We'll be just shy of 7k come Nov 1, call it $6,925. With the BGold hard fork money and BTC at ATHs we'll start to see a move into alts. Oh, and B2X is DOA.
You are viewing a single comment's thread from:
We'll be just shy of 7k come Nov 1, call it $6,925. With the BGold hard fork money and BTC at ATHs we'll start to see a move into alts. Oh, and B2X is DOA.
Moving back into alts after the BTG cash out seems to be the most logical outcome. But the timing is also tricky. Will the money move immediately to alts or is it going to be parked in fiat first, because if enough whales just parks their money in fiat, the market will see a drop in BTC and BTG (and a significant drop in market cap) that might trigger selloffs on the alts for the whales to swoop in at a much lower price. Personally, assuming this scenario happens (BTC and BTG hits ATH), I sell and take my profits immediately, but park it in fiat while I wait for the opportune moment to get into alts.
Thanks for sharing!