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RE: In issue of hard fork, where bitcoin price go? Up or down?

in #trading7 years ago

It will go up for sure in long term, but I think after 1st of august it will dip because lots of people sold fiat and alts just to get that "free" bitcoin cash.

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There are a huge number of shorts on BTC right now. There's always the possibility of a influx of fiat after Aug1 uncertainty is over and squeeze out the shorts. Anyone's guess but sometimes when everyone assumes it's obvious that the price will go in a direction the opposite happens. And then of course it was obvious that this would happen in hindsight. Good luck to all of us!