With Altcoins gaining ground once again, it is becoming difficult for Bitcoin to break through. What are your thoughts on the same?
Bitcoin gold is in hype so to get bitcoin gold you have to hold bitcoins in your wallet, so this means free coins for just holding bitcoin in your wallet, so people are selling whatever alts they have to get bitcoin.
Yeah people will shift over to bitcoin in time for the snapshot and then get back to whatever alt they were holding, especially after the last one and the fact that people did essentially get free money, I think it will push up to the $5,000 mark and then back down to where we are now.
Im not so sure that it is going to happen in that way, why would they sell their bitcoin after the bitcoin gold hard fork when there is going to be another fork just a month afterwards, maybe what you say could happen but only some weeks after the segwit2x hard fork that is going to happen in November.