Bitcoin Will Reach New All Time Highs Just Before The Segwit2x Fork

[CoinHoarder]

A battle has been brewing among Bitcoin ecosystem participants for quite some time now. If taken at face value, then the battle is all about how Bitcoin should scale (bigger blocks, Segwit, Lightning Network, or ). However, as time goes by, and more pieces of the puzzle fall into place, it is becoming more and more apparent that the battle is actually a front for at least two hidden agendas. That is a complicated topic, one which I will save for another occasion. I promise to post my opinion on such soon. For now I simply wish to point out the main reason why Bitcoin will reach new all time highs in the near future.

More here: https://www.decentralized.tech/blogs/speculation-bitcoin-will-reach-new-all-time-highs-just-before-the-segwit2x-fork

[chesthing]

Yeah, duh? another free shitcoin for each bitcoin you have to dump for more real bitcoins - YAY!

[azguard]

Yeah, duh? another free shitcoin for each bitcoin you have to dump for more real bitcoins - YAY!

And we will have 3 coins with "bitcoin" in name. Bad stuff.
Hope that this will be resolved with no more creating another "BITCOIN" close or attempts to be better then bitcoin.

Final is bitcoin is one everything else is altcoin.

[player514]

Yeah, duh? another free shitcoin for each bitcoin you have to dump for more real bitcoins - YAY!

And we will have 3 coins with "bitcoin" in name. Bad stuff.
Hope that this will be resolved with no more creating another "BITCOIN" close or attempts to be better then bitcoin.

Final is bitcoin is one everything else is altcoin.

I've never completely understood the reason why multiple coins with "bitcoin" in them is a bad sign. Is it because people who want to invest in bitcoin are looking for a unique coin to go for, or could it be the fact that one of the spin-off coins could be more successful than BTC itself? I think altcoins are a great addition to the Bitcoin universe; it stimulates a market of trading and exchanging just like international currencies.

[forkchain]

Yeah, duh? another free shitcoin for each bitcoin you have to dump for more real bitcoins - YAY!

And we will have 3 coins with "bitcoin" in name. Bad stuff.
Hope that this will be resolved with no more creating another "BITCOIN" close or attempts to be better then bitcoin.

Final is bitcoin is one everything else is altcoin.

I've never completely understood the reason why multiple coins with "bitcoin" in them is a bad sign. Is it because people who want to invest in bitcoin are looking for a unique coin to go for, or could it be the fact that one of the spin-off coins could be more successful than BTC itself? I think altcoins are a great addition to the Bitcoin universe; it stimulates a market of trading and exchanging just like international currencies.

Bad signs are just a word for other altcoin because they are not much trusted while if you are talking about bitcoin they are trusted and since it is going upward once again.

[Wind_FURY]

Therefore, before the snapshot most Bitcoin users will be taking their coins off of exchanges and parking them in wallets where they have access to the private keys. This results in less Bitcoins on the exchanges to be sold and therefore in less downward pressure than normal.

But will it not also make the traders more cautious and take the stance of "wait and see" before they make their move on the market? I believe that trading will be very stagnant right before the hard fork. If I was made to guess in what direction the market will be, it would be down.

Even those that want to sell now (or in the near future) will likely be parking their Bitcoins, because the Segwit2x is effectively free money. The result will be the same amount of Bitcoin Core tokens and Segwit2x tokens. Although it is unclear as to which token may be the victorious in the fight for the rights to carry forth the Bitcoin flag, one thing is clear... both tokens will certainly not be worthless. Guessing who will be victorious in the battle is unclear anyways.

Without replay protection both "tokens" will be continued to be "parked" in their wallets. I also believe some will trade some of their Bitcoins for more promising altcoins.

[figmentofmyass]

Yeah, duh? another free shitcoin for each bitcoin you have to dump for more real bitcoins - YAY!

And we will have 3 coins with "bitcoin" in name. Bad stuff.
Hope that this will be resolved with no more creating another "BITCOIN" close or attempts to be better then bitcoin.

Final is bitcoin is one everything else is altcoin.

actually, there could be 4 coins: bitcoin, bitcoin cash, bitcoin segwit2x, and bitcoin gold. that's right, there's a new hard fork gaining traction that will change to a memory-hard POW algorithm to return to a gpu-mining economy rather than one dominated by asics.

regarding the OP's prediction..... i had similar thoughts. i was torn between that scenario and masterluc's bearish scenario to the lower $2000s. before all this bad news started hitting today/yesterday, i was 60-40 bullish. now i'm neutral or maybe even leaning bearish. hopefully my sentiment is wrong because i'm not selling anything right now.

[player514]

Yeah, duh? another free shitcoin for each bitcoin you have to dump for more real bitcoins - YAY!

And we will have 3 coins with "bitcoin" in name. Bad stuff.
Hope that this will be resolved with no more creating another "BITCOIN" close or attempts to be better then bitcoin.

Final is bitcoin is one everything else is altcoin.

I've never completely understood the reason why multiple coins with "bitcoin" in them is a bad sign. Is it because people who want to invest in bitcoin are looking for a unique coin to go for, or could it be the fact that one of the spin-off coins could be more successful than BTC itself? I think altcoins are a great addition to the Bitcoin universe; it stimulates a market of trading and exchanging just like international currencies.

Bad signs are just a word for other altcoin because they are not much trusted while if you are talking about bitcoin they are trusted and since it is going upward once again.

There are definitely a good amount of "trusted" altcoins out on the market (unless I'm interpreting this incorrectly). Take a look at Ethereum and Litecoin. They are trusted altcoins used by many, especially Ethereum because it's built on the Etherem open software platform. I guess BCH could also be classified as a trusted altcoin too.

[DaMut]

even though in the next few weeks we should face the hardfork,
but it's not yet confirmed right to see a chain split again in the future ?
so why would we bother about another Bitcoin Gold,Bitcoin Silver and other Bitcoin,while we can focus ourself to get a lot of 'Bitcoin' before the hardfork.
just treat that issue as an interest for holding 'Bitcoin' in our wallet for sometimes.
and i agree with the tittle,we should see another all time highs before Hardfork.
based on our live chart we should see another bull movement in coming days/weeks.if we hit another ATH before Hardfork,
after hardfork we will see a flash crash and then consolidate

[Herbert2020]

Yeah, duh? another free shitcoin for each bitcoin you have to dump for more real bitcoins - YAY!

And we will have 3 coins with "bitcoin" in name. Bad stuff.
Hope that this will be resolved with no more creating another "BITCOIN" close or attempts to be better then bitcoin.

Final is bitcoin is one everything else is altcoin.

I've never completely understood the reason why multiple coins with "bitcoin" in them is a bad sign. Is it because people who want to invest in bitcoin are looking for a unique coin to go for, or could it be the fact that one of the spin-off coins could be more successful than BTC itself? I think altcoins are a great addition to the Bitcoin universe; it stimulates a market of trading and exchanging just like international currencies.

it is only "bad sign" because people have found out about what a "fork" is recently (about a couple of months ago before August drama). but in reality the forks of bitcoin existed a long time ago and they have been forking from bitcoin from early days.
there currently is also a lot of coins with the name "bitcoin" in them one way or another. other coins that have no bitcoin in their name or not even forked from bitcoin are still using "bitcoin" name to their own advantage!

go to coinmarketcap.com and search for bitcoin to see how many of them come up. there are also a couple with a little different name like BitCore but it is in fact bitcoin core. but you never hear people talk about them or complain. and soon these other new forks will join those old altcoins on the shelf of failed projects.

[CoinsCoinsEverywhere]

Yeah, duh? another free shitcoin for each bitcoin you have to dump for more real bitcoins - YAY!

And we will have 3 coins with "bitcoin" in name. Bad stuff.
Hope that this will be resolved with no more creating another "BITCOIN" close or attempts to be better then bitcoin.

Final is bitcoin is one everything else is altcoin.

I've never completely understood the reason why multiple coins with "bitcoin" in them is a bad sign. Is it because people who want to invest in bitcoin are looking for a unique coin to go for, or could it be the fact that one of the spin-off coins could be more successful than BTC itself? I think altcoins are a great addition to the Bitcoin universe; it stimulates a market of trading and exchanging just like international currencies.

This is something I'm not 100% clear on either, but I can come up with a few more things.  As you said, I think the risk that one of the bitcoin forks that isn't initially supported much by the community could be more successful than BTC is a concern.  Forks are disruptive to the bitcoin ecosystem, with some players not being willing to support all forms.  If BTC starts forking every month, in a year we'll have like 15 different kinds of bitcoin.  Nobody wants to have to keep up with all of those different pieces of software.  Too many forks could also dilute everything about BTC: price, mining, etc.  If enough forks seriously split up the bitcoin network's mining capacity, BTC could become much more vulnerable to a 51% attack.  New investors will also either have a hard time picking among the different bitcoins, or they may simply avoid it due to too much complexity.

[cafucafucafu]

I think this is likely.

Just like the 1st August event, i think that the 2x fork could potentially accelerate the growth of bitcoin price, and just before that if people are optimistic enough about the fork going well then we could potentially see a new all time high.

Even though the pump has cooled down i think it is far from over. I expect in October to see at least $4500 if not $5000 being hit.

[dothebeats]

Yeah, duh? another free shitcoin for each bitcoin you have to dump for more real bitcoins - YAY!

And we will have 3 coins with "bitcoin" in name. Bad stuff.
Hope that this will be resolved with no more creating another "BITCOIN" close or attempts to be better then bitcoin.

Final is bitcoin is one everything else is altcoin.

As long as there's someone who's willing to use their resources to create their own version of bitcoin and thinks that their implementation is better, it wouldn't stop.


A possible bull run before November is highly likely seeing that the China fud has faded and new money is being poured into bitcoin every single day, though a new ATH might not be achieved since there's no news or any incentive for the price to push beyond 5k. It might hover around $4300-$4500 but that's just about it.

[manselr]

Yeah, duh? another free shitcoin for each bitcoin you have to dump for more real bitcoins - YAY!

And we will have 3 coins with "bitcoin" in name. Bad stuff.
Hope that this will be resolved with no more creating another "BITCOIN" close or attempts to be better then bitcoin.

Final is bitcoin is one everything else is altcoin.

Last time I checked... there's only 1 Bitcoin. I don't understand why some people pretend Bitcoin Cash is a second Bitcoin. Why aren't they counting Bitcoin Dark, Bitcoin Plus, Bitcore and so on? And what about the up and coming Bitcoin Gold?

Stop falling for propaganda. There is never going to be two Bitcoins. The problem with segwit2x is that these bastards are trying to kill the legacy chain. If they really wanted to compete, they would just fork and add replay protection and become an altcoin like Bitcoin Cash, but they pretend to take over the real Bitcoin. This is dangerous for anyone involved on that, I don't think the real Bitcoin whales are going to like that.

[CoinHoarder]

Yeah, duh? another free shitcoin for each bitcoin you have to dump for more real bitcoins - YAY!

I'm not sure if this is aimed at my claim that Bitcoin will reach new all time highs, or my advice to move tour Bitcoins to an address where you have the private key.

If the latter, then yeah it is a "duh" for most people in Bitcointalk, but I know at least some novices read my blog, such as family and friends. That is more directed at them.

If the "duh" was directed at my call for new ATHs, then I think you are oversimplifying a very convoluted matter. New ATHs before the fork is certainly not a sure thing.

There has been a lot of FUD surrounding Bitcoin lately from "important" people. Every other day a different country seems to do something negative in regards to regulation or "banning" ICOs. The forks are creating confusion and incertainty in the market, and it looks like Bitcoin Gold (Bitcoin fork that changes the PoW algo since Bitcoin Segwit2x is launching without replay protection and a difficulty adjustment on Bitcoin Core could take 4 to 5 months) is about to be thrown into the mix too.

There hasn't really been much good news lately, but if buy support can remain the same, and sell pressure is relieved because of people moving coins off of exchanges, then I can.see us reaching new ATHs... despite the uncertainty, bad news, and lack of good news.

[CoinHoarder]

Therefore, before the snapshot most Bitcoin users will be taking their coins off of exchanges and parking them in wallets where they have access to the private keys. This results in less Bitcoins on the exchanges to be sold and therefore in less downward pressure than normal.

But will it not also make the traders more cautious and take the stance of "wait and see" before they make their move on the market? I believe that trading will be very stagnant right before the hard fork. If I was made to guess in what direction the market will be, it would be down.

Even those that want to sell now (or in the near future) will likely be parking their Bitcoins, because the Segwit2x is effectively free money. The result will be the same amount of Bitcoin Core tokens and Segwit2x tokens. Although it is unclear as to which token may be the victorious in the fight for the rights to carry forth the Bitcoin flag, one thing is clear... both tokens will certainly not be worthless. Guessing who will be victorious in the battle is unclear anyways.

Without replay protection both "tokens" will be continued to be "parked" in their wallets. I also believe some will trade some of their Bitcoins for more promising altcoins.

Solid points, and I agree... I could see the market going down up until the fork too. I do not claim to be able to tell the future. My speculation is just that... speculation.

I had not thought about the Bitcoins being parked for an unknown amount of time AFTER the fork if there is no replay protection. Very good insight there, that will definitely effect the market.

[jackhdt]

A battle has been brewing among Bitcoin ecosystem participants for quite some time now. If taken at face value, then the battle is all about how Bitcoin should scale (bigger blocks, Segwit, Lightning Network, or ). However, as time goes by, and more pieces of the puzzle fall into place, it is becoming more and more apparent that the battle is actually a front for at least two hidden agendas. That is a complicated topic, one which I will save for another occasion. I promise to post my opinion on such soon. For now I simply wish to point out the main reason why Bitcoin will reach new all time highs in the near future.

More here: https://www.decentralized.tech/blogs/speculation-bitcoin-will-reach-new-all-time-highs-just-before-the-segwit2x-fork

This is possible. Just like the 1st August event. After the event split into Bitcoin and Bitcoin Bitcoin Bitcoin Cash, bitcoin price growth

[Duzter]

A battle has been brewing among Bitcoin ecosystem participants for quite some time now. If taken at face value, then the battle is all about how Bitcoin should scale (bigger blocks, Segwit, Lightning Network, or ). However, as time goes by, and more pieces of the puzzle fall into place, it is becoming more and more apparent that the battle is actually a front for at least two hidden agendas. That is a complicated topic, one which I will save for another occasion. I promise to post my opinion on such soon. For now I simply wish to point out the main reason why Bitcoin will reach new all time highs in the near future.

More here: https://www.decentralized.tech/blogs/speculation-bitcoin-will-reach-new-all-time-highs-just-before-the-segwit2x-fork

This is possible. Just like the 1st August event. After the event split into Bitcoin and Bitcoin Bitcoin Bitcoin Cash, bitcoin price growth

The entire price moves happening with bitcoin as a whole is completely unpredictable. Based on the fact I believe that bitcoin is all about trust and new ATHs were reached quite often. One such happened during the past 1st August, because during those days the price was expected to fall and in reality growth happened.

[mobnepal]

Yeah, duh? another free shitcoin for each bitcoin you have to dump for more real bitcoins - YAY!

Yeah its as simple as that, many have dumped shitload of BCH which they have got for free when price was near $1000 per Bitcoin cash.
I think same will happen to any other forked/clone version of bitcoin if network will be splited on November.

People will buy bitcoin all the way upto new ATH to get some free forked coins after hardfork, so I also think new ATH is possible before another possible hard fork.

[RoommateAgreement]

there will surely be a rise and it will become big but the previous ATH which was a little above $5000 seems to be a bit far away and the SegWit2x drama seems to me to be a lot closer than the time required for breaking the ATH and go above it like reaching $5500 for example.

besides the drama about China is not over yet. it can not get any worse than this but it is still like a hand-brake that prevents any speedy movement.

i think a more logical speculation would be testing of $5000 resistance once again before the fork drama starts.