How fork will affect current bitcoin price !

mobnepal

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Quote from: kriticko29 on November 02, 2017, 09:11:09 AM

Now that bitcoin is hitting all time high's ! And it is predicted to reach $10000 USD as its potential. How do you think the upcoming fork will affect the continuous growth in bitcoin's price ?

After fork price might correct heavily because bitcoin price is surging just before the two forks which already occured and now there is almost last one for this year on mid of november. So after this fork, many might pull out profit by selling all their bitcoin and forked coins.

I will sell mine bitcoin at peak price near fork date and will wait for some dump to buyback some cheap bitcoins.

johnlofar

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Bitcoin price attracts the users,it gives good profits for bitcoin investors.this price not constant it up and down makes very excitement to the users.it really affects the people and it makes the interest on the bitcoin.

Kim Ji Won

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Quote from: ArminH on November 02, 2017, 09:20:00 AM

Quote from: kriticko29 on November 02, 2017, 09:11:09 AM

Now that bitcoin is hitting all time high's ! And it is predicted to reach $10000 USD as its potential. How do you think the upcoming fork will affect the continuous growth in bitcoin's price ?

We will see a massive slump.
Current demand is only due to hard fork. Over the past weeks billions of capital have been transferred from altcoins to Bitcoins. (https://coinmarketcap.com/coins/)
Main reasons for slump:
1. Capital will be transferred back to altcoin markets after fork (happened after every fork)
2. Investors cash out profits
3. No short-term demand, as rate reached all-time high and there are no forks or other big events in the near future

Nice! this is great. I will hold on and believe in what you've said. I was really frustrated on the value of the altcoin that I earned after finishing a specific campaign. I thought that it will have a very fair amount in the market but after its ICO ended, and I checked its price in some exchanges, I was shocked by how low it is. Hopefully, after the fork, the altcoins will increase immediately so it will not be really that frustrating.

Ailmand

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Quote from: ArminH on November 02, 2017, 09:20:00 AM

Quote from: kriticko29 on November 02, 2017, 09:11:09 AM

Now that bitcoin is hitting all time high's ! And it is predicted to reach $10000 USD as its potential. How do you think the upcoming fork will affect the continuous growth in bitcoin's price ?

We will see a massive slump.
Current demand is only due to hard fork. Over the past weeks billions of capital have been transferred from altcoins to Bitcoins. (https://coinmarketcap.com/coins/)
Main reasons for slump:
1. Capital will be transferred back to altcoin markets after fork (happened after every fork)
2. Investors cash out profits
3. No short-term demand, as rate reached all-time high and there are no forks or other big events in the near future

That is the same with most of the information I read. After the fork, bitcoin would experience a value decrease; however, there is conflicting opinion with how long it will last. Some say, based on previous trends that it would only last for a couple of months, some, on the other hand, say that it would last longer than expected. They also propose to see a great increase in value of altcoins.

shinratensei_

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Quote from: kriticko29 on November 02, 2017, 09:11:09 AM

Now that bitcoin is hitting all time high's ! And it is predicted to reach $10000 USD as its potential. How do you think the upcoming fork will affect the continuous growth in bitcoin's price ?

The new delay about the hardfork gives an impact to the price of the bitcoin. You can try to read in so many crypto related sites about the impact the bitcoin hardfork to the bitcoin's price.
As so many speculators are saying about the possibility of the bitcoin fork hype will help the bitcoin to reach new ath. We have passed the bitcoin cash hardfork and we already learned a lot from there.
The fact that the bitcoin cash gives a big impact to the bitcoin price surge.

ArminH

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Quote from: kriticko29 on November 02, 2017, 09:30:38 AM

Quote from: diouf67 on November 02, 2017, 09:24:24 AM

Quote from: ArminH on November 02, 2017, 09:20:00 AM

Quote from: kriticko29 on November 02, 2017, 09:11:09 AM

Now that bitcoin is hitting all time high's ! And it is predicted to reach $10000 USD as its potential. How do you think the upcoming fork will affect the continuous growth in bitcoin's price ?

We will see a massive slump.
Current demand is only due to hard fork. Over the past weeks billions of capital have been transferred from altcoins to Bitcoins. (https://coinmarketcap.com/coins/)
Main reasons for slump:
1. Capital will be transferred back to altcoin markets after fork (happened after every fork)
2. Investors cash out profits
3. No short-term demand, as rate reached all-time high and there are no forks or other big events in the near future

Agreed, it is the thoughts of myself and many others that the bullish mood is currently because of the previous fork and now the upcoming fork, once they are both out the way there will likely be a downturn in bitcoin price.

thank you for the information sir ! It is because a lot of my friends are over hyped about the extreme growth in its price and they don't believe me that the incoming fork will change everything.

You're welcome
The only difficulty will be to benefit from hard fork AND altcoin pump.
I'm pretty sure altcoin prices will start increasing within seconds after fork and really pump within minutes.
As most exchanges don't distribute the new coins that fast, I would usually keep my BTC on my core wallet until fork. Immediately after fork I would send them to different exchanges and buy as many altcoins as possible.
But there's still the problem with the missing replay protection, so I'm not sure what's the best tactic.
Any ideas?

Flomo

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I only hope when bitcoin reaches the highest price also accompanied by rising altcoin prices, currently I expect a lot on altcoin.

kriticko29

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Quote from: diouf67 on November 02, 2017, 09:24:24 AM

Quote from: ArminH on November 02, 2017, 09:20:00 AM

Quote from: kriticko29 on November 02, 2017, 09:11:09 AM

Now that bitcoin is hitting all time high's ! And it is predicted to reach $10000 USD as its potential. How do you think the upcoming fork will affect the continuous growth in bitcoin's price ?

We will see a massive slump.
Current demand is only due to hard fork. Over the past weeks billions of capital have been transferred from altcoins to Bitcoins. (https://coinmarketcap.com/coins/)
Main reasons for slump:
1. Capital will be transferred back to altcoin markets after fork (happened after every fork)
2. Investors cash out profits
3. No short-term demand, as rate reached all-time high and there are no forks or other big events in the near future

Agreed, it is the thoughts of myself and many others that the bullish mood is currently because of the previous fork and now the upcoming fork, once they are both out the way there will likely be a downturn in bitcoin price.

thank you for the information sir ! It is because a lot of my friends are over hyped about the extreme growth in its price and they don't believe me that the incoming fork will change everything.

diouf67

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Quote from: ArminH on November 02, 2017, 09:20:00 AM

Quote from: kriticko29 on November 02, 2017, 09:11:09 AM

Now that bitcoin is hitting all time high's ! And it is predicted to reach $10000 USD as its potential. How do you think the upcoming fork will affect the continuous growth in bitcoin's price ?

We will see a massive slump.
Current demand is only due to hard fork. Over the past weeks billions of capital have been transferred from altcoins to Bitcoins. (https://coinmarketcap.com/coins/)
Main reasons for slump:
1. Capital will be transferred back to altcoin markets after fork (happened after every fork)
2. Investors cash out profits
3. No short-term demand, as rate reached all-time high and there are no forks or other big events in the near future

Agreed, it is the thoughts of myself and many others that the bullish mood is currently because of the previous fork and now the upcoming fork, once they are both out the way there will likely be a downturn in bitcoin price.

ArminH

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Quote from: kriticko29 on November 02, 2017, 09:11:09 AM

Now that bitcoin is hitting all time high's ! And it is predicted to reach $10000 USD as its potential. How do you think the upcoming fork will affect the continuous growth in bitcoin's price ?

We will see a massive slump.
Current demand is only due to hard fork. Over the past weeks billions of capital have been transferred from altcoins to Bitcoins. (https://coinmarketcap.com/coins/)
Main reasons for slump:
1. Capital will be transferred back to altcoin markets after fork (happened after every fork)
2. Investors cash out profits
3. No short-term demand, as rate reached all-time high and there are no forks or other big events in the near future

kriticko29

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Activity: 336

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Now that bitcoin is hitting all time high's ! And it is predicted to reach $10000 USD as its potential. How do you think the upcoming fork will affect the continuous growth in bitcoin's price ?

Topic: How fork will affect current bitcoin price ! (Read 343 times)