What's going on there?

[s4v4g3]

Hello!

I'm really confused, whats going on with BTC price?
It's supposed to go down as people already got their free BTG after the fork but instead it rised to 5.8k?
I believe its related to whales but there's something here I couldnt understand.

[RoommateAgreement]

It's supposed to go down as people already got their free BTG after the fork but instead it rised to 5.8k?

it's supposed to?!!
what does that even mean? did you see the future drop in bitcoin price in your magic mirror showing you the future?

some idiots started some FUD campaign that bitcoin is in a bubble, blah blah, bitcoin winter is cumming, blah blah, bitcoin will die,... but all of that was FUD. they wanted to buy cheap coins when the weak hands sell their coins out of Fear. there was never any actual thing going on.
and you should try to not listen to these kinds of stuff anymore and try to come up with your own speculation about bitcoin.

[SvenBomvolen]

It's supposed to go down as people already got their free BTG after the fork but instead it rised to 5.8k?

it's supposed to??

what does that even mean? did you see the future drop in bitcoin price in your magic mirror showing you the future?

Well, the drop has happen already when the price got lost around 1000$ in a moment on the day after the fork. You must be didn't notice that. So, those one who wanted bought as much coins as they wished and now the price is continue to climb up

[Hexah]

How'd you come up with that idea that bitcoin would supposed to go down because of the fork and some who get their BTG's. I don't think that just because of that wannabe Bitcoin would be the reason that bitcoins value would fluctuate and goes down.

I believe its related to whales but there's something here I couldnt understand.

You are the one who couldn't understand it, BTG would be dump in just a week because those people who got some of it will really sell it. Bitcoin will keep on rising if some of its users wouldn't be the same as your mindset.

[spngebob]

Hello!

I'm really confused, whats going on with BTC price?
It's supposed to go down as people already got their free BTG after the fork but instead it rised to 5.8k?
I believe its related to whales but there's something here I couldnt understand.

I am confused how some guys here think that bitcoin has to go up or it has to go up in specific time. What do you think about those who bought bitcoin when it was 6000$ just to get 1 BTG did they made profit out of it? Or did they bought bitcoin at that price, they've sold BTG for 200$(or maybe they didn't sold it yet), bitcoins price fall down to 5400$, now it is 5800$ in my opinion lots of people actually lost money with this.

[BTCMILLIONAIRE]

Hello!

I'm really confused, whats going on with BTC price?
It's supposed to go down as people already got their free BTG after the fork but instead it rised to 5.8k?
I believe its related to whales but there's something here I couldnt understand.

I am confused how some guys here think that bitcoin has to go up or it has to go up in specific time. What do you think about those who bought bitcoin when it was 6000$ just to get 1 BTG did they made profit out of it? Or did they bought bitcoin at that price, they've sold BTG for 200$(or maybe they didn't sold it yet), bitcoins price fall down to 5400$, now it is 5800$ in my opinion lots of people actually lost money with this.

This is why I absolutely don't care about forked coins. It's not worth the trouble or time... And it also resets the holding period for taxation, which is bad if you ever want to diversify back into stocks or buy a house.

[YuginKadoya]

You can not expected something that will sure go in with your way when it comes to bitcoin because unexpected things will always sure to happen to bitcoin and this one here is unexpected, because on the last fort after the it is calmdown the value went down with it but right now we are seeing strong hold over the value and I think many are still holding with their bitcoin and changing their acquired BTG to BTC that is the sure explanation to this but in a deeper context I can not add more than anything but that.

[a4techer]

Hello!

I'm really confused, whats going on with BTC price?
It's supposed to go down as people already got their free BTG after the fork but instead it rised to 5.8k?
I believe its related to whales but there's something here I couldnt understand.

Don't be afraid if the bitcoin was going down because everything was going down and no fixed price or value and we this fluctuating no exact price just because value of bitcoin was depending on the economy of each country and the investor that as we observe a few days was continuously increasing the value of bitcoin.

[bitbunnny]

I have to admitt that I don’t understand you. What do you mean by “it supposed to go down”??? It’s just the opposite, now it’s the time for price to go up again. At least until the next for in the middle of November.
Before the Bitcoin gold was released the correction was expected and that has happened like usual in similar situations but the market doesn’t react according to someones’ wishes in some particular moment, don’t forget that.

[fulmetal08larz]

In my opinion, what happened in bitcoin is pretty normal and easily understandable, many investors already learned from their previous mistakes, bitcoin's price in the market have tested its support to $5,400 to $5,700 range. This is all part of the never ending cycle in bitcoin and altcoins trading world. We will always witness rise and fall of the price, mostly are taking profit while all the weak hands are getting washed off from the correction. Eyes on the prize brothers!

[TheCoinFinder]

Bitcoin market couldn't get saturated by hard forks, it has its own path to hike on predetermined way.
If you want to invest, just put your money into game for long term.
Ups and downs usually happen in cryptocurrency market, investors shouldn't worry about these factors.

[BTCMILLIONAIRE]

I have to admitt that I don’t understand you. What do you mean by “it supposed to go down”??? It’s just the opposite, now it’s the time for price to go up again. At least until the next for in the middle of November.
Before the Bitcoin gold was released the correction was expected and that has happened like usual in similar situations but the market doesn’t react according to someones’ wishes in some particular moment, don’t forget that.

The market clearly moves according to someones' wishes. There are just too many people wishing for different things, so the market gets confused.

[TanyaDegurechaff]

Hello!

I'm really confused, whats going on with BTC price?
It's supposed to go down as people already got their free BTG after the fork but instead it rised to 5.8k?
I believe its related to whales but there's something here I couldnt understand.

The price of bitcoin is not to be determined by a single factor such as hardfork. The flow of the market is always fluctuating so there is no way to predict the price 100%. and you should be happy that its price is high after the fork because it means btc price is stable as of now thus creating more profit. Do not be led astray by the FUDS created by people who want to get btc at a very low price.

[A1exander]

I'm really confused, whats going on with BTC price?
It's supposed to go down as people already got their free BTG after the fork but instead it rised to 5.8k?
I believe its related to whales but there's something here I couldnt understand.

There was a drop to $5400 on 25th, right after the fork, but there is another fork (Segwit2x) coming. Some traders took their profits, some (maybe the same traders) bought at the dip and the price is rising again. The process continues.

[BitcoinHodler]

bitcoin was not "supposed to" go down. it was a speculation that bitcoin may go down after bitcoin gold fork and because some may cash out their money after getting the bonus. and as speculations go, they are a guess not a sure thing.

besides, price did go down. about a 15-17% drop took place after the BTG fork and it was partly because people cashed out and partly fear.

[nidacoinlove]

It's supposed to go down as people already got their free BTG after the fork but instead it rised to 5.8k?

it's supposed to??

what does that even mean? did you see the future drop in bitcoin price in your magic mirror showing you the future?

Well, the drop has happen already when the price got lost around 1000$ in a moment on the day after the fork. You must be didn't notice that. So, those one who wanted bought as much coins as they wished and now the price is continue to climb up

Well yeah people have not realised it actually that the recent price drop was due to the fork. Usually the prices remain down for a week. Or an assumption is that the price will remain down for a week or so after the fork.
The prices dropped and then gained a momentum to increase. Unfortunately it's again a dip in the price right now.

[Baimovic]

yes, that means no other coin can affect BTC, even if it is BTG. and until this one BTC is still the mother of the coin. this is what i always make me wonder and can not understand bitcoin. every day bitcoin progresses and progresses rapidly.

[poletando]

wait, what did you think that bitcoin price will going down after forking? i think bitcoin price will rise up until $6000++ you can saw on 1st august when bitcoin forking and made bitcoin cash before bitcoin cash made bitcoin rate is arround $2555 but time by time bitcoin price is going up until #4500 so i think that bitcoin price right now will goung up again until $6000++ my speculation is arround $6500

[Flor1982]

Hello!

I'm really confused, whats going on with BTC price?
It's supposed to go down as people already got their free BTG after the fork but instead it rised to 5.8k?
I believe its related to whales but there's something here I couldnt understand.

Because more people are not worried about the incoming SegWit2X in which they will hoard their coins and not to panic selling then maybe some investors are just realized that it is better to buy bitcoins if the price already reach as low as $5,600. We should not expect high to our speculations because we cannot read the mind of every people that engage to bitcoin.

[Sniar]

nah, it's gonna go up in nearest future. it's unpredictable when it's gonna go down.