Bitcoin Forum

In a month, Segwit (BIP148) will be implemented on Bitcoin and many people are uncertain on what effect it would have on Bitcoin's price.  Maybe that is why the price of Bitcoin has been fluctuated, on the most part, between $2400 and $2800 for the last one month and not going higher despite of many positive and encouraging news that recently came out.  It is possible that after the Segwit implementation, Bitcoin may folk into two.  When that happened, it may cause confusing to the market. 

Question is, if folk happened, for those vendors who accept bitcoins, how are they going to manage accepting the two different coins?  For those who keep their coins in cold wallets, what would happen to the coins?  How does a Bitcoin platform, like Coinbase for example, manage its customers' deposited coins?  And the most important question is - would Bitcoin price drop in the short run or even in the long run due to the folk?

What do you think? 

It is FORK not FOLK.

I also believe that the uncertainties about the upcoming activation of segwit is the main reason why we are experiencing a very bumpy road. And the price had become surprisingly stable in these past days.

The fork issue is not yet final. There is no formal announcement that there will be a hard fork at about 3 months after the activation of Segwit so nothing is to worry about, for now. However, if ever there will be a split on Bitcoin's chain, I am not sure about how can people cope with that event. It might be catastrophic.

i believe it will be implemented only if it can gain enough support.

the effects of implementing SegWit on bitcoin is pretty clear. there will be a rise.
the effects of how to implement it is unclear. it can be a smooth transition with majority support or it can be a hostile change with low support and a risk of chain split.

no it is not.
the fluctuations are normal and they happen every time after there is a rise. price becomes stable between two high and low prices where people who don't know what is happening are becoming confused why bitcoin is not rising 24/7/365!

do you have a lisp?

fork does NOT mean automatically we get two coins!
there is a small chance a split happens from any kind of fork and if that happens because of how big bitcoin is i expect one of the chains to die soon and we will be left with only one chain.

there are many topics on this. please use the search function!

you have to ask Coinbase.

i explained this already.
it depends on how the fork is going to happen.

It won`t be catastrophic,don`t scare the newbies OP. ;D
Do you remember Bitcoin Unlimited?What happened to BU?
Bitcoin will survive the fork and will grow stronger.The only problem will be when all the newbies (like the OP asking the questions in the thread)panic and leave bitcoin for some altcoin like ethereum.

Did you see what happened with those folks from Ethereum? those folks suddenly folked it just because they were too idiots and some other folk stole some tokens legitimately and supposedly apparently, instead of accepting their own stupidity they rolled back the chain(fixed) by resetting the game, it was like a game for them where after dying you could drink from the fountain and resurrect your self.
Now some folks from China, the same nefarious Wu gangnam style gang thinks that it's possible to do the same with Bitcoin, but when they switch their mining power into mining a different coin they'll realize what the fack did they just do but it'd be too late by then because in Bitcoin mining every second counts, if you are not mining for 1 hour you could lose more than $50K now imagine how much they'd lose in a single day? almost $750K.
If that is an acceptable loss then I'm sure they'll folk and we all go home with coins worth $880.

If Bitcoin splits that might mark the end

Though this is not set in stone and we should hope for the best (since all cryptosphere will get affected). I guess it will be like supernova exploding and that supernova would be our sun. So merchants' fate should be your least concern then, they will obviously just stay away from Bitcoin for the time being. I don't think there are many merchants that are living off Bitcoin (so they certainly won't miss Bitcoin much). Regarding coins in cold storage, they should be safe (and get doubled or tripled), but Coinbase is obviously a big no-no (we may see a massive exodus of bitcoins from every web wallet out there right before the Judgment day)

http://s009.radikal.ru/i309/1707/c1/52fd70e6ceee.jpg

If the chain split happens for real there will be a war

Fear the folk!

A dump could happen. There are whales who can cause fear in the market and use that to make some profit by shorting Bitcoin. As an ordinary holder, I see any dump as another opportunity to buy more. There is no use to look deeper into it because the markets are all really out of our control.

Will it really dump or it will just a artificial dump and price will pump after that. The point is that bitcoin is the need of the today digital world and many online business are using bitcoin. Anything which has a demand, that cant be put down so easily.

Any dump happening right now is just an attempt to get rid of the last weak hands imo.
No whale in the long has the intention to harm Bitcoin. It's all about accumulation.
So yes I would and will buy as much as BTC as I can afford. Let the others freak out.
I will gladly pick up the fruits they drop. :)

Ha ha.... My bad. ;D

Today the crypto currency market is exactly what you mentioned. The fact is that all crypto-currencies today are falling and even Bitcoin has fallen by $ 400.

Lol. Bitcoin has not fallen by $400 currently, but I agree it has fallen to $2400 now. Its just how the market really works. Sometimes we experienced this kind of dip. We have similar instance last May (2x). And I think this is the third time in June. But after this kind of dip, bitcoin price recovers because a lot of investors are attracted to buy because of the low price. They don't want to miss this opportunity to get bitcoin back.

I am not the OP, just to make clarifications here.

Yes, I remember BU but did the hard fork happen at that time and did BU ever existed at that time? No so how can you be so sure that the possible fork will not be catastrophic? I did not even say with guarantee that the fork will be catastrophic, better check my post again:
I am not scaring anyone but a hard fork is not healthy for Bitcoin. You can ask some legit expert out there and they can say that the fork is not healthy at all.

I am not neglecting the possibility that Bitcoin can survive, I am hoping for it.

Strictly speaking, the far majority of the merchants that are accepting Bitcoin aren't really using it.

It's just them making use of third party payment services to settle Bitcoin related payments, where after that the merchants get their so loved fiat sent to their bank account.

In most cases these third party payment services do allow merchants to partially get paid in fiat, and a small part in Bitcoin that they get to keep, but not many are choosing for that option.

Ethereum failed so hard so they had to do emergency hard fork/rollback update, at that time people were saying that ETH is done for and this is the end.
Look at ETH now, the second biggest crypto. Just to remind everyone, price after the fork was around $10 or even less, now it is like $222?
As always, speculations about future and potential demise/fail of bitcoin are exaggerated greatly. Bitcoin will survive even after a split.

The problem here is that noobs tend to take everything for granted too easily. If you look at how many threads have been popping up with the split/fork as subject, it shouldn't surprise anyone that noobs can't hold themselves anymore. The entire forum has been infested with clowns spreading false and wrong information. If you widely browse through this forum, you'll see that the majority of the people look at forks as something negative, while in fact these 'updates' are needed to push Bitcoin forward to let it cope with the increased demand.

Hope the whole Bitcoin community will understand that and work together to prevent the fork to happen.

If one has 1 BTC in a cold wallet and if Bitcoin forked into two - BTC(A) and BTC(B), would it be so happened that after the split, the combination of (A) and (B) would be less than 1 BTC?


Isn't ETH different from BTC as BTC is a more commonly used currency and ETH is more like a tokens (which is currently not being accepted by general public for payment)?  In such case, the impact of a fork on them would be different.  Impact on BTC would be much sever?

That's why I don't who am I going to believe with this split. Anyway, I'm planning to sell now at $2,375 not because I'm a weakling but I just need some bucks. Though still it's a good thing for me to have some holdings just going to wait for some good news for the next few days before August 1 comes.

Why sell all if you need "some bucks" sell just the amount that you need and hold the rest.
On the other hand if you don't know who to believe, in other words you don't have your own opinion, but rely on others with your finances, you should sell and stay away from it until you gain some confidence. Nobody should invest in something he fears, just because others have made money on it.

https://upload.wikimedia.org/wikipedia/commons/f/f6/Breviarium_Grimani_-_Juli_detail.jpg

The bitcoin folk :P

I can pleace my money there there will be a huge dump at the end of july just from the whole fear of the uncertainty and the bitcoin price dropping after the 1st of Aug, then the price will go $3k+ in the next couple of weeks or even days.

I've never been so excited about anything as much as I'm excited to see what's going to happen in August.

Exactly, we are not sure about its results, so people are very worried about the future of bitcoin, a possible divide and the value of bitcoin will be drastically reduced. A lot of people are selling bitcoin and making its value fluctuate.

However, it is not sure speculation right. If you see the price bump after August. We may happy to hold buddy. You can hold the bitcoin at any time. It will provide the 100% returns for your holdings. Only one head ache will be happen us. that is fees for mining, which will increase due to supply and demand.

Cryptopocalypse incoming, buying cheap coins @$1200

It is not quite clear what you mean

After the split you should have 1 BTC on the one chain and exactly 1 BTC on the other chain, so your total of what could still be loosely considered as Bitcoin would be equal to 2 bitcoins. In a sense, chain splitting doubles your bitcoins (or even triples them, if there is more than two chains). If you meant to ask whether the combined value of these bitcoins would match (or even exceed) the current price, this is highly unlikely. Most likely, the price will crash below 1,000 dollars per chain per coin, and it may in fact be way lower than just 1,000 dollars

Seems the segwit2x code is buggy as hell.  The market is starting to price-in the bip-148 soft fork which won't have much hashing power but has a lot of end-user support.

I am hearing about this for the first time,i did not know that segwit2x code is buggy. What ever may be the reason these are tough times for bitcoin without a doubt as anything could happen in the next few weeks and i really hope that everything comes out good.If there is a split there would be dump without a doubt.

Rather than spreading fake panic informations, of course not at all explained, you should try to actually construct a bit more your idea ::).

So what you suggest should we dump bitcoin now and see what happens after 1st August and buying again in next couple weeks?
Are you optimistic about bitcoin after 1st August will bounce back again if price drop more than 50%?

He is speculating that a crazy dump will happen.
Others speculate we will rise before August as SegWit getting activated is pretty certain.
You can ask ten different persons and you will get 10 different answers.
Make up your mind and decide yourself. You could sell a part of your coins.Therefore in terms of a rise you're still on the train and if we should dump you can use the cash to buy back in cheaper.

A crazy guy is trying to make people nervous, it can affect some people at this forum, instead of trying to make people worry, I think he should find a way to deal with it. His current problem with bitcoin.

You got my question read correctly.  Thank you.  Your answer is what I am afraid of in that the overall value of the bitcoin holding will decrease.


LOL!   Maybe I should change my alias to "Bitcoin Folk" instead of "Bitcoin Guy".

Be careful of your words, you are too aggressive. I think no one is cheated on him, people are so knowledgeable about bitcoin, if they want to cheat on anyone, they need convincing evidence.

No, the price of Bitcoin really can breakdown to $1800-$1600 in next time if psychological of trader still continues to panic as past days. Status SegWit, deathline, bad news about Bitcoin ... are reason can make that, maybe can happens in the last week of July to first week of August. Be careful!

First bitcoin fork is very unlikely, second there will probably be segwit implement.
I think uncertainty will create sell waves but it won't be huge as people expected and holders, as always, will win.

I understand your mean, but the base price to holding BTC depending on each person, example a holder buying at price $2800, can say this person will win when choose hold? Sometime, need sell to buy more amount Bitcoin can helps you take extra profit

I am wondering how effective will Segwit have on Bitcoin?  Ethereum is 6 to 7 times faster in processing transactions than Bitcoin, but it is still having scaling issue when handling the big demand from ICO weeks ago.

It seems that there might be no SegWit2x

And no soft fork either (i.e. no just SegWit), so your fears (and not only yours, obviously) may be unfounded. As theymos recently (https://bitcointalk.org/index.php?topic=2012696.msg20057092#msg20057092) wrote, BIP148 has little to no chances to pass through, so there is no reason for Jihan and his Antpool to signal their support for SegWit2x anymore (which they are firmly against). It kinda looks they are going to revoke their agreement, and then there won't be enough support for SegWit2x activation. The bottom line is that the current status-quo is likely to be preserved (read miners have won)

Could you elaborate what you mean by "BIP148 has little to no chances to pass through"?  I thought they are going to activate BIP148 on August 1st regardless?

I thought segwit2x or UASF on August 1^st is a good deal which could cause big increase on bitcoin prices in matter of a week or so (read this for more information http://www.uasf.co/). But, there are too many negative opinions here and there in this whole fear of uncertain hard fork and chances of chain split. For people who knows for sure what will happen this month or next month due to this fork things, could play with the prices and get big profits from panic seller.

Now, I've read an administrator comment about this and stated BIP48 will fail and bitcoin might face crash before or after August.
Last day, bitcoin price declined as much $200-$300 and may continue to drop, many people already triggered to sell and pretty pain for big holders who felt lost because this dump. However, I suggest to everyone ; if you afraid of lose, than just sell small amount of bitcoin just in case and believe in bitcoin, it always recover after big drop and there is a small chance for bitcoin drop less than $1800.

You sure that it will go down $1,200? Everyone seems to see the price to be dumped before and after the fork. This has been tested when there is something to happen this type of scenario is happening, putting people into panic but after the panic. Those on the top are just watching people sell their coins at low.

In fact, I also thought of that

Or, I should rather say, I hoped for that. But then I read theymos' comment about BIP148 being doomed anyway, then I checked (https://coin.dance/poli) for myself and right now the support for UASF BIP148 is hanging around 8% with the requirement of 51% (if I'm not mistaken). Is it possible to change that during the days remaining to get there? Yes, it is certainly possible. But how likely is that? In fact, somehow I won't be surprised that everything will go on as before after August, 1st. Status quo is what miners have been looking for all this time. Their proposals and actions (no matter what their declared aims might have been) had always been aimed at that, i.e. locking the current state

http://s018.radikal.ru/i511/1707/4d/b74e8f3a66da.png

It is the real results of these actions that matter

Opportunities will present themselves for the bold, of course whether they can take advantage of that or not truly depends on how capable a person is to adapting to a currently evolving situation. Of course the safest move is either to exit a good portion of your positions or to hodl and wait until the waters settle, but those who ride the waves may see some really good returns or serious losses.

I think $ 1600 would be the lowest price for bitcoin in the coming time, so i will sell it now, then, i bought it, a simple plan i just need a little luck.

No, it's pumping again the price is currently at $2,367 so do you still think that the price will go down at $1,600. A very simple plan is just to keep on holding and make sure that your bitcoins / funds / cash on wallet are safe. You need to be prepared on and before August 1.

I spent over an hour researching online on UASF vs Segwit and my head is spinning right now!

1. So BIP9 is Segwit and BIP148 includes BIP9 except that it is more forceful as it will be activated on Aug 1st?
2. A Segwit will save the block 60% of the space so it can place 120% more transactions, 60%/(1-60%)? 
3. Asssuming BIP148 will not be activated, when will Segwit be activated?
4. A Segwit on the original block is a soft fork and Segwit on additional block (ex: Segwit2X which double the block size) is hard fork?
5. Can LN implemented on Segwit?  How much does it take for Bitcoin to have LN?  Because, in order for Bitcoin to be accepted as a real currency, it needs to be able to process micro transactions with very small fee with extremely fast speed.

I am HODLING!  (I did not know this word is a legitimate word because I have always thought that it was a typo.  And I did not know that this word has been around for 3 1/2 years! Further, I did not know that we can use words such as F*CK, SH*T, and A**HOLE in this forum!  LOL!  Check this out:  https://bitcointalk.org/index.php?topic=375643.0)

I guess my head would be spinning no less

If I were as interested as you, of course. But, to tell the truth, I'm not very curious about all these gory details. I just don't like all this shit happening in and around Bitcoin, and I don't think either that ordinary Bitcoin users should ever rack their brains over such issues. And if they, nevertheless, have to, this doesn't bode well for Bitcoin. For example, Litecoin now has both SegWit and Lightning Netword activated, and I don't remember that its users had to walk through all these BIPs, UASF's, UAHF's, and whatnot. I just hope someone more knowledgeable drops in and explains it to you

i still believe the price of bitcoin could bounce back to the top in the future.

but considering the current situation i a little bit doubt , just hope it won't get dropped so hard more than 30%. $1,200 could be a heartbreaking i think , people will lost interest in bitcoin and hard to gain it back later.

That makes me feel much better!  LOL!


I guess it is much easier to make change on Litecoin than on Bitcoin as Litecoin is a relatively new coins and is not as broadly accepted as a medium of exchange currency as Bitcoin.  Bitcoin, on the other hand, has been used by the globe and is broadly accepted as a currency.  It also has a much extended history that comes with political complexity.  Sigh.

Yes, we should make all decisions before August 1. I agree with his view, the world is preparing new plans for bitcoin, and it can affect the value of it.

There are no such controversies in Litecoin

Maybe, because Litecoin's creator, Charley Lee, is still active in the community and remains the guiding force behind Litecoin's development? As far as I remember, persons like Jihan Wu (which also happens to mine Litecoin along with Bitcoin) tried to oppose the activation of SegWit in Litecoin as well. But they are obviously not as powerful with this coin as with Bitcoin, so they couldn't do anything but accept the changes and bite the bullet (or go home if they chose to disagree). It would be interesting to see Satoshi Nakamoto show up and state his position

I don't really know if its a good thing or a bad to do the segwit and bitcoin fork.
Maybe the price could drop but I think it won't stay low for so long so let's just see what would happens next after it.

I am not sure these kind of situations happened before in bitcoin ,when the amount of users were really low anything was possible but now the user base has increased and it is really difficult to predict exactly what will happen to bitcoin after August,i am still hoping that there wont be a big crash ,the only thing i can do is to wait and watch.

I think you may be correct that the fact Charley Lee is still active may be the key factor for the smooth transaction of the Litecoin development. 

A fake Satoshi Nakamoto did show up and try to influence something.  I did not pay attention on what that something is though.


Seeing Bitcoin price has been holding for these past several weeks bring some comfort.  Given that, I think it will take some bad news for the price to crash.  So as long as there is no bad news before August 1st and that segwit is successful, I think the price will go up.

The total value of Bitcoin is  16.1$. The total number of bitcoins available worldwide is 23 million bits. Auctions for a bitcoin nation are not easy depending on the economy of a people. China, India people are buying bitcoin to protect their savings. Australia auctions  11.5$.

It kinda looks we are going to see a lot more wannabe Satoshi Nakamotos

Particularly if Bitcoin hits astronomical figures in the future. And if a real one decides to show up eventually, he may have problems proving he is the real Satoshi Nakamoto. Even if he signs transactions with the key from his 1M stash of bitcoins, people will still question if he didn't steal the keys. Back in the day, there were rumors of Charlie Chaplin attending a Charlie Chaplin lookalike contest where he had allegedly won the third prize

That is so interesting and funny.  I think the rumors might be true because the act reflected his personal and the acting role.  However, it was not fair to the second place person though.

In the case of a fork I think we are going to see an immediate reduction in price not only in bitcoin but in all altcoins since I think many will lose faith in the cryptocurrency market, so if a fork happen we will probably have a bear market for quite some time.

This is not necessarily so

At least, this may not hold true in the long run. In the early stages, all altcoins (apart from minor ones which may get caught pumped by their developers at the moment) are likely to follow Bitcoin's lead on its way down. But the point is their markets are a lot smaller than that of Bitcoin, so it will take only a fraction of fiat running away from Bitcoin to seriously pump even major altcoins (personally, I expect Litecoin to get pumped as it starts to receive cash from Bitcoin). Further, while most if not all altcoins will go down along with Bitcoin crashing, some of them are going to rise in Bitcoin terms specifically, and this is what already happens to Litecoin. Somehow I hoped that it would at first go down stronger than Bitcoin so I could convert more bitcoins to it, but that didn't happen (at least, not yet)

Knowing that the value my investment will probably continue to fall till the current suggested scaling solution is agreed up on and that the issue is fixed, I am still HODLING!   I could pull them all out and wait for a good time to go back, but with the buy and sell limit restriction and tax consideration, it may not be a good option.  I already got screwed from buying because of the weekly cap and do not want to get screwed again.

I think many investors do not know how to save their coins into a cold wallet and do not want to take the time to learn how and the chance to do it.  As a solution for the problem, they just cashed out from cryptos for now.  Money will come in and pumps up the price again when everything is settled - eventually.  Just my humble opinion. 

No fork, no dump! ;D ;D ;D

Hope it keeps that way.

BIP91 will likely to be locked-in and Segwit2X will be implemented.  It seems like when Segwit2X gets implemented on Nov 1st, there will most likely be a fork as having 100% of support is almost impossible.  There will be two Bitcoins.  The consequence will probably cause some price drop in the beginning.  Just hope that nothing major bad will happen.

https://steemit-production-imageproxy-thumbnail.s3.amazonaws.com/DQmZvUAW7a9x9ReMRqk3BXJ9srfnGqw4sX3mdGFc6BNq9mB_1680x8400?AWSAccessKeyId=ASIAJQPKPNL7XWRR2LXA&Expires=1500423765&Signature=EzvWbXfDMScqZ9i1FUFvxxLxXLA%3D&x-amz-security-token=FQoDYXdzEGYaDGHSVZLu2MnsDR0aCiK3A016cQBk5Yc4jOHz35F2PhE4noZSFP7%2BBcq5Rxx7m9SV5vc%2BLLML9Fi%2BEOrzXamS5aV2br%2F483cjWvycbIcmzT76qS3QMbGYmZo3kPSqWjs8wlnVrh4CNtuIPSJWAmwkJcrLYsM4ob1SP30cq3Bl%2B8VoqKPUDQ%2F6uH%2BPkZiJM9vwn9%2B4fqULJoJ2i4MQbOwJ0kQLYpRaTlzpIWdZ4l19cJxgzGbUepBBDwzh46Oe8%2B7PIY1mJj2B%2FhFeP9bweBgCG%2FM980Ckc7i%2BKzIzITL%2Fyu%2BrIi%2BaCnngq%2Fml9K%2FKeKbRrKM%2BTcmDNmSic2IWl7fmiWnrgO5lj%2FxkM0%2FYtr7rV1nCN%2FjOFX57X0US22nqBIjbGw3ncHx%2BWfM9TV9wAuWSilxGz6NJPl5eoSO9i6GlD4EXCj8urWYJlwWRFpfx4fZTS0cCZfS6Eo1uGSUb0bjWC5gxOe94p7g6poVFs1WRp2UFhtWLhquCwuEV2SBsq%2B9aNAx1753aR3iUoDBgxYp1jmELA57YcJU93JAOn6BbBlO62od%2BC4qQBFP3fm4FB7VZFp86izqM4JrSOl3wIfybWZrryyHviSAon%2FK5ywU%3D

The price of Bitcoin is sure that it will drop, before August first, and some days, weeks or maybe months before we start looking at the increase in the price of Bitcoin.
But the drop in price of Bitcoin will not be in too much long run.

I agree fork or no fork bitcoin will get only stronger. Bitcoin has already survived such crisis in the past and every crisis makes bitcoin much more stronger and I hope it's not going to be different this time too. Just don't panic, don't create fud and you will be much happier than ever

BIP91 LOCK-IN PERIOD:
44 blocks before current lock-in period ends. Still 29 blocks needed for a lock-in.
There are 82.2% BIP91 blocks mined in the current period.

https://www.xbt.eu/

As the lock-in becomes more premising, the higher the price moves.

It’s no wonder that Bitcoin price is unstable during the time of a probable hard fork. Although I thought that the exchange rate would go down even more dramatically than it is now. I currently have Bitcoins on my wallet and don’t plan to withdraw them. This is not the first and certainly not the last time Bitcoin comes with hurdles. I’m sure it will stand.

It seems like, at least for right now, the prices of BTC and BCC combined are higher than the price of the BTC before the fork.  It would be good if all exchanges are supporting BCC so that Bitcoin holders can benefit from the fork.

Higher than before the fork? You can't seriously look at Bitcoin from that point of view. Bitcoin at current levels is just 10% shy of its previous all time high. Add that this period has been pointed at as being quite volatile due to the given circumstances. Give it some time, and Bitcoin will blast through the $3000 level this month, no doubt about it. Regarding BCC, most exchanges and services will end up listing this altcoin. But the thing is that Bitcoiners will only end up taking advantage of this fork just once. Some people will look to liquidate BCC at the very start, where others prefer to wait for BCC to recover in price.

The fact is that you can evaluate the events differently, Because there is that 16 hours ago the price of Bitcoin was 2800 dollars, and already now we are seeing at 150 dollars lower. To explain the current trends is still difficult. It remains for us to observe and abstain from carrying out any transactions for the time being.

Now bitcoin value is taking up this charge and value beginning to move up and moving towards 3000$. I don't think next 6 months we won't find any dump in the price chart. You can invest now and buy it as much you can to see the profit in future.

If you read back how people were panicking over the 1st of August, they all were expecting the price to start tanking big time ~ it shows that people greatly exaggerate the situation, as always.

On the other hand, panic selling allows people to enter the market at lower levels, so from there we shouldn't be complaining about the volatility that we have been experiencing lately.

Fact is that people worrying about the price don't know what they are doing, and don't understand that in the long term due to the demand, the price will only increase. This market counts too many short term noobs.

After those bad predictions that said that on August 1 there will be total lawlessness, I no longer believe anything, because to date, bitcoins, if even dropped, it is very small percentage. Only 1 or 2% of the fall. This is very small And today it is starting to rise again.

When I said "before the fork", I did not mean the peak price, I was referring to the price like last night or something.

I am reposting this from a thread which I just started to try to answer some of the questions people raised in this thread (notice that this is just from an average Joe's opinion):

It looks like BCH is here to stay.  For now, it seems that the combined value of both BTC and BCH is, consistently, around $3000.  When BTC goes up by $50, BCH goes down by $50 and vice versa.  Not sure how long this relationship will last.  I do not mind for my exchange to sell off BCH now in exchange for more BTCs.

They said that Bitmain and Roger Ver were going to sell off their bitcoins and put the money into BCH after the fork and they are probably doing it right now.  That is why the price of BCH is sustaining at this moment.  Once they run out of the capital from selling bitcoins, the price of BCH will probably drop.