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jubalix
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April 20, 2017, 10:26:37 PM
 #1

Why is BTC up with the BU/ Segwit and dev roadblock.

any views?

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BitcoinPanther
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April 20, 2017, 11:16:34 PM
 #2

Scaling maybe one part of negative issue but it does not cover the whole of Bitcoin movement.  Smart contract is getting to Bitcoin this June and  another factor that affect Bitcoin price is adoption.  As you can see, Japan after announcing and accepting Bitcoin as money, its merchants started accepting and using Bitcoin.  This bring in new users and adopters that creates demand to Bitcoin.  Aside from that some countries like Poland have a positive view over Bitcoin and its technology.  So probably this coming smart contract and friendly gesture of some country to Bitcoin created a hype and thus BTC price go up.

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FiendCoin
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April 21, 2017, 12:14:55 AM
 #3

Why is BTC up with the BU/ Segwit and dev roadblock.

any views?

You mean the miner roadblock? It's the miners who can't come to agreement on any proposal.

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jubalix
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April 21, 2017, 02:20:48 AM
 #4

Why is BTC up with the BU/ Segwit and dev roadblock.

any views?

You mean the miner roadblock? It's the miners who can't come to agreement on any proposal.

i did not mean either, raver referring to DEV in the larger sense of coin tec dev that has come to a halt and the implications for future DEV. No "dev" and in segwit supporters that are sometimes referred to dev

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April 21, 2017, 02:36:21 AM
 #5

Why is BTC up with the BU/ Segwit and dev roadblock.

any views?

Bitcoin keeps going up because that's what it was designed to do.

Price dips are merely either normal small corrections or aberrations caused by panic, FUD, etc.

The BU/Segwit and development "roadblocks" are overrated by many and one cause of such FUD and panic.

No big deal.
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April 21, 2017, 02:43:31 AM
 #6

Why is BTC up with the BU/ Segwit and dev roadblock.

any views?

Bitcoin keeps going up because that's what it was designed to do.

Price dips are merely either normal small corrections or aberrations caused by panic, FUD, etc.

The BU/Segwit and development "roadblocks" are overrated by many and one cause of such FUD and panic.

No big deal.

Ya. The FUD just keeps us from doing a moon bounce but it can't stop bitcoins from going up in price more and more. They're rare, and everyone wants them!














 

 

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Leonard2016
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April 21, 2017, 03:14:40 AM
 #7

when everyone sells their coins on top and then price dips they have a lot of money to buy back in. then also when during bitcoin price dip, the altcoins get pumped each 2x-10x people gain a lot more money and this is investment money we are talking about. even if you cash out you still have lots of money to buy bitcoin with.

when all that money comes back into bitcoin because it was time and also because altcoins are dying, the price of bitcoin goes up like this.

nothing to see here...
jubalix
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April 21, 2017, 03:32:56 AM
 #8

when everyone sells their coins on top and then price dips they have a lot of money to buy back in. then also when during bitcoin price dip, the altcoins get pumped each 2x-10x people gain a lot more money and this is investment money we are talking about. even if you cash out you still have lots of money to buy bitcoin with.

when all that money comes back into bitcoin because it was time and also because altcoins are dying, the price of bitcoin goes up like this.

this description seems to be a zero sum game because as many people must have bought in at the top as sold out, so the net amount of money from this = 0.

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pooya87
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April 21, 2017, 03:57:11 AM
 #9

when everyone sells their coins on top and then price dips they have a lot of money to buy back in. then also when during bitcoin price dip, the altcoins get pumped each 2x-10x people gain a lot more money and this is investment money we are talking about. even if you cash out you still have lots of money to buy bitcoin with.

when all that money comes back into bitcoin because it was time and also because altcoins are dying, the price of bitcoin goes up like this.

this description seems to be a zero sum game because as many people must have bought in at the top as sold out, so the net amount of money from this = 0.

those who act quick, they sell bitcoin on top (the top price was ~$1260) even selling on $1230ish
then buy the shitcoins that were about to pump like Dash and Eth each at the bottom of the price around $50 and $20 respectively and then dump them on top around $105 and $52 respectively and that is a 100% and 150% pure profit that will come back to buy bitcoin Smiley

and this is mostly an answer to those who love reciting altcoin prices in USD.

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April 21, 2017, 04:49:56 AM
 #10

btc is undervalued, it probably should be in the 1600k range, but most likely because of the bitfinex exit pump. wire transfers are halted. buy btc and transfer it to another exchange. nobody wants to be goxed!
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April 21, 2017, 05:11:52 AM
 #11

btc is undervalued, it probably should be in the 1600k range, but most likely because of the bitfinex exit pump. wire transfers are halted. buy btc and transfer it to another exchange. nobody wants to be goxed!

people have been doing this exact thing for a couple of days now, ever since the news was spread and they made an announcement on their blog.
go take a look at their cold storage addresses and see how they are being drained by people making withdrawals.
and it is all panic, nothing else.

to the moon with bitcoin...
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April 21, 2017, 07:24:17 AM
 #12

Why is BTC up with the BU/ Segwit and dev roadblock.

any views?

You mean the miner roadblock? It's the miners who can't come to agreement on any proposal.

i did not mean either, raver referring to DEV in the larger sense of coin tec dev that has come to a halt and the implications for future DEV. No "dev" and in segwit supporters that are sometimes referred to dev

because having higher fee won't stop bitcoin to go up, i mean traders don't care about fee they have their coins sitting on exchange all the time and pump and dumpthe value to get more, for them the fee is also not different than the one they are paying already ont he exchange

and scaling issue is only going to stop average joe to jump in, and guess what? average joe are not the one that make the value going up, you need rich people, and guess what again? rich people don't care about paying $1 in fee...

but this last raise is due probably to bitfinex deposit issue, but the bottom is established at $1000+ already
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April 21, 2017, 08:05:07 AM
 #13

because having higher fee won't stop bitcoin to go up, i mean traders don't care about fee they have their coins sitting on exchange all the time and pump and dumpthe value to get more, for them the fee is also not different than the one they are paying already ont he exchange

and scaling issue is only going to stop average joe to jump in, and guess what? average joe are not the one that make the value going up, you need rich people, and guess what again? rich people don't care about paying $1 in fee...

but this last raise is due probably to bitfinex deposit issue, but the bottom is established at $1000+ already

While I agree that market movers don't really care about the higher fees, it must be mentioned that they do take the scaling aspect seriously. We're currently far away from it, but if BU happens to initiate an unsuccessful hard fork with a chain split as result, it will have a significant negative impact on the price. For you it's easy talking, but that's a whole lot different if your exposure sits in the millions. No serious investor will put such a thing aside so easily.

Seansky
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April 21, 2017, 09:59:43 AM
 #14

BTC goes up even if there are high fees right now with BUvsSegwit debate just because it still got the demand it needs to go up now regardless of the slowness of confirmation time and of course the volume of transactions that happen everyday remains the same. The debate really doesn't matter in price unless there will be a winner between BU and Segwit.
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April 21, 2017, 10:19:10 AM
 #15

This might be an observed increase that happens naturally based on the increase and decrease of the price. Recent bitfinex too might have small relation in the ongoing increase due to the high volume deposit that generates an increased circulation in the market cap of bitcoin.

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April 21, 2017, 11:59:50 AM
 #16

Why is BTC up with the BU/ Segwit and dev roadblock.

any views?
IMO the BU dust has settled and BTC is back on its track to glory. As for segwit, i still have no idea what is happening with it, and at this point i don't this segwit will happen ever.
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April 21, 2017, 01:04:12 PM
 #17

The price of bitcoins is going up as it was predicted to be .nothing will affect bitcoins,after SEC rejected bitcoins there was a panic over all and the price of bitcoins went down a lot and well now the price of bitcoins is  going up and up and soon it will reach upto 2000$.

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April 21, 2017, 02:02:01 PM
 #18

Why is BTC up with the BU/ Segwit and dev roadblock.

any views?
IMO the BU dust has settled and BTC is back on its track to glory. As for segwit, i still have no idea what is happening with it, and at this point i don't this segwit will happen ever.
We cannot be sure about segwit will get activated or not but litecoin just come forward for an agreement to activate segwit and I guess bitcoin miners are just waiting for how litecoin finds improvement with segwit activation.

I was not seeing any positive news for bitcoin ecosystem except legalization in Japan and huge number of Japanese merchants are going to adopt bitcoin payments. I believe this alone more than enough supporting news for bringing bitcoin prices to $1300+ levels and this is what exactly happening right now.


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Iranus
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April 21, 2017, 03:47:46 PM
 #19

Why is BTC up with the BU/ Segwit and dev roadblock.

any views?

Bitcoin keeps going up because that's what it was designed to do.

Price dips are merely either normal small corrections or aberrations caused by panic, FUD, etc.

The BU/Segwit and development "roadblocks" are overrated by many and one cause of such FUD and panic.

No big deal.

Ya. The FUD just keeps us from doing a moon bounce but it can't stop bitcoins from going up in price more and more. They're rare, and everyone wants them!
This kind of super-basic price speculation isn't really getting Bitcoin anywhere.  It wasn't actually designed to rise, it was designed to be scarce.  There's a key distinction, which is that it'll only keep rising as long as people have confidence in it and in reality Bitcoin still has a natural inflation rate because of the new Bitcoin being introduced from mining.

Maybe people are thinking that there should be some kind of panic due to the fact that scaling doesn't seem to be going anywhere, but the reason it's not is because alts have just soared much more than any natural amount and that's resulted in big corrections (and in DASH's case, a dump), which is resulting in people storing money in Bitcoin.

The rise is temporary due to the Bitfinex and USDT problems, which will cause a dump back into alts in a month or two unless Bitfinex handles fiat again.

Alts will never rise too much further though, because Bitcoin will just be a place for people to relax as they know that their money is safe, whereas holding it in most other coins it isn't (even in USDT, as we're about to find out), and people will use it as a "digital gold" style storage solution.
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April 21, 2017, 07:19:22 PM
 #20

Current high price has nothing to do with SegWit or Bitcoin Unlimited or scaling debate in general.
Initially I thought upward trend was a positive reaction to SegWit gaining more support but that might not be it.
I would rather guess that BTC price spiked due to USD withdrawal blockade on Bitfinex and Chinese exchanges.


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