Bitcoin Forum

https://cointelegraph.com/news/bitcoin-price-lingers-below-6k-as-post-fork-altcoin-rally-expected


You agree?

Yes, I think so, logically much money flew out of altcoins in to bitcoin in anticipation of free BTC gold, it seems logical that a large chunk of it will flow back in to alt-coins after the fork happens and push the prices up. Of course there is the potential for people to continue to hold btc or to simply remove their money from cryptos.

I have to wonder, with another potential fork in mid-Nov. possibly creating a new coin, will some people opt to keep their holdings in bitcoin through that fork, as well.  It seems risky to move back to Alts if there will be another alt coin sell off leading to the SegWit2x fork. 

It does seem risky, but from what I can infer there isn't likely to be much of a split in decision so it's unlikely that there will be a new coin created. Even if there is, as we can see the alt-coin rally started today and great profit could already have been made.

I disagree. The market cap for crypto is now inflating and the bitcoin price now dumping. People are now turning back to the Alts right after they get their free BTG. I didn't support BTG and buy only cheap cryptos yesterday. I'm that this will give me more profit compared if I'm going wait for a free BTG.

A lot of people are taking off their Bitcoin to Bitcoin Gold and I'm sure they see this great sigh. Fork is very influential because there is attraction of the newly born coin. And this price decline will not last long, until Bitcoin gold has reached the highest price for the next few months.

I think that as we approach the next fork, people will realize that their is money money to be made by selling BTC before the fork and buying into alt coins then getting some useless forked coins.

The rally was mainly due to the promise of getting new coins for free. Now that it's done and most people realize BTG doesn't have much to offer, alts have pumped. However, I assume it won't be for long, as 2x is coming up soon.

I think that people seek to buy more bitcoin before fork to get free coins. I can't deny it. But I don't agree that they will return back to altcoins. This money on btc righ now is "smart money". It will only return back to good alternative coins.

Definetly agree, we're seeing it today a lot of volume going to several Alts, still a long way from previous levels but might  be the beginning of a recovery, still 2X fork might kill that positive trend

Looking back to what happened with bitcoin cash is certainly an indicator...and I believe that we're seeing it happening right now. How long it will last though, I've no idea. They're still nowhere near the levels of a few months ago, and BTC is still at the centre of conversation ahead of the November fork.

Well, I don't know if money is flowing into altcoins, but it's flowing out of Bitcoin.

Bitcoin has hit its highest price in 2017. I think it will fall and wait until 2018 to start the next bull run. In 2017 too much growth causes alts to lose too much. Need to adjust prices to balance the market and investors

I think just that part of the profits that will leave bitkoin after the fork and lower prices will raise the Altcoin, and those who have bought them at a low price will be in the winning position and will continue to develop an alternative to the leader.

rally will happen,
but right now i think it's not the time yet because the price was dropping due to 'network snapshot'.
some of them will secure their investment or already did that.
that is why we can see the downtrend,it's caused by trader who want to secure their investment in fiat.
they're afraid the value will drop significantly,
nothing more than that i guess

Flow back to alts is happening, albeit a but slower than I anticipated. Around Nov 1 will be interesting to see whether there will be a bigger flow into alts due to BTG being open for trading and fear due to upcoming segwit2x hf.

I think if you're thinking of investing in alts it's best to hedge your bets and don't go all in, better to cost average over the coming months. Good luck out there!