Quote from: Stedsm on August 08, 2017, 08:32:12 PM

Quote from: ethtraderdude on August 08, 2017, 08:22:11 PM

what are the key reasons to expect $4000 in light of the uncertainty in the coming months?

The most important reason that could prove to have an upside surge in the price of Bitcoins would be SegWit.
Activation of SegWit as well as its work are both going to appreciate the value of Bitcoins in fiat because if fees get lowered back to where they used to be and confirmation speeds boost up, then 4000 is nothing and it could even head up to 5000.

I'm curious to know where such figures come from? I understand that over the past year Bitcoin has risen almost 5-fold, But we do not know how much stronger fluctuations can be in the market. How can even today we can expect three and a half 2000 dollars or even 4,000. But a5000 does not speak.