If you're watching the crypto markets right now you know there are pretty significant moves. Essentially, Bitcoin is growing rapidly sucking the money out of the majority of altcoins, although there are several altcoins that still show nice green arrows.
The golden king is approaching the 5,000 USD threshold. That could be a major step. The question is what will happen then? Will everybody sell to mark the fat profits or will the growth trend continue beyond the 5k mark?
The highly expected forks, especially the upcoming Bitcoin Gold are still several days away. So, in theory there might still be time for a continued bull rally. Will it continue to rise or we're closing a major bear trend?
What do you think? Please comment right here.
who cares about the fork? HODL
oh, I am hodling
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Honestly I think it will continue to increase in value, I think the more people are educated in crypotcurrency the more popular it will become thus increasing it's value. Just from what I've seen in my small town in South Africa, I've seen how many people are becoming interested in bitcoin. That says a lot.
When trading stocks, I'd look for a pullback at the 5k mark. But this thing has so much momentum that it looks like it might easily break through that mark.
I am hedging my bets by buying some on the way up and keeping a cash reserve for any drops so I can put a lot of money into it at a lower price.
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STOPBTC will go down few days before fork imho
I have to admit these are definitely interesting times for me. I am relatively new to crypto (several months) and I can feel the adrenaline rush :) Anything could happen I suppose. gents, get ready to place your bets.