RE: Bitcoin will collapse this July. Make money out of it! $$$

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Bitcoin will collapse this July. Make money out of it! $$$

in bitcoin •  7 years ago 

Thanks for sharing this information. Which is your expected BTC price after 1st august? Might be ETH rise due to the Segwit? thanks!

bitcoin
7 years ago by

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      ·  7 years ago 

    Support levels of 1600 would be a possible scenario.
    BTC is still the overall dominant in the market. ETH is still correlated to BTC. The uncertainty on BTC affects the whole market to certain extent. This means people will pull out money to the safest alternatives, and maybe we end up seeing the correlation between ETH and BTC breaking during this period.

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        ·  7 years ago 

      I think the ETH/BTC correlation will be broken. ETH really is completely independent and looks like a safe heaven compared to BTC for the time being. So, the ETH/BTC correlation is quite accidental, IMO, without any fundamental reasons.

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          ·  7 years ago 

        I absolutely agree with you.

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