BTC Price Pumps and Forks

[Theb]

200-600$ is not what you called a little money, stocks thats are priced on the level of Bitcoin does not have that kind of range of volatility. And obviously seeing Bitcoin having a strong price pump will result to other cryptocurrency turn red as other traders will off load their altcoins in order to buy Bitcoins in return. The only traders crying blood are the ones who didn't participate the price pump of Bitcoin.

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[Pursuer]

As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.

the upcoming forks are
** the Bitcoin Gold fork
which most people don't even know about to want to do anything about it. but there has been some small effects on the price. obviously some people know and buy because of it but I'd say it is about 10% of the reason why the current rise happened.

** the SegWit2x fork
that one actually is not going to be happy rise at all. I even expect fall because of it but it has not yet started because there is some time left before people start spreading their FUD about it. let 10 more days come and go and I am sure the FUD campaign will start all over the media and price can fall because of it.

now that the first part meaning the bitcoin gold fork has happened (at least the distribution inside exchanges has happened and people buying bitcoin no longer receive the BTG airdrop) we can see that the drop caused by this fork was a little less than 10%, which means I was kind of correct when 10 days ago I said about 10% of that rally was because of BTG.

now we have to wait for the S2X thing to start. things are already changing about it too. with exchanges like Coinbase releasing a "different" type of announcement and generally things like that. now lets see if there is any panic going to start or not. so far there is none.

[fistteam]

Any school will be at the bitcoin price will be very high, there will be a bitcoin will fall deeply if you are a good analyst you will see the 2016 2016 2017 when the bitcoin price increased to $ 2,000 in the first 6 months At the end of the year, it will be almost equal to the price to adjust the price so you are assured that the bitcoin price can change at any time to balance sales and sales.

[sunsilk]

As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.

Yes it's due to the upcoming forks, bitcoin gold and bitcoin segwit2x. It really helps the price of bitcoin to pump and so whatever the news is the price of bitcoin will be keep on pumping because of the free coins it made.

The profit that is giving us, we are the ones to decide on where are we going to invest that but the majority is deciding to put it to bitcoin.

And that's why the price of bitcoin is pumping because there's a lot of people that are putting that in buy order.

[ramsdaj28]

As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.

That's actually one of the reason why forking happens. The upgrade in the bitcoin network aims to improve the bitcoin itself, including the speed of transaction fees. That's why a new coin is created during bitcoin forking (e.g. bitcoin cash and the incoming bitcoin gold).

On the other hand, it's not the forking that really makes the bitcoin price pump, but the investors and traders themselves. Due to people's expectations that bitcoin forking will result to another coin that is equivalent of the bitcoin an investor is holding, these investors and traders start to sell or trade their altcoins and invest it to bitcoin weeks before the forking. That's why bitcoin price pumps up before and during bitcoin forking and falls down weeks after the forking when they start selling their bitcoins and bitcoin-forked coins. By that time, altcoin prices will rise up as investors are expected to invest again to these altcoins.

[jpoker272727]

Bitcoin have its own market and a lot of users. Altcoin market is small market, which can not affect whole Bitcoin market. Even people, who trade with altcoins can not affect Bitcoin, because Bitcoin is too large. More than 200 000 users make transactions via only Blockchain daily, so may be only large mining or exchange companies can affect some Bitcoin price changes.

In the world of crypto currencies, there is no other coin like that of bitcoin. Bitcoin is no doubt that top ranked coin and there is no match of bitcoin. As far as BTC price is concerned, I think it works on the principle of supply and demand.

Since the demand is very much high now-a-days, that is the reason why we are experiencing this much increase in the market price of bitcoin. This will add more money to the owners of bitcoin.

[nomad1109]

For me an ICO and a fork is not much different. The way to the money might be a little different, but the result is the same. In an ICO people pump money directly into the new currency, which they then receive some of. In a hard fork it is announced that everyone who owns currency A at time T will receive the same amount of currency B. This causes people to buy currency A in order to receive currency B. The price of currency A is then pumped up until the copy of the blockchain has taken place. At this time some of the buyers want out of currency A, as they have received currency B. The result is that people have pumped in cash into currency B, by using A.

[AVAMONEY]

For me an ICO and a fork is not much different. The way to the money might be a little different, but the result is the same. In an ICO people pump money directly into the new currency, which they then receive some of. In a hard fork it is announced that everyone who owns currency A at time T will receive the same amount of currency B. This causes people to buy currency A in order to receive currency B. The price of currency A is then pumped up until the copy of the blockchain has taken place. At this time some of the buyers want out of currency A, as they have received currency B. The result is that people have pumped in cash into currency B, by using A.

yes it is true today is fork bitcoin gold, many people are competing to save bitcoin for a week in hopes to take advantage of ico bonus that will be obtained

[Rahar02]

I'm not sure if people pumps bitcoin only for free BTG, but bitcoin price seems declined to $5400 right after btg hard fork.
People surely want to get profit at the peak, so it's normal for bitcoin get corrected after reach ATH over $6300.
Give it some time and bitcoin will recover to $6K mark. And the next big thing is 2x hard fork which will be launched on November 18.
Anything but bitcoin will be dumped soon, whether bcash, btg or even btc1.

[EtihadBitcoin]

The next one will not have a coin for it?
Will it now?
Lmao!