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

[hughson]

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. :-)

My most profitable trading decisions in the past have all come from forks. Specifically buying into the coin pre fork.  In this case it would be bitcoin. That is what I know. And since I haven't a reason that it won't be the most profitable decision once again I'll be doing the same.

The only hard decision is... do you sell your bitcoin cash immediately after snapshot or hold?

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[CryptoBoomers]

...One thing is fundamental here and that is btc is used to fight and conquer it's enemies.

lol it does kinda feel like right now BTC is giving the rest of the crypto/alt world the big middle finger

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[noictib]

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.

May be you need to analyse more about the market , because every people in this field have own different thinking , there understanding also vary from person to person .
A part of the crowd of the bitcoiners are looking to make money in altcoins , because it is good time to make trading and buy altcoin because big big coin currently are down in the market .So they don't want to leave bitcoin .
And another part of this crowd are thinking that they can make big earnings with the hold of btc because they are thinking that they will get additional money after the fork in form of bitcoin cash BCC .
And also here exists a part of crowd that have totally dear with virtual currency , and transferring all the bitcoin and coin into fiat and leaves the bitcoin until everything get perfectly complete .
So currently it is not possible that everyone get out from the altcoin and enter in btc .

[Trela]

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. :-)

My most profitable trading decisions in the past have all come from forks. Specifically buying into the coin pre fork.  In this case it would be bitcoin. That is what I know. And since I haven't a reason that it won't be the most profitable decision once again I'll be doing the same.

The only hard decision is... do you sell your bitcoin cash immediately after snapshot or hold?

In my opinion, I choose Altcoin for the situation in current, I saw most trader sell their altcoin and going to BTC just want receive BCC. But remember the value of BCC after August 1st is unknown and we can't sure it still $400 after that time, maybe 1$ per BCC is possible

[xuan87]

I think the market will crash, people will either focus on BCC and Bitcoin or will stop trading until the situation get better, and even before the forking, alt coin already crashing this is because the traders hesitate to take a move in this chaotic situation and it is a risky times to make a move

[ubercool]

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.

lets just hope that nothing extreme will happen to bitcoins.some people have horde lots of them i think..hahaha

I dont think anything will happen to altcoin rates because of Bitcoin upgrade. People are more worried about their Bitcoin rather than claiming for Bitcoin cash. Those who want to grab the free money have already taken out their Bitcoins to wallets.

[hughson]

A good portion of the replies seem to be coming from people who mainly just have Bitcoins to think about.
Maybe I should have started this thread in the Alt coin thread under speculation.

[Lionidas]

I always thought this bitcoin cash was nothing more than just a cash grab at a volatile time in bitcoin's cycle waiting for the impending hard fork which was bound to happen anyways.
They just figured a way to trick people into buying into yet another alt coin.

That is why they are called alternative coins in the first place.
They are just an outshoot of the successful predecessor. 

[Considered]

There will be a massive altcoin crash this weekend IMO, some traders will sell their coins for BTC while its value is very volatile at that time, that is the time to make trades.

[hughson]

I always thought this bitcoin cash was nothing more than just a cash grab at a volatile time in bitcoin's cycle waiting for the impending hard fork which was bound to happen anyways.
They just figured a way to trick people into buying into yet another alt coin.

That is why they are called alternative coins in the first place.
They are just an outshoot of the successful predecessor.  

I'm quite skeptical about anything with he word alternative in front of it like alternative medicine, alternative news, alternative facts.


I do like alternative music and my alternative coins though.

[layoutph]

I believe there will be a huge dump from all altcoins. Actually its happening now. Just take a look at the price of alts.

Personally I transferred all my BTC to Bittrex to get BCC. But to dump my alt investments in DCR , STEEM, ETC, SC, ETH, LTC to buy bitcoin just to get BCC is another story. I am HODL to all my alts.

If theres an alt to be dump, thats BCC. The coin with no use. The centralized crypto based from china.

[hughson]

I believe there will be a huge dump from all altcoins. Actually its happening now. Just take a look at the price of alts.

Personally I transferred all my BTC to Bittrex to get BCC. But to dump my alt investments in DCR , STEEM, ETC, SC, ETH, LTC to buy bitcoin just to get BCC is another story. I am HODL to all my alts.

If theres an alt to be dump, thats BCC. The coin with no use. The centralized crypto based from china.

You should not transfer Bitcoins to bittrex. bittrex will not be trading BCC at launch and your bcc wallet on bittrex will be locked and if you are right your BCC will  be worth a fraction of what it will be at launch by the time bittrex lets you have access to your BCC.

[Strongkored]

The Altcoin price crash this weekend because the BCC drama, but I do not think to sell it just to get BCC from BTC I have, I'm just thinking how if BCC price below the forecast and after 1st August  Bitcoin price down to $2000, there is will be next panic to selling.

[hughson]

I'm not just thinking about getting BCC. I'm mainly trying to avoid the dip and aquire the max amount of my fav Alt coins.

[lecongnhan123]

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.

I am not afraid so much because it's our chance to multiple our coins and i here prices will surely go up after the 1st August so that it's a good chance to make investments now.

[GoodLuck2]

A good portion of the replies seem to be coming from people who mainly just have Bitcoins to think about.
Maybe I should have started this thread in the Alt coin thread under speculation.

Indeed! I have the same opinion about the prices of altcoins. Altcoins are going to follow the path of bitcoins and maximum chances are that bitcoins will touch sky after the execution of Segwit. I don’t think so bitcoin holders should get worried about their coins. They just need to exhibit little patience.

[Dudeperfect]

Yes, there is a possibility of alt-coin crash within a week but I think the biggest one will be Bitcoin cash because there are the Bitcoin holders who are not supporting Bitcoin cash but still they are willing to en-cash the opportunity and  hence they will dump their Bitcoin cash as soon as the network is getting back to the normal so I am expecting a surge in the price of original Bitcoin and little bit crash in alt-coins including Bitcoin cash.

[mharz]

The Altcoin price crash this weekend because the BCC drama, but I do not think to sell it just to get BCC from BTC I have, I'm just thinking how if BCC price below the forecast and after 1st August  Bitcoin price down to $2000, there is will be next panic to selling.

I don't like BCC, because if the BCC will release in the market there's a lot of altcoins will be affected. Also, there's a possibility that bitcoin value is fall down together with the other altcoins. So I think it's time to sell my all coins to avoid lost on my part.

[roadbits]

The Altcoin price crash this weekend because the BCC drama, but I do not think to sell it just to get BCC from BTC I have, I'm just thinking how if BCC price below the forecast and after 1st August  Bitcoin price down to $2000, there is will be next panic to selling.

I don't like BCC, because if the BCC will release in the market there's a lot of altcoins will be affected. Also, there's a possibility that bitcoin value is fall down together with the other altcoins. So I think it's time to sell my all coins to avoid lost on my part.

BCC is already in the market you can find here https://coinmarketcap.com/currencies/bitcoin-cash/ and check almost all altcoins price is increased today. All coins change rate in green. So this weekend maybe the price of all altcoins will cross our imagination. Don't shift your altcoins to Bitcoin let it be there you will get a good rate at this weekend.   

[ubitcoin]

The Altcoin price crash this weekend because the BCC drama, but I do not think to sell it just to get BCC from BTC I have, I'm just thinking how if BCC price below the forecast and after 1st August  Bitcoin price down to $2000, there is will be next panic to selling.

I don't like BCC, because if the BCC will release in the market there's a lot of altcoins will be affected. Also, there's a possibility that bitcoin value is fall down together with the other altcoins. So I think it's time to sell my all coins to avoid lost on my part.

BCC is already in the market you can find here https://coinmarketcap.com/currencies/bitcoin-cash/ and check almost all altcoins price is increased today. All coins change rate in green. So this weekend maybe the price of all altcoins will cross our imagination. Don't shift your altcoins to Bitcoin let it be there you will get a good rate at this weekend.  

BCC trading only has happened so far but actually digging of BCC yet to happen. We can see massive dumping on BCC to happen in coming days. All airdrop coins has faced such problems so far hence we can expect BCC to value similar to dogecoins in few hours.

I am expecting massive altcoin dumps in coming days as BTC just become stronger with segwit upgrade. This will be enough reason for traders to move off their funds away from altcoins.