Post
Topic
Board Speculation
Re: Bitcoin price after 1 August - Down 50%
by
Miz4r
on 29/06/2017, 17:57:34 UTC
I don't understand why people think BTC price will reach $5000 after Segwitt or hit the moon one day! I think you all agree that the price is totally dependent on demand. So why should Segwitt or any improvement in the blockchain increase demand hence raise the price? If such a demand exist we would have seen it already. I just trying to be realistic here and trying to decide whether to sell or hold before it all goes mad because I can't find any reason yet for the price to go up! Help me here speculators.

Think about it, many people are scared of August 1st and what's going to happen. They are sitting in fiat or have fled into altcoins to wait out the storm. What do you think is going to happen when disaster is avoided and Segwit activates and people are cheering and celebrating for finally getting Bitcoin out of its years long deadlock? Oh man if you can't even see the obvious answer to this question I guess there is no helping you.