BTC rally is premature - 4 days left

bit1

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Quote from: aeternus on July 30, 2017, 03:07:36 PM

Quote from: LeoC on July 28, 2017, 11:04:04 AM

I think people are buying BTC in prep for the BCC airdrop too early.
With four days left, it is unlikely that we will get four big green days, especially considering how close we are to ATH.
This rally is premature, whales, shorters and smart money will realize that in the crypto world 4 days can cause a huge ripple and that there is plenty of time to enter for the free BCC (which will be worthless by then, but that's a different topic).
I expect a drop some time back to 2500 before Aug 1st for sure. You are actually far more likely to make money buying ETH, than you are trying to capitalize on the free (and worthless) coins.
This is NOT the same as ETH/ETC. BCC is basically an alt by a third party.

It does not seem the price of bitcoin is going to drop anymore before the hard fork that will create bcc, but I agree I do not know what are they thinking those that think they can make money with bcc, unless you have a bot that can sell all your holdings of that altcoin then the chances of wining money with bcc are very low.

Not necessarily this last, If you take as an example GBYTE, Although it is true that the supply is much less the price has remained high even though many have sold theirs coins, There is a slight possibility that the price will not go down more than 0.1 BTC which is not bad at all finally.

aeternus

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Quote from: LeoC on July 28, 2017, 11:04:04 AM

I think people are buying BTC in prep for the BCC airdrop too early.
With four days left, it is unlikely that we will get four big green days, especially considering how close we are to ATH.
This rally is premature, whales, shorters and smart money will realize that in the crypto world 4 days can cause a huge ripple and that there is plenty of time to enter for the free BCC (which will be worthless by then, but that's a different topic).
I expect a drop some time back to 2500 before Aug 1st for sure. You are actually far more likely to make money buying ETH, than you are trying to capitalize on the free (and worthless) coins.
This is NOT the same as ETH/ETC. BCC is basically an alt by a third party.

It does not seem the price of bitcoin is going to drop anymore before the hard fork that will create bcc, but I agree I do not know what are they thinking those that think they can make money with bcc, unless you have a bot that can sell all your holdings of that altcoin then the chances of wining money with bcc are very low.

CyberKuro

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Quote from: LeoC on July 28, 2017, 11:04:04 AM

I think people are buying BTC in prep for the BCC airdrop too early.
With four days left, it is unlikely that we will get four big green days, especially considering how close we are to ATH.
This rally is premature, whales, shorters and smart money will realize that in the crypto world 4 days can cause a huge ripple and that there is plenty of time to enter for the free BCC (which will be worthless by then, but that's a different topic).
I expect a drop some time back to 2500 before Aug 1st for sure. You are actually far more likely to make money buying ETH, than you are trying to capitalize on the free (and worthless) coins.
This is NOT the same as ETH/ETC. BCC is basically an alt by a third party.

And now two days left before hard fork and bitcoin price seems stable within $2600-$2700, when bcc launched its likely to drop hard immediately.
Bitcoin price may drop after hard fork but I doubt it could drop below $2000 again, maybe around $2500 before hardfork and I consider it as normal in daily trading market. But, if you expect for cheaper bitcoin, wait until hard fork as you may find it around $2200-$2300.

jjacob

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Quote from: ask on July 29, 2017, 08:10:53 AM

most of them buying to get free bcc. after hard fork will fall for sure. but the question is which bitcoin going to stay alive?
Kraken announced that they are supporting bcc and on the other hand there are more supporters of btc.
this will turn to gambling for sure.

Both branches will stay alive. I think BTC will remain the dominant one, given the existent support that it has.
BCC will also stay alive and if the bickering over scaling in BTC remains, BCC has a very good chance of overtaking it as well.

Trela

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Quote from: MedaR on July 29, 2017, 10:23:06 AM

Quote from: ask on July 29, 2017, 08:10:53 AM

most of them buying to get free bcc. after hard fork will fall for sure. but the question is which bitcoin going to stay alive?
Kraken announced that they are supporting bcc and on the other hand there are more supporters of btc.
this will turn to gambling for sure.

Original will stay nothing will change, except we will have yet another BTC forked altcoin , and some will be happy to have it, and price won't be even close to BTC's pricing range, more likly will be few dollars. And will end up like whale s food.. Wink

Haha, this FUD make me can stop laughing when have many trader think BCC have future and going to BTC helps them receive "free money" with high profit than altcoin. But they don't know when do that, they are become to foods for whales eating and helps people as me can buying altcoin with cheapest price Roll Eyes

MedaR

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Quote from: ask on July 29, 2017, 08:10:53 AM

most of them buying to get free bcc. after hard fork will fall for sure. but the question is which bitcoin going to stay alive?
Kraken announced that they are supporting bcc and on the other hand there are more supporters of btc.
this will turn to gambling for sure.

Original will stay nothing will change, except we will have yet another BTC forked altcoin , and some will be happy to have it, and price won't be even close to BTC's pricing range, more likly will be few dollars. And will end up like whale s food.. Wink

ask

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most of them buying to get free bcc. after hard fork will fall for sure. but the question is which bitcoin going to stay alive?
Kraken announced that they are supporting bcc and on the other hand there are more supporters of btc.
this will turn to gambling for sure.

fabiorem

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Quote from: BillyBobZorton on July 28, 2017, 08:33:57 PM

Quote from: fabiorem on July 28, 2017, 03:29:47 PM

BTC will crash.

And it will be not provoked by rich investors. It will be the users themselves.

Replay protection. If you spend in one chain, you will also have spend on the other, so that you can't replay the same operation again. This is being badly explained, and people are being convinced they will have free coins.

But those coins are the same ones you bought earlier, they will be just in another chain, with another name and behaving like an alt coin.

The future market value was set just to have a initial price for it. So people will think they will be receiving free coins at 500+ dollars each.

They will just dump it, and the equivalent (probably in a relation of 5:1) will be dumped in the legacy chain, due to the replay protection.

Price of BCC will dump to the ground, but the equivalent BTC will also be dumped.

Then the rich investors will buy all this BCC, which is centralized by the mining cartels. Then they fork and BTC is left alone.

Big blocks will be the norm and in ten years you will need 1 petabyte to store the blockchain. Goodbye P2P.

I was thinking in moving at least half of it to LTC. Maybe I'm wrong, but if I'm right it will take too much time to recover, and LTC will be up faster.

Im pretty sure this is wrong. Anyone that has enough money to matter knows how to take the measures required to not end up screwing up in the process. Everyone that matters is going to dump his BTC for BCC and the rest will simply not even care. Exchanges will take the measures needed to not expose users to replay attacks. Your message contains big amounts of FUD.

The people that have the most bitcoins are totally opposite to big blocks and they will never leave the big block government agenda to win.

Sorry for the FUD. The subject was clarified in the Wall thread. As it was explained there, BCC will use the same seed from BTC to generate another private key and another address. So it will not be the same coin.

But, if their replay protection doesn't work, it still risky to dump BCC. Without the protection you will be dumping BTC too.

Considered

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2 days left and the price of bitcoin is not that volatile, we will see the volatility on July 31 in my own opinion. Bye BCC and bitcoin to the moon.

BillyBobZorton

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Quote from: fabiorem on July 28, 2017, 03:29:47 PM

BTC will crash.

And it will be not provoked by rich investors. It will be the users themselves.

Replay protection. If you spend in one chain, you will also have spend on the other, so that you can't replay the same operation again. This is being badly explained, and people are being convinced they will have free coins.

But those coins are the same ones you bought earlier, they will be just in another chain, with another name and behaving like an alt coin.

The future market value was set just to have a initial price for it. So people will think they will be receiving free coins at 500+ dollars each.

They will just dump it, and the equivalent (probably in a relation of 5:1) will be dumped in the legacy chain, due to the replay protection.

Price of BCC will dump to the ground, but the equivalent BTC will also be dumped.

Then the rich investors will buy all this BCC, which is centralized by the mining cartels. Then they fork and BTC is left alone.

Big blocks will be the norm and in ten years you will need 1 petabyte to store the blockchain. Goodbye P2P.

I was thinking in moving at least half of it to LTC. Maybe I'm wrong, but if I'm right it will take too much time to recover, and LTC will be up faster.

Im pretty sure this is wrong. Anyone that has enough money to matter knows how to take the measures required to not end up screwing up in the process. Everyone that matters is going to dump his BTC for BCC and the rest will simply not even care. Exchanges will take the measures needed to not expose users to replay attacks. Your message contains big amounts of FUD.

The people that have the most bitcoins are totally opposite to big blocks and they will never leave the big block government agenda to win.

williamuk

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Quote from: LeoC on July 28, 2017, 11:04:04 AM

I think people are buying BTC in prep for the BCC airdrop too early.
With four days left, it is unlikely that we will get four big green days, especially considering how close we are to ATH.
This rally is premature, whales, shorters and smart money will realize that in the crypto world 4 days can cause a huge ripple and that there is plenty of time to enter for the free BCC (which will be worthless by then, but that's a different topic).
I expect a drop some time back to 2500 before Aug 1st for sure. You are actually far more likely to make money buying ETH, than you are trying to capitalize on the free (and worthless) coins.
This is NOT the same as ETH/ETC. BCC is basically an alt by a third party.

Quote

BTC rally is premature - 4 days left

Hi your title has been bugging me all day Tongue

and I'm not sure I understand what you are saying.

Are you saying the market is wrong?

investinator

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I don't think people are buying BTC only for the airdrop, which could easily end up being worth under a hundred dollars. I think people are starting to feel more confident in bitcoin given that the possibility of an equal split between two bitcoin communities is now out of the question.

With that in mind it could easily continue going up.

skorupi17

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Quote from: LeoC on July 28, 2017, 11:04:04 AM

I think people are buying BTC in prep for the BCC airdrop too early.
With four days left, it is unlikely that we will get four big green days, especially considering how close we are to ATH.
This rally is premature, whales, shorters and smart money will realize that in the crypto world 4 days can cause a huge ripple and that there is plenty of time to enter for the free BCC (which will be worthless by then, but that's a different topic).
I expect a drop some time back to 2500 before Aug 1st for sure. You are actually far more likely to make money buying ETH, than you are trying to capitalize on the free (and worthless) coins.
This is NOT the same as ETH/ETC. BCC is basically an alt by a third party.

It would seem so. Who does not want some free coins, right? The premature rally just indicates that we have a fragile volatility. As for the price, I think it will be lower that 2500 USD, maybe under 2000 USD again or around that price. Some are still confused and taking precautionary measures.

Well since the new alt will be BCC and not BTH, then it will not be like ETC/ETH Grin

fabiorem

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BTC will crash.

And it will be not provoked by rich investors. It will be the users themselves.

Replay protection. If you spend in one chain, you will also have spend on the other, so that you can't replay the same operation again. This is being badly explained, and people are being convinced they will have free coins.

But those coins are the same ones you bought earlier, they will be just in another chain, with another name and behaving like an alt coin.

The future market value was set just to have a initial price for it. So people will think they will be receiving free coins at 500+ dollars each.

They will just dump it, and the equivalent (probably in a relation of 5:1) will be dumped in the legacy chain, due to the replay protection.

Price of BCC will dump to the ground, but the equivalent BTC will also be dumped.

Then the rich investors will buy all this BCC, which is centralized by the mining cartels. Then they fork and BTC is left alone.

Big blocks will be the norm and in ten years you will need 1 petabyte to store the blockchain. Goodbye P2P.

I was thinking in moving at least half of it to LTC. Maybe I'm wrong, but if I'm right it will take too much time to recover, and LTC will be up faster.

Pierre 2

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I also don't really understand hype around so called hard fork coin.
I think it will be dumped immediately (if it ever happens). No use at all.

BillyBobZorton

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A lot of people seem to be expecting a pullback because of August 1st. We got rid of UASF BIP148 with the activation of BIP91, but the August 1st FUD is back because of BCC. It seems like no matter what happens, August 1st keep being a FUDdish date. If enough noobs bite the bait and get triggered to panic sell we may see a drop, but assuming that the people that have the most bitcoins are the most knowledgeable, they should know that BCC is a non event and nobody really cares, all that's going to happen is BCC getting dumped.

My advice is to hold on your BTC, don't fall for the FUD and just sell your BCC ASAP.

DaMut

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Quote from: abercrombie on July 28, 2017, 11:38:01 AM

Yea, I was planning on buying on July 31 as people were fearing the hard fork.

But it seems the BTC-e news was the dip to buy. So, I FOMO'ed yesterday into that 1st hour spike.

Guess there might be some pullback prior to Aug 1, but maybe it could be a pullback from 3000 to 2800.

100% agree with you mate,
seems like Btc-e is news was the right time to buy,i just remembered about Garvin shill back then in 2016ish,
a day or two days after his shill bitcoin price dropped and after a four days or five Bitcoin price slowly recovering and keep climbing.
seems like not many people will fall for the same trick i guess ?
because as we can see the price didn't go to deep,that mean they learned about their mistake in the past.

Quote from: LeoC on July 28, 2017, 11:04:04 AM

I think people are buying BTC in prep for the BCC airdrop too early.
With four days left, it is unlikely that we will get four big green days, especially considering how close we are to ATH.
This rally is premature, whales, shorters and smart money will realize that in the crypto world 4 days can cause a huge ripple and that there is plenty of time to enter for the free BCC (which will be worthless by then, but that's a different topic).
I expect a drop some time back to 2500 before Aug 1st for sure. You are actually far more likely to make money buying ETH, than you are trying to capitalize on the free (and worthless) coins.
This is NOT the same as ETH/ETC. BCC is basically an alt by a third party.

Absolutely right,
it's an altcoin created by third party or i called them 'opposite supporter'.
not surprising if we can see some people trying to support it because we looked back to the past we can see they're also trying to support Bitcoin Unlimited,Bitcoin Core,Bitcoin Abc and anyother Bitcoin because they believe Bitcoin is 'dying'

BitHodler

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While most people agree on the fact that BCC is nothing more than a shitcoin, that doesn't mean people will have to buy another shitcoin in order to book higher gains.

BCC doesn't cost people here anything initially, so from there people will have all the time and freedom to dump their BCC right away, or wait for a better time frame.

I personally will choose to sell them right away as I have no interest in hodling any altcoins, and especially not a coin that has been initiated by harming entities looking to nurse their greed.

soothaa

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I too am very confused by this Thursday/Friday explosion. I was anticipating Monday to be the big fireball with fallout until Wednesday. It seems Monday would cause a giant spike in interest and a flurry of activity before most places shutdown transfers. I'm also curious what this will do to alts on Tuesday. Will they skyrocket as everyone has their BTC locked up? Will they skyrocket on Wednesday when everyone is trying to get back into alts again? This will be so interesting.

mobnepal

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Quote from: LeoC on July 28, 2017, 11:04:04 AM

This is NOT the same as ETH/ETC. BCC is basically an alt by a third party.

This is true.

However BTC price might not drop before network split because panic over hardfork is now over and the one who have sold their bitcoin before are now buying bitcoin back and for free BCC which they can dump when it will enter market which might bring more money towards bitcoin so price can easily get over $3k by this august.

Topic: BTC rally is premature - 4 days left (Read 1094 times)