Hello Steemians,
Today i have came up with a theory that i noticed during both hard fork Pre-forking period, my theory is not technical and related to the forking benefit it self, but it's economical and related to offer and demands.
Main thought is : The Hard Fork is a major cause of the Bitcoin price hype.
How is that?
1- The notable period of effect is two weeks before the fork, people start talk more about bitcoin, which attracts new investors.
2- Old bitcoin investors who have some experience start to hold their Bitcoins, until the fork happen, to gain the equal amount of the forked coin.
3- Panic buy in, which is exactly the opposite of panic sell out, for opportunism, people who tries to catch the hype train to gain some profit.
So technically the fork is a major impact on bitcoin prices, but it's also very dangerous for the exact same reasons mentioned above, because once the forked happened, if one of the above start massive selling, the others will follow for sure.
My advice, be careful, be reasonable and don't get too greedy.
Buy Bitcoin now, and don't follow panic sell, bitcoin have a long way up, the price is good now, and the benefits of the forked coin.
if you need your money back in cash, sell your bitcoin, otherwise, hold as long as you can.
I hope this was good information for people with low experience of the Fork.
Disclaimer: Mentioned information, are not Facts, it's only my personal theory, which can go right or wrong, please do your home work before following any of this information.
These forks are not good.
nice post thanks for sharing. follow me if you like my posts @thunderland
Thank you, i will check them out for sure.
Interesting analysis. I hadn't viewed in that way so nice to read alternative outlooks. Great video too -so thanks for sharing it! You might like my recent episode of Crypto nights. This week we talk about Bitcoin hitting $25,000.
Would love to hear your thoughts on it.
Anton
Thanks so much for your feedback, i certainly agree that bitcoin will hit $25,000
and i think that will be more or less in June 2018.
please share me a link for Crypto nights.
Interesting to hear that, as the other side of the argument is that it's all a complete myth - so who's right!?
Here's the link mate, can't wait to read your comments :)
https://steemit.com/bitcoin/@alexmavor/bitcoin-to-hit-usd25-000-or-all-a-huge-pyramid-scheme-crypto-nights-episode-7
Hey @malekalmsaddi our latest episode was uploaded last night. Gave you a special mention for all your contributions :)
img credz: pixabay.com
Nice, you got a 8.0% @minnowbooster upgoat, thanks to @malekalmsaddi
Want a boost? Minnowbooster's got your back!
The @OriginalWorks bot has determined this post by @malekalmsaddi to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
For more information, Click Here!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!
Glad you like it, thank you