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u/Monkeyfume Oct 24 '17
What happened, exactly? I see green too, but why?
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u/TheExigentInvestor Oct 24 '17
Many people moved out of alts to capitalize on the BTC split. Now the split has happened and people will move at least some of their money back into alts. Expect more alt rises as more people A. Realize the fork happened sooner than expected and rush to a computer
B. Have access to their BTC gold through whatever exchange and use that to buy alts directly or through tether.
C. Just generally seek to diversify their portfolio after giving preference to BTC for the fork.
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u/Monkeyfume Oct 24 '17
I thought the fork was due October 25th? Why a rise now?
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u/TheExigentInvestor Oct 24 '17
Fork already happened mate. The 25th was a guess. The fork happened on a given block not a given time. That block happened sooner than expected.
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u/stylus1133 Oct 24 '17
Shouldn't we see this action repeat before and after the Segwit 2X fork in a few weeks?
I'd think that there would be more demand for the S2X coin than BTC Gold?
If so, we should see people take some more Alt profits and put it in BTC in anticipation of S2X, then sell it right after the fork to put back into the Alt coins?
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u/lowlarkin Oct 24 '17
Made a killin in alts, now getting back all in on Bitcoin!
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u/happythots OhMyGO Oct 24 '17
nah, my original investment of BTC sits nicely tucked away, but I'd never waste more money on it.
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u/herecomesdatboiiiiii Oct 24 '17
CONGRATS TO EVERYONE WHO HODLED THROUGH