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Topic: Insta dump after BTG Block Snapshot? (Read 1062 times)

member
Activity: 126
Merit: 10
October 26, 2017, 05:57:44 AM
#16
You think BTC will be dumped and not BTC Gold? I think it's will be vice versa, when Gold hits the streets everyone will sell, but I might be wrong of course. Because as we've learned form history, previous forks which we believed would not "make it", actually had a quite good run until now, such as BTC Cash. It's market cap is at about 6 billion right now which makes it quite attractive (even though I don't believe it's sustainable in the long term), there will be so many forks, that people will start realizing that all of them are just copies of the original, and will eventually go back to BTC. We have another fork coming up by the way, x2 which will create another coin, so that something to consider as well. Just because the forks are happening doesn't mean that something substantial is introduced in the market, most of these coins could be much easier "recreated" and re-launched as ERC20 tokens for example, which makes them kinda.. useless.
hero member
Activity: 1458
Merit: 509
October 26, 2017, 05:26:50 AM
#15
As we know, Bitcoin Gold will take place in Block 491,407 which will mostly occur at October 24, 3am PT (10am UTC)

Since the snapshot occur, you will get BTG and can we expect an instant dump of Bitcoin?

IMO this BTG event is part of the reason of the recent Bitcoin price surge
THat's true because that makes or just forced those are wanna earning the bitcoin gold to buy the bitcoin, but as you can see the bitcoin price already jumped back again below 6k. i may think another whype come asap
legendary
Activity: 1540
Merit: 1003
October 26, 2017, 04:05:58 AM
#14
As we know, Bitcoin Gold will take place in Block 491,407 which will mostly occur at October 24, 3am PT (10am UTC)

Since the snapshot occur, you will get BTG and can we expect an instant dump of Bitcoin?

IMO this BTG event is part of the reason of the recent Bitcoin price surge
I am really not expecting a huge dump of BTC even though the rise is as a result of the fork that just passed.
I feel the BTG will end up being dumped pretty bad instead if the chance surfaces and pushed more into altcoins to be able to get the dips. However, now it seems bitcoin price is still very much stable and the altcoins are getting pumped already.

Hence, I feel it now like, dump bitcoin to buy quickly at the dip since the fork is over, sell for profit, dump BTG for BTC once it comes and then win-win. Eventually, BTC will still end up pumped back.
legendary
Activity: 1232
Merit: 1029
October 25, 2017, 09:40:37 AM
#13
There will be likely some correction, but I don't think BTC whales are taking BCG rely serious, I believe the focus is on November fork, Segwit2x. If BCG become successful and trade above 0.005BTC expect Bitcoin fork to be the new ICO mania
You are right! Not just the whales, even the whole community never took BTG seriously. However, that does not mean the whale will not dump the BTG at the slightest chance they end up having hopefully for bitcoin before the next fork. I guess we just have to see how everything turns out eventually.
legendary
Activity: 1197
Merit: 1001
October 24, 2017, 11:26:18 PM
#12
As we know, Bitcoin Gold will take place in Block 491,407 which will mostly occur at October 24, 3am PT (10am UTC)

Since the snapshot occur, you will get BTG and can we expect an instant dump of Bitcoin?

IMO this BTG event is part of the reason of the recent Bitcoin price surge

Yes, that's exactly my plan.
4-5% for free is better than nothing and I don't believe that BTG have real future.

Already dumped mine Cheesy Cheesy I was fortunate enough to have it in YoBIT - the highest price around. I will count as free lunch to compensate the bitcoin decline in past 24 hours.

hero member
Activity: 560
Merit: 500
October 24, 2017, 09:13:09 AM
#11
Yeah, it seems to be some dump

I am thinking to short BTC once after the Block Snapshot

It might be a good shot there Tongue
Shorting btc after fork is really a good idea to get free btg as well as to sell your btc with a better gain when compared to dumping now. Just remember to sell it faster than others, for sure a correction will occur by the time BTG fork is done and is distributed to users holding btc now. It is also a wise move to short some btc now to secure profits, there is a lot of uncertainty with btc price movements right now and we does not know when crypto winter will come.
member
Activity: 60
Merit: 10
October 24, 2017, 08:13:06 AM
#10
I've already sold my free BTG at 0.05, easy money haha Cheesy
hero member
Activity: 615
Merit: 502
October 23, 2017, 03:39:59 AM
#9

More like a flood of investments back in to undervalued Alts..  Like PIVX and CRAVE  Grin
sr. member
Activity: 1680
Merit: 278
October 23, 2017, 03:21:21 AM
#8
I am seeing a good correction after the fork, probably 10%-15%.

only.. i expect a wave of panic.. correction >25% and back to 4500$
full member
Activity: 252
Merit: 100
October 23, 2017, 02:38:45 AM
#7
I am seeing a good correction after the fork, probably 10%-15%.

It's happening on Trex.

Be prepared gents, alts prices are about to exploding.
full member
Activity: 560
Merit: 107
Keep Working
October 23, 2017, 02:22:16 AM
#6
I am seeing a good correction after the fork, probably 10%-15%.
hero member
Activity: 1568
Merit: 511
October 23, 2017, 01:41:29 AM
#5
Yup, I'm also going to dump some of them after that fork. Most of the buy is because of that fork people are looking to earn some extra cash from it as you get two coins at the price of one. We can only Hope massive dumping doesn't happen after that and bitcoin price remains there after the fork.

Yeah, it seems to be some dump

I am thinking to short BTC once after the Block Snapshot

It might be a good shot there Tongue
hero member
Activity: 868
Merit: 500
October 23, 2017, 12:22:59 AM
#4
There will be likely some correction, but I don't think BTC whales are taking BCG rely serious, I believe the focus is on November fork, Segwit2x. If BCG become successful and trade above 0.005BTC expect Bitcoin fork to be the new ICO mania
hero member
Activity: 1092
Merit: 582
October 23, 2017, 12:03:09 AM
#3
Yup, I'm also going to dump some of them after that fork. Most of the buy is because of that fork people are looking to earn some extra cash from it as you get two coins at the price of one. We can only Hope massive dumping doesn't happen after that and bitcoin price remains there after the fork.
legendary
Activity: 1197
Merit: 1001
October 23, 2017, 12:01:49 AM
#2
As we know, Bitcoin Gold will take place in Block 491,407 which will mostly occur at October 24, 3am PT (10am UTC)

Since the snapshot occur, you will get BTG and can we expect an instant dump of Bitcoin?

IMO this BTG event is part of the reason of the recent Bitcoin price surge

Yes, that's exactly my plan.
4-5% for free is better than nothing and I don't believe that BTG have real future.
hero member
Activity: 1568
Merit: 511
October 22, 2017, 11:57:43 PM
#1
As we know, Bitcoin Gold will take place in Block 491,407 which will mostly occur at October 24, 3am PT (10am UTC)

Since the snapshot occur, you will get BTG and can we expect an instant dump of Bitcoin?

IMO this BTG event is part of the reason of the recent Bitcoin price surge
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