Does the current ATH price reflect Segwit?

[very_452001]

Or do you think it will go higher?

Or lower when whales buy bitcoin cash at bottom out prices?

[1715361685]

1715361685

[FlightyPouch]

Or do you think it will go higher?

Or lower when whales buy bitcoin cash at bottom out prices?

Even if whales buy Bitcoin Cash, I don't think it will affect the price of Bitcoin. Many users are expecting Bitcoin to develop in time and this is just Bitcoin's first step. In November there will be another debate and then again another panic will happen because there might be a fork that might happen.

I think now people are just enjoying the aftermath of the panic and I know before Novermber, it will be having an ATH higher than $3000.

[LFC_Bitcoin]

I think there is a large sense of relief surrounding bitcoin & the much feared fork. Everything seems fine & sate to buy in again so maybe that's why people are buying en masse.

[cointabo]

I expect the price to bull more in regards to Segwit. Expecting to see $4k, $5k prices really soon.

[BitcoinGirl.Club]

Probably not exclusively segwit influence but i think the split and the whole Bitcoin cash gifting has allowed people to reinvest their money back into bitcoin

pumping it to its all time high and imo i can see this not stopping now...

[ViceOfBTC21]

Probably not exclusively segwit influence but i think the split and the whole Bitcoin cash gifting has allowed people to reinvest their money back into bitcoin

pumping it to its all time high and imo i can see this not stopping now...

Bitcoin Cash is just 1:1 Bitcoin clone with 8 MB blocks instead of 1 MB. Segwit is about unnecessary complicating Bitcoin protocol so less people will use it because of lack of understance. We need to stop evil SegWit but unfortunately SegWit side will probably win.

[ekoice]

Yes,definitely.Price should have reached this stage much before itself.But due to FUDs and news about hard fork and BTC price would crash and BCC would take the place of BTC,all these happenings delayed the price rise of bitcoin but could not stop Bitcoin's price rise.Just the price rise has begun and more hike is yet to come in the following days.I hope that bitcoin could cross $4000 soon.

[Minecache]

Or do you think it will go higher?

Or lower when whales buy bitcoin cash at bottom out prices?

Yes SegWit2x is currently being priced in by the market.

[makulo123]

Guys, just wait till November. This ATH is just a temporall reaction of market settling in after the "hard fork". We may see a bigger ATH in upcoming months before November. After that, we shouldn't get used to buy new bitcoins, cause the volatility will give a heart attack.

[~Bitcoin~]

Or do you think it will go higher?

Or lower when whales buy bitcoin cash at bottom out prices?

I doubt that whales will be interested in buying that shit cash anytime soon, bitcoincash chain is still struggling to survive. talking about bitcoin I think price will increase exponentially till the actually date of segwit activation because of high speculation and it might drop just after the segwit activation. But I don't think that drop/correction will be big enough to panic about.

[OmegaStarScream]

The way I see it, is that It has nothing to do with SegWit and everything to do with BitcoinCash. The price should continue to increase as long as exchanges are allowing deposits and while that's happening, BCH will continue to crash, they are not going anywhere If you ask me.

[User365]

Probably not exclusively segwit influence but i think the split and the whole Bitcoin cash gifting has allowed people to reinvest their money back into bitcoin

pumping it to its all time high and imo i can see this not stopping now...

Bitcoin Cash is just 1:1 Bitcoin clone with 8 MB blocks instead of 1 MB. Segwit is about unnecessary complicating Bitcoin protocol so less people will use it because of lack of understance. We need to stop evil SegWit but unfortunately SegWit side will probably win.

Why do you think segwit is bad, but a hardfork proposed by big mining companies and whales is better ?

Furthermore the 8MB harm the decentralisation. One could argue that you can still afford nodes with Blocksize of 8MB, but what will 8 MB bring us ? Better tx for one year and then increase the blocksize again because of more adoption? And then voila nobody can afford a node except companies and whales (same that proposed Bitcoin Cash  )!

[dothebeats]

SegWit wasn't the main driver as to the recent ATH but more of the fork concluding to a more likeable scenario. Aside from that, money was made out of thin air, so most probably these profits are now pouring for bitcoin which is great since these serve as the fuel for more price increase.

[kwukduck]

Current price reflects stupidity.
Once BCC gets the difficulty adjustment miners will point their rigs to BCC chain and leave Bitcoin for bigger profits on the BCC chain.
Resulting in a crippled Bitcoin network, likely leaving it in a completely dysfunctional state.
*aaaaaand it's gone*

[carlisle1]

Guys, just wait till November. This ATH is just a temporall reaction of market settling in after the "hard fork". We may see a bigger ATH in upcoming months before November. After that, we shouldn't get used to buy new bitcoins, cause the volatility will give a heart attack.

I'm gonna observed that mate but with this current moves I think even November will hard to say that the value will stop or will seen a correction again or even some big downfall if bitcoin reach new ath to the point of 3.5k$-4k$ I personally think that it will make much bigger move before end of this year since its been a practice for more than a year now.

[very_452001]

Or do you think it will go higher?

Or lower when whales buy bitcoin cash at bottom out prices?

Yes SegWit2x is currently being priced in by the market.

Current high price reflects Segwit2x? Hows that possible when we haven't reached near november yet and isnt Segwit2x classed as FUD which should result in lower prices?

[very_452001]

To summarise my understanding from the responses in this thread (please correct me if im wrong):

- people dumping bcc for btc which made bitcoin price into all time high
- FUD of Aug 1st hard fork is gone and confidence is back
- current high price does not reflect segwit being activated soon (within a week or 2)

If current price does not reflect segwit then that means we should see bitcoin price going to $4-5000 soon this month correct?

[pooya87]

this is just the FUD and uncertainty fading away. simple as that.
you see the adoption has grown a lot. it is actually ridiculous when you think about it. Japan's government legalizing bitcoin and announcing it as currency and then not stopping there and removing taxes on bitcoin was a big deal. it created a huge movement which was being mostly suppressed by the dumb scaling debate.
and now that it is nearly over, that effect is showing itself.
it is not just Japan by the way. there are other countries moving in the same direction.

[Siren]

To summarise my understanding from the responses in this thread (please correct me if im wrong):

- people dumping bcc for btc which made bitcoin price into all time high
- FUD of Aug 1st hard fork is gone and confidence is back
- current high price does not reflect segwit being activated soon (within a week or 2)

If current price does not reflect segwit then that means we should see bitcoin price going to $4-5000 soon this month correct?

Most probably Yes, if Segwit will be activated in Aug 8 or Aug 9 depending on your time zone. I think the dumping of BCC has just started this week. People didn't suddenly jump on dumping it but just waited until the dust has settled. So we may see another run of dumping coming days that will push further the price to $3500 then if Segwit gets activated we can see $4000-$5000 down the line. IMHO.

[hangar18]

To summarise my understanding from the responses in this thread (please correct me if im wrong):

- people dumping bcc for btc which made bitcoin price into all time high
- FUD of Aug 1st hard fork is gone and confidence is back
- current high price does not reflect segwit being activated soon (within a week or 2)

If current price does not reflect segwit then that means we should see bitcoin price going to $4-5000 soon this month correct?

Most probably Yes, if Segwit will be activated in Aug 8 or Aug 9 depending on your time zone. I think the dumping of BCC has just started this week. People didn't suddenly jump on dumping it but just waited until the dust has settled. So we may see another run of dumping coming days that will push further the price to $3500 then if Segwit gets activated we can see $4000-$5000 down the line. IMHO.

Maybe you have some mistaken about the time activated SegWit, in August 10th Bitcoin network will lock-in BIP148 and beginning active SegWit until November 15th, it will complete and can running.