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Topic: BTC Price Pumps and Forks - page 3. (Read 1284 times)

sr. member
Activity: 422
Merit: 250
October 15, 2017, 04:32:17 PM
#30
All of this action is good for the Bitcoin network. If it's an attack like a fork then that'll just strengthen the Bitcoin network in the end, it won't actually have any real long term damage to the network.
sr. member
Activity: 686
Merit: 250
October 15, 2017, 04:22:28 PM
#29
As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.
What would be normal was to dump the "old" fork when this is done to get better new technology. What  we are seeing with BTC is the creation of forks with nothing new to add besids more volatility and crazyness to this market. People are enjoying all the "free" money, just hope it won´t backlash and really damage BTC.
sr. member
Activity: 630
Merit: 251
October 15, 2017, 04:14:11 PM
#28
As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.
Yeah, i think the sudden overwhelming demand of bitcoin occured due to upcoming possiblity of bitcoin gold fork.
People are engaged in pursuit of more and more btc, hence traders predict its position will be at peak.
I am in hope of its continueous increase after fork so that we can take sufficient profits from it.

Exactly, after the fork will the price of btc still increase? Maybe yes, but how much and until when? If the price after the fork plummets or become stagnant will we expect another fork by the next month? Will it be a trend so people will hoard as much bitcoin as possible.
This is the sure thing that after every dump there is a pump that takes prices to the extreme level and example is here china decision created a fork and prices go down to the 3000$ and now pump occurs due to user demand increase and price are at 5000$ and still counting on and this path will lead more toward the more high prices.
full member
Activity: 1624
Merit: 163
October 15, 2017, 12:05:19 PM
#27
Because of the upcoming forks, most altcoins will be seeing red this days. But we just have to be patient brothers. Once traders dump their forks, alts price will jump up again.
sr. member
Activity: 812
Merit: 253
October 15, 2017, 11:58:07 AM
#26
I'm not sure if there will be another fork but I do know there was a runored fork on November. And yeah everytime there is a fork, BTC's price pumps a few weeks before the fork making altcoins turn red then afterwhich it'll dump around the fork time or after.
sr. member
Activity: 924
Merit: 260
October 15, 2017, 11:38:05 AM
#25
Hardfork is changing some bitcoin mining's laws and fee that makes bitcoin better/ bad in operation. If the forKS disagree, it will be bad for bitcoin and if they agreed based on some term then bitcoin will get pump. Like what happened in August this year when we have hardfork, bitcoin get pump because sigwit was activated after this a great agreement to change mining's laws. When should not pray for regular hardfork as op suggested because the more negativeserious one we have the more bitcoin get dump. We cannot continue have positive  one.For bitcoin to go mainstream we most work for its price stability and reliability. Many big investors will like to invest in bitcoin but are afraid of the way price fluctuate.
hero member
Activity: 616
Merit: 502
October 15, 2017, 11:22:04 AM
#24
I also believe that the price pumps of bitcoin is because of the forks because they know that they need to put some money in order to gain profit from holding bitcoin for long term and they can also get free money because if they will hold bitcoin in a valid wallet then they can get bitcoin gold or the forked coin and that is how they make free money.
member
Activity: 84
Merit: 10
October 15, 2017, 10:36:19 AM
#23
As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.
Yeah, i think the sudden overwhelming demand of bitcoin occured due to upcoming possiblity of bitcoin gold fork.
People are engaged in pursuit of more and more btc, hence traders predict its position will be at peak.
I am in hope of its continueous increase after fork so that we can take sufficient profits from it.

Exactly, after the fork will the price of btc still increase? Maybe yes, but how much and until when? If the price after the fork plummets or become stagnant will we expect another fork by the next month? Will it be a trend so people will hoard as much bitcoin as possible.
sr. member
Activity: 658
Merit: 260
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October 15, 2017, 09:46:05 AM
#22
As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.

The number of forks can't be decided like this or in the number that's limited. It's on going development to blockchain which decides the ultimate fate of the bitcoin forks. The price is obviously deoendent on it for the reason which people get panicked during the fork implementation. This time people are in the want of free bitcoin gold and that's why everyone is trying to put the money into bitcoin and the rates are so high now. There will be time when few of the investors from big group will be dumping coin out of fear which will then share the prices to downward movement. It's a game we should learn to play.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
October 15, 2017, 07:54:40 AM
#21
As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.

Well bitcoin isn't really for short term trading in the first place. If you're dealing with btc, expect long term hold but secure profits if you have the patience. Dealing with altcoins would be your best shot if you're day trading
legendary
Activity: 3010
Merit: 2148
October 15, 2017, 07:24:53 AM
#20
As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.

This sounds like a conspiracy theory and if you'll think more about it it won't sound very plausible. First, you can't just create value out of thin air, making a fork is extremely easy, it's just a copypaste job with a few small tweaks - any programmer can do it. This means that the starting value of a forked coin is near-zero - to start creating value you first need to invest money into advertising - hire paid shills to promote your fork on social media, place some articles, twitter bots, etc. etc. Then you have to spend your BTC on pumping your fork on exchanges - otherwise it will get dumped to zero quickly. Also don't forget that there are many other people who hold BTC and can profit from selling both BTC and forks from your pump attempts. So, it's quite a risky business with not really high returns.
full member
Activity: 868
Merit: 108
www.Artemis.co
October 15, 2017, 06:31:35 AM
#19
it really makes sense here, their will be free money and expect bitcoin to increase and it will reach all time high. sad to say all alts are on bleed. i hope all alts will pump very soon. i dont want to see my portfolio its so bad right now
sr. member
Activity: 406
Merit: 255
October 15, 2017, 06:30:56 AM
#18
I do not believe that bitcoin is the gold price will have. We have all seen that bitcoin cash shows no signs of life. Why should men of the same coin? Just because you give it for free? Maybe it's a new tactic? Before to sell a large number of bitcoins announce a fork and arrange the pump. Spend a few cents on a gift coin and earn $ 1,000 for each bitcoin.
sr. member
Activity: 602
Merit: 252
October 15, 2017, 06:18:35 AM
#17
More of a situation where everyone wants to stock up BTC just before the fork and as a result of this the demand is seemingly high which in turn makes the price keep going upwards. With Bitcoin Gold ans SegWit2x around the corner, expect the price is go above $6k just by the buy-ins for the pre-forks. Other than the forks, China's influence over Bitcoin trade and its price is almost eradicated and Bitcoin is still holdings its own, which is a big indicator that manipulation by countries can never cause the demise of cryptocurrencies.
full member
Activity: 364
Merit: 100
October 15, 2017, 06:12:00 AM
#16
we just wait and do not know for sure when hadr fork will happen again but this makes us feel happy and disappointed where prices soared but altcoin decreased. the price difference will be felt when through 25 october
legendary
Activity: 938
Merit: 1001
October 15, 2017, 05:40:37 AM
#15
As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.
Yeah, i think the sudden overwhelming demand of bitcoin occured due to upcoming possiblity of bitcoin gold fork.
People are engaged in pursuit of more and more btc, hence traders predict its position will be at peak.
I am in hope of its continueous increase after fork so that we can take sufficient profits from it.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
October 15, 2017, 05:18:56 AM
#14
History and experience are the best of teachers. The result of the BCH birth from the August fork actually benefited the people as bonuses were handed over in form of the new coin. Hence, it is the reason many are still hoarding and pilling more Bitcoin without fear of any dump. If the past fork experience had been negative, Bitcoin would've seen an unparalleled dump this period.
full member
Activity: 200
Merit: 100
October 15, 2017, 05:18:44 AM
#13
As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.
The price always depends on the plug, and we saw perfectly that if there is any world event, then there is a plug, everything is interconnected. For beginners, the price of bitcoin is now too high to invest, but more and more people are interested. And so this is not the price, this insanity drives out all competitors.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
October 15, 2017, 05:08:16 AM
#12
As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.

the upcoming forks are
** the Bitcoin Gold fork
which most people don't even know about to want to do anything about it. but there has been some small effects on the price. obviously some people know and buy because of it but I'd say it is about 10% of the reason why the current rise happened.

** the SegWit2x fork
that one actually is not going to be happy rise at all. I even expect fall because of it but it has not yet started because there is some time left before people start spreading their FUD about it. let 10 more days come and go and I am sure the FUD campaign will start all over the media and price can fall because of it.
hero member
Activity: 2520
Merit: 624
October 15, 2017, 03:58:06 AM
#11
As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.

The "they" is who I am still trying who it could be but its possible its you and  I. The increase in price in my own opinion, cannot still be unconnected to the upcoming fork which is very simple. After the previous fork, we all learnt that above all, bitcoin still survives which means I need to be more prepared for the upcoming fork by ensuring that I have enough bitcoin saved up before that day in other to get the equivalent after the fork after that turn it into more bitcoin which is more money for me just by holding.

This is applicable to a lot of people across the globe and that makes the supply of bitcoin limited to the demand for it. Applying the basis terms of economics, the price is bound to spike. After the fork, I gain what I want, then we can sell, that explains why the price will drop slightly after that.

You have made a simple and better explanation of why the bitcoin price is soaring.

Expectations and speculations are key to driving a commodity or product either high or low and in this light , the incoming fork is responsible for this.

Equally, yes in economics, once a product is being requested for in high proportion, this will lead to an increase on the value of the product. So, many people are expecting the fork and thus, converting whatever cryptos they have to bitcoin so as to benefit maximally which is making the sale of bitcoin at this moment difficult. This is likely to continue till the fork comes.
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