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RE: Bitcoin report 300617 - Are we ready to break higher?
August 1st i think will be the more determining factor for BTC and subsequently ETH. If BTC fails the SW2 public eye then it will devalue as money shifts into ETH
Thank you very much @makeithappen & @christopher-ryan for having a discussion in my post on BTC.
That is what I hope to see more, rather than upvotes. Discussion, I will always upvote 100%.
Most of the time, markets are always forward looking, whichever direction most people think it will go, it would had gone. By the time public determines if it is +ve or -ve. The big boys would be moving the opposite direction.
Example bad news:
BTC takes a further dip. Most people will panic sell.
Big boys will accumulate.
Therefore, by looking at the market direction before the release, we can gauge a rough outcome(:
I think that August 1 will result in a dump regardless of the outcome of the fork. Most investors does not even know what will go on at August 1 and will just take the profit and come back after the dust is settled.
I agree 100% but it will happen fast. I suggest putting stop limit buy orders on Gemini/GDAX for major dips in BTC. I mean the coin aint going away but its value will suffer but wont matter if you can pickit up at $1200