August 1 may cause a bitcoin crash

[johnarb]

It's possible. I hope not. Been holding for years, so will ride it out.

 

[algofy]

why?

 

[johnarb]

why?

Risks of bitcoin fork(s). Google is your best bet. I'm not qualified to explain it.

 

[Hoi]

why?

Here's a fairly good explanation (skip the Ethereum part):
http://www.zerohedge.com/news/2017-...irtual-currencies-crashing-ethereum-below-200

I think stakes are too high for both sides to let it fail (which is just how bitcoin's protocol incentives should work). First Price will reflect fear, thereafter a relief rally would be in the cards

 

[TonyMark]

If BTC goes down, you can bet everything will with it.Maybe not Ethereum as it’s price movement.....

 

[Pekelo]

I think capital has been moving to alt coins in the last few weeks, that is why they have been out performing BTC...

 

[Hoi]

I think capital has been moving to alt coins in the last few weeks, that is why they have been out performing BTC...

Well, currently (last full week) the opposite is going on. Everything is tens of % more in red than Bitcoin itself. One week ago Bitcoin's dominance was around 36% now it's nearly 50% again:

 

[Pekelo]

Market capitalization doesn't show money flow. If I premine 1 billion coins and sell 1 to you for a dollar, my coin's market cap is 1 billion, although the money flow was 1 dollar...

 

[Hoi]

Market capitalization doesn't show money flow. If I premine 1 billion coins and sell 1 to you for a dollar, my coin's market cap is 1 billion, although the money flow was 1 dollar...

what a completely off-topic argument. I replied to your quote "capital is moving to alt-coins" with the actual current truth: "capital is moving back from alt-coin to Bitcoin".

 

[Pekelo]

You could say that recent price movement doesn't support my thesis, but you can not show market capitalization as evidence for money flow.

If the same 2 dozen traders trade the price higher by 10% among themselves the market cap will increase 10%, but there was no money inflow...