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Author Topic: Confidence Returning to Bitcoin?  (Read 3168 times)
OROBTC
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July 18, 2017, 11:35:48 AM
 #1

...

I have looked over several threads here at bitcointalk, and it looks like SegWit is slowly being implemented (or planned for, or whatever) AND the price just ticked to (about) $2300, some $450 (or more) off its recent lows.

This suggests to me that confidence is returning to Bitcoin.  

But, this might be just a bear trap, especially if anything goes wrong around August 1.
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July 18, 2017, 11:53:30 AM
 #2

The recent dip is price was just part of the 'everyday' Bitcoin volatility. However, keep in mind that prices now still have not settled (IMO) from the massive price spike in June. Now, I am not saying that Bitcoin is in a bubble or anything, it's just that all the recent hype, and naysayers (Wall Street), and the upcoming segwit, led the prices for Bitcoin to reach a very volatile state, spiking and falling like nobody's business. I predict that August will be a VERY good month for investing in Bitcoin once all this blows over, and the price stabilises, leading to a stable price increase as time passes, and not to mention transaction speeds will be improved if all things go well with the segwit, possibly leading to more mainstream acceptance and usage.
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July 18, 2017, 11:56:21 AM
 #3

Nobody with even half a brain panic sold, it's always noobs & retards who fall for all the FUD crap. Just HODL for another few years, bitcoin will do what it's done long term, throughout its existence - RISE

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July 18, 2017, 12:04:56 PM
 #4

I have not seen that the number of bitcoin users have lost confidence in him. Perhaps this drop in prices was provoked by the profiteers. We do not know how many coins. They could use the rumors and to carry out such an operation. I hope that all their coins are bought by the users and now they will have fewer opportunities.

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July 18, 2017, 12:09:34 PM
 #5

...

I have looked over several threads here at bitcointalk, and it looks like SegWit is slowly being implemented (or planned for, or whatever) AND the price just ticked to (about) $2300, some $450 (or more) off its recent lows.

This suggests to me that confidence is returning to Bitcoin.  

But, this might be just a bear trap, especially if anything goes wrong around August 1.

We could say that and in actual sense like I have at the back of my mind that the eventuality of the price of bitcoin depends on the reaction of the majority of users which is exactly what happen but we all cannot be sure that the mood wont change because as we move closer to August 1, the uncertainty continues to pile up which is a call for concern to every one but either way for something as big as this and price manage to stay above 2000$ then its a confidence that should be applauded.

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July 18, 2017, 12:12:47 PM
 #6

I can say that just be ready on whatever is about to happen. If the price rises then let's celebrate as today it's still quite early to do so. And if the price falls then just let's do the job of being an advantage taker as a trader, just buy if it becomes bearish again. So there's no loss if you are a very optimistic person when it comes to bitcoin market.

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July 18, 2017, 12:15:08 PM
 #7

Only the weak hands jumped to sell their coins immediately. Others have taken the opportunity to buy cheaper and are already making profits. Remember last month? Exactly the same situation, and exactly the same panic and exactly the same come back.
#HODL

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July 18, 2017, 12:20:32 PM
 #8

It seems that more than 50% of miners are now implementing Segwit. If they come to around 80% maybe the split won't even happen. And if this happens, I guess prices are going to rise a lot and maybe reach what Goldman Sacks predicted (~3000 USD) or even more as a return after the last big drop.

https://www.bloomberg.com/news/articles/2017-07-18/bitcoin-jumps-as-miners-take-first-step-to-avoid-currency-split
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July 18, 2017, 12:28:23 PM
 #9

...

I have looked over several threads here at bitcointalk, and it looks like SegWit is slowly being implemented (or planned for, or whatever) AND the price just ticked to (about) $2300, some $450 (or more) off its recent lows.

This suggests to me that confidence is returning to Bitcoin.  

But, this might be just a bear trap, especially if anything goes wrong around August 1.

If applied to my point of view, even you don't noticed that thing Im confident about what will happen to bitcoin while currently on a heated seat with the drama. Honesty, if the FUD is strong and majority of all bitcoiners really believes that price will decrease more, why many do buying starting from $1,900 and only eats few hours to breached again the $2,100 above level.

I can conclude now that this large whales believes also that it will be a positive result for bitcoin that's why they take some profit during the peak and now back again from buying bitcoins.

Like I said just to clear things up, this is only my own point of view.

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July 18, 2017, 12:30:58 PM
 #10

Nobody with even half a brain panic sold, it's always noobs & retards who fall for all the FUD crap. Just HODL for another few years, bitcoin will do what it's done long term, throughout its existence - RISE
I think the long-term holders are worried as well, a split is the biggest danger around for us and an era of weak prices.

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July 18, 2017, 12:31:17 PM
 #11

...

I have looked over several threads here at bitcointalk, and it looks like SegWit is slowly being implemented (or planned for, or whatever) AND the price just ticked to (about) $2300, some $450 (or more) off its recent lows.

This suggests to me that confidence is returning to Bitcoin.  

But, this might be just a bear trap, especially if anything goes wrong around August 1.

It has nothing to do with confidence but  crash of bitcoins price was just a game done by big whales to cause and stir panic on the bitcoin market so that bitcoin users will sell their bitcoins on a lower value. The big whales has again use the issue of August 1 to cause panic on the community and after a while the price of bitcoin comes back again since they have already finished buying bitcoins at a lower value. This means that they have ear a huge gain again while small bitcoin holders lost a huge profit on the market. Since August 1 is still not here there will be many traps lay ahead by big whales so let us be wary and do not panic.

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July 18, 2017, 12:31:20 PM
 #12

It's hard to tell if this last price dump was just usual volatility or also potential influence of August 1. It's probably both.According to current information Segwit is standing good and maybe we could avoid to split and that would cause major pump. Anyway, I expect further rise of the price in the upcoming period.

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July 18, 2017, 12:32:36 PM
 #13

...

I have looked over several threads here at bitcointalk, and it looks like SegWit is slowly being implemented (or planned for, or whatever) AND the price just ticked to (about) $2300, some $450 (or more) off its recent lows.

This suggests to me that confidence is returning to Bitcoin.  

But, this might be just a bear trap, especially if anything goes wrong around August 1.

I don't think its a bear trap, there is no chance of a chainsplit now so bitcoin can enjoy some better times ahead.
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July 18, 2017, 12:32:44 PM
 #14

14 days before the Segwit and good to see many people are still confident in using bitcoins and the price is slowly going back to normal again. This is a good news for the incoming changes.


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July 18, 2017, 12:33:40 PM
 #15

Nobody with even half a brain panic sold, it's always noobs & retards who fall for all the FUD crap. Just HODL for another few years, bitcoin will do what it's done long term, throughout its existence - RISE
Exactly, noobs not only panic sold but also have been the ones who created most of all the fud otherwise this confidence and trust was already there as it has been before among the ones who been into bitcoin for a long time. It would be interesting to see how all these noobs react now when the price of bitcoin has started to go up.

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July 18, 2017, 12:34:18 PM
 #16

I am still optimistic to hold the bitcoin I have. I'm sure the bitcoin price drop is just a speculation that makes us feel anxious .. and rush to sell our bitcoin. I still believe the bitcoin price will be high after 1st of August .. hopefully bitcoin is getting popular
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July 18, 2017, 01:01:29 PM
 #17

I can say that just be ready on whatever is about to happen. If the price rises then let's celebrate as today it's still quite early to do so. And if the price falls then just let's do the job of being an advantage taker as a trader, just buy if it becomes bearish again. So there's no loss if you are a very optimistic person when it comes to bitcoin market.
I agree with the idea. Dumps and pumps are normal. It is a part of Bitcoin's unsteady nature. The price of Bitcoin decreases ,then after a couple of days or months, it is again, increasing. It happens a lot. Simply as, if there's an inflation, it'll be in favor for us and if deflation happens, we just need to wait for it to increase again.

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July 18, 2017, 01:08:38 PM
 #18

here is a theory: confidence never went anywhere
it was with bitcoin and very strong all this time. newbies acting irrationally is a different story.

also i would like to remind everyone of Litecoin SegWit activation. miners started signalling for SegWit, price went higher (the insiders sold or prepared to short) then they started FUDing. F2Pool said we are changing our mind, some said the hashrate that came online was Bitmain and went against SegWit.
price dropped they made a lot of money.
Signalling went above 99% and SegWit was activated.
price went up and they again made a lot of money.

just saying don't get played again or at least try to make a lot of money like them.

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care2yak
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July 18, 2017, 01:29:13 PM
 #19

I suppose confidence is returning after today's news that miners have begun running the Segwit2x software and China-based Bitmain announced in twitter that all their bitcoin mining pools will start running Segwit2x... But there's still anxiety over bitcoin's split so it's still too early too tell if confidence has in fact returned. Bitcoin's case is different from litecoin. There weren't any fears of a split in ltc so I suppose price surged. But I think it's still too early to tell that bitcoin will follow the same trend even after initiating segwit2x today.
v0rtecxz
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July 18, 2017, 04:15:01 PM
 #20

I think now some are panicking and selling their bitcoin because to keep watch or for other things, but on the other hand bitcoin again shows what he has done for jangaka a long time, and I think many believe it regardless (segwit ×) Which Is not yet clear what will happen that day, if it will affect the bitcoin itself in terms of price or the other, but i will stick to my bitcoin and see it for future developments

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