November real test for Bitcoin ?

[deisik]

I don't see why the price would go down this time, since one split already happened, people already understand how things work now, there is no reason to sell. A lot of people sold the last time (out of panic) until the price reached 1800$ but the price didn't take much until recovered but since everyone is familiar on how things will go, I doubt anyone will sell this time, I even expect to see the price increase as soon as SegWit start to take effect and LN get released

Hard fork is not the same as split

Splitting is in effect creating a new Bitcoin, i.e. a Bitcoin clone (or an altcoin based on Bitcoin if you please). A Bitcoin hardfork, on the other hand, may not look as dramatic as a split (which seems to be your point) but it may potentially cause more harm since it is assumed that Bitcoin doesn't get split but upgraded. Nevertheless, the latter is a whole can of worms on its own, especially if something goes out of whack in the process of upgrading the software. So, while it may not cause panic sells prior to the event, it may cause them after the event if things don't go as planned

[Howell]

Hello Guys , i am planning to invest in Bitcoin but after doing some research i found that some experts are suggesting that we can see more fluctuation in the month of November as Bitcoin can have another hardfork somewhere around in Novemeber when Block 494,784 gets mined. Segwit2x Team plans to enable the Bitcoin's miners to run new software at block 494,784 and if its enacted it can create another hardofork for Bitcoin. So what does this means for us investors , worst fluctuation that we saw in the month of July or the prices will only fall to the current level ?

Let me know your thoughts.

You are smart to have realized the importance of due diligence before embarking on any project. Also your findings are on the spot, November is going to put Bitcoin and in fact, the entire cryptocurrency world on a hot seat again as those behind Segwit2x would likely want to implement the next phase of their scaling plan, which is to hard fork the Bitcoin network, which Bitcoin core would likely reject.

Since November  is still some time, you can enjoy the Bitcoin cruise at the moment , but ensure to disembark before things get bumpy, then take the wait n see position till the storm be over.

[nicosey]

What is the exact date?

[jekanmasin]

just do what you think right. to many think will brought you to the wrong decision at last. bitcoin surely rises. dont need to worry about it.

[Cormoran]

Hello Guys , i am planning to invest in Bitcoin but after doing some research i found that some experts are suggesting that we can see more fluctuation in the month of November as Bitcoin can have another hardfork somewhere around in Novemeber when Block 494,784 gets mined. Segwit2x Team plans to enable the Bitcoin's miners to run new software at block 494,784 and if its enacted it can create another hardofork for Bitcoin. So what does this means for us investors , worst fluctuation that we saw in the month of July or the prices will only fall to the current level ?

Let me know your thoughts.

From what I've been hearing on the forums, people seem to be gung-ho about November... which suggests to me that we won't actually see much of a dip before it, but could see one afterwards if there are unanticipated technical difficulties getting everything working with whatever changes are made. If everyone's expecting to buy BTC right before the fork and then see it soar in value as well as getting the altcoin, it will probably have the opposite effect in reality, the moment there are any difficulties anyway.

[bitcoindusts]

Do not waste time. Many mistakes are wasted. Have not we learned yet? This august Bitcoin Fork took place and we saw the decline of its price. And in November Hard Fork will again take place where it will develop again and will be the result of increasing prices. So we expect double the price of the keep keep bitcoins. 10,000 $ is coming soon

I agree that there will be an increase in price after NOVEMBER HARDFORK.  We have seen how price of Bitcoin go up before the update of August 1, though it plummets for sometime but it easily recover and now somehow stable at its current fluctuation range.  Aside from that adoption and  market saturation is increasing.  I believe there will be lots of FUD that will appear but the support and hype of the upcoming upgrade will outweigh the FUD.

[Karartma1]

Everything depends on the form that the infamous November Fork will take. I sincerely hope we'll not end up having "another" Bitcoin. This will create too much confusion around even if on a side note, I have to admit that it seems the market does not care much about forks.....

[3kpk3]

The best optimistic approach here is to simply buy as many bitcoins as you can and HODL. Stop worrying about what is going to happen in the future since no one can predict the future. Bitcoin value may go down or up because of different reasons like hard forks, segwit etc, but in the long run it will definitely rise according to me due to the supply and demand logic.

[Vishnu.Reang]

The split on August 1 took the exchange rate of Bitcoin from $1,800 per coin to $4,500 per coin. And I am sure that the fork on November will take this from $4,500 to $10,000. I am optimistic about the rates.

[digdugg67]

Do not waste time. Many mistakes are wasted. Have not we learned yet? This august Bitcoin Fork took place and we saw the decline of its price. And in November Hard Fork will again take place where it will develop again and will be the result of increasing prices. So we expect double the price of the keep keep bitcoins. 10,000 $ is coming soon

I agree that there will be an increase in price after NOVEMBER HARDFORK.  We have seen how price of Bitcoin go up before the update of August 1, though it plummets for sometime but it easily recover and now somehow stable at its current fluctuation range.  Aside from that adoption and  market saturation is increasing.  I believe there will be lots of FUD that will appear but the support and hype of the upcoming upgrade will outweigh the FUD.

I think it's possible to make up to 7-8 thousand dollars, but before the hardfreak itself there will be a price reduction, as it was before August 1.
As a result, we can see after all this, again not the right fork Bitcoin, and the first bitcoin will continue to grow in price, because he is the real Bitcoin, progenitor

[peter0425]

Do not waste time. Many mistakes are wasted. Have not we learned yet? This august Bitcoin Fork took place and we saw the decline of its price. And in November Hard Fork will again take place where it will develop again and will be the result of increasing prices. So we expect double the price of the keep keep bitcoins. 10,000 $ is coming soon

I agree that there will be an increase in price after NOVEMBER HARDFORK.  We have seen how price of Bitcoin go up before the update of August 1, though it plummets for sometime but it easily recover and now somehow stable at its current fluctuation range.  Aside from that adoption and  market saturation is increasing.  I believe there will be lots of FUD that will appear but the support and hype of the upcoming upgrade will outweigh the FUD.

There will be always FUD here no matter if there is a fork or not. But as you have mentioned we should all braced ourselves specially once the date nears as I'm sure that there will be waves of FUD coming in our way spreading rumors with one intention, to sell your bitcoins. And for old timers here, we are again to defend bitcoin from those schills and tell newbies not to be affected by it.

I also think that there will be a spike in price if ever there will be a looming fork come November. We can only speculate as to high the price could go as no one can really predict the price of bitcoin. But I'm optimistic that it could go as high as $7000 before the end of this year.

[nakata90]

The split on August 1 took the exchange rate of Bitcoin from $1,800 per coin to $4,500 per coin. And I am sure that the fork on November will take this from $4,500 to $10,000. I am optimistic about the rates.

I hope it's true and not a dream, still time quite far away so we can make more profit from BTC. Probably in September this BTC will grow up to 5000 $, i'm expecting that to happen. I also firmly believe that investors are looking forward to it just as I

[onrise]

Even I was reading about the same that it can happen . But based in that I would not change the decision of buying Btc now beacuse considering the 1st Aug  event price has only risen. It has reached to 4600 $ so if Btc is pit to test it only rises mostly . This keep buying now and sell later at good gains rather than just regretting later if not buying Btc at lower rates .

[Jeger.Kiting]

Even I was reading about the same that it can happen . But based in that I would not change the decision of buying Btc now beacuse considering the 1st Aug  event price has only risen. It has reached to 4600 $ so if Btc is pit to test it only rises mostly . This keep buying now and sell later at good gains rather than just regretting later if not buying Btc at lower rates .

I think this is the best decision for you, because by the way you make a decision like this, you will not get caught in the risk of big loss to buy BTC for a high price, maybe you should see BTC development first. Next you can decide which is right for you to buy BTC.

[soy]

bitcoin is in 5 years around 1.000.000 USD worth

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[audaciousbeing]

Hello Guys , i am planning to invest in Bitcoin but after doing some research i found that some experts are suggesting that we can see more fluctuation in the month of November as Bitcoin can have another hardfork somewhere around in Novemeber when Block 494,784 gets mined. Segwit2x Team plans to enable the Bitcoin's miners to run new software at block 494,784 and if its enacted it can create another hardofork for Bitcoin. So what does this means for us investors , worst fluctuation that we saw in the month of July or the prices will only fall to the current level ?

Let me know your thoughts.

EDIT:  Guys i guess there is some confusion here about my question. I am not questioning the Long Term Value of Bitcoin. My Question here is that how much price can dip this time before it rockets again.  Thanks 

On how dip price can get, is not what anyone can predict but I know now matter dip the price got, bitcoin will bounce again and that's a fact. All I see happening in November is a repetition of what we witnessed in August and this thread is a beginning of the series of threads that will follow in the coming days as we had it in days building towards August 1.

[soy]

Do not panic sell as many will do ...

November may lead to a slight decline that will be corrected immediately. Take advantage to buy btc if you are fast enough, but, the course of the btc will not collapse permanently. The best is to touch nothing, to leave the storm past and then it will be directly to the moon!

[squatter]

if everything goes on fine with bitcoin in november, the price could shoot up to $7000-8000 range. December is traditionally very strong month for bitcoin.

What's your definition of "fine?"

Since the November fork is a hard fork, it will cause a split from the original network. If the entire ecosystem migrates to Segwit2x, there will be no split, but that seems unlikely. If the fork happens and there is significant support for both chains, I think this could have a very negative effect on price. It's impossible to predict, though.

[NL-Bitcoin]

Bcash.... SegWitx2.... They are all altcoins.
You should always know Bitcoin will beat them all 

[laluna24]

Even I was reading about the same that it can happen . But based in that I would not change the decision of buying Btc now beacuse considering the 1st Aug  event price has only risen. It has reached to 4600 $ so if Btc is pit to test it only rises mostly . This keep buying now and sell later at good gains rather than just regretting later if not buying Btc at lower rates .

I think this is the best decision for you, because by the way you make a decision like this, you will not get caught in the risk of big loss to buy BTC for a high price, maybe you should see BTC development first. Next you can decide which is right for you to buy BTC.

It depends on you if you have to buy btc at this rate. I think there is a fluctuation of btc on November and I can see the price will be high than today. Though we can't predict the actual price may happen after segwit.