Topic: Where will the money go after the BTC fork??? - page 2. (Read 1465 times)
I'm with the majority here, after the hardfork I think there is going to be a massive sell off of BTCG and BTC and money will float back to alts.
Basically, the money here just keeps revolving. When the Bitcoin fork was announced, alot of people sold their Altcoins to raise enough BTC in order to get more BTG, after the fork, the money will come back to alts and the price of Bitcoin will dip a little.
I think people will sell ASAP and convert it into bitcoin driving up to ATH of around $6600 then people will realize it's time to sell as it's at it's peak and it'll eventually drop back down in lil dips/spikes back to around $5500 before it stabilizes. That will then flow into altcoin which will recover a little but not enough before the next fork and it all happens again.
The bad version, a bunch of whales have played this entire thing perfectly, they dump huge volumes of BTC immediately after the folk and people lose massive amounts of money wanting to get out of crypto all together. This brings the marketcap for everything plummeting down from all the FUD. (My ideal situation, buy season!)
The bad version, a bunch of whales have played this entire thing perfectly, they dump huge volumes of BTC immediately after the folk and people lose massive amounts of money wanting to get out of crypto all together. This brings the marketcap for everything plummeting down from all the FUD. (My ideal situation, buy season!)
I remember last Fork right when the fork happened, tons of money got poured back into alts for a couple days.
Where do you think more money will be put into Fiat, alts, or BTC after the fork???
The money from the fork of bitcoin(btc-btg) that I can get will most probably alloted to alternative coins. That's what my friends did last fork. They alloted their bch to alts and take note that during fork that would be the time where alts are rising. Better to buy altcoins after you received btg. And let it pass for months then surely you will profit a lot. Where do you think more money will be put into Fiat, alts, or BTC after the fork???
After the fork, people will be dumping BTG as fast as they can and the sell off of bitcoins will be huge. Money will flow back into altcoins because they usually produce higher profits than bitcoins, percentage wise. This cycle has happened over and over many times already. It won't change this time around.
Well surely same scenarios will be seen after the hard fork. People dumping their btg and buy some alts that's really promising that's why the money flow will just be surround here.
The fact that people are holding their bitcoin now is to have bitcoin gold, well everybody loves free money.
But they are also paying a very high price for the BTC now. Unless BTG ends up being worth a lot more than most predict, buying BTC the last few weeks was not a good idea. Unless it was to turn right around and buy alt coins. I'm guilty of buying a bit high too. I paid as much as 4900 and my average price is about 4300. Seeing it hit $6200 makes me feel a little better knowing there is a decent buffer. I'm in BTC for the long haul anyway (3+years). I put a lot into alt coins as prices tanked. So many cheap ones right now. I might sell 1/4 of my BTG fairly quick and then wait a little to see what happens.
Majority of the people here are saying alt coins. I dont know what will happen, but i really do hope that it will all go right back into alt coins. Because right now bitcoin pump is squeezing the sht out of all alt coins at the moment.
Very depressing to see all my alts drop so damn low.
Very depressing to see all my alts drop so damn low.
I think Bitcoin gold will fail as BCH did so BTC should be a clear winner and get more traction.
As for alts, I'm very bullish on Vertcoin (VTC) as it has the best tech and is Asic resistant and on MONA coin as this Japanese alt will benefit from the media campaign starting next week in Japan and its exchangeability versus Fiat on Japanese exchanges.
As for alts, I'm very bullish on Vertcoin (VTC) as it has the best tech and is Asic resistant and on MONA coin as this Japanese alt will benefit from the media campaign starting next week in Japan and its exchangeability versus Fiat on Japanese exchanges.
I guess the behaviour of market will be the same as 1st august. BTC dominance will reduce to common value around 45-48% and every alt will be pumped at 15-25% at average.
It will go to all for Alt coins for sure . Even people who is having good strategy now right time to invest on altcoins because all high potential coins are in low value after fork it will bump back for sure . So people who’s is buying now then they will be the winner.
i think ethereum will spike, back to the airdrops!
if there is airdrops it I will not follow it, because friends experience bitter after the hacked hacking account. 
I think they would stay at BTC due to Segwit2X hardfork at the middle of November. But it will be great if alts will return to their common price level.
I remember last Fork right when the fork happened, tons of money got poured back into alts for a couple days.
Where do you think more money will be put into Fiat, alts, or BTC after the fork???
Where do you think more money will be put into Fiat, alts, or BTC after the fork???
I think it will go back to where it came from. So if money came from alts, I'd suggest that it will also go back there after the fork, so probably now is a good time to buy alts if you don't want bitcoin gold.
for sure all money come into alts because trader will always be trader, we not gonna miss even only one moment to buy alt with cheap price. and then wait price to rise again
If you are speaking about BTG fork - I think, immediately after receiving BTG, everybody sell it for BTC and BTC price will go higher. After it - money will slowly return to ALTs.
bitcoin again in a short time shows new heights. This is a little annoying, since behind such a sharp increase there must inevitably be a large-scale correction. This negatively affects the general mood in the market. Many have a desire to enter the market from Fiat. In order to have a positive mood in the market, we need more news about the fact that bitcoin will grow to 10,000, 25,000. Then new money will be poured into the market. And the market will come to life
ARe you talking about hard fork? or btcgold?
I think people would keep their btc in their wallet so they can get free coins. It wouldn't make any sense to put it in alts until you get free coins unless you want to take a loss.
I think people would keep their btc in their wallet so they can get free coins. It wouldn't make any sense to put it in alts until you get free coins unless you want to take a loss.
After the fork, people will be dumping BTG as fast as they can and the sell off of bitcoins will be huge. Money will flow back into altcoins because they usually produce higher profits than bitcoins, percentage wise. This cycle has happened over and over many times already. It won't change this time around.
Well surely same scenarios will be seen after the hard fork. People dumping their btg and buy some alts that's really promising that's why the money flow will just be surround here.
The fact that people are holding their bitcoin now is to have bitcoin gold, well everybody loves free money.
I hope it will go into the alts, but it is crypto so who knows.
It dont think the 25 will be the turn around, but after segwit2x hopefully everything should be fine
Cheers
It dont think the 25 will be the turn around, but after segwit2x hopefully everything should be fine
Cheers
I remember last Fork right when the fork happened, tons of money got poured back into alts for a couple days.
Where do you think more money will be put into Fiat, alts, or BTC after the fork???
Where do you think more money will be put into Fiat, alts, or BTC after the fork???
Fiat does not affect because of the hard fork and upcoming segregated witness 2x you no need to worry about fiats you have in your bank or digital wallets.
If you take the bitcoin sure dump will be there after the hard fork since we see these kind of dump in the last time hard fork happen in August 1st and later BCH rate also falls after some days.
Altcoins already started falling from the past two days due to ethereum segwti2x is taken part in this coin, so all eth based falling down.
I'm thinking going in to alts honestly. Maybe some convert to btc, some taking free fiat. But the primary big holder of BTC who benefit from the fork the most will prob go into alts. My guess
So you are going to hold your BTC until after the fork so you do receive BTG?
After the fork, people will be dumping BTG as fast as they can and the sell off of bitcoins will be huge. Money will flow back into altcoins because they usually produce higher profits than bitcoins, percentage wise. This cycle has happened over and over many times already. It won't change this time around.
People will dump bitcoin gold but the price won't fall much , in case of bitcoin cash the price had a solid resistance at $300 same can happen for bitcoin gold also. Regarding money going back in alts yes you are right alts will increase but most money will be sold for fiat rather than alts. Jump to: