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Author Topic: Will the BTC price go up or down after the 25th Oct fork?  (Read 2593 times)
chocolah29
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October 23, 2017, 08:39:02 AM
 #41

I think it's more of the price of bitcoin will probably go down because of these hard fork. Since they will introduce new coins in the market bitcoin price will be affected, but eventhough this can possibly happen I'm still sure that it will recover soon and will give a good pump. I am still positive that bitcoin will continue to appreciate in the coming years.


Nah I don't think so. It will just have some few correction but not a downfall.
Yeah maybe there are some people will sell their bitcoin after the hardfork and that will somehow affect the price and bitcoin gold won't affect the price of bitcoin as btg is just another new born altcoin here and its too small to hurt bitcoin.

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October 23, 2017, 04:02:33 PM
 #42

As of now the price of BTC seems to be picking up, thanks to the upcoming fork and the complimentary BTG it assures to provide. But what after that? Would it be wise to hold BTC even after fork or sell it as soon as BTG is handed to us?
Now you can see that price is kind of being dumped, and buying of bitcoin is comparatively lesser than how it was 2 days ago. Yobit listed Bitcoin Gold I believe now itself and the price of one bitcoin gold is 0.08 bitcoin. Now bitcoin will drop and people will turn their attention to altcoins.


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October 23, 2017, 04:05:03 PM
 #43

It will go down for sure. But will not be a long run. for few weeks we will see some sellers and alt coin prices will go up
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October 23, 2017, 05:09:16 PM
 #44

It's hard to say because now is behaving diferently from the previous fork. With bch fork it was dumped before and pumped after. Now is being pumped so I really have no clue.
I do not think there is going to be a drop in the price of bitcoin there is another fork coming so what it is the point to get out of bitcoin when you have another opportunity to make a lot of money with yet another fork, however after we get that fork in November is possible we see a reduction in the price of bitcoin.

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October 24, 2017, 09:24:07 PM
 #45

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October 24, 2017, 10:19:13 PM
 #46

The price falls a little as some people have bought bitcoin as a short-term investment to earn money due to high demand before the fork. These investors sell their bitcoins and cause the price to fall. But It won't last very long. Because demand will be high soon as there will be another fork.
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October 24, 2017, 10:26:24 PM
 #47

As of now the price of BTC seems to be picking up, thanks to the upcoming fork and the complimentary BTG it assures to provide. But what after that? Would it be wise to hold BTC even after fork or sell it as soon as BTG is handed to us?
Now you can see that price is kind of being dumped, and buying of bitcoin is comparatively lesser than how it was 2 days ago. Yobit listed Bitcoin Gold I believe now itself and the price of one bitcoin gold is 0.08 bitcoin. Now bitcoin will drop and people will turn their attention to altcoins.
I think it is too soon for that, after the fork of bitcoin gold we are going to get another fork the segwit2x fork so people are still going to concentrate on bitcoin for at least a month and it is possible this is going to continue for a time after the fork maybe to the end of the year.

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October 24, 2017, 10:40:48 PM
 #48

after bitcoin price incraese very high, because all buyer want get BTG
after BTG launch and all holder BTC get BTG, all BTC holder can sell bitcoin, so bitcoin price can down price and crash, maybe until under 5000 dollar

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October 25, 2017, 12:38:31 AM
 #49

As of now the price of BTC seems to be picking up, thanks to the upcoming fork and the complimentary BTG it assures to provide. But what after that? Would it be wise to hold BTC even after fork or sell it as soon as BTG is handed to us?
Now you can see that price is kind of being dumped, and buying of bitcoin is comparatively lesser than how it was 2 days ago. Yobit listed Bitcoin Gold I believe now itself and the price of one bitcoin gold is 0.08 bitcoin. Now bitcoin will drop and people will turn their attention to altcoins.
I think it is too soon for that, after the fork of bitcoin gold we are going to get another fork the segwit2x fork so people are still going to concentrate on bitcoin for at least a month and it is possible this is going to continue for a time after the fork maybe to the end of the year.
Although is not possible to give 100% prediction about bitcoin price, after studying the market  and get analysis of some expert people we can come to the conclusion that bitcoin price is going to pass through a correction period, therefore most of the investors are expecting a dump here, but they are confident too that this decrease will be for a short time and after that bitcoin price will start raising again, and will hopefully hit $7000 very smoothly.
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October 25, 2017, 01:41:19 AM
 #50

Today is October 25th, and bitcoin price has been declined since few days ago, drop back to $5413 right now. Well, BTG hard fork planned to occur at block 491,407 on the original blockchain which happened around 12 hours ago. But, according to BTG developers, bitcoin gold network is aiming to be open to the public by November 1st. After btg hard fork seems traders turn into altcoins, while bitcoin prices continue to decreasing, altcoins may get more attentions and huge flux of money will switch to altcoins for a while until November 2x hard fork, just maybe.
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October 25, 2017, 01:59:11 AM
 #51

Today is October 25th, and bitcoin price has been declined since few days ago, drop back to $5413 right now. Well, BTG hard fork planned to occur at block 491,407 on the original blockchain which happened around 12 hours ago. But, according to BTG developers, bitcoin gold network is aiming to be open to the public by November 1st. After btg hard fork seems traders turn into altcoins, while bitcoin prices continue to decreasing, altcoins may get more attentions and huge flux of money will switch to altcoins for a while until November 2x hard fork, just maybe.

I guess its really safe to say that the pump came from the altcoin sections during our $6000+ run. But we still have our best days, with the looming November fork still on schedule. Let's forgot and move forward again, the bitcoin gold has down its share to bitcoin as I have before. Although we don't like the price to go down $6000, for me the current price is still as strong as ever. No doubt that it will not fall below $5000, investors will go back and buy bitcoin at this discounted price.

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October 25, 2017, 03:32:32 AM
 #52

It will slightly go down I think. The recent price rally and stability in $5500 range may be caused by people who bought BTC in order to get free BCG fork coin. After holding those BTC, people may dump it back and causing a slight downward movement.

Answer to 2nd question, yes. I personally think that holding BTC is always a good move for the long term. I've proved that so far. So, hold those BTC and sell BTG for free BTC as soon as possible Cheesy

Totally agree with you opinion. The pricing of Bitcoin after October 25 will be decrease but not to the point lower than $5000. It would normalize to $5400-5700 and will climb eventually.

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October 25, 2017, 04:15:12 AM
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October 25, 2017, 04:54:58 AM
 #54

It will go down for sure. But will not be a long run. for few weeks we will see some sellers and alt coin prices will go up
Exactly, bitcoin price down but not much that the people thinking. I don’t think that the price will come below to $5000 and then it will soon acquire his original price position so I am seeing this hard fork a chance for investors to buy with low price and enjoy it after a week time with his original price but with patience. Professionals are waiting eagerly for hard fork to buy with low price because they know the market nature.

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October 25, 2017, 08:34:48 AM
 #55

BTC will definitely start dipping when people re-invest back to altcoins it depends if people will trade their BTC Gold to Bitcoin or flat.
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October 25, 2017, 08:53:35 AM
 #56

It will go down for sure. But will not be a long run. for few weeks we will see some sellers and alt coin prices will go up
Exactly, bitcoin price down but not much that the people thinking. I don’t think that the price will come below to $5000 and then it will soon acquire his original price position so I am seeing this hard fork a chance for investors to buy with low price and enjoy it after a week time with his original price but with patience. Professionals are waiting eagerly for hard fork to buy with low price because they know the market nature.

$5,000 level or around to that can be considered as stronghold and by far the great resistance support level after the continous price increase. Since there is no expected events that can pull down the price, we can expect that support level may increase and who knows the current price will continue to experience pump for months later.

The dipping scenario today can be considered as good entry point too. Don't regret if you buy at much higher price since the moment you buy coins, you must eye a long term investment here. Patience and don't panic, soon it will be rewarded.

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October 25, 2017, 09:58:21 AM
 #57

We can see that the price was corrected a bit now and it’s about 5500$ to 5600$. Probably it will remain so until the November 1st when the true effects of fork will be actually in place. After that and before next fork announced for the middle of November the price will probably go up again and then the similar situation like now will follow, so another small correction. This is rather normal process, nothing to worry about and no reason for panic selling. By the end of the year Bitcoin might achieve the 7000+$.

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October 25, 2017, 11:11:46 AM
 #58

I personally honestly can't be sure, but I think it seems that bitcoin price will still be able to generate a moving towards higher again, which clear I thought bitcoin price will stay above $5000 and will not go down further from it. Well I'm just guessing it only, to predicting bitcoin price that was easily influenced by many things indeed isn't easy.

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October 25, 2017, 01:31:11 PM
Last edit: October 25, 2017, 01:44:11 PM by hase0278
 #59

I personally honestly can't be sure, but I think it seems that bitcoin price will still be able to generate a moving towards higher again, which clear I thought bitcoin price will stay above $5000 and will not go down further from it. Well I'm just guessing it only, to predicting bitcoin price that was easily influenced by many things indeed isn't easy.
Im sure for now the outcome is certain. It is now certain that bitcoin price fell after the October 25 fork. As expected it didn't fell that much. In fact it is like btc only going back to it's former price before the current fork happened. Probably today onwards, btc would be on a continuous fall of price that will last for a week or two before it recovers. There is also a possibility of bitcoin going down below 5000$ because in times when massive price increase occurs, the aftermath of it is a tremendous price decrease but I hope it won't happen soon.
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October 25, 2017, 01:52:32 PM
 #60

I personally honestly can't be sure, but I think it seems that bitcoin price will still be able to generate a moving towards higher again, which clear I thought bitcoin price will stay above $5000 and will not go down further from it. Well I'm just guessing it only, to predicting bitcoin price that was easily influenced by many things indeed isn't easy.
Im sure for now the outcome is certain. It is now certain that bitcoin price fell after the October 25 fork. As expected it didn't fell that much. In fact it is like btc only going back to it's former price before the current fork happened. Probably today onwards, btc would be on a continuous fall of price that will last for a week or two before it recovers. There is also a possibility of bitcoin going down below 5000$ because in times when massive price increase occurs, the aftermath of it is a tremendous price decrease but I hope it won't happen soon.

Surely bitcoin price fell after the fork happened on October 25th. Conversely, our robot still "thinks" the bitcoin price will surge.
It suggests remaining long on Bitcoin again after that the most exchanged crypto in the world has surpassed the 6.000$ threshold. According to the Robot, in fact, its probability of growth in the next four weeks remains elevated and confirms its target in thirty days around 6.900/7.000$.
According to RoboAdvisorCoin, the Bitcoin’s probability of growth remains interesting and equal to 56,04% (a slight decrease with respect to the previous 57,3%) of gaining again in double digits in the short term. The eventual confirmation of the growth movement of the most exchanged crypto in the world would translate into an increasing attention towards the crypto asset class by the international investors ad for this reason represents a statistic that goes beyond the dynamics of the Bitcoin alone.

You can find the full article about our robot forecasts here: https://roboadvisorcoin.com/bitcoin-according-to-the-robot-will-fly-over-6000-shortly/

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