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Question: Will BCC increase BTC price?
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Author Topic: Will BCG increase BTC price? ???  (Read 646 times)
KRISTYHYY
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October 23, 2017, 04:46:44 PM
 #1

The Bitcoin gold(BTG) will forks at block officially in less than 11 hours while the price of Bitcoin(BTC) has been dropping to USD5689 the most recent lowest sell price.

what do you think about the impact of Bitcoin gold(BTG) impact on the price of Bitcoin(BTC)? taking into account the amount of Bitcoin gold(BTG) will be credited corresponding to the amount of holding Bitcoin(BTC)?
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October 23, 2017, 04:50:41 PM
 #2

The Bitcoin gold(BTG) will forks at block officially in less than 11 hours while the price of Bitcoin(BTC) has been dropping to USD5689 the most recent lowest sell price.

what do you think about the impact of Bitcoin gold(BTG) impact on the price of Bitcoin(BTC)? taking into account the amount of Bitcoin gold(BTG) will be credited corresponding to the amount of holding Bitcoin(BTC)?


Not even small dump or bumps happens because of the upcoming hard fork. Since coin splitting from the bitcoin everyone will think that bitcoin price will drop at 200 USD in the chart. If you search the about the last time fork in August 1st you may have a clear view about the segwit and hard fork effect.
Simply have your bitcoin in the wallet where you can get the BTG rewards for your bitcoin savings.

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October 23, 2017, 05:48:05 PM
 #3

The Bitcoin gold(BTG) will forks at block officially in less than 11 hours while the price of Bitcoin(BTC) has been dropping to USD5689 the most recent lowest sell price.

what do you think about the impact of Bitcoin gold(BTG) impact on the price of Bitcoin(BTC)? taking into account the amount of Bitcoin gold(BTG) will be credited corresponding to the amount of holding Bitcoin(BTC)?


Not even small dump or bumps happens because of the upcoming hard fork. Since coin splitting from the bitcoin everyone will think that bitcoin price will drop at 200 USD in the chart. If you search the about the last time fork in August 1st you may have a clear view about the segwit and hard fork effect.
Simply have your bitcoin in the wallet where you can get the BTG rewards for your bitcoin savings.

everyone will think that bitcoin price will drop at 200usd ? are I reading it ?
so what do u think Bitcoin gold influence bitcoin price?
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October 23, 2017, 06:18:37 PM
 #4

I am not sure if bitcoin gold will drop the price, people might actually start to dump some bitcoin after this fork to get a hold on some altcoins while thery are cheaper. I personally expected bitcoin to be at a higher price coming close to the fork because people would have start buying it...guess i was wrong.

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October 23, 2017, 06:22:14 PM
 #5

I hope it will increase the BTC price as I'm still holding a lil bit of bitcoin. So at least I can gain before I encash it in my fiat currency.  Grin

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October 23, 2017, 06:27:13 PM
 #6

Hahahaha...
People got used to all this fork news, I see no reaction.
Just last profit taking by sharks and fund managers when price was over $6K.

Every new "currency" clone of BTC, will be valued lower than Bitcoin Cash.
What is sensible reason for this Bitcoin Gold to exist, except for the sake of speculation?

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MissionPhailed
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October 23, 2017, 06:28:44 PM
 #7

Value of Bitcoin might drop a bit but probably nothing too spectacular. Chances are you'll barely notice it on graphs. If prices indeed begin to nosedive, the cause will most likely be a 'regular' sell-off after the giant peak we're experiencing currently. Altcoins could recover a bit in the coming weeks, but the market is so treacherous these days I wouldn't bet on it.
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October 23, 2017, 06:29:24 PM
 #8

I am not sure if bitcoin gold will drop the price, people might actually start to dump some bitcoin after this fork to get a hold on some altcoins while thery are cheaper.
I agree with this, people have bought BTC in order to receive 'free' money and as soon as the block 491407 is encountered, they will move their money back.
I do not think the change in price will be anything enormous but for sure not a bad moment to buy more! ~10 hours left
uszaty43
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October 23, 2017, 10:15:03 PM
 #9

Bitcoin gold is just an speculation coin, i dont see any good usage for it more than dumping them for fiat money, or just to invest more money on altcoins or even buy more bitcoins.
If people buy more bitcoins with that money, then obviously that bitcoin price will go up, there is no doubt with it, of course, but i dont think that it will affect a lot, because we all are expecting to receive those coins only to dump them as soon as possible.

joinfree
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October 23, 2017, 10:57:09 PM
 #10

I dont think that it will affect the price because bitcoingold is already inside bitcoin, but we should see how does the people react about bitcoingold. but i dont expect to see a new rise over bitcoin at least for one or two weeks from now, it has been rising a lot, and it diserves to rest for a while.
But bitcoingold is so strange, i dont know what to expect from the price, a lot of people are saying that it is already listed on yobit for more than $450 each, i dont know.



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TagaMungkahi
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October 24, 2017, 03:36:48 AM
 #11

I don't think so, as i have read, BTG's developer is not known and they will have premine coins before issuing the BTG/BCG. The price might be low for trades, let's continue on observing the BTC price changes because as of now it's still unpredictable and this BTG Developers smells like scam for me.

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October 24, 2017, 03:57:33 AM
 #12

I think for short term I expect some correction in btc prices but in the long run, BTC prices will higher than current prices.
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October 24, 2017, 04:21:23 AM
 #13

The Bitcoin gold(BTG) will forks at block officially in less than 11 hours while the price of Bitcoin(BTC) has been dropping to USD5689 the most recent lowest sell price.

what do you think about the impact of Bitcoin gold(BTG) impact on the price of Bitcoin(BTC)? taking into account the amount of Bitcoin gold(BTG) will be credited corresponding to the amount of holding Bitcoin(BTC)?


I know that this decreases now is not due to bitcoin Gold as this will never affect on bitcoin price. It is maybe major investors that never want to support bitcoin gold that is why they’re selling they’re bitcoin before the forking. Many have than this and that to discredit this king of free money and endangering bitcoin itself.
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October 24, 2017, 06:24:56 AM
 #14

The Bitcoin gold(BTG) will forks at block officially in less than 11 hours while the price of Bitcoin(BTC) has been dropping to USD5689 the most recent lowest sell price.

what do you think about the impact of Bitcoin gold(BTG) impact on the price of Bitcoin(BTC)? taking into account the amount of Bitcoin gold(BTG) will be credited corresponding to the amount of holding Bitcoin(BTC)?


I know that this decreases now is not due to bitcoin Gold as this will never affect on bitcoin price. It is maybe major investors that never want to support bitcoin gold that is why they’re selling they’re bitcoin before the forking. Many have than this and that to discredit this king of free money and endangering bitcoin itself.

Dumping of btcg is normal thing since many people speculates that scenario will came since many btcg receiver are unsure on what is the used of that coin and maybe same as bch this coin would pump a little bit but in the long run the dump will came but not as bad but maybe it will became more stable just like the other fork coins of btc. And i never see any endangered things on bitcoins for this since even if bitcoins will dump a little bit there will be a pump follow since those seller will buy back since they already gain some profits from those dump and with the bitcoin gold.

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October 24, 2017, 06:27:21 AM
 #15

The Bitcoin gold(BTG) will forks at block officially in less than 11 hours while the price of Bitcoin(BTC) has been dropping to USD5689 the most recent lowest sell price.

what do you think about the impact of Bitcoin gold(BTG) impact on the price of Bitcoin(BTC)? taking into account the amount of Bitcoin gold(BTG) will be credited corresponding to the amount of holding Bitcoin(BTC)?


I know that this decreases now is not due to bitcoin Gold as this will never affect on bitcoin price. It is maybe major investors that never want to support bitcoin gold that is why they’re selling they’re bitcoin before the forking. Many have than this and that to discredit this king of free money and endangering bitcoin itself.

Dumping of btcg is normal thing since many people speculates that scenario will came since many btcg receiver are unsure on what is the used of that coin and maybe same as bch this coin would pump a little bit but in the long run the dump will came but not as bad but maybe it will became more stable just like the other fork coins of btc. And i never see any endangered things on bitcoins for this since even if bitcoins will dump a little bit there will be a pump follow since those seller will buy back since they already gain some profits from those dump and with the bitcoin gold.

For now, Since many exchange and wallets didn't support holding of BTG, The price will be stable at the current price, But maybe next month, Expect dump hard for BTG price because many users that get it for free will rush to sell it while it's price still high.

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Herbert2020
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October 24, 2017, 06:41:53 AM
 #16

The Bitcoin gold(BTG) will forks at block officially in less than 11 hours while the price of Bitcoin(BTC) has been dropping to USD5689 the most recent lowest sell price.

what do you think about the impact of Bitcoin gold(BTG) impact on the price of Bitcoin(BTC)? taking into account the amount of Bitcoin gold(BTG) will be credited corresponding to the amount of holding Bitcoin(BTC)?


I know that this decreases now is not due to bitcoin Gold as this will never affect on bitcoin price. It is maybe major investors that never want to support bitcoin gold that is why they’re selling they’re bitcoin before the forking. Many have than this and that to discredit this king of free money and endangering bitcoin itself.

Dumping of btcg is normal thing since many people speculates that scenario will came since many btcg receiver are unsure on what is the used of that coin and maybe same as bch this coin would pump a little bit but in the long run the dump will came but not as bad but maybe it will became more stable just like the other fork coins of btc. And i never see any endangered things on bitcoins for this since even if bitcoins will dump a little bit there will be a pump follow since those seller will buy back since they already gain some profits from those dump and with the bitcoin gold.

any altcoin that "gives away free coins" has the same fate without exception:
- some people sell immediately after they receive their free coins
- some wait and dump at the best price
these two groups determine initial price of the coin. but after the dumping is done and everyone was out of free coins the real price starts showing up and it becomes stable and that is when the pumpers start their work on it.

for bitcoin gold the first step is nearly done and price is around 0.075BTC-0.095BTC after all the dumps.

but there is a second step because the blockchain and mining is not ready yet and so far the dump was from traders who help their coins on exchanges which are a great part of the total anyways. so the worst dump is nearly behind us if you ask me.

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Kyraishi
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Bountie- Do You Have Game?


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October 24, 2017, 06:53:14 AM
 #17

The Bitcoin gold(BTG) will forks at block officially in less than 11 hours while the price of Bitcoin(BTC) has been dropping to USD5689 the most recent lowest sell price.

what do you think about the impact of Bitcoin gold(BTG) impact on the price of Bitcoin(BTC)? taking into account the amount of Bitcoin gold(BTG) will be credited corresponding to the amount of holding Bitcoin(BTC)?


Once BCG actually gets forked from bitcoin i can see bitcoin price rising.

Right now is the period before a fork where people panic dump bitcoin, for no apparently reason. We've seen this with Bitcoin Cash fork back in 1st August, before the fork there was some small dumps but after the fork, people started buying bitcoin once again and pumping the price up.

After the fork, we'll reach $6.5k i think.

coin@coin
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October 24, 2017, 06:54:53 AM
 #18


any altcoin that "gives away free coins" has the same fate without exception:
- some people sell immediately after they receive their free coins
- some wait and dump at the best price


Enough said, couldn't agree more. Price of BTC has been going up steadily this year, and all forks start from BTC if any of the others had any value they would fork the alts right?
ASHLIUSZ
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Shipchain


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October 24, 2017, 10:02:05 AM
 #19

I'm not sure about the reality that's gonna take place soon. I believe that there will be a price drop and bitcoin gold will be in bump for a small time same as that happened with bitcoin cash. Once after that the value of bitcoin will move forward crossing the barrier price that have been expected to be crossed long ago.


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olivierc
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October 24, 2017, 10:06:27 AM
 #20

BCG will be a very minor altcoin, because they have shitty communication, blurry fork method, no code published, pre-mined coins, no support from exchange ...

 Impact was a small decrease of bitcoin price at the fork-snapshot, then everything has been corrected.

When possible to dump these coins, they will value nothing, so there will be no increase of bitcoin price.
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