[Video Blog #113] - Bitcoin Fork and a Market Forecast
Bitcoin has had 5 ATH in a week with some small retracements and corrections and one flash crash which was a massive manipulated event for anyone watching the market when it happened.
200 billion market caps and new plans for Bitcoin futures trading has also occurred feeding the BTC fire.
Japan and Korea are also flooding into the market showing the strength of community and asian markets.
Bitcoin should continue on its climb leading into the fork however I can see a correction happening a few days before or on the day of the fork and we may see a major correction at some stage which is not doubt due.
Could we see $1000+ or more off the current value?
Are these days over?
I am counting on a massive swing towards alts on the 14h - 16th of November and my plan is to look for that major movement a few days BEFORE the fork as that has happened a few times before and history has shown similar behaviour.
That is just a personal strategy as the FREE Segwitx2 coins from the fork is not my focus.
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Nice work. You go to a lot of effort my friend. THE Cryptonaught ;)
Hi Mick. Yes, a little effort goes a long way. Just keep plugging away. All part of my long term goal.
"Could we see $100+ or more off the current value?"
Yes!
"Are these days over?"
Not even close...
That was meant to say $1000+ (I made an edit). We saw $600USD movement in BTC overnight. The volatility is still there.
which alt coins do you think will do well, when the sloshing happens?
All the coins that have hit relative bottoms since May. This fork has already taken a lot of energy out of the Alts which means that they will have a good run soon. Which ones to choose? Top 10 is always safe bet however so many new entities are available and climbing the ranks. The minnows is where the money is at the moment. Numerous coins releasing relevant tech. Financial services should do well in the long term. Salt, Populous, PayPie etc. Lots of legs still in the currency specific coins. Privacy coins are trending. The "Z" coins, Verge, PIVX etc.
Outstanding post and narrative. Thank you for sharing!
Market cap has increased drastically and can we expect steem to rise
Not convinced Steem has a lot of bull in it due to the nature of the platform. Steem is very liquid and many people are continually generating and selling Steem which will keep the price down. Those who are converting to Steem Power are obviously supporting long term growth. Steem has been stuck at a$1-$2 for a while now even with BTC on a run. I would think Steem could hit $3-$4 next year if mass adoption can occur for the platform and people hold their Steem. Otherwise it could be a $1-$2 crypto for some time. Sloshing back and forth.
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