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RE: Wait...will Bitcoin have another Fork after Bitcoin Gold in November?

in #bitcoin7 years ago

I have been noticing bitcoin going up slightly every day and all the other alt coins going down because as more and more people learn about bitcoin gold, they will sell their alt coins to buy bitcoins. They're hoping that "history will repeat itself" as holders of bitcoins in participating exchanges at the last fork (bitcoin cash) not only benefited from getting 1 bitcoin cash for every bitcoin AND they also benefited from bitcoin value going up. On top of that, bitcoin cash went up all the way to $1000. So assuming that someone had one bitcoin before the fork (around $2800 on July 31st), they'd get 1 bitcoin cash which peaked to around $800 on August 19th. Bitcoin also went up to $4000 - now, obviously I'm picking the highs as hindsight is 20/20 but bear with me here - $2800 in one bitcoin going up to $4000 is a $1200 gain plus the $800 gain on bitcoin cash if that person were to sell it. That's $2000 profit from a $2800 investment in about 20 days (July 31 to Aug 19). Now this is happening again, but will the same scenario take place? The focus is on bitcoin and bitcoin cash that the opportunity right now lies on the alt coins. These alt coins are at depressed prices right now and as we get closer to the hard fork, we might see another "sale". In my opinion the safer play is buying the alt coins while they're down. Of course only buy the ones you believe in.

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Exactly! Smart money will be buying alt coins when everyone is selling!

@tytran bitcoin has exploded today and we are almost in 6k, what do you predict in the next few months? @gold84

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