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Author Topic: Straight after the fork, will Bitcoin be dumped hard like the last time?  (Read 259 times)
cammeyz
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October 22, 2017, 01:04:27 PM
 #1

I've read a in a lot of threads this will happen and noone contests it, so will bitcoin drop 20% as soon as the gold snapshot is taken?

If so, it's easy money just to dump and buyback no? If everyone think's it will happen, it obviously will since everyone will dump  Huh
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October 22, 2017, 01:07:30 PM
 #2

It's likely. People seem to be exchanging their altcoins for bitcoins because of the fork, so they're likely to get back in the altcoin game after. As for the extent of the dump, I don't think it will go below $5k. That's just my opinion though.
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October 22, 2017, 01:09:37 PM
 #3

I've read a in a lot of threads this will happen and noone contests it, so will bitcoin drop 20% as soon as the gold snapshot is taken?

If so, it's easy money just to dump and buyback no? If everyone think's it will happen, it obviously will since everyone will dump  Huh
Did its value dump right after the hardfork last time? All I know is that after the segwit2x last month of August is that, its market value jumped from approximately 2800$ upto 4200$ within less than a month. I am still expecting the backdrops but before the hardfork. But still, no one could really determine what would exactly happen, the best thing to do is to hold and patiently wait for it to happen.

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October 22, 2017, 01:10:23 PM
 #4

I've read a in a lot of threads this will happen and noone contests it, so will bitcoin drop 20% as soon as the gold snapshot is taken?

If so, it's easy money just to dump and buyback no? If everyone think's it will happen, it obviously will since everyone will dump  Huh

It might drop to a point where BCG+BTC USD values are the same as the bitcoin value previously. I don't recall a dump but maybe there was one last time - I thought it was a week later at least before the decline.

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October 22, 2017, 01:13:23 PM
 #5

At this point keep your ALTcoins, after the fork many will sell and buy alt coins
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October 22, 2017, 01:16:11 PM
 #6

maybe it dump because some bitcoin holder for sure they back in altcoin and sell they bitcoin so the happening is bitcoin will drop there price for sure... like the last time when hardfork happen for bitcoin cash...
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October 22, 2017, 01:19:31 PM
 #7

Seems like the most likely event to take place. People have withdrawn their alt profits into Bitcoin for the fork to get free Bitcoin Gold. So the altcoin market is going to be anxious for new bull runs following the fork.

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October 22, 2017, 01:44:27 PM
 #8

Yes,most of the people have just sold their altcoins to buy bitcoins since a hard fork is upcoming and people expect air drop to happen and they could get free bitcoin gold coins as per the number of bitcoins they hold.Its mainly due to this reason bitcoin's price has surged from the range of $5,000 to $6,000.

Just immediately after the hard fork,they would rush to sell their BTG coins first and then their bitcoins.Luckily,Bittrex has announced its support for BTG and so they would not find any issue in dumping it.next,when most of them start dumping bitcoins at once,definitely it would create a decline in bitcoin price.But ,it would only remain for a short period.Since bitcoin has a huge buy wall,soon its price would recover.This is because  bitcoin already has huge demand and it is not in need of any pumping factor for its price increase.
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October 22, 2017, 01:50:25 PM
 #9

It might happen, because a lot of people might buy back the altcoins that they sold in this days! And also the traders may invest more after the fork if they get BTC value  to reach new heights before the fork! It might also get corrected a bit, because the price has risen a lot in this month, so it could hold back a little!

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October 22, 2017, 01:57:22 PM
 #10

I've read a in a lot of threads this will happen and noone contests it, so will bitcoin drop 20% as soon as the gold snapshot is taken?

If so, it's easy money just to dump and buyback no? If everyone think's it will happen, it obviously will since everyone will dump  Huh

You have some point, since they almost everyone who believes it will dumped hard like the last time it most likely to happen. But there are some thing that can be change immediately so even there is a high possibility it is not 100% so basically there is a chance that it will not rapidly be dumped.

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October 22, 2017, 02:01:04 PM
 #11

I've read a in a lot of threads this will happen and noone contests it, so will bitcoin drop 20% as soon as the gold snapshot is taken?

If so, it's easy money just to dump and buyback no? If everyone think's it will happen, it obviously will since everyone will dump  Huh

Probably yes! We are going to see some level of dumping like the last hard fork. However, I expect that only from the short term profit seekers and not from the long term investors. Also bitcoin gold will see a lot of dumping because everyone has taken a lesson from the last fork. When BCH was created, the price was standing around 600+ USD and people expected it will increase, hence a lot of people kept on holding that. But the BCH price decreased so 300 USD level. So I believe that bitcoin Gold will be dumped in most cases and not bitcoin. People will try to make some quick profits from bitcoin gold trade but will not risk holding like BCH as they have learnt the lesson from last fork.

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October 22, 2017, 02:04:05 PM
 #12

I don't think so. WHat happened last fork is that Bitcoin had not dropped for too long. Investors keep their btc to managed its own after the segwit. Some surveys says that most of the BTC investors are turning their alts back to BTC as they are expecting that BTC will keep its own after the fork. As we can see now, even before the fork that some say BTC gold will be better, the BTC price is still surging.

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October 22, 2017, 02:09:54 PM
 #13

I think it's a given that is what is going to happen. But it should be ok a few weeks after and find its value again
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October 22, 2017, 02:10:37 PM
 #14

Yes,most of the people have just sold their altcoins to buy bitcoins since a hard fork is upcoming and people expect air drop to happen and they could get free bitcoin gold coins as per the number of bitcoins they hold.Its mainly due to this reason bitcoin's price has surged from the range of $5,000 to $6,000.

Just immediately after the hard fork,they would rush to sell their BTG coins first and then their bitcoins.Luckily,Bittrex has announced its support for BTG and so they would not find any issue in dumping it.next,when most of them start dumping bitcoins at once,definitely it would create a decline in bitcoin price.But ,it would only remain for a short period.Since bitcoin has a huge buy wall,soon its price would recover.This is because  bitcoin already has huge demand and it is not in need of any pumping factor for its price increase.

The dumping of alts has already happened. I think some people will be disappointed because it's not clear many exchanges are enabling bitcoingold for trading (because it doesn't have replay protection). To sell your bitcoingold you will need to go to Yobit.

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October 22, 2017, 02:12:07 PM
 #15

I've read a in a lot of threads this will happen and noone contests it, so will bitcoin drop 20% as soon as the gold snapshot is taken?

If so, it's easy money just to dump and buyback no? If everyone think's it will happen, it obviously will since everyone will dump  Huh

Just like to clear few things, first of all it wasn't Bitcoin but the forked coin i.e. Bitcoin Cash which got dumped. Bitcoin on the other hand rose 250% in just 10-15 days after fork.
And anyone shouldn't worry himself with price on which Bitcoin Gold gonna trade in future. Like Bitcoin Cash was able to survive market with a price around $300-350, similarly I guess Bitcoin Gold will able to survive at same price. So Bitcoin Gold too gonna have good market if it isn't possible scam as people anticipating.

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October 22, 2017, 02:25:46 PM
 #16

I dont think BTC lose value this time since many people who didnt hold their BTC coudnt get any benefit from the biggest airdrop in the histroy with BCH fork. I guess nobody is going to sell BTC.
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October 22, 2017, 02:36:19 PM
 #17

The price correction will obviously take place after the fork as it did during the last fork. A decline in price of $1000 was done during the last fork and it might be the case this time too but it will surely take some time to recover the price. We can expect the price to decrease by $1000 - $2000 after the fork. Altcoins will be increasing then and it will be best to buy the Altcoins at the lowest price before the fork.
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October 22, 2017, 02:38:36 PM
 #18

I've read a in a lot of threads this will happen and noone contests it, so will bitcoin drop 20% as soon as the gold snapshot is taken?

If so, it's easy money just to dump and buyback no? If everyone think's it will happen, it obviously will since everyone will dump  Huh
Most likely this thing would really happen but thinking off 20% drop is somehow realistic which we would really see corrections on price thinking off that price did somehow hype up because of the upcoming forks but well instead of worrying too much we should think off carefully on when to sell out or on when to buy back.Its just like that and the thing which most people really do.
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October 22, 2017, 02:43:52 PM
 #19

there already was a 6.5% correction today and price is already going back up to $6000+

what you say about a drop after the "snapshot" of bitcoin gold is possible but i really doubt it can be as big as 20% just because people are selling their bitcoin because that would be a $1200 drop and it will bring price to $4xxx level.

if the FUD starts, that may be possible but without it i wouldn't keep my hopes up for anything more than 8-10% tops.

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