointment. It doesn't justify any ATM's to be set up.

Also, if you don't give a damn about the insane level of instamine, you're 100% delusional. It shows how idiotic people are when it comes to altcoins ~ greed has a far higher priority than anything else.

Nothing as a major change is going to occur after segwit. Price of bitcoin will keep going high and it will keep rising to its success.

Segwit is more like an improvement not a threat. To keep up with the market and online bitcoin businesses improvements are important to make. Some people are making false speculation to make beginners afraid of segwit and all other improvements like this.

Yes, you have to take precautions to keep your bitcoins safe but those are not very hard to take and are easy to understand. So the final answer can simply be that things will keep on going as they are right now.

thanks for the link ill check it out
but i really hope after the segwit  it will go for the better

In the end I think that's what can happen,all the reflectors will be pointing to that day,which will undoubtedly set a precedent and will clear many doubts about scalability of BTC,that a positive result will reinforce confidence, especially in those who in some way or another have been doubting before,and above all referring to the limitations that to a great extent are due to the disagreement of the community rather than technical challenges.

Definitely go down, maybe not right after the segment. Why do I think so? Open the weekly chart and realize that for very large growth we need a very large drop.

LOL. How will Dash take the throne? Ethereum has attempted very aggressively to topple bitcoin as the no. 1 cryptocurrency and the so called "flippening" didn't happen. And how do you think that Dash will do then?

As I have said, We don't know what's gonna happen in Aug 1 and the days to come after that. But rest assured that bitcoin will improve a lot and we might see a big boost in price after the dust has settled. I really don't understand why people are starting to dump bitcoins now. Perhaps the uncertainty of the date really worries a lot. The only option is to secure your coins and hold and once everything is ok we are gonna see the price going to the moon at the end of the year.

Segwith activation is good for bitcoin but the panic is creating is too high. August 1st will come and go and the bitcoin markets will remain therefore let reduced this panic by seeing August in the light of positive out come rather than see it as dividing the network. There will be hardfork issues but those issues has been there from the beginning.

Thats the well defined summary of this question. Everyone is spreading Rumors, fear, panic and now one knows what exactly going to happen. A friend of mine told me bitcoin will be down to $1000 on August 1 and i asked him what is the difference between hard and soft fork and he did now know.  ;D

People are just speculating without even having the basic knowledge.

Everyone is panicked at the moment. They do not know what will happen later, many speculations are popping up. Segwit will determine how bitcoin will grow in the future. If Segwit's results are satisfactory then bitcoin could be better.  The most desirable is the fast delivery time of bitcoin transactions.

People do panic if we don't know what the future holds specially bitcoin price. Just look at today's price, it is still early but the FUD that spread here creates panic for some making them sold of their bitcoin today. IF Segwit2x implementation will be successful, then definitely the price will grow and we may hit another ATH. So better not believed what you are reading specially the uncertainty and fear and worries of most members here specially newbies. Just hold.

There will be definitely a drop but after the Segwit it will get back and shoot to the moon. More than 80% is in support of Segwit so I guess the community is behind the decision and it will be successful. Hopefully, it will solve the problems which we are facing right now and that will bring more people into crypto world.

One is certain, SegWit won't fail and destroy bitcoin, just take a look at Litecoin example - LTC was practically buried alive and stagnant for long period of time.
SegWit activation raised it from the limbo and from forever stable price of ~$4 Litecoin surged to ~$50 in 2 months.
So know just imagine what SegWit can do for bitcoin, if everything will go according to the plan we should have stable $4000 after the upgrade.

Well, that's not entirely true since you're referring to SegWit2X. That proposal has the support of the major part of the miners, but not so much in terms of the community and services within the Bitcoin eco system. The community and the core developers stand firm behind the original proposal (BIP141), but due to the fact that miners are blocking activation, things need to be done in a different way, which is often referred to as the UASF. Again, this is something miners aren't willing to support, but in this case there is not much that they can do to block it. ;D

Segwit is positive and NEEDED. So long term no problems only positives. Short term There could be a dump as there is lots of speculation about it and people might go to other assets during the process. If that happens a week hand dump might follow. Lots of "new" money in BTC this year that could panic.

I was also curious about it what would be it's effect in bitcoin,
Thanks for the information it really helps a lot really excited for it.

July 21 is the starting date that those miners who agreed on segwit will activate right? If segwit starts then bitcoin will pump and hopefully most altcoins won't get affected much. If segwit fails to activate then split is possible? Just like what happened early this year during the BU crisis altcoins went sky rocketing.

As the Bitcoin userbase expands, validating the entire blockchain naturally becomes more expensive.

Of course it does. But then two things can happen if BTC continues to thrive. either BTC solves this scalability problem and its possible for a mass adoption and usage as a real currency for comercial transactions or it doesnt and it come become more of a store of value asset where less transactions will be needed.

I think the price is 1 BTC = lamborghini price. ha ha  ;D :D :D [JK]
Which I know after segwit the price of the coin will rise.
follow this link for more information :
https://www.cryptocompare.com/coins/guides/what-is-segwit/

Most of us awaited eagerly for segwit to be activated from long time.I hope that after segwit,due to increase in block size,transaction fee would once again become very low and transactions would be confirmed very quickly.So more people would start using bitcoins and as a result of it,bitcoin price would increase.

I think the recent price dip reflects uncertainty - maybe FUD based, I certainly can't tell who is talking cr*p - about whether we will have an ugly fork or not in the near future.

Personally hoping everything goes smoothly and SEGWIT goes through.

I definitely no idea what happen after segwit, but I believe that bitcoin were gonna be strong to hold their position in the market. However I was scared to the fluctuation of this price, but I believe that there's company who accept bitcoin and change segwit position.

Yes no one can predict what will happen after the segwit (august 1). All bitcoin user havr own opinion and moves to secure their bitcoin. They transfer to their offline wallet  to make sure that bitcoin can't get a problem to other currency or in different transactions. Other are selling their bitcoin to make sure also that they have income in their hard working. But when I observe the history of bitcoin there's no reason to fall the bitcoin, this time it slowly become popular and maybe it the reason why bitcoin have a news like this.

With this concept it is very easy to understand that what is going to happen after Segwit.
Many of the users are freaked of the segwit thinking of something bad is gonna happen to the bitcoin. Maybe many of the people don’t understand what the segwit is meant to.

I hope many people will get attracted toward the bitcoin after it and this will strengthen the bitcoin more even.

The purpose of the activation segwit is to makes bitcoin's scaling problem to be fixed
and makes bitcoins transaction without fees sending,
but actually there are no guarantee for it, because there are some people who make prediction
that this way will be fail, the impact on bitcoins before segwit be activated now is bitcoin's price is down trend.

That's right, but we still don't know what's gonna happen aftet segwit. We know we have two or three options but this uncertainty creates worries among the investors.

I really expect harsh price fluctuations in the rest of the time until segwit.

The more pertinent question is - what will happen when it's 2mb fork time?

That's the only reason many of the Chinese miners agreed to run Segwit.

A hard fork is a much, much bigger deal. I dunno how it's going to go down. It's rather irritating that the drama has only been postponed.

once segwit happened everything goes fine but Next year or after 2 year it will happened again

it is a real a high uncertainty,
I am glad that many people told that split is not possible after BIP,... it is good.
If split is happened then I am not surprised if BTC doomed.

In fact, Japan had accept Bitcoin as payment system in their country and not need pay fee tax, but the people in their country still not like using Bitcoin for shopping outside. Because Bitcoin need more time to confirm a transaction and fees send not cheap. So, after have the news Japan accept Bitcoin but the price of Bitcoin still down, but when have good news about SegWit2x and BIP91, Bitcoin had recovery very fast and breakdown in past week

Some believe that hard fork could happen and result of which bitcoin price could crash.So they get panic and sell their bitcoins.But no one knew exactly what would happen whether a hard fork would happen or bitcoin price would skyrocket.Lets just wait and see.

we will have new baby coin named as bitcoin unlimited or bitcoin cash. and if you have 10 bitcoin you will have 10 or 9 bitcoin unlimit or bitcoin cash.

That’s cute though, the concept of baby bitcoins and by the way, that’s true. All those who remained loyal to bitcoins when they were experiencing downfall are going to have grand profit in the shape of baby bitcoins. I would like to suggest all not to give up on bitcoins under any harsh circumstances.

For those who have invested in bitcoin for a long time there is no problem. They will just wait a few years until the price reaches a very high level. And those who bought a coin recently may be in the long run in a drawdown

Quite a number of things are missing out in above assumptions. One is that what got started on July 21st was segwit2x, which is a precursor for a hard fork 3 months later. Another is that the segwit that entails only a soft fork, which is what the UASF guys stand for is the event that is billed for August 1st. A split is in the air, because their is no consensus among the various interests. 

Just simple,BCC supporters will get disappointed and once again all BTC holders will regain happiness as bitcoin would continue to exist.Even they would get double happiness as BTC priice would be skyrocketing making them rich.Technically,transaction fee would get much reduced and they would be confirmed very quickly.It was the change which most of bitcoin supporters awaited eagerly for months for segwit to be activated and finally the day has come and the dream is going to be true.

 Sorry, but BTC is ready to drop tomorrow.
My advice is to sell your BTC for altcoin or USD.
When BTC drops to $1400 tomorrow it's time to buy!

And your basis for saying that? I guess none. When issues like this happen and suggestions are made, the best is to support it with facts as to why the position you are taking and with that, we reason along your line. Whether it comes to pass or not will be another separate discussion but just dumping this on us will mean saying we all dont know how to think and make conclusions.

We shall see pretty soon! :D

Obviously you're going to hold.
GL tomorrow.

Current price action= BTC struggling to break resistance @ 2755

i think same volume after crash btc a little go down and than fly . ~5k$ so we will be hold on our hands all btc or bcc which one is the best .

Are you sure about bitcoin dropping? Or you already consider it without any proofs? Is segwit2x will surely implemented tomorrow guys? Are their vote for segwit done? I have many questions in my mind that worries me a lot if bitcoin drops! But then I am really positive on it that still bitcoin will not decrease rather it will increase. I am hoping for that, I am really hoping that there will be a sharp price increase. I trust it.

Dropping price of bitcoin is possible but I think it's a little bit declining, also in my opinion I believe that there's nothing change in bitcoin industry after segwit that's why I was continuously hold and trust in bitcoin.

Dropping how could it drop? when many big companies stated that they will support the real btc and although there's a BCC that is threatening the btc status but still you can see the huge support of the real one, Just think that this situation will be the same as the ETH and the etc, and so bcc will just be an altcoin but never can defeat the real one who's still standing strong.

I believe the whole infrastructure needs to be built around segwit and customers/users need to get use to it and the market will decide if it will work (I have a strong belief in it).

But I dont think it will be like turning a switch and suddenly the price jump high. I think it's a long term benefit and we will see loads of new application out there.

I am not sure,... but I am expecting a happy ending.
BTC is our backbone, it will destroy almost everything if something is going wrong with BTC upgrade.

No chance for big mistake, it should be a happy ending.

Yes, I also aim for a happy ending for BTC on August 1. More interesting and a bit harder to predict will be a possible hardfork in November. But BTC is strong and stable. It is accepted on many places all over the world, so I see a very good future for Bitcoin.

If the segwit will completed successfully the price will surely increase. I'm a trader sir, it is proven already. When Digibyte is segwited there are many traders are saying that it will pump to the moon but I will not follow them because I don't trust them. But I didn't know the other happenings after segwit completed, I know that there is a good news for us.

I think nothing will happen after SEGWIT aside from having an automatic free coin which is BCC. Other than that I dont think there is much happening and hopefully everything else will be back to what it was before the hype.

I just saw it at $2811?

Ninja edit: Back to $2763 lol

This is what i saw on current situation. Theres nothing to panic or join with the hype since this is just a simple split-up of bitcoin. I cant see a reason for price to dump or even pump but still possibilities would really be there anytime. Tomorrow is the day on which all people are waiting for and we would able to see it for ourselves regarding on our speculations.

- This is something I and a lot of people want to know. Currently the market is in a state of panic, many rumors are that the price of bitcoin will fall and the market will have the appearance of bcc, and many people are saying bcc is a trap and a stupid thought of miners, summary is that there are many opinions on this issue. Personally, I still believe in a successful segwit, fork will not appear

Segwit is being implemented through Segwit2x and locked in period is going on at present. Bitcoin would split into two blockchains tomorrow, one who is supporting Segwit 2x and the other who are supporting BCC fork. BCC fork is scheduled tomorrow which is the one chain. Segwit2x is the other chain with 93%+ support. The 2mb hardfork will take place most probably in November. At that time if there is 100% miner support there wouldn't be any split otherwise the ones who are not supporting hardfork will form another coin and thus split will take place.

Well, the deathline very nearest and we just need waiting 24 hours for checking our predict in recently right or wrong. But I hope after all the price of crypto on market can recovery in September or until last year 2017.

I am very optimistic that the outcome will be positive and  segwith activation will be successful and bitcoin price is going to pump up.  First August is here and the political part of bitcoin will definitely not going to have their way off bringing bitcoin down. I will keep on hold my bitcoin for better days ahead.

Already theymos have confirmed after the implementation of BIP91, those segwit activation will become as a non-event. It means we are not going to face any hassles but we will get scalabilty issue to be solved.

If this is the case to be happening in real tomorrow, then we can see new investors will be rushing into bitcoin and existing people also will be investing more from the level they could. These will definitely take bitcoin into new heights.

I believe the same. The prices are going to recover rather increase manifolds after the implementation of the Segwit. Especially the bitcoins have the maximum chances of taking ride to the moon and the other coins are also going to follow them. The closing years of the 2017 will be lucky ones for the crypto traders.

Look at BTC prices now! very impressive. I think the price will be more expensive after the fork is done.

Can't confirm the trend of Bitcoin in current, still have some risk if the price of Bitcoin at final time breakdown and creating panic. But if this situation become true, I will use my USDT for buying altcoin with cheap price + Bitcoin hehe

My initial feeling is that many people will stick with the original bitcoin and not with BCC which is being tagged by many as an alternative currency and not part Bitcoin. It might fail as a result, but at least the updates that they wanted has been implemented.

Many also do not support bcc, we'll see how the interest of investors on the bcc in the market, but I think bcc will probably have a high value after segwit, I can't say bcc coin fail because in every wallet like bittrex will give you a free bcc according to btc you have

We have no updates regarding the results of segwit. Maybe we need to wait a little bit to have an updates regarding the current news on bitcoin.

It cannot be over emphasied that Bitcoin was made not for miners but for users and companies that do business with it as such it is what majority of traders upholds that have sway and as users prefer segwit without a hard fork, wr are going to see the price of Bitcoin these days only reflecting users bias

Once segwit is officially activated, does any new functionality come online immediately?

Can individual users do something different to take advantage of new features - or does that still require more changes to the code first?

As the node start running Segwit2x, we will see a better fees structure as well as speed. Till mid of August this will become effective. And for that you need to do nothing. It is implemented upon the blockchain and hence only interest to miners. In November hardfork is scheduled which will increase the block size to 2mb. Thus, more transactions in one block. This will considerably reduce the fees and increase the speed.

That's interesting. Do you have a link where i can ready more about upcoming hardforks like what happened recently? I want to learn more about this and share it to friends who became too anxious during the last hardfork that they actually sold and lost btcs in the process.

Fees are already acceptable now, with segwit bitcoin is going to gain a lot of value as well.

I also want to know what will happen after segwit2x.. today bitcoin price increase again and reach $ 15k, I hope segwit does not give affect to bitcoin price and every single day bitcoin price will continue to increase..