With the upcoming bitcoin fork on Aug 1, 2017. Why would all other coins be falling while Bitcoin is rising? Wouldn't one want to sell bitcoin to hide their coins in like LTC to weather the storm?

closed as off-topic by Nate Eldredge, Pieter Wuille, Andrew Chow, Murch Jul 29 '17 at 0:13

This question appears to be off-topic. The users who voted to close gave this specific reason:

  • "Questions on current or future market values, energy costs or service provider availability are off-topic as the answers are changing too frequently to be useful to others." – Nate Eldredge, Pieter Wuille, Andrew Chow, Murch
If this question can be reworded to fit the rules in the help center, please edit the question.

  • Questions about current market values, and the reasons for them, have been considered off topic here - we can all take guesses, but there is not really any way to know the true motivations of buyers and sellers. – Nate Eldredge Jul 28 '17 at 15:08

Several possible reasons come to mind:

  1. People are actually confident that everything will go alright: this is the most unlikely scenario considering everything else is dumping which is the expected panic behavior.

  2. Whales are keeping the price up until the deadline to draw people in: this is more likely I think. I still expect the price to drop considerably before the deadline.

  3. People are selling their alts and moving to BTC massively to take advantage of the hard fork and get some Bitcoin Cash when it splits: I think this is also very likely and will explain the current behavior.

I personally contributed to the 3rd option.

Not the answer you're looking for? Browse other questions tagged or ask your own question.