How the Fork in 25.OCT will effect Bitcoin?

bubblebit

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Quote from: guynagdai on October 21, 2017, 04:13:11 PM

What will happen to the Bitcoin after the fork? will the price go down?

A couple days of decreases will be reasonable as mostly who hold for a free coin/bitcoin Gold might sell they’re bitco afterwards. But that just what I’ve noticed last forking bitcoin cash but it will not last for long. It will recover eventually and can be on momentum again for a bull run.

Quote

When should I buy Bitcoin? now before the Fork or after the Fork?

Everyday is a good day to buy bitcoin but it depend on what capital and risk that a buyer can handle.

pooya87

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price will probably have a little drop since people are expecting it to drop but they won't sell themselves. and i say little because currently price is dropping and it is already $350+ lower than the ATH at $5760

but after that is done (it may take a couple of days up to a week) the price rise will begin because of the correction and also all the free money that flies in bitcoin.

but again we are going to have another fork for S2X and that has a good chance of causing some downtime before and after the fork.

giveen

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Quote from: SM23031997 on October 21, 2017, 04:19:15 PM

After the fork, the bitcoin will go down a little bit I'm sure it will recover soon after that. Fork provides stability to the network but in this fork, I don't see anything like this. Buying before the fork will be good as you will get benefitted from that in two ways, you can use bitcoin as well as bitcoin gold for the price of bitcoin. Wink

Fork won't provide anything valuable for btc , it does give free which many enjoy but it is also bringing more shit to the market , after fork most miners will mine bitcoin gold but just like bch they will stop after difficulty will be increased and it will no longer profitable to mine bitcoin gold when compared to btc. These fork increases the price of btc but causes lot of instabilities in long term.

Juggy777

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Quote from: guynagdai on October 21, 2017, 04:13:11 PM

Hi,
What will happen to the Bitcoin after the fork? will the price go down?

When should I buy Bitcoin? now before the Fork or after the Fork?

Thanks

Currently the price looks stable and it's having resistance at 5800$ so if coming to the fork it's stays as it is then you can buy at that time, however buying a day or two before the fork is risky, your transactions could get stuck, there not much info on how this fork is going to take place or who's support it has clicked, I feel if there a downfall it shall be very minimal, it may rise instead if the fork fails so keep on buying in dips.

ethereumhunter

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i think the effect that i know is the price for bitcoin is decrease in a little amount or big amount but after that, the price will be increase back and sometimes the price is increase more higher than before. i have seen this before especially when bitcoin cash is launch and yes its give effect to bitcoin but not much and i can buy more bitcoin if the price is really get down.

Nameless27

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Have anyone forgotten what happened after the bitcoincash fork. The bitcoin price increases since then, so the more it will increases this time after bitcoin Gold fork. For the same reason or much telling signs that bitcoin Gold done nothing special and even a little unknown than bitcoin cash.

In my opinion a bullish run will happen after the fork if only those holder will not simultaneously sold they’re bitcoin after getting they’re free money.

desi92

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There is no effect for bitcoin, its just born of bitcoin gold.
Better you buy bitcoun before fork so you can get free bitcoin gold on your wallet.

ruthbabe

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Quote from: guynagdai on October 21, 2017, 04:13:11 PM

Hi,
What will happen to the Bitcoin after the fork? will the price go down?

When should I buy Bitcoin? now before the Fork or after the Fork?

Thanks

My understanding of the fork that's scheduled to happen this 25 of October is for Bitcoin Gold (BTG) and it has nothing to do with Bitcoin. So, if you have Bitcoin (BTC) held in your wallet during the time of the fork you have the same amount of BTG. However, there are no clear instructions on how to split your BTC from BTG. So, I guess it's not good to buy Bitcoin at this time and maybe up to November as there's another fork to happen in mid-November, the Segwit2x hard fork.

Coin12

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Quote from: guynagdai on October 21, 2017, 04:13:11 PM

Hi,
What will happen to the Bitcoin after the fork? will the price go down?

When should I buy Bitcoin? now before the Fork or after the Fork?

Thanks

If i have enough money, i will buy bitcoin 2 or 3 weeks before hardfork. As we know, bitcoin is gowth upon hardfork.
And also you will get free of btg.

AT101ET

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Quote from: NoomDalv on October 21, 2017, 07:58:37 PM

Could somebody please elaborate on why is this fork happening? i'm relatively new to the scene and i was looking for information about the bitcoin cash fork and most of the people said it was going to be a shitcoin and i think the opposite happened, its sitting now at $324, above ethereum which is worth $301.

So is it possible the same thing occur with bitcoing gold?

Nobody specifically said that. It had too much backing and hype for it to be considered that. The only thing people said was that it wouldn't be able to replace BTC which is what it was intended to do.
However, it wasn't a failure in its own right. BCH still sits at one of the top positions in terms of market cap. The new fork might impact the price of BCH too but time will tell. We'll just have to give it a few days to see the immediate affects.

lumeire

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Quote from: iram1011 on October 21, 2017, 07:47:01 PM

Bitcoin is highly overbought and overpriced right now. I don't suggest anyone to buy at present because after the fork on 25th Oct, price is set to drop and needed correction will definitely happen.

Actually even without the fork, BTCBTCBTC is still highly overpriced.

NoomDalv

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Could somebody please elaborate on why is this fork happening? i'm relatively new to the scene and i was looking for information about the bitcoin cash fork and most of the people said it was going to be a shitcoin and i think the opposite happened, its sitting now at $324, above ethereum which is worth $301.

So is it possible the same thing occur with bitcoing gold?

mk4

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Couple of possible scenarios:

1. People move back their funds to alts after claiming their bitcoin gold. Effectively bringing down the price of bitcoin.
2. People converting all their bitcoin gold for bitcoin, increasing the price of bitcoin by a bit.
3. Both 1 and 2. Probably making the price of bitcoin stay as is at around $5700-$6200 mark for a few days/weeks.

Decide for yourself when or at what price your entry point is going to be. No one knows for sure what's going to happen on the crypto markets.

iram1011

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Bitcoin is highly overbought and overpriced right now. I don't suggest anyone to buy at present because after the fork on 25th Oct, price is set to drop and needed correction will definitely happen.

BTG might be a next shit coin. Therefore, there is no need to buy Bitcoin more in order to get BTG. Rather this is the best time to invest more in altcoins. They are available at best price possible and will shoot up after fork as people would be selling their Bitcoin and getting back to altcoins. If you wanna buy Bitcoin, get in after fork unless you dearly need BTG.

Marry Finch

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Now it's a bit late for us to buy bitcoin before the upcoming bitcoin fork on October 25, as its price has skyrocketed over the past few days and how it will behave further, that is, whether it will still grow before the fork, is unknown. Everyone agrees that after the fork, the bitcoin course should fall slightly for correction. However, if you want to purchase a new branch - bitcoin gold, then the point of buying now is bitcoin unequivocally.

LTU_btc

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If you want to buy btc now, I think you are late for few days. Btc price now is $6020 and only reason to buy btc now - you may want to benefit from free BTG received for btc that you hold.
Now few days before fork btc price looks "pumped" (if we can use this word) and we can expect that it can gow down a bit after fork. But it's not worth to wait for big fall, bitcoin gold altcoin can't have very big impact for btc price. As we saw in past, Bitcoin Cash didn't afected btc price very much, same will happen with Bitcoin Gold IMO.

EcoChavCrypto

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Yes nobody knows who it will really react after the fork, but if we look at the past few days, we can realize that the price went from $4500 to $6200 in just a few days if i am not wrong, so what can be wrong right now? it rised a lot, maybe it can drop a little because it always happens that everybody sells a little amount of bitcoins after every fork.
But not more than $500, and that is a low amount compared to $6200 (atm price)

redhondaxrm125

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Quote from: guynagdai on October 21, 2017, 04:13:11 PM

Hi,
What will happen to the Bitcoin after the fork? will the price go down?

When should I buy Bitcoin? now before the Fork or after the Fork?

Thanks

To be honest, I really do not know and can't give you a sure answer. But I am guessing it ain't gonna be that bad like a lot of people today in the forum are saying.

Now, if you are looking to buy, for the fork, I think it is kind of late now already if you were thinking on getting your hands on Bitcoin gold, then you should have invested into Bitcoins as soon as you've heard about the fork.

The better choice to make now is just wait till the fork finishes and the price of btc goes to a quite big dip then at the first sign of rise buy as much as you can as fast as you can.

But still, it would really be such a waste if you weren't able to get bitcoins and not get the free bitcoin gold.

guynagdai

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So what do you suggest? buying now and enjoy the Bitcoin Gold.. or wait after the Fork?
how much do you thing Bitcoin go down after the Fork and for how long?

Also, I have so ETH. should I exchange it to Bitcoin before the Fork, and after to exchange it back to ETH ?

SM23031997

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After the fork, the bitcoin will go down a little bit I'm sure it will recover soon after that. Fork provides stability to the network but in this fork, I don't see anything like this. Buying before the fork will be good as you will get benefitted from that in two ways, you can use bitcoin as well as bitcoin gold for the price of bitcoin. Wink

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