What is the next BIG event after block halving that may boost bitcoin price?

[traderbit]

The next big thing can be if amazon or ebay implement the bitcoin on their system. Another big event can be if the block size would be increased for a double from now (2MB)

[European Central Bank]

I dotn think segwit will be much of a game changer, I dont think it will make more people want to invest.

pantera for instance said they had a bitcoin project that couldn't run until it scaled better. i'll bet there are many more too.

alot of people will be holding back to see if bitcoin can truly serve the world or whether it remains a techno curio. scaling or not is the main barrier to that.

[c789]

The next big thing can be if amazon or ebay implement the bitcoin on their system. Another big event can be if the block size would be increased for a double from now (2MB)

Until Amazon and eBay realize what they're missing, there's always http://www.overstock.com/bitcoin

[abugseuf]

i think the next big even may be the increase of bitcoin while crossing the physiological limit and that is 1000 USD. i think that will be biggest event after that the price will again boost more high i think.

[philipma1957]

bitcoin does 300,000 transactions in  a day .  it can not grow much with that cap.

lets figure it this way  1mb means 1,000,000 and the smallest transaction in physical size is say 226 bytes so 1,000,000 divide by 226 = 4424 transactions in 1 block.

which is the perfectly largest amount.  take 4424 x 144 = 637,056 cap hard coded and that would be with absolute perfectly small transaction

instead may transactions a 2000 bytes  and we end up doing  about 300,000 of 637,000 each day.



BTC may grow in price for a lot of reasons  but with a 300000 practical cap on transactions along with 637,000 as the perfect max  we will not grow as a transaction mover.

So long term nothing is getting done about it segwit and off chain solutions will lead to scam and theft so segwit is great for a price crash and destruction of confidence any one that disagrees with that is welcome to put a btc into an insurance fund for the thefts that occur from segwit.  if they truly believe in the fund they would do so happily since they know it will work and will not cause theft.

a 1 mb to 2mb  is stop gap but stop gap is better then segwit.

Personally I would like BTC and ETH form an alliance where btc acts like a highway  and eth acts like a bus.

keep btc for bigger  transactions keep eth for smaller transactions

keep btc basic keep eth  gpu based

I believe this announcement   with Intel  AMD and Nvidia all onboard as eth coin backers would allow of the best of both worlds   and would sky rocket the two coins to new heights   say 2000 a coin  and 60 a coin respectively

[Doamader]

I hope Apple or other companie besides microsoft accept bitcoin to purchase their products, would be insane to have more companies joining the game about bitcoin. Atleast this is my hope bitcoin achieve big companies then small merchants.

[European Central Bank]

I hope Apple or other companie besides microsoft accept bitcoin to purchase their products, would be insane to have more companies joining the game about bitcoin.

can anyone point to any company accepting helping the price along? i can't think of any examples.

at the end of the day the only group it would appeal to is people who already have bitcoin and there ain't too many of them. why would someone who wants a new iphone buy bitcoin with their credit card first so they can buy it? they'd buy with the card.

the only thing that would make a difference would be huge discounts and margins ain't exactly generous enough to allow that.

for now retail's a dead end. before it's used for that more people need to believe bitcoin is there to preserve their wealth.

[teddy5145]

...any idea?

Bitcoin's only need is an international news report, it should be a good and informative report and once that happened, expect a thousands of people that will search bitcoin in Google. New users means new demand, new demand means price increase.

Well most of the news about bitcoin on the internet is the negative one
Instead of pulling everyone closer to bitcoin it only drive them apart from bitcoin

But, there are many companies starting to integrate bitcoin into their system, which is good
Their demand will affect the price I am sure of it

[pooya87]

don't worry to much you will notice it when it happens. such news that is both big and effective on bitcoin price will spread like wildfire and everybody will know it when it happens, but you can't predict what it'll be. it can be another economical devastation of a country or it can be a new big company like steam accepting bitcoin.

[Amph]

Hmmm.... I guess that will be the blocksize increase. If we can successfully increase the block size and scale up, and without compromising the network, that will the greater than the reward halving. However, there is no date to that yet!

nah i don't think so, tech specs, are only known by the jerk folks, the vast majority of average joe, don't know shit about segwit, LN and akin

the price will increase slowly, regardless of those event, but the real propeller would be something that make average joe believe that is a better choice over fiat, maybe government accepting it more via regulation...

[beastmodeBiscuitGravy]

Hmmm.... I guess that will be the blocksize increase. If we can successfully increase the block size and scale up, and without compromising the network, that will the greater than the reward halving. However, there is no date to that yet!

nah i don't think so, tech specs, are only known by the jerk folks, the vast majority of average joe, don't know shit about segwit, LN and akin

the price will increase slowly, regardless of those event, but the real propeller would be something that make average joe believe that is a better choice over fiat, maybe government accepting it more via regulation...

So those who throw/extract millions of $ at/from the bitcoin supply don't know jack shit about the network and its potential? It's the average jodad tossing some dice or getting fleeced buying shitcoins on yobit that influence the price?

[qiwoman2]

I see more and more online marketers and investors now turning to bitcoin and a surge of new lay persons entering the bitcoin field, so I think as more and more people need to work online, many of them will turn to using bitcoin in various sites/investments. Like anything though this will take some time to come into full effect.

[mkc]

Some really cool app show up so that my mom ask me how to do Bitcoin over her phone.

[grim007]

i think halving is the only major event in btc that inflate too much orice. after that is the dumping of btc buy the big whales. expect that. hahhaa

[Herbert2020]

Hmmm.... I guess that will be the blocksize increase. If we can successfully increase the block size and scale up, and without compromising the network, that will the greater than the reward halving. However, there is no date to that yet!

nah i don't think so, tech specs, are only known by the jerk folks, the vast majority of average joe, don't know shit about segwit, LN and akin

the price will increase slowly, regardless of those event, but the real propeller would be something that make average joe believe that is a better choice over fiat, maybe government accepting it more via regulation...

them not knowing these technical stuff can actually help the hype of such a news grow bitcoin price. and on the other hand all those big investors in bitcoin know at least some stuff about the technical stuff about bitcoin so they will read about the block size and any change can actually have a big effect.

[Searing]

...any idea?

Ebay take BTC like Newegg would do the trick (doubtful but it would indeed cause a pump imho)

[Capradina]

I hope Apple or other companie besides microsoft accept bitcoin to purchase their products, would be insane to have more companies joining the game about bitcoin. Atleast this is my hope bitcoin achieve big companies then small merchants.

I think all the big companies do the acceptance of payment depends on the condition of the company. Because sometimes they don't take things that are too complicated to be done (they are looking for a simple and easy) in the sense that they are doing a simplification in any data obtained. But it could have happened, if the market really needs a bitcoin in any transaction conducted

[GreenBits]

If Hearn leaving could move the price, then certainly segwit on the ground should increase confidence. Also, if we see anyone else exiting the European Union, or needing a huge government wide bailout, price should react. Finally, adoption by a major retailer, or payment processor.

[European Central Bank]

nah i don't think so, tech specs, are only known by the jerk folks, the vast majority of average joe, don't know shit about segwit, LN and akin

average joe is irrelevant. there are enough switched on people who might be interested in it who decide to sit it out and wait when they realise how limited it is. there are tons of influential people who need to get on board. average joe does what they tell him to do.

[Leonard2016]

I hope Apple or other companie besides microsoft accept bitcoin to purchase their products, would be insane to have more companies joining the game about bitcoin.

can anyone point to any company accepting helping the price along? i can't think of any examples.

at the end of the day the only group it would appeal to is people who already have bitcoin and there ain't too many of them. why would someone who wants a new iphone buy bitcoin with their credit card first so they can buy it? they'd buy with the card.

the only thing that would make a difference would be huge discounts and margins ain't exactly generous enough to allow that.

for now retail's a dead end. before it's used for that more people need to believe bitcoin is there to preserve their wealth.

it depends on the company and much it is being received by its customer. for example a small company with small number of users is not gonna affect anything.

also the effect is not gonna be right away. it will take a long time so people start to realize that bitcoin is in fact a real currency and not just something for the nerds to play with.