Bitcoin Price movements post hard fork? Why did it drop $500?

in #steemir7 years ago (edited)

pricefall.jpg

In short:

People got out of BTC because of the fork like BCC.

People got into alts why they were cheap.

People sold high alts for Low BTC.

Now they're holding cheap Bitcoin until Segwit2x.

Sort:  

SOme people had that great tactic of doing this. Really profitable

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It means BTC will keep in no very lower price until Segwit2x, or will go down after or will go up after

Thanks for the video, i uprooted and resteemed. Question, if I may: I only have a little BTC. Should I put it into cold storage util after the forks?

If you want to be safe. I'd do that.

doah... okay... thank you

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