Bitcoin Forum

Hey guys,

So thinking about it. It seems like the reason BItcoin is rising so fast is because everyone is putting there money in because of the upcoming "Bitcoin Gold" fork. (That is my opinion not a fact)

So do you think after the fork on the 25th it will start to decrease back to where it usually is let's say around 4K.

Anyone else been thinking this?

I bellieve so. A dip it's most certain to happen after 25th Oct.

Yes i think so, the recent high price of bitcoin is because of the upcoming hard fork. Many people are buying bitcoin today to receive the same exact amount of Bitcoin Gold. After fork for sure they will sell bitcoins together with the bitcoin gold they get. Easy money!

I mean, it can definitely go back down, but the drop wouldn't be too dramatic. A price dip would probably best describe it. Probably like $5600 down to something like $4800 or something along those lines. That's like $500-800 down in price, but I think if it were to go down, I'd expect it to go back to a bull run in no time, as I think were not going to see any FUD for a while.

Still hoping for 5 digits price on this December. *fingers crossed*

But what if instead, people sold the bitcoin gold to buy more bitcoin though?  :P

yes, you are mostly correct. Currently many just buy it for the gold. after 25 many will just sell it and we will see the drop for sure.

It's depend though, if the result of the fork is become bad, the price of bitcoin will drop back down for sure but if the result is good and nothing happened the price will stable on the current price or even increase again up to $6k-$7k. Normally the price will go down but it will go up again,

There will be a price dip for sure after the fork has ended because there will be surely people who will sell the forked coin or convert it for bitcoin. But surely the price will increase once again after the price decrease becayse there will be a lot of people who will e stocking on their bitcoin.

Hoping it will dip at least a little bit to invest a bit more on BTC.
Sorry for the silly question, but how do you get Bitcoin gold? Thanks!

i wont be suprised if it pushes onwards it seems to just eat into altcoins marketshare and become more dominant again.
10k in near future who knows ?   a year ago even a 1000 dollar was a insane thought.

Thanks for all the replies guys. Just wanting to know if I had he right idea about all this but glad people agreeing with me. Guess we will find out soon how high it will go and how low it will drop

Not expecting a major dump after the bitcoin gold fork but yes, after the segwit2x fork I am expecting the prices to fall back to around 4.5k. Even if we don't take the forks into consideration, the price will still fall because I don't think the market cap can Handel this much of price just yet.

Well, correction in most cases happen especially when Bitcoin and crypto currency move so for at some point but the expected decline or correction might not be that much. On the issue of the recent increase in the value of Bitcoin which could be attributed to the forthcoming fork which so many people believe that they will get free Bitcoin Gold just the way I earned free Bitcoin Cash after I left my Bitcoin with poloniex exchange during the period of August fork and my Bitcoin was doubled.

i think the price will be down when the fork happen but no one will know know how much the drop. but i don't think that the price drop is until 4k because its too far although its possible to be happen. if we have reach $56xx now, i think the price down is at somewhere $4500-$5000 and its too deep if its happen. but i don't want to see the price to go down too deep for that price and i think the situations is like when the bcc is release in few months ago.

Whether it's stocks, shares or some other form of investment, the value getting lowered and getting pumped in between is quite a common fact. Same is with bitcoin, here fluctuations we're very common and the same has the potential to retain back in value within certain time period which we cannot expect with the other forms of investment. This makes bitcoin to be the best.

of course it will!
you can't really expect price to always rise, certainly not after a fast and big rise like the recent one. after each rise, at the very least there will be a correction which means price will drop back down a little. sometimes that little turns into a bigger dip, sometimes it is accompanied by other stuff (such as the China ban FUD) that causes a deeper dip!

don't forget we still have the SegWit2x headaches coming on. and that can disturb the market a lot.

there are some facts to it too. obviously there are always people who are going to buy because of the "free money" they are going to get. and bitcoin gold fork is a bullshit fork anyways. so it is obvious that it will be 100% free money without disturbance.

depending on how this ongoing rally goes, we can see the $4xxx prices again. but it may require some drama though.

Any possibility can indeed happen with bitcoin. The rising bitcoin prices are very high nowadays making the price fluctuations higher. It could be the price of bitcoin down to 4K $ and panic occurs. The thing to note is that we must have the power when the bitcoin price decreases. That is the reason why bitcoin prices can survive strong enough to now.

I do not know, for now the bitcoin price is too high, and go up very quickly, there is a possibility if the price will drop slightly. but, if it really happened, maybe it would be a good time to buy, because bitcoin prices might go back up at a higher price again.

That is normal to bitcoin and it will tend to go down anytime but I think were gonna have a big dip when we go near the 25 of October when the Hard Fork occur, but I think we can see some resistance involving bitcoin going to the $6000 mark value, and I wish we can just stay in the $5000 value but there's a possibility that we can still the $4000 when the dip occur, expect everything that could happen to bitcoin.

it will decline within a few days after 25 oct but only a few days will increase again because the rising one is bitcoin gold instead of bitcoin

Its possible bitcoin is known to have a fluctuating value it can goes up then after few months goes down but worry not because surely because of this pump many people will start investing in bitcoin and surely the demand will increase which make the value of bitcoin also appreciate and increase.

But is this the real reason? The bitcoin gold hard fork seems to be the most logical and easy answer but I think there's more. I don't deny that a lot of people have switched back to bitcoin for the new hard fork, that certainly has been a factor, but we knew that was going to happen (it's not new). So my question is, why did we get through 2 days ago?

yes i agree the price of bitcoin will drop down after the fork but with a little decrease only after a few days and i think it will continue to decrease a little but not so deep and then the price will rise again higher than its original price before its dropdown.

I almost agreed to what you have said because I thought your referring before the October 25th Bitcoin Gold fork not expecting it to be after because as what happened last August 1st Bitcoin cash fork after a day there is a bullish run. For a reason more investors will come and support bitcoin on that day.

Bitcoin is having a good growth and it's normal if you see some small drops that in the end are only tiny corrections.
Hopefully Bitcoin can keep this growth while we can slowly accumulate but better to keep both eyes on the price pattern since we are used to huge dumps every once in while. There is always a Jamie around the corner yelling fraud.

Dumping happens before the hard fork and started to pump after that. So I think. bitcoin may drop its value but it will eventually rise because it is where it is going. Probably the lowest value it will get in will range from $4500-$5000 mark. When that time comes, the best thing to do is store as much as we could. Declining might happen in just few days, that's why no one should miss the opportunity  to hold larger amount of bitcoin.

We can expect a correction as we get closer to the fork. In the last 24h we almost hit 6k, right now we're in the 5690$ zone, not saying it's already starting to drop but little by little we will see the price go down. By the 25th, it might even drop to 4k or even less and people will start to panic, that will be the time to buy. But I belive the price might recover in November.

You are wrong in here. This time the BTG fork is going completely opposite of BCH fork where price sharply declined before fork and sharply appreciated after fork. This time opposite is happening, people are extensively buying Bitcoin for free BTG which is increasing the price and Bitcoin might go a correction after fork when people would have claimed BTG as there always an extensive selling activity when Bitcoin touches ATH and thus a drop. Regarding the price drop limit you mentioned ($4500-$5000), I too believe the drop would be somewhere in this limit.

i think your right, people are buying more bitcoin now and save until the hard fork finish, just to get a free money which is Bitcoingold. but i think after the fork bitcoin will pump again and never gets back on its price own before like around $4k, it will pump much more after that hard fork, i think it will pump and reach $6k-7k before year end.

I think another correction will come and it may be after the hard fork. I have been think that the hard fork is the reason for the recent increase but I'm starting to wonder if that's really the case sine it's still a week and a half away. Why woul everyone be buying so soon if there is that much time until the fork.

Whatever the reason for it, usually after a big increase there is a correction of some kind. Maybe after $6000 is breached, there will be some kind of sell off and we will have another buying opportunity. I won't buy now with the price so high. I'm just holding for long term.

I am thinking that despite of its continuous increase on its market value, as the month of November is getting near, I am expecting for backdrops to take place since a hardfork will happen. But I am not expecting that its value will decrease after the hardfork especially if it will be a success. And its market value at this point is getting more expensive making it impossible for its price to decrease upto 4k as what you've mentioned.

Most of the people will sold their forked coin as soon as they got that. Then there is a chance of increasing the demand of bitcoin again, which might cause the price rise again. So in my opinion their is a less chance of price drop.

I think it will decrease the value after the hard fork just like the before. Same scenario as before but eventually price will recover or it will continue to rise though it will decrease little after the hard fork. Well, actually its hard to predict but Im watching closely the price.

So. after 25 oct on hard fork will bitcoin price go down or up ?

but i remember last hard fork was make bitcoin price up and high till now and i doubt to sell my all bitcoin for getting high price or maybe lower price.

Price corrections would really be expected on these kind of situations or events on where we do observe bitcoins price rise up too fast and as expected it would dip soon again on the price that it should be and when the people or investors tried out to cash out their coins.Its just like that and its not actually a surprising thing though that is why we should be attentive on when to sell out to secure profits.

dude! This has happened so many times already! Bitcoin has proven itself to be very volatile already after so many years. Of course the price is always bound to go down  and correct ifself after every rise. That is just how bitcoin works for now. But maybe in the future it will become more stabilized but i think we're still too far from that. So better now think about it to much. And instead think of when you should buy and sell.

People here are saying most probable to see BTC price going down after fork.

I think they are right. Last Hard Fork was very profitable as we had our coins doubled, it was possible to make more than 50% profit over our Bitcoins just by selling the Bitcoins Cash, profit overnight, instantly. Now investor's eyes grew upon the new fork and they may be investing hard on it, with high chances to cashout right after the fork, bringing a correction.

Bitcoin is always fluctuates daily and yes it has proven many times that until today it become stronger. And many have been believe on bitcoin that in this upcoming hard fork possible price may decrease little and it ofcourse it will continue to increase. I see a good future in bitcoin and we can benefited of it.

There's a big chance to happen. It will always follow a sinusoidal trend . The up and down cycle and that's the normal thing in bitcoin even with statistics. But despite the ups and downs I would say it would still follow an upward trend. It will continue to rise as the years go by. More and more people will dig and find bitcoin in the future.

I also think that the upward trend will continue happening even after the hard fork happens like last time there was a huge rally in the price. Only it can come down if there is a negative news with some country regarding ICO or other cypto currencies so it can lead to dip in the market.