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Author Topic: Bitcoin Price Falls to 5-Day Low Following Fork Currency Creation  (Read 228 times)
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October 24, 2017, 10:34:40 PM
 #1

Bitcoin Price Falls to 5-Day Low Following Fork Currency Creation
https://www.coindesk.com/bitcoin-price-falls-5-day-low-following-fork-currency-creation/

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daily low of $5,560

if you're looking for a culprit for the dip, industry observers are so far pointing to the creation of bitcoin gold yesterday.

Is the pullback over?

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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October 24, 2017, 10:46:13 PM
 #2

Bitcoin Price Falls to 5-Day Low Following Fork Currency Creation
https://www.coindesk.com/bitcoin-price-falls-5-day-low-following-fork-currency-creation/

Quote
daily low of $5,560

if you're looking for a culprit for the dip, industry observers are so far pointing to the creation of bitcoin gold yesterday.

Is the pullback over?

I suspect we might see a minor recovery in BTC price but then the slide will continue for a few days, I suspect 5k could be breached by the end of the week.

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October 25, 2017, 12:08:13 AM
 #3

It was obvious that this would happen.

1. Everybody buys Bitcoin and trade every kind of alt to BTC so they can earn the free fork airdrop.
2. After the fork, they rebuy those alts while they are low.
3. Bitcoin price goes down, while Alts go up.

It's actually easy as fu*k to profit with cryptos. I bought NEO yesterday and it's already 10% up.

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