Everything is falling, except Bitcoin Cash and Segwit2x Futures. Bitcoin down 7%. Confusion, FUD, FOMO!
Bitcoin Cash is up almost 40% (50% on Polonix) and Segwit2x futures is up almost 100% to $500. What's going on?
There has of course been information that some mining pools will go ahead with the Segwith2x fork as planned, and also "rumors" or "opinions" that Bitcoin cash is actually the real Bitcoin.
In my opinion all this has created a even MORE uncertain environment in the Crypto Currency space. There is so much FUD and FOMO right now, as well as irrationalism.
I mean, if some irrational fear of missing out on Segwit2x results in in people buying up the price to higher than Bitcoin core, well..then miners will mine B2X, right? It is the market who decides. I fear that we will se ENORMOUS volatility in not only Bitcoin, but the entire market.
In the coming weeks and months a lot of people will lose a lot of money, and some people will become incredibly rich. I won't probably be any of those, because I'm conservative. I've bought a little Bitcoin Cash a couple of days ago, which turned out to be a good investment. I haven't bought any Segwit2x futures. The only B2X I will receive is those I will receive after the fork.
It's been a ruff day for many people. I personally thought the drama was over yesterday when Segwit was cancelled and Bitcoin almost hit $8000. Then it dropped, and later we found out it was because of that note from one of the mining pools saying they will go through with the fork. Then Bitcoin drops, Segwit2x and Bitcoin Cash raises..it's pretty much a mess at this point, and people are running around in panic.
I'm not going to give any advice, because it is impossible at this point. Just try to make rational choices. Do not sell your wife or kidney to buy Segwit2x futures :)
Godspeed!
I think Bitcoin will still raise up to $10K soon.
Lol, last part was hilarious :D
Of course it will fall. In less than a year the price increased almost by ten-fold. It would fall regardless, what did people expect? to go to 1.000.000 $ by next year ? Just hodl, chances are it will reach a new ATH in a matter of months :)
That is.....correct!
img credz: pixabay.com
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Whag are your thoughts on bitcoin gold
It will be interesting for sure to see where the prices are going to be in a month or twos time. Im still bullish but btc problems need to be resolved if it is to become a currency rather than a store of value like it is currently.
Whatever is happening down there I stay with steem flash and smartcash.
This creates panic
Yeah, the market was so hard to predict these days...