Insta dump after BTG Block Snapshot?

[puremage111]

As we know, Bitcoin Gold will take place in Block 491,407 which will mostly occur at October 24, 3am PT (10am UTC)

Since the snapshot occur, you will get BTG and can we expect an instant dump of Bitcoin?

IMO this BTG event is part of the reason of the recent Bitcoin price surge

[Dutchyyy]

As we know, Bitcoin Gold will take place in Block 491,407 which will mostly occur at October 24, 3am PT (10am UTC)

Since the snapshot occur, you will get BTG and can we expect an instant dump of Bitcoin?

IMO this BTG event is part of the reason of the recent Bitcoin price surge

Yes, that's exactly my plan.
4-5% for free is better than nothing and I don't believe that BTG have real future.

[SM23031997]

Yup, I'm also going to dump some of them after that fork. Most of the buy is because of that fork people are looking to earn some extra cash from it as you get two coins at the price of one. We can only Hope massive dumping doesn't happen after that and bitcoin price remains there after the fork.

[mummybtc]

There will be likely some correction, but I don't think BTC whales are taking BCG rely serious, I believe the focus is on November fork, Segwit2x. If BCG become successful and trade above 0.005BTC expect Bitcoin fork to be the new ICO mania

[puremage111]

Yup, I'm also going to dump some of them after that fork. Most of the buy is because of that fork people are looking to earn some extra cash from it as you get two coins at the price of one. We can only Hope massive dumping doesn't happen after that and bitcoin price remains there after the fork.

Yeah, it seems to be some dump

I am thinking to short BTC once after the Block Snapshot

It might be a good shot there

[linkybit]

I am seeing a good correction after the fork, probably 10%-15%.

[thangoffshore]

I am seeing a good correction after the fork, probably 10%-15%.

It's happening on Trex.

Be prepared gents, alts prices are about to exploding.

[ChiNgadOr]

I am seeing a good correction after the fork, probably 10%-15%.

only.. i expect a wave of panic.. correction >25% and back to 4500$

[btct22]

More like a flood of investments back in to undervalued Alts..  Like PIVX and CRAVE 

[jamesqy]

I've already sold my free BTG at 0.05, easy money haha

[Seansky]

Yeah, it seems to be some dump

I am thinking to short BTC once after the Block Snapshot

It might be a good shot there

Shorting btc after fork is really a good idea to get free btg as well as to sell your btc with a better gain when compared to dumping now. Just remember to sell it faster than others, for sure a correction will occur by the time BTG fork is done and is distributed to users holding btc now. It is also a wise move to short some btc now to secure profits, there is a lot of uncertainty with btc price movements right now and we does not know when crypto winter will come.

[Dutchyyy]

As we know, Bitcoin Gold will take place in Block 491,407 which will mostly occur at October 24, 3am PT (10am UTC)

Since the snapshot occur, you will get BTG and can we expect an instant dump of Bitcoin?

IMO this BTG event is part of the reason of the recent Bitcoin price surge

Yes, that's exactly my plan.
4-5% for free is better than nothing and I don't believe that BTG have real future.

Already dumped mine I was fortunate enough to have it in YoBIT - the highest price around. I will count as free lunch to compensate the bitcoin decline in past 24 hours.

[naidray]

There will be likely some correction, but I don't think BTC whales are taking BCG rely serious, I believe the focus is on November fork, Segwit2x. If BCG become successful and trade above 0.005BTC expect Bitcoin fork to be the new ICO mania

You are right! Not just the whales, even the whole community never took BTG seriously. However, that does not mean the whale will not dump the BTG at the slightest chance they end up having hopefully for bitcoin before the next fork. I guess we just have to see how everything turns out eventually.

[ivanst776]

As we know, Bitcoin Gold will take place in Block 491,407 which will mostly occur at October 24, 3am PT (10am UTC)

Since the snapshot occur, you will get BTG and can we expect an instant dump of Bitcoin?

IMO this BTG event is part of the reason of the recent Bitcoin price surge

I am really not expecting a huge dump of BTC even though the rise is as a result of the fork that just passed.
I feel the BTG will end up being dumped pretty bad instead if the chance surfaces and pushed more into altcoins to be able to get the dips. However, now it seems bitcoin price is still very much stable and the altcoins are getting pumped already.

Hence, I feel it now like, dump bitcoin to buy quickly at the dip since the fork is over, sell for profit, dump BTG for BTC once it comes and then win-win. Eventually, BTC will still end up pumped back.

[Endikadija]

As we know, Bitcoin Gold will take place in Block 491,407 which will mostly occur at October 24, 3am PT (10am UTC)

Since the snapshot occur, you will get BTG and can we expect an instant dump of Bitcoin?

IMO this BTG event is part of the reason of the recent Bitcoin price surge

THat's true because that makes or just forced those are wanna earning the bitcoin gold to buy the bitcoin, but as you can see the bitcoin price already jumped back again below 6k. i may think another whype come asap

[Ponylon]

You think BTC will be dumped and not BTC Gold? I think it's will be vice versa, when Gold hits the streets everyone will sell, but I might be wrong of course. Because as we've learned form history, previous forks which we believed would not "make it", actually had a quite good run until now, such as BTC Cash. It's market cap is at about 6 billion right now which makes it quite attractive (even though I don't believe it's sustainable in the long term), there will be so many forks, that people will start realizing that all of them are just copies of the original, and will eventually go back to BTC. We have another fork coming up by the way, x2 which will create another coin, so that something to consider as well. Just because the forks are happening doesn't mean that something substantial is introduced in the market, most of these coins could be much easier "recreated" and re-launched as ERC20 tokens for example, which makes them kinda.. useless.