Topic: BTC drop after fork 25th - page 6. (Read 3423 times)

In my opinion the Gold fork could be the start of a bearish phase with possibly very hefty price turbulences, but the real "trigger" would be the Segwit2x fork and associated dangers.

'Till a couple of days before the Segwit2x fork I think price could stay over $4000 (or even $5000). But then heavy speculation on worst case scenarios (with heavy short-selling) could begin. There are three different dangers:

1) that Segwit2x achieves so much hashrate that the Bitcoin Core chain will become unusable with very large block times (>80%), users panic and the price crashes; later it may recover and even win the "battle" but a nice "dip" would happen;
2) that Segwit2x achieves so much hashrate that serious (51%) attacks on the Core chain could happen (>90%) - it's not very likely, but may be the case. In this case Segwit2x will probably be the leading chain afterwards.
3) that if Segwit2x fails, an "angry" miner cartel of 51% attacks Segwit itself. I am still not 100% convinced about that threat, but it's probably more than a crazy conspiration theory. That could oblige Bitcoin to hard-fork to another algorithm, and would be very, very bearish (and maybe bullish for Bcash).

These risks are known, so after the Gold fork people will invest less, and investment will practically cease just before the Segwit2x fork triggering turbulences.

Yes no one know about the future, but still i will like to say that people are still interested in bitcoin, we have good experience from previous hardfork and i think that this time we are again expecting the same result. i think that bitcoin price will even increase after hardfork, because currently people are not investing money in bitcoin as they want to remain safe tell the hard fork and once it become over they will again start investing money in bitcoin.

Market might not react in the same way always as hype of bitcoin gold is not that high like it used to be for bitcoin cash. Yes during august fork price of both bitcoin and bitcoin cash was dropped significantly after fork but price of bitcoin recovered faster than expected while bitcoin cash is still struggling to reach its ATH price of $1000.

That is possible, but we cannot says if it is happen because if they review the fluctuation graph of bitcoin. It is hard to get rhythm of bitcoin movement in the market. However I'm still holding my bitcoin in my wallet, because even their price is move up and down I believe that in the end bitcoin value were raised up, more than I expect. Since bitcoin fluctuation was so unpredictable I guest it's better to hold it for the mean time until it will become stable.

Probably not. Bitcoin gold fork isn't getting a lot of attention nor the support, so it's unlikely people would sell after that fork. On the other hand segwit2x fork is the fork that we should be looking forward to it can cause major turmoil in bitcoin economy.

There was already a small dip and recovered in an instant. I just think that even we all know that fork before is not as deadly as we think, many will still panic within the period of fork and after fork but I am sure that it will eventually pump in the coming weeks.

If the prospect of Bitcoin Gold really represented a network split, then yes. But the thing is, it doesn't. Bitcoin Cash probably diluted some investment away from BTC (some people put money into BCH instead of BTC), but I don't think Bitcoin Gold will have that effect. I think it's doubtful that most major exchanges (like Coinbase, Bitflyer, Bitstamp) will support BTG trading. Bitfinex probably will, because they offer trading on lots of new shitcoins, no matter the fundamentals.

But I think that since it will only be added to altcoin exchanges like Bitfinex, Bittrex and Poloniex (maybe), that it will function more like any other altcoin. It just has a different distribution mechanism (dividend/airdrop).

Amen. Truth be told, this trend of creating shitty altcoin with bitcoin in their name every couple weeks has me worried. It will confuse the hell out of people that are coming into crypto from now on. Alas, there's not much we can do but not use these shitty copies.

Fork will probably cause the price of BTC to go up right? I don't see why people aren't going to dump bitcoin gold and then purchase Bitcoin as they did with the original fork and with bitcoin cash. It seems like that is what will be happening with these up and coming forks.

Yes it seems likely btc price will drop after the fork, because most of the many people will selling it simultaneously in the moment price soaring very high when fork is happening. But I do not know how the reality, what may also many people will still holding their btc when price are soaring at that time or even will selling it.

always but we cannot speculate cuase bitcoin value always fluctuation there's a chance bitcoin well go up or go down according to the  demand of supply from the market . As of know there are some negative prediction about after fork but let just wait for the result maybe bitcoin can survive and continue to climb.

My advice to you if you worry about current price, you would be to wait another month or two for some of the current prices to come down another and then go out and purchase Bitcoin again.

Although nobody is yet confirm about what will happen after the next fork but I expect that If BTC price will not increase rapidly then there must be a gradual increase, but i am not expecting any type of dump in BTC price. However I believe that Bitcoin Gold will never be like BTC.

is not it the other way around? I mean, we all see bitcoin a few times hard forks, but bitcoin prices continue to rise.will it not happen again? whether bitcoin will decrease or vice versa?

If we are going to check the history and charts, look at August 1 price $2,783 USD, after that it dropped to $2,728 USD August 3 and that was the lowest after the fork last August. It may slightly drop but with the recent media attention that Bitcoin is receiving more and more people wants to try and invest in Bitcoin and that means increase in demand. That's why speculators are looking at $7,000 USD before end of this year or might be higher because of the demand in the coming holidays. 

We dont know what actual price of bitcoin and bitcoin gold after the fork. Maybe if the price of bitcoin gold is high possible the price of bitcoin decrease. Because they get funds to the bitcoim so the cap of the bitcoin will dercease and transfer to the bitcoin gold. Thats I think correct me If Im wrong . But I hope the price of bitcoin and bitcoingold will continue to increase so we can make a lot of profit.

Yes it may happen, when the occurrence of hardfork and bitcoin gold created. bitcoin prices are predicted to decline due to an indication of fragmented demand from the public. I am worried as happened to Bitcoincash, initially bitcoin price decreased but a few weeks later bitcoin price back to normal treck and we can see better bitcoin price. but the panic made me very worried, I do not know what steps I will take. For some people that patience will be the deciding factor of how they will lose or not.

There are high chances that price will keep rising

I think it will down like usual because we have already face the fork before and I think the conditions will be the same too. but the price will bounce up again and reach the highest price again. but there is only our prediction because we don't know what will happen later and if the price is really down, then its the best time for us to buy bitcoin at lower price. I think many people won't let their chance for the right time to buy because its difficult to find the right moment when the price is down.

I don't know man, as far as I've read Bitcoin gold's developer will have pre-mine coins before launching BTG. this is somehow fishy, BTG will be a shitty coin because of what the developers are planning and it might better to drop this coin before growing and having their own cult (like with bitcoin cash)
BTC drop would likely to happen because of "FUD" and fear on the price decreasing after the fork on 25th.