1. #1
    Roscoe_Word
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    Last Fork

    Anybody remember how the price of BTC was affected subsequent to the last fork? Any opinions as to the price impact of the Nov 16 event?

  2. #2
    Optional
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    Without checking a chart, it had been near 3000 but ended up around 2500 at the time of the fork and then dropped to high 1800's in the next couple of days. It soon bounced back and surpassed 2500 again.

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  3. #3
    MeanPeopleSuck
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    Quote Originally Posted by Roscoe_Word View Post
    Anybody remember how the price of BTC was affected subsequent to the last fork? Any opinions as to the price impact of the Nov 16 event?
    BTC was about 2860 just before the fork, then fell to about 2700 for the next few days, then began a parabolic spike to a then-ATH of 4400 two weeks later.

    BCH, the fork coin, spiked immediately in its first 24 hours, hitting 1200 on some exchanges, before slowly settling down to about 400, then spiked again in late August to 900-ish, then settled slowly down to 300-ish until its recent spike to 650.

    But that fork can't be relied on as a model for what might happen this time. Last time, tons of money sat on the sidelines because they were afraid of replay attacks, a form of hack previous hf's had been vulnerable to. As soon as it was clear the fork was safe, all that money came piling back in.

    This time nobody's afraid of replay problems, so that huge pile of money's already in the game.

  4. #4
    Roscoe_Word
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    Opti and MP, thanks for the input. Should be interesting.

  5. #5
    kaliboyz
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    So am I save if my BTC is sitting in blockchain? Or should I move it to bitpay or Heritage sports? What will happen if I leave it in blockchain or any wallets?

  6. #6
    mrpapageorgio
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    Quote Originally Posted by kaliboyz View Post
    So am I save if my BTC is sitting in blockchain? Or should I move it to bitpay or Heritage sports? What will happen if I leave it in blockchain or any wallets?
    If it's sitting in the Blockchain app, you're fine in that you won't lose out on the coins being issued at the fork. However, you're still subject to any potential price volatility, depending how the fork goes.
    Last edited by mrpapageorgio; 11-03-17 at 10:37 PM.

  7. #7
    kaliboyz
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    Quote Originally Posted by mrpapageorgio View Post
    If it's sitting in the Blockchain app, you're fine in that you won't lose out on the coins being issued at the fork. However, you're still subject to any potential price volatility. Depending how the fork goes.
    Small percent volatility? Like $5-$10?

  8. #8
    mrpapageorgio
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    Quote Originally Posted by kaliboyz View Post
    Small percent volatility? Like $5-$10?
    If you search other threads where Meanpeoplesuck has posted, he has explained what the price has done traditionally after a fork. Usually drops a bit, followed by a rebound.

  9. #9
    Roscoe_Word
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    Well, so much for the Segwit Fork. By the by, Can BTC be traded between cryptos (ether-litecoin) at the Coinbase exchange? I couldn't see it, although it's probably right in front of me. I tried exchanging BTC to Litecoin expecting a drop due to the now abandoned fork. Litecoin can be bought via the bank or debit card method, but I couldn't figure how to exchange within the exchange? Haven't been to Kraken in a while, but I'm thinking this can be accomplished there. Is my novice approach missing something?

  10. #10
    bitcoinLuke
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    Quote Originally Posted by Optional View Post
    Without checking a chart, it had been near 3000 but ended up around 2500 at the time of the fork and then dropped to high 1800's in the next couple of days. It soon bounced back and surpassed 2500 again.
    None of that is correct. It was 2800 before the fork, 2700 after and then went to 4500 in the next few weeks.

  11. #11
    Roscoe_Word
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    Quote Originally Posted by bitcoinLuke View Post
    None of that is correct. It was 2800 before the fork, 2700 after and then went to 4500 in the next few weeks.
    I'm sure that's why he stipulated
    "without checking a chart". The price went down after the fork, then went up appreciably as he said.

  12. #12
    mrpapageorgio
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    Quote Originally Posted by Roscoe_Word View Post
    Well, so much for the Segwit Fork. By the by, Can BTC be traded between cryptos (ether-litecoin) at the Coinbase exchange?
    You can exchange between BTC/LTC/and ETH through their investor platform GDAX. Just use the same credentials as you use for Coinbase and if your coins are stored with CB, you can transfer them from Coinbase instantly.

  13. #13
    Optional
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    Quote Originally Posted by bitcoinLuke View Post

    None of that is correct. It was 2800 before the fork, 2700 after and then went to 4500 in the next few weeks.
    Sorry if it wasn't perfectly accurate. But think what I said is closer to reality that what you claim.

    Rates definitely moved more than $100 from before to after the fork. Were you watching it at the time or are you just checking a chart now?

    I promise you it was more volatile than a $100 swing in reality.

    You'd do better to go back to threads here at the time and look at what people posted about price movements real time. A smoothed/consolidated market avg chart may not be showing reality very well.

    Posters reported being able to buy at under $2000 at some exchanges around the fork.
    Last edited by Optional; 11-10-17 at 01:47 AM.

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  14. #14
    Roscoe_Word
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    Quote Originally Posted by mrpapageorgio View Post
    You can exchange between BTC/LTC/and ETH through their investor platform GDAX. Just use the same credentials as you use for Coinbase and if your coins are stored with CB, you can transfer them from Coinbase instantly.
    Great. Thanks for that lead!

  15. #15
    Winpro
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    Quote Originally Posted by Roscoe_Word View Post
    Any opinions as to the price impact of the Nov 16 event?
    Segwit2x hard fork of the Nov 16 was abandoned.

  16. #16
    Roscoe_Word
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    Quote Originally Posted by Winpro View Post
    Segwit2x hard fork of the Nov 16 was abandoned.
    Yep, we'll have to wait till next time. Although BTC slumping a little recently, what a boon it has been. Some financial type sites are predicting a decline, but I don't think so. The term "bubble" was even used.

  17. #17
    mrpapageorgio
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    Quote Originally Posted by Roscoe_Word View Post
    Yep, we'll have to wait till next time. Although BTC slumping a little recently, what a boon it has been. Some financial type sites are predicting a decline, but I don't think so. The term "bubble" was even used.
    It's going to be in correction mode for the short term since people will sell off to get back into the other crypto coins along with the newbies who jumped in during the hype and are rushing to get back now now that they aren't going to make a quick buck. It'll likely go into the $5k range and it wouldn't shock me it it goes into the high $4s before leveling off and rebounding.

  18. #18
    lonnie55
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    Quote Originally Posted by Roscoe_Word View Post
    Yep, we'll have to wait till next time. Although BTC slumping a little recently, what a boon it has been. Some financial type sites are predicting a decline, but I don't think so. The term "bubble" was even used.
    Wait, Bitcoin is a bubble?

  19. #19
    Rale
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    Quote Originally Posted by Winpro View Post
    Segwit2x hard fork of the Nov 16 was abandoned.
    Maybe thats reason why price is going down last 2 days.

  20. #20
    Roscoe_Word
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    Quote Originally Posted by mrpapageorgio View Post
    It's going to be in correction mode for the short term since people will sell off to get back into the other crypto coins along with the newbies who jumped in during the hype and are rushing to get back now now that they aren't going to make a quick buck. It'll likely go into the $5k range and it wouldn't shock me it it goes into the high $4s before leveling off and rebounding.

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