Why the market is behaving irrationally! (once again)

Your videos and channel is just great!! By the way do you think it is still worth buying ripple at around usd 0.25 before their conference on the 16th oct ?

It's basically greed..

Bitcoin gold / Segwit2X may have no market value from retail investors initially. However miners and institution investors can create the impression of demand by having buying and selling bots. Then FOMO sets in and the retail investors follow. Classic pump and dump. The miners are the ones who are pushing for these forks so i am sure they would be willing to go in the red for a while for a huge pay off to come later

"BGold has no purpose, why would someone buy it?" Well, the same question we could ask for the other 1000 alts …

NOPE you will not receive you bcg on october 25, it will be in early november

Did you see the BT1 & BT2 that Bitfinex put on their exchange? It looks like the prices are 75%/25% for each of the forked currencies. Thats very high!

one word: greed !

Is that a Juve poster behind ya?

you dont get it, its not about the 3%, the logic is, yes, people are seeing the free money and moving into bitcoin, yes, once they get the bitcoin gold they will dump it, but here is the thing, the money they moved to bitcoin and the money they got for bitcoin gold will be moved back to alt coins, so, all of the money will coming back to alt coins plus the new money from bitcoin gold, its a win for all coins in the long run …… I am moving a lot of money into alt coins myself

I agree, the temptation to buy altcoins at such low prices ought to overpower any speculation related to the bitcoin forks that are still weeks away. Actually, I'm wondering if something else is going on. Maybe it's FUD more than FOMO trading? But I haven't been in the crypto market long enough to know if there's more FUD coming out than usual. Perhaps it could also be that the ever expanding altcoin market is getting too big to properly sustain itself, with too many coins coming out… Yet, the last couple of days has made me almost suspicious of market manipulation, since it seems like the same dark clouds are hanging ALL over the board. It's hard to imagine any such group mentality in a free and diverse market. Somehow it's too well orchestrated.

Hey, Thanks great Vid !!
I have to say i completely agree with you , However i converted my portfolio to Bitcoin a while back NOT
to get a few dimes from the fork but because i didn't want to lose money on Alt coins cause
i knew ppl will flock to Bitcoiin.
On the other hand it will give opportunity to buy Alt coins at a better price 🙂

welcome to crypto market this is 100% speculative

Agreed, who is going to buy Bitcoin gold?

Before previous fork BCH on Bitfinex was about 400$ if i remember correctly, and that value stayed on the market for quite some time.
Now B2X ~1000$ on Bitfinex. Imho it should be said in video to make it reliable and informative.
I really like your vids in the beginning but i keep loosing trust…

Everyone expecting this fork to be like the last one which is precisely why it wont. I wouldn't be surprised to see a big sell off this time.

I could care less about Bitcoin Gold. Sorry to see so many people getting suckered into thinking it's legitimate.

Crappy forks !

Why don´t they create a new coin from the ground and stop messing with bitcoin?

I love your bold, confident and intelligent analysis .

How can u say how much the forks will worth?
What's the mathematics behind that prices (50$ & 100$)?

Actually it makes sense. This is not irrational movements. This has a reason ! 😀
Lot of people saw what happened during the fork with Bitcoin Cash, they saw that its good invesment/free money, didnt do their due diligence and figure out what bitcoin gold is, so they believe that its gonna bring them 400-500$s or more / each BCG.
And also could be fomo like "oh bitcoin is making new highs, its close to 5k again i dont wanna miss the train"
Better question is whats gonna happen AFTER that?
1. So lots of ppl buy bitcoin, ye price goes up. sure thing…
2. They will get BCG and sell it, so BCG price is going to be low, most likely they going to invest that money into something else
3. question is: what are they going to invest that "divident" money from BCG:
– altcoins?
– Bitcoin
That is the question.

Of course it's a bubble. What difference does it make if you use PayPal or a credit card or bitcoin to buy shit over the Internet. It's still called a third party transaction.

You're ignoring the fact that Bitcoin does worth that market cap. You're ignoring that there are predictions for bitcoin get valued to 6,000 dollars until the end of the year. Not all people are buying bitcoin because of 3% profit.

Stupid devidents. Everyone wants free stuff these days i guess :p Good video.

Its great for me as it drove down eos low enough so I bought another 3000 coins it makes a great time to buy alt coins..

Maybe you $50 and $100 could be off? Maybe it could be $200 and $500 right. No guarantees

Awesome video! This is exactly what I was thinking!

I get it now. Thank you! FYI, my IOTAs have increased by 30%. buy low you know haha

very good video, and I totally agree with you. I'm all-in on Neo, and am just holding till the people see where the true value is. Have a great day! 🙂

You did good resurged! Thanks for that information! Keep up the good work.

Because everyone wants something for free.. Stupid logic

And what if majority of miners start mining 2MB blocks and Core 1MB is starved of hashing power, without EDA it'll go to shits in no time? Are people going to get sucked in thinking Core will retain Bitcoin name and BTC ticker like they have with Bitcoin Cash? What if they don't? What if Core do something unthinkable because they lost power over Bitcoin name… and everything goes to shits?

http://thecryptosyndicate.com/opinion-bittrex-anomaly/

This was posted on r/omise_go
No idea if there is any basis behind the claims but this might explain the weird behavior…

Pls do a video on blackmoon again.. it has been staying resilient even at current market sentiment..

They are going to pump in marketing from Nov/ Dec 2017 onwards in preparation for Q1 2018 First Hedge Fund release..