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Author Topic: Fork gone! BTC to $10k in 2017 guaranteed!  (Read 2206 times)
thecodebear
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November 08, 2017, 06:06:34 PM
 #1

The uncertainty and general possible mayhem of the fork was the only thing standing in the way of $10,000 BTC by end of 2017. Now with the fork removed I think we are guaranteed to hit it in December.

How high do you think it'll go before end of year? If Bitcoin keeps its average pace this year it'll hit $11,000 roughly on the last day of the year.
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November 08, 2017, 06:12:50 PM
 #2

it is gone or suspended ?
i just heard they're suspending it not remove it,right ?
well i think we will see a correction in a few days later on,and then the ride start.
i believe we will see it this year or at least next month we should touch that point.
slowly but sure we will hit another ATH for this year and then stabilize it in there.
at best we should see it around $10.300 more or less than that

NB:
for them who want to know about the release and news regarding the fork you can check it in here :
https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

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November 08, 2017, 06:16:05 PM
 #3

The uncertainty and general possible mayhem of the fork was the only thing standing in the way of $10,000 BTC by end of 2017. Now with the fork removed I think we are guaranteed to hit it in December.

How high do you think it'll go before end of year? If Bitcoin keeps its average pace this year it'll hit $11,000 roughly on the last day of the year.

I still think we will see a correction pretty soon.
And then after that we may go for 10k.
However if we go to 10k straight, man I don't know. Look at the chart. We need some cool down!
Too much parabolic movement without any significant dip will hurt later if the trend reversals, even if it's just for a
short while.

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November 08, 2017, 06:25:44 PM
 #4

I have watched BTC go from 2-3k in June 2017, 4k in July-August 2017, and 5-6k between September and October, now it is November 2017 and it is currently 7.5k at this very moment. There is no doubt that with the way of popular demand and bitcoin causing curiosity to the masses, about it spiking to 10k by the end of 2017. Hell, itll probably be 10k by the end of the month! here's to hoping <3; we can use the nonexistent fork to eat all of the bread we will be making. #happycryptolivesforthewin

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thecodebear
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November 08, 2017, 06:31:08 PM
 #5

it is gone or suspended ?
i just heard they're suspending it not remove it,right ?
well i think we will see a correction in a few days later on,and then the ride start.
i believe we will see it this year or at least next month we should touch that point.
slowly but sure we will hit another ATH for this year and then stabilize it in there.
at best we should see it around $10.300 more or less than that

NB:
for them who want to know about the release and news regarding the fork you can check it in here :
https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

They cancelled it. It's gone.

I mean sure Bitcoin still needs block size upgrade at some point in the future, but they essentially said they'll only support it when there is consensus around it and not when it threatens to divide the community. So yes, the contentious hard fork is 100% gone.
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November 08, 2017, 06:37:59 PM
 #6

The uncertainty and general possible mayhem of the fork was the only thing standing in the way of $10,000 BTC by end of 2017. Now with the fork removed I think we are guaranteed to hit it in December.

How high do you think it'll go before end of year? If Bitcoin keeps its average pace this year it'll hit $11,000 roughly on the last day of the year.

I find it so odd that they took out the fork because it seemed so crucial -- there was such a build up to it and now it's gone before everyone expected to sell. We'll probably have a load of panic sellers right now trying to get the most out of this bubble that they tried so hard to ride up.

Should maybe drop down by a 500-1000 dollars. In the past few minutes that I've been keeping up with the price, there has been a drop of around $300. I'm not too worried though; it's probably better for the longevity of BTC to not have too many forks like these especially ones that seem like an attack more than anything.

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November 08, 2017, 07:05:33 PM
 #7

The uncertainty and general possible mayhem of the fork was the only thing standing in the way of $10,000 BTC by end of 2017. Now with the fork removed I think we are guaranteed to hit it in December.

How high do you think it'll go before end of year? If Bitcoin keeps its average pace this year it'll hit $11,000 roughly on the last day of the year.

Not sure about the timing. I'm never one to make time predictions, especially with less than 2 months left in the year. Did you see that massive eiffel tower in BTCUSD after the news? Seems like there's a battle between traders who bought because of the 2x "dividend" (which was trading at 15% of BTC's value) and are now selling, and investors who are buying the dip.

I'm thinking the trend will continue upwards, but after today's volatility, I wouldn't be surprised to see more choppy action either. Looks like money is flowing back into altcoins, which is generally good for drying up BTC supply on the exchanges.

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Catmony
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November 08, 2017, 07:22:40 PM
 #8

Now its time for alts to get green like vegetables but I still don't think price of bitcoin will correct below $7k, now there is nothing coming so bitcoin is the only chain that will be recognized as original chain.

Might be bitcoin2x supporters got worried after looking at how both forks before this one got ripped off.

Now atleast $10k by end of this year looks possible.

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November 08, 2017, 07:30:30 PM
 #9

The uncertainty and general possible mayhem of the fork was the only thing standing in the way of $10,000 BTC by end of 2017. Now with the fork removed I think we are guaranteed to hit it in December.

How high do you think it'll go before end of year? If Bitcoin keeps its average pace this year it'll hit $11,000 roughly on the last day of the year.
I too read about the thread which is been informed about the segwit failure by lauda.
There is possiblity as you said, but do not know how we can sure that bitcoin price will reach 10k US dollars.
If we can get the supply and demand more bitcoin we can expect the big amount without any adoption.


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November 08, 2017, 07:37:03 PM
 #10

Very difficult to speculate what will happen in short-term.
There is a high possibility that many people who have held their bitcoins till now, Sell their coins as there is no longer any Bitcoin Segwit2x.

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thecodebear
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November 08, 2017, 07:45:23 PM
 #11

Very difficult to speculate what will happen in short-term.
There is a high possibility that many people who have held their bitcoins till now, Sell their coins as there is no longer any Bitcoin Segwit2x.

Yeah short term there could be a correction as people move back into the altcoin market now that they don't get B2X coins. But overall I think this is very positive for the price and there will definitely be another boom this year even if there is a short term correction now.
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November 08, 2017, 07:50:27 PM
 #12

No. This will not be possible. What are the reasons now for the price to rise? I think that now will be the correction and bitcoin at best by the end of the year will be held at the level of 7000+. This is a good result. If the rumors that Amazon will start to accept bitcoin proves true then it can give a significant push prices up. But I think that this is unlikely.

thecodebear
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November 08, 2017, 07:54:29 PM
 #13

No. This will not be possible. What are the reasons now for the price to rise? I think that now will be the correction and bitcoin at best by the end of the year will be held at the level of 7000+. This is a good result. If the rumors that Amazon will start to accept bitcoin proves true then it can give a significant push prices up. But I think that this is unlikely.

Well Bitcoin being stable and not worrying about what is going to happen to it with the fork leads to a lot of investor confidence so that will help push price up. Plus the CME futures market will be starting by the end of the year which will also apply upward pressure. It does need a correction before the end of the year, but I'm guessing it'll be short lived.
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November 08, 2017, 07:55:50 PM
 #14

Very difficult to speculate what will happen in short-term.
There is a high possibility that many people who have held their bitcoins till now, Sell their coins as there is no longer any Bitcoin Segwit2x.

That may be, but they will buy back (probably at premium levels) once they notice that people won't dump, but just further start accumulating. I am happy to see that at least some people have enough decency to admit that SegWit2x isn't a viable option to go for -- that requires steel balls, which I have respect for. It was the entire community that was preparing itself for yet another chain split, but we have booked some real nice progress here. Of course there will be a whole lot of people disappointed in the fact that they will not be able to get their 'free' money anymore. All their hope will now be focused on the amateurish BTG to launch soon....

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November 08, 2017, 07:58:29 PM
 #15

People who hoped for free coins are dumping it a bit, but the next big thing is the ETFs that will pop up!
Happy that the 2x didn't go through, so I don't need to worry about this replay protection!


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November 08, 2017, 08:00:28 PM
 #16

As far as I know, it's suspended due to "lack of community support". Or, in reality, many miners backed out of it. Although I like not having a split, the hard fork with bigger blocks is still needed!

A couple of months back, the UAHF was prevented when miners came up with the New York agreement. They agreed to activate SegWit (this has happened), and the next step would be larger blocks.
But, larger blocks means less fees, and since miners now easily earn $15000 per block in fees alone (last block: $22566 in fees plus $91242 in block reward), they have a huge financial interest in keeping Bitcoin blocks small.
It wouldn't surprise me if this was the plan all along.

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November 08, 2017, 08:03:16 PM
 #17

Just seen the price going up to almost 8K, then dropped a few hundreds. But despite this little bump, it will go up again. Bitcoin will reach 10K before the end of the year, that's for sure.

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November 08, 2017, 08:46:53 PM
 #18

The uncertainty and general possible mayhem of the fork was the only thing standing in the way of $10,000 BTC by end of 2017. Now with the fork removed I think we are guaranteed to hit it in December.

How high do you think it'll go before end of year? If Bitcoin keeps its average pace this year it'll hit $11,000 roughly on the last day of the year.
I think the same, that fork was the greatest threat to bitcoin in a long time and now that is out of our path bitcoin seems destined to reach even greater heights, 10000 dollars before the end of the year seems like an adequate amount but I think we are also going to see a small correction since many people were buying bitcoin because they wanted to have segwit2x coins and as such those people are going to sell and get altcoins instead.

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November 08, 2017, 08:54:10 PM
 #19

You never know. We might already have seen the peak action for the year. It's quite possible all this buying was for free coins that were technically not supposed to exist at all. Never underestimate the stupidity of the people out there.

I don't really care about the price compared to the potential disruption 2X was going to bring, but I never really believed it was going to happen anyway.

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November 08, 2017, 09:02:13 PM
 #20

The uncertainty and general possible mayhem of the fork was the only thing standing in the way of $10,000 BTC by end of 2017. Now with the fork removed I think we are guaranteed to hit it in December.

How high do you think it'll go before end of year? If Bitcoin keeps its average pace this year it'll hit $11,000 roughly on the last day of the year.

What if it was the other way round? People could have allowed it to rise to 7k mainly because of the expected fork. What if the majority expected lower fees and a faster network and hoped that this is what the fork brings? You can never read the public. I've seen buying pressure clash with a huge dump attempt not long ago on major exchanges and so far the bulls are winning, but we'll see what happens when they're given time to move their cold wallets to exchanges. It could still end up with a crash.

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