Will Altcoins Drop In Price Due To Upcoming Bitcoin Forks?

[jerry0]

Because certainly people will be converting their altcoins or get more btc? 

[sorrysteve1]

Because certainly people will be converting their altcoins or get more btc? 

If there is a perception in the community that the forked coins will be worth something then surely yes. I don't know too much about the upcoming forks but I haven't heard much hype so I'm not expecting them to be too sought after. I also feel the community is probably starting to learn that most of the forks aren't very useful and nor are their coins.

[askmecrypto]

BTC Forks are more likely airdrops these days and the coming one appears worthless airdrops.
In the current scenario with #ALTSParty, I dont expect much drop, however, the other plausible reason could be $BTC pottential to hit a new ATH, if that happens then for sure we are gonna see a blood bath.

PS: I always keep ETH and LTC to refuge at such times, they make your money safe.

[habaratbu]

People dont care about these forks like the old days so there wont be any problem with the alts when the useless forks happens.

[kevoh]

Bitcoin hard forks have lost their steam. Not everyone takes them serious anymore, the names are even get more ridiculous such as Bitcoin god, bitcoin buddha e.t.c Though if the fork proposes something good and stirs a buzz within the bitcoin community they will sure be some movement from altcoins to bitcoins.

[matico]

Altcoin value is always dependent on the Bitcoin! People may not be able to change their altcoin as fast as possible to bitcoin because of delay in bitcoin network and the fee! One thing is sure though, Bitcon will not drop in value

[aanbudi]

From previous experience, we can see that Altcoins has decreased in price when Bitcoin has Hardfork. Yet from my observations the decrease in Hardfork is smaller than the price drop when the Bitcoin price rises. Because all eyes are on Bitcoin.

[masijjal]

Because certainly people will be converting their altcoins or get more btc? 

I think it will be the same as some hardfork bitcoin before. Maybe there will be some altcoin that will decrease but not all. It looks like ethereum will survive at today's stable price

[sofi@]

Altcoins are dropping even without fork I don't think alternative coins are really good investment to take, they are highly value when introduce in the market but as the time passes by they lose their worth and all our investment will go into nothing like what happen to most ICO, they distributed it and promise that the value will be appreciated but when the time comes that it can be traded the value drops so bad.

[13abyknight]

Because certainly people will be converting their altcoins or get more btc? 

Not really, all the newer and upcoming forks are just trying to create money out of thin air without any goals on how they can improve the protocol from core and all the other forks. Expect an instantaneous dump with the price peeking at a two digit figure per coin, nothing more. As far as altcoins go, they should remain uninfluenced and continue in their paths.

[mikyadel]

i don't think so , finally altcoins begin pumping again and these worthless forks won't influence them

[Valzador]

I think of course the altcoin price is definitely down because people definitely move their altcoin into bitcoin "hope they get clone 1 = 1 like bitcoin cash"

[BTCLovingDude]

Because certainly people will be converting their altcoins or get more btc? 

no because these upcoming altcoins (the forks) are without any value. they will probably start being listed at 100 satoshi and generally prices that low which means it is not even worth it to claim them anymore.

additionally the altcoins get pumped when bitcoin price is stable and now it is stable so they will get pumped instead. if bitcoin starts rising they will get dumped though.

[8count]

Altcoins are dropping even without fork I don't think alternative coins are really good investment to take, they are highly value when introduce in the market but as the time passes by they lose their worth and all our investment will go into nothing like what happen to most ICO, they distributed it and promise that the value will be appreciated but when the time comes that it can be traded the value drops so bad.

I think what you have to remember when investing in a ICO is it will take time to see the benefits. At least 1 yr IMHO.
1st off as soon as it hits the exchange bounty hunters dump it.
2nd Most projects are only just starting to build the project and get the ball rolling.
 
Once the project is up and fulling running then people get interested in it and can see its full value.
So only invest money into a project you can just put a side and have a look at maybe a yr or so down the track.
Most of the top altcoins that have seen nice rises lately have been around a while and proven their worth.

Look that's is my option anyway, but i'm no expert

[AlexaSonda]

yes .. they sell alt to be converted into btc, after getting airdrop from btc. they will buy alt again, because the price is still dump.