Bitcoin Forum

Two alternate theories:

- BTC price will go up directly before the fork because everyone wants some free BCC.
- BTC price will go down directly before the fork because forks are kind of scary.

Which one do you think?  ???

Logically speaking, the first option is probably not going to happen. It's either going to be the price is going to stay where it is right now, or more likely in my opinion, the price is going to go down due to people panicking about the situation.

Why? Because you're actually not getting anything free from getting the BCC. Currently, the bitcoin price is already bitcoin core + bitcoin cash combined if you get what i'm saying. After the chain split, bitcoin + bcc is going to equal to 1 "whole" bitcoin. So if you don't claim your BCC, you're in a loss. If you do, you don't gain anything, you're just breaking even.

But as i said, people are emotional beings and they are definitely going to panic. I think that a $200 adjustment or perhaps even more could be possible tomorrow.

are the most people do the first option? I dont really understand. because as I know,  btc price will go up because the activation of segwit. Maybe like the ltc, after the segwit activation, the price is climb so high. So I think the btc price will do the same.

Neither. BTC price will be unimpressed by the fork and then go up afterwards because the skies didn't fall and the earth is still spinning. BCC will probably be more interesting to watch. Will people really rush to the exchanges to dump their BCC or will we see a pump? Will fresh fiat find its way into BCC because it's cheap or will it stick with BTC because its proven?

That's how I see it. Also, I think we'll see trading go to lower volume as the deadline approaches and people move their BTC out of online exchanges - I'd be surprised if the prices move very much. I do wonder, though, if there might be opportunity to do lending at high percentages as the BTC goes away (i.e. as liquidity is removed from the market).

I think after segwit BTC price will be rise.
No chance to down price.

Btc price will directly go down before so called fork because its not safe.
But everyone will accet its not huge deal and return.

You have a point here that bitcoin core and bitcoin cash value is now stable combined. But we need only one bitcoin and august 1 will be the judging day.

Lending rates on Poloniex already went crazy the last few days due to the low amount of available coins. Nonethless you probably don't want your BTC stuck in lending during the fork, lest you forfeit your BCC. And even with the currently increased lending rates withdrawing from Polo and claiming your BCC still appears to be the better deal, especially since your high yield lending position may get closed immediately after the fork, leading to you not getting the full lending profit.

There may be a slight decrease in price but nothing that says to me, wow this is the effect of the fork, the price is going to change but it is not going to be a big change to me, I expect another day as usual then after all of this FUD about the hard fork ends then bitcoin will go up.

the BCC likely ethereum's ETC？ or it just an altcoin , i  am confused.

but now is better to hold the bitcoin .

Just one small correction,BTC price would definitely go up before august 1,but not for the reason of getting free BCC.But mainly for the reason that no hard fork would occur and bitcoin price would skyrocket soon after august 1 so that it would be hard to buy bitcoins at cheap price.

I think bitcoin prices will increase before the fork, they do want BCC for free because everyone who has bitcoin will automatically get BCC.
Maybe we should be prepared to be ready when the BCC has been there and immediately sell it for a profit doubled.

I honestly think it's going to be a bit of a non event, I don't expect the price to be majorly aftected either way. The halvening didn't do much until months after & I expect this to be the same.

I do see your first point has some sense still due to lack of awareness people may not go for buying some bitcoins in this last date just before fork activation. If there will be some initiative in next 2 to 3 hours then we may see many people will go for buying bitcoins as it will be getting them some free money.

Your second point has been proven some weeks back itself. Price fell down up to $1850 but bounce back sharply right after that.

I think that in a few hours time we might see some sort of mini-dump going on just before trading platforms start disabling trading activity from happening as well as deposits and withdrawals that sort of stuff. That might drive the price down to less than $2600, but that's just my guess and it could be well off.

I don't think that btc price is going to go up from here. No reason for anyone to buy in right now when it is right before fork and the price is so high.


Well even with the BIP91 rendering it a non-event there is still the UAHF(bitcoin cash) meaning that it is an event... And i'm not sure why you're bringing up halving when the next halving is in 3 years, lmao.

Not when BCC is already declined from World's most famous exchange : Coinbase.Apart from that,no other specific exchanges are willing to accept BCC's or support it.

You don't know the definition of the forks.Forks are better for open source projects.Only people to freak out during the fork is technically challenged traders.

It will be just another altcoin when miners realize that people are not going to use this new coin then slowly the hash rate assigned to it will begin to move back to bitcoin and slowly but surely the bitcoin cash fork will begin to die, I do not think this fork is going to last for long.

Since the fork has completed. We see what has happened:

Two alternate theories:


Yes, this indeed happened because most people want to get BCH/BCC because its free coin. But it was quickly dumped. The price goes from a high $400 to $200 in a matter of hours.


The price has also go down, but it has minimal effect only. We can still see the price going strong at $2700++ which is quite surprising for most of us because we are really speculating that it will go down below $2000.

so far, the price is stable at $2900.
it seems that big whales do not care fork or not.

For now, the bitcoin price increased because the fork is done. Forks are better for open source projects from KenR.

Well, based on my observation it has only a bit effect because as you can see today, the price of bitcoin are still increasing which is a good news for all of us.

Actually, the price is hovering just above the $2700 level, but that's not really interesting. Interesting is the fact that no matter how much the 1st of August was being "hyped" up to be the doomsday by a huge load of people, it turned out to be the exact opposite - Bitcoin maintained its price extremely well. At the end of the day, people have gotten a nice bonus as well, that they can now or later convert into Bitcoin. In that regard, you can indeed conclude that the big boys didn't really care. Unlike most of the noobs here, large players actually know how things go in this market. I must however point out that traders were also incentivized to keep holding their coins, or even buy more on-exchange, due to BCC.

I speculate the price of bitcoin will hit easily 5000 USD after the success of yesterday fork but BCC has lots of eyes on that market with 6000 profit increase any possibility for that market to handshake bitcoin price or it just hyped now .

I expect bitcoin to uptrend soon to 3000$ after the success of yesterday's fork and even bcc has a good start. So we can see market is quickly recovering after the splitting

Both scenarios did not occur, The price has been relatively stable before and after the implementation of segwit, and we could be due a price rise as a result.

Yes it will hit easily 5000$ USD. Because as the market said today news that a lot of people have invested and bought bitcoins from miners then we can see that in the ending of August the price of bitcoin will reach to $3500 as the current statics seen. So I would like to say that yes it will hit above $5000 in the ending of the year because it is growing too fastly after 1 Aug.

Do you really think that we will see a rally this month itself,if so is there any imposing factor to point that out,for me the price was really stable after the crash which almost took the price below $2000 and after that these valuations gives hope that another rally will break the $3000 resistance,either way i am expecting a good rally at the end of this year.

I think after the Segwit activation, bitcoin price can rise to the $3k to $4k + level..