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joseafonso123az (OP)
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July 21, 2017, 10:15:17 AM |
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With the instability of the SegWit happening with which kind of fork, we saw bitcoins value drop a bit down 2k. As we are approaching the day of SegWit, I was expecting that the btc could indeed decrease a bit of his value, but it is increasing( that's great ). But why is it increasing ? people started to trust btc even after SegWit ?
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Totscha
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July 21, 2017, 12:00:27 PM |
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With the instability of the SegWit happening with which kind of fork, we saw bitcoins value drop a bit down 2k. As we are approaching the day of SegWit, I was expecting that the btc could indeed decrease a bit of his value, but it is increasing( that's great ). But why is it increasing ? people started to trust btc even after SegWit ?
It's because most people (unlike you) are happy that the SegWit and scaling problems will most likely be resolved without an actual fork. |
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Siren
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July 21, 2017, 12:14:05 PM |
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With the instability of the SegWit happening with which kind of fork, we saw bitcoins value drop a bit down 2k. As we are approaching the day of SegWit, I was expecting that the btc could indeed decrease a bit of his value, but it is increasing( that's great ). But why is it increasing ? people started to trust btc even after SegWit ?
Haven't you heard that BIP91 has already locked in? And its 268 blocks until rejecting non-SegWit blocks. So I guess this means that it will go through as plan. Which is effect cause the price to a spike in just 24 hours. The price is pushing to almost $2800 already. I'm sure you want the price to go low so that you can buy, but you have already missed the opportunity when the price is just below $1900. |
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oegarod
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July 21, 2017, 12:22:11 PM |
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The price fell all of a sudden and just because of the upcoming event the panic is found among the entire users. This has paved path for the selling of bitoin even when the price has been decreasing in a gradual manner. Right now the price pumping might be due to the impact of the upcoming month.
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BCTBF
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July 21, 2017, 12:24:03 PM |
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With the instability of the SegWit happening with which kind of fork, we saw bitcoins value drop a bit down 2k. As we are approaching the day of SegWit, I was expecting that the btc could indeed decrease a bit of his value, but it is increasing( that's great ). But why is it increasing ? people started to trust btc even after SegWit ?
Maybe it is because on 21 July there is bip91 signalling to start so bitcoin price is pumped again. I do not understand what that means, but I'm very happy the bitcoin price is pumped again in the last week of July. |
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BitcoinGirl.Club
Legendary
 Offline
Activity: 2786
Merit: 2720
Farewell LEO: o_e_l_e_o
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July 21, 2017, 12:53:43 PM |
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The price fell all of a sudden and just because of the upcoming event the panic is found among the entire users. This has paved path for the selling of bitoin even when the price has been decreasing in a gradual manner. Right now the price pumping might be due to the impact of the upcoming month.
IMO i think when bitcoin price fell lots of people panicked whilst bitcoin was making news in the process and got more publicity around different media channels and sparked off the buying spree and that is how we have been led here and the eth wallet hacks could have contributed to the rise of BTC value. It's because most people (unlike you) are happy that the SegWit and scaling problems will most likely be resolved without an actual fork.
this could be also another reason |
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Maveth13
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July 21, 2017, 01:16:28 PM |
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I think the initial price drop was normal in bitcoin, unfortunately this coincided with the news and so it created panic. This in turn became a catalyst of further and faster price drop. There was nothing to worry about in the first place.
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joseafonso123az (OP)
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July 21, 2017, 01:38:49 PM |
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With the instability of the SegWit happening with which kind of fork, we saw bitcoins value drop a bit down 2k. As we are approaching the day of SegWit, I was expecting that the btc could indeed decrease a bit of his value, but it is increasing( that's great ). But why is it increasing ? people started to trust btc even after SegWit ?
Haven't you heard that BIP91 has already locked in? And its 268 blocks until rejecting non-SegWit blocks. So I guess this means that it will go through as plan. Which is effect cause the price to a spike in just 24 hours. The price is pushing to almost $2800 already. I'm sure you want the price to go low so that you can buy, but you have already missed the opportunity when the price is just below $1900. It was more about curiosity than buying it at a low price ! I hadn't heard about that so thank you for telling me that bunch of info ! I am glad that all might work out well, which means bitcoin will get more valuable now ! |
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joseafonso123az (OP)
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July 21, 2017, 01:40:47 PM |
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With the instability of the SegWit happening with which kind of fork, we saw bitcoins value drop a bit down 2k. As we are approaching the day of SegWit, I was expecting that the btc could indeed decrease a bit of his value, but it is increasing( that's great ). But why is it increasing ? people started to trust btc even after SegWit ?
It's because most people (unlike you) are happy that the SegWit and scaling problems will most likely be resolved without an actual fork. I am actually happy if that happens without an actual fork there ! Don't know where you saw that I wasn't happy about that ! |
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RoommateAgreement
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July 21, 2017, 01:48:14 PM |
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it is rising because there is a lot of demand for bitcoin, and all of this demand has been waiting because they were uncertain, and that was only because of FUD and nothing else.
but when the reality was shown to them and they realized the FUD was pure bullshit they rushed to buy before they fall behind. and that meant a sharp rise that you saw and now are surprised about.
it is like a spring that you release after pressing it hard. it jumps up far.
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Buying the dip...
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Kprawn
Legendary
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Activity: 1904
Merit: 1073
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July 21, 2017, 01:53:18 PM |
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The market sentiment was positive because we finally had the majority of the miners signalling for a change in the scaling debate. A lot of investors are positive that SegWit might happen and they anticipate a huge increase in the price, if it does. So you basically have to buy in now, to be part of the party when the price might soar in the near future. The countdown has started and people are booking tickets for the ride to the Moon.  |
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BrewMaster
Legendary
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Activity: 2114
Merit: 1292
There is trouble abrewing
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July 21, 2017, 04:18:56 PM |
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it goes down, they ask why, it goes up, they ask why again. just buy the damn thing already  take a look at the charts and see the swings, they all end up being a temporary bump on the road leading to the final rise. and then look at all the potential bitcoin has. it is still the same good ol' decentralized payment system with very limited supply. |
There is a FOMO brewing...
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chesthing
Legendary
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Activity: 1414
Merit: 1000
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July 21, 2017, 04:26:24 PM |
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I got an email yesterday morning from coinbase sayiing there may be a hard fork and if it happens they won't support the new coin so you better get your coins off to be safe. Also buying/selling will be closed on 7/31.
It's my guess that this email and possibly other similar messages from other exchanges prompted people to buy coins and get them off, reducing supply. Why they would do this with over a week to go doesn't make much sense, maybe they just felt the need to do it right away?
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maokoto
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July 21, 2017, 04:58:10 PM |
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Because people are quite hopeful that the scaling is going to be a success (I do to). Bitcoin future is bright, and investors are happy. Futhermore, it is easier to go up from a down than from an up, and that is what is happening.
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Kwelstr
Member
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Activity: 107
Merit: 10
I've got amazing powers of observation
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July 21, 2017, 05:01:28 PM |
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This is bitcoin, get used to the swings! |
¯\_(ツ)_/¯
BitCore has a free airdrop every Monday. Get your free BTX!
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cryp24x
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July 21, 2017, 05:03:33 PM |
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With the instability of the SegWit happening with which kind of fork, we saw bitcoins value drop a bit down 2k. As we are approaching the day of SegWit, I was expecting that the btc could indeed decrease a bit of his value, but it is increasing( that's great ). But why is it increasing ? people started to trust btc even after SegWit ?
I believe it was the announcement of some major exchange to not accept any bitcoin fork coin thus limiting people choice to accept the current update. This shows how miners signal bip 91 and price of bitcoin goes up. And now that we are in a lockdown for the upcoming update, I believe bitcoin will continue to increase in price. |
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richardsNY
Legendary
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Activity: 1232
Merit: 1091
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July 21, 2017, 05:09:26 PM |
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Why they would do this with over a week to go doesn't make much sense, maybe they just felt the need to do it right away?
How doesn't that make sense? I would be extemely pissed if they started to notify people a day or two before the first of August. More exchanges have released clear statements of what their actions will/might look like. It's a normal and even a necessity to notice people far before something is going to happen, especially in case of a potential chain split. People with a functioning brain will withdraw their Bitcoins at least a day prior to the first of August, where other lazy and mentally challenged people will leave their coins on-exchange. |
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DaMut
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July 21, 2017, 05:12:12 PM |
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With the instability of the SegWit happening with which kind of fork, we saw bitcoins value drop a bit down 2k. As we are approaching the day of SegWit, I was expecting that the btc could indeed decrease a bit of his value, but it is increasing( that's great ). But why is it increasing ? people started to trust btc even after SegWit ?
It's because most people (unlike you) are happy that the SegWit and scaling problems will most likely be resolved without an actual fork. well indeed it's 'most likely be resolved' because of that many people confident about it and the price surging, miners might be voting for bip91,but it's not determined yet because who knows what will happen when the time comes ? they might be voting it so they can get out from it ? ( bull trap maybe ?) but i hope that thing doesn't happen in our real life instead it's only in my nightmare, everything is possible in cryptoworld,but so far if we keep holdin it even if it's crashing we will see another ATH incoming year or so, so nothing to lose for us longterm player |
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Mr.Anonymous
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July 21, 2017, 05:18:34 PM |
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I got an email yesterday morning from coinbase sayiing there may be a hard fork and if it happens they won't support the new coin so you better get your coins off to be safe. Also buying/selling will be closed on 7/31.
It's my guess that this email and possibly other similar messages from other exchanges prompted people to buy coins and get them off, reducing supply. Why they would do this with over a week to go doesn't make much sense, maybe they just felt the need to do it right away?
I had got this email too, but in this mail not see some warning about trade with USDT, although I heared if Bitcoin HardFork, USDT will HardFork too and you can't buy BTC when the price crashing or bloodbath on market |
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BlizzHuuu
Newbie
Offline
Activity: 1
Merit: 0
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July 21, 2017, 08:30:15 PM |
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The 3 most important questions are, what will happen if all people will get their coins off(reducing supply), will the price crash down?
And what happens if there will be a soft fork or a hard fork, which one will most affect the current price?
If after 1. August (in the worst case scenario) a soft fork, a hard fork and BTC are on the screen,
better to split money fiat between hard fork, soft fork and BTC? Or would it be risky to buy one of the forks.. what would be wise?
I hope someone can explain.
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