|
romecheo
|
 |
October 25, 2017, 07:10:53 AM |
|
Yes, you got the right idea, whenever there's upcoming Bitcoin fork, the demand for Bitcoin was increasing rapidly, which result to soar price high. One of the most common reason was the opportunity to earn other coin for free.
After the fork, the value of Bitcoin will gradually decrease for few days and will gain price exponentially for a weeks or two.
|
|
|
|
tora
Member
 Offline
Activity: 532
Merit: 13
|
|
October 25, 2017, 07:11:23 AM |
|
Bitcoin surged from circa $800 at this time last year to $6000 this year. It has fallen slightly but is still the largest capital increase of any investment in the last year. It may continue below $6000 for a while but it will recover and break $6000 again.
|
|
|
|
|
|
iamTom123
|
|
October 25, 2017, 07:16:58 AM |
|
I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?
I think it is the other way around...meaning that since the hard fork went smoothly we are now reverting back to the $5,500 level due to decreasing demand for Bitcoin. It should be noted that there was some marked uptick in the Bitcoin demand leading to the October 25 hard fork because we all want to have some free BTG as the result of the hard fork and now that there is no more such an incentive the demand somehow lessened. However, we should not be worrying as this can just be a temporary retreat. Soon Bitcoin can be surging back just like a roller coaster. There is nothing really strange in here but just a normal cycle for Bitcoin. This dip can mean a good opportunity to buy more Bitcoin before it would be climbing back the hill to the moon! |
|
|
|
|
|
chip211
|
|
October 25, 2017, 07:33:42 AM |
|
I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?
Many investors have received bitcoin gold and they start selling bitcoin in large quantities, so market go down dramatically and bitcoin can drop to $ 5000. |
|
|
|
|
|
lili song
|
|
October 25, 2017, 07:36:44 AM |
|
Up and down price is normal, it can be happen to all investment not only bitcoin.
Bitcoin can reach until $ 6,000 for this year is amazing for me.
|
|
|
|
|
|
cryptohome
|
|
October 25, 2017, 07:38:26 AM |
|
Welcome to cryptocurrency  , that is bound to happen and mostly with so much of dumping after the Last night's Forking. Hope you have also seen the massive fall of bitcoin Gold after the fork almost by -400%. |
|
|
|
|
|
ajmapalo22
|
|
October 25, 2017, 07:39:40 AM |
|
This is normal in bitcoin and you must understand that this cycle is part of the market, the fluctuations in bitcoin makes bitcoin the biggest hit in today's history this is why people love investing in bitcoin the sudden drop give them opportunity for investment then the pump give them a promising return like no other. Just enjoy and take opportunity if you can you will soon understand this cycle.
|
|
|
|
|
pugman
Legendary
Offline
Activity: 2383
Merit: 1551
dogs are cute.
|
|
October 25, 2017, 07:46:35 AM |
|
I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?
Bitcoin gold fork is done, it's listed on yobit, binance, bitfinex and hitBTC. Am not sure about other exchanges. Now that people got their free moneythey will now go back to their altcoins and maybe comeback just a few days before the next fork in November. Bitcoin will be around this price only for now. |
|
|
|
|
Murloc
|
|
October 25, 2017, 07:54:00 AM |
|
It can drop even lower. I'm sure it will be 5000$ soon (or even 4500$). That seems like normal correction. I predict the next big pump not sooner that at the beginning of the next year. Just stay calm and hold your bitcoins if you atr not in desperate need of money.
|
|
|
|
|
suvo05
|
|
October 25, 2017, 07:57:35 AM |
|
I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?
That is not because of the upcoming fork that is because of the fork that have just happened yesterday and it was predicted earlier that price would decrease after the fork. And as the next fork segwit2x is only a month away, then there is a possibility of pump again before the upcoming fork. |
|
|
|
Zasluzkar
Newbie
Offline
Activity: 47
Merit: 0
|
|
October 25, 2017, 07:59:32 AM |
|
Bitcoin is falling a little bocause, the moneys go back to alt coins. a lot of people withdro their money from altcoins to get bitcoin gold. now when the fork is over they are bringing back money to altcoiins so the price of Alts is going up btc a little down. I think it will fall to 4,800 and stayed betwen 4800 and 5200 till 5.Now and will go back up around 8.Nov till 18.Nov.
|
|
|
|
|
|
gustaf.berg
|
|
October 25, 2017, 08:04:10 AM |
|
It happened exactly after I bought some btc, I really feel like stupid. I know it will recover but anyway I blame myself for wrong timing.
|
|
|
|
|
|
teilwalL05
|
|
October 25, 2017, 08:05:56 AM |
|
Bitcoin is falling a little bocause, the moneys go back to alt coins. a lot of people withdro their money from altcoins to get bitcoin gold. now when the fork is over they are bringing back money to altcoiins so the price of Alts is going up btc a little down. I think it will fall to 4,800 and stayed betwen 4800 and 5200 till 5.Now and will go back up around 8.Nov till 18.Nov.
They will sure convert their money back to bitcoin now when the Hard Fork Subside, I think it will be safe to bring back bitcoin tomorrow, and I think you can not get free bitcoin gold if you convert your bitcoin to other altcoins or sell your bitcoin you must have an amount on your bitcoin wallet so you can get the exact amount of bitcoin gold as per how much bitcoin you have. |
|
|
|
|
se150401317
Member
Offline
Activity: 60
Merit: 10
|
|
October 25, 2017, 08:07:21 AM |
|
I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?
Yes, I think it could be because of the fork. But it will soon go up again, like it did every time whenever it took a drop this big. |
|
|
|
|
|
Reid
|
|
October 25, 2017, 08:07:42 AM |
|
If it is about the fork then it should be going up.
Last minute changing their altcoins to bitcoin for the airdrop to come.
I dont think that is the reason there may be something behind it.
The fall will just come after the fork and I am sure that will happen dividing investors to where they would want to be and bringing their altcoin back.
|
|
|
|
|
|
btcdepo
|
|
October 25, 2017, 08:08:12 AM |
|
This is just the market's reaction to the 6000USD resistance level. Eventually nothing can keep on growing constantly, it rises and contracts, rises and contracts. that's one of the laws of the nature. so guys, don't worry.
|
|
|
|
willmunte
Member
Offline
Activity: 87
Merit: 100
|
|
October 25, 2017, 08:12:51 AM |
|
I think this will be a good opportunity for investors when bitcoin is sharply reduced. It could rise to $ 6000 in the next few days.
|
|
|
|
|
ckai93
Newbie
Offline
Activity: 27
Merit: 0
|
|
October 25, 2017, 08:14:35 AM |
|
what goes up must come down
yes, the split already happened and people are cashing out any profits from before
and also mind you that we hit the long term resistance line too, so a correction is in order
many technical analysis pointed out that there's a support at around the 5300-5400 level, so don't worry about it
|
|
|
|
|
harizen
Legendary
Offline
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
|
|
October 25, 2017, 08:16:12 AM |
|
I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?
Since the price breached 4 digits, it's somehow normal and not alarming if the price went down for up to $500 margin. Just take note of it's increase rather than the margin of dip. Also if you are newbie to this kind of price movement, always expect that a continous uptrend will be spoiled anytime. There is a thing called resistance, support and correction price and you might want to take note of that. Upcoming fork related thing can be one of the reason but that isn't a major one. This is how market moves so better always be ready. |
|
|
|
|
fiulpro
|
|
October 25, 2017, 08:21:12 AM |
|
Hello Well forks are always weird for people , they think that their bitcoin wallet may be at risk because there are some wallets out in the market that are going to convert all your bitcoins into some alternate cryptocurrencies but then again people are afraid that they will loose their wallet balance so out of panic instead of checking if the wallet they are holding Their bitcoins into are the ones doing scam or not, people out of panic sell their bitcoins and keep that money in their bank account. Well this is the only legit reason I could really think of or maybe they are expecting the prices to drop considerably after the fork thus for a quick profit they sold their bitcoins, earned some cash and will buy when the price is very low.
|
|
|
|
|
