The Steemit Daily Dose: @mindhunter Discusses The Steem Price During The Bitcoin Hard Fork.

in #steemit7 years ago

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I have an anti-thesis here. Due to shortage of BTC at exchanges due to hard-fork fear and also, speculators are buying BTC to get FREE BTC fork- Bitcoin Cash (BCC), before hardfork BTC price went up. I have predicted here, when BTC was going down from $2750 to $2425.

What I think large numbers of speculators and traders will sell both BTC and BCC for profits (BCC got some traction since exchanges such as BFX are giving them to BTC holders), therefore just after hardfork, BTC may go down 20-30%.

However, in months I agree BTC can reach $4000. I agree that STEEM is a very good buy below $1.2 and will reach not only $2 but also around $4-5 when BTC reaches higher high ($4K). Followed and Resteemed :)

A great counter-analysis @riseofth - and a cool username too :) I'd like to see all the 4s before Xmas: Steem at $4 and BTC at $4K!!

By the way, TH is for Trojan Horse :P

I like it ;)

Very interesting video. Thankyou for sharing @mindhunter. Help upvote my post

Great video thanks for sharing! If Steem goes again under 1$ I buy again! The last time I bought was on July 16 and I got Steem for 0.89$ I think it was a good deal .

Best animated GIF I've seen all day Dan! I LOVE IT!! :)

Thanks I love it as well! Steem next stop moon hehehe ;)

Hello! Here's my question though, as someone who's been looking into crypto for a short while and have neither invested into bitcoin or steem.. do you think before the fork is a good time to buy bitcoin intending to either 1. Instantly use the bitcoin to buy steem OR 2. Hold onto the bitcoin assuming that the lowest point bitcoin will drop to is it's price pre-fork while people are freaking out about the fork? Your thoughts appreciated!

Donnie, I'd buy 50/50 BTC/Steem before the hard fork - this weekend. Both will rocket late next week!!

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