Quote from: unknown04 on July 18, 2017, 10:51:48 AM

Quote from: deisik on July 18, 2017, 10:22:43 AM

Quote from: hashtag101 on July 18, 2017, 04:25:29 AM

Quote from: skorupi17 on July 18, 2017, 03:30:48 AM

Quote from: brandeany on July 13, 2017, 08:53:45 AM

Most of people speculate bitcoin dump because of 1st Aug event. But this is one of my assumptions: most of people will withdraw their bitcoin to the wallet, there will be less bitcoin on exchange causing low supply >>> price will increase. What's your opinion?

But the question is, are they really withdrawing their bitcoins to their personal wallet? What if they are cashing out their bitcoins already in order to avaoid more casualties? or what if instead of withdrawing, they are jumping on another boat (buying altcoins)? And since we experience major decline in the past days, it is obvious that it is either they cashed out or they jumped to alts.

I know in present, most trader are going 50-80% or 100% their funds to FIAT or USDT. Let's imagine in next time if SegWit2x success and have some good news about Bitcoin, a huge number order buying Bitcoin will happening and the price will increasing very fast, then they will use this amount Bitcoin to buying cheap Altcoin and creating 2x profit from Crypto and USDT

=> USDT -> Bitcoin increasing -> Altcoin increasing too Tongue

I don't quite get your logic

Provided there is any, of course. First, what's the point of buying bitcoins with fiat and then buying altcoins with these bitcoins if you can buy altcoins directly with fiat? And second, I can't possibly see how it could ever give you 2x profit. In fact, I can't even see how you can get any profit at all unless Bitcoin continues to rise substantially above your entry point (which is not given either). Care to explain your reasoning and what am I missing here?

simple, not every country is able to buy altcoin with fiat... not all exchanges are worldwide.... some exchanges only allow people to buy bitcoins.... and this is why there people needs another site to convert them to altcoins....

What do you mean by every country?

People are buying coins at exchanges, and I have yet to see the one that would allow buying bitcoins for fiat and disallow buying altcoins with the same fiat. If you mean some backward exchanges that have only one trading pair (personally, I don't know of any such), then I would stay away from these exchanges in the first place. Further, I still can't see why it would make sense to first buy bitcoins and then convert these bitcoins to altcoins. How could that give you (or me) twice the profits (since that was the point)? I'm eagerly looking for a way to multiply my profits via altcoins