REASONS why the crypto-currency market could go down heavily in October/November.
Hey Guys
Today I will talk about the possibilities for the global crypto-currency market to go down heavily in the next couple of weeks.
As some of you might be aware, there are 2 main reasons that could bring disturbance to our world.
- Bitcoin
Bitcoin is on a edge of a new path. The new Segwit 2x is coming on November 18 to increase its capacities. Bitcoin will have a hard fork. If the whole community find a consensus, Bitcoin price could skyrocket. But it is likely that the hard fork will bring an other split of the currency. Most of the miners are behind Segwit 2x and also exchanges, merchants and wallets.
If Bitcoin becomes 2 different entities, it will loose in value itself. Hence, the price to go down heavily.
So far, the intention in favor of Segwit2x is 93,2% and still growing.
- Chinese Exchanges
Except if you were in hibernation and you just wake up for the spring coming (New Zealand spring), you noticed that China p***** off everybody in the last month with the ICO ban and the shut down of exchanges.
Well at some stage, Chinese government gave a last month to operate to the exchanges. This "notice" is finishing at end of October. If they will really have to shut down, the Chinese market will freak out and they will withdraw all their money.
Conclusion
The whole market could go down because of the Chinese exchange, and if this is followed by the hard fork of Segwit2x, I imagine the market cap reaching 70-80 B$. It is very possible.
Recently it went down to 97 B$ and this is where I decided to enter in. I made a huge return on investment in couple of days.
Details here : https://steemit.com/cryptocurrency/@jlcrypto/the-investment-that-gave-me-a-huge-return-in-one-day
So for me guys, get some fiat currency ready on Kraken for example and jump on Bitcoin when it will go crazily down (if he goes crazily down).
This is what I will do before investing my low-price Bitcoin into the low-price coins that I trust for long term.
The list here : https://steemit.com/cryptocurrency/@jlcrypto/top-10-undervalued-altcoins-for-long-term-investment-10-years-period
Do your own research, it's just my opinion.
Let me know your thoughts, I could be wrong :D
Joris
i feel its good research @jlcrypto. i resteem and upvote you.
Hi mate ! Thank you for that it's cool :). You have a good blog, I followed you.
What do you think about the Hard fork of Bitcoin?
Congratulations @jlcrypto! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPHello sir
Would you like to join this company program?
Company name is x-traders.
New lunching company program .
$20 SIGN UP BONUS.
7 level deep referrals commission.
LEVELS OF CAREER LEADER 11.
BIG MATCHING BONUS.
Life long time passive income.
Life changing program.
If you join this company then you can change your life. Trust me. If you want to more details then click link below.
Read more details and after that join this company program.
More details https://x-traders.com/?ref=12025064