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Author Topic: everyone says Bitcoin will tank after Gold fork. What if it's opposite?  (Read 720 times)
frankbitcoin
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October 23, 2017, 09:33:28 PM
 #1

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin?  Cool

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October 23, 2017, 09:42:18 PM
 #2

I don't think anything special happens after Bitcoin Gold fork as it didn't happen after Bitcoin Cash fork. Small price fall after huge price rise is normal. But it won't be very much.

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October 23, 2017, 09:45:02 PM
 #3

I don't think anything special happens after Bitcoin Gold fork as it didn't happen after Bitcoin Cash fork. Small price fall after huge price rise is normal. But it won't be very much.

I am 100% agree  with you
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October 23, 2017, 09:49:46 PM
 #4

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin?  Cool

They were selling alts or buying with fiat to keep more BTC before the fork, claim more BTG, and immediately selling them to BTC. It's unlikely that they will keep it all as BTC, I'm sure most people will spread it again on other coins. But I don't think the post-fork situation will affect Bitcoin price that much, what will happen to Bitcoin price is it won't tank or skyrocket, just bouncing around $6K before making a new run.

   

 
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October 23, 2017, 10:02:53 PM
 #5

I agree that nothing special with the bitcoin course after the gold fork will occur. It will for some time then go up and down, and then it will be corrected somewhere at a price slightly below 6,000 dollars. Then, after a while, will begin its further victorious procession.

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October 23, 2017, 10:05:05 PM
 #6

I don't think anything special happens after Bitcoin Gold fork as it didn't happen after Bitcoin Cash fork. Small price fall after huge price rise is normal. But it won't be very much.

If I'm not mistaken, didn't bitcoin go up about 60% in value after bitcoin cash fork?

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October 23, 2017, 10:07:38 PM
 #7

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin?  Cool
Well, that would be great. Bitcoin price will still rise and the $10k area will be more possible by the end of the year. But, as good as it sounds, there's a very high chance that BTC will indeed tank after the Bitcoin gold fork. We can say that it is just a cycle that we witnessed many times over the past years. BTC tanks and consolidate after a great run. Nothing new about it.

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October 23, 2017, 10:24:31 PM
 #8

People realize the coins won't be dropped for at least a week, perhaps longer, right? BTG can't be sold post-snapshot unless you are selling your rights using futures.
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October 23, 2017, 11:39:55 PM
 #9

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin?  Cool

Here's are three possible scenario's that I can think of during the fork:

[1] dump their bitcoin gold immediately and buy more bitcoins. - Resulting on bitcoin price not tanking and even go higher.
[2] hold on their bitcoin gold - bitcoin price will tank a few percentage
[3] dump their bitcoin gold and go back to altcoin - bitcoin price will tank but altcoin market will flourish after the bloodshed.

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October 24, 2017, 03:35:46 AM
 #10

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin?  Cool
Of course, people would be more interested in buying more bitcoin than bitcoin gold. maybe, bitcoin gold will not be like bitcoin cash can even be so bitcoin gold price is much smaller than bitcoin cash. I just try to think as simple as possible.

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October 24, 2017, 04:18:28 AM
 #11

well if you look at the bitcoin price you can see that bitcoin price did indeed "tank" after the bitcoin gold "snapshot of bitcoin blockchain". but the things to remember is that these "tanks" are never as big as everyone says. it was just a small one (about 8%) and that was it. we are still at a very decent price.

in fact drops like these are good to buy more bitcoin and make some profit. you sell on top before the BTG fork and then wait 2 days to see it through and buy back more bitcoin that you have sold.

Buying the dip...
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October 24, 2017, 04:31:55 AM
 #12

well if you look at the bitcoin price you can see that bitcoin price did indeed "tank" after the bitcoin gold "snapshot of bitcoin blockchain". but the things to remember is that these "tanks" are never as big as everyone says. it was just a small one (about 8%) and that was it. we are still at a very decent price.

in fact drops like these are good to buy more bitcoin and make some profit. you sell on top before the BTG fork and then wait 2 days to see it through and buy back more bitcoin that you have sold.

It could also be a good strategy seeing now the price is still low before the activation of btc gold. Most traders are now finding and storing btc to a good wallet or exchange site to preserve their bitcoin for the new bitcoin gold. Indeed the price might just 8% but that is already a good price profit for traders. It is not even easy to predict if the price will go any lower but it is better to buy now than later.
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October 24, 2017, 04:38:10 AM
 #13

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin?  Cool

Prior and after fork, prices hardly rise they always remain in a fluctuations mode, so don't expect a major price hike, as for bgold is considered not many want it, the only thing they want is free coin, it's a shit alt coin, and it won't be any good, prices shall rise depending on the next fork segwit2x that's more important than anything else. As of now it's only hope that the coin goes up and up other wise it looks bleak for now. Fork are never good, unless there's a consensus achieved

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October 24, 2017, 05:44:19 AM
 #14

If something happens opposite to it too, nothing to worry. It's all about the technology, and the real fact is that it once again grows or recovers the decreased price. Users should know this, but majority of them get into panic and tends to move the holding to some other form of altcoins. When they find the growth once again feels bad of missing the chance.

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Skyborn
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October 24, 2017, 05:53:58 AM
 #15

Since the bitcoin gold fork has finally taken place we're seeing a slight drop in the price and a small spike in the altcoin prices. This confirms our theory of investors wanting to take advantage of the fork and than go back to altcoins. However the drop is nothing huge like the China drop but still noticeable.
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October 24, 2017, 05:55:56 AM
 #16

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin?  Cool

Prior and after fork, prices hardly rise they always remain in a fluctuations mode, so don't expect a major price hike, as for bgold is considered not many want it, the only thing they want is free coin, it's a shit alt coin, and it won't be any good, prices shall rise depending on the next fork segwit2x that's more important than anything else. As of now it's only hope that the coin goes up and up other wise it looks bleak for now. Fork are never good, unless there's a consensus achieved

Ofcourse people will avail the hype brought by this coin and since its new many people will keep after with it  just what happen when bitcoin cash came on the ecosystem. So we cannot expect really on high rise since the hype is just started and I expect that the rise will came after the bitcoin gold mania became cold as ice since people will cameback to grab some btc.

bubblebit
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October 24, 2017, 06:08:21 AM
 #17

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin?  Cool

Much likely to be the trend than bitcoin dumping. I do Agree. Bitcoin gold having no high significant value and when available, the selling will began right after the fork. Bitcoin investors will invest again for the next fork that is coming this November the segwit2x. Because in the first place why do they invest in altcoin when they can invest in bitcoin with sure profit and have same fork coin that is free and may profitable the same way that most alternative currency is.

In practical sense, I will hold still my bitcoin and sold my bitcoin gold and buy more btc.
Leonard2016
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October 24, 2017, 06:13:28 AM
 #18

i come back here to see what is happening and i see all the "bitcoin tanks", "price is dropping",... topics and i am like what the hell are these people even talking about Cheesy

last i remember price was 3 thousand something and was struggling to go back to $4k+ and now it is $5500-$5700

i don't know about all these other people but that is a big rise in my books...

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October 24, 2017, 09:22:03 AM
 #19

I think the big majority of users knows what it is about this BTG and most of them will sell the first time it is possible.It is hard to believe that BTG may be something more or less then BCH,just one more altcoin for quick profit.So we can expect that users will dump BTG and buy BTC or maybe some altcoins and this means that new money will couse price increase of BTC.Also there is another fork and another opportunity for extra earnings very soon,so in general free coins are coming and how much you will be profit depends on how much BTC you have at moment of forks.

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jtipt
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October 24, 2017, 09:34:54 AM
 #20

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin?  Cool
I know that I will do that. Many more BTC enthusiasts will also do this, really support for BTG is very less.
But the price dump all the people are talking about is not being caused because of people dumping BTC for BTG, it is rather because people had bought BTC to get free BTG that's what caused the price hike in first place, so some people who don't want to hold BTC they will sell right after the fork causing the price to tank.
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