Is Bitcoin about to hit wrap factor 10?

in bitcoin •  7 years ago 

Just my personal OPINION, not FUTURE prediction.

So if past tracks are anything to go by it's time to pile up some cash closer to August 1st.

I am planning to throw as much money as I can find into BTC somewhere between July 30 - August 15th. Perhaps sooner there is going to be something happening to the Grand Daddy of Cryptos. In my humble opinion it's a great time to make sure you have some Bitcoins.

I can bet right now that a lot of larger investors and thousands of people will read more and more articles about "UPCOMING HARD FORK OF BITCOIN", "IS IT THE END OF BITCOIN?" or "WILL BITCOIN SURVIVE AUGUST 2017?". Just remember my words, you will see in couple weeks these articles will flood news, and will create panic.

I don't know about numbers, but I expect heavy bear movement. We might even see market reversal to the level of March-April 2017. That's a perfect time to make big investments for long term.

The only question is for how long will this last?

If we get the needed switch to SegWit it will not cause any hard forks, we will see quick recovery maybe by the end of the month (or year? There is no way to say).

However, if we will experience Bitcoin split, it might damage trust and reputation of Bitcoin, and therefore bearish trend can last longer than just one month. It will take some time for investors and people to make return to the market

Anyhow, people can call me crazy, but I am going to invest during the time of upcoming cryptocurrency market apocalypse as I still believe in the King of Crypto and come the end of the year I won't be the only one... image

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  ·  7 years ago (edited)

I think the fear of a split is already priced in, I think the price will only tank when a split really happens. I think if Segwit gets finally implemented without chain split this will be the event where Bitcoin will take back a huge market share back from alts. Bitcoin price will then explode over the coming months.

Maybe now is a good buy-moment if you want to bet on Segwit implementation. 2500 has proven as a strong support multiple times already, the price could never go lower than now anymore.

So long as bitcoin does not split into two, the future is SUPER bright

Definitely bitcoin will hit 10,000 USD.

Bitcoin is ready for another jump. Some kind of resolve of the scaling debate start of August 2017 could be the trigger.

There is a jump coming I'm sure of it👍

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