Quote from: thecodebear on June 12, 2017, 05:38:30 AM

Quote from: Jon Connor on June 12, 2017, 04:34:00 AM

Quote from: ImHash on June 12, 2017, 03:43:15 AM

Quote from: RoommateAgreement on June 12, 2017, 03:03:55 AM

without SegWit price is rising to the moon, currently we are close to $3000.
and the demand is strong.

now imagine when SegWit activates and all the things you said come true. no more large backlog, no more higher fees, and no more delays. first thing that will happen is that all the money that went into altcoins will come out with their bubbles bursting. second thing is people who were a bit uncertain will come back and invest. the previous growing demand is also there.

in short if price is not going to $3000 with SegWit it goes to $6000

Being optimistic very much eh? the reason price is increasing like never seen before is because of the banks blocking some of the major exchanges accounts and their clients accounts as well, I predict the price to drop when they solve their issues, and again price being on the move towards $3500/$4500 after segwit is activated.

what banks? and what exchanges? I haven't heard this theory before as a factor for the price increase of BTC.

yeah thats because it isn't true. It was happening in China, but that got resolved recently. And it wasn't inflating the price, it was keeping it down. China started helping to push Bitcoin up again when China opening back up their exchanges for withdrawals.

So why did the price started to rise and rise and rise soon after wells fargo or something blocked bitfinex accounts? or right now withdrawals are blocked in China? those are good factors of price increase in my opinion. But never the less even if people start dumping for fiat who ever buys from them if holds on to their coins price should recover fast.