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Author Topic: BTC rally is premature - 4 days left  (Read 1073 times)
aeternus
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July 30, 2017, 08:07:36 PM
 #21

I think people are buying BTC in prep for the BCC airdrop too early.
With four days left, it is unlikely that we will get four big green days, especially considering how close we are to ATH.
This rally is premature, whales, shorters and smart money will realize that in the crypto world 4 days can cause a huge ripple and that there is plenty of time to enter for the free BCC (which will be worthless by then, but that's a different topic).
I expect a drop some time back to 2500 before Aug 1st for sure. You are actually far more likely to make money buying ETH, than you are trying to capitalize on the free (and worthless) coins.
This is NOT the same as ETH/ETC. BCC is basically an alt by a third party.
It does not seem the price of bitcoin is going to drop anymore before the hard fork that will create bcc, but I agree I do not know what are they thinking those that think they can make money with bcc, unless you have a bot that can sell all your holdings of that altcoin then the chances of wining money with bcc are very low.
bit1
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July 30, 2017, 08:51:48 PM
 #22

I think people are buying BTC in prep for the BCC airdrop too early.
With four days left, it is unlikely that we will get four big green days, especially considering how close we are to ATH.
This rally is premature, whales, shorters and smart money will realize that in the crypto world 4 days can cause a huge ripple and that there is plenty of time to enter for the free BCC (which will be worthless by then, but that's a different topic).
I expect a drop some time back to 2500 before Aug 1st for sure. You are actually far more likely to make money buying ETH, than you are trying to capitalize on the free (and worthless) coins.
This is NOT the same as ETH/ETC. BCC is basically an alt by a third party.
It does not seem the price of bitcoin is going to drop anymore before the hard fork that will create bcc, but I agree I do not know what are they thinking those that think they can make money with bcc, unless you have a bot that can sell all your holdings of that altcoin then the chances of wining money with bcc are very low.

Not necessarily this last, If you take as an example GBYTE, Although it is true that the supply is much less the price has remained high  even though many have sold theirs coins, There is a slight possibility that the price will not go down more than 0.1 BTC which is not bad at all finally.
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