Quote from: magneto on October 29, 2017, 07:55:52 AM

Quote from: 4p0l4k4y on October 25, 2017, 06:09:41 AM

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

Whenever a pump takes over, there will always be a correction. It has always been this way and there is absolutely no way that bitcoin's price can keep growing just without stop, it's just not going to happen.

Also, bitcoin gold was priced into bitcoin already in my opinion.

When the snapshot was taken, the price was taken out of bitcoin essentially. But it has now recovered to around $5800 again.

Agreed, the parabolic state cannot sustained itself. There will be a time that we needed a price correction along the way to put bitcoin on the next level. What we should think is that if there's a massive run, then lets go along with it and when there's a price correction, don't sell just hodl and wait for another bull run. That should be our mindset and not to panick when we just see a few dips here and there, its a normal process and I'm sure the OP can get a long with it, if he's gonna stay and stick on the market scene.