I've noticed something strange

[spartak_t]

Hey guys,

As the title says - I've noticed something strange. Some major currencies are losing short-term value (not only against EUR/USD/GBP/name_your_currency), but against Bitcoin as well. I believe we can expect two things:

1. Bitcoin will skyrocket.
2. Incoming dump.

Reading my thoughts this way looks hilarious, but "myself know what I mean". We've seen this before, but I'm pretty sure something is about to happen.

What are your thoughts?

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[grim66]

Which currencies are you referring to that are losing value against the dollar etc? From what I can see most are relatively stable after a slight recovery in the recent week, such as ether and XRP and LTC.

[spartak_t]

Which currencies are you referring to that are losing value against the dollar etc? From what I can see most are relatively stable after a slight recovery in the recent week, such as ether and XRP and LTC.

Relatively stable and this market are a completely different things...

[LoyceV]

I believe we can expect two things:

1. Bitcoin will skyrocket.
2. Incoming dump.

Basically you're saying it can go both ways, nothing new there

[spartak_t]

I believe we can expect two things:

1. Bitcoin will skyrocket.
2. Incoming dump.

Basically you're saying it can go both ways, nothing new there

You're right, but both ways means Bitcoin and altcoins. Looks like "investors" are packing up for a Bitcoin's uptrend, but there is another side of the story - TA and expectations are not always applied to cryptrocurrencies. Which means some craziness is about to happen, at least in my views.

[Martisor-Sobru]

Well, say straight.
What do you think is coming?

Edit: Now people are not afraid of the hard fork.
Are greedy. They want btc-gold & co.

Whales can not take them  BTC.
But after the fork people will sell. Why be the high price then? Be to the detriment of whales? It's not logical.

[spartak_t]

Well, say straight.
What do you think is coming?

I'm kinda confused, but would bet on a uptrend (on everything worthy).

[khufuking]

Well I will go with number 1 and to be honest I do not see anything strange here ! And the reason I am going with number one is because it is already happening BTC up around $500 in the last couple of days that is not rocket but is also not small % .

[Martisor-Sobru]

Or maybe the whales want to sell at a high price now to people who want btc-gold&co.
But if the price increases by $1000 people do not buy because BTC-gold&co hardly be hundreds $.

[richardsNY]

Well, say straight.
What do you think is coming?

I'm kinda confused, but would bet on a uptrend (on everything worthy).

Long term speaking, there is only one way for this market, and that's only up. Short term speaking, the only obstacle that stands in the way of this growth is the hard fork in November. It's impossible to put it aside like it doesn't matter, and due to the uncertainties connected to such an event, I am expecting anything between $3000 and $4000 till we know how everything plays out. I prefer to not do anything at this point, but might start increasing my positions if the market falls well below the $3500 level.

[spartak_t]

Well, say straight.
What do you think is coming?

I'm kinda confused, but would bet on a uptrend (on everything worthy).

Long term speaking, there is only one way for this market, and that's only up. Short term speaking, the only obstacle that stands in the way of this growth is the hard fork in November. It's impossible to put it aside like it doesn't matter, and due to the uncertainties connected to such an event, I am expecting anything between $3000 and $4000 till we know how everything plays out. I prefer to not do anything at this point, but might start increasing my positions if the market falls well below the $3500 level.

That's what worries me the most in the first place.

[GreatOrchid]

I think the same as you, market can go in both directions in this month, and we all are holding our coins before the new fork on november.. this is not for being greedy, but i do want to receive some free coins, and i think that there is nothing wrong with that. anyway, bitcoin is always unpredictable, and currencies play a major role in the price of it, so we can not expect anything from it, just lets wait for news.

[CoinsCoinsEverywhere]

I think the same as you, market can go in both directions in this month, and we all are holding our coins before the new fork on november.. this is not for being greedy, but i do want to receive some free coins, and i think that there is nothing wrong with that. anyway, bitcoin is always unpredictable, and currencies play a major role in the price of it, so we can not expect anything from it, just lets wait for news.

Getting some free coins is not the only good reason to hang on to what you've got just before the fork.  It's also a good hedge in case the unexpected happens (although I'm not even sure at the moment which is the expected outcome and which is the unexpected one).  As long as you have both sets of coins, whichever "wins" after the fork, you're covered.

[xypos]

I'd say that the uptrend will continue well into the end of the year at least. We'll probably see new all time highs being set for bitcoin in the process, and potentially break $6k or even $7k barrier.

After that, i think that it is likely we'll experience an adjustment and profit takers start dumping. We simply cannot go bullish forever. Years in between halving are usually actually quite bearish for bitcoin or simply sideways movements.

[jorneyflair]

I'd say that price will probably skyrocket before a dump.

Probably we're going to see incoming an all time high once again, to the tune of $5500-$6000. However after that the price could plummet to around $3500-4000 just because of natural market fluctuation and people panic dumping when the candles stay red for a few days.

[Bitcoinaire]

I'd say that the uptrend will continue well into the end of the year at least. We'll probably see new all time highs being set for bitcoin in the process, and potentially break $6k or even $7k barrier.

After that, i think that it is likely we'll experience an adjustment and profit takers start dumping. We simply cannot go bullish forever. Years in between halving are usually actually quite bearish for bitcoin or simply sideways movements.

I think it will continue to grow as it has been for the last year or so. We rocket up, pullback, consolidate, climb up slowly, etc. There is SO much money flowing into cryptos, everyone wants in. Goldman Sachs, 65 crypto hedge funds, bitcoinira (is seeing explosive growth, ~$32 million within a 5 day period a few weeks back).

[jjacob]

Well, say straight.
What do you think is coming?

I'm kinda confused, but would bet on a uptrend (on everything worthy).

Long term speaking, there is only one way for this market, and that's only up. Short term speaking, the only obstacle that stands in the way of this growth is the hard fork in November. It's impossible to put it aside like it doesn't matter, and due to the uncertainties connected to such an event, I am expecting anything between $3000 and $4000 till we know how everything plays out. I prefer to not do anything at this point, but might start increasing my positions if the market falls well below the $3500 level.

The previous hardfork surprised the hell out of everybody. Nobody could believe that the price would take off after the split. The November fork is a lot more contentious. The date is pretty close and people are still talking about whether there will be replay protection.

[pooya87]

Well, say straight.
What do you think is coming?

I'm kinda confused, but would bet on a uptrend (on everything worthy).

Long term speaking, there is only one way for this market, and that's only up. Short term speaking, the only obstacle that stands in the way of this growth is the hard fork in November. It's impossible to put it aside like it doesn't matter, and due to the uncertainties connected to such an event, I am expecting anything between $3000 and $4000 till we know how everything plays out. I prefer to not do anything at this point, but might start increasing my positions if the market falls well below the $3500 level.

The previous hardfork surprised the hell out of everybody. Nobody could believe that the price would take off after the split. The November fork is a lot more contentious. The date is pretty close and people are still talking about whether there will be replay protection.

there was nothing surprising about that fork actually!
the fork itself was planed ahead and we finally got rid of the attackers, even if for a short time. and the price went up because we got rid of them and also additionally because that fork was at the same time with activation of SegWit or have you forgotten that

[Cacingkemi]

Hey guys,

As the title says - I've noticed something strange. Some major currencies are losing short-term value (not only against EUR/USD/GBP/name_your_currency), but against Bitcoin as well. I believe we can expect two things:

1. Bitcoin will skyrocket.
2. Incoming dump.

Reading my thoughts this way looks hilarious, but "myself know what I mean". We've seen this before, but I'm pretty sure something is about to happen.

What are your thoughts?

There is nothing strange if thinking about there (usd, eur, gbp, my name curency RP),all real currency down which rose only not real currency like BTC.I don'tt know what I say but I know what I mean like that,real money seems to be worthless when compared to BTC.

[LoyceV]

Getting some free coins is ...

A fork does not give you free coins, the value doesn't come from nothing. It comes from the original coins you had, and the higher the value of the Forkcoin, the lower the value of your original coin gets. Even if both go up, that means it would have been higher without fork.

Read this: Bitcoin Cash Is Not Free Money

[Wind_FURY]

Well, say straight.
What do you think is coming?

I'm kinda confused, but would bet on a uptrend (on everything worthy).

Long term speaking, there is only one way for this market, and that's only up. Short term speaking, the only obstacle that stands in the way of this growth is the hard fork in November. It's impossible to put it aside like it doesn't matter, and due to the uncertainties connected to such an event, I am expecting anything between $3000 and $4000 till we know how everything plays out. I prefer to not do anything at this point, but might start increasing my positions if the market falls well below the $3500 level.

That's what worries me the most in the first place.

Why would that worry you? We are still in a long term uptrend. Any dip in price, hopefully below the $3500 level as mentioned, would be another opportunity for us to buy more coins.

I think the same as you, market can go in both directions in this month, and we all are holding our coins before the new fork on november.. this is not for being greedy, but i do want to receive some free coins, and i think that there is nothing wrong with that. anyway, bitcoin is always unpredictable, and currencies play a major role in the price of it, so we can not expect anything from it, just lets wait for news.

Getting some free coins is not the only good reason to hang on to what you've got just before the fork.  It's also a good hedge in case the unexpected happens (although I'm not even sure at the moment which is the expected outcome and which is the unexpected one).  As long as you have both sets of coins, whichever "wins" after the fork, you're covered.

We are not getting free coins because there is no replay protection in this hard fork. Moving Segwit2x/btc1 coins will be replayed in the real chain and you would lose your real Bitcoins.

[Herbert2020]

-snip-
We are not getting free coins because there is no replay protection in this hard fork. Moving Segwit2x/btc1 coins will be replayed in the real chain and you would lose your real Bitcoins.

it is very easy to protect against replay attack though. you just have to spend a little more time.
it involves a pretty basic set of things:
- using locktime
- using RBF
- creating two sets of transaction for two different chains.
one chain will inevitably be faster, you get your transaction confirmed on the faster chain and then immediately spend the transaction on the other chain. since you used locktime and the faster chain will be ahead of the slower chain the tx on the faster chain is not yet valid on the slower (behind chain) so you create a new tx (RBF helps here) and have your coin in a different key.

[nizamcc]

It would be too early to speak before time takes place when such decisions will really matter. Everyone knows that a fork is about to happen, so your instinct indicating you of something to occur is not indicating anything new yet. Some significant decisions are yet to be taken by the miners and they might be the reason why alts are losing over to Bitcoins and BTC is gaining strength. If we won't be getting any free coins after the hard fork, I don't understand why are they using the brand "Bitcoins" ahead of their so-called invention namely Gold?

[posi]

Yes some major currencies are losing short-term value so also will bitcoin loose short-term value but it to strength the bullish of bitcoin market and if you can recollect some dip usually happen this time very year before the all time high price of bitcoin occur.

[CoinsCoinsEverywhere]

Getting some free coins is ...

A fork does not give you free coins, the value doesn't come from nothing. It comes from the original coins you had, and the higher the value of the Forkcoin, the lower the value of your original coin gets. Even if both go up, that means it would have been higher without fork.

Read this: Bitcoin Cash Is Not Free Money

I understand what the author in that article is saying, and it mostly makes sense, but it's not necessarily true.  That view is too simplistic and is only guaranteed to be true in a vacuum where people have to invest in something, and the only options are bitcoin and bitcoin cash.  The real markets are much more complicated than that.

[batang_bitcoin]

The sequence or pattern that can be seen on the bitcoin chart is that it always goes up after a major dump. And those two things that you had mentioned are truly going to happen, that's the cycle that I always believe and makes me calm all the time. Once we are into dumps, I'm just taking the advantage of buying at dip because there will be an incoming skyrocketing and with the upcoming fork, for sure we are into skyrocketing.

[Bustart]

Getting some free coins is ...

A fork does not give you free coins, the value doesn't come from nothing. It comes from the original coins you had, and the higher the value of the Forkcoin, the lower the value of your original coin gets. Even if both go up, that means it would have been higher without fork.

Read this: Bitcoin Cash Is Not Free Money

I understand what the author in that article is saying, and it mostly makes sense, but it's not necessarily true.  That view is too simplistic and is only guaranteed to be true in a vacuum where people have to invest in something, and the only options are bitcoin and bitcoin cash.  The real markets are much more complicated than that.

The point that I get from that article is the amount you put up from a certain coin and so on through forkcoin? So how about if we use another coin would that be in the same motion too? I'm kinda curious and confused as well regarding this matter. Could somebody from here who could elaborate the thought from the article and make it a brief info to everybody? Anyway,thank you for this information but I have to stay calm for now because bitcoin is tremendously keeping its skyrocketing rate sooner and sooner.

[clrpod]

So basically bitcoin is either going to pump or dump sometime soon, isn't that pretty much always the case? The market is probably just waiting for a wave of confidence or a wave of in-confidence which will likely come off the back of some either positive or negative news. A lot of market confidence was lost with the recent China FUD so it's understandable that the markets are still unsure.

[Lieldoryn]

I think in the near future will not dump. Users hold bitcoins in the hope that after the fork, the price will grow like last time and maybe they will get free new coins. So even the bad news from China can not destabilize the market.

[bjumb]

Getting some free coins is ...

A fork does not give you free coins, the value doesn't come from nothing. It comes from the original coins you had, and the higher the value of the Forkcoin, the lower the value of your original coin gets. Even if both go up, that means it would have been higher without fork.

Read this: Bitcoin Cash Is Not Free Money

It's what I've been telling everybody too, that Bitcoin Cash won't be free money. But in the end it was in a way, because at the end BTC surpassed it's ATH by far and at the same time even BCC reached number 3 market cap. And it's not because bitcoin before the hard fork should have been worth that much more. The reason was future market pumped the hell out of BCC.

There was an anomaly because it was possible to buy it as future investment even before the fork occurred. And the price was pumped very high at the future market already. I guess many people didn't even know what future market was. And when the bitcoin cash came out many saw the price rise on the future market and assumed it will continue to go up so they continued buying and pumped the price very high. But in reality there was just a few % of true investments in it's market cap. Everything else was just "made up of thin air", because of unrealistically pumped up price. And the market cap was probably 100 times overinflated on the first day.

This unrealistically large market cap made bitcoin cash look like it's serious and strong cryptocurrency, so people continued to invest in it. Until the missing money from the market cap filled the anomaly and it's market cap isn't overinflated anymore now. So it wasn't free money, but it tricked people to invest additional money to the market, so it doesn't represent part of former BTC market cap either. And many people made nice profit from selling it so it indeed was a kind of free money for them.

[YuginKadoya]

I think in the near future will not dump. Users hold bitcoins in the hope that after the fork, the price will grow like last time and maybe they will get free new coins. So even the bad news from China can not destabilize the market.

Pretty much because of the recent Hard Fork everybody is ready for the next one this coming November and it is really announce that it will surely happen and I am the one who is waiting to get free Altcoin in this next Hard Fork that is why I am holding no matter what happen and I really think after this Hard Fork expect the surge of value with bitcoin and there will be FUD but I think many would not listen anymore with any nonsense regarding any negativity against bitcoin.

[Eternu]

Basically you say it can go both way, and that is nothing new in Bitcoin world. But I think you are right about what you said. Currencies all across the world are losing to Bitcoin slowly. If I'm not mistaken that is one thing why China was concerned about Bitcoin. When people start using Bitcoin more than its own country currency, that country currency is losing on its value. I don't think there will be price skyrocket, not any time soon at least. But I am not sure about dump. November is coming, and with it maybe new hard fork, which can lead to another panic sale.

[CoinsCoinsEverywhere]

Getting some free coins is ...

A fork does not give you free coins, the value doesn't come from nothing. It comes from the original coins you had, and the higher the value of the Forkcoin, the lower the value of your original coin gets. Even if both go up, that means it would have been higher without fork.

Read this: Bitcoin Cash Is Not Free Money

I understand what the author in that article is saying, and it mostly makes sense, but it's not necessarily true.  That view is too simplistic and is only guaranteed to be true in a vacuum where people have to invest in something, and the only options are bitcoin and bitcoin cash.  The real markets are much more complicated than that.

The point that I get from that article is the amount you put up from a certain coin and so on through forkcoin? So how about if we use another coin would that be in the same motion too? I'm kinda curious and confused as well regarding this matter. Could somebody from here who could elaborate the thought from the article and make it a brief info to everybody? Anyway,thank you for this information but I have to stay calm for now because bitcoin is tremendously keeping its skyrocketing rate sooner and sooner.

Basically, the author of that article is claiming that anytime bitcoin forks, the value of the forked coin will be subtracted from the value of the original bitcoin.  In other words, the author believes that the total price/value/market cap between the two coins is going to be conserved.  For example, if BTC was worth $4000 before the fork, then BTC + BCH would be worth $4000 after the fork.  So if BCH ends up at $1000, BTC would end up at $3000.

Additionally, the author claims that any value that appeared to be added around the time of the fork would have ended up in the original coin if the fork hadn't occurred.  Using the same example, if BCH ends up at $1000 and BTC remains at $4000, then BTC actually would have risen to $5000 if there had been no fork.

While I think there is a lot of logic and likely some truth to these assertions, I think that reality is much more complex than this.  For example, if everyone decided to invest extra fiat in BCH that they otherwise would not have invested in BTC, then BTC's price would be unaffected by the fork.

[spartak_t]

I believe my thread makes more sense now. Bitcoin is skyrocketing and alts are being dumped.

[LoyceV]

I believe my thread makes more sense now. Bitcoin is skyrocketing and alts are being dumped.

I kinda expected Bitcoin to shoot up a lot once it really broke the $5k barrier. It had been stuck just under it for a long time now. The same happened at $3k, and the same happened at $800. If it follows the same pattern, that would mean $8k soon.

[spartak_t]

I believe my thread makes more sense now. Bitcoin is skyrocketing and alts are being dumped.

I kinda expected Bitcoin to shoot up a lot once it really broke the $5k barrier. It had been stuck just under it for a long time now. The same happened at $3k, and the same happened at $800. If it follows the same pattern, that would mean $8k soon.

Yes, but this time alts are being dumped harder than before. Myself am holding alts only and I can tell you that I don't like my current balances. So far only LTC is performing well vs BTC, but this was expected.

[sorrysteve1]

I believe my thread makes more sense now. Bitcoin is skyrocketing and alts are being dumped.

In essence your thread said that one of the only 2 possible things was going to happen, it wasn't anything revolutionary. When BTC has big price surges it is almost always accompanied by falls in the prices of alts because people are keen to get their hands on BTC.

[spartak_t]

When BTC has big price surges it is almost always accompanied by falls in the prices of alts because people are keen to get their hands on BTC.

Sorry, Steve, but this sounds stupid. Do you realize that currently 100s of billions $ are traded into digital currencies on monthly basis? Should I remind you what happened (even though you probably weren't around) after Mt Gox and The DAO failure (to name a few)? What happens now? China bans Bitcoin - we don't care, we buy. Russia bans Bitcoin - we don't care, we buy. All these circumstances would have caused huge negative impact back in the days, but things are now different. More people into Bitcoin = more strong hands.

You cannot compare it with history.

Bad thing is that alts are suffering, but as I said - the ones who deserves it will eventually flourish as well.  

[Febo]

I believe my thread makes more sense now. Bitcoin is skyrocketing and alts are being dumped.

I kinda expected Bitcoin to shoot up a lot once it really broke the $5k barrier. It had been stuck just under it for a long time now. The same happened at $3k, and the same happened at $800. If it follows the same pattern, that would mean $8k soon.

Yes, but this time alts are being dumped harder than before. Myself am holding alts only and I can tell you that I don't like my current balances. So far only LTC is performing well vs BTC, but this was expected.

You should know better from past.

BTC will get in Newspaper headlines and evening news. New horde of people will jump in and start buying BTC.  Few weeks latter part of them will start looking around the Cryptospace and will see your altcoins and price of those will double.  Happened few times only this year.  So just chill out and enjoy the rest of this decade. Not need to do anything really.

[spartak_t]

I believe my thread makes more sense now. Bitcoin is skyrocketing and alts are being dumped.

I kinda expected Bitcoin to shoot up a lot once it really broke the $5k barrier. It had been stuck just under it for a long time now. The same happened at $3k, and the same happened at $800. If it follows the same pattern, that would mean $8k soon.

Yes, but this time alts are being dumped harder than before. Myself am holding alts only and I can tell you that I don't like my current balances. So far only LTC is performing well vs BTC, but this was expected.

You should know better from past.

BTC will get in Newspaper headlines and evening news. New horde of people will jump in and start buying BTC.  Few weeks latter part of them will start looking around the Cryptospace and will see your altcoins and price of those will double.  Happened few times only this year.  So just chill out and enjoy the rest of this decade. Not need to do anything really.

I need/must! Day trading and accumulating coins in which I "trust".

[agustina2]

Hey guys,

As the title says - I've noticed something strange. Some major currencies are losing short-term value (not only against EUR/USD/GBP/name_your_currency), but against Bitcoin as well. I believe we can expect two things:

1. Bitcoin will skyrocket.
2. Incoming dump.

Reading my thoughts this way looks hilarious, but "myself know what I mean". We've seen this before, but I'm pretty sure something is about to happen.

What are your thoughts?

Im not a fan of thinking too much hype when it comes to that kind of concerns.

But Im interested of what will really happen. Will just take a cup of tea somewhere while watching what will happened.

[LoyceV]

but things are now different.

This is a very dangerous assumption in any investment!

More people into Bitcoin = more strong hands.

I've counted 5 big drops (in Bitcoin) this year, and each time Bitcoin reached a higher point after that again. Realizing the whole dumping thing is manipulation to get people to panic sell at a lower rate makes me feel much more confident it will just bounce up again eventually.

You cannot compare it with history.

If history taught us one thing, it's that history repeats itself.

Bad thing is that alts are suffering, but as I said - the ones who deserves it will eventually flourish as well.  

I too got into alts at a very bad moment, right after many alts went up 10 to 100 fold. Since they've lost more than 80% already, I just keep them. Another thing history has taught me is that alts go up every few years, and once they do, I'll sell some. Not all, just a bit.

[zwiggel]

Hey guys,

As the title says - I've noticed something strange. Some major currencies are losing short-term value (not only against EUR/USD/GBP/name_your_currency), but against Bitcoin as well. I believe we can expect two things:

1. Bitcoin will skyrocket.
2. Incoming dump.

Reading my thoughts this way looks hilarious, but "myself know what I mean". We've seen this before, but I'm pretty sure something is about to happen.

What are your thoughts?

Probably your guess really correct. Today, bitcoin has skyrocketed, its value has grown rapidly in a short time. this is really nice. Bitcoin is always the strongest currency.

[Febo]

I believe my thread makes more sense now. Bitcoin is skyrocketing and alts are being dumped.

I kinda expected Bitcoin to shoot up a lot once it really broke the $5k barrier. It had been stuck just under it for a long time now. The same happened at $3k, and the same happened at $800. If it follows the same pattern, that would mean $8k soon.

Yes, but this time alts are being dumped harder than before. Myself am holding alts only and I can tell you that I don't like my current balances. So far only LTC is performing well vs BTC, but this was expected.

You should know better from past.

BTC will get in Newspaper headlines and evening news. New horde of people will jump in and start buying BTC.  Few weeks latter part of them will start looking around the Cryptospace and will see your altcoins and price of those will double.  Happened few times only this year.  So just chill out and enjoy the rest of this decade. Not need to do anything really.

I need/must! Day trading and accumulating coins in which I "trust".

That is a perfect way but.  What if you sell your favorite coin because you think it will go down for you to buy 20% cheaper and have 20% more of your favorite coins and then it go BUM +200% and never come back. And you are left with empty bag of coin you believed in for past 3 years.  All you can do is buy 1/3 of what you had or nothing at all. 

I know I would not survive it. So I just put my feet on the table and watch the party doing nothing.