RE: Future of bitcoin in August

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Future of bitcoin in August

in bitcoin •  8 years ago 

I agree that you should definitely convert whatever you are not willing to lose to USD. I predict that even if segwit is activated there will be a dip in price in bitcoin so it would be smart to buy back in with your usd at that time. However, if there is a hard fork and there is 2 bitcoins like you mentioned BTC will take a huge hit and anybody that didn't convert to fiat will be sorry. This was a great post and you really went in depth, the only thing I have a question about is when you said that altcoins will rise in price in one of the scenarios. Do you mind explaining why you believe that?

bitcoin
8 years ago by

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      ·  8 years ago 

    Hi, I liked the post too. About alt coins, there is a very interesting situation when facing a BTC fork or the fear that a BTC fork could happen; without BTC as "the main reference of value" people are most likely to buy other alt coins instead and increase the capital invested in a different set of tokens, take a look at coincap.io is really cool. See ya. @mleon

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