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Author Topic: Will we see all altcoins red when Segwit2x will be near ?  (Read 978 times)
SensiG (OP)
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October 24, 2017, 08:52:54 PM
 #1

How do you think guys ? It will happend again ?
ROT13
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October 24, 2017, 09:07:55 PM
 #2

There will be a pull back no doubt, but in light of the lack of support that is emerging and the way bitcoin gold played out it's highly questionable whether it will be significant.
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October 24, 2017, 09:22:05 PM
 #3

How do you think guys ? It will happend again ?

In my opinion : Altcoins become red because Btc is going up (not only Alts value in Btc but also Alt value in Usd). Btc is going up before a fork because people want to get free tokens from the fork.So they sell Alts for Btc temporarily. So if there is a slight chance of a new token that will be tradable just after the fork, then yes probably Alts will again temporarily become red again because of the fork.
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October 24, 2017, 09:33:12 PM
 #4

Bitcoin needs a correction. The upward trend of the last week was much to steep nobody thought Bitcoin would reach the 6000$ mark so fast not even the 5000$ mark. It needs some room to breath again if we don't want to end up in a "fork-bubble". I hope this will happen before the 2x fork because if the price bumps further if fear that the market wil crash once again. And the road for Altcoins will even be more uncertain as for Bitcoin.

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October 24, 2017, 10:07:14 PM
 #5

If they are going to give free coins for free, then of course, it will happen the same as it happened a few weeks ago when bitcoin gold showed up, everybody was buying bitcoins like crazy only to took advantage of the situation and receive free bitcoin gold.
But if they dont, then the altcoin market will remain intact.. I can not remember those days when bitcoin wasn't walking through a path full of forks...
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October 24, 2017, 10:11:02 PM
 #6

Probably after Segwit2x gets implemented. The pullsbacks during the last two forks seemed to have occured due to the Bitcoin Cash and Bitcoin Gold snapshots... The Segwit2x fork doesn't have this kind of appeal to it. So Bitcoin might end up falling until the fork and then climbing either right after or briefly before the fork.

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October 24, 2017, 10:47:14 PM
 #7

How do you think guys ? It will happend again ?
Yes that's true. because a lot of people are try to take the moment about the pump of the bitcoin before the hardfork of segwit 2x. Like what already happened with bitcoin at the bitcoin cash or segwit hardfork and that gives a lot of the exmaple about the fact bitcoin is really bullish at that moment.
Altcoin gets red maybe in the next days. you may need to put your buy order at the lower price for altcoin.

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October 24, 2017, 10:58:02 PM
 #8

Assuming Coinbase is going to support B2X, I expect a steep rise in BTC before taking a break
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October 24, 2017, 11:09:12 PM
 #9

What happened before Bitcoin Cash fork and Bitcoin Gold fork will happen again before Bitcoin Segwit2x fork. Anyone wants to have Bitcoin Segwit2x as much as possible.
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October 24, 2017, 11:16:22 PM
 #10

What happened before Bitcoin Cash fork and Bitcoin Gold fork will happen again before Bitcoin Segwit2x fork. Anyone wants to have Bitcoin Segwit2x as much as possible.
I personally don't care about any of the forked "Bitcoins". Wasn't even aware of anyone mentioning the Segwit2x fork either and I haven't read about any exchanges crediting it yet.

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October 25, 2017, 03:39:44 AM
 #11

If users pushed bitcoin to have bitgold free, imagine what can happen with segwit2x fork.
Bitgold is a joke compared to segwit2x; the latter is very dangerous and with fake actors in the game, they might decide to attack and destroy from inside the bitcoin core ... in fact let's not forget that segwit2x does not yet have replay protection, so it can happen to everything.

I expect a steep rise in bitcoin prices up to the fork and a sharp downturn of all the altcoin
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October 25, 2017, 05:52:14 AM
 #12

What happened before Bitcoin Cash fork and Bitcoin Gold fork will happen again before Bitcoin Segwit2x fork. Anyone wants to have Bitcoin Segwit2x as much as possible.
I personally don't care about any of the forked "Bitcoins". Wasn't even aware of anyone mentioning the Segwit2x fork either and I haven't read about any exchanges crediting it yet.

Coinbase said they will credit it. I don't see any other exchange yet.

https://blog.coinbase.com/timeline-and-support-bitcoin-segwit2x-and-bitcoin-gold-eda72525efd

quote from article

"Any customer with a BTC balance on Coinbase at the time of the fork will be credited with an equal amount of the B2X asset on the Bitcoin2x blockchain. No action is required — we will automatically credit your account. So, if you have 5 BTC stored on Coinbase before the fork; you will have 5 BTC and 5 B2X following the event."

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October 25, 2017, 07:06:36 AM
 #13

I think November and early Dec will be volatile for both, BTC and alts. It you're thinking of investing in alts, I'd spread out my bids and slowly buy in, there's just no way for us to predict the market. Good advice, imo, here:

https://www.reddit.com/r/BitcoinMarkets/comments/77twjx/why_the_debate_about_blocksize_is_irrelevent_and/
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October 25, 2017, 07:51:18 AM
 #14

What happened before Bitcoin Cash fork and Bitcoin Gold fork will happen again before Bitcoin Segwit2x fork. Anyone wants to have Bitcoin Segwit2x as much as possible.
I personally don't care about any of the forked "Bitcoins". Wasn't even aware of anyone mentioning the Segwit2x fork either and I haven't read about any exchanges crediting it yet.

Coinbase said they will credit it. I don't see any other exchange yet.

https://blog.coinbase.com/timeline-and-support-bitcoin-segwit2x-and-bitcoin-gold-eda72525efd

quote from article

"Any customer with a BTC balance on Coinbase at the time of the fork will be credited with an equal amount of the B2X asset on the Bitcoin2x blockchain. No action is required — we will automatically credit your account. So, if you have 5 BTC stored on Coinbase before the fork; you will have 5 BTC and 5 B2X following the event."

I am also waiting on the announcements of the major exchanges to see if they will support the segwit 2x fork. Freebitco.in will support B2X with a 1 to 1 ratio.
Anyway I think same scenario will happen regarding the price, before the fork  the price of bitcoin will go up and price of altcoins will go down as everybody will want their free coins.



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Rainbot
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Cnut237
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October 25, 2017, 08:11:08 AM
 #15

How do you think guys ? It will happend again ?

I think there will be a whole market drop. The question is how much will it drop? There is a lot of uncertainty around Segwit2x, and it is often uncertainty that causes prices to start falling. I don't have an answer to how much it will fall, but I'm watching carefully.






Capeshifter
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October 25, 2017, 11:40:48 AM
 #16

This back and forth swing is really bad for the markets.. really. It's a reason why do many think the crypto space overall is overhyped, and they are correct. If people jump from one coin to another just for the sake of making money, without caring about the value of these coins or what they have to offer, then of course the markets will be volatile and unpredictable. And it's always the same patters - BTC forks, therefore everyone jumps to Alts, and when the fork is complete everyone jumps back to BTC. I doubt anyone can make easily money out of this, the stress involved on whether this actually will go through and that value will follow these forks is really arbitrarily. Investors should focus on real value, and not perceived value, or short term gains. The crypto space will grow so much within the next years that people will be banging their heads for not holding some of the tokens they sold a month ago.
suncokreten
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October 25, 2017, 08:27:16 PM
 #17

This back and forth swing is really bad for the markets.. really. It's a reason why do many think the crypto space overall is overhyped, and they are correct. If people jump from one coin to another just for the sake of making money, without caring about the value of these coins or what they have to offer, then of course the markets will be volatile and unpredictable. And it's always the same patters - BTC forks, therefore everyone jumps to Alts, and when the fork is complete everyone jumps back to BTC. I doubt anyone can make easily money out of this, the stress involved on whether this actually will go through and that value will follow these forks is really arbitrarily. Investors should focus on real value, and not perceived value, or short term gains. The crypto space will grow so much within the next years that people will be banging their heads for not holding some of the tokens they sold a month ago.

It's called speculating and this is what all of trading markets including stock markets are based on.

Do you think stock investors care what an underlying company has to offer? All they really care is for the price to go up for them to earn money, and if they see company is underperforming, they will transfer their investment into another one.
burdeN
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October 25, 2017, 08:44:58 PM
 #18

Same will happen, but I think bitcoin will drop heavier because now it's supported with the money of those, who wait for the next fork.
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October 25, 2017, 08:53:54 PM
 #19

This back and forth swing is really bad for the markets.. really. It's a reason why do many think the crypto space overall is overhyped, and they are correct. If people jump from one coin to another just for the sake of making money, without caring about the value of these coins or what they have to offer, then of course the markets will be volatile and unpredictable. And it's always the same patters - BTC forks, therefore everyone jumps to Alts, and when the fork is complete everyone jumps back to BTC. I doubt anyone can make easily money out of this, the stress involved on whether this actually will go through and that value will follow these forks is really arbitrarily. Investors should focus on real value, and not perceived value, or short term gains. The crypto space will grow so much within the next years that people will be banging their heads for not holding some of the tokens they sold a month ago.

It's called speculating and this is what all of trading markets including stock markets are based on.

Do you think stock investors care what an underlying company has to offer? All they really care is for the price to go up for them to earn money, and if they see company is underperforming, they will transfer their investment into another one.

I'd recommend you have a read of 'The Warren Buffett Way' by Robert Hagstrom. He is possibly the most successful investor in history, and I think that in his view, there is nothing speculative about the stock market, if you do your due diligence. I think he would argue that what the underlying company has to offer is the most important aspect of an investment decision, and the share price matters very little, if the price you paid is less than what you expect the value of the business to be in the future.  
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October 25, 2017, 08:58:51 PM
 #20

http://klokmork.com/projects/live-segwit2x-countdown-timer-with-block-data.html

Segwit2X timer. It's like November 11th. It depends on the time of finding the block.
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