Topic: BTC speculation before fork - page 3. (Read 1712 times)

the price is not yet break the wall of $6000 and it will be down for a while and we can see now, the price is only going in that range. it seems the price is only up and down for $58xx to $56xx and then the price is increase again to $57xx. but if there is too many people become panic, then the price will be down too far and we are too difficult to increase again. i think we can wait for this week and we can only hope that soon we can break the wall so we can increase into $6000.

Panic selling alarm will cause flash crash effect in markets. Crowd psychology will start panic selling and domino effect will destroy price gains from last weeks. After fork alts will go higher and btc will head down to 3500$ price level.

I think it will have a higher price than it's current price now before fork happens. Since there is a high chance that people will buy more before fork happens, for sure it will increase in price more before fork happens. Also, there is a low chance of it dumping after all, if one dumped it too early, then he/she would not get free money from the upcoming fork that will happen in November.

too early to say this but i think it will break over 6K and will correct it's price below 6K. Settlement may happen after the fork i think, the price is still volatile and the uptrend is shown here and there but we will see the real price speculation next week when the forking is near.

Agreed.  And the threat looms even larger now because in light of the past 2 days I see a general change in philosophy.  More people are moving away from holding for the long haul and moving their money around, trying to get in & out at the right times, and maximizing their profits.  This will piggy-back onto the backs of the panic sellers and create changes from now on more pronounced than before, both in times of decline but also in times of optimism. 

Perhaps this general change in philosophy started longer ago actually.  Some (albeit very) good news was reported several days ago, and I expected it to have a positive affect on the "future" of BTC, and inevitably also spark an immediate rise in value as well... but I never thought for a second it would jump as dramatically as it did.  More and more people are moving away from being content to hold their BTC through it all... all the ups & downs, and are moving their money in & out in an attempt to maximize their profits.  Especially those who were late to the party and don't have the luxury of having invested a large lump sum when the value was still in the 3 digits.  This is their chance to get rich too.  And who can blame them?  This will cause even more volatility and make the downs even more drastic than usual.  But as we've seen evidence of, can also makes the up's even more impressive than expected as well.  A double edged sword.  But right now, as in the short term I can see it having an adverse affect as the hard fork nears and passes.  They will after all follow the lemmings off the cliff.  However if the price does get down to a manageable point again and it invites new investors just watch them pile on as well and really send the value skyrocketing. 

the same as my opinion, this is already the fourth week of bitcoin rising trend, and I think there will be no increase again.
Next there will be a correction, as you say, the price will stabilize at the midpoint between the peak and bottom prices. I thouht This will continue until november.

To me i think that there will be such special effect on the price of bitcoin due to hardfork that is going to happen on 25 October, i think that bitcoin price will continue its price increasing and hope that very soon may be before the hard fork the price of bitcoin will cross 6000$, and even after hard fork we can expect that the price of bitcoin will continue increasing and hopefully that at the end of 2017 bitcoin price will be trading above

Commonly before hardfork bitcoin value were increasing trends, but this time it's hard for us to determine or speculate the movement of bitcoin in the market. Maybe it will raised up too much or fall down very fast. We never know what happen this time. But we hoping that segwit happen have gain a good results to the crypto currency community.

I'm not that really good in speculating the price of bitcoin but my guess that it's possible that it will pass to $6,000 before the hard fork but it isn't going to happen before, possible that it will happen after the hard fork. There will be a lot of bitcoin gold exporters that will eventually sell it since it's a free money so that means that they really don't expecting something for bitcoin gold.

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I'm not hoping for $7,000 but if that happens then it's a better speculation and this will make it to $10,000 before this year ends.

Bitcoin will not break the 6000 dollar wall, not before the upcoming fork. I think that Bitcoin will go lower than 5000 USD as we approach closer to the schedule of the hard fork. This is inevitable since whales might trigger panic selling, FUDs are everywhere. However, the downtrend will not last long since Bitcoin can recover easily from those kind of dump. $6k is the next destination until the end of this year.

The problem is once people realize that there could be a dump after the fork, they will try to preempt it by dumping before the fork. So some time before the fork (may be 10 days), there will be a reversal. Since the fork is a known event, there shouldn't be too much variation in price around that time.

To my opinion in the upcoming period the price will continue to rise and before fork we could reach even 6500$ to 7000$. After the fork a.minor dump is possible and very likely and the price could bounce back to 5000$ but I don't think this will last for long, maybe a week or two and then the price will start to pump again. But surprises are always possible, so we mustn't exclude that too.

I think so.The price of Bitcoin today is around the value of 5600$.Only the 400$ to reach the target.Nearly 15 days is left for the October end you can check till the month end . Before that it will reach 6500$.If you have a doubt means,wait till the October 31.

Bitcoin will not reach 6000 USD before the fork. It will be after the fork. There are more tendency that Bitcoin will crash as we approach the upcoming hardfork so reaching as high as 6k USD is a bit much. It might fall lower than 5000 USD since hardforks are never jokes to some. Some are afraid of it so that's why some do panic selling.

Same wavelength buddy .As many are surprised by the sudden raise. The price fluctuates some how means, they all think the price of bitcoin will reduce Lower than a 4000$.The increase and decrease of price is quite common in bitcoin and in all digital currency.The price of bitcoin will reach 7000$ ,before the October end.

Could not agree more.  That spike was not due to the upcoming fork.  I explained in a post what the spike was due to... and also that it was good news for the "future" of Bitcoin, moving forward, not necessarily in the short term... although it obviously sparked confidence and the end result of that was inevitably an immediate spike in value.  But right now there is uncertainty.  Although I've seen the "poll" on the site I use to check the flow chart for the value of Bitcoins (coindesk).  There was a poll asking about the upcoming fork.  The choices were a) you thought the fork would be a good thing, and would be likely to actually invest more, b) you expected it to be a bad thing, and would invest less, and c) you haven't made up your mind yet and are sitting on the sidelines.  "a)" ended up being the overwhelming favorite.  But keep in mind the people answering these polls are people that have money invested in Bitcoin, and they're not giving objective answers, just trying to manipulate people for their own ends so they see that answer and follow suit.  In reality, the objective answer would be an overwhelming "c)"...  it's an unknown.  And honestly people would be best waiting on the sidelines.  Every time I see one of those polls the answers are ones that favor having confidence in Bitcoin, by a vast majority.  But it was even proven fallible when one day they asked a fake question about things that didn't actually exist.  It asked what you had the most confidence in, and named some type of Bitcoin & Etherum branches that didn't actually exist, along with the option "I never heard of either of these things"... which was the only true answer.  It came in dead last, with the non-existent Bitcoin branch of course coming in first by a wide margin.

I said when it got close to 6K it would hit a wall and probably go down to the low-mid 5000's shortly after.  And now it'll probably drop even further due to uncertainty, and honestly the best thing to do is probably to sit on the sidelines for a bit.  Or if you're a mover it would've been wise to get out when it neared 6K.  Or if it does again, even get to 5700 or so, if you're the type that moves your money around... I'm just keeping it real here and trying to look out for everybody, and above all be honest, even if it's not what you want to hear as I've said many times.  Not nearly enough people are doing this and it causes more harm than good in the end.  People end up with a false sense of security, which isn't a good thing.  It can cause them to lose money.

I also believe there's a good chance it will fall back below 5K again.  But in the long run things are looking much better know than they did even short week ago.  A lot of news recently suggests that BTC has lasting power, and isn't going anywhere.  But unfortunately in the very short term is may go somewhere we don't want it to go... back down.  But it will be temporary, until the smoke settles.

I'd say it'll get down to around 4700 or so pretty soon, then stabilize for a few days.  That will just be from the initial uncertainty period just before & during the fork.  Afterward expect another drop.  It could very well sit around 4K, just above or below.  As someone else said though this will only encourage new investors, and the ones that move their money around to re-invest too.  And thus it climbs again.  And by the end of the year it will be between 6-7K.  And I still believe that by the end of 2018 breaking the 5 digit barrier is a very real possibility.  So if you choose to hold for the long haul you're certainly not going to hurt yourself.  It's just that some people like to maximize their profits instead and move their money, try to get in & out at the right times, and I'm trying to be here for both of them.  I personally keep a certain amount in at all times, to stay, about 30% of my total BTC assets.  And move the other 70% based on empirical evidence/data, trends, and my gut... and it's tended to be right almost every time up to this point... unfortunately in this case.  I'd love to be wrong this time, but I don't suspect that I am and it appears I'm not alone.  When I came in here I lurked at first to see what other people thought as well... people whose info. I've learned to trust and who I believe to be objective, and generally they're saying the same thing.  Which makes me believe I'm on the right track that much more.

But again, fear not in the long term.  I don't want this post to be all doom & gloom.  It will rebound, and you can still all be rich some day, if you play your cards right.  But there's a better chance of that happening if you get your money in & out at the right times... just saying.  We have a network of knowledgeable, and above all else objective people in here that can help you make those decisions, if you know who to listen to... and not just the ones that tell you what you want to hear.  A clear-cut sign of this type is that they always tell you what you want to hear.  That's not reality.  News isn't always good.  Look for people that tell it both ways.  And people that have a good track record of accurate predictions.  Who knows, someone in here might even be getting inside information?...  you never know.  If you come across someone with an uncanny ability to say something and then see that come to fruition, latch on to them and follow suit when they say something.  I happen to have noticed 1 person in here like that actually.  Not saying they're an insider but when they talk, err... type, I listen.

The last fork breaks the value of bitcoin and drop it, if that will going to be my basis I would bitcoin might drop during the fork but this not mean bitcoin will not be a good asset to hold the drop will only open opportunities for investment and surely bitcoin will continue to grow in the future

It usually drops a bit right before the fork and rises after that. I wouldn't be surprised if we drop to less than $5000, but I expect to be at the $6000 mark, if not $7000, at the end of the year.

It is okay with me, even if price will drop again in $5200-$5300. It is still a good amount of bitcoin. There is no problem since we all know that bitcoin will still remain and still increase even if it will drop into $5200-$5300. Just be patient and wait. Just look up to your future and not with your current income or savings.

which hard fork is it you are talking about?
the bitcoin gold one which is in about 10 days now, seems to have a positive effect on price and it is driving it high. although I believe it is not the only reason for this rally but also I say it has been a factor. and it will continue on this path and it is possible that we see the $6000 be touched.

the bitcoin SegWit2x fork is a different beast. I think it can have the reverse effect. as in causing a drop like the bitcoin cash (or the UASF SegWit split threat) caused. if we can get over that successfully like before I don't see anything else in the future can cause a similar threat to bitcoin price.