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RE: Welcome To Our Journey My New Steemit Family!
Hey @jordanlindsey nice post, I gave you a follow. I just started steemit this week but I plan on making a splash in the crypto world on here. Just made my first blog a few days ago. Excited to see where this market will take us. Do you think the bottom has already hit or are we dropping again before the Aug 1st fork?
That is the $$$ question. I am thinking the days after July 20th will sort things out. If we make it all the way to the 1st without resolution it could be a bigger problem than only market uncertainty. I am a believe in the sector long term with the next five years being an explosion of growth. Any pullback like this is a huge buying opportunity. My gut tells me we already bottomed.
After seeing how the market played out it does look like we have hit the bottom BUT its Monday. The market always seems to go down on weekends and rise during the work week. Lets see what July 20th brings, myself I thought the bottom would be during the last week of July.
This turn looks to be fundamentally driven. It looks like the Chinese miners are accepting Segwit2x earlier than expected and have begun the switch.