The BTC price will continue to infinity.
The hard fork is an idea put forward by the largest manufacturer of mining equipment (BITMAN). This proposal is already being implemented today 1 August. However one of the most mentioned predictions is that the price of the BTC will eventually rise to its previous high, that is to say it will touch $ 3,095 less than what is expected.
When Bitmain originally proposed Bitcoin ABC, it was intended to serve as a B plan for the Bitcoin Improvement Proposal (BIP) 148, a user-friendly soft fork designed to enhance the activation of Bitcoin Core's malleability of transactions. (SegWit). As the mining community bitcoin, industry and users agreed to activate BIP 91 and BIP 141, the original SegWit proposal, in order to scale the bitcoin network in the short term and solve some of their underlying security problems, apart Of the ABC Bitcoin proposal and fully allocating its resources to activate SegWit.
However, there is optimism around the SegWit and some experts suggest it will reach $ 4,000 in 2017.
Given the optimism surrounding SegWit and its ability to create an infrastructure for two-layered solutions such as Red Lightning that will allow micropayments and open doors for a wider range of applications to be launched on the bitcoin protocol, financial analysts including Max Keizer and China's leading bitcoin operator BTCC CEO Bobby Lee has emphasized that in the medium term, probably in the coming months, the price of bitcoin will break the $ 4,000 mark and set new record highs.
With the execution of the Hard Fork of the Bitcoin Cash literally hours away, the bitcoin price has suffered from a minor correction. After August 1 occurs the hard fork and the exchanges, trading platforms and companies will stabilize, the price of bitcoin probably rebound and aim to set a new historical high.
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