Following my post 5 days ago here I've been witnessing the coin market doing exactly what I have predicted. The Bitcoin has now reached its highest ever coming close to the 6000$ and most of the altcoins not doing well. For those of you who are into Bitcoin, it is a great time to be in, you will take the benefit of its high value and as well as the two coming hard fork. To my belief just after the hard fork, maybe in the following day or two, we may see a correction of the bitcoin and a rise of the altcoins. Anyway, there is always a positive correlation between the price of the bitcoin and the altcoins, but this correlation will come after the two hard fork. For those of you who are not into Bitcoin and would like to invest in it now, it is a difficult choice to do, but if you are planning a long-term investment any time will be good for buying Bitcoin. For those who are into altcoins, it is now a very good opportunity to buy a few more altcoins at an affordable price. After the two Bitcoin hard fork, it is sure that most of the altcoins will go up again and will take advantage of the high price of the Bitcoin. So for the moment keep it calm and if you can invest in some of the coins you always want to, this is the time to do it. It is also time to exchange your SBD into Steem or Steem Power as the price is close to equal. Since the two fork happens it will have up and downs in both Bitcoin and altcoins. Try to keep looking and don't miss the train.
My Technical Analysis using Elliott Waves shows Bitcoin in a bit of danger zone:
Sure, I see it too. a few billion are going in and out already, but mostly out. It may stay around the 5500$ for the forks or even less. But who knows for sure. But at the moment looks like there is some hesitation in the BTC market. Thank you for your analyze @haejin.
Thanks @rikko66 personally i will convert All to Steem Power. maybe the STEEM price will also increase.
Sure, Steem already starts to go up but it may come down again near the hard fork date. So wait for a little. Thanks for all @hdmed.
You are welcome @ricko66
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Just remember that travelling to Mars takes a lot longer time, than travelling to the Moon.
That is why its first stop to the moon and get refueled for going further :)
Excactly what I mean!! It's just sometimes people forget that it needs to cool down once in a while! I am a firm believer of much much higher Bitcoin prices, but patience is the key word!! We will get there!
Whats your pridiction on steem?
My Technical Analysis using Elliott Waves and Chart Pattern Recognition has a $14 target for STEEM; I call it the Chalice of Wealth!
I believe Steem will go up again and down before the two forks but I believe Steem to go up after the forks. Anyway, Steem is a good investment for mid to long-term.
Thanks
I like your every post....I also like this post .but, in this post I can not fulfill understand this content...if u have some time, so,plz talk about more....
I try to explain to people who own altcoins to not panic and keep all of your altcoins, not to sell when it is down. After the two hard fork gone it, all will be back to a good price and also will benefit from the BTC high price. Also, it is a really good time to buy some altcoins at a good price. Thank You.
I think we will see a correction of the price right now as it goes into a bearish trend. I bought a lot of altcoins and leave not much of BTC because I don't mind the Bitcoin Gold bullshit lol
What I know and 100% agree with you, it's the big market correction after the fork and the rise of altcoins. And then $$$$ =D
Yes, there is a bit of a correction happening now but the biggest will be after the forks. Me too, I don't care about BTC gold. I do really believe in a rise of the privacy coins in the future. Thanks.
Agree =) see you around buddy
I have been saying this early Sept. glad to find like minded people :-)
Think the alts are already on the rise well ahead of the fork and BTC correction - trying to beat ppl to the punch when they realise what is happening and try to chase the highs.
it seem to be growing every day and their is nothing that will stop it especially government . am looking at beyond mars
For sure, Mars is just the next step for refueling and continue the trip to universe and multiverse.
It's all starting to look upwards of the China crash.
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STOPgood post i like it
This post has received a 0.52 % upvote from @drotto thanks to: @banjo.