Afraid of August One?

[1Referee]

Little bit. Somebody saying like that the price of bitcoin will increase. There is no clarity on the value of crypto currency, so getting tension. Other side, i will have curiosity about this.

Which Bitcoin is he referring to? We will have 5-6 new Bitcoin split by end this year. I

The one with the majority of the economical support, perhaps? In all seriousness, people act like something significantly bad is going to happen in the forthcoming weeks, but the point is that miners are just talking big. It may be one big troll show that the miners have been putting up. At the end of the day they have one main priority, and that is having their mining operations run profitably. No matter what hidden agendas certain miners may have, they will not jeopardize their operations just to gamble on a potential positive outcome for themselves. It's not just a few thousand bucks that they have at stake.

[Soranith]

I don't know is the price of bitcoin going down right now is because Segwit August 1st or not, but i'm really afraid if it's because August 1st. How do you guys think ? Is August one really makes the price of bitcoin become going down so hard ? I hope its not.

The August 1 could be the reason why bitcoin and even altcoins is going down. People especially the newbies are on panic sell because they are afraid that they will lose their money without thinking that the whales are just waiting for them to dump all they have and buy it to gain more profit.

[adz7]

All I know is that the BIG WHALES are sitting in the wings either way and will make huge profits on the fear and stupidity of those selling at loss or panicking, whether it be for BITCOIN or it's altcoin cousins. All I know is Blockchain technology is here to stay and while so many speculators are just focusing on the price, they forget that a big monster has been unleashed and can't die that easily. I am optimistic for the future, even if there is a hard fork. The price dump might just be temporary but the blockchain in whatever form it takes or transforms in, is here to stay. I will move forward with this confidence and will not be swayed by either hype or fud. I am in this for the long term, for my kid and in the future maybe for my grand kids and we will all look back at this as a small blip in Bitcoin's history. 

Very well said, wise words that can often stop people from selling their crypto to realise a loss.
Imagine how many times the price of BTC fell over the course of the coin's history.
If people had just held from $0.10 till now (almost $3000) then their $10,000 investment would have been $300,000,000
A point worth illustrating of the importance of holding and not succumbing to fear

[ximply]

Little bit. Somebody saying like that the price of bitcoin will increase. There is no clarity on the value of crypto currency, so getting tension. Other side, i will have curiosity about this.

Which Bitcoin is he referring to? We will have 5-6 new Bitcoin split by end this year. I

The one with the majority of the economical support, perhaps? In all seriousness, people act like something significantly bad is going to happen in the forthcoming weeks, but the point is that miners are just talking big. It may be one big troll show that the miners have been putting up. At the end of the day they have one main priority, and that is having their mining operations run profitably. No matter what hidden agendas certain miners may have, they will not jeopardize their operations just to gamble on a potential positive outcome for themselves. It's not just a few thousand bucks that they have at stake.

Miners are just defending their position for they have invested on equipment and since developer want to Outsource part of the processing to another company which will use the Lightning Network. Developer see this that this way will lighten the load and it will lessen the file up of transactions waiting. So in essence with the new code will take out some work from the miners.

[Drnice]

This segwit will make most people loss, and bringing in a complete technology into the world, that's good.

[South Park]

If they screw up you have Ethereum becoming number 1. I am expecting everything will go fine. There is a lot of market speculation surround 1 Aug. But if the result is positive we just go up again towards a higher market cap in 2018.

If something goes wrong then ETH could become number one but if things don’t have a way to go back to normal then I think Litecoin will eventually become number one, since it is basically bitcoin with segwit already activated and none of the drama at least at the moment.

[Dailyroberts]

Little bit. Somebody saying like that the price of bitcoin will increase. There is no clarity on the value of crypto currency, so getting tension. Other side, i will have curiosity about this.

Which Bitcoin is he referring to? We will have 5-6 new Bitcoin split by end this year. I

The one with the majority of the economical support, perhaps? In all seriousness, people act like something significantly bad is going to happen in the forthcoming weeks, but the point is that miners are just talking big. It may be one big troll show that the miners have been putting up. At the end of the day they have one main priority, and that is having their mining operations run profitably. No matter what hidden agendas certain miners may have, they will not jeopardize their operations just to gamble on a potential positive outcome for themselves. It's not just a few thousand bucks that they have at stake.

Miners are just defending their position for they have invested on equipment and since developer want to Outsource part of the processing to another company which will use the Lightning Network. Developer see this that this way will lighten the load and it will lessen the file up of transactions waiting. So in essence with the new code will take out some work from the miners.

I agree with you, miners are still trying to fix their spot so that they guarantee high level of income for the future of bitcoin as well.

The segwit optimization will cause too many problems for bitcoin and altcoin investors. On the other hand, bitcoin really needs some innovation and recovery to survive in order to serve people in the market.

Bitcoin transactions started to be very slow and this should be fixed via segwit or another method.

Let's hope we can survive after all.

[1Referee]

So in essence with the new code will take out some work from the miners.

Theoretically, yes, but the same miners that are against the first Segwit proposal, seem to be in favor of the Segwit2x proposal. At least, that's what the unofficial signalling hints at. I don't mind having Segwit2x activated, but the only point of annoyance for me is that they should have taken far more time to properly test it through. But hey, in normal circumstances they would have done that, but the main point is that they want to initiate activation before the 1st of August, and thus lack time to do so.

[shinratensei_]

If they screw up you have Ethereum becoming number 1. I am expecting everything will go fine. There is a lot of market speculation surround 1 Aug. But if the result is positive we just go up again towards a higher market cap in 2018.

If something goes wrong then ETH could become number one but if things don’t have a way to go back to normal then I think Litecoin will eventually become number one, since it is basically bitcoin with segwit already activated and none of the drama at least at the moment.

Not in a short time. Too many ICOs dumped the ethereum to the market. Those bringing the truth that the ethereum couldn't become the number one as per bitcoin gets failed. If the segwit already successfully activated in bitcoin and litecoin become worthless and many people back to the bitcoin.

[Arcteryx]

It is showing in the price drop all the sudden som people are affected on what is about to come on the horizon.
And it does not look to promising.
A 7-9% drop in the last 96 hours is no joke.

[Arkann]

I think that bitcoin expects a new stage in its development. Perhaps, against the backdrop of excitement, he first falls in price, but then not only strengthened, but also significantly rise. So panic is in vain.

[voltesbit777]

We are already in July and August 1 is coming...the day when Segwit would start signalling for all and what will happen after this date is something many fear of. Will there be a split and what will happen on the split?

I have already read some assurance that at the current rate things are doing, the possibility for a split is getting remote. Maybe the overarching interest of all stakeholders has already dawned to many.

There's nothing to be afraid in that day actually, all we need to do everything is possible to be happen.
Maybe by that time or day bitcoin is just like a skyrocket were the price value is fast increase.

[coinmore_org]

August 1st will be a non event. Bitcoin will more than likely not scale until the end of the year or early 2018.
The bear market will continue until the second quarter of 2018 (except for a limited number of altcoins which will increase in value during this bear cycle).

[Dudeperfect]

I believe we are going to see the next rally after August and it will push bitcoin beyond $3K and in next year we will see the prices floating around $3.5K. I see this as a very positive thing and right now I think it is a good opportunity for entering in the bitcoin for the investments which are planned for next 5 to 10 years. Yes, we might face much volatility in the price in next few months but as I said, this price level is good for the long term investment.

[ximply]

I went all in the other day to buy bitcoin for my available cash that time.  Now I have loaded another one and will try to buy bitcoin again when. I will just timed my buying to get a better rate.

[bitcoinmasterlord]

I believe we are going to see the next rally after August and it will push bitcoin beyond $3K and in next year we will see the prices floating around $3.5K. I see this as a very positive thing and right now I think it is a good opportunity for entering in the bitcoin for the investments which are planned for next 5 to 10 years. Yes, we might face much volatility in the price in next few months but as I said, this price level is good for the long term investment.

Yes in coming months we are going to see a big increment in bitcoin price not only in bitcoin price I think altcoin price also increases. My expectation is more than $4000 this year end. But at least it will reach $3500 then I am happy. Yes now investing on bitcoins will give you more profit if you are looking for 5 to 10 years investment method.

[Invester]

I don't know is the price of bitcoin going down right now is because Segwit August 1st or not, but i'm really afraid if it's because August 1st. How do you guys think ? Is August one really makes the price of bitcoin become going down so hard ? I hope its not.

The August 1 could be the reason why bitcoin and even altcoins is going down. People especially the newbies are on panic sell because they are afraid that they will lose their money without thinking that the whales are just waiting for them to dump all they have and buy it to gain more profit.

Let us all think alike this time, think like big whales. Well, if we all have the money. The panicking public is selling their bitcoins and altcoins even with losses incurred. Tsk! Such a big error. They will soon see all these rising big time and they will be too late to join the celebration.

[clickerz]

I believe we are going to see the next rally after August and it will push bitcoin beyond $3K and in next year we will see the prices floating around $3.5K. I see this as a very positive thing and right now I think it is a good opportunity for entering in the bitcoin for the investments which are planned for next 5 to 10 years. Yes, we might face much volatility in the price in next few months but as I said, this price level is good for the long term investment.

Yes, that is what I am expecting too. I am not afraid this August 1 segwit 2x  implementation. Too much drama already Weak hands tends to sell their holdings. For me its a normal happening. After the storm, when all is calm...bitcoin will regain again.

[Shofiqul]

It has all the earmarks of being August will be a nice start of settled bitcoin trade changes to snappy stream and deal with some other issue of bitcoin which is an inspiring news to each and everyone of us who are bitcoin lover. I figure people expecting for high an impetus because of it go up to the moon and once the coin meets that beyond question mang holders will abuse that event then a shot for get a couple of coins too because in the wake of offering stocks will rise so regard will be low so we can profit coins in little cost.

[Labumi]

If they screw up you have Ethereum becoming number 1. I am expecting everything will go fine. There is a lot of market speculation surround 1 Aug. But if the result is positive we just go up again towards a higher market cap in 2018.

If something goes wrong then ETH could become number one but if things don’t have a way to go back to normal then I think Litecoin will eventually become number one, since it is basically bitcoin with segwit already activated and none of the drama at least at the moment.

Not in a short time. Too many ICOs dumped the ethereum to the market. Those bringing the truth that the ethereum couldn't become the number one as per bitcoin gets failed. If the segwit already successfully activated in bitcoin and litecoin become worthless and many people back to the bitcoin.

If we're talking against excellence ethereum, bitcoin will never be able to be number one. Because in technology and also the early emergence, bitcoin is far better and superior. However it is possible that at the time of segwit takes place will probably price bitcoin plummeted and the ethereum could have excelled or parallel. but it all depends on how well all users running. If the user wants it later surely going to happen