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Author Topic: Segwit two week Grace Period, what volatile prices we expect to see during this?  (Read 870 times)
BrewMaster
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August 10, 2017, 04:02:13 PM
 #21

so far bitcoin is on a good trend upwards and i don't see this changing any time soon. and there is no reason for it to change. with SegWit 100% support from miners there is no reason for any drops.
looking at the charts the rise looks good so far with little resistance to go up.

it is also the effect of investors coming back slowly as they become sure of the future of bitcoin since all the split nonsense is over now.

There is a FOMO brewing...
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August 13, 2017, 10:47:44 PM
 #22

I don't think there will be any significant price movements during the incoming week, just like in the pre-fork days. Price should be stable around $3200-$3500. That's my guess.
Turned out your guess was wild off the mark as presently Bitcoin is going for $4159.55 and it seems to have more steam to go even further until November, when the second leg of Segwit2x - increase in blocksize, which ultimately would culminate in a hard fork, may want to be implemented. About that time I foresee Bitcoin shielding most of the gains  it has cornered so far, but is sure to make a come back in no time.
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August 13, 2017, 11:49:26 PM
 #23

If we stay within USD 3800-4200,- I think we'll remain fairly stable with Segwit leading to a small upwards bump followed by a market cooldown.

Looking at recent events however, it seems like we got the good old Bitcoin back. So the current rally will probably culminate in a strong push towards USD 5000,- most likely followed by a correction towards the lower 3000s over the following days. After that I expect a re-continuation of the upwards trend, until we hit the event horizon that will be Segwit vs Segwitx2.

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