Bitcoin Launches SegWit, Max Keiser Raises ‘Interim’ Price to $10,000

[talkbitcoin]

I've long moved on from my past mistakes.
I'm just here to warn everybody that will listen to reason and facts.

FACT: there is a very good chance that you have always been a desperate person shorting bitcoin.

FACT: Bitcoin protocol is flawed.

not it is not. nearly 9 years of existence has proven that.
bitcoin may not be perfect but it is far from being "flawed".

FACT: SegWit transactions are extremely vulnerable to theft.

no they are not.
there is a 1 million dollar reward in form of a litecoin segwit tx you can feel free to rob it and it has been available for months.
there has been a lot of SegWit transactions so far, you can feel free to rob any of them too while you are at it.

FACT: November hard fork WILL cause chaos as the majority of miners will go to the SW2x chain.

it will be the same chaos we had 10-15 days before August 1st. nothing new to bitcoin world.

I'm not here to spread FUD, i'm here to warn people so they don't lose money.

nice joke buddy

Many people seem to be way in over their heads in this, selling their houses and shit to invest in bitcoin.

if someone is doing it then they are the idiots who deserve to lose all their money. it doesn't have anything to do with November, S2X or whatever else

[1Referee]

I don't need whatever implementations to understand that we at some point will reach $10K, $20K, $30K, etc. Bitcoin's demand has been increasing significantly throughout the years, and this is something that will continue to happen in the forthcoming years as well. Max Keiser is nothing more than an idiot and hypocrite. People that were here early enough will never forget how he maliciously prevented his MaxCoin from launching in a normal and fair manner. He has willingly abused his followers/fan base, where he made millions in profits in a very short time.

[hello_good_sir]

Max Keiser has raised his Bitcoin price forecast to $10,000 as the cryptocurrency industry celebrates SegWit activation.

Joining figures such as Andreas Antonopoulos and Bobby Lee, Keiser, who is notoriously bullish on Bitcoin, said his “interim” price estimate had doubled from $5000.

Lee’s BTCC pool mined the first SegWit block for Bitcoin.

https://cointelegraph.com/news/bitcoin-launches-segwit-max-keiser-raises-interim-price-to-10000

I don't think that bitcoin is worth $10k right now, but if we look back from the future then i think we'll think that bitcoin was a steal at $10k. At each halving we have seen ibtcoin rise by at least triple the price, and i don't think that the next one will be any different.

$10k this year would be not likely but $10k by the next halving would be extremely likely, imo.

I don't need whatever implementations to understand that we at some point will reach $10K, $20K, $30K, etc. Bitcoin's demand has been increasing significantly throughout the years, and this is something that will continue to happen in the forthcoming years as well. Max Keiser is nothing more than an idiot and hypocrite. People that were here early enough will never forget how he maliciously prevented his MaxCoin from launching in a normal and fair manner. He has willingly abused his followers/fan base, where he made millions in profits in a very short time.

Exactly, this is the reason why you should take everyone's words with a grain of salt. Even the so called expert analysts are biased and if they are saying something there is usually an economic motive.

[Syke]

Many people seem to be way in over their heads in this, selling their houses and shit to invest in bitcoin.

I'm sure jgray is quite happy with the bitcoin proceeds from his house.

https://bitcointalk.org/index.php?topic=508254.msg15197910#msg15197910

sold my house for approximately $400,000 Canadian, and got approximately 648 BTC in the transaction.

648 * 5400 CAD = $3,500,000

[Kunlejoe0]

According to Bryce on Twitter. You will need $70billion new money while nobody sell for bitcoin to hit $10k this year

[Biodom]

According to Bryce on Twitter. You will need $70billion new money while nobody sell for bitcoin to hit $10k this year

that's not how it works, lol.

[ssmc2]

According to Bryce on Twitter. You will need $70billion new money while nobody sell for bitcoin to hit $10k this year

that's not how it works, lol.

  Bahahaaaaa

[aso118]

According to Bryce on Twitter. You will need $70billion new money while nobody sell for bitcoin to hit $10k this year

Nope. You just need one transaction at $10K for this to happen. Market capitalization by itself is a flawed concept because of this. It just looks at the price at which the last transaction took place.

[mike4001]

I think we will see an increase if the 2x hardfork takes place (and is succesful).

[Yuuto]

Overoptimistic as always, imo. I would completely agree with him if he just gave it a bit more time with that prediction, i have no doubt that $10,000 is going to be an easy task to achieve if given the appropriate amount of time due to the fact that we are still in early adoption stages and fiat is inflationary.

However he seems to think that btc price can just double or triple in a few weeks, and stay up there.

It is true that we have seen these sorts of growth in btc but it's not going to be sustainable, at all. If it reaches $10k this year it'll only mean that we are just in absolutely mania and nobody is thinking logically. Segwit lock in has influenced bitcoin to a around 30% rise already, to call for another 250% rise isn't logical.

[Syke]

According to Bryce on Twitter. You will need $70billion new money while nobody sell for bitcoin to hit $10k this year

Nope. You just need one transaction at $10K for this to happen. Market capitalization by itself is a flawed concept because of this. It just looks at the price at which the last transaction took place.

Correct. As of right now, a single $40M buy on Bitstamp would take the price over 10,000.

[iram1011]

Price has almost doubled in the month of August regardless of high transaction fees or long waiting time. This shows people doesn't really care for transaction fees and speed. They are more concerned about their investments and returns. Thus, Segwit activation wouldn't have any bigger impact on price. Of course, there would be a positive impact of less transaction fees on community and more people, vendors and merchants will join. Thus, accelerating the demand. Regarding Max Keiser price speculation. He didn't even stick to his earlier prediction and has already doubled his $5k prediction. So is the case with everyone here. Bitcoin has largely became unpredictable nowadays and people keep on changing their predicted price.