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.
Such demand did exist but it all went into alt-coins because BTC could not take on the capacity of new users because blocks were full. Segwit will release this bottleneck and all the users that bought alt-coins will flow back into BTC.
Total crypto market cap went from 20B to over 100B with BTC losing 40% market share. Expect a large % of this market share to come back.
Thank you for that. I didn't know that people left Bitcoin and went to Alt coins because of Bitcoin network problems. I thought they bought Alt coins because they are cheap and possibly earn a lot more money on their investment in a short time. I guess you are right with BTC and that may very well happen. Do you think Ethereum have a good future or will it ever be like Bitcoin?