Since the launch of bitcoin cash I thought that Bitcoin would eventually crash a bit under 2000$ and obviously take all the altcoins down with it, but it seems that it didn't quite happened. Actually it didn't happen at all. With the implementation of the fork the inverstors might think that the market is unstable and they should've withdrawn some money from the market but it didn't happen mainly because of Segwit I think. I'm really looking forward for a crash so I can invest more into Bitcoin and altcoins. When do you think the next drop will happen?
Following the stock and bond, and other markets for some years now, I saw that they are all rigged. I would be surprised if the value of altcoins are not. Just look at graphics and you will see this. Altcoins market has became a field for speculations, and maybe only the big players can tell something, but they won't. This is on the short term. On the long term, an year or less, I think that the value of important altcoins will grow, more if the world economy will feel bad, or unstable. For example, the grows of Bitcoin in this winter was done because chinese had a bad feeling about reminbi's value, and the huge debt of banks in China.
On the other side, if the international tension will rise, I think will not be a good thing for altcoins.
Check out my price forecasts to find out sir :) https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-forecast-plus-bitcoincash-bonus-forecast-8-3-2017
They are scary accurate :P
Possible pullback, crash? You may never get in if it does not crash
I don't know if it'll "crash" any time soon. I'm sure there'll be some pull-back here and there. Those are always good times to buy. I'm hoping next pull-back we won't drop below $3000. Regardless, I think Bitcoin is going up in the long-term, much higher than where we are now.