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Author Topic: What do you think market response of the segwit on August 24rd 2017 @ 12:30 UTC  (Read 802 times)
Bitoriiii
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August 22, 2017, 09:29:50 AM
 #1

Hi

What do you think market response of the segwit on August 24rd 2017 @ 12:30 UTC

Time may be changed.

Segwit is good news for users of payment, but what do traders think ?

Bitcoin market price will rise up, or not.

I think segwit is useful, for Bitcoin will be more higher price !


Now,market price is going down...


Why?
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August 22, 2017, 09:37:59 AM
 #2

The price spike already happened. The hard part with the uncertainty as well was achieving the locking in. Now that's inevitable the excitement is over. It'll take a wee while before anything genuinely interesting comes of it. As ever they're selling the news.

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August 22, 2017, 10:09:58 AM
 #3

no i don't think price would rise up. it may stay the same around the same price level as now. it usually is like this, when there is an upcoming good news people buy in before the news because obviously they find out about it before and act on it.

as an example i can remind you of the halving last year. price started rising about 2 months before the actual halving and stopped a couple of weeks before it.

and also just like halving the effects of SegWit and the price rise will be seen in a couple of weeks after its activation when price starts rising anew.














 

 

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August 23, 2017, 06:17:14 PM
 #4

There's a golden rule of trading - buy the rumors, sell the news. When some positive event that was 100% expected finally happens, price would usually not rise, and even might dip a bit, as some traders are taking their profit. If you look at the price charts around the halving event last year, you'll clearly see this pattern - the bull run was months before the halving itself, but when it finally happened, it just dipped a bit instead. Same with SegWit - we are currently at $4,000+ because it has locked in and about to activate, there's no surprise in it, so it's unlikely that it will cause another rise.

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August 23, 2017, 07:34:27 PM
 #5

We can see effect of segwit activation already on both price and mining difficulty.

Price is recovering very fast from under $4k level and pumping hard while miners are shifting towards bitcoin mining from bitcoincash after difficulty adjustment. http://fork.lol/pow/hashrate

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August 23, 2017, 09:49:27 PM
 #6

Hi

What do you think market response of the segwit on August 24rd 2017 @ 12:30 UTC

Time may be changed.

Segwit is good news for users of payment, but what do traders think ?

Bitcoin market price will rise up, or not.

I think segwit is useful, for Bitcoin will be more higher price !


Now,market price is going down...


Why?


I think the price of segwit is already locked in when we saw the price rise from $2500 to $4400. It's been locked in ever since couple of weeks ago so its activation is really no surprise to anyone here.

I do think that we are going to see some minor rise in price but nothing major due to the fact that this is not some unforeseen good news.

Most likely, after Segwit gets activated price will probably adjust upwards by a margin of couple of hundred dollars, and hopefully it will just stabilize at that price level for now. As i said i really doubt it's going to be anything more than $500 rises.

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August 24, 2017, 04:05:49 AM
 #7

We can see effect of segwit activation already on both price and mining difficulty.
SegWit activation had nothing to do with mining difficulty.

Quote
Price is recovering very fast from under $4k level and pumping hard ~
i wouldn't really call this "recovery" and "pump". it was always a small correction (about 5-8%) and now that is over. and again we are back at the beginning of the next rise which means price can fluctuate a little here before shooting up.

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August 24, 2017, 05:16:23 AM
 #8

Hi

What do you think market response of the segwit on August 24rd 2017 @ 12:30 UTC

Time may be changed.

Segwit is good news for users of payment, but what do traders think ?

Bitcoin market price will rise up, or not.

I think segwit is useful, for Bitcoin will be more higher price !


Now,market price is going down...


Why?


The day is already with us and few hours to lock in to the time zone op was referring to but I think to traders are still maintaining their position for now looking at how things will unfolds. There will surely be an impact on price so far its a technology aims to improve the performance of what is being done before but at the same time, I don't see the effect happening immediately rather we need to wait for 2 or 3 days for the effect to start materialising the same thing from what we witnessed in the earlier part of the month.

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August 24, 2017, 05:57:16 AM
 #9

no i don't think price would rise up. it may stay the same around the same price level as now. it usually is like this, when there is an upcoming good news people buy in before the news because obviously they find out about it before and act on it. as an example i can remind you of the halving last year. price started rising about 2 months before the actual halving and stopped a couple of weeks before it. and also just like halving the effects of SegWit and the price rise will be seen in a couple of weeks after its activation when price starts rising anew.

This is very much common with any trading market. I have seen the same thing when we talk about forex, stocks, commodities and anything else. There is that advanced effect way before the whole thing can transpired. The market is always advanced because of the availability of information and news.


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August 24, 2017, 07:25:51 AM
 #10

I believe the prices of bitcoin will continue to rise slowly and steadily for the next few months, because of the scaling project segwitx2 that is going to happen on November, this piece of news have been spreading very fast in the bitcoin community and it will surely push up the values of bitcoin to another high record.

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August 24, 2017, 09:47:26 AM
 #11

Hi

What do you think market response of the segwit on August 24rd 2017 @ 12:30 UTC

Time may be changed.

Segwit is good news for users of payment, but what do traders think ?

Bitcoin market price will rise up, or not.

I think segwit is useful, for Bitcoin will be more higher price !


Now,market price is going down...


Why?


The response hasn't really been that strong imo. I sort of expected a bigger pump, but right now the price is actually in the red for 24h gains which means that it is probably going to adjust upwards a bit soon.

Though i don't think the price will necessarily go up over the next few months collectively i do think that people just haven't responded to the segwit activation just yet. in a few hours time i expect the price to go up by at least 2-3% further.

Anyways, i'd expect the price to max out at around $4500 once again, before correcting.

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August 24, 2017, 09:50:23 PM
 #12

Although I'm expecting the price to really push further however, but it did more or less retain its midweek rally. And it looks like the price just stabilizes at around $4000-$4200. I'm anticipating that we can push it to $5000 but it ain't gonna happen. I guess the future price of bitcoin will really hinges on the November Segwit2x hard fork.

Or it is still early to speculate about the price since it has just started so the extent of the activation hasn't felt. We should really give it some time to be sure that it has really a good effect to the price heading to the looming Segwit2x in November.

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August 25, 2017, 04:03:54 AM
 #13

Hi

What do you think market response of the segwit on August 24rd 2017 @ 12:30 UTC

Time may be changed.

Segwit is good news for users of payment, but what do traders think ?

Bitcoin market price will rise up, or not.

I think segwit is useful, for Bitcoin will be more higher price !


Now,market price is going down...


Why?

But actually the traders is also included into the bitcoin network users too. But i think that if the segwit will make the more fast and cheap for the bitcoin transaction and the conclusion is once. The trend will be very bullish for the bitcoin. But it will going up again. Don't worry.

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August 25, 2017, 04:17:59 AM
 #14

The market response is already priced in 2 weeks before when Segwit was already locked in. A lot of big blockers were saying that Segwit was possible because of the NYA. That is just an excuse. The real reason why Segwit activated is because of the UASF. The miners had to lock it in before the UASF or else they would lose face.


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August 25, 2017, 08:52:38 AM
 #15

The price is now moving to $4200 so I guess we are now seeing the impact of the activation. I'm predicting now that we are going to break $5000 and even gets further at $6000. And when Segwit2x comes along in November maybe we can along $10000 before the end of the year which really makes us feel good at Christmas time.

I believe the prices of bitcoin will continue to rise slowly and steadily for the next few months, because of the scaling project segwitx2 that is going to happen on November, this piece of news have been spreading very fast in the bitcoin community and it will surely push up the values of bitcoin to another high record.

This is what I'm thinking also, the segwit2x will really push the price of bitcoin slowly for the next couple of months that is why is possible to get to $10000 in December and will be carried on 2018 and reach new ATH. We will have to wait then and hope that this scaling solution will really put a good dent on the price in the positive way.



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August 25, 2017, 12:30:28 PM
 #16


The response hasn't really been that strong imo. I sort of expected a bigger pump, but right now the price is actually in the red for 24h gains which means that it is probably going to adjust upwards a bit soon.

Though i don't think the price will necessarily go up over the next few months collectively i do think that people just haven't responded to the segwit activation just yet. in a few hours time i expect the price to go up by at least 2-3% further.

Anyways, i'd expect the price to max out at around $4500 once again, before correcting.

People are disappointed at how segwit hasn't really fixed anything.

My two cents: I think a lot of investors are going to put their money in a bunch of alts (ether, litecoin, BCH, dash, monero etc) just in case bitcoin doesn't make it, due to it's processing difficulties. It makes sense to hedge by holding a diverse bunch of alts, one of which might take bitcoin's place if they don't resolve their mempool and fee problem.

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August 25, 2017, 01:06:49 PM
 #17


The response hasn't really been that strong imo. I sort of expected a bigger pump, but right now the price is actually in the red for 24h gains which means that it is probably going to adjust upwards a bit soon.

Though i don't think the price will necessarily go up over the next few months collectively i do think that people just haven't responded to the segwit activation just yet. in a few hours time i expect the price to go up by at least 2-3% further.

Anyways, i'd expect the price to max out at around $4500 once again, before correcting.

People are disappointed at how segwit hasn't really fixed anything.

My two cents: I think a lot of investors are going to put their money in a bunch of alts (ether, litecoin, BCH, dash, monero etc) just in case bitcoin doesn't make it, due to it's processing difficulties. It makes sense to hedge by holding a diverse bunch of alts, one of which might take bitcoin's place if they don't resolve their mempool and fee problem.
Exactly! I try to test tx post segwit. I sent $15 of btc any guess, the network charged me $10 of bitcoin as fee. Segwit hasn't solve any problem at all

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August 25, 2017, 01:21:36 PM
 #18


The response hasn't really been that strong imo. I sort of expected a bigger pump, but right now the price is actually in the red for 24h gains which means that it is probably going to adjust upwards a bit soon.

Though i don't think the price will necessarily go up over the next few months collectively i do think that people just haven't responded to the segwit activation just yet. in a few hours time i expect the price to go up by at least 2-3% further.

Anyways, i'd expect the price to max out at around $4500 once again, before correcting.

People are disappointed at how segwit hasn't really fixed anything.

My two cents: I think a lot of investors are going to put their money in a bunch of alts (ether, litecoin, BCH, dash, monero etc) just in case bitcoin doesn't make it, due to it's processing difficulties. It makes sense to hedge by holding a diverse bunch of alts, one of which might take bitcoin's place if they don't resolve their mempool and fee problem.
Exactly! I try to test tx post segwit. I sent $15 of btc any guess, the network charged me $10 of bitcoin as fee. Segwit hasn't solve any problem at all


Same here if you are currently buying bitcoin today with the current price. you are losing more from this current system of bitcoin. I think its time to find other better altcoins
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