Bitcoin price after 1 August - Down 50%

[cafucafucafu]

Bitcoin price after 1 August - Down 50%

how do you think about bitcoin price after 1 August 2017.
if there is hard folk, will price down to 50%??

I would like to know exactly.

No, even if there was a hard fork, i don't think that the price will go down by 50%.

If segwit is activated, then price will actually increase because we are able to have cheaper transaction fees again. There is no way to predict how much it'll rise by exactly though, bitcoin is a very volatile market, there is simply no way that you can predict that info.

Worst case scenario, if there turned out to be two "bitcoins", then the value of the two separate chains added together should prove to be somewhere close to the actual value of 1 BTC before the fork happened, because everyone should get the same amount of coins on 2 chains. And there should be very quickly a decisive winner, in my opinion the chances of two chains functioning simultaneously together for more than a few months/years is extremely small, one will quickly crash whilst the other will climb to the top to claim the throne.

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[zulkarnaen]

Indeed,no one knows for sure about the future of bitcoin and also with the August 1 prediction, no evidence can create a standard of confidence about it, but all hopes that bitcoin will continue to grow rapidly and bitcoin prices will continue to rise.Because this will definitely bring a good impact for its users.

[Jherek]

Bitcoin price after 1 August - Down 50%

how do you think about bitcoin price after 1 August 2017.
if there is hard folk, will price down to 50%??

I would like to know exactly.

We have no idea whether or not there will even be a hard fork activated on 1st August. Maybe there will only be the UASF happening, and no hard fork is activated. Nobody can tell whether or not it's going to happen, because it's not written in any type of code when it's going to occur.

Price wise, if there was to be a hard fork on or after 1st August, then it's definitely going to affect bitcoin's image of being decentralized and immutable. Some skepticists of bitcoin will take this opportunity to launch an attack on bitcoin.

I'd expect though that there will be a huge dump off before the hard fork even happens, of around 10% decrease in price. If a hard fork does get activated, then price is going to decrease by around another 10-15%. I don't think that btc is going to go back to sub-2000 though.

[magneto]

Bitcoin price after 1 August - Down 50%

how do you think about bitcoin price after 1 August 2017.
if there is hard folk, will price down to 50%??

I would like to know exactly.

Eh, i don't know about this.

I believe that UASF if gone according to plan is going to be a breath of fresh air, actually for the bitcoin community. Because we're now used to paying $3 a transaction in fees to miners, and when scaling is done on the network then fees will come down.

However obviously there is a lot of speculation regarding whether a hard fork is going to happen or not, and it is likely that it will happen. In the case that it happens, i don't think that the price of the two chain tokens combined with change at all - because after all, everyone gets the same amount. However, depending on the token you're holding, whether Bitcoin Core or Bitcoin Unlimited, the values of each will fluctuate in inverse correlation. If one gains much more support than the other, you can expect that one to rise.

[machinek20]

Still dont know what will happened, it can be bitcoin going up or bitcoin will go down, we still need to see how things will work out, but this news has been scared some of the investors, they have postponed their investment to see how things workout after august and it caused bitcoin price a bit stagnant and unstable

[Carlsen]

Of course nothing is sure, but August 1st is not coming as a surprising event.
So I do not expect that the market reacts on it in a dramatic way.
Some minor corrections can happen, but nothing out of the ordinary.

[ImHash]

Even with the unlikely scenario of 50% price crash we'll be at $1250 which is all time high of 2 month ago and difficulty only went from 59 to 71.
If people could mine bitcoin with costs less than $1250 they would but they are unable to do that, with 71 current difficulty it will cost you more than $1200 to mine 1 coin in at least 2 month. What I mean is: price will not drop down that much because that will make mining unprofitable even in China.

[jerowacik]

Bitcoin price after 1 August - Down 50%

how do you think about bitcoin price after 1 August 2017.
if there is hard folk, will price down to 50%??

I would like to know exactly.

I still believe in the strength of bitcoin and I do not believe there will be a 50 percent decline in early August.

[Hazir]

It seems that Segwit will be activated and avoid a network fork on August 1. Mining Pool Support of SegWit2x is now higher than 85%.
This is great news in the short term, but we will still need to hard fork in the future, the idea is to activate a 2MB hard fork within six months after SegWit will go live.
There is no imminent danger associated with the date August 1 anymore, but we still need to worry about the panic that any changes to BTC might cause.

[audaciousbeing]

Bitcoin price after 1 August - Down 50%

how do you think about bitcoin price after 1 August 2017.
if there is hard folk, will price down to 50%??

I would like to know exactly.

News and threads like this create will unnecessary speculation, which will put panics in the mind of newbies coming into the fold new. There have been several news that have happened in the past one year and the price still stands tall, among them include the ban on exchange site from China, another is the failed listing in the United States which came and went but we still stand. So, August 1 will come, whatever implementation that would happen will surely do and I believe we will still be standing August 2nd.

[bamboylee]

Bitcoin price after 1 August - Down 50%

how do you think about bitcoin price after 1 August 2017.
if there is hard folk, will price down to 50%??

I would like to know exactly.

No, even if there was a hard fork, i don't think that the price will go down by 50%.

If segwit is activated, then price will actually increase because we are able to have cheaper transaction fees again. There is no way to predict how much it'll rise by exactly though, bitcoin is a very volatile market, there is simply no way that you can predict that info.

Worst case scenario, if there turned out to be two "bitcoins", then the value of the two separate chains added together should prove to be somewhere close to the actual value of 1 BTC before the fork happened, because everyone should get the same amount of coins on 2 chains. And there should be very quickly a decisive winner, in my opinion the chances of two chains functioning simultaneously together for more than a few months/years is extremely small, one will quickly crash whilst the other will climb to the top to claim the throne.

Look at ETH and ETC, both of the coins are still alive months after hard fork happened. ETH is way ahead in price but ETC is still surviving. The same can happen to bitcoin if ever a hard fork happens.

[Qartersa]

Bitcoin price after 1 August - Down 50%

how do you think about bitcoin price after 1 August 2017.
if there is hard folk, will price down to 50%??

I would like to know exactly.

No, even if there was a hard fork, i don't think that the price will go down by 50%.

If segwit is activated, then price will actually increase because we are able to have cheaper transaction fees again. There is no way to predict how much it'll rise by exactly though, bitcoin is a very volatile market, there is simply no way that you can predict that info.

Worst case scenario, if there turned out to be two "bitcoins", then the value of the two separate chains added together should prove to be somewhere close to the actual value of 1 BTC before the fork happened, because everyone should get the same amount of coins on 2 chains. And there should be very quickly a decisive winner, in my opinion the chances of two chains functioning simultaneously together for more than a few months/years is extremely small, one will quickly crash whilst the other will climb to the top to claim the throne.

Look at ETH and ETC, both of the coins are still alive months after hard fork happened. ETH is way ahead in price but ETC is still surviving. The same can happen to bitcoin if ever a hard fork happens.

I agree, I don't think there would be any problems that is so big that would kill bitcoins if there would be a hard fork. Though I think a hard fork will be unlikely and probably a soft one will ensue. Though, if there would be a hard fork I think the value of our coins will not go down because we would be holding two different coins with different values but the total would be the same.

[john2231]

Bitcoin price after 1 August - Down 50%

how do you think about bitcoin price after 1 August 2017.
if there is hard folk, will price down to 50%??

I would like to know exactly.

No, even if there was a hard fork, i don't think that the price will go down by 50%.

If segwit is activated, then price will actually increase because we are able to have cheaper transaction fees again. There is no way to predict how much it'll rise by exactly though, bitcoin is a very volatile market, there is simply no way that you can predict that info.

Worst case scenario, if there turned out to be two "bitcoins", then the value of the two separate chains added together should prove to be somewhere close to the actual value of 1 BTC before the fork happened, because everyone should get the same amount of coins on 2 chains. And there should be very quickly a decisive winner, in my opinion the chances of two chains functioning simultaneously together for more than a few months/years is extremely small, one will quickly crash whilst the other will climb to the top to claim the throne.

Look at ETH and ETC, both of the coins are still alive months after hard fork happened. ETH is way ahead in price but ETC is still surviving. The same can happen to bitcoin if ever a hard fork happens.

I agree, I don't think there would be any problems that is so big that would kill bitcoins if there would be a hard fork. Though I think a hard fork will be unlikely and probably a soft one will ensue. Though, if there would be a hard fork I think the value of our coins will not go down because we would be holding two different coins with different values but the total would be the same.

I think this is still for beta and they are just adding a new features for hard fork.. for me still bitcoin will be still a good treasure because it lives for a long time.. hope that the hard fork can fill up the shortage of old bitcoin..
Miners are agree for activating segwit it means it can gives us a good result not for killing bitcoins the value will be still the same or will be balance because there is a hardfork well its not a big problem honestly that we can hold different coin.. since there are many altcoin also we are holding as alternative..

[BlackPanda]

Many possibilities that can happen on the 1st of August. Some say that the day will increase the price of bitcoin as a whole and some argue that bitcoin prices will experience a significant decrease. We all can only argue and wait for the results later.

[klf]

Many possibilities that can happen on the 1st of August. Some say that the day will increase the price of bitcoin as a whole and some argue that bitcoin prices will experience a significant decrease. We all can only argue and wait for the results later.

This August 1st news is already old, so if prices need to go down then it will happen well before that, and it will not wait for that particular day to go down. All the major corrections will happen before that, and either minor correction you can expect or prices will go up after that date. Only weak heart people may scar and sell their coins. If you're a long-term person then make of this situation and accumulate more coins.

[Herbert2020]

Many possibilities that can happen on the 1st of August. Some say that the day will increase the price of bitcoin as a whole and some argue that bitcoin prices will experience a significant decrease. We all can only argue and wait for the results later.

the underlying assumption of these two different speculations are different!

* those who say price will go down are either idiots who are spamming for FUD to make some profit by shorting or are making the assumption that there will be some disastrous chain split by that date.

* those who say price will go up are either idiots who again spamming the same or are making the assumption that since SegWit has a large support now, it will be activated and we finally move on so it leads to price rise.

i say we don't know. neither these assumptions are strong. but i personally leaning towards the second one because of the large support from hashrate and the fact that they are signalling the same SegWit activation. although there are still a lot of things unknown.

[Yuuto]

What I can say is, expect some sort of panic sell on or just before 1st august because people are genuinely scared about having two chains running alongside each other, the whole community will be divided even further and bitcoin will be seen as having 42 million instead of 21 million coins to an outside commentator which will obviously mislead people into thinking that bitcoin just like fiat can be freely printed.

If BU hard fork occurs, down 50% isn't unlikely at all. And by down 50% i mean Bitcoin Core + Bitcoin unlimited is down value is 50%, not just one of them.

If no BU hard fork happens, then i'd expect price to either stabilize or continue rising to try break the $3k barrier which seems to be impossible to break at the moment.

[Qunenin]

Bitcoin price after 1 August - Down 50%

how do you think about bitcoin price after 1 August 2017.
if there is hard folk, will price down to 50%??

I would like to know exactly.

That concept is so utterly stupid that it is crazy.  There is a steady price rise over the years and the occasional surges, but there has not been that percentage increase in Bitcoin since the beginning.  It would not be that great either, even if it did.  From $600 to $2900 in a very short period causes enough issues, but if it popped to $10000 in a couple weeks, then the blocks would get clogged with the dumping and the coin would end up destroyed in a short period, making fewer people rich than you would think.

[naidray]

Bitcoin price after 1 August - Down 50%

how do you think about bitcoin price after 1 August 2017.
if there is hard folk, will price down to 50%??

I would like to know exactly.

Its impossible to know exactly what will be happen in august about the price of bitcoin.. i think we will see more improvement about bitcoin that can push up the price of bitcoin this coming august and 50% down is impossible to happen.. maybe can possible to happen is 15% down than 50% this is just base what happen before..

No one have a clear idea about the price of the bitcoin in the august after the Segwit implementation.
The August is just like a Pandora Box where everyone wishes to get a good result about the price of the bitcoin and at the same time everyone is planning to how to be on a safe end if the price becomes low.

Everyone in the forum is putting their assumptions about how much the price will go down if it’s a drop scene and how much rise is expected but believe me these are just assumptions, there is no one who can confidently say anything about it.

[aso118]

What I can say is, expect some sort of panic sell on or just before 1st august because people are genuinely scared about having two chains running alongside each other, the whole community will be divided even further and bitcoin will be seen as having 42 million instead of 21 million coins to an outside commentator which will obviously mislead people into thinking that bitcoin just like fiat can be freely printed.

I doubt if people can be misled into believing that there are 42 million bitcoins. Even if a hard fork does happen, I hope the price war between supporters of both chains is short and swift. We just have to which chain is the winner and move on.