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RE: STEEM the Chalice of WEALTH!! Updated Analysis: Target $4 by Dec/Jan and $14 later in 2018
If BTC absolutely nosedives as @haejin predicts I don't see how any ALTs will explode ? So if BTC is going to nosedive after the Nov fork, the ALTs better hurry up and put in ATH asap beforehand ? Or am I reading this wrong ?
Sorry I didn’t explain very well. If btc nosedives I expect Alts to nosedive as well and many will not survive. Many will leave the crypto space and it will be seen as a fad by the masses, whilst behind the scenes serious blockchain development will continue.
Cheers grizgal I totally agree with your sentiment. I just can't work out what BTC is going to do after the Nov fork ? I'm currently Out on the sidelines but wondering if I got out way too early and should still be in !
I have been there. you've gotta make the right decision for you. If you need the money and are worried about a crash, its prob best to be in cash. You could manage risk by putting a percentage in btc! No one knows what will happen and its easy to be wise (or regretful) after the event. I think there is a very good chance of a drop after the fork, so you may be able to buy back in at cheaper prices, but you will miss out on the 2x coins! decisions....decisions...
decisions indeed !
which coin do you think will survive as king BTC or Segwit2x ? or do you think BTC will remain king, but segwit2x retain some decent value like BCH ?
I have no crystal ball but I believe it will take a lot to replace btc. Btc has the name of bitcoin, brand recognition, network effect and first mover advantage as well as the backing of approx half the community. But that’s just my thoughts.
If one of them kills the other off relatively easily and remains king all will be fine but if the community truely splits and the value is split (ie both coins worth approx $3k), I think that crypto overall will have lost out. It will put people off looking at crypto as it constantly forks etc and becomes ever more complex.
I know others hold different views but I don’t think any good will come of these constant hard forks.