Bitcoin Forum

Is there any effect on Altcoin price after 1st Aug becuase of Segwit2x?

There should be any kind of effect on altcoin price after or before august 1. There might be a slight to massive increase on some altcoins because many might want to consider hedging on altcoins, particularly top coins who are not moving a lot or those with a lot of potential to grow more. There might also be a little decrease on some altcoins after that, because people might consider restocking bitcoin back again after the implementation of changes.

Bitcoin being the mother of all cryptos will surely affect the price of other alts.
But this is also a great chance for alts to stand out from the bitcoin shadow.

Gambling sites which only uses bitcoins are and will be nearly closed around Aug 1 while the alt gambling will flourish.

Yeah. Strong floor altcoins will stand out from the crowd and start flying.

Can not be ascertained. Currently all movements are very unpredictable. Since the beginning of January 2017 BTC continues to increase, and altcoin always follow it. If BTC rises, Altcoin also rises and vice versa. Very much awaited how the game after segwit.

get some DCR...  ::)

Solid project, Could have prevent the BTC fiasco....

Maximum 21million DCR (like BTC) and there is only 100k DCR available on polo.....  

Make an educated guess now.

It indirectly affects Altcoins too. By having Bitcoin's price decrease, you also get a higher % of decrease in Altcoins due to the high correlation and low differsification they have.
Thus, when Bitcoin drops, most other coins drop too, but not in the same percentage as BTC does.

Theres no certain but I think somehow it has an effect on the altcoin price. With the movement of the price which increase and decrease so theres a fluctuatuon happen always. If bitcoin price increase altcoins price increase also.

If BCC succeeds in gaining traction - it'll pull the alternative coin market down significantly, otherwise not much to worry about :)

Based on my understanding bitcoin price drops there should be a fall in altcoin also may be if bitcoin is not tradable for a week then there is no much transaction on altcoin so there is chances of falling altcoin price also.

Considering the scenario where bitcoin holders will convert to altcoins then it can cause altcoins to raise its value. Some altcoins might go down when BTC price will go down too since some are correlated to bitcoins.

Depending on how many people hold an altcoin bag at least they should think of the value of altcoin itself if the bitcoin price falls or vice versa, I think it could happen

Segwit effects on bitcoin price. And bitcoin price effects on all altcoins.
So it is hard to say that segwit will not effect on altcoins. That is why bearish trend is ongoing for all altcoins.

If bitcoin rises well above $3000 mark, people might start selling their alts to jump on the train.. that's the scenario I'm hoping for, to get some cheap alts that is :)

I think for most big alts like ETH, XMR, ZCASH,.. the pricerate in BTC will go up again after august 1st.
People are trying to accumelate BTC right now to get as much BCC as possible if the split happens, so they are trying to move from alts to btc now, which is driving alt values down.

Or am I looking at it wrong?

I`m thinking you`re right. When the value of BTC splits, the value of alts compared to BTC will increase.

BTC goes up alts go up
BTC goes down alts go down

This will more likely affect the price of bitcoin and provide a return to the previous levels. Altcoins are unlikely to have the same growth.

People talking about top 10 coins , but this might be mistaken, those in between under 100 and 10 on the list are maybe even better opportunities, and should be our main place for investments. BTC SegWIt had already major impact on alts in the second quarter of this year, what do you need more?

There would be some effect on altcoin price after august 1 because of segwit2x, particularly we will see another bloodbath or many altcoins dumping at once after the implementation of changes and I don't think that it will be a good idea to even hedge in altcoins by that time. There will be some unaffected coins by the upcoming fork but the question is what particular coin will it be? The best shot to figure it out is to avoid investing onto top 10 coins, they will probably follow the same track to where btc is heading after the said date.

Segwit impacts on Bitcoin cost. Furthermore, Bitcoin value consequences for all altcoins.So it is difficult to state that Segwit won't impact on altcoins. That is the reason the bearish pattern is continuous for all altcoins.It's an ideal opportunity to by altcoins pick the best coin and hold them

So, can i ask you about what is the relationship for the segwit of bitcoin with altcoin? The successful of segwit activation just bring those back to the crypto, i mean for those are cashing out their asset into the fiat.
Segwit bring the more users for bitcoin to used it as the base crypto to trade.

There will be some that fall, some that will rise above expectations! truth is, there is lots of hot money that is yet to enter the crypto space..

If SegWit successfully, Bitcoin can fix the problem about blockchain system and transaction. So, will attractive many user on the world's interesting Bitcoin. And then when they know Bitcoin, they will find the way earning profit with this amount, not only holding and wait the price increasing.
=> Trade altcoin is best place and the price of Altcoin will increasing fast when have a huge order buy altcoin when market recovery.

There would be an effect depending on the standing or situation of bitcoin. If bitcoin would decrease its price then people might withdrawn their altcoin to convert it on bitcoin since the price is cheap and this thing would really happen because people see that this is an opportunity on buying cheaper coins which they know that bitcoin will eventually rise up later on. If bitcoins would tend to rise up going to the moon then the same story people will switch to bitcoin to join up the ride.

So do you also think that 1st of august will the market cap rise?

If yes what is the percentage you anticipate in the coming future.

It depends on the result of the split. Once the majority of bitcoin investors stick on original bitcoin. Then the market of Altcoin will be soon to the moon and I'm certain with that.

is there some kind of "price stabilization" going on...

btc/$, eth/$, ltc/$, iota/$, etc/$ and so on pretty flat last 24 hours

 ???

In current, we can sure in August not have split chain network Bitcoin. Because BIP141 in today reach high 99% and will lock-in soon. So, just have UASF and issue about split to other Bitcoin not is reason make the price of crypto on market in next time down.

Of course, we can see that bitcoin is affecting the entire market, the value of altcoin is proportional to the value of bitcoin, even altcoin is affected more heavily than bitcoin. I bet that altcoin will cut heavily when bitcoin is split.

Segwit2x Will cause division of bitcoin and crash bitcoin to 1800  at least; And this means the fall of Altcoin

Because the price of most Altcoin . Has a direct relationship with bitcoin price

Is this a serious question?

If so then no - there's no effect on alts, but a funny occurrence may happen if BCC accelerates in price similar to ETC. But since everyone's got this knowledge its probably a booster for alts rather than a downer :o

A bunch of uninformed idiots in this thread :-) Don't make your trading decisions based on these posts. Watch the markets closely. Many altcoins are down at the moment because of uncertainty, which is also a great time to buy for others. Either way it goes - never sell in a loss. Wait another week. There's always a healing process.

It is evident that alts are tied with BTC but stories about SegWith and fork are now more than boring because everything just went fine this process started well and now we can say it will be successful. https://blockchain.info/charts/bip-9-segwit
Price manipulations, pumps and dumps are regular here, so relax and try to use this in yours favor.

On the contrary, I observed that all the alts went down when Bitcoin went down. I was also thinking the same way at first. I presumed that if BTC will be turning red, the alts will be turning green because they will divest their BTC to alts. But I was wrong because when BTC was going down, the rest of the alts we also going though red tide. And when BTC recovered, the alts also followed.

Once we see BTC moon we will see alts moon too