Bitcoin Forum

Now we see all altcoins in blood. Why? Everybody sells their altcoins and buy BTC, because SegWit2x is coming. So, don't worry and just #hodl !

The first thing that was not applying to all of the altcoins, because you can still see there some altcoins which had green performance in this time, As we will meet the bitcoin fork in this fork and there is a rumour about the next bitcoin free airdrop just like bitcoin cash and that has had the name bitcoin gold. That gives the more interest to the altcoins users to increase its portfolio in the bitcoin form. and if they are still keeping their bitcoin in the wallet that supported the next fork of bitcoin and they will be receiving free bitcoin gold token.

Yes that's basically one of the reasons why most altcoins now are in blood and has been decreasing its price lately is because of the SegWit2x that's coming soon. So more people are likely converting their alrcoins because they are panicking then once they see Bitcoins price increasing thus converting them to their own local currency. But some are wise and buy some altcoins that are basically on sale price and invest them using the bitcoins they have left from exchanging altcoins to bitcoins.

It was the same with the previous bitcoin cash fork. Just before it, people were selling alts to hold BTC and get some free coins. Others may be panicking before the fork and selling all cryptos for fiat.

Not nice to see most of our altcoins in blood, but be patient they will rise again after btc next hardfork (0ct 25). And they will rise huge😀. Now is the time to buy more of your favourite ones right now😉

This is the same as last fork in Aug 1. Everyone starts dumping alts until the deadline, then after the fork everyone dumps BTC and buys alts. Rinse, wash repeat. Someone wake me up after block 494784.

Converting Altcoins to BTC, Get BitcoinGold

Bitcoin has been raising in value which is one of the main reasons

I would say there are still some other factor but yeah, the BitcoinGold fork indeed is the main reasons there

I don't understand why you'd want those coins, especially cause i've not read much of the exchanges who support it.

You dont understand? Seems like you arent aware on the previous fork on which Bitcoincash came out. People would normally buy more bitcoin because if theres a fork you would able to gain 1:1 ratio on the new coin and just like we do see on BCH it did gain price on exchanges which give another free money on those people who have lots of bitcoin and claim those free BCH. This upcoming fork would work on the same way.

Expecting to see more blood till the fork. I am holding.  8)

I am rather doing opposite. This is the best time to invest in altcoins that have huge future potential. I never sell my coins for loss and use these dips for buying more. Bitcoin is moving towards $5k. This bloodshed was expected. But in matter of days to weeks, altcoin market will recover and trust me investing right now gonna yeild huge profits in future.

Sigh, should have written it differently. It's just BTCGold is not in the same League as BCH. The Big Exchanges still have nothing said about what they'll do.
Not much talk about it, meh. I don't need a worse BCH.
Better buy the low altcoins again, gave me more at the last fork.

November will be more interesting

Every coin which going down will back to primary state or maybe higher. So buying altcoin now is good investment on future.

Where are always some changes in different cryptos that's why many of coins decrease because of people fear to lose everything. Cryptomarket is thin now.

I see, so it would be wiser if I buy some altcoins before October 25 before another fork. Would it be better if I save btc from alts or vice versa for the free btc gold if ever?

maybe . bitcoin will crash

Oh yeah it will go back to 2k

Do not move and hold your coins. You will make more profit in the long term. If you don't know exactly what you are doing, do not do it.

The Bitcoin drama is soaking up all the attention but the spotlight will swing back to the Alts after Bitcoin forks calm down.

There are more than 2 weeks left till fork...panic started so early.

Agreed, when you have two upcoming forks it causes uncertainty in the market and can cause for some bloody days. Should have seen this coming though as the fork in August basically had the same thing happen leading

up to it. After the storm is over come November I expect alts to rebound with a decent vengeance.

Most of the alt coins are scam coins attempting to rob you of your money and Bitcoin, you should not call them alt coin when they are listed on one exchange or in some cases on 5 exchanges, first make a list of 50 top exchanges in the world and see which of the alt coins are listed in all 50, the results are world shocking. BTC Ł Ð Ξ ɱ the coins you should consider alt coins. Bitcoin will hit $5000 soon and will dump after the fork.

Not sure where in your ass you pulled this "top 50 exchanges" bs you speak of but you clearly don't have a clue what you are talking about. The top 5 exchanges trade more volume than all other exchanges put together, so being listed on 50, or 100 or whatever number you want to throw out there is completely irrelevant.  Its also funny that in your list of the 5 choices we should call "alt coins" you list bitcoin itself.  The only thing "world shocking" about the information you posted is how ignorant it is.

Put simply, people are selling their alts to buy into BTC before the fork to get their Bitcoin Gold.  Has nothing to do with alt coins being a scam.  The "alt coins" the guy above me listed are down just like everything else so ignore his lack of intelligence.

Thanks for explaining, i was also wondering this. Thinking of buying more now sinceI have a feeling that btc will crash. Good luck everyone

Yes, because most people are moving their altcoins money to Bitcoin, because they know that they will earn free bitcoin gold on November, that is why the market suffered a big increase in the price today (more than 6% in the last 24 hours) so probably alts will go down more until btc price reaches $5k again.
But they will recover soon.

Nice week coming up $$$ all my orders are set. Some did go off already at extreme cheap prices. Money making from now on!

Take a close look at this..

With the crash in september because of the fud from JP Morgan ("bitcoin is fraud") and China (ban exchanges and icos), i remember the crypto marketcap dropped from 165B to 110B in no time, being 47% of this amount in bitcoin.
Now we still have a marketcap of 152B, but with 50,2% of bitcoin dominance. Bitcoin and other few in green, while rets of the market with red candles sinking. So it seems obvious to think that not many people have sold and converted to fiat, just changed their assets from altcoins to bitcoin in order to receive some "free money" from the coming fork that will take place this month.
If you got money, it is a great time to buy in the bloody road, otherwise, you better HOLD and keep your portfolio untouched, because you really dont know when market will stop falling. So the situation is far away better than the one we had on last crisis month. The money didnt dissapear, it is still around and will return soon to the altcoins. Dont be stupid, panic and give your money to the day traders... better time will come in near future; just forget for a while.

(sorry for my rude english.. it is not my native language)

If u want to make money. It is the time now. Alts dropped to fast and will recover soon.

Altcoin probably will goes down untill bitcoin hard fork. People wont missing out a second chance of free money. They expected the hard fork will give you free money through bitcoingold. But in fact when you see most people want it the price will not sky rocket or not much free money.

The good thing about hard fork we will see some fresh money moving to crypto and it will make marketcap bigger.

Bitcoin price is still moving above..

i agree.
but remember what happened after the fork?
lots of pumping with the new free money.
i remember all kinds of stuff going up.

The upcoming SegWit2x might be one of the reasons why altcoins are in red color these days. But it is not the only reason. I guess, another reason why this is happening is that there is a particular trend at times that when Bitcoin is bullish, the altcoins will bear the negative effect. They will be on the receiving end of the line. But there is no need to worry about it.

Before 2x comes another Fork with Bitcoin Gold on 25th.

why is everyone these days are surprised to see the altcoin dumps! that is a perfectly normal thing to happen to altcoins. in fact it is pretty common that altcoins get dumped like this. all together and all big. that is why we call them pump and dumps anyways.

i see some people came up with a lot of "reasons" for it like the bitcoin fork and bitcoin price,... but it really isn't that. it is simply because these altcoins were all in big bubbles and now they are bursting and price is coming down to normal levels which are logical prices not unrealistic and manipulated high prices.

I will hold my altcoins and use my fiat to buy more bitcoin as history always repeat it self. Many people who buy bitcoin during the last August sigwit activation has the values of they coins double after the activation. Segwit2x activation is around the corner and buy bitcoin now is the right thing to do. I will also advise every one to hold they altcoins as during taking profits, coins is going to flow back to altcoins.

Two ways to earn now,buy bitcoin and wait for the fork or buy alt in the dip and sell later
Well with my small capital,i choose to invest in some alt rather than btc because i don't have the money to make enough profit