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B2X

BTC - Bitcoin fork, what to do? - AltcoinsOk so the segwit2x fork is going to occur within few hours. Every person holding BTC will receive B2X with a 1:1 ratio. Meaning if you have 1 bitcoin you will receive 1 B2X. If you have 0.3 BTC you will get 0.3 B2X. No you don't need to do any action to get the B2X coin. After few weeks from today exchanges will start adding B2X so you will be able to trade it. Current price of B2X is 382$, this however will change a lot later on. Ok so if you have any alt coin right now, at the time of the fork you won't get B2X. Because of that I'm expecting alts to go down as everybody is trying to get the free B2X coin. Then right after the fork they will reinvest in alts. Also BTC might start its correction/price retraction right after the fork. Personally I'm going to stay away from alts until the fork is over then determine what to do after based on the situation. DCFreak.
COINBASE:BTCUSD
by DCFreak
43
BTCUSD, How to use Bitcoin Price for Trading altcoinsBitcoin has broken down from the rising wedge pattern, instead of breaking through a MAJOR resistance line. Feel free to scroll back on the chart to see where this (purple) resistance line comes from. I'd like to explain how I use bitcoin price action to trade into alts. I like to use these resistances or breakdowns to jump a little into alts. This is because alts tend to boom when bitcoin begins to drop from its highest point. This is a good example of where I would jump into a few alts (like the Navcoin chart I linked below). I will look very carefully for bounces around the support lines i have drawn out (purple dashed lines). If a bounce occurs around here, I'll be looking to take profit or partially exit some of my new alt positions. Keep in mind that the hardfork for Bitcoin is a little over a week away, so Bitcoin could very well continue it's massive bullrun to reach upwards of $8000. If Bitcoin has an hourly candle close above my resistance line, I will consider exiting the majority of my positions. Feel free to ask questions below, or to propose your own ideas about what may happen. I enjoy discussions on technical and fundamental analysis.
BITSTAMP:BTCUSDShort
by ecoinamist
12
Long Bitcoin CashWho knows what will happen to BTC come November 17th. What we do know is by November 13th Bitcoin Cash will fork to adjust its hash rate difficulty algorithm. "The original Bitcoin Cash “EDA” allowed Bitcoin Cash to survive as a minority chain but produces wild fluctuations of hashrate. This is problematic because it prevents consistently fast confirmations for users, and radically shifts the coin issuance schedule." www.bitcoinabc.org The new upgraded Bitcoin Cash will have one less reason to not buy it. A common argument why Bitcoin cash is a bad payment vehicle is due to the wild fluctuations in the hash rate producing variable transaction confirmation times for end users. November 17th Bitcoin forks into two chains; Bitcoin (b1x) as it is today with 1mb blocks and Bitcoin Segwit2x (b2x) which is the same as today but with 8mb blocks. The community is torn on which fork to support. November 17th we may have 3 versions of bitcoin. b1x, b2x, and BCH. BCH will have had its difficulty adjustment fork and will be a more stable blockchain. Ever wonder why in the USA we only allow two primary candidates to run for president? When two dogs fight the third gets the bone.
BLong
by investing_alt
4
LTC timeline comparison with BTC Gold forkWe're seeing very similar patterns of price action today, 14 days from the 2X fork, as we saw 14 days before the bitcoin gold fork. Something to watch will be a potential repeat of the pattern which drove LTC from $50 to $70 in 2 days If BTC has a large correction from its current all time high of $6900-7000 because of the speed of growth which seems highly probable, then we could see people move into litecoin temporarily as they did before the bitcoin gold fork to protect their gains in a relatively stable coin, which will drive the price rapidly higher.
Long
by TenaciousJ
1