bgloading
loading

Loading...

Play fun games instantly !

Enjoy our wonderful community!

0 online
1985
Topic Views
5
Replies

Topic: ╢discussion╟ crypto-market massive price fluctuations

 
user
July 12, 2017, 6:32 pm
There has been mass volatility in the cryptocurrency market lately.

From what I can gather it seems to be caused by numerous, but drastic factors ranging from Exchange outages/downtimes to The New York Agreement and confusion over the future of Bitcoin, proposals made by major pools and such to political developments (do not start an argument over politics just discussion related to market).

Here is a timeline provided by BitcoinMagazine regarding important times regarding Segwit activation and The New York Agreement proposed integrations.

Bitsler Image

Here is a detailed analysis by BitcoinMagazine discussing the implications of integrating Segwit2x into Bitcoin which is one of the factors of The New York Agreement: Segwit Acceptance - Bitcoin Magazine


Here is a statement from the bitcoin.com team regarding The New York Agreement:
Bitcoin.com Team wrote:
Although we do not believe that a “Segwit + 2MB compromise” is the best way forward for Bitcoin, we very strongly believe that the problems facing Bitcoin today are dire and that something must be done, as soon as possible, to increase Bitcoin’s on-chain transaction capacity. Doing so is the only way to alleviate Bitcoin’s exponentially rising fees and slow confirmation times. To the extent that the agreement provides a time frame, broad industry agreement, and a real block size increase, it is reasonable. Our acceptance of this agreement does not change our support for Bitcoin Unlimited or other implementations, and we will continue to push for the removal of all centrally-imposed capacity limits on Bitcoin. Any such limit will only ever serve to hinder Bitcoin’s future growth.

This agreement being the first such proposal in nearly two years to find support from major industry players on both sides of the scaling debate, we felt that to remain opposed to this development because it wasn’t our ideal outcome would only prolong Bitcoin’s capacity crisis and contribute to even more division than there already is. In our view, the long term health and survival of the Bitcoin network is of greater importance than being the “winners” of the block size debate.

At the same time, we have not forgotten that a previous agreement of this nature (with nearly identical terms) not only fell completely flat, but actually widened the divide in the Bitcoin community and prolonged this nasty debate by far longer than acceptable. We remain cautiously optimistic that the agreement made in New York this week may be able to bring an end, or at least temporary relief, to the existential threat that faces Bitcoin today. We wish to emphasize that while this is an agreement, it is not binding and we are not particularly attached to it. Should we feel that this agreement is not being acted upon in a timely manner, or if it begins to resemble another excuse for extended stagnation, we will quickly and emphatically withdraw our support and continue our efforts towards scaling Bitcoin on-chain, in accordance with the design of the system as outlined in the Bitcoin whitepaper.



What are your feelings as to why every cryptocurrency is varying so dramatically lately? Is it mass panic? The burst of a bubble? The end of an era or just a new opportunity?
3
 
user
2017-07-12 22:13:10
Скорее всего, падение биткоин - это временная путанница, сделанная специально, провокация перед новым подъёмом цены. Сейчас происходит спад и уравновешивание цены биткоин, после чего будит резкий всплеск в цене. После крупной перекупки на биржах начнётся подъём цены за биткоин.
1
 
user
2017-07-13 16:54:42
Скорее всего, падение биткоин - это временная путанница, сделанная специально, провокация перед новым подъёмом цены. Сейчас происходит спад и уравновешивание цены биткоин, после чего будит резкий всплеск в цене. После крупной перекупки на биржах начнётся подъём цены за биткоин.
Calipsa wrote:
Most likely, the drop of bitcoin is a temporary confusion, made especially, a provocation before the new price rise. Now there is a decline and balancing the price of bitcoins, after which a sharp surge in the price wakes up. After a major resale on the stock exchanges, the price will rise for bitcoin.

While I agree with what you said here, don't you feel there's anything else at play? The uncertainty of August 1st?

( Please lets try to keep this thread in English for consistency and given there are other language forums out of consideration for everyone )

Thank you for your insightful response!
0
 
user
2017-07-17 12:17:58
For me its TIME to buy crypto-currency iam sure that after segwit time their price grow up more and more
0
 
user
2017-07-17 13:57:45
Excellent additional insight.


Recently there has been discussion of a major North American economic collapse purportedly to occur with the USD around August/October. I have just seen several things on this -- one by a politician.The US stock market in particular the NASDAQ in particular hit record highs within the last year. With such fear of a 'bubble' there is the certainty of the manifestation of this fear as a reality. Primarily it is dependent on several factors such as the spreading of paranoia of failure followed by aptly justified mass panic and international relations being factors.

This in and of it self may be a large price driving factor for crypto because of people searching for a 'safer way to keep their money' for fear of a repeat "Great Depression".
0