richGUP (OP)
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October 07, 2017, 05:04:22 AM |
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Hey,
Are we seeing a sell off in the Altcoin market again due to BTC and everyone wanting their 'free money'?
Seems most Altcoins are almost at the bottom of their cycles, is this due to people selling back into BTC? I'm also aware there is a lot more competition out there with all the ICO's.
Could this continue all the way through October and November until BTC stabilises? Then there could be a huge upside, better leave Alts and wait?
What is your strategy going forward?
Thanks,
Rich
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Tornand
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October 07, 2017, 07:22:38 AM |
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This is a really good question I am also thinking about. At the moment I am more leaning towards investing money in october because I expect prices going up again after the Bitcoin Gold airdrop. But I am a newbie and everything else than sure about it. What are others saying?
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Filmmmakerr
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Hello. Bye.
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October 07, 2017, 07:48:44 AM |
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No one cared about bitcoin cash neither but its still kicking.
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Campaign Manager (2018)
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Lucky_U
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October 07, 2017, 07:56:52 AM |
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I think it will be the same story like Bcash and when BitcoinGold will be dump after hardfork - it no one will need.
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AlexaSonda
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October 07, 2017, 08:00:26 AM |
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there is no need to worry about this. if you have btc then save and hold. see what happened yesterday, many people panic sell. but now what? the btc price returns to normal.
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Uhde
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October 07, 2017, 08:15:13 AM |
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I think people started to exchange ther altcoins to btc that is why all is red. We can think that those people holding btc at the moment cause btc price is still high. Whenever trend changes and people think that fiat is safer than btc then btc will go down so high for at least 1 month.
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Tornand
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October 07, 2017, 08:15:37 AM |
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But is it not true that people sell their altcoins to raise their Bitcoin account? If it is true BTC would go up and many altcoins down. After the airdrop many people would sell their Bitcoin to invest in undervalued altcoins.
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Pasutinmeur
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October 07, 2017, 08:23:03 AM |
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Hey,
Are we seeing a sell off in the Altcoin market again due to BTC and everyone wanting their 'free money'?
Seems most Altcoins are almost at the bottom of their cycles, is this due to people selling back into BTC? I'm also aware there is a lot more competition out there with all the ICO's.
Could this continue all the way through October and November until BTC stabilises? Then there could be a huge upside, better leave Alts and wait?
What is your strategy going forward?
Thanks,
Rich
Nope, because the hardfork of the bitcoin will be at the same time with the hardfork of the ethereum itself, I just think there will be the main coin to dump and that was bitcoin cash. Because that generated from the free airdrop and those are free to leaving from the bitcoin cash and move again to the bitcoin. |
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okissabam
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October 07, 2017, 08:27:10 AM |
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I don't think anyone really cared that much just like Bitcoin Cash, although it is still in the market but no one really give it a much thought if they would want to invest a lot of this coin so I think it would go the same as what happened with Bitcoin Cash. But we'll just see what happens though, anyways this Bitcoin Gold will be considered as an altcoin so we'll see how far this coin goes.
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Tornand
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October 07, 2017, 08:27:35 AM |
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Hey,
Are we seeing a sell off in the Altcoin market again due to BTC and everyone wanting their 'free money'?
Seems most Altcoins are almost at the bottom of their cycles, is this due to people selling back into BTC? I'm also aware there is a lot more competition out there with all the ICO's.
Could this continue all the way through October and November until BTC stabilises? Then there could be a huge upside, better leave Alts and wait?
What is your strategy going forward?
Thanks,
Rich
Nope, because the hardfork of the bitcoin will be at the same time with the hardfork of the ethereum itself, I just think there will be the main coin to dump and that was bitcoin cash. Because that generated from the free airdrop and those are free to leaving from the bitcoin cash and move again to the bitcoin. Sorry, I don't understand your point completely. Can you please go a bit into detail. I guess as a newbie I am missing some information. |
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13abyknight
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October 07, 2017, 08:33:45 AM |
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First Bitcoin Cash and now Bitcoin Gold, I guess we'll have many more forks coming just because they want to make a new coin by deviating from the core. Its getting to a point where this is being done with no promise or potential, just to make a new coin and dump it as soon as the fork occurs. BCH at least did some productive for their userbase so lets see what BTG has in store.
For BTC, its just another fork and shouldn't shake the market that much but if it happens like last time, expect it to cross the $5k mark and go to another all time high.
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TimeHacker
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October 07, 2017, 08:40:33 AM |
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It's quite possible that people will move their funds to Bitcoin before the fork to get more free coins, it happed already with Bitcoin Cash. I don't really think that Bitcoin Gold is worth it, but free money is free money  |
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~Bitcoin~
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October 07, 2017, 08:51:22 AM |
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Seems most Altcoins are almost at the bottom of their cycles, is this due to people selling back into BTC? I'm also aware there is a lot more competition out there with all the ICO's.
Could this continue all the way through October and November until BTC stabilises? Then there could be a huge upside, better leave Alts and wait?
What is your strategy going forward?
Thanks,
Rich
May be you are right, people are selling their alts to get back bitcoin and hold it for the fork. This might continue for next few days till actual fork date than all altcoin price in terms of bitcoin will go up while we might see a little correction on bitcoin price. I am holding half of my bitcoin and half in USD to buy back some cheap bitcoin during possible dump. |
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G.Seed
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October 07, 2017, 09:11:42 AM |
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The question is if the BTG fork happen, should we sell our BTG for BTC or hold BTG ?
Is this fork a good thing for the future of Bitcoin, should we support it ?
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duep
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October 07, 2017, 09:12:55 AM |
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Hey,
Are we seeing a sell off in the Altcoin market again due to BTC and everyone wanting their 'free money'?
Seems most Altcoins are almost at the bottom of their cycles, is this due to people selling back into BTC? I'm also aware there is a lot more competition out there with all the ICO's.
Could this continue all the way through October and November until BTC stabilises? Then there could be a huge upside, better leave Alts and wait?
What is your strategy going forward?
Thanks,
Rich
Well, I am pretty much newb at this as well but still find myself wondering about this now. Most alts are down very much last few weeks. Seems to make sense to me that people would have sold on the news about getting free Bitcoin Gold. Either to get the free coins or on the expectation of everyone else doing it and prices going down. Now I am not sure how much more there will be drop before these events, so not sure whether to sell some at the dipped prices or just wait until after and see. Should probably follow these news better to react in time.. |
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Joshapat
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October 07, 2017, 09:52:09 AM |
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The more coin that uses bitcoin but I do not make me interested, bitcoin gold will be the same as bitcoin cash that looks like ordinary altcoin, I prefer Ethereum, Waves, Litecoin and so on than Bitcoin cash or bitcoin gold.
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Tornand
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October 07, 2017, 10:50:12 AM |
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What about electroneum?
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fragout
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October 07, 2017, 11:01:04 AM |
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Im normally in the HODL camp as anytime i sell anything, the price rockets. I held my Bcash for instance.(mistake probably). I think though i am going to dump bitcoin gold as soon as i get it as it makes no sense and is no better or in fact worse than the Litecoin fork.
2X though i hope never happens but will probably hold if it does.
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slaman29
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Livecasino, 20% cashback, no fuss payouts.
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October 07, 2017, 11:06:19 AM |
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There's really no reason to think Bitcoin Gold will follow the same fate as Bitcoin Cash, AT BEST. At least Bitcoin Cash had a lot of powerful miners opening an exchange for BCC. If Bitcoin Gold wants to even build up enough hype to want people to hold, they will have to do a lot better at their promotions of their goal and vision for this new alt. Another thiing to watch out for will be whether or not sites and exchanges will offer the same as they did for Bitcoin Cash. I believe most of them will simply ignore this new fork. If that's going to be the case, it can forget reaching BCC prices.
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BitcoinHodler
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October 07, 2017, 11:30:23 AM |
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Are we seeing a sell off in the Altcoin market again due to BTC and everyone wanting their 'free money'?
Seems most Altcoins are almost at the bottom of their cycles, is this due to people selling back into BTC? I'm also aware there is a lot more competition out there with all the ICO's.
whenever there is an altcoin dump the first reason that comes to mind is that it is the normal way of things with altcoins. it really isn't something strange. they altcoins get pumped then they are dumped. some faster than others. and they are "at the end of their cycles" the cycle of pump and dump and then bottom and below bottom and maybe in far away future, another pump. Could this continue all the way through October and November until BTC stabilises? Then there could be a huge upside, better leave Alts and wait?
bitcoin has never been stable, at least not for long and it is not about to start becoming stable anytime soon. What is your strategy going forward?
my strategy is to ignore all the altcoins that are getting dumped and start looking for those that are getting pumped. there are a lot of them out there and every day at least a couple are on the pumping side. |
Holding Bitcoin More Every Day
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