Topic: Bitcoin forks destroying atlcoins! - page 4. (Read 1715 times)
I agree that these forks that comes after another are the worst moments for altcoins. It's like everyone is selling their altcoins to get more bitcoins to be able to receive free money from those another bitcoins imitations just like what happened on the split event on bitcoincash.
Forks have definitely been hurting the altcoins in the short term but I think more people getting into cryptocurrency investing with bitcoin can only be a good thing. There will be a decent % of those new investors who will start looking at other coins for more returns/out of curiosity, which can only mean more money coming to the altcoins
Let's hope that the S2X fork this month is last one for Bitcoin at least for some months.
The China ICO ban has also dampened the entire altcoin market. But all this could change
fast in coming weeks so just need to hold on tight to your bags.
The China ICO ban has also dampened the entire altcoin market. But all this could change
fast in coming weeks so just need to hold on tight to your bags.
I heard there would be another fork. Bitcoin silver in December. Too many forks
This is the time when I wish I had a lot of fiat money right now so I can buy more altcoins. I'm new to crypto and first time experiencing the effect of forks. For those experts, Is it possible that some altcoins will not be able to recover after the fork?
Yes it is possible that some altcoins will not be able to recover after the fork or maybe they need a lot of time to recover from sudden downfall. When fork had happened some altcoin holders convert their coins into Bitcoin just to have the free split coins like BitcoinCash and BitcoinGold. That is also the time where the price will skyrocket due to panic buying so due to the massive dump of altcoins the most affected altcoin will not be able to recover right after the fork but there are still coins that can easily recover especially those altcoins that has bigger supportive and stronger community. That is how risky altcoin investment is because we cannot predict exactly when it will be rising again.
Let's hope that the S2X fork this month is last one for Bitcoin at least for some months.
The China ICO ban has also dampened the entire altcoin market. But all this could change
fast in coming weeks so just need to hold on tight to your bags.
The China ICO ban has also dampened the entire altcoin market. But all this could change
fast in coming weeks so just need to hold on tight to your bags.
I look at those Bitcoin forks as an opportunity and not as opposite of it. Whenever there's upcoming fork, Bitcoin price shoot up and altcoins suffer so much that there are times its price is slashed to half, but look at it as an opportunity to buy altcoins at discounted price. Buy if you are not going to participate on the hard fork or buy after the hard fork as altcoins price will start to recover after the fork.
They seem to be making a barricade for the growth of entire crypto world. But we need to get along with it and take it easily.
Bitcoin is an open source project and anyone can for it anyway they like, it's upto the user which version to choose.
Bitcoin is an open source project and anyone can for it anyway they like, it's upto the user which version to choose.
Yeah, to many fork lately, I mean way toooooo many
It is killing alts
Why such a hurry? To many forks in a short period of time, God!
It is killing alts
Why such a hurry? To many forks in a short period of time, God!
This is the time when I wish I had a lot of fiat money right now so I can buy more altcoins. I'm new to crypto and first time experiencing the effect of forks. For those experts, Is it possible that some altcoins will not be able to recover after the fork?
i think there is possible for altcoin to not be able to recover after the fork especially if bitcoin price is increase like today because people will use bitcoin first than altcoin. but i still have a faith that altcoin will increase again after bitcoin gets stable in one level price so the time for altcoin to increase is coming and in that time, i think we can prepare to sell our altcoin to take profit.
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No, bitcoin fork is not destroying all these altcoins but just these altcoins can't withstand with the massive price pump of bitcoin. You can see, the core of many projects' ICO Ethereum, been dumped so hard. From its ATH which at rate 0.13 if I'm not mistaken, has now become 0.041.
All the money in all these altcoins have been migrating to bitcoin, making the price go up, increasing the bitcoin dominance towards the whole crypto market and many more.
All the money in all these altcoins have been migrating to bitcoin, making the price go up, increasing the bitcoin dominance towards the whole crypto market and many more.
This will probably happen until Nov 15th. In the meantime make a list of the best altcoins that you want to invest in. Once the fork happens we should see a reverse trend. It's all about market timing at this point.
Invest in good altcoins such as CVC, Worldcore, ETH, etc.
Yes, with the increase price of Bitcoin and at every hard fork the price of Bitcoin is increasing and it is affecting the altcoins. People who are holding the altcoins faced a lot of loss with the increase price of Bitcoin.
Altcoin prices are falling due to rising bitcoin price, this is because the market demand for bitcoin is very much and people are more interested in bitcoin. It's only temporary because altcoin prices will definitely stable again.
Quote
If Segwit2x miners manages to kill original chain with a 51% attack, Bitcoin will eventually lose the crypto throne. My bet is on Litecoin. ~ Charlie Lee tweet link
What does 51% attack suppose to mean.
This is just getting worst. Do you think Bitcoin value correction would be $5000
Quote
If Segwit2x miners manages to kill original chain with a 51% attack, Bitcoin will eventually lose the crypto throne. My bet is on Litecoin. ~ Charlie Lee tweet link
This is just getting worst. Do you think Bitcoin value correction would be $5000
Yes its destroying altcoins but the bitcoin holders really enjoying the moment . I sold some of my ether to get bitcoin even ether price reducing everyday. Now i cant sell other altcoins because its more than 50% lesser than the price i bought .
when is the actual date of the btc fork in this november?
So do you think when ppl take away some money from BTC, maybe when it reached 10k, that they will invest the money again in altcoins like dash/eth/LTC etc?
What would be a realistic scenario to push the altcoins instead of BTC?
What would be a realistic scenario to push the altcoins instead of BTC?
I would focus on your second part of the question. I think if an alt has good potential, team and constant updates and developments, then it does not matter how many Bitcoin forks happen, that alt will eventually recover. And as for Bitcoin forks, yes they are bad for a healthy growth of alts, but then most alts are anyways useless. So why not benefit from the Bitcoin forks and then invest in good alts!!
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