Bitcoin Super Green, Altcoins Very Red
Yesterday evening, around 9 pm Thailand time I look at the Coinmarketcap to see Bitcoin just passing the 4500 $ and most of the altcoins doing not too bad. Early this morning, I open my computer and look at it again and it was close to 4660 $ but all the altcoins have fallen into the red color. So what to think of that. It seems many people or big whales are selling their altcoins and buying bitcoins to get the most of the coming two hard forks. After the first Bitcoin hard fork of the 1st August with the appearance of Bitcoin cash, many people want to get a part of the new coming forks. Will it be valuable? Of course, for those who own a lot of Bitcoins, it can bring a significant amount of money, but for the small fish, it may be very small. Many of the investors or specialists are saying the new Bitcoin Gold will be around a 100 $ compare to the 400 some of the bitcoin cash on the day it appears. But who knows for sure in this very volatile market what will come tomorrow and what about most of the altcoins price? For all other crypto-currency, the price starts to fall at a fast pace but I am sure just after the hard forks on the beginning of November all the market will go even further than where it was. Also, it will be a good time just in between the two forks to buy cheap altcoins. As I look now on the market Bitcoin already pulls back around a 100 $ at 4570 $ so it seems like we are going to see the bitcoin price going up and down until the two hard forks with a dominance in the up. Lately, the market has seen many events, China, JPMorgan, South Korea, Switzerland, hard fork bringing the all market down. The end of the year 2017 must be better, but who knows for sure if a government or a bank will start to make stories again. My advice, and make your own opinion on your research in the field, is to not panic things will come back to normal after the two forks. If you own enough Bitcoin to make it profitable, do it, everybody loves free money. If not try to take the low price of altcoins to make some investment. But my best advice for all of you is to research and read about it as much as you can to make your own opinion.
Bitcoin Super Green, Altcoins Very Red @ricko66 i totally agreed with you.
I want to start my business of trading please suggest me which crypto is best for future investment.
Hi @irfanullah
Welcome to Steemit community. My list for best cryptocurrencies for invest is (long time invest- 1+ year):
This is list for short time invest (1-6 month):
Thanks A Lot @coinsvision.
I really believe in privacy coins for the future, you can read my post https://steemit.com/cryptocurrency/@ricko66/the-coming-rise-of-privacy-coins
I agree so much with you ! I just did a post relating the same with all those Altcoins bleeding. YES the people are selling Altcoins to Bitcoin to get the free coins from the fork and It's fair I guess lol. As you. I said we should hold tight our lovely coins and wait for the forks to pass. And if the market crash during the fork, I have fiat currency ready to bounce into the market haha =D
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.