everyone says Bitcoin will tank after Gold fork. What if it's opposite?

ASHLIUSZ

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Quote from: radjie on October 25, 2017, 07:55:15 AM

Quote from: Fuhre on October 23, 2017, 11:35:46 PM

Quote from: frankbitcoin on October 23, 2017, 05:33:28 PM

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin? Cool

Of course, people would be more interested in buying more bitcoin than bitcoin gold. maybe, bitcoin gold will not be like bitcoin cash can even be so bitcoin gold price is much smaller than bitcoin cash. I just try to think as simple as possible.

I think the current hard fork that will happen exactly the same in segwit2x in august ago, the occurrence of gold bitcoin will not make many people interested to buy a lot of coins because the price increase will not increase to increase longer and the price is not easy to change, things it is very influential on the supply and demand market. even after that the price will be more balanced just like a stable bitcoincash can not rise higher in price.

When the bitcoin gold fork took place the price at the beginning seems to be around $480 and slowly the market value started to go down in value and now it was found around $140. Soon after this the price is expected to tank after a short time, but still the price goes down to $5500. Hope by the upcoming week the price once again starts pumping high.

tweetbit

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Quote from: frankbitcoin on October 23, 2017, 05:33:28 PM

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin? Cool

Your speaking about reality and that is not predictions. Then those who think about holding bitcoin Gold is making themselves risky to be left behind by the truth. Bitcoin be worth to risk but not a copycat bitcoin fork free coin. It will happen sooner as the free coin can be sold ASAP.

tomahawk9

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Quote from: frankbitcoin on October 23, 2017, 05:33:28 PM

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin? Cool

What we're going to see after the fork is exactly what you just mentioned. We've seen the same situation with Bitcoin Cash, people were trying to claim their free BCC just so they can sell it for more BTC. Bitcoin Gold has no future, so the right move would be to keep the majority of your coins in BTC, and the rest in other alt coins.
Bitcoin won't be affected by this fork, at least not by a large margin as many people predicted (price right now is 5491$). But don't expect a sudden surge in the price in the next few days. Give it a week or two.

radjie

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Quote from: Fuhre on October 23, 2017, 11:35:46 PM

Quote from: frankbitcoin on October 23, 2017, 05:33:28 PM

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin? Cool

Of course, people would be more interested in buying more bitcoin than bitcoin gold. maybe, bitcoin gold will not be like bitcoin cash can even be so bitcoin gold price is much smaller than bitcoin cash. I just try to think as simple as possible.

I think the current hard fork that will happen exactly the same in segwit2x in august ago, the occurrence of gold bitcoin will not make many people interested to buy a lot of coins because the price increase will not increase to increase longer and the price is not easy to change, things it is very influential on the supply and demand market. even after that the price will be more balanced just like a stable bitcoincash can not rise higher in price.

Sahyadri

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There is a possibility that Bitcoin won't tank as now Segwit2x fork is lined up which will give another airdrop coin. People might stay in Bitcoin till then. But the major chances is of price drop only as Altcoins are available at very perfect price right now and most of the top altcoins can easily go 2x from here that too in some weeks. This is the best time to double up your Bitcoins. So, I think there will be a price drop and then again Bitcoin will be bullish before Segwit2x if there will be enough support.

Kloug

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So that's it, the fall happened & has already stabilized. Funny that it dropped more or less the same value of the BTG, so there's no winner.
I was expecting at least a little panic fall.

Opquar

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Tank is a little too strong a term. We're doing fine atm. It did drop a bit, but it shouldn't drop significant amounts in the coming days. I'd be more worried about segwit2x.

jtipt

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Quote from: frankbitcoin on October 23, 2017, 05:33:28 PM

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin? Cool

I know that I will do that. Many more BTC enthusiasts will also do this, really support for BTG is very less.
But the price dump all the people are talking about is not being caused because of people dumping BTC for BTG, it is rather because people had bought BTC to get free BTG that's what caused the price hike in first place, so some people who don't want to hold BTC they will sell right after the fork causing the price to tank.

Lucius

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I think the big majority of users knows what it is about this BTG and most of them will sell the first time it is possible.It is hard to believe that BTG may be something more or less then BCH,just one more altcoin for quick profit.So we can expect that users will dump BTG and buy BTC or maybe some altcoins and this means that new money will couse price increase of BTC.Also there is another fork and another opportunity for extra earnings very soon,so in general free coins are coming and how much you will be profit depends on how much BTC you have at moment of forks.

Leonard2016

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i come back here to see what is happening and i see all the "bitcoin tanks", "price is dropping",... topics and i am like what the hell are these people even talking about Cheesy

last i remember price was 3 thousand something and was struggling to go back to $4k+ and now it is $5500-$5700

i don't know about all these other people but that is a big rise in my books...

bubblebit

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Quote from: frankbitcoin on October 23, 2017, 05:33:28 PM

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin? Cool

Much likely to be the trend than bitcoin dumping. I do Agree. Bitcoin gold having no high significant value and when available, the selling will began right after the fork. Bitcoin investors will invest again for the next fork that is coming this November the segwit2x. Because in the first place why do they invest in altcoin when they can invest in bitcoin with sure profit and have same fork coin that is free and may profitable the same way that most alternative currency is.

In practical sense, I will hold still my bitcoin and sold my bitcoin gold and buy more btc.

avp2306

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Quote from: Juggy777 on October 24, 2017, 12:38:10 AM

Quote from: frankbitcoin on October 23, 2017, 05:33:28 PM

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin? Cool

Prior and after fork, prices hardly rise they always remain in a fluctuations mode, so don't expect a major price hike, as for bgold is considered not many want it, the only thing they want is free coin, it's a shit alt coin, and it won't be any good, prices shall rise depending on the next fork segwit2x that's more important than anything else. As of now it's only hope that the coin goes up and up other wise it looks bleak for now. Fork are never good, unless there's a consensus achieved

Ofcourse people will avail the hype brought by this coin and since its new many people will keep after with it just what happen when bitcoin cash came on the ecosystem. So we cannot expect really on high rise since the hype is just started and I expect that the rise will came after the bitcoin gold mania became cold as ice since people will cameback to grab some btc.

Skyborn

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Since the bitcoin gold fork has finally taken place we're seeing a slight drop in the price and a small spike in the altcoin prices. This confirms our theory of investors wanting to take advantage of the fork and than go back to altcoins. However the drop is nothing huge like the China drop but still noticeable.

oegarod

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If something happens opposite to it too, nothing to worry. It's all about the technology, and the real fact is that it once again grows or recovers the decreased price. Users should know this, but majority of them get into panic and tends to move the holding to some other form of altcoins. When they find the growth once again feels bad of missing the chance.

Juggy777

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Quote from: frankbitcoin on October 23, 2017, 05:33:28 PM

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin? Cool

Prior and after fork, prices hardly rise they always remain in a fluctuations mode, so don't expect a major price hike, as for bgold is considered not many want it, the only thing they want is free coin, it's a shit alt coin, and it won't be any good, prices shall rise depending on the next fork segwit2x that's more important than anything else. As of now it's only hope that the coin goes up and up other wise it looks bleak for now. Fork are never good, unless there's a consensus achieved

Yuhee

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Quote from: RoommateAgreement on October 24, 2017, 12:18:28 AM

well if you look at the bitcoin price you can see that bitcoin price did indeed "tank" after the bitcoin gold "snapshot of bitcoin blockchain". but the things to remember is that these "tanks" are never as big as everyone says. it was just a small one (about 8%) and that was it. we are still at a very decent price.

in fact drops like these are good to buy more bitcoin and make some profit. you sell on top before the BTG fork and then wait 2 days to see it through and buy back more bitcoin that you have sold.

It could also be a good strategy seeing now the price is still low before the activation of btc gold. Most traders are now finding and storing btc to a good wallet or exchange site to preserve their bitcoin for the new bitcoin gold. Indeed the price might just 8% but that is already a good price profit for traders. It is not even easy to predict if the price will go any lower but it is better to buy now than later.

RoommateAgreement

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Bazinga!

well if you look at the bitcoin price you can see that bitcoin price did indeed "tank" after the bitcoin gold "snapshot of bitcoin blockchain". but the things to remember is that these "tanks" are never as big as everyone says. it was just a small one (about 8%) and that was it. we are still at a very decent price.

in fact drops like these are good to buy more bitcoin and make some profit. you sell on top before the BTG fork and then wait 2 days to see it through and buy back more bitcoin that you have sold.

Fuhre

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Quote from: frankbitcoin on October 23, 2017, 05:33:28 PM

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin? Cool

Of course, people would be more interested in buying more bitcoin than bitcoin gold. maybe, bitcoin gold will not be like bitcoin cash can even be so bitcoin gold price is much smaller than bitcoin cash. I just try to think as simple as possible.

Baofeng

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Quote from: frankbitcoin on October 23, 2017, 05:33:28 PM

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin? Cool

Here's are three possible scenario's that I can think of during the fork:

[1] dump their bitcoin gold immediately and buy more bitcoins. - Resulting on bitcoin price not tanking and even go higher.
[2] hold on their bitcoin gold - bitcoin price will tank a few percentage
[3] dump their bitcoin gold and go back to altcoin - bitcoin price will tank but altcoin market will flourish after the bloodshed.

FrozenChaos

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People realize the coins won't be dropped for at least a week, perhaps longer, right? BTG can't be sold post-snapshot unless you are selling your rights using futures.

Topic: everyone says Bitcoin will tank after Gold fork. What if it's opposite? (Read 829 times)