Alt Coin Crash This Weekend?(July 28-July 31)

[hughson]

I'm I wrong to expect most Alt Coin to crash this weekend?

Why wouldn't traders move out of most Alt coins and move into Bitcoin? Especially on exchanges like bittrex that will give you 1:1 Bitcoin Cash.

Won't most traders try and pick up these free coins? currently futures of Bitcoin Cash(BCC) are @ $200?
https://coinmarketcap.com/currencies/bitcoin-cash/

The only reason I can think of is the uncertainty. If  Bitcoin Cash(BCC) can get close to 50% of the hashrate it would create uncertain to which coin would be the official Bitcoin.But this uncertainty should produce a Bitcoin to dip and I have never seen a big bitcoin dip without taking the majority of alt coins down with it. . and If this battle for bitcoin happens don't you want to be holding both coins to hedge your bets.

Is there any real threat that both coins(BTC and BCC) are worthless after fork?

So either you think bitcoin and alt coin will crash(because of the uncertainty) and therefore you should be in fiat before August 1st

or

You want as much Bitcoin Cash as possible.

Seems to me the Alt Coins will lose out either way this weekend + monday.

[1714728192]

1714728192

[whisperit]

I wouldn't mind some crash - it can be a great opportunity to multiply your altcoins and sell them later once all the drama is over.

[hughson]

I'm not worried...just trying to figure out the best play over the next 4 days.

[pawanjain]

I dont think altcoin will crash during the fork period. Altcoins crashes when people sell their altcoins. After the fork there are chances that bitcoin's price will go down for sometime and during that people will actually buy altcoins than dumping them. So the probability is altcoin's price will increase. So the best time to buy altcoins is before the fork. Buying altcoins before the fork will atleast give the assurance of no loss as it will rise up at some point of time. Why should we risk our precious bitcoin for free BCC coin. We will atleast have the option to buy the leading bitcoin after the fork if we have altcoin.

[hughson]

. Why should we risk our precious bitcoin for free BCC coin. We will atleast have the option to buy the leading bitcoin after the fork if we have altcoin.

I guess you meant to say Why should we risk our precious Alt coins. or are bitcoins @ risk during this fork?

and the answer I would give to why risk it is I can buy more of my fav Alt coin with bitcoin cash. Lets say BTC Price 2700 and the free BCC  ends of at 300. my gains end up around 11%. My fav alt coins would have to go up higher than 11% for me to lose out.

[CryptoBoomers]

Nope. I don't think we'll see a crash. I think we'll see a non-event followed by a rush for both alts and btc.

[hammo]

bitcoin is father of altcoins. if bitcoin crash, altcoins will crash too.
looks like this weekend those will up with bitcoin.

[hughson]

bitcoin is father of altcoins. if bitcoin crash, altcoins will crash too.
looks like this weekend those will up with bitcoin.

I can see a weekend with a crazy spike in BTC and alt coin go up as well but not as much. but the move than is still the same.

[bitcub]

I have a plan for this. I will not sell my altcoin I just HOld. I moved my remaining Bitcoins to Bittrex. Wait for August 1. After the Split I will sell my free BCC. If BTC is about to dump I'll just sell it to USDT. And rebuy the BTC in the dip.

[L]

I'm counting on that also, I'm not going after BCC, it will crash hard, gonna shop a lot of cheap alts during the weekend, I believe this will be a much better bet than going after BCC.

[Inkdatar]

I have a plan for this. I will not sell my altcoin I just HOld. I moved my remaining Bitcoins to Bittrex. Wait for August 1. After the Split I will sell my free BCC. If BTC is about to dump I'll just sell it to USDT. And rebuy the BTC in the dip.

Im just holding my altcoin until this aug1, after that I will decide what may happen next. Thats nice moving bitcoins to bittrex for the bcc, but my plan will stay save my altcoins in the exchange. I can see and hoping that after this event price may rose again so we can have atleast profit.

[dimonstration]

I have a plan for this. I will not sell my altcoin I just HOld. I moved my remaining Bitcoins to Bittrex. Wait for August 1. After the Split I will sell my free BCC. If BTC is about to dump I'll just sell it to USDT. And rebuy the BTC in the dip.

Im just holding my altcoin until this aug1, after that I will decide what may happen next. Thats nice moving bitcoins to bittrex for the bcc, but my plan will stay save my altcoins in the exchange. I can see and hoping that after this event price may rose again so we can have atleast profit.

It is much better to hold it for now thats was a great decision to hold it me too ive hold my altcoins for now and wait what would happen after aug. 1 as of now some altcoin are dump because bitcoin get dump to so i would rather to monitor for what will happen.

[findingthemoon]

If bitcoin crashes then that could be good for altcoins as people will be looking for a new crypto to invest into. $200 isn't enough to warrant a switch to bitcoin in my opinion because that is even less than the normal daily volatility we have been seeing lately.

Bitcoin cash will fail because a majority of people see it as a free airdrop and will just dump their coins, no one will mine a coin with little value so hashing power will follow to preserve profitability, ie if its worth 10% of the price of bitcoin it will receive about 10% of bitcoins hash power.

[someonesomeone]

I think that people will be selling off alts to buy BTC to get free BCC and that could mean lots of red numbers in the alt market. We will see how things turn out though. I expect BCC to die a slow death and both BTC and all alts become stronger then ever.

[micle222]

I'm I wrong to expect most Alt Coin to crash this weekend?

Why wouldn't traders move out of most Alt coins and move into Bitcoin? Especially on exchanges like bittrex that will give you 1:1 Bitcoin Cash.

Won't most traders try and pick up these free coins? currently futures of Bitcoin Cash(BCC) are @ $200?
https://coinmarketcap.com/currencies/bitcoin-cash/

The only reason I can think of is the uncertainty. If  Bitcoin Cash(BCC) can get close to 50% of the hashrate it would create uncertain to which coin would be the official Bitcoin.But this uncertainty should produce a Bitcoin to dip and I have never seen a big bitcoin dip without taking the majority of alt coins down with it. . and If this battle for bitcoin happens don't you want to be holding both coins to hedge your bets.

Is there any real threat that both coins(BTC and BCC) are worthless after fork?

So either you think bitcoin and alt coin will crash(because of the uncertainty) and therefore you should be in fiat before August 1st

or

You want as much Bitcoin Cash as possible.

Seems to me the Alt Coins will lose out either way this weekend + monday.

True, people are now hunting BCC by selling some even the entire altcoin they have. Thus causing most of the altcoin prices to fall.
About bitcoin: I think bitcoin will have a nice future
About BCC: after money laundering case with $ 2 billion. I did not know that BCC would be valuable or a waste in the future.

[Fatunad]

I'm I wrong to expect most Alt Coin to crash this weekend?

Why wouldn't traders move out of most Alt coins and move into Bitcoin? Especially on exchanges like bittrex that will give you 1:1 Bitcoin Cash.

Won't most traders try and pick up these free coins? currently futures of Bitcoin Cash(BCC) are @ $200?
https://coinmarketcap.com/currencies/bitcoin-cash/

The only reason I can think of is the uncertainty. If  Bitcoin Cash(BCC) can get close to 50% of the hashrate it would create uncertain to which coin would be the official Bitcoin.But this uncertainty should produce a Bitcoin to dip and I have never seen a big bitcoin dip without taking the majority of alt coins down with it. . and If this battle for bitcoin happens don't you want to be holding both coins to hedge your bets.

Is there any real threat that both coins(BTC and BCC) are worthless after fork?

So either you think bitcoin and alt coin will crash(because of the uncertainty) and therefore you should be in fiat before August 1st

or

You want as much Bitcoin Cash as possible.

Seems to me the Alt Coins will lose out either way this weekend + monday.

True, people are now hunting BCC by selling some even the entire altcoin they have. Thus causing most of the altcoin prices to fall.
About bitcoin: I think bitcoin will have a nice future
About BCC: after money laundering case with $ 2 billion. I did not know that BCC would be valuable or a waste in the future.

How can you able to say such thing? BCC isnt still there yet and we cant still see the actions of people regarding on buying BCC and sacrificing all of their alts but this thing is really possible though since there are people would really believe on the potential of BCC which they would definitely think that it would really increase its price later on but i dont really like to see bitcoin is splitted.

[sexcoyote]

it will be back to normal after 1 august.
the time everybody back to the bitcoin because everybody want to take their bitcoincash reward. after 1 august they will go to the moon.

[LeGaulois]

But if you check Coinmarketcap currently, it's Friday so let say the week started, we can see that the majority of altcoins are losing value and the only one in good shape in Bitcoin (with +8% in 24h) Following the logic of most of the people, others altcoins are supposed to be also in good shape. I can't say that there is a real threat that both coins are going to be worthless after fork. But a lot of altcoins will continue to crash during the next 2 days. I am going to fiat before it happens, will buy at a low price and wait until everything is  "OK"

[omonuyak]

The panic about what will happen this august 1 is currently affecting others coins. To me the reality is that nothing significant will happen and btc has taken the majority of market share even if the hardfork lead to split of bitcoin network! One thing is fundamental here and that is btc is used to fight and conquer it's enemies.

[wantjokull]

Oh man do you really think that 1:1 idea of distribution is really good in terms of profitability? What do you know about the price of BCC or BTC when the hard fork hits and goes away with the storm. The price will fluctuate like badly leading to unequaled market cap and who knows due to tremendously supportive fan base BTC will just jump into the market with double the price of current bitcoin. So it's better to stay out of such conversions and keep your BTC's safe and sound into private key backed up wallet. :-)