Dead cat bounce?

[alyssa85]

I'm starting to think that the alts have a major part to play in bitcoin's price. If the flippening happens, I think people might stampede out of bitcoin into some alts.

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[talkbitcoin]

I'm starting to think that the alts have a major part to play in bitcoin's price. If the flippening happens, I think people might stampede out of bitcoin into some alts.

so far people have shown that they are only waiting in an altcoin so that their prices go as high as possible to dump them. and at the first sight of any kind of market disturbance they leave the altcoin market high and dry. this has already happened multiple times in the past too.

[FractalUniverse]

I see it going to sub $2000 level, where i can buy, and then it will come back 

technically it should go to 1500-1800, but one can never tell with bitcoin, because there will be a lot of buying down there, so the drop may not be too deep. Therefore I'll be buying smaller amounts every time we get lower low.

[maku]

Don't think so.
Check twitter. More and more miners agree to SegWit2x. And is this is compatible with BIP148 now the community will get SegWit as it was planned.No modifications. Bifury, BTCC, F2Pool, ViaBTC have all agreed so far.
Imo we will continue moving up again. Of course some dips always possible.
I believe this whole dump was orchestrated by (some) miners and probably a few whales to make some big money before moving forward.
Bitmain's shitty announcement and HF threat, then the massive dump. Now they load up, pumped the market again and announced support for SegWit.Antpool, Bitmain will be the last to signal for SegWit2x imo, but they will.

Woooww, it is a good news then. Could you give some profile links where I can follow them (miners) on Twitter?
I just thought this dump because some people get tired of all of this bitcoin drama and problems​, trying to cash out their investment into fiat money or buy another coin which has steady increases, looking for another profits.
But, bitcoin could recover faster than I thought and it is already set at $2500 today. If miners really agreed about segwit, then bitcoin could be in rally again and break $3000 soon.

This is all true. I always though that Bitcoin can't be damaged only from the inside.
Lack of consensus which can be accepted by major mining pool and different visions of bitcoin scaling was always the biggest factor influencing the price.
I expect that there will be major crash of price right before scaling upgrade will be initiated, just because users will panic that something might go wrong.

[aeternus]

What do you say? Did the bubble burst and we're seeing a decline or are we still aiming to the moon?

We are going to see a decline in price the closer we get to august and some people decide to get out of bitcoin before the storm happens, this could be a good opportunity for those that believe bitcoin will come out stronger out of this and get more bitcoin on the process.

[btcxyzzz]

aiming to the moon?

Bitcoin aiming to the Moon. How ridiculous that sounds. Poor Bitcoin.

[HasHe]

Its not bubble burst.Bitcoin price fell from $2800 last week to $2300.But soon it recovered and now its $2536.This shows there is still large volume of people who are ready to buy bitcoins.So we need not compare this price fall to price crash happened earlier.Bitcoin's price grew very fast to $2800 earlier.Now price has stabilized a little bit.

[freedomno1]

What do you say? Did the bubble burst and we're seeing a decline or are we still aiming to the moon?

It's just cruising in a new steady range for a while until it decides to breakout again or stabilize at a lower price point.
Could be hear for years pause until the fork/segwit decision is done etc, so I would just say this is a waiting period before any storm starts brewing on the horizon good old calm waters before a troubled storm ahead.