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Author Topic: everyone says Bitcoin will tank after Gold fork. What if it's opposite?  (Read 717 times)
Opquar
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October 24, 2017, 09:36:09 AM
 #21

Tank is a little too strong a term. We're doing fine atm. It did drop a bit, but it shouldn't drop significant amounts in the coming days. I'd be more worried about segwit2x.
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October 24, 2017, 09:52:25 AM
 #22

So that's it, the fall happened & has already stabilized. Funny that it dropped more or less the same value of the BTG, so there's no winner.
I was expecting at least a little panic fall.
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October 24, 2017, 02:53:33 PM
 #23

There is a possibility that Bitcoin won't tank as now Segwit2x fork is lined up which will give another airdrop coin. People might stay in Bitcoin till then. But the major chances is of price drop only as Altcoins are available at very perfect price right now and most of the top altcoins can easily go 2x from here that too in some weeks. This is the best time to double up your Bitcoins. So, I think there will be a price drop and then again Bitcoin will be bullish before Segwit2x if there will be enough support.

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October 24, 2017, 03:15:28 PM
 #24

So that's it, the fall happened & has already stabilized. Funny that it dropped more or less the same value of the BTG, so there's no winner.
I was expecting at least a little panic fall.
we had a fork few months back, people learned how it works. there is no real drama around gold fork, s2x will be little bit different if it actually goes through, because it looks like it might not in the end.
In any case the correction already took place and even though we are on a downtrend now it should turn around within a week. I wouldn't expect it to be longer as people will buy btc in preparation of s2x for in mid november... 
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October 25, 2017, 11:55:15 AM
 #25

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.
I think the current hard fork that will happen exactly the same in segwit2x in august ago, the occurrence of gold bitcoin will not make many people interested to buy a lot of coins because the price increase will not increase to increase longer and the price is not easy to change, things it is very influential on the supply and demand market. even after that the price will be more balanced just like a stable bitcoincash can not rise higher in price.

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October 25, 2017, 12:35:27 PM
 #26

what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin?  Cool
What we're going to see after the fork is exactly what you just mentioned. We've seen the same situation with Bitcoin Cash, people were trying to claim their free BCC just so they can sell it for more BTC. Bitcoin Gold has no future, so the right move would be to keep the majority of your coins in BTC, and the rest in other alt coins.
Bitcoin won't be affected by this fork, at least not by a large margin as many people predicted (price right now is 5491$). But don't expect a sudden surge in the price in the next few days. Give it a week or two.

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October 25, 2017, 12:44:51 PM
 #27

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

Your speaking about reality and that is not predictions. Then those who think about holding bitcoin Gold is making themselves risky to be left behind by the truth. Bitcoin be worth to risk but not a copycat bitcoin fork free coin. It will happen sooner as the free coin can be sold ASAP.

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October 25, 2017, 12:59:09 PM
 #28

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.
I think the current hard fork that will happen exactly the same in segwit2x in august ago, the occurrence of gold bitcoin will not make many people interested to buy a lot of coins because the price increase will not increase to increase longer and the price is not easy to change, things it is very influential on the supply and demand market. even after that the price will be more balanced just like a stable bitcoincash can not rise higher in price.
When the bitcoin gold fork took place the price at the beginning seems to be around $480 and slowly the market value started to go down in value and now it was found around $140. Soon after this the price is expected to tank after a short time, but still the price goes down to $5500. Hope by the upcoming week the price once again starts pumping high.


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