The wait is over and luckily we didn’t have to wait another week. Today, news came out that the team leading the hard fork wasn’t ready and cancelled the fork for next week. The market reacted like monkeys, we saw an instant spike in btc to see it drop from about $7800 down to $7200. Once people found out about the fork, those who were holding bitcoin for the fork began to sell off and we have begun to see money pour back into the alts. In recent days, news came out of China exchanges beginning CNY/btc trading and finally we have certain clarity that China only wants to regulate it. All things are looking very bullish for the crypto world. Also some Chinese exchanges are beginning to list Neo and we are beginning to see it rise with many other coins. The B2X fork had the market feeling very uncertain on what was going to happen post fork and now that the fork is cancelled even coin dev. are releasing updates and announcements today and in the coming days. I expect btc to correct further after its latest run up which could be good news for alt coins. Like always, these are just my opinions and not investment advice.
You are right on point there my friend.
I have been predicting the huge pump before the split in order for everyone to get their "free coins", followed by a correction once they jumped back into their alt coins.
Now I am not sure what to think of the price, or what will happen with it over the next few days. What are your thoughts?
as far as btc is concerned it’s due for some correction it’s only healthy for it to correct. I know it’s time for a correction when random people at work start telling me they bought $100 worth of bitcoin for the first time at $7300. Told them long term you’re on the right track but you bought the top bud. I see it correcting to mid to low 6ks barring any FUD while we see alts continue their bounceback. If you wanted “free coins” the best way would’ve have been buying alts the last few weeks at their lows before fork and trading for 50%+ increasing your btc value rather than receiving airdrop. I’m in a few group chats and the ones that played the alt game during forks rather than hold btc for fork are doing well.