So maybe this is an amateur question, but isn't BTG (Bitcoin Gold) a fork for Bitcoin to allow for GPU mining again - which in turn creates "free money" anyway? That gets made available tomorrow.
I'm still a little unconvinced as to why the Bitcoin fork for Segwit has affected LTC and ETH, since LTC already has segwit. It comes back to my original question really; why are all three dropping when really it should only be BTC dropping?
Topic: BTC, ETH, LTC dropping November 2017 - page 5. (Read 1437 times)
with segwit cancelled we might see a bit of a drop in BTC
It's not and you may wrong about that. It seems a bit difficult to determine how the news that gives a lot of huge dump to the bitcoin but i sure about the more FUD that already written by someone in the bitcoin news site like cointelegraph and you can try to read it right now.
with segwit cancelled we might see a bit of a drop in BTC
Well what I think is that , people were looking to invest in segwit2x thus they were selling off everything they had to invest in bitcoins.
Thus etherum and litecoin showed a massive decline in their prices.
Now people were investing in segwit2x so they choosed to hold their bitcoins here but now .. simce segwit2x ia called off.. suddenly the bitcoin bubble brusted.
Now those investors are selling off their bitcoins as well because no hard fork means no free money and no need to hold bitcoins, since they were looking for some quick money now they are investing in other cryptocurrencies.
Thus etherum and litecoin showed a massive decline in their prices.
Now people were investing in segwit2x so they choosed to hold their bitcoins here but now .. simce segwit2x ia called off.. suddenly the bitcoin bubble brusted.
Now those investors are selling off their bitcoins as well because no hard fork means no free money and no need to hold bitcoins, since they were looking for some quick money now they are investing in other cryptocurrencies.
Why are these three cryptocurrencies simultaneously dropping in similar patterns?
I've been watching them for a few days now on my phone, and even the graphical charts are showing massive similarities in the rise and fall of the cost, but the overall cost per coin is dropping and there's no indication online as to why this is happening...
Does anyone have any news articles that describe why these three currencies are all falling in price at the same rates? It can't just be a case of "investors are selling their coins", because the patterns are almost identical at some points across three currencies - the odds of that happening at the exact same time, for the exact quantity of coins to be sold to equal the exact same drop are probably somewhere in the 1:1000000 range.
Everything I've read so far indicates Litecoin will rise in 2018 hitting $300-400 mark, but at the moment it's on a downward change with no real explanation as to why..?
EDIT: I am not making predictions, I am asking about the correlation between these three coins and why they appeared to have the same peaks and falls at the same time over a daily rate.
I've been watching them for a few days now on my phone, and even the graphical charts are showing massive similarities in the rise and fall of the cost, but the overall cost per coin is dropping and there's no indication online as to why this is happening...
Does anyone have any news articles that describe why these three currencies are all falling in price at the same rates? It can't just be a case of "investors are selling their coins", because the patterns are almost identical at some points across three currencies - the odds of that happening at the exact same time, for the exact quantity of coins to be sold to equal the exact same drop are probably somewhere in the 1:1000000 range.
Everything I've read so far indicates Litecoin will rise in 2018 hitting $300-400 mark, but at the moment it's on a downward change with no real explanation as to why..?
EDIT: I am not making predictions, I am asking about the correlation between these three coins and why they appeared to have the same peaks and falls at the same time over a daily rate.
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