Is Bitcoin's rally really about BTG?

[PancherBitCoin]

It is very likely that this price up is at least partly due to new coin BitcoinGold,people still have fresh memories on last fork and BitcoinCash who make nice profit for them.Nobody wants to miss the possibility for new profits and trying to accumulate as much as possible.

It is difficult to say is this the only reason why we are so close to 6000$,but demand for BTC is big,more buying then selling is always causing price increase.Probably we will see correction after hard fork is finished,it is always been like that-after pump always come dump.

The fact of the matter is that I probably will use the reality of the same case as it was with the next fork, when practically I got new coins in my wallet while doing nothing. I think that Bitcoin's new double will be no worse than my predecessor ..

[eaLiTy]

I think that there will be an increase in unnecessary legislation soon to follow.  Probably more focused on "Blockchain based assets" rather than specific coins.  Governments around the world will want their taxed share.  Will this drive the price up or down?  Answer is yes.    

The recent rally on the price of bitcoin might be the direct result of the forking coming up and the possibility to earn some extra coins if you are keeping your bitcoins in a private wallet. I am not sure what you meant by unnecessary legislation could drag the price down,i have seen many rallies in the past and after a certain point any FUD news could make the difference and could drag the price crazy.

[CoinsCoinsEverywhere]

If this coindesk article is to be believed, the recent rally is due to the upcoming forks:

https://www.coindesk.com/logical-not-bitcoins-coming-fork-boosting-price/

If this really is due to the bitcoin gold fork, it will be interesting to see what happens afterward (if the fork happens).  You might think that BTC will selloff, but if everyone is trying to get BTG so they can dump it to get more BTC, that might actually make BTC rally further.

[bozo333]

Yes bitcoin price is incresing due the upcoming fork and coin spliting from bitcoin. I know we all people really worry about the price dip after the novmber 25th. we may not sure price bump up in the bitcoin then how you can say BTG's rate.

Today almost 200 usd downfall in the price chart. by dumbing the coin whales may invest on the bitcoin and buy it for cheap price.

[pitiflin]

I do not believe this rally is all because of BTG. That fork is weak and a joke, it is also more rushed than Segwit2x. Who are the developers behind it? All we know is it was started by an Asic manufacturer from Hong Kong.

I also cannot access their website, http://btcgpu.org/

Wtf... Are you telling me that people are going crazy after bitcoin gold without even knowing anything, that's heights of being an immature person. Knowingly or accidentally this has caused bitcoin's price to go up and break yet another record and I am happy with it. But such a craze on bitcoin gold is unnecessary I guess.

[Hamphser]

I think that there will be an increase in unnecessary legislation soon to follow.  Probably more focused on "Blockchain based assets" rather than specific coins.  Governments around the world will want their taxed share.  Will this drive the price up or down?  Answer is yes.    

The recent rally on the price of bitcoin might be the direct result of the forking coming up and the possibility to earn some extra coins if you are keeping your bitcoins in a private wallet. I am not sure what you meant by unnecessary legislation could drag the price down,i have seen many rallies in the past and after a certain point any FUD news could make the difference and could drag the price crazy.

True,even op would say that he wont believe that this rally isnt been cause by Bitcoin Gold. I would really say that it does really give some effects  and as you said any news regarding on bitcoin would really make a difference on the price.We sometimes see this price rally as a bubble but yet we cant be sure if price would dip down again after the fork. 2 forks would really happen on this month and the next month.For now the best thing to do is accumulate bitcoin as much as can to earn those free coins again just like we did on Bitcoin cash.

[Oroplata]

There is a big probality that it is the reason the price of Bitcoin is surging. There is nothing to lose when they bought some Bitcoin. There was no bad effect even what negative Jamie Dimon posted lately about Bitcoin.

[malikusama]

I do not believe this rally is all because of BTG. That fork is weak and a joke, it is also more rushed than Segwit2x. Who are the developers behind it? All we know is it was started by an Asic manufacturer from Hong Kong.

I also cannot access their website, http://btcgpu.org/

So far this fork seems really weak as compare to the last one and it will not going to effect price negatively. Price is still on the top and fluctuating between $5500 to $5800 which is indeed a positive sign. The hype created for the fork was just to scare, it will be a flop show i guess.

[Pleione527]

I don't think the price hike is due to BTG the price has been increasing early up this year and there might be some drops and fluctuations but its not about any upcoming fork I think bitcoin just need to adjust its value in preparation for the increasing demand