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RE: My first STEEMIT post. I think I'm addicted to Crypto!
What are your thoughts on the Bitcoin potential fork coming up around August? Do you think it will take a dump and smart money should buy?
What are your thoughts on the Bitcoin potential fork coming up around August? Do you think it will take a dump and smart money should buy?
Hi Kryptoknightk that is a great question! Most of us know that August 1st will be the soft fork and will probably cause a lot of panic from mainstream media. I have been advising my clients to stop adding to their Bitcoin holdings until at least a few weeks after August 1st.
In my opinion we will see a big dip in the price of Bitcoin, possibly even as much as 50%. I believe this will be fuelled by mainstream media portraying the soft fork as doom and gloom and writing Bitcoins obituary for the millionth time.
The best strategy would be to wait till August 1st blows over then get more Bitcoin on the cheap, long storey short it is a great buying opportunity!
Thanks for interacting with my post :)
Yeah especially now that "Bitmain" is threatening a hard fork. I am waiting to buy :). Followed you for more advice!