Get ready As bitcoin price sets to hit $3000

As seen in speculation and in the current pull back of bitcoin due to the segwit news, and a lot of users running massive transactions and trades ,one can foresee that bitcoin could hit $3000 sooner than expected.

Bitcoin which is at $2600+ now should be watched for massive pull backs once the segwit is finalised. The segwit which was agreed by miners was signaled by the community and here as BIP91 was finally agreed on. Which caused the high pull back price in bitcoin.

So one can say or think that segwit finally won, but let there still be a close watch until August 1st-5th , And as peter todd said that you should only accept upto 6 confirmations in your transactions when the BIP91 is finally activated as issues like double spending is likely to happen but will only happen in a day or two and everything will be back to normal.

There are predictions that bitcoin might hit $5000+ by the end of the year 2017, so gear up for the future as we will always keep you updated for the latest in the cryptocurrency world.