BTC price directly before the fork - page 2.

In the silence

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''Vincit qui se vincit''

Quote from: Yuuto on July 30, 2017, 04:20:36 AM

Quote from: Kepler-148b on July 30, 2017, 03:26:59 AM

Two alternate theories:

- BTC price will go up directly before the fork because everyone wants some free BCC.
- BTC price will go down directly before the fork because forks are kind of scary.

Which one do you think? Huh

Logically speaking, the first option is probably not going to happen. It's either going to be the price is going to stay where it is right now, or more likely in my opinion, the price is going to go down due to people panicking about the situation.

Why? Because you're actually not getting anything free from getting the BCC. Currently, the bitcoin price is already bitcoin core + bitcoin cash combined if you get what i'm saying. After the chain split, bitcoin + bcc is going to equal to 1 "whole" bitcoin. So if you don't claim your BCC, you're in a loss. If you do, you don't gain anything, you're just breaking even.

But as i said, people are emotional beings and they are definitely going to panic. I think that a $200 adjustment or perhaps even more could be possible tomorrow.

You have a point here that bitcoin core and bitcoin cash value is now stable combined. But we need only one bitcoin and august 1 will be the judging day.

Pierre 2

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Btc price will directly go down before so called fork because its not safe.
But everyone will accet its not huge deal and return.

OddEvenBets.com

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I think after segwit BTC price will be rise.
No chance to down price.

flippener

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Quote from: HeRetiK on July 30, 2017, 05:12:33 AM

Neither. BTC price will be unimpressed by the fork and then go up afterwards because the skies didn't fall and the earth is still spinning.

That's how I see it. Also, I think we'll see trading go to lower volume as the deadline approaches and people move their BTC out of online exchanges - I'd be surprised if the prices move very much. I do wonder, though, if there might be opportunity to do lending at high percentages as the BTC goes away (i.e. as liquidity is removed from the market).

HeRetiK

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Quote from: Kepler-148b on July 30, 2017, 03:26:59 AM

Two alternate theories:

- BTC price will go up directly before the fork because everyone wants some free BCC.
- BTC price will go down directly before the fork because forks are kind of scary.

Which one do you think? Huh

Neither. BTC price will be unimpressed by the fork and then go up afterwards because the skies didn't fall and the earth is still spinning. BCC will probably be more interesting to watch. Will people really rush to the exchanges to dump their BCC or will we see a pump? Will fresh fiat find its way into BCC because it's cheap or will it stick with BTC because its proven?

zarados

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are the most people do the first option? I dont really understand. because as I know, btc price will go up because the activation of segwit. Maybe like the ltc, after the segwit activation, the price is climb so high. So I think the btc price will do the same.

Yuuto

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Quote from: Kepler-148b on July 30, 2017, 03:26:59 AM

Two alternate theories:

- BTC price will go up directly before the fork because everyone wants some free BCC.
- BTC price will go down directly before the fork because forks are kind of scary.

Which one do you think? Huh

Logically speaking, the first option is probably not going to happen. It's either going to be the price is going to stay where it is right now, or more likely in my opinion, the price is going to go down due to people panicking about the situation.

Why? Because you're actually not getting anything free from getting the BCC. Currently, the bitcoin price is already bitcoin core + bitcoin cash combined if you get what i'm saying. After the chain split, bitcoin + bcc is going to equal to 1 "whole" bitcoin. So if you don't claim your BCC, you're in a loss. If you do, you don't gain anything, you're just breaking even.

But as i said, people are emotional beings and they are definitely going to panic. I think that a $200 adjustment or perhaps even more could be possible tomorrow.

Kepler-148b

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Two alternate theories:

- BTC price will go up directly before the fork because everyone wants some free BCC.
- BTC price will go down directly before the fork because forks are kind of scary.

Which one do you think? Huh

Topic: BTC price directly before the fork - page 2. (Read 1211 times)