Quote from: Kemarit on July 21, 2017, 03:40:25 PM

Quote from: Sniper44 on July 21, 2017, 02:53:37 PM

Quote from: darkagentx on July 21, 2017, 11:41:13 AM

I dare say, $ 3800 will be reached by next week, so prepare for some rough and rowdy BTC coaster ride.

my reaction to your comment was funny.
at first i wanted to say "no way, that is a big rise and won't happen, we already had a huge rise this year from $1000 and that is a ridiculous yearly rise"

but then i remembered all the things that has happened this year, the mass adoption in Japan for example, the removal of taxes in a couple of countries regarding bitcoin. and then remembered the same me thinking no way price goes above $2000 this year back in January!

and you know what i am going to say this time.
i say activation of SegWit is an end to a many year long debate over the block size which has been keeping bitcoin back from rising big time. we should have been at $3800 last year not in the future, so it is easily possible to get there and over it in a short time.

Right now I'm seeing $2800 and BIP91 is already locked in and around 250 blocks until rejecting non-SegWit blocks. So if the trend continues, we will see $3000 can be touch and maybe $3800 or more could be broken before the year ends. Who would imagine that bitcoin price has moved this far since beginning of the year? Especially after the first ETF rejection, when the price falls back to sub $1000 and people are saying that bitcoin is dead but look at how the price of bitcoin now. So I guess anything is possible and we may unexpected saw bitcoin grow to $5000, who knows.

Bitcoin's price often surprises everyone. In 2013 it had a massive pump up to $250 and I doubt anyone expected it to go higher that year. Six months later it went above $1000. Things are so bullish this year history might repeat itself. Just because it's already been pumped doesn't mean it can't get pumped far higher.