The next week after the bitcoingold comes out, bitcoin will start to decline in price.
Perhaps the price of onion will skyrocket
That is true. People are stocking up BTC to get their share of BTCGold. After that, they will convert it back to different cryptos. The advantage, that some people would have perceived, is that in this frenzy for free BTCGold coins, the price of other cryptos will fall (like with DO). So they will get back more of their original crypto when they buy them back after 25-Oct. And as the market swings, the prices of other cryptos will rise to balance the demand and BTC will stabilize at a lower price. That ends up as a Win-Win!
Bitcoin price and bitcoin gold is not related. People are not buying bitcoin to get some free scam coins. There is really no reason to belive that the rally will end anytime soon. The likelyhood of the 2x fork causing major damage is diminishing. I would not be suprised to see prices above 8k before new year.
The DeepOnion price will not go up untill its chance of long term success improves. Listing on a major exchange would help. But in the end it is the work of the developers and the community that gives DeepOnion value. The price might fall to 10 cents and rise to 10 dollars in a few weeks if the fundamentals change.
Right on! Im pretty much inline with your analysis there! Im not sure it will reach 8k$ by year end thou, think it will retrace a bit at the end of the month... As for DO well its all about features.
I think it will definitely retrace and I think it will be quite a bit before it stabilizes again....I'm thinking at least $4k or even lower. Once the fork happens, I think a lot of traders will dump their funds back into the alt coins that have gotten slammed.
After Segwit in August Bitcoin price went up from 2500$ to almost 5000$ and people got Bitcoincash with a peak value of 700$.
We can expect Bitcoin to hit another maximum value after fork and drop in price after. But everything is a guess. Key players must trick other people to gain profit.
Don't forget that the reason it started crashing was due to China. So really can't expect it to drop in the same manner.
This is true but I'm sure there will be more fud. There always is. The market tends to over react every time some rumor or article gets posted.
And that what always amazes me. That whenever things look clear, open path, so random out of nowhere thing comes and ruins things.
There's just too much money involved. I'm sure the Chinese people in power knew exactly what they were doing, bought a massive amount of Bitcoin, waited until the price rose and rose, and then sold all right before they decided to ban it. Too much money involved for people in power not to do such things.